In my last few posts, I mentioned the importance and need of insurance. Few countries like United Kingdom, United States, France, China, Russia and few other advanced countries regards insurance as obligatory upon every citizen of the country. Even a person who enters in such countries on temporary basis, is considered to insure himself. Insurance is given so much importance, because the leaders of such countries don’t want to see their citizens in trouble, in case of any accident, illness or disability.
Incase if you can’t work due to any disability or illness, then how you could cope you financial needs, state benefits are always very less then your needs. In such a condition you can not fulfill your financial needs. You can not make mortgage payments, pay bills, supply for you family and buy for petrol, food, etc. And thus it remains a headache for you. And it should also be kept in mind that if you get disabled for job, then you have to entitle a claim for state benefit, and it takes months for that claim to be processed. Here comes the turning importance of Income Protection Insurance. You will find no one to fulfill your financial needs, but only you’re Income Insurance.
Income Protection Insurance, also known as Permanent Health Insurance, Income Insurance or Income Replacement Cover, provides you with a tax free monthly income until your selected retirement age.
The meaning of the word Income Protection Insurance is always mistaken with Accident, Sickness and Unemployment, i.e ASU. But let me mention the main different between the two, Income protection is a long term protection of your income in case of illness or disability, while ASU is a short term protection of your income in case of illness or disability.
It is always suggested that before entering into a tenancy agreement, then first go through tenant report. Or in simple words the profitable letting of a property requires thorough tenant referencing before entering into a tenancy agreement. These tenant reports are based on the experiences of well qualified and experienced people. More specifically tenant reports work the best regarding property issues, whether selling or buying.
Tenant referencing are based upon different categories. These reports may be
Bronze Tenant Check Report
Silver Tenant Check Report
Gold Tenant Credit Report
Platinum Tenant Credit Report
Locate Report
Bronze Tenancy report checks the background and identifies Bankruptcy or Insolvency within the last few years. Actually this kind of tenant referencing helps the landlords of letting agents who already have substantial levels of vetting information and only need to identify financial problems recorded in the courts.
Silver tenant report is the most precious kind of tenant screen report, which has a double package, it includes the information provided within the Bronze report plus; checks against the public electoral register for the current tenant address, any previous addresses linked to the tenant, and an overall risk evaluation score.
Gold tenant screen report includes silver tenant report as well as plus identification of links between financial accounts and the current tenant address provided; any alias names used; identification as to whether there have been previous credit searches for the individual; and any notifications of changes to their credit history.
Platinum tenant screen report includes everything within the Gold report plus checks against the previous and current tenant addresses supplied verification of employer name against telephone number, and a verbal tenant check with the current landlord.
