LIFE INSURANCE WARRANTIES

For understanding warranties ‘Representations’should be thoroughly understood because in life insurance those representations which are embodied in the policy and expressly or implicitly forming the main basis of the contract, are called warranties.

Every information distributed by a proposer for insurance to the insurer through the negotiations is really a representation.

Every information distributed by a proposer for insurance to the insurer through the negotiations is really a representation.

The representations might be material or non-material. The material representations are the cornerstone of the insurance contract as has been clear in the most good faith under material facts.

If the proposer’s representation is false or untrue, the contract might be voidable at the possibility of the insurer. The representations made through the negotiations don’t form an important the main contract.

Warranties are integral areas of the contract, i.e., they are the bases of the contract involving the proposer and insurer and if arty statement, whether material or non-material, is untrue the contract will probably be null and void and the premium paid by him might be forfeited by the insurer.

The policy issued will contain that the proposal and personal statement shall form section of the policy and be the cornerstone of the contract.

In order that representation is likely to be warranty. As has been disclosed already that the warranties might be informative, and promissory.

INFORMATIVE WARRANTIES

In Life Insurance, the informative warranties tend to be more important. The proposer is anticipated to disclose most of the material facts to the most effective of his knowledge and belief.

Promissory Warranties

Warranties concerning the long run may only be statements about his expectation or intention, as an example, the proposer promises that the won’t occupy any hazardous occupation and will inform the insurer if he will require the hazardous occupation.

BREACH OF WARRANTY

When there is a breach of warranty, the insurer isn’t bound to do his the main contract unless he chooses to disregard the breach.

IMPORTANCE OF INSURANCE

The insurance provides safety and security against the loss on a particular event. In case of life insurance payment is made when death occurs or the term of insurance is expired.
The loss to the family at a premature death and payment in old age are adequately provided by insurance.
In other words, security against premature death and old age sufferings are provided by life insurance.
Similarly, the property of insured is secured against loss or a fire in fire insurance.
In other insurance, too, this security is provided against the loss at a given contingency.
The insurance provides safety and security against the loss of earning at death or in old age, against the loss at the fire, against the loss at damage, destruction or disappearance of property, goods, furniture, and machines, etc.

Secrets to Managing Student Loans

Debt can be a dark place for anyone.

As a student, getting to grips with adult responsibilities is all part of college life. Managing your student loan is a key aspect, and unfortunately for many, one of the hardest lessons to learn.

Research indicates that the U.S. had a massive $31 billion increase in student loan debt in 2016.

For the average student, debt may cause stress that has a knock-on effect on their studies.

However, when you put your mind to it, there is a way through the woods, one that lets you conquer the debts without the pressure knocking you off course.

10 Reasons Why Postgraduate Study Might Be Right For You

While you probably won’t have given much thought to postgraduate degrees before your final year of university, there are plenty of reasons to consider staying on for further study after you graduate.

As with all potentially life-altering decisions, there are pros and cons. On the one hand, pursuing a higher-level qualification can improve your job prospects by developing your hard and soft skills. On the other hand, the extra time spent at university might be put to better use getting a foot on the career ladder. Plus, it’s not like degrees are that cheap.

What to Decide Before You Go Traveling After University

There’s nothing quite like that end-of-university feeling. No more studying, no more stressful presentations, and no more counting down the days until you need to hand in that super important essay.

This new-found freedom can be exciting but having the safety net of university life pulled out from under your feet can be unnerving. If you haven’t already, suddenly it’s time to start making some important decisions about your future.

Pros and Cons of Living with Your Parents While at University

With student accommodation rarely coming cheap, staying at home with the people who raised you is becoming an increasingly common option, with about 25 percent of young people aged 20-34 in the UK now living with their parents.

This so-called ‘boomerang generation’ (because they’ve returned home after initially moving away or going traveling) aren’t unique to the UK either. A similar survey conducted in Canada shows that roughly 42 percent of Ontario residents between the ages of 20 and 34 live at home.

Undoubtedly, there are both advantages and disadvantages to living with your folks, especially if you’re still studying and your university is close to home. If you’re considering living with mum and dad as an option, consider the following pros and cons first.

