Answers - Insurance

If you're part of a large family or you have a lot of dependents, life insurance should be hig

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

h up on your list of essential insurance products. A comprehensive life insurance policy can e

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

nsure that your family, and any other dependents you might have, will be safely provided for i

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

n the event of your death. However, people's attitudes towards life insurance are often casual

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

, and many people who should have life insurance often don't have adequate cover - a fact that

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

is made very clear by a recent survey undertaken by US firm COUNTRY Insurance and Financial Se

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

rvices.

The research carried out by COUNTRY surveyed 3000 Americans and found that,

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

while 76 per cent of women rated life insurance as very or somewhat important, only 14 per ce

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

nt of women claimed to have life insurance coverage for three years of their current income. C

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

onversely, only 69 per cent of men claimed to rate life insurance as very or somewhat importan

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

.

The COUNTRY survey also found that, while almost three quarters (or 73 per cent)

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

of Americans found life insurance to be a very or somewhat important investment, around 30 per

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

cent do not possess life insurance. What's more, 69 per cent of those surveyed believed that

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

both parents should have life insurance in a home where one parent works and one stays at home

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

- but only seven per cent claimed that to be the case in their own household.

Kei

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

h Brannan, director of financial security at COUNTRY, commented:

"The good news is

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

Americans recognise that life insurance is important. However, it is troubling that women cont

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

inue to be underinsured despite their contribution to their families, whether they are breadwi

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

nners or stay at home parents."

He added, "Men and women, equally, should take step

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

s to ensure they can preserve their families' financial security in case of unforeseen events.

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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In a constant effort to do more with less, our world seems to become more frenzied every day. Security issues and national politics change rapidly. We have to know more, be more, and do more than ever before. There seems to be no time for planning future personal or career moves, or thinking creatively about business issues.

The opportunity to go to college is a possibility to some and almost a state of hopelessness for others. However, there is a chance to consolidate your loans. When you consolidate you bring your loans together under one monthly payment to ease your repayment plans.

Most landlords have insurance on the property they rent, but the people who are renting can and probably should have renter's insurance to protect their property. This type of insurance covers items that are inside a rented property. In simple terms, while the landlord may have insurance for damages to his building, he or she probably does not have coverage for the valuables you have in your rental unit. In the event something happened to the landlord's building and you were displaced for a time, the renter's insurance would also pay for your stay. This type of insurance is also very handy for tenant liability problems. If the tenant is supposed to maintain the property but does not and someone is injured on the premises, it is the tenant and not the landlord who may be liable for this problem. If the renter had insurance, the claim would be covered as long as the tenant is the one responsible for maintaining the area.

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Answers - US Study Finds That Women Have Less Life Insurance Coverage Than Men

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