December 2020


When an Annuity Is a Good Financial Investment

Firstly, an Investment Only Annuities is an insurance coverage item, which means you buy it to lower risk. Some annuities, like variable annuities, have an option of supply, as well as bond profiles available as investment selections inside the insurance policy contract. Various other annuities hold true insurance policies without any investment element at all.

There is one thing an annuity can do well, which is to provide a bush against long life risk, the danger of living longer than you believed you would. If you are buying it; therefore, an annuity can be a great financial investment.

An annuity may be the perfect investment choice for you if you understand your retirement goals, can see just how the annuity aids you to achieve those goals, as well as understand all the charges, as well as limitations of the annuity product you are thinking about. You ought to recognize how the annuity revenue is strained when payout starts, what investment choices are available, as well as how the annuity enhances various other financial investments you have.

When an Annuity Is Not a Great Investment

If somebody is attempting to sell you an annuity without looking at your entire financial photo, beware. Many individuals offering annuities imply well, but they might not have a complete understanding of the products they are marketing. They may not have a good understanding of the tax obligation effects, as well as if they have not done any kind of planning for you, they can’t see just how that product is most likely to match your retired life image.

Retirement: Pros and cons of fixed-index annuities

You additionally want to recognize the charges related to the annuity because high charges lower your return. High costs in a few variable annuity items suggest that in anything; however, in the very best markets, the annuity financial investment will get you low returns.

You shouldn’t purchase an annuity till you already have crafted a strategy and recognize just how the annuity suits in. Annuities will not go away, therefore, there should not be any feeling or pressure of urgency to acquire till you have done your research. Some sales reps will tell you that an annuity item is most likely to be readily available for a brief duration, which might hold true due to the fact that insurance companies will stop items periodically. However, you shouldn’t fret because a similar item with similar attributes will likely quickly appear instead of the old one.

In this rhetorical analysis example, the educational system issues are studied. It was found out that a lot of institutions do not boost children’s creativity as it should be. In the Ted Talk by Ken Robinson, “Do Schools Kill Creativity,” the author proves that institutions lower their motivation and uses logos, ethos, and pathos in his narrative to hook the addressee’s attention.

Logos Analysis

While enumerating the weak sides of the studying system he shows the use of logos appeals to demonstrate his reasoning. Robinson claims that the reason for low productivity at work is that half of Americans are not committed to what they do at work. According to him, it is a common thing for learners to continue their studies after getting the first qualification to become scientists which leads to a low salary.

Ethos Analysis

In addition, the spokesman uses ethos to convince the public that the school system can be developed to reveal students’ potential. A perfect pattern of rhetorical appeal can be observed when he gets the trust of people by using motivational statements and the trustworthiness of a teacher assuring the listeners that all kids are talented and creative in the proper conditions.

Pathos Analysis

A successful connection between the speaker and the listeners is called pathos.

Professor tells the story where he explains how easy it is not to see the creativity of the learner and misunderstood it. In addition, Robinson’s opinion is that every child needs a unique program to see how bright they are. Here the author uses pathos and the listeners attach emotionally to the failure of the study system.

To sum it up, according to Professor Robinson, a strict school system destroys the talent of children. He uses pathos, logos, and ethos to get the addressee’s attention and trust.


Artificial intelligence (AI) has found various uses over the years. It is now more relevant than ever as more than a third of organizations are employing AI in some way.

Of course, this impressive technology has found its way into the insurance sector as well. Every industry that has to deal with customers regularly can utilize AI. As we know, insurance companies constantly interact with their clients, and AI insurance solutions can help every step of the way.

Here’s what they can do.

AI Uses in Insurance Companies

AI digital assistants in the form of chatbots are becoming huge across various industries. Insurance is no different, and these assistants coupled with automation can make a world of difference for any company.

Providing Quotes

As many as 42% of all customers prefer live chat to phone calls and other options for reaching the company representatives. It’s simply much more efficient. Now insurance company representatives can be AI bots. These chatbots can provide customized quotes to customers quickly and with no fuss.

Onboarding Customers With Ease

There’s no need for live representatives, even during the onboarding process. Thanks to conversational AI technology, these bots can guide clients through the whole process. They can understand and answer any question along the way, as well as collect and validate documents that customers provide.

Assisting Customers in Updating Information

If a customer needs to change any details of their policy, they can do it with the help of AI bots again. This process used to take agents some time and energy, whereas bots can do it quickly and efficiently. They can offer options along the way to speed up the process for the client.

