by Travis Morgan
Nationwide is a pretty popular car insurance company. They handle all kinds of insurance from financial to automotive. No matter what your needs are, "Nationwide is on your side."
Nationwide was founded in 1925 in Ohio. The Ohio Farm Bureau Federation incorporated the Farm Bureau Automobile Insurance Company to give farmers low car insurance rates in their rural areas. In 1928, it began to expand to other states around Ohio to increase business. Then in 1934, they began to insure people in urban areas and also started writing property insurance policies. The company started to come to life.
By 1955, the company became enormous and because they no longer insured just farmers anymore, they changed their name from the Farm Bureau Mutual to Nationwide Insurance Company. Nationwide's financial coverage became public in 1996, and in 2007, Nationwide opened banking to the public for the first time.
Some details to know about Nationwide:
* Nationwide is the 6th largest auto insurer in the nation. * It is the 4th largest homeowner insurer in the nation. * Nationwide is the 10th largest commercial insurer. * 6th largest property and casualty insurer. * #1 provider of defined contribution plans. * #6 provider of life insurance. * #13 writer of individual annuities. * #18 U.S. life insurer based on premium. * #15 U.S. life insurer based on admitted assets. * And is ranked #104 on the Fortune 500.
Nationwide offers low rates and is a high competitor with other car insurance providers such as Progressive and Allstate. Nationwide is a good choice when it comes to banking and any kind of insurance. If you end up deciding to choose Nationwide, I doubt you will be disappointed. It is widely known for its great customer satisfaction and wide range of insurance coverage policies. But, before you decide on Nationwide, take a look at other companies like Esurance and AAA.
Many other companies provide basic coverage for any type of insurance. Remember, choose your insurance wisely because whatever company you decide to join will be the company helping you in an emergency that costs thousands of dollars.
www.typesofcarinsurance.com
Friday, September 28, 2007
Wednesday, September 26, 2007
Life Insurance Quandary
by Donald Lusan
We all know that at some point in our lives the prudent thing to do is to buy some life insurance. Some people have definite ideas as to the type and amount necessary to fulfill their needs. Others find themselves in a decision making dilemma. These people don't know how much to buy or what type...
You may say the easiest way to go is to ask a life insurance agent. If you know a reputable one that sells for a highly rated company then go for it. If you don't then here are some guidelines that you may find useful.
Single Persons Insurance Needs
If you are single then the amount of life insurance needed is whatever it will cost to pay off your last expenses including funeral costs. I refer to things like paying off outstanding debt that may leave a loved one holding the bag. Attorneys fees and estate taxes should also be included.
Needs Of A Married Person With Children
A married persons needs are a different matter, especially if there are children involved. Both parents work, more often than not, in todays world. Both help with the maintenance of the household. If either parent dies serious financial problems could come into play. Regardless of whether or not the income is coming in the bills have to be met. The rent or mortgage has to be paid, the survivors have to eat and they also have to wear clothes. They will continue needing a car as well as sufficient funds to pay utility bills.
Every child today is involved in something. It could be some kind of sport or other extra curricular activities. All these things cost money.
What you need to think about is that the cost of living, for a particular household, is not going to change very much because one of the breadwinners is no longer there...unless that person is very extravagant. If it costs $50,000 to live now, for example it will cost close to that amount after a spouse dies. We should therefore purchase sufficient life insurance to assure the continuation of that persons income after death.
Now, what type of life insurance should we buy. Term life insurance is a favored choice but there are many term plans to choose from. Here is what you do. Decide how long a period you will need the policy for and buy a level term policy that will fit that tome period.
Your youngest child is age 12. S/he is expected to graduate by age 18 but you also have to figure in 4 years of college. You therefore need to buy a policy that would provide sufficient income until this child is age 22. You also should add an amount which would cover the college costs for all the children if you died. The same consideration goes for your spouse. A 10 year or 15 year term policy would take care of this situation.
You may also want to consider providing the life insurance coverage for a longer period of time so that tour spouse is also taken care of. In this case you may want to purchase a 30 year term policy. You can convert it to a permanent plan within a specific period of years, depending on the company you are dealing. On the other hand, you may choose to buy a permanent policy like whole life, universal life, variable universal life or variable life policy which will give you the coverage from the outset and continue for a longer period.
www.lifeinsurancehub.net
We all know that at some point in our lives the prudent thing to do is to buy some life insurance. Some people have definite ideas as to the type and amount necessary to fulfill their needs. Others find themselves in a decision making dilemma. These people don't know how much to buy or what type...
You may say the easiest way to go is to ask a life insurance agent. If you know a reputable one that sells for a highly rated company then go for it. If you don't then here are some guidelines that you may find useful.
Single Persons Insurance Needs
If you are single then the amount of life insurance needed is whatever it will cost to pay off your last expenses including funeral costs. I refer to things like paying off outstanding debt that may leave a loved one holding the bag. Attorneys fees and estate taxes should also be included.
Needs Of A Married Person With Children
A married persons needs are a different matter, especially if there are children involved. Both parents work, more often than not, in todays world. Both help with the maintenance of the household. If either parent dies serious financial problems could come into play. Regardless of whether or not the income is coming in the bills have to be met. The rent or mortgage has to be paid, the survivors have to eat and they also have to wear clothes. They will continue needing a car as well as sufficient funds to pay utility bills.
Every child today is involved in something. It could be some kind of sport or other extra curricular activities. All these things cost money.
What you need to think about is that the cost of living, for a particular household, is not going to change very much because one of the breadwinners is no longer there...unless that person is very extravagant. If it costs $50,000 to live now, for example it will cost close to that amount after a spouse dies. We should therefore purchase sufficient life insurance to assure the continuation of that persons income after death.
Now, what type of life insurance should we buy. Term life insurance is a favored choice but there are many term plans to choose from. Here is what you do. Decide how long a period you will need the policy for and buy a level term policy that will fit that tome period.
Your youngest child is age 12. S/he is expected to graduate by age 18 but you also have to figure in 4 years of college. You therefore need to buy a policy that would provide sufficient income until this child is age 22. You also should add an amount which would cover the college costs for all the children if you died. The same consideration goes for your spouse. A 10 year or 15 year term policy would take care of this situation.
You may also want to consider providing the life insurance coverage for a longer period of time so that tour spouse is also taken care of. In this case you may want to purchase a 30 year term policy. You can convert it to a permanent plan within a specific period of years, depending on the company you are dealing. On the other hand, you may choose to buy a permanent policy like whole life, universal life, variable universal life or variable life policy which will give you the coverage from the outset and continue for a longer period.
www.lifeinsurancehub.net
Tuesday, September 25, 2007
Importance of Medical Insurance Plans
by Shijina
Medical insurance constitutes more important place in the human health. Medical health insurance is also the other kind of insurance provided to the individual or groups or family. Medical insurance is provided to the individual or group to protect them against any accidents or health defects using the insurance policy taken. Medical insurance policy is provided by more number of insurance companies for different policy amount required for the insurer. Medical insurance policy is the kind of insurance policy was the insurance company pays the insured person the medical cost incurred during the course or period of the policy.
Actually, the insured is required to pay off policy amount in the way of premiums for stimulated period determined by the insurer and the insurance company. Medical insurance plans compiles with all statutes, rules and regulations of the state and federal government with regards to medical insurance. Medical insurance plans offers wide offer to the individuals or groups with innovative and speculative options. More benefits can be obtained from this kind of insurances and affordable coverage health individual insurance is provided for the customers.
Some of the advantage hired from medical insurance are
* Individual medical insurance plan protects the individuals against the medical cost incurred during the course of accidents.
* Affordable health insurance plan enables the patients or person to obtain the medical treatment when they requires.
* Though the insurer does not pay the full insured amount, the medical insurance company will pay the medical cost to the insurer at the time of accidents or illness.
* Insurance policy is kind of financial instrument which can be used during medical treatment.
* Medical health insurance policy reduces the financial burden of insurer and helps to reduce their payments to the healthcare centers.
* Medical insurance plans are always estimated has profit for the insurer and it also provides interest rate for the sum insured.
* When payment of premiums and period of medical insurance policy is completed, the insurance company will pay off the insured amount to the insurer without any fraud.
