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Business Innovation – Radical and Disruptive Innovation
One of the most interesting aspects of creativity and innovation is the relationship between incremental and radical change.
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as...
Constellations
Constellations
A diagnostic tool for creative strategic development
Dr E Kloprogge, Peter G Gleeson and Tyrone J Francis, January -
2005
Introduction
What is a Constellation?
...
Innovation Management – the Value of Being Obvious
One of the most interesting aspects of creativity and innovation is the general perception of obviousness.
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection,...
The Four Cultures of Employee Retention
Despite fluctuating economic times and increased globalization of American jobs, most employers are finding it hard to keep good workers. The reality of today's job market is that workers are expecting more from their employers and are not afraid to...
Top 10 Reasons to Retreat for Leaders and Managers
“Your business is your BEST client.” Gala Gorman There are so many challenges facing business these days that it seems virtually impossible to slow down long enough to plan for the future. Months go by and you have held your own. You might pause...
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Term Life Insurance Vs Permanent
Ever since the idea of term life insurance came to the mind of
man term life insurance vs permanent has been the center
of active and thought provoking debate. Term insurance is
without question cheaper than permanent life insurance but when
compared with the value built into the latter people have
varying ideas as to which is best. What about the cash values
and dividends you get from permanent policies? Do you just
ignore these? How can cash values and dividends be used to
offset cost? Questions worth answering aren't they?
The ever constant innovation of life insurance policies make it
more and more difficult to come to a consensus. Term life
insurance vs permanent will continue to provoke the thoughts of
anyone considering a life insurance purchase. Because term is
simplest I will discuss that one first then I will get to the
complexities of permanent life insurance and it's varying
alternatives.
The Advantages Of Term Life Insurance
What life insurance companies have attempted to do with term
life insurance, and have been fairly successful at doing it, is
to strip the life insurance policy of as much of the front end
load as possible. They have been more successful in doing this
with some policies than with others. Let us take the increasing
premium term policy for example. The lower premiums in the
younger years result from the fact that the applicant is less
likely to die within a given period, the term period, than an
older person. Term life insurance is life insurance in it's
simplest form taking into consideration mortality based on
actual experience.
If we were to examine a decreasing term life insurance policy
the decreasing annual premium reflects the decrease in the death
benefit each year, also bearing in mind the fact that the
insured is getting older each year. People like the way this is
done because they believe that at no time they are paying more
than for the term life insurance they
actually want.
Advantages Of Whole Life Insurance
Comparing term life insurance vs permanent we notice that the
whole life insurance premium is loaded up front. The life
insurance company take most of the cost to issue a whole life
policy in the first few years. There are clerical costs, medical
costs if the policy is large enough or if they are dealing with
an impaired risk, and of course agents commissions etc. If the
costs are less than anticipated, and they usually are, they
return that portion of unused premium. This is called a cash
value. This cash value earn dividends which, if left with the
company, accumulate interest. There are alternate dividend
options that you may elect.
If you were to deduct the cash value of a life insurance policy
plus the dividend after 20 years from the amount you paid in
premiums you would see that the policy cost nothing over that
period. But, hold on. We have to consider what those dollars,
over and above the cost of term life insurance, would have been
doing had they not been in the whole life policy. What rate of
interest would be available.
The advocates of buying term when examining term life insurance
vs permanent contend that the money would be earning the maximum
over that 20 year period. On the other hand, the advocates for
permanent life insurance assume that the extra premium would not
be saved or invested. There is truth in both arguments but,
because each person is different, we cannot come to a definite
conclusion as to which is best. If you can afford to buy any
policy you choose , do your comparisons for yourself and go with
your gut.
About the author:
For more than 40 years Donald has been known for his extensive
knowledge of the life insurance business. He has represented
some of the largest and best life insurance companies in the
United States as well as Canada. His advice is invaluable.
Donald's website is: http://www.lifeinsurancehub.net
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| DTI - Welcome to the DTI's Innovation Home Page |
| The DTI is working to stimulate a significant increase in innovation throughout ... It covers Living Innovation, web streaming of a series of high profile ... |
| www.dti.gov.uk |
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| Innovation - Wikipedia, the free encyclopedia |
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| en.wikipedia.org |
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| National Innovation Website |
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| www.innovation.gov.au |
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| The Innovation Weblog - Valuable trends, resources and viewpoints in innovation, creativity and brainstorming from Chuck Frey at InnovationTools. |
| www.innovationtools.com |
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| This Innovation Portal is supported by DG ENTR of the European Commission, ... European Commission adopts new Communication on Innovation: on 13 September ... |
| cordis.europa.eu |
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| CORDIS: Promotion of Innovation: Home |
| This programme stands at the cross-roads of the Community's policies on Research, Innovation and SMEs. |
| cordis.europa.eu |
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| www.thinksmart.com |
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| Business Innovation : Car Reviews, Online Gaming, and Product Branding |
| If your in need of great Online Gaming material, we carry up to the minute news and reviews for all of your favorite games and gaming systems. |
| www.businessweek.com |
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| Innovation - Life, Inspired | PBS |
| Learn about fascinating innovations, explore interactive features, submit questions to our experts, investigate resources and lesson plans, and more. |
| www.pbs.org |
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| Innovation.org - Welcome |
| Impact of Innovation Saving & Improving Lives Controlling Healthcare Costs Strengthening ... Future of Innovation New Medicines in Development Next Wave of ... |
| www.innovation.org |
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| See all blog posts tagged with innovation on Technorati. |
| www.technorati.com |
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| irc.cordis.lu |
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| The Tech Museum of Innovation - Welcome! The Tech Museum inspires and educates the innovators of the future. |
| www.thetech.org |
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| del.icio.us |
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| innovation |
| Publication highlighting the research activities of NUS. The site provides snippets of selected articles online, and provides a subscription form online. |
| www.innovationmagazine.com |
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| Canadian Innovation Centre |
| Services includes invention evaluation, technology due diligence, market research, and education programs. |
| www.innovationcentre.ca |
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| Maximise your business potential through innovation. Learn the secrets of successful business innovation in London. |
| www.london-innovation.org.uk |
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| Eric Von Hippel's Homepage |
| Downloadable Books. Democratizing Innovation (2005) ... The Sources of Innovation (1988). Free download of the complete book. Permission granted by Oxford ... |
| web.mit.edu |
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| Intel Innovation in Education |
| www.intel.com/education/ - 3k - Cached - Similar pages |
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