Helping Clients File a Claim

Filing an insurance claim used to be a real nuisance that involved numerous steps and phone calls. Now, an AI assistant can walk the customer through the process step-by-step, facilitate it, and do all the heavy lifting on its own with minimum assistance from the client.

Customer Support

Chatbots can answer customers’ queries and complaints 24/7 and handle both simple, routine tasks and more complex ones. They can provide any necessary information or resolve billing issues. Digital assistants can also be integrated with live chat so that agents can take over if necessary.

Customer Retention

Chatbots can reach out to customers for policy renewals automatically before the renewal date. They can help the customer by analyzing their data and providing offers and changes that would better suit their needs. This can help retain many customers who would otherwise leave.

How Insurance Companies Benefit from AI Assistants

AI changes the whole process in insurance companies, from handling quotation inquiries to reaching out for policy renewals. Relying on bots rather than agents brings many benefits to the company. Here are some of them.

Streamlines the Workflow

AI assistants walk the customers through the process in clear and easy-to-follow steps. There’s no need for live agents to rummage through the customer data and history — bots pull out all the necessary info and calculate the best offers in a matter of seconds.

As customers get used to bots, the company gets fewer emails and calls, and the onboarding is a lot faster than it traditionally was.

Collecting new information from customers is also easier with data validation and image recognition, which means there’s no need for manual input — the data is automatically added to the system.

Saves Time and Money

From handling repetitive customer support tasks to filing claims, bots can do anything independently and quickly. Of course, there’s a possibility of agent handover, but customers will rarely request it as bots can understand complex human language and respond accordingly.

This independence means that bots can save a lot of time for the company employees, who can focus on other tasks. It also means that the company will need fewer agents as the brunt of the work will be handled by AI assistants.

As these bots are great at customer retention, they will also prevent numerous clients from leaving, thus saving even more money for the insurance company.

Eliminates Human Error

Finally, one of the greatest advantages of AI is the accuracy and precision with which it handles any task. When agents input client data manually, there is a lot of space for error. With AI bots, there’s virtually no possibility of such mistakes occurring.

As you can see, AI can not only help insurance companies change for the better — it can transform them completely and make them much more efficient and lucrative.

Are you thinking of starting a jewelry store? Well, if your answer is positive, you are in the right place. Nowadays, jewelry is the most profitable business, because it adds a new style vibe to the fashion world. Women love to wear a lot of jewelry. Gold, platinum, diamonds, etc., are their first choice. So, if you open your jewelry store, you can make progress so fast. But how? When you are about to start your own company or store, you always have this one question, and how can you make it? What’s the secret of successful jewelers? Well, you will get all your answers.

The secret of Successful Jewelry Companies: Business Hack

In the marketplace, you will get a lot of competitors who are running their company successfully. So, as a newcomer, it can be tricky for you. But you can make progress with your hard work and your unique ideas. To start a jewelry store doesn’t mean you only have to work with one item of jewelry. You can offer your customers diamonds, platinum, gold Platte, etc. diamond jewelry is the fashion world’s trendiest. You can work with it and run a profitable company. But what about the investments? Aren’t diamonds expensive? Well, diamonds are costly, and as a new jeweler, you must invest a large amount of money. But there is another best way that will help you a lot. The natural diamonds are hard to get, so it costs a lot. But there is another way to get diamonds at a low price. And those are lab-made diamonds. These diamonds are made of carbon, and it grows in the lab. These look exactly like natural diamonds. If you are thinking of opening your stone in Australia, you can get lab made diamonds Australia at the best affordable price. Now you are ready, so let’s dig in the secrets.

Hack no 1: Get a suitable place.

To open a new store or company, you need to find a perfect place to get the customers and grab their attention with your product. You can open your store in an urban location where one or two jewelry shops. So, the customers will come to your store and purchase stuff. You can start a branch in a shopping mall. If you are offering expensive items, you should choose a wealthy place. So that people will buy your costly things.

Hack no 2: Create your design.

Another secret of a successful jeweler is the unique design. It will help if you offer your customers unique jewelry designs that hard to find in other places. Many times, the same item with the same designs are available everywhere. Some sellers provide it at a cheap rate, but you are selling it at a high price. So, people never purchase the same things from you. Make your design so that people buy your product at your fixed price.

To start a jewelry company can put you in a competition. So, sometimes it can be hard for you to make profits. But always stick with your new ideas and hard work.

Finding the right flooring contractors for new construction or home improvement projects in Australia is not all that easy. Even if you are able to find a local contractor, they might not agree to take up your project on time. Mot of the time, it is difficult to find contractors to do the projects within your budget.

How to find the best local flooring contractors in Australia?