Nowadays world is full of uncertainties and lots of risk is to be undergone by the people during their course of activity. So to come up with the uncertainties and risk, different kinds of medical insurance plans has been estimated different insurance company. Generally, medical insurance policy covers the cost incurred due to accidents or illness for the insurer.
www.forhealthplans.com
Medical insurance constitutes more important place in the human health. Medical health insurance is also the other kind of insurance provided to the individual or groups or family. Medical insurance is provided to the individual or group to protect them against any accidents or health defects using the insurance policy taken. Medical insurance policy is provided by more number of insurance companies for different policy amount required for the insurer. Medical insurance policy is the kind of insurance policy was the insurance company pays the insured person the medical cost incurred during the course or period of the policy.
Actually, the insured is required to pay off policy amount in the way of premiums for stimulated period determined by the insurer and the insurance company. Medical insurance plans compiles with all statutes, rules and regulations of the state and federal government with regards to medical insurance. Medical insurance plans offers wide offer to the individuals or groups with innovative and speculative options. More benefits can be obtained from this kind of insurances and affordable coverage health individual insurance is provided for the customers.
Some of the advantage hired from medical insurance are
* Individual medical insurance plan protects the individuals against the medical cost incurred during the course of accidents.
* Affordable health insurance plan enables the patients or person to obtain the medical treatment when they requires.
* Though the insurer does not pay the full insured amount, the medical insurance company will pay the medical cost to the insurer at the time of accidents or illness.
* Insurance policy is kind of financial instrument which can be used during medical treatment.
* Medical health insurance policy reduces the financial burden of insurer and helps to reduce their payments to the healthcare centers.
* Medical insurance plans are always estimated has profit for the insurer and it also provides interest rate for the sum insured.
* When payment of premiums and period of medical insurance policy is completed, the insurance company will pay off the insured amount to the insurer without any fraud.
Nowadays world is full of uncertainties and lots of risk is to be undergone by the people during their course of activity. So to come up with the uncertainties and risk, different kinds of medical insurance plans has been estimated different insurance company. Generally, medical insurance policy covers the cost incurred due to accidents or illness for the insurer.
www.forhealthplans.com
Get rid of expensive premiums with life settlement insight
by William Regal
Everybody dreams of a secure future thus, people buy insurance and other security cum investment policies to secure their financial aspect. Conventionally, life insurance policies are long-term investments that benefit policy holder after a certain period of time or in case of any predefined condition. As far as life settlement policies are concerned, by some means it is combination of long term plus instant recovery benefits as a policy holder can sell it whenever he want, conversely a normal life insurance policy has no proclamation like transfer of ownership. Life settlement policies are the most preferred choice of observant people who think it an excellent way to secure their old age as they possess life settlement insight. To avoid risk factor of financial proceedings it is must to have life settlement insight if one is going to buy a life settlement policy.
As the money market is full of uncertainties one can never be sure what can happen to his investments therefore keeping a safe side is always advisable. Life settlement policies feature that safe side as it includes proclamation like sale of policy to third party. Life settlement insight helps you in selecting the most beneficial scheme as well as better selling opportunities. Life settlement is a kind of financial transaction in which a policy holder gets opportunity to sell the unwanted policy. In this transaction the third party is an investor who is purchasing policy with an intention to receive the amount of policy at the time of closing. Till the time of closing he will be liable to pay all remaining premiums and interests of the policy.
Life settlement insight enables the policy holder to decide over the issue of unwanted policy as it helps in determining whether the policy is still useful or not. In case you find that premiums of the policy are becoming unaffordable then it is better to sell the policy as it will provide you instant money. There are so many reasons behind consideration of life settlement policy transfer but whatever the reason is, only life settlement insight can make you decision beneficial. The biggest contribution of life settlement in improving efficiency of such policies is that it has opened a secondary market so that the policy holders may get the fair value of their policy. Definitely, this secondary market is for investors who purchase existing policies.
From investor's point of view life settlement insight is essential as he will be able to outcrop the intensity of gain. With a better insight an investor can avoid buying useless and low profit policies and can get the best deal by buying a valuable policy. If you are a policy owner or an investor and planning to transfer or own a life settlement policy then you can also take help from financial advisors. Financial advisors enable you in developing a better life settlement insight as they own expertise in financial matters. Although life settlement policy is advantageous from every aspect but policy and investment is a subject to risk hence one should have a life settlement insight to evaluate every perspective of the deal.
www.mylifesettlementbroker.com
Everybody dreams of a secure future thus, people buy insurance and other security cum investment policies to secure their financial aspect. Conventionally, life insurance policies are long-term investments that benefit policy holder after a certain period of time or in case of any predefined condition. As far as life settlement policies are concerned, by some means it is combination of long term plus instant recovery benefits as a policy holder can sell it whenever he want, conversely a normal life insurance policy has no proclamation like transfer of ownership. Life settlement policies are the most preferred choice of observant people who think it an excellent way to secure their old age as they possess life settlement insight. To avoid risk factor of financial proceedings it is must to have life settlement insight if one is going to buy a life settlement policy.
As the money market is full of uncertainties one can never be sure what can happen to his investments therefore keeping a safe side is always advisable. Life settlement policies feature that safe side as it includes proclamation like sale of policy to third party. Life settlement insight helps you in selecting the most beneficial scheme as well as better selling opportunities. Life settlement is a kind of financial transaction in which a policy holder gets opportunity to sell the unwanted policy. In this transaction the third party is an investor who is purchasing policy with an intention to receive the amount of policy at the time of closing. Till the time of closing he will be liable to pay all remaining premiums and interests of the policy.
Life settlement insight enables the policy holder to decide over the issue of unwanted policy as it helps in determining whether the policy is still useful or not. In case you find that premiums of the policy are becoming unaffordable then it is better to sell the policy as it will provide you instant money. There are so many reasons behind consideration of life settlement policy transfer but whatever the reason is, only life settlement insight can make you decision beneficial. The biggest contribution of life settlement in improving efficiency of such policies is that it has opened a secondary market so that the policy holders may get the fair value of their policy. Definitely, this secondary market is for investors who purchase existing policies.
From investor's point of view life settlement insight is essential as he will be able to outcrop the intensity of gain. With a better insight an investor can avoid buying useless and low profit policies and can get the best deal by buying a valuable policy. If you are a policy owner or an investor and planning to transfer or own a life settlement policy then you can also take help from financial advisors. Financial advisors enable you in developing a better life settlement insight as they own expertise in financial matters. Although life settlement policy is advantageous from every aspect but policy and investment is a subject to risk hence one should have a life settlement insight to evaluate every perspective of the deal.
www.mylifesettlementbroker.com
Sunday, September 23, 2007
Life Insurance: Because Your Life Is Just Too Precious
by Allan Elvin
Life is an uncertain affair. And the fact is your life influences the lives of many others. So, it is good to ensure that the lives of those dependent on you should not be affected - at least at the monetary front - after your departure.
Life Insurance is a policy that covers your life, which means that your family or nominee is eligible for a lump sum of payment after your death. Life insurance may be accompanied with a related insurance cover such as critical illness coverage.
There are two common forms of life insurance policy available with the insurers: Whole Life Policy incurs more cost upon you as compared to a term policy. Whole life policy is also of two types: The 'limited premium' requires you to pay for a fixed number of years and the coverage can be for a lifetime; the second one involves paying premium till a certain age. This could stretch up to 85 years of age or more.
Most term life insurance premiums are based on age. Term policy is perhaps a better idea to cover life and total permanent disability for those willing to invest. But then, whole life policy has its own set of advantages and it is advisable to have one.
In the end, however, what kind of insurance you would like to go for depends on your budget and your calculation for the future. And since there are different forms of insurance policies in the market with new customized ones coming up every other day, it is advisable to seek the advice of an experienced financial advisor to help you make a sound financial decision. This includes choosing the Life Insurance policy most suitable to you, with a company that can serve your interests the best way. After all, buying a life insurance policy is your way of caring for your family, even after death.
http://www.goarticles.com/cgi-bin/showa.cgi?C=622390
Life is an uncertain affair. And the fact is your life influences the lives of many others. So, it is good to ensure that the lives of those dependent on you should not be affected - at least at the monetary front - after your departure.
Life Insurance is a policy that covers your life, which means that your family or nominee is eligible for a lump sum of payment after your death. Life insurance may be accompanied with a related insurance cover such as critical illness coverage.
There are two common forms of life insurance policy available with the insurers: Whole Life Policy incurs more cost upon you as compared to a term policy. Whole life policy is also of two types: The 'limited premium' requires you to pay for a fixed number of years and the coverage can be for a lifetime; the second one involves paying premium till a certain age. This could stretch up to 85 years of age or more.
Most term life insurance premiums are based on age. Term policy is perhaps a better idea to cover life and total permanent disability for those willing to invest. But then, whole life policy has its own set of advantages and it is advisable to have one.
