One of the most frustrating processes to endure can be completing an application for a life insurance policy. The agent gives you a complete, and I do mean complete, run down of the companies various life insurance policies on offer which could take half an hour more of your valuable time, usually as you are ready to sit down to a meal. When he's convinced you of which policy he thinks you need, he laboriously fills out the form for you, in case you make a mistake. During the form filling, he remembers to tack on a few more provisions, adding to the cost of the premium. At the end of the process when you finally say goodbye to the agent, you are left with the feeling of weary confusion and uncertainty about whether you have done the right thing.
However, there is another method which can be a whole lot easier that what I've just described. E-Policies or online insurance policies are fast becoming the way to apply for life insurance, in fact for just about any form of insurance. There are pros and cons with e-policies, as there are with most things in life, but I'll leave that up to you to decide after you've read this article.
Nowadays, Lloyds of London undertake a similar role for ships and all things relating to shipping. Lloyds of London itself started from simple origins. In 1680, Edward Lloyd opened a coffee shop where most of the customers were ship's captains, merchants and ship owners. The current shipping news of the day was generally discussed and it eventually became the place where cargoes and ships were insured by those wishing to underwrite such sea ventures.
The Great Fire of London in 1666 caused untold damage to the city, leaving it in smoldering ruins. As a result of the London fire, several pieces of legislation was passed to try and prevent the huge losses experienced then. There was legislation stipulating the formation of fire teams with sufficient buckets and ladders in each quarter of the city. Another law allowed for the formation of an organization to indemnify owners and occupants for losses due to fire. The first insurance company to come into being was called "The Insurance Office" and was located behind London's Royal Exchange, known as the stock market.
Unless the web site says that the information has been updated on a particular date, you have no way of knowing if the information is up to date or correct. Similarly, if there is no security certificate (SSL) present on the site, you can't verify that the site is a bona fide one, before you enter sensitive personal information. Occasionally, you will find that your city is not covered on the site and you will have to resort to more direct means of communication.
However, there is another method which can be a whole lot easier that what I've just described. E-Policies or online insurance policies are fast becoming the way to apply for life insurance, in fact for just about any form of insurance. There are pros and cons with e-policies, as there are with most things in life, but I'll leave that up to you to decide after you've read this article.
Nowadays, Lloyds of London undertake a similar role for ships and all things relating to shipping. Lloyds of London itself started from simple origins. In 1680, Edward Lloyd opened a coffee shop where most of the customers were ship's captains, merchants and ship owners. The current shipping news of the day was generally discussed and it eventually became the place where cargoes and ships were insured by those wishing to underwrite such sea ventures.
The Great Fire of London in 1666 caused untold damage to the city, leaving it in smoldering ruins. As a result of the London fire, several pieces of legislation was passed to try and prevent the huge losses experienced then. There was legislation stipulating the formation of fire teams with sufficient buckets and ladders in each quarter of the city. Another law allowed for the formation of an organization to indemnify owners and occupants for losses due to fire. The first insurance company to come into being was called "The Insurance Office" and was located behind London's Royal Exchange, known as the stock market.
Unless the web site says that the information has been updated on a particular date, you have no way of knowing if the information is up to date or correct. Similarly, if there is no security certificate (SSL) present on the site, you can't verify that the site is a bona fide one, before you enter sensitive personal information. Occasionally, you will find that your city is not covered on the site and you will have to resort to more direct means of communication.
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