FlooringDomain is an excellent online resource to find the local flooring contractors for your flooring and related services like decking and artificial grass. Other suppliers are just masters in their own right. These are specialists companies like Granite Pavers Sydney, that deliver natural stone flooring on pavers, tiles, and granite. They also offer wall cladding options for both interior and exterior purposes. They provide an extensive listing of flooring companies, decking installers, carpet cleaners and tile installation contractors, across most of the places in Australia.

People can post their projects related to flooring tiles, concreting, artificial grass, floor heating, paving, decking, floor repairs, etc, on the website along with the specifications, and request for price estimations. They can also mention the deadline for completing their works.

The contractors listed with FlooringDomain will directly contact the customers and let them know about their availability, and provide the price estimate for the project. The best thing about using FlooringDomain directory is that customers get more choices. They can compare the offers and make the choices that best suit their personalized needs.

In addition to providing the platform for the customers to connect with flooring service providers, FlooringDomain is also an excellent resource for people to know more about the various flooring options for their residential or commercial projects.

If they are looking for information like how to remove the wine stains from the carpet, , how much would it cost to hire a local carpet cleaners,

or about the cost of hardwood decking, or about flooring with engineered wood, Flooring Domain has a nice library of informative section to answer such questions. They keep updating their website with informative articles related all different types of flooring. It helps the customers to decide on the right type for flooring solutions for their customized requirements.

How to market your flooring solutions business in Australia?

FlooringDomain is also an excellent platform for the flooring contractors and material suppliers to get regular business. Flooring companies can register their business on this platform for free and market their services. They get access to customer requirements on the portal, so that they can give the quotes to those prospective customers. 

The registration process for service providers and suppliers is pretty straightforward and simple. All they will need to do is fill out the online form on the website, verify their registration, and get started. They can then build their profiles in their own unique ways to attract the attention of customers who are in need of flooring solutions. 

Flooring Domain also offers pro accounts to service providers and provides additional marketing and tools to them. They can try the free membership, and then decide on upgrade if it helps their business.

Other ways for flooring service providers and suppliers to market their company on FlooringDomain is with targeted banners and SEO backlinks in the Flooring niche. It helps those companies in attracting targeted audiences to their business website. These quality backlinks also work towards improving the search engine rankings of their websites.

Payroll outsourcing is one method for paying employees using a third-party payroll provider in a domestic or international venue. To outline the pros and cons and the key reasons for outsourcing the payroll to workers on assignment, we have put this fast guide to payroll outsourcing.

What is Payroll Outsourcing?

Payroll outsourcing is essentially using a service provider to manage to pay workers’ administrative and enforcement functions. It is necessary to remember that payroll services are just that, and do not provide a multinational corporation with a local record employer. This implies that local incorporation is still necessary, and DIY or other professionals must manage the different aspects of hiring employees.

When is Payroll Outsourced?

Whether to outsource payroll depends on various factors, such as the number of workers on assignment, whether a business has a local agency and the complexity of jobs and withholding regulations in the host country. The time and cost of setting up and managing a local payroll can not be justified in certain situations, so the payroll features are outsourced to another organization in the host country.

Although many small companies regularly use payroll outsourcing in Singapore, when sending employees on foreign assignments to a new market, larger businesses may profit from this service.

In that case, a business can choose to use either a local payroll provider or a GEO service that provides its customers with comprehensive job support, including a compliant payroll for all employees in that region.

A business can customize the payroll services they outsource,

depending on their needs while maintaining control of other aspects.

Usually outsourced to a third-party supplier, the payroll roles include:

  • Running payroll and making estimates for employee pay and withholding
  • Direct depositing of funds or issuing checks to employees
  • Calculating state and federal payroll taxes and making contributions with tax withholding
  • Needed Government Reports Filing
  • Administering opportunities for workers
  • Withholding payments to social security and insurance

Advantages of Outsourcing Payroll

For both small and large businesses, outsourcing payroll benefits are various, and a large percentage of companies use this form of service abroad. The advantages of cost and time savings, monitoring and avoiding enforcement problems make outsourcing a common service, such as outsourced accounting services. In international markets, where payroll rules and tax laws are unfamiliar to a new company, these advantages are compounded, and a local payroll provider can be a valuable partner.

Disadvantages of Outsourcing Payroll

Payroll outsourcing is a restricted, administrative international jobs option and does not guarantee compliance in the host country with taxes, immigration or labour laws. The payroll provider does not provide a local employment entity to a foreign company, so incorporation and registration and other enforcement measures are still required.