In the end, however, what kind of insurance you would like to go for depends on your budget and your calculation for the future. And since there are different forms of insurance policies in the market with new customized ones coming up every other day, it is advisable to seek the advice of an experienced financial advisor to help you make a sound financial decision. This includes choosing the Life Insurance policy most suitable to you, with a company that can serve your interests the best way. After all, buying a life insurance policy is your way of caring for your family, even after death.
http://www.goarticles.com/cgi-bin/showa.cgi?C=622390
Friday, September 21, 2007
Life settlement agent makes life easy
by William Regal
Life settlement schemes and programs are gaining popularity day by day by loan seekers, insurance agents, financial planners, estate planners, elder law attorneys, and other financial professionals. It is a quick way to receive money after selling an under performing or a costly life insurance policy through a life settlement agent. One gets confuse while selling a life insurance policy because of lack of knowledge on life settlement agent. However, with the insurance industry's evolution, finding a life settlement agent has become easier.
A life settlement agent can assist with various tools like marketing, educational and evaluation materials. In fact, a good life settlement agent is one with appropriate knowledge on the life settlement product. As one is aware, that each life settlement case is looked differently and the factors that are considered during the sale depend on the age and health of an insured person. The amount of loan is also determined on various factors, such as policy size, premium amount, and current cash value, if any. A life settlement agent provides help in getting these formalities done perfectly. However, life settlement agent will further procure some qualification or evaluation forms that will actually determine if a settlement would be available for that specific individual or not.
Though it is also true, that life settlements being a new concept is not understood well by some of the professionals, hence, it is important for these professionals to take the time to learn about life settlements so that in return they can relay this information to their clients. In fact, many policy owners do not understand the intricacies involved and this can further make things difficult and impossible. Some of them are also not aware of the fact that there could be a cash settlement available for a life insurance policy that they are surrendering or is going to lapse. Hence, it is equally important for the policy holders to get as detailed information as they can through online or their life settlement agents. One can say that it is a responsibility of a life settlement agent to take the correct marketing and education steps to reach those in need. A life settlement agent can thus create added financial benefits for both the client and the financial professional.
In fact, a life settlement agent can also create effective methods of marketing life settlements in a form of presentations, seminars, and client newsletters. Well, it has been noticed that there has also been increase with direct mailing either a client base or demographic base fitting the life settlement parameters. A life settlement agent can be hired from any of the leading insurance companies or brokerage firms. Hence, it is additionally advisable to check the credentials of a firm from where life settlement agent is being hired and an open discussion should be held on the benefits and drawbacks of the formalities. After all, it is your life that you are exchanging to get a hassle free life. However, with the help of a life settlement agent, it becomes easy to live.
http://www.goarticles.com/cgi-bin/showa.cgi?C=622260
Life settlement schemes and programs are gaining popularity day by day by loan seekers, insurance agents, financial planners, estate planners, elder law attorneys, and other financial professionals. It is a quick way to receive money after selling an under performing or a costly life insurance policy through a life settlement agent. One gets confuse while selling a life insurance policy because of lack of knowledge on life settlement agent. However, with the insurance industry's evolution, finding a life settlement agent has become easier.
A life settlement agent can assist with various tools like marketing, educational and evaluation materials. In fact, a good life settlement agent is one with appropriate knowledge on the life settlement product. As one is aware, that each life settlement case is looked differently and the factors that are considered during the sale depend on the age and health of an insured person. The amount of loan is also determined on various factors, such as policy size, premium amount, and current cash value, if any. A life settlement agent provides help in getting these formalities done perfectly. However, life settlement agent will further procure some qualification or evaluation forms that will actually determine if a settlement would be available for that specific individual or not.
Though it is also true, that life settlements being a new concept is not understood well by some of the professionals, hence, it is important for these professionals to take the time to learn about life settlements so that in return they can relay this information to their clients. In fact, many policy owners do not understand the intricacies involved and this can further make things difficult and impossible. Some of them are also not aware of the fact that there could be a cash settlement available for a life insurance policy that they are surrendering or is going to lapse. Hence, it is equally important for the policy holders to get as detailed information as they can through online or their life settlement agents. One can say that it is a responsibility of a life settlement agent to take the correct marketing and education steps to reach those in need. A life settlement agent can thus create added financial benefits for both the client and the financial professional.
In fact, a life settlement agent can also create effective methods of marketing life settlements in a form of presentations, seminars, and client newsletters. Well, it has been noticed that there has also been increase with direct mailing either a client base or demographic base fitting the life settlement parameters. A life settlement agent can be hired from any of the leading insurance companies or brokerage firms. Hence, it is additionally advisable to check the credentials of a firm from where life settlement agent is being hired and an open discussion should be held on the benefits and drawbacks of the formalities. After all, it is your life that you are exchanging to get a hassle free life. However, with the help of a life settlement agent, it becomes easy to live.
http://www.goarticles.com/cgi-bin/showa.cgi?C=622260
Thursday, September 20, 2007
A one stop guide to individual heath insurance
by samrosy
The health care industry is becoming costly for the common man in the recent days. With health care costs increasing with the advent of modern life saving technology and medicine, it is getting expensive to obtain health care if you become sick. People who are not covered under health insurance rely on improper health care lattices for taking care of their health. Still, the growing percentage of the uninsured population, the slowly waning financial aid for sponsored care providers, and the enhanced contest for Medicaid are posing to disturb this safety lattice. Consequently possessing a health insurance policy has become an absolute need.
Before making any genuine purchase of individual health insurance, the most crucial step that you must take is to estimate your concrete requirements. Your decision to buy a plan should not be based solely by the amount that can be afforded to pay as premiums. An easy means of calculating approximately the current outlay entails taking into account the amount of money needed to save for future expenditure, and not just your everyday expense. The health insurance policy comprises of a complete package of reimbursements for medicines, medical examinations and health services. There are several forms of individual health insurance plans available in the market today, so have your pick on the type insurance you need prior to start worrying about the amount it's going to cost you.
Individual health insurance can be acquired privately by those who are unable to get this type of health coverage anywhere else. Because the cost of visiting the health care centre is too high, it's difficult for someone to go without coverage of a certain type. There are a number of companies that help you find an individual health insurance plan which facilitates you to continue within your financial necessities and meet up all your health care wants as well. They will seize the hassle from locating an appropriate health insurance plan. Always ask insurance lender the amount of premium charged, what is the deductible, the yearly limit of coverage and their policies on pre-existing situations. It is much convenient to be prepared with all this information, before you hunt for a coverage and find out what they do not have it. Go in educated, meet the advisors and insist on straightforward answers.
There are three main classifications of individual health insurance. The first is the indemnity insurance designed to meet unexpected medical expenditure policies which will seldom include routine medical bills. The second one is referred to as managed care and the best recognized example of this is the Health Maintenance Organization. These functions within a managed care organization and the insurance company handles all of the payment of bills and the paperwork. In this case the policyholder has less preference over where and from whom he obtains treatment. The last is the PPO which is in essence a mix between indemnity and managed care.
www.goodhealthquotes.com
The health care industry is becoming costly for the common man in the recent days. With health care costs increasing with the advent of modern life saving technology and medicine, it is getting expensive to obtain health care if you become sick. People who are not covered under health insurance rely on improper health care lattices for taking care of their health. Still, the growing percentage of the uninsured population, the slowly waning financial aid for sponsored care providers, and the enhanced contest for Medicaid are posing to disturb this safety lattice. Consequently possessing a health insurance policy has become an absolute need.
Before making any genuine purchase of individual health insurance, the most crucial step that you must take is to estimate your concrete requirements. Your decision to buy a plan should not be based solely by the amount that can be afforded to pay as premiums. An easy means of calculating approximately the current outlay entails taking into account the amount of money needed to save for future expenditure, and not just your everyday expense. The health insurance policy comprises of a complete package of reimbursements for medicines, medical examinations and health services. There are several forms of individual health insurance plans available in the market today, so have your pick on the type insurance you need prior to start worrying about the amount it's going to cost you.
Individual health insurance can be acquired privately by those who are unable to get this type of health coverage anywhere else. Because the cost of visiting the health care centre is too high, it's difficult for someone to go without coverage of a certain type. There are a number of companies that help you find an individual health insurance plan which facilitates you to continue within your financial necessities and meet up all your health care wants as well. They will seize the hassle from locating an appropriate health insurance plan. Always ask insurance lender the amount of premium charged, what is the deductible, the yearly limit of coverage and their policies on pre-existing situations. It is much convenient to be prepared with all this information, before you hunt for a coverage and find out what they do not have it. Go in educated, meet the advisors and insist on straightforward answers.