Reasons You Should Take a Gap Year Before Going to University

As your time at school or college comes to an end, one of the biggest decisions to make is whether you should head straight to university or take a gap year first. While there’s always the chance of going traveling after finishing your degree, there are several reasons why going before your studies start might actually be better.

Pre-uni gap years are so common now that universities are used to seeing them on student applications, so you don’t have to worry about it being viewed negatively. Deferring your entry to university also allows you to take a well-earned break and gain some invaluable life experience at the same time.

Tips for Dealing with Anxiety at University

Feeling overly worried or stressed out during university is exceptionally common. The uncertainty, the worries about constant deadlines and the pressure to maintain a good work/life balance can be a lot to contend with, but there are ways to help minimize your university anxiety. Here’s how.

10 of the Oldest Universities in the World

The ancient institutions that have stuck around are significant not only for their historic legacies, but also for proving their ability to adapt to modern contexts and remain relevant in a globalized world in spite of intense competition. Many of the oldest universities in the world are also among the most prestigious and popular, offering a rich mixture of historic heritage and contemporary outlook.

Six Things to Consider Before You Move to University

Moving to university for the first time this year? When you move out of home for the first time, there’s a lot to prepare, and even more to mull over. Here’s everything you shouldn’t forget to consider.

Resist the temptation to pack your entire room. Firstly, you never need as much as you think you do, and secondly, you’ll want to make the actual process of moving as painless as possible. Start with the following broad sections, and think carefully about anything extraneous:

Useful Tips for Finding Accommodation for Your Second Year at University

When you finish your first year at university, it’s hard not to get excited about the opportunities ahead of you in your second year. By far the highlight, for many students, is the fact you’ll no longer be living in student halls and will instead be moving in with some of your best friends. No more senior residents, no more living on campus, and no more being forced to live with people who you just haven’t managed to gel with.

Before moving in day though, there’s a lot to consider, not least who you’ll actually live with. Here are some tips to ensure your second year is as memorable as the first.

15 Healthy Mediterranean-Style Appetizer Recipes

Cuisines of the Mediterranean region are lauded around the world for their health benefits. Fortunately for those of us living outside of the region, most of these healthy eats can be recreated in our own kitchens, no matter where they originate from.

Following a Mediterranean-style diet is associated with a reduced risk of cancer, Parkinson’s and Alzheimer’s diseases, and death by heart disease, according to the Mayo Clinic. The health benefits are directly tied to the cuisine’s reliance on fresh produce, fish, whole grains, and healthy fats.

By incorporating Mediterranean dishes into your diet, you can begin to reap some of these benefits too.

We rounded up the best Mediterranean-style appetizers online to make the adjustment easier.

Whole Foods Says These 10 Trends Will Define Healthy Eating

Are you hoping to make 2018 your strongest and healthiest year yet? A new year brings new choices and new goals, with simple changes increasing your longevity more than you might expect!

Maybe no one understands that better than Whole Foods Market. Their global buyers and experts — which include brand evangelists, environmentalists, and workers across the food industry — just released their most anticipated food trends for 2018.

They’re giving us a roadmap to future wellness and personal growth, working to boost our nutritional intake and beat back the habits which don’t do so much for our health.

The Benefits of Healthy Habits

You know that healthy habits, such as eating well, exercising, and avoiding harmful substances, make sense, but did you ever stop to think about why you practice them? A healthy habit is any behavior that benefits your physical, mental, and emotional health. These habits improve your overall well-being and make you feel good.

Healthy habits are hard to develop and often require changing your mindset. But if you’re willing to make sacrifices to better your health, the impact can be far-reaching, regardless of your age, sex, or physical ability. Here are five benefits of a healthy lifestyle.

Safe medications for the mom-to-be

While some over-the-counter medicines can be taken safely during pregnancy, many others should be avoided. The same goes for prescription medicines. In this podcast, obstetrician-gynecologist Nancy Dickerson, MD, offers advice on using pain relievers, cold and flu medicines, some prescription medicines, vitamins and other remedies while you are pregnant. 

