Your job, work or carrier is something that you would like to have in the future as a source of income for you and your family. Carrier is something that you opted for since you were a little kid. You wanted to be a pilot, a doctor, an engineer, a musician or other such carriers. All of this shows the passion you had and the passion you placed forward in your studies to achieve this goal. Insurance can be helpful for your carrier because let’s face it if you don’t have a well thought out plan then you might not get to the carrier you dreamed about.
You need to have education in order to find the carrier path. You need the best type of education and the best type of study environment so that you can build the passion to reach your carrier. This is where you are defined differently by others. If you look at the opportunity and cease the moment then you will be able to reach the heights of your education and your carrier.
Now that you have worked your way to your carrier, you may feel happy and satisfied in working your dream job. But many problems regarding your health might arise which may cause you to stop working for short term or even long term. Insurance can cover up your medical expenses allowing you to work even after your tenure of sickness and bed rest. This way you can get back into your carrier without ever have to worry about your health problems
Soon after working 25 to 30 years In your dream job, it will be time for you to retire and take some time off. If you want your carrier to further give you benefit till your retirement age, then insurance can cover that and make it easy for you to live the remaining life telling your grandchildren about the amazing job carrier you had when you were young.
|Hammad Ul Haque
The insurance industry is a competitive industry with so many insurance companies striving to sell their policies to consumers. Regardless of the size or type of the insurance agency, the growth of revenue in an insurance company is directly proportional to the amount spent on marketing. But the question remains, why do insurance companies have to spend so much on advertisement?
For most people, insurance is a less interesting topic. This fact is because insurance is less involving for the consumer. This makes it not a fun product. People on insurance plan pay the premiums without much consideration as long as nothing goes wrong. Because most people find insurance ‘boring’, insurance companies have to use catchy ads, memorable slogans, and relatable characters to catch our attention.
Cost of advertising
Insurance companies rely heavily on the advertisement. They have to conduct several campaigns each year for them to make sells. This fact translates to high advertisement budgets. Advertisement budgets consist of the pre-production, Production and post-production costs. The pre-production costs include costs on market research, segmentation, and preplanning. Production cost is the cost spends on advertising campaigns. For an insurance company, more spending on marketing translates to more revenue. The insurance companies can, therefore, spend up to a million dollars on advertisements. For instance, in 2013, Geico spend over one billion dollars in 2013 on advertising. Allstate insurance group spend up to 886 million dollars on advertising in 2013. State farm spend about 802 million dollars on advertising while liberty mutual spends 423 million dollars on advertising in the same year just to mention a few.
Are there disadvantages of spending too much in search of new customers?
According to Velocify’s survey, companies that focus too much on customer acquisition are at risk of retaining their current customers. From the survey, companies that spend more than 15% on marketing tend to see a customer retention rate of approximately 81%, while those that spend 5% or less have a nearly 86% retention rate.
Mobile smartphones have become so common that we often take them for granted. We don’t think about where we would be if we no longer had this expensive device. Before that happens to you, it might be a good idea to become familiar with the benefits of mobile smartphone insurance.
Could you afford a new smartphone in case of damage or lost?
I’ve been thinking about this a lot recently. I’ve been traveling and have experienced several close calls with my smartphone. Several times my mobile phone could have had water damage, or fallen out of a car window, or been lost or stolen in an overcrowded motel lobby. The inconvenience of traveling without all of the resources in my smartphone would have been terrible. But could I even afford to buy a new phone to replace one that was lost, stolen, or damaged? Probably not.
Smartphones are an Investment
Those smartphones contain so much data that we come to depend on. It’s like carrying a mini computer in your pocket. Think of all the stored data, apps, and contacts that could be lost in a second. What if you no longer had all that functionality at your fingertips no matter where you are? I couldn’t run my business without my smartphone. I would be out of business. Not to mention the personal access to photos and music.
How many times do you consult your smartphone in a day? How much more difficult would your day have been without it? That is the primary benefit of mobile smartphone insurance: the peace of mind of knowing that no matter where you are, and no matter what happens to your mobile phone, you will be back up and running with little to no headache.
Benefits of smartphone insurance
The benefits of mobile smartphone insurance include repair and replacement when your phone is lost, stolen, or damaged accidentally. If your phone is lost or stolen, insurance also protects you against the cost of fraudulent calls that might be made using your phone. It’s bad enough to have to buy a new phone. You certainly don’t need the expense and aggravation of someone else using your mobile phone in the meantime.
Never before have we, as a society, invested in and carried around such valuable yet small pieces of technology. These powerful little devices are so vulnerable to unexpected mishaps. They are increasingly expensive to replace, even as our dependence on them for daily life and business grows. The benefits of mobile smartphone insurance become clear when we realize the investment we have made in that small box we carry with us everywhere.