There are three main classifications of individual health insurance. The first is the indemnity insurance designed to meet unexpected medical expenditure policies which will seldom include routine medical bills. The second one is referred to as managed care and the best recognized example of this is the Health Maintenance Organization. These functions within a managed care organization and the insurance company handles all of the payment of bills and the paperwork. In this case the policyholder has less preference over where and from whom he obtains treatment. The last is the PPO which is in essence a mix between indemnity and managed care.
www.goodhealthquotes.com
Wednesday, September 19, 2007
Life Insurance: Security At Its Very Best
by Allan Elvin
One of the hazards of modern day life is the fact that it has become extremely uncertain. The statistics also attest this fact. The rate of road accidents in the UK has increased manifold in the last ten years. What is even scarier is the fact that most of these accidents have proved to be fatal. It is not difficult to understand why. Life today is being lived at a very furious pace, and in the eagerness to reach places quickly, one often overlooks traffic signals with disastrous consequences.
Another thing that is synonymous with today's world is the continuous rising expenses in life. Indeed, it is a tough task keeping the body and soul together in today's age. Particularly, for the middle class who have to live strictly within their budget. Any sudden and unexpected expense can really send their lives out of gear. In this scenario, imagine the plight of a family whose only working member faces sudden demise. However, this critical situation can very well be taken care of, at least financially, had one opted for life insurance.
Life insurance, on the demise of a person, provides his family with the amount of the policy, thereby relieving them from financial worries. However, to gain maximum from life insurance, it is mandatory that people pay a good deal of attention while signing the policy. Certain points can be termed as absolutely important, and therefore must be verified.
Such points include information like whether the policy comes to life as soon as it is signed and what the amount is that one has to pay as monthly premium. One should also ensure that no false information is provided to the insurance company, for it might lead to the cancellation of the policy. If such precautions are taken, there cannot be an iota of doubt in the fact that opting for Life Insurance will prove to be a very worthy decision for any individual.
http://www.goarticles.com/cgi-bin/showa.cgi?C=619879
One of the hazards of modern day life is the fact that it has become extremely uncertain. The statistics also attest this fact. The rate of road accidents in the UK has increased manifold in the last ten years. What is even scarier is the fact that most of these accidents have proved to be fatal. It is not difficult to understand why. Life today is being lived at a very furious pace, and in the eagerness to reach places quickly, one often overlooks traffic signals with disastrous consequences.
Another thing that is synonymous with today's world is the continuous rising expenses in life. Indeed, it is a tough task keeping the body and soul together in today's age. Particularly, for the middle class who have to live strictly within their budget. Any sudden and unexpected expense can really send their lives out of gear. In this scenario, imagine the plight of a family whose only working member faces sudden demise. However, this critical situation can very well be taken care of, at least financially, had one opted for life insurance.
Life insurance, on the demise of a person, provides his family with the amount of the policy, thereby relieving them from financial worries. However, to gain maximum from life insurance, it is mandatory that people pay a good deal of attention while signing the policy. Certain points can be termed as absolutely important, and therefore must be verified.
Such points include information like whether the policy comes to life as soon as it is signed and what the amount is that one has to pay as monthly premium. One should also ensure that no false information is provided to the insurance company, for it might lead to the cancellation of the policy. If such precautions are taken, there cannot be an iota of doubt in the fact that opting for Life Insurance will prove to be a very worthy decision for any individual.
http://www.goarticles.com/cgi-bin/showa.cgi?C=619879
Tuesday, September 18, 2007
Regulation of term life insurance
by Luke Ashworth
Insurance is there to meet the unexpected. To help us get through that bad spell or to recovery from an adverse event. What could be worse than to have a loved one die. No amount of life insurance will replace a loved one in your heart but it can help with the financial difficulties that may also be caused by a early death.
Life insurance is not compulsory in the UK although many people think it is essential. It is estimated that about half the UK population are covered in some way by life insurance. It is certainly true to say that many families and dependents have benefited because a term life policy had been taken out and was there when it was needed.
With insurance we purchase a policy documents which is basically a promise to pay if a certain event occurs. We are not all experts on insurance and so we need laws and regulations to protect us when we purchase insurance. That protection is now offered through the Financial Services and Markets Act 2000 and the work done by the Financial Services Authority (FSA), the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). All of these three organisations work together to help give you peace of mind.
Firstly the FSA have to authorise those who provide financial services and either arrange, sell or provide insurance policies. The names of the firms who have been authorised by the FSA appear on the FSA register which is accessible at the FSA's web site www.fsa.gov.uk. Firms or individuals who behave badly can be struck off the register and can be open to criminal prosecution.
Secondly the FSA produce a set of rules and code of practice which firms must adhere to. The rules deal with how businesses are run whilst the codes of practice deal with how businesses treat their customers. One of the benefits for customers is that insurance intermediaries have to provide their customers with an Initial Disclosure Document. That explains the size of the life insurance market the intermediary deals with, the level of service they provide and provides details about fees.
Even with the FSA in charge problems and disagreements can occur. If you are a private individual or a small business then you may be able to take your complaint to the Financial Ombudsman's Service (FOS). The FOS provides you with an independent service which is funded by the financial markets that have to pay a fee out of the turnover they receive. If you have a complaint then you must first use the complaint system offered by the firm against who you have the complaint. If after having gone through that system, you are still not satisfied then you may be able to take the matter up with the FOS.
www.fscs.org.uk
Insurance is there to meet the unexpected. To help us get through that bad spell or to recovery from an adverse event. What could be worse than to have a loved one die. No amount of life insurance will replace a loved one in your heart but it can help with the financial difficulties that may also be caused by a early death.
Life insurance is not compulsory in the UK although many people think it is essential. It is estimated that about half the UK population are covered in some way by life insurance. It is certainly true to say that many families and dependents have benefited because a term life policy had been taken out and was there when it was needed.
With insurance we purchase a policy documents which is basically a promise to pay if a certain event occurs. We are not all experts on insurance and so we need laws and regulations to protect us when we purchase insurance. That protection is now offered through the Financial Services and Markets Act 2000 and the work done by the Financial Services Authority (FSA), the Financial Ombudsman Service (FOS) and the Financial Services Compensation Scheme (FSCS). All of these three organisations work together to help give you peace of mind.
Firstly the FSA have to authorise those who provide financial services and either arrange, sell or provide insurance policies. The names of the firms who have been authorised by the FSA appear on the FSA register which is accessible at the FSA's web site www.fsa.gov.uk. Firms or individuals who behave badly can be struck off the register and can be open to criminal prosecution.
Secondly the FSA produce a set of rules and code of practice which firms must adhere to. The rules deal with how businesses are run whilst the codes of practice deal with how businesses treat their customers. One of the benefits for customers is that insurance intermediaries have to provide their customers with an Initial Disclosure Document. That explains the size of the life insurance market the intermediary deals with, the level of service they provide and provides details about fees.
Even with the FSA in charge problems and disagreements can occur. If you are a private individual or a small business then you may be able to take your complaint to the Financial Ombudsman's Service (FOS). The FOS provides you with an independent service which is funded by the financial markets that have to pay a fee out of the turnover they receive. If you have a complaint then you must first use the complaint system offered by the firm against who you have the complaint. If after having gone through that system, you are still not satisfied then you may be able to take the matter up with the FOS.
www.fscs.org.uk
The Power of Life Insurance Premium Finance Revealed
by Donald E. Sanders
Premium financing so simple yet so misunderstood. For high net worth individuals obtaining a level of life insurance, premium financing can be an extremely valuable financial tool. When properly understood, its purpose and benefits are simple and clear. Yet even though it's been a financial instrument for a long time, some industry professionals still find premium finance a mystery. Others misunderstand it altogether. As a consequence, many high net worth clients miss out.
Two words: Retained capital. Most high net worth individuals keenly appreciate the value of keeping their capital actively employed. In fact many high net worth individuals are asset rich but cash poor precisely because of this. While they have more than enough capital to cover their premiums, it often means liquidating appreciating investments or removing capital from investments prematurely. These individuals understand the concepts of leverage and arbitrage and employ them in their daily business lives.
Enter premium financing. The MedEvac Company, Had its owner been forced to write a hefty annual premium check, he would not have had the capital to invest in a net copter design which he considered key to the company's growth. By financing his premiums, he obtained the life insurance he needed and employed his retained capital to develop the design prototypes necessary to attract outside investment for production.