WELLESLEY COLLEGE CLASS OF 2022

The admissions figures are in the books for the Wellesley Class of 2022. In all, 6,670 students applied to the university that was a member of the original Seven Sisters colleges (along with Barnard, Bryn Mawr, Mount Holyoke, Smith, Radcliffe, and Vassar). This figure represents a 17% increase over the total number of applications to Wellesley’s Class of 2021. And the number of applications received for Wellesley’s Class of 2021 was a 17% jump from that same figure for the Class of 2022. Notice a trend? We do, we do! Of the 6,670 students who applied to Wellesley, one of the nation’s most elite liberal arts colleges and arguably the most prestigious all women’s college in the land, 19% earned admission. Wellesley’s Class of 2022 boasted the lowest admission rate in the school’s storied history, a history that includes Secretary of State Hillary Clinton and longtime ABC news anchor Diane Sawyer among many other women like some of our former students who’ve gone on to shape our
villages world.

THE CORE OBJECTIVE OF OUR COLLEGE ADMISSIONS BLOG

One of the core objectives of our college admissions blog is to keep folks involved in the college admissions process honest. At the very top of our blog is a quote, one from America’s oldest college newspaper — “The Dartmouth.” It reads: “Way to tell it like it is, Ivy Coach.” It is a quote that personifies not only the spirit of our college admissions blog but the spirit of our college consulting firm. There are dozens of articles each and every day on the highly selective college admissions process and so many of these articles contain inaccuracies, even fallacies. So many of these articles perpetuate commonly held misconceptions about the process, serving only to make the process more stressful for college applicants and their parents. The mission of our blog is to cut through this noise and speak the truth to our readers. And sometimes, yes, that means speaking truth to power by calling folks out. Speak an untruth about the college admissions process (or receive kudos for something we don’t believe is deserving of kudos) in your home and you won’t show up on our blog. Speak an untruth in major news publications and you bet we’ll offer a counterpoint.

EMORY UNIVERSITY CLASS OF 2022

Emory University’s admissions statistics for the Class of 2022 are in the books. In all, 27,982 students submitted applications to the Atlanta, Georgia-based university this year. This includes Early Decision I, Early Decision II, and Regular Decision applications. The figure, an all-time record, marks a 16% jump from the number of applications received for Emory’s Class of 2021. What a difference a year can make! Emory College offered admission to 5,103 students, which marks an 18.5% admit rate. An additional 4,144 students were offered admission to Oxford College. 58% of applicants chose to apply to both of Emory’s campus.

BOWDOIN COLLEGE CLASS OF 2022

It was a banner year for the Bowdoin College office of admissions. With an applicant pool that was 25% larger than the previous year, Bowdoin’s acceptance rate plummeted to the lowest in its history at 10.3%. In all, 9,081 students applied for admission to the liberal arts college in Maine in the hope of earning a slot in the Bowdoin College Class of 2022. This figure compares to 7,251 for the Class of 2021. Interestingly, the increase in applications was particularly dramatic among international applicants. So much for President Trump’s proposed travel bans discouraging international applicants from applying to America’s elite universities!

As reports Devin McKinney for “The Bowdoin Orient” in a piece about the Bowdoin incoming class, “The College also saw a significant increase in students utilizing fee waiver options, which it provides for low-income and first-generation college students. It also saw increases in students using an alternative application form, such as the Questbridge College Match Program and the Coalition Application, which also intend to make the college application process more accessible to students from low-income backgrounds…The diverse pool of admitted students represents all 50 states along with D.C., Puerto Rico, Guam, the Virgin Islands and 40 countries.”

It’s nice to see that a small liberal arts college was able to admit students from all 50 states. There are universities that are a whole lot bigger than Bowdoin that struggle to do so and instead admit students only from 48 or 49 states. It speaks to the outreach strategies of Bowdoin’s admissions office in underrepresented states. So while Bowdoin seems to be very proud of its increasing appeal to international applicants, we happen to believe they should be very proud of their appeal to students in South Dakota, Wyoming, Montana, and Idaho, too!

FIRST IN FAMILIES TO ATTEND COLLEGE

Students who will be the first in their families to attend college are among the most coveted groups in highly selective college admissions. But certainly this wasn’t always the case. In fact, just a few years ago, the Founder of Ivy Coach, Bev Taylor, appeared on “Huffington Post Live” and when the moderator asserted that our nation’s most elite schools aren’t exactly looking for low-income students, that they’re essentially only seeking out the privileged, she interjected and corrected his misconception. Highly selective colleges — including the most elite of elite universities — absolutely are seeking out students whose parents and grandparents never attended college. The Princetons and Harvards and Dartmouths of today are not the Princetons and Harvards and Dartmouths of yesterday — and that’s a great thing! These schools endeavor to serve as springboards to socioeconomic mobility in America. And what springboards they are!