Other functional drawbacks include loss of control of wages and employee records, security problems and lack of quality of service or timely reporting. These can be offset by detailed analysis of the country’s payroll providers and choosing the best available business.

Picking the appropriate school for your youngster requires plenty of studies, as well as a lot of thought yet at the very same time it can be a really challenging task. Whether your youngster is beginning college for the really first time, moving up, changing schools, or moving to a new area, selecting the right institution for your youngster is an uphill struggle. Every college adheres to a particular educational program, has its own mentor approaches, worth as well as benefits. The majority of international schools give worldwide educational programs like IB and CAIE, which offers child exposure to worldwide societies that upgrades, as well as boosts their knowing procedure. Here are some of the advantages of examining in an international school.

  • Direct exposure to brand-new cultures

The curriculum that is complied with in most worldwide schools must be accepted worldwide, only after that it is helpful to the trainee.

Kids are exposed to various cultures, customs, communities, as well as discovering which aids them to value various cultures around the globe. Youngsters that most likely international schools gain expertise, insight as well as the confidence to take care of all kinds of people, culture, and histories. The discovering process in worldwide colleges is created in a manner that the trainees are subjected to optimum global practices. In addition, kids commonly have classmates, as well as even educators that come from different countries as well as societies. In short, they live, as well as find out in an extremely diverse ambiance. Which helps them face the globe with a different viewpoint.

  • Development in personality

International schools greatly commemorate distinctions in countries, society, as well as personalities. Due to examining in an international school, children obtain lifelong friendships with close friends from various other countries. And they stumble upon many daily challenges such as language obstacles, emotional barriers, etc. When youngsters get over these barriers, they recognize a sense of self-reliance as well as a sense of self-confidence. Knowingly or unknowingly, they gain a sense of maturity, responsibility, as well as a terrific feeling of knowing. Actually, it helps students tip outside their convenience zone and try new points and challenge their own ideas as well as capacities. It aids them to raise their self-confidence as they see themselves in an extra favorable way.

  • Gaining more job possibilities

Kids that research at international schools can feel great when seeking job chances because of their exposure to numerous global societies and also languages, while still in school. Students who have studied in a global school have a suggestion of varied culture as well as they can conveniently recognize and adjust in various types of environments. The majority of recruiters look for staff members who have worldwide exposure as well as being multilingual, and therefore if a child is researching in a worldwide college they have already discovered an extra language, as well as are devoid of any sort of cultural shock. Trainees with a worldwide education are better prepared even for entries to universities in other countries.

Choose the right taxation services provider and you’re sure to reap the benefits. From ensuring that you keep on track with all your tax liabilities, to saving you money, taxation services are vital for any efficient business. To ensure that the tax advisory services you choose is the right one for your particular business and your own personal requirements, here are some questions that you should be asking, to determine if a particular taxation services company is the right fit for you

What is your availability?

Will the company be available when you want to talk to them? You may only want periodic correspondence, but what if your line of business brings with it frequent tax queries that you want someone to deal with right away? Also ask about office closures during holidays. Will there always be someone available to contact or will there be periods of complete radio silence? Only you know what level of communication you’ll need, so ask the right questions to ensure you’ll always have someone at the end of the phone line or replying to your emails when you need them.

What types of client have you experience of working with?

Some companies may specialise in certain types of businesses, while others will have a more broad approach and offer services to businesses of all kinds. It’s wise to check, as if a company specialises in one particular industry, such as retail and your business is in something entirely different such as real estate, then you may find you’re not getting the same high level of service as those clients within the niche market.

Whom will I be dealing with?

Ask about the person who you will be dealing with. Some companies may outsource to a third party, others may have a pool of advisors, all dealing with the same clients, while others may have a dedicated advisor for each client to contact. You may prefer the personal service of having one named contact who fully understands your business and its requirements. If so, make sure this is what you get.

Can you deal with my multiple companies?

The more complicated your business, the more time you need to spend ensuring your taxation services provider is suited to your needs. If you have several businesses, spanning different sectors, perhaps located in different countries, then your advisor needs to be capable of dealing with this extra level of complication, including the transfer of money between equities.

Will you proactively make suggestions that will benefit me?

Do you simply want your provider to ensure your taxes are completed efficiently, fully and submitted on time, or do you want more? Do you want a provider who will research local and global tax rules and regulations, seeking out ways in which you can save more money? Only by asking the right questions will you get the taxation services provider that is best suited for your business.

Keeping your hard-earned money sitting idle is never a good idea. Instead, you can consider using it to grow a fortune as well as ensure the financial protection of your loved ones. Unit-Linked Insurance Plan is one of the most popular investment options today.