Premium financing translated into a lot more burgers for a young fast food entrepreneur we helped out. Had he funded the premiums himself on his $40 million dollar policy, he would have to give up almost two million dollars of potential investment capital in the first three years alone. By financing his premiums, he retained enough capital to invest in an additional burger franchise in the first three years of his loan. And here's what we love. The additional three million dollars in revenue from the new store yielded a net that more than paid for his financing. That's the value of premium finance.
Premium financing offers high net worth individuals other advantages you are no doubt familiar with, like the delay in paying income and gift taxes. But here's an observation we've witnessed over the years. When people insure, they tend to underinsure for reasons that are usually shortsighted. Using the efficiencies of premium finance, a client can almost always procure the amount of coverage they truly need. We've had numerous cases where we've helped clients obtain more life insurance - in one instance the insurance benefit grew tenfold from $500,000 to $5,000,000 - for the exact same investment outlay. We love helping clients become more efficient! American International Group, Inc. is the largest premium finance company in the country.
http://www.goarticles.com/cgi-bin/showa.cgi?C=618380
Premium financing so simple yet so misunderstood. For high net worth individuals obtaining a level of life insurance, premium financing can be an extremely valuable financial tool. When properly understood, its purpose and benefits are simple and clear. Yet even though it's been a financial instrument for a long time, some industry professionals still find premium finance a mystery. Others misunderstand it altogether. As a consequence, many high net worth clients miss out.
Two words: Retained capital. Most high net worth individuals keenly appreciate the value of keeping their capital actively employed. In fact many high net worth individuals are asset rich but cash poor precisely because of this. While they have more than enough capital to cover their premiums, it often means liquidating appreciating investments or removing capital from investments prematurely. These individuals understand the concepts of leverage and arbitrage and employ them in their daily business lives.
Enter premium financing. The MedEvac Company, Had its owner been forced to write a hefty annual premium check, he would not have had the capital to invest in a net copter design which he considered key to the company's growth. By financing his premiums, he obtained the life insurance he needed and employed his retained capital to develop the design prototypes necessary to attract outside investment for production.
Premium financing translated into a lot more burgers for a young fast food entrepreneur we helped out. Had he funded the premiums himself on his $40 million dollar policy, he would have to give up almost two million dollars of potential investment capital in the first three years alone. By financing his premiums, he retained enough capital to invest in an additional burger franchise in the first three years of his loan. And here's what we love. The additional three million dollars in revenue from the new store yielded a net that more than paid for his financing. That's the value of premium finance.
Premium financing offers high net worth individuals other advantages you are no doubt familiar with, like the delay in paying income and gift taxes. But here's an observation we've witnessed over the years. When people insure, they tend to underinsure for reasons that are usually shortsighted. Using the efficiencies of premium finance, a client can almost always procure the amount of coverage they truly need. We've had numerous cases where we've helped clients obtain more life insurance - in one instance the insurance benefit grew tenfold from $500,000 to $5,000,000 - for the exact same investment outlay. We love helping clients become more efficient! American International Group, Inc. is the largest premium finance company in the country.
http://www.goarticles.com/cgi-bin/showa.cgi?C=618380
Monday, September 17, 2007
Life Insurance: Sooner The Better
by Allan Elvin
No one can deny the fact that life has become extremely uncertain these days. The statistics also reveal this gory truth. There is a huge upsurge in road accidents in the UK in the last ten years. What is even more depressing is the fact that most of these accidents proved to be fatal. This is expected. Life today is lived at a furious pace. Everyone is in a hurry to reach his destination. It is this urgency to reach the destination at the earliest that makes people flaunt traffic signal with disastrous consequences.
Such fatalities are worse in best of conditions. Imagine then the plight of families whose only family member has died in a road accident. Apart from the obvious trauma that a family faces on the sudden demise of one of its members, it also faces the financial problem for the only earning member of the family has expired. It is in such hours of extreme calamity that life insurance proves its relevance and ensures that family members don't have to suffer on financial grounds.
However, to gain maximum from life insurance, one has to make sure of certain points. First of all, one should ensure that the policy comes to life as soon as it is signed. Secondly, one should also give a very careful reading to the agreement and get any wrong information fixed then and there. One should also take extreme precaution of not furnishing any wrong information to the insurance company, for it might lead to the cancellation of the policy.
If the above mentioned precautions are taken and a thorough attention is paid while opting for life insurance, then there is no reason why one's decision of opting for Life Insurance would not prove to be a worthy decision. If approached properly, then it can prove to be one's best bet against calamity as serious as the sudden demise of the only earning member of the family.
http://www.goarticles.com/cgi-bin/showa.cgi?C=617356
No one can deny the fact that life has become extremely uncertain these days. The statistics also reveal this gory truth. There is a huge upsurge in road accidents in the UK in the last ten years. What is even more depressing is the fact that most of these accidents proved to be fatal. This is expected. Life today is lived at a furious pace. Everyone is in a hurry to reach his destination. It is this urgency to reach the destination at the earliest that makes people flaunt traffic signal with disastrous consequences.
Such fatalities are worse in best of conditions. Imagine then the plight of families whose only family member has died in a road accident. Apart from the obvious trauma that a family faces on the sudden demise of one of its members, it also faces the financial problem for the only earning member of the family has expired. It is in such hours of extreme calamity that life insurance proves its relevance and ensures that family members don't have to suffer on financial grounds.
However, to gain maximum from life insurance, one has to make sure of certain points. First of all, one should ensure that the policy comes to life as soon as it is signed. Secondly, one should also give a very careful reading to the agreement and get any wrong information fixed then and there. One should also take extreme precaution of not furnishing any wrong information to the insurance company, for it might lead to the cancellation of the policy.
If the above mentioned precautions are taken and a thorough attention is paid while opting for life insurance, then there is no reason why one's decision of opting for Life Insurance would not prove to be a worthy decision. If approached properly, then it can prove to be one's best bet against calamity as serious as the sudden demise of the only earning member of the family.
http://www.goarticles.com/cgi-bin/showa.cgi?C=617356
Sunday, September 16, 2007
Life Insurance: A Perfect Safety Cover
by Allan Elvin
No one can deny the fact that life in today's times has become extremely unpredictable. Statistics also reveal this fact. The rate of accidents in the UK has increased manifold in the last ten years. What is even more saddening is the fact that in most of the cases, these accidents have proved to be fatal. This is only to be expected. Life today is being lived at an extremely furious pace and everyone is in a hurry to reach his destination. It is this urgency to reach everywhere quickly that makes one overlook traffic signals with disastrous result.
Another problem that is pretty common in today's times is the constantly rising prices. It has reached a stage when one is forced to live strictly within his budget. In this scenario, any sudden upraise of unplanned expenditure disrupts the functioning of any middle class household. Imagine, therefore, a scenario when a family is thrown into uncertainty with the sudden departure of its only earning member. Needless to say that it would bring the entire household to the brink of disaster. Such a calamity can be averted if one opts for life insurance. Life insurance can be termed as one's best bet against something as tragic and traumatic as the untimely death of an earning member. It guarantees that one would be free, at least from the financial worries that arise on the sudden demise of any earning member. However, to gain maximum from life insurance, one has to take care of certain points.
First of all, one must ensure that the policy comes to life as soon as it is signed, go through the policy carefully and ensure that whatever information has been entered is correct. One must also make sure of not missing any installments, for it might lead to the cancellation of the policy. In addition to all these, one must also ensure that no wrong information is provided to the insurance company, for that might lead to the cancellation of the policy.
http://www.goarticles.com/cgi-bin/showa.cgi?C=615802
No one can deny the fact that life in today's times has become extremely unpredictable. Statistics also reveal this fact. The rate of accidents in the UK has increased manifold in the last ten years. What is even more saddening is the fact that in most of the cases, these accidents have proved to be fatal. This is only to be expected. Life today is being lived at an extremely furious pace and everyone is in a hurry to reach his destination. It is this urgency to reach everywhere quickly that makes one overlook traffic signals with disastrous result.
Another problem that is pretty common in today's times is the constantly rising prices. It has reached a stage when one is forced to live strictly within his budget. In this scenario, any sudden upraise of unplanned expenditure disrupts the functioning of any middle class household. Imagine, therefore, a scenario when a family is thrown into uncertainty with the sudden departure of its only earning member. Needless to say that it would bring the entire household to the brink of disaster. Such a calamity can be averted if one opts for life insurance. Life insurance can be termed as one's best bet against something as tragic and traumatic as the untimely death of an earning member. It guarantees that one would be free, at least from the financial worries that arise on the sudden demise of any earning member. However, to gain maximum from life insurance, one has to take care of certain points.