There was a beautiful segment tonight on CBS’ “60 Minutes” that featured Bill and Melinda Gates as well as Princeton University’s president Christopher Eisgruber. The piece focused on a group of Gates Scholars who were able to attend college thanks to the generosity of The Gates Millennium Scholars Program, a program funded by The Bill & Melinda Gates Foundation. This group of students, largely low-income, underrepresented minority young people, received letters in the mail prior to attending college informing them that their college educations would be paid in full. Bill and Melinda Gates see these young people as our future. They see their scholars program as an opportunity to help foster an American meritocracy. And boy oh boy is their work incredible!

But the segment really got good when CBS’ Bill Whitaker interviewed Princeton’s president. The two combed through old Princeton yearbooks. In the older yearbooks, it was largely white, male face after white male face. And then as the years would tick on, there would occasionally be an African American face, a Native American face, even ultimately female faces. The transformation of the Princeton student body has been dramatic and it’s on full display in the school’s annual yearbooks. When Whitaker asked a group of first-generation, low-income Princeton students what they thought a Princeton student from many years ago would think of them, they pointed towards the future and indicated they hoped a class twenty years from now would be different from a class twenty years earlier.

COLLEGE ADMISSIONS AND FEDERAL ANTITRUST LAW

Over the years, a number of folks have proposed ways to try to fix what many deem a flawed college admissions system. Certainly the college admissions process in America isn’t perfect — far from it. Highly selective colleges discriminate against Asian American applicants. They admit the children and grandchildren of alumni (and particularly major alumni donors) at often absurd rates. They so often claim to be need-blind when debating a student’s case for admission yet the vast majority of college supplements — which admissions officers are privy to — ask if students need financial aid. There is hypocrisy in the college admissions process. There is discrimination. And there is some real unfairness — particularly, we’d argue, for children from middle-income families.

There’s an interesting piece by Jeffrey Selingo in “The Atlantic” entitled “The Best Ways to Fix College Admissions Are Probably Illegal” that we figured we’d share with our readers. In the piece, Selingo proposes a few ideas to improve the college admissions process, to make it more equitable for all. We happen to think his ideas aren’t particularly good at all and, as his title implies, they surely run afoul of federal antitrust law. Side note: hey, but that hasn’t stopped the CEO of the lowly Independent Educational Consultants Association, Mark Sklarow, from — we believe — openly violating federal antitrust law. As the United States Department of Justice investigates the prestigious National Association for College Admission Counseling (to which Ivy Coach is a member), we invite them to turn their attention to the CEO of the IECA’s public remarks that so brazenly, we believe, highlight his organization’s failed attempts to illicitly restrain trade. But how we digress…back we go to Selingo’s ideas for fixing the college admissions system.

Selingo writes, “Plenty of ideas to fix the system—to make it more bearable for students, parents, and even colleges themselves—have been floated in recent years, including restructuring the whole process to be a somewhat randomized lottery, or implementing a matching system akin to how medical-school graduates are placed in residencies. They are promising, but they have something problematic in common: In all likelihood, they’d be illegal.” They sure would be! The matching system used to pair medical school graduates with residency programs is exempt from federal antitrust law. This federal antitrust exemption was issued in 2004. Colleges are not exempt from federal antitrust law. At the end of the day, colleges are businesses. They cannot price fix. They cannot share information on students so as to facilitate price fixing. In short, they cannot team up. So, yes, a matching system is out.

And a randomized lottery in which each college picks qualified students from a hat? Hey, let’s let Selingo shoot down his own idea. As he correctly writes, “A lottery system would also, in all likelihood, not pass muster with the Department of Justice, which enforces antitrust law, because depending on how it was administered, it likely would require colleges to share information about applicants with each other.” It’s also just plain silly, irrespective of federal antitrust law. The American Dream wasn’t built on a lottery. Our nation is a meritocracy. Merit is by no means random.