ULIP comes with certain costs. Thanks to the Insurance Regulatory and Development Authority of India (IRDAI), the ULIP charges are well-structured. Read on to know about them in detail.

  1. Fund management charges

When you put money in a ULIP fund, the insurance provider invests in different instruments to offer you the expected returns. This process requires thorough planning for minimizing your risks while building a significant corpus. Insurers have fund managers who handle the investments, and you need to pay an additional cost for this service, known as fund management charges. IRDAI has capped this expense to a maximum of 1.35% of the total fund value per year. After deducting this cost, the insurer calculates the ULIP NAV, which is the Net Asset Value. 

  1. Premium allocation charge

When you buy ULIP, the insurer usually incurs certain expenses initially. These include distribution fees, medical costs, and underwriting charges. You have to pay these ULIP charges in the form of a direct deduction from the premium. After the subtraction, the insurer invests the balance amount in your selected funds. 

  1. Mortality charge

ULIPs offer double benefits, which include life insurance and investment. When you purchase ULIP, it ensures that the insurance provider will pay your nominees a specific amount in your absence. You have to pay the insurer a fee known as the mortality charge for this service. The insurer deducts this cost throughout your policy tenure. These days, some insurance companies return the amount when the ULIP matures.

  1. Surrender charges

ULIPs come with a five-year lock-in period, as it is a long-term option. It is advisable that you continue paying the premium during this time to benefit the most out of your ULIP NAV. However, suppose you do have to surrender the policy during this tenure due to any emergency, the insurance provider will levy a penalty, known as surrender charge or premium discontinuance charge. If you surrender the ULIP after the lock-in term, the insurer does not charge any penalty.

  1. Policy administration charges

During your policy tenure, the insurer needs to provide you with specific services, such as paperwork, workforce, record keeping, and more. For this, you have to pay policy administration charges every month. 

  1. Rider charges

Insurance policies come with riders, which allow you to protect your future with additional benefits. When buying ULIPs, you can include specific riders that can enhance your existing cover. For this, you have to pay extra charges in form of a higher premium. 

  1. Top-up charge

During your policy period, you can always invest additional money into the fund over the regular premium, known as a top-up. This will help you grow your accumulated wealth even further. However, the insurer may charge you a fee for the top-up investment.  


  1. Fund switching charge

ULIP fund managers invest your premium in different types of funds. The policy comes with the flexibility of you deciding how to allocate the funds. Moreover, you can move your investments from one fund to the other during the policy period. The insurer will charge a switching fee in that case

When choosing a policy, you can use a ULIP calculator to determine the estimated corpus that you will earn over a long period. However, it is also essential to keep these charges in mind to know your total expenses.

The rapid progress of technology today has paved the pathway to digitisation in all aspects of life. Businesses often undergo a digital transformation to improve key processes in their work. They are taking this step to develop digital strategies for their business plan and extend their capabilities and reach.

  • A faster-digitized economy: Nowadays data is mostly stored digitally. Technological advances such as faster broadband services and internet connection have blurred the lines between the physical and digital world. The improvement of the network of underwater cables across the world has given a platform for people to build cloud or internet-based businesses, giving them a 26% increase in profit than their average competitors. 
  • Providing the right strategy:  As days go, technology will only evolve, and thus having an innovation advisor on your side, adapting to your needs, providing you with effective technological solving for your business problems is very essential. Click here for more details about asigo system which helps you achieve your strategic digital goals with their extensive experience. 
  • Improving process: The Internet is a fast-paced ever-changing platform. Many of the IT systems that a business may use might have been introduced a long time ago, resulting in a lack of efficiency in the process or worse, a lack of data transparency. By undergoing a digital transformation, a business can reduce its operational risk by equipping itself with a modern technology platform, which ensures steady automated real-time monitoring process architecture. 
  • Future-proofing your business: With the rapid advancement of technology, it’s quite hard to say that the technology implemented now will still be the cutting-edge solution in ten years’ time. Ground-breaking technologies like Artificial intelligence and Blockchain have already been a part of this transformation, and who knows how much they will improve in the coming days, giving businesses new boundaries to cover. 
  • Helping your business internally: While your business undergoes a digital transformation, you too need to get familiar with it. By taking the help provided by digital training programs, you will have the opportunity to learn, adapt, and grow alongside the fast-paced digital world. This helps in maintaining data transparency and a good healthy relationship with the customers. 

Eficio transformation numérique ensures that with their team of CIOs, digital strategies, and digital transformation experts, you propel your business to the next level within no time.