First of all, one must ensure that the policy comes to life as soon as it is signed, go through the policy carefully and ensure that whatever information has been entered is correct. One must also make sure of not missing any installments, for it might lead to the cancellation of the policy. In addition to all these, one must also ensure that no wrong information is provided to the insurance company, for that might lead to the cancellation of the policy.
http://www.goarticles.com/cgi-bin/showa.cgi?C=615802
Life Insurance: A Perfect Safety Cover
by Allan Elvin
No one can deny the fact that life in today's times has become extremely unpredictable. Statistics also reveal this fact. The rate of accidents in the UK has increased manifold in the last ten years. What is even more saddening is the fact that in most of the cases, these accidents have proved to be fatal. This is only to be expected. Life today is being lived at an extremely furious pace and everyone is in a hurry to reach his destination. It is this urgency to reach everywhere quickly that makes one overlook traffic signals with disastrous result.
Another problem that is pretty common in today's times is the constantly rising prices. It has reached a stage when one is forced to live strictly within his budget. In this scenario, any sudden upraise of unplanned expenditure disrupts the functioning of any middle class household. Imagine, therefore, a scenario when a family is thrown into uncertainty with the sudden departure of its only earning member. Needless to say that it would bring the entire household to the brink of disaster. Such a calamity can be averted if one opts for life insurance. Life insurance can be termed as one's best bet against something as tragic and traumatic as the untimely death of an earning member. It guarantees that one would be free, at least from the financial worries that arise on the sudden demise of any earning member. However, to gain maximum from life insurance, one has to take care of certain points.
First of all, one must ensure that the policy comes to life as soon as it is signed, go through the policy carefully and ensure that whatever information has been entered is correct. One must also make sure of not missing any installments, for it might lead to the cancellation of the policy. In addition to all these, one must also ensure that no wrong information is provided to the insurance company, for that might lead to the cancellation of the policy.
http://www.look4insurances.co.uk/lifeinsurance.php
No one can deny the fact that life in today's times has become extremely unpredictable. Statistics also reveal this fact. The rate of accidents in the UK has increased manifold in the last ten years. What is even more saddening is the fact that in most of the cases, these accidents have proved to be fatal. This is only to be expected. Life today is being lived at an extremely furious pace and everyone is in a hurry to reach his destination. It is this urgency to reach everywhere quickly that makes one overlook traffic signals with disastrous result.
Another problem that is pretty common in today's times is the constantly rising prices. It has reached a stage when one is forced to live strictly within his budget. In this scenario, any sudden upraise of unplanned expenditure disrupts the functioning of any middle class household. Imagine, therefore, a scenario when a family is thrown into uncertainty with the sudden departure of its only earning member. Needless to say that it would bring the entire household to the brink of disaster. Such a calamity can be averted if one opts for life insurance. Life insurance can be termed as one's best bet against something as tragic and traumatic as the untimely death of an earning member. It guarantees that one would be free, at least from the financial worries that arise on the sudden demise of any earning member. However, to gain maximum from life insurance, one has to take care of certain points.
First of all, one must ensure that the policy comes to life as soon as it is signed, go through the policy carefully and ensure that whatever information has been entered is correct. One must also make sure of not missing any installments, for it might lead to the cancellation of the policy. In addition to all these, one must also ensure that no wrong information is provided to the insurance company, for that might lead to the cancellation of the policy.
http://www.look4insurances.co.uk/lifeinsurance.php
Saturday, September 15, 2007
How To Find Affordable Student Health Insurance
Many students simply don't realize they should have health insurance disease. Some of them know it's important but prefer to count on their college our university clinic when they become sick.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
How To Find Affordable Student Health Insurance
Many students simply don't realize they should have health insurance disease. Some of them know it's important but prefer to count on their college our university clinic when they become sick.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
To be student does not mean that you are not likely to fall seriously ill or be injured and for this reason a suitable health insurance plan is a must. Naturally one of the reasons student do not have the health insurance they need is because they simply cannot afford it. There are however many affordable options available.
Some health insurance providers offer special plans just for students. Moreover some universities and universities have health insurance programs specifically for students as well. All the student would have to do is check with their respective college or university and choose a plan which is appropriate for their own needs.
Another part of the problem is how to know what health insurance is best. This is a difficult question even for veterans of the insurance world. The way to overcome this is to ask questions as they arise. There are literally thousands of insurance professionals that will help you sort it all out.
The first thing you'll want to know the answer to is what your health insurance plan will cover. For example, some student health insurance policies do not cover sports incurred injuries. Check if there is a restriction on the physicians you will have to use. Also find out if you will need approval from the health insurance company before you go for a check up. And of course you'll want to know how much it will cost.
A point to keep in mind is that students tend to travel a lot. The insurance conditions when traveling should be checked carefully. Check both situations, if you travel abroad and if you travel within the country.
Check how long your health insurance will last. Some student health insurance plans cover only under graduates. What this means is that when you graduate you will have to arrange another health insurance policy. So if you are close to graduation you can start looking for a good individual policy instead of going for a student medical insurance plan. Another option is to get a short term student insurance. Finally, be sure to check and see if you can obtain the medical care you require under your parents health insurance plan. Naturally some policies won't allow you to continue coverage over a certain age, but some do. If you will become student soon, discuss this question with your parents and plan accordingly.
Friday, September 14, 2007
When It Is A Good Idea To Get Life Insurance For You And When To Avoid
By M Imran
The purpose of a life insurance policy is to protect the financial welfare of the family/loved ones of the life insured upon the life insured's death. The amount paid out will be equal to the value of the policy. This is called the face value. So, if the policy is worth £100,000 upon death £100,000 will be paid out.
Typically there are four parties involved in a life insurance policy:
The insurance provider - the company that issues the policy.
The policy holder - this is the person who purchases the policy. They make all decisions relevant to the policy. Including, naming the beneficiaries. The life insured is often also the policy holder.
The life insured - when this person dies the policy will payout.
The beneficiary - they will receive the payout upon death of the life insured. In the case of multiple beneficiaries the death benefit will be shared.
Basically, there are two main types of life insurance.
Term insurance - this lasts for between one and one hundred years.
Permanent life insurance - this lasts for the entire life of the life insured.
The cost of life insurance varies depending on factors such as the life insured's age; health; job; and the amount of insurance required. All life insurance policies fulfil the same basic role - that is to payout a death benefit. The death benefit is equal to the face value of a policy.
Furthermore, individual policies may offer special or additional features to entice the buyer. For example, consumers can purchase a life insurance policy that protects against the risk of living to an old age. Life cover can also be extended to include critical illness.
It is interesting to note that the risk incurred by the life insurance provider is very different from that of a home or car insurance provider. When a life insurance policy is issued, it is with the knowledge that the policy holder will one day die, at which time the provider will have to payout the death benefit. When a home is insured, the provider hopes that a payout will not be required and if it is, the policy premium will be increased in the next period. With life insurance the only uncertainty is when the claim will be made.
Some consumers may wonder if life insurance is a necessary expense. For those people who live long lives, the money used to pay premiums may have been better spent elsewhere. However, no-one can be certain when they will die. An accident or illness can shorten life. If a person dies young the effect on their family can be financially devastating. Remaining family members, unable to meet mortgage re-payments, may have their home repossessed. It is clear to understand why the purchase of life insurance is a requirement when taking out a mortgage.
However, it is not only mortgage consumers that need life insurance. Tenants, that are responsible for their family, will also need a financial back-up plan in place, in case of their early death. Rent and day-to-day living expenses will need to be met by the surviving family members.
To conclude, in life death is a certainty. Consumers need to take precaution if they want to ensure the welfare of their surviving family members upon their own death. Life insurance policies will always payout a death benefit. It follows that to seek a life insurance policy is an obvious and wise decision.
http://EzineArticles.com/?expert=M_Imran
The purpose of a life insurance policy is to protect the financial welfare of the family/loved ones of the life insured upon the life insured's death. The amount paid out will be equal to the value of the policy. This is called the face value. So, if the policy is worth £100,000 upon death £100,000 will be paid out.
Typically there are four parties involved in a life insurance policy:
The insurance provider - the company that issues the policy.
The policy holder - this is the person who purchases the policy. They make all decisions relevant to the policy. Including, naming the beneficiaries. The life insured is often also the policy holder.
The life insured - when this person dies the policy will payout.
The beneficiary - they will receive the payout upon death of the life insured. In the case of multiple beneficiaries the death benefit will be shared.