Have a proposal of your own to improve the college admissions system as we know it? Share your thoughts, your ideas, and what you ate for breakfast by posting a Comment below. We look forward to hearing from you!

SPORTS BORE COLLEGE ADMISSIONS OFFICERS

Does playing a sport or multiple sports at the varsity level in high school improve a student’s case for admission to a highly selective college? In short, unless that student is being recruited for any one of those sports, the answer — to the tune of the late Amy Winehouse — is no, no, no. Cue the parent who then says, “But that doesn’t make sense. Colleges love to see leadership. My daughter has competed in these sports all through high school. She’s worked hard. She’s demonstrated commitment. Colleges will love that.” As the parent keeps defending the benefits of her daughter’s participation in sports, we often note that their voice becomes a little less confident. Sometimes that last bit (“Colleges will love that.”) sounds more like a question than a statement. And it’s because these parents are realizing what we’ve been saying for many years which is that unless a student can help a college’s athletic team, participation in any sport will not help their case for admission to a highly selective college.

As our regular readers know all too well, out nation’s most elite universities do not seek out well-rounded students. They don’t want kids who are captains of multiple varsity teams but not strong enough at any one sport to help any one team at their university. Remember Malcolm Gladwell’s bestselling “Outliers: The Story of Success”? There’s a quote from Malcolm on Ivy Coach’s homepage for a reason. It reads, “Ten thousand hours is the magic number of greatness…you need to have practiced, to have apprenticed, for 10,000 hours before you get good.” Malcolm knows what he’s talking about. We’ve told him as much. He often sips coffee next to us when we write our college admissions blog at a West Village coffee shop. Competing in three sports makes it difficult to excel in any one of those sports. Are there exceptions? Sure, Bo Jackson competed at the highest level in baseball and football. Deion Sanders did, too. Tracy McGrady gave baseball a shot after his Hall of Fame NBA career. Nate Robinson tried football after his NBA days. Back in the day, Danny Ainge was drafted by a MLB team but chose to compete in the NBA. These, however, are exceptions — not to be confused with the rule.

MISCONCEPTIONS ABOUT COLLEGE WAITLISTS

Are college waitlists simply marketing tools of elite universities? Ryan Craig argues as much in a piece today for “Forbes” entitled “The Real Cruelty of College Admissions.” In fact, Mr. Craig writes, “The more elite the school, the less likely it is that a waitlist is anything other than a powerful branding tool, demonstrating the university’s strong appeal to thousands of expectant families each year.” Mr. Craig, of course, is not correct. Instead, he’s perpetuating a misconception about the highly selective college admissions process that only ends up making the process more stressful for students and their parents navigating its churning waters. We’ve got a very long line of students over the years who would raise their hands to object to Mr. Craig’s characterization of college waitlists as mere branding tools. And why? Because these students earned their way off these college waitlists. After being placed in college admissions limbo, they took the correct proactive action and earned admission to their dream schools. How could Mr. Craig tell these students that college waitlists are merely branding tools?

It’s always important to keep in mind that colleges are businesses and, as such, they have every right to admit, deny, and waitlist as many students as they see fit. If a college chooses to maintain a waitlist of several hundred students, maybe it’s because they’re worried a high percentage of admitted students will choose not to matriculate. When so many students are applying for slots at their university, they’re in a position in which they shouldn’t have to worry if they can fill their class — thanks to the waitlist.

And what’s wrong with keeping a long waitlist? If a student doesn’t wish to stay on a waitlist, he or she has that right. That student can decline the option of being on the waitlist. It’s very much like when you go to a fancy restaurant. Maybe there’s a long line outside Barbuto in New York’s posh West Village. But you really want their roast chicken. The restaurant doesn’t take reservations. So you can either choose to tell the host or hostess that you wish to wait or you can choose not to — the option is yours and yours alone. But Barbuto shouldn’t be faulted for keeping a waitlist of interested customers. And, yes, that long line out the door is indeed good for business. Is it unethical for Barbuto to keep a long waitlist? No. As long as customers aren’t promised that they’ll be able to get a table, customers choose to remain on that waitlist at their discretion. The same is true of college waitlists.

Colleges are like restaurants. At the end of the day, they’re all businesses. To fault a business for attracting so much business is, well, worthy of inclusion on Anderson Cooper’s “RidicuList.”