Basically, there are two main types of life insurance.
Term insurance - this lasts for between one and one hundred years.
Permanent life insurance - this lasts for the entire life of the life insured.
The cost of life insurance varies depending on factors such as the life insured's age; health; job; and the amount of insurance required. All life insurance policies fulfil the same basic role - that is to payout a death benefit. The death benefit is equal to the face value of a policy.
Furthermore, individual policies may offer special or additional features to entice the buyer. For example, consumers can purchase a life insurance policy that protects against the risk of living to an old age. Life cover can also be extended to include critical illness.
It is interesting to note that the risk incurred by the life insurance provider is very different from that of a home or car insurance provider. When a life insurance policy is issued, it is with the knowledge that the policy holder will one day die, at which time the provider will have to payout the death benefit. When a home is insured, the provider hopes that a payout will not be required and if it is, the policy premium will be increased in the next period. With life insurance the only uncertainty is when the claim will be made.
Some consumers may wonder if life insurance is a necessary expense. For those people who live long lives, the money used to pay premiums may have been better spent elsewhere. However, no-one can be certain when they will die. An accident or illness can shorten life. If a person dies young the effect on their family can be financially devastating. Remaining family members, unable to meet mortgage re-payments, may have their home repossessed. It is clear to understand why the purchase of life insurance is a requirement when taking out a mortgage.
However, it is not only mortgage consumers that need life insurance. Tenants, that are responsible for their family, will also need a financial back-up plan in place, in case of their early death. Rent and day-to-day living expenses will need to be met by the surviving family members.
To conclude, in life death is a certainty. Consumers need to take precaution if they want to ensure the welfare of their surviving family members upon their own death. Life insurance policies will always payout a death benefit. It follows that to seek a life insurance policy is an obvious and wise decision.
http://EzineArticles.com/?expert=M_Imran
Thursday, September 13, 2007
Basic Knowledge on Life Insurance
by Fajar Nindyo
Basically, the various life insurance product sold by insurance company now is based on the three types : 1. term insurance 2. whole life insurance, and 3. endowment insurance. In this chapter, you will find the short explanation of each type.
The first type is term insurance. As the simplest traditional of life insurance form, this type provide an important basic foundation in life insurance product. "Term" means "limited period of insurance cover" for example 1 year, 5 years, 20 years and so on. Thus, term life insurance can be defined as the life insurance that cover insured death within the certain period of insurance. If at the end of of such period, death not occured, no benefit will be paid. Beside death benefit as the main cover, this policy can be added with rider benefit.
Further, term insurance can be divided into 4 (four) modified term insurance policy. First what we call as "level term insurance". "Level" here means death benefit remain unchanged within the period of insurance. For example, a 5-year term insurance with IDR 50 million death benefit means that it will cover the insured within 5 year and the beneficiary will be received IDR 50 million whenever happened as long still in period of cover. Usually, the premium for level term insurance always constant in every years.
The second form of term insurance is "decreasing term insurance" which the death benefit will be reduced within period of cover. This cover usually used as partner life protection in the business purpose. In the contrary, other type of term insurance is "increasing term insurance". The death benefit will be increased year by year within the certain period.
Other type of term insurance is "renewable term insurance" which gives the insured an option to renew policy after insurance cover ended without the evidence of insurability. The insurance company can not refuse the renewal insured proposal although he suffer an illnes. As the consequence, the insured will be charged more expensive premium.
The last form of term insurance is "convertible term insurance" which a policy holder has a right to convert his term policy to whole life insurance. As described previously, this type give possibility to policy holder not to prove the evidence of insurability. To prevent anti selection against insurer, the insurance company will restrict conversion option after the insured reach certain age, for example 60 years. The new whole life premium will be higher than term policy and the calculation will be based on the age at the time of conversion.
http://www.goarticles.com/cgi-bin/showa.cgi?C=613746
Basically, the various life insurance product sold by insurance company now is based on the three types : 1. term insurance 2. whole life insurance, and 3. endowment insurance. In this chapter, you will find the short explanation of each type.
The first type is term insurance. As the simplest traditional of life insurance form, this type provide an important basic foundation in life insurance product. "Term" means "limited period of insurance cover" for example 1 year, 5 years, 20 years and so on. Thus, term life insurance can be defined as the life insurance that cover insured death within the certain period of insurance. If at the end of of such period, death not occured, no benefit will be paid. Beside death benefit as the main cover, this policy can be added with rider benefit.
Further, term insurance can be divided into 4 (four) modified term insurance policy. First what we call as "level term insurance". "Level" here means death benefit remain unchanged within the period of insurance. For example, a 5-year term insurance with IDR 50 million death benefit means that it will cover the insured within 5 year and the beneficiary will be received IDR 50 million whenever happened as long still in period of cover. Usually, the premium for level term insurance always constant in every years.
The second form of term insurance is "decreasing term insurance" which the death benefit will be reduced within period of cover. This cover usually used as partner life protection in the business purpose. In the contrary, other type of term insurance is "increasing term insurance". The death benefit will be increased year by year within the certain period.
Other type of term insurance is "renewable term insurance" which gives the insured an option to renew policy after insurance cover ended without the evidence of insurability. The insurance company can not refuse the renewal insured proposal although he suffer an illnes. As the consequence, the insured will be charged more expensive premium.
The last form of term insurance is "convertible term insurance" which a policy holder has a right to convert his term policy to whole life insurance. As described previously, this type give possibility to policy holder not to prove the evidence of insurability. To prevent anti selection against insurer, the insurance company will restrict conversion option after the insured reach certain age, for example 60 years. The new whole life premium will be higher than term policy and the calculation will be based on the age at the time of conversion.
http://www.goarticles.com/cgi-bin/showa.cgi?C=613746
Wednesday, September 12, 2007
Five Things to Consider When Buying Car Insurance
by Kausik Dutta
Everyone needs car insurance and of course, everyone wants the best insurance for your car at the best price. Whether you are considering changing your current insurance or looking into coverage for a new car, there are many factors to consider. It's always a good idea to do some research and get several quotes before you make a decision. Read below to learn about other things to consider when buying car insurance.
#1 Types of Insurance There are many types of coverage that you can have included in your insurance policy. Beyond liability, common policies may include collision insurance which protects you in the event of an accident, and comprehensive insurance which protects against hazards like fire or theft. It may be worth your time to look into other policies you may not be familiar with. For instance, breakdown insurance can cover the cost of repair if your car breaks down on the road or cover a tow to a service station. Investigate the different types of insurance available and which type and what coverage fits your needs.
#2 Shop Around Insurance policies will vary from company to company so it's worth your while to shop around and compare prices. With hundreds of insurance companies competing for your business, comparing prices and getting several quotes could save you hundreds of dollars a year. Although price is important, make sure you also take into consideration the company and your agent. It may be worth a few extra dollars for a company with great customer service and an agent that you can trust.
#3 Deciding on your Excess Although it may be tempting to go with a lower excess on your car insurance, consider the effect it will have on your premium. Although a ?50 excess may sound great, a ?200 excess may save you more money in the long run because of lower monthly payments. Some considerations to take into account when deciding on your excess are the age and condition of your car and what it will most often be used for.
#4 Consider Your Budget Hopefully, you take your budget into consideration before buying a vehicle. The same should go for your car insurance. Although you want your coverage to match your vehicle needs, you also want to be able to afford it. Think about how you will be able to pay for your insurance. Most companies offer you several payment options allowing you to choose from monthly, quarterly, every six months or yearly payments. Consider what would work best for you and if any discounts or penalties apply for different payment methods. Take advantage of specials that can lower your rates as well, such as good student discounts and discounts for completing training such as defensive driving classes.
#5 Understand Your Insurance Policy Lastly, make sure that you understand your car policy. There are five main parts to an insurance policy: declarations, coverage, exclusions, conditions and definitions. Declarations are the personal information about the driver(s) and vehicle(s) that will be covered. Coverage describes the coverage and limits of the policy that you purchased and Exclusions will outline what is not covered. Conditions explains the responsibility of you the insured, and your insurance company. The Definitions section defines terms, and highlights your rights and the rights of the insurance company. Take a look at all parts of your policy and make sure that you understand everything. If you don't understand or something doesn't look right, ask your agent and make sure it is cleared up. You should have an agent that is willing to explain everything to you.
http://www.goarticles.com/cgi-bin/showa.cgi?C=611951
Everyone needs car insurance and of course, everyone wants the best insurance for your car at the best price. Whether you are considering changing your current insurance or looking into coverage for a new car, there are many factors to consider. It's always a good idea to do some research and get several quotes before you make a decision. Read below to learn about other things to consider when buying car insurance.
#1 Types of Insurance There are many types of coverage that you can have included in your insurance policy. Beyond liability, common policies may include collision insurance which protects you in the event of an accident, and comprehensive insurance which protects against hazards like fire or theft. It may be worth your time to look into other policies you may not be familiar with. For instance, breakdown insurance can cover the cost of repair if your car breaks down on the road or cover a tow to a service station. Investigate the different types of insurance available and which type and what coverage fits your needs.
#2 Shop Around Insurance policies will vary from company to company so it's worth your while to shop around and compare prices. With hundreds of insurance companies competing for your business, comparing prices and getting several quotes could save you hundreds of dollars a year. Although price is important, make sure you also take into consideration the company and your agent. It may be worth a few extra dollars for a company with great customer service and an agent that you can trust.
#3 Deciding on your Excess Although it may be tempting to go with a lower excess on your car insurance, consider the effect it will have on your premium. Although a ?50 excess may sound great, a ?200 excess may save you more money in the long run because of lower monthly payments. Some considerations to take into account when deciding on your excess are the age and condition of your car and what it will most often be used for.
#4 Consider Your Budget Hopefully, you take your budget into consideration before buying a vehicle. The same should go for your car insurance. Although you want your coverage to match your vehicle needs, you also want to be able to afford it. Think about how you will be able to pay for your insurance. Most companies offer you several payment options allowing you to choose from monthly, quarterly, every six months or yearly payments. Consider what would work best for you and if any discounts or penalties apply for different payment methods. Take advantage of specials that can lower your rates as well, such as good student discounts and discounts for completing training such as defensive driving classes.
#5 Understand Your Insurance Policy Lastly, make sure that you understand your car policy. There are five main parts to an insurance policy: declarations, coverage, exclusions, conditions and definitions. Declarations are the personal information about the driver(s) and vehicle(s) that will be covered. Coverage describes the coverage and limits of the policy that you purchased and Exclusions will outline what is not covered. Conditions explains the responsibility of you the insured, and your insurance company. The Definitions section defines terms, and highlights your rights and the rights of the insurance company. Take a look at all parts of your policy and make sure that you understand everything. If you don't understand or something doesn't look right, ask your agent and make sure it is cleared up. You should have an agent that is willing to explain everything to you.
http://www.goarticles.com/cgi-bin/showa.cgi?C=611951
Tuesday, September 11, 2007
Dental Insurance
by William Brister
Dental insurance plans are not very common, as the medical needs for dental care can be quite unpredictable. Also, with premiums sometimes being higher than the dental coverage itself, the likelihood of opting for such a policy would be negligible. It would also serve unprofitable to the insurance company as they would lose money by spending more on benefits then receiving in premiums on every plan they write. However, some of the insurance plans that are offered by companies are called referral plans or buyer's club. Here, an individual pays a monthly fee to a third party in return for access to a list of dentists who have agreed to a reduced fee schedule. Payment for treatment is made from the patient directly to the dentist. The role of the third party is to get the individual to the dentist. The dentist receives no payment from the third party; only referrals of patients.
While some dental plans exclude treatment that is covered under the company's medical plan, others discourage necessary dental treatment such as sealant, pre-existing conditions, adult orthodontics etc. Some exclude treatment by family members. Patients must be aware of all the exclusions before going in for a dental insurance policy.
While choosing a dental insurance plan, ensure that your policy covers the care of your family as well. You should discuss your family's current and future dental needs with your dentist before deciding on your dental plan. The benefits of your dental plan coverage will be provided by the plan purchaser, often your employer or union, and by the third-party payers. Your dentist may not be able to answer specific questions about your dental benefit or predict what your level of coverage for a particular procedure will be. This is because insurance plans written by the same third-party payer or offered by the same employer may vary according to the contracts involved. Therefore, you should ask the plan purchaser or the third-party payer to answer your specific questions about coverage. Ensure that you and your dentist are aware of all the benefits and exclusions in advance of treatment.
Typically, if you and your spouse both have a dental benefit plan, you may get additional coverage from each other's programs besides your own individual benefit. However, the benefit derived from the two programs cannot exceed 100% of the dentist's charges for treatment. This if you have two or more potential sources of coverage, check the coordination of benefits for each plan to determine what is available.
It is important to know how your plan is designed, since this can significantly affect the plan's coverage and your personal expense. There are many ways to design a dental benefits plan. Although the individual features vary with every plan, the most common plans are as follows:
Direct Reimbursement Programs Usual, Customary and Reasonable Programs (UCR) Table or Schedule of Allowance Programs Preferred Provider Organization (PPO) Capitation Programs Some of the top dental insurance companies offering great dental plans and insurance benefits are listed below:
www.insuranceproguide.com
Dental insurance plans are not very common, as the medical needs for dental care can be quite unpredictable. Also, with premiums sometimes being higher than the dental coverage itself, the likelihood of opting for such a policy would be negligible. It would also serve unprofitable to the insurance company as they would lose money by spending more on benefits then receiving in premiums on every plan they write. However, some of the insurance plans that are offered by companies are called referral plans or buyer's club. Here, an individual pays a monthly fee to a third party in return for access to a list of dentists who have agreed to a reduced fee schedule. Payment for treatment is made from the patient directly to the dentist. The role of the third party is to get the individual to the dentist. The dentist receives no payment from the third party; only referrals of patients.
While some dental plans exclude treatment that is covered under the company's medical plan, others discourage necessary dental treatment such as sealant, pre-existing conditions, adult orthodontics etc. Some exclude treatment by family members. Patients must be aware of all the exclusions before going in for a dental insurance policy.
While choosing a dental insurance plan, ensure that your policy covers the care of your family as well. You should discuss your family's current and future dental needs with your dentist before deciding on your dental plan. The benefits of your dental plan coverage will be provided by the plan purchaser, often your employer or union, and by the third-party payers. Your dentist may not be able to answer specific questions about your dental benefit or predict what your level of coverage for a particular procedure will be. This is because insurance plans written by the same third-party payer or offered by the same employer may vary according to the contracts involved. Therefore, you should ask the plan purchaser or the third-party payer to answer your specific questions about coverage. Ensure that you and your dentist are aware of all the benefits and exclusions in advance of treatment.
Typically, if you and your spouse both have a dental benefit plan, you may get additional coverage from each other's programs besides your own individual benefit. However, the benefit derived from the two programs cannot exceed 100% of the dentist's charges for treatment. This if you have two or more potential sources of coverage, check the coordination of benefits for each plan to determine what is available.
It is important to know how your plan is designed, since this can significantly affect the plan's coverage and your personal expense. There are many ways to design a dental benefits plan. Although the individual features vary with every plan, the most common plans are as follows:
Direct Reimbursement Programs Usual, Customary and Reasonable Programs (UCR) Table or Schedule of Allowance Programs Preferred Provider Organization (PPO) Capitation Programs Some of the top dental insurance companies offering great dental plans and insurance benefits are listed below:
www.insuranceproguide.com
Health Insurance
by William Brister
Health policies can be divided into individual as well as group health coverage.
While an individual policy is purchased by the insured directly with the insurance company, in a group health insurance policy, the group is the master insured and the insurance company contracts with the group. Each member gets an insurance certificate which acts as the policy. Often group health insurance is less expensive than individual policies. Additionally it may also contain certain special coverage which may have been too costly for individuals.
Employer's Insurance - Million of people obtain their insurance through employment. After meeting certain criteria, the employee is eligible to be covered under the employer's group insurance policy. Medical insurance is also a common benefit of such a policy. The employer's insurance policy and coverage may vary with different organizations.
Individual Insurance - Some major health insurance companies offer a broad range of coverage and options to individuals, who pay directly for the cost of the insurance. Many insurance companies require a medical examination and comprehensive details before offering coverage to the individual.
Government Sponsored Insurance - Some state governments offer affordable health insurance benefits to their residents based on their income. These plans are designed for the poorer individuals who are employed but no health care coverage is available where they work. It allows the state to protect its residents from calamitous loss due to illness, disease or accident without placing an additional burden upon its program for the extremely poor and underprivileged.
Association Sponsored Insurance - There are some health insurance benefits available to people belonging to a group or organization by virtue of membership.
Primary and Secondary Coverage Many people have medical insurance from more than one insurance plan. To prevent double recovery or the insured making profit out of the insurance plan, the insurance company make provisions to determine how primary versus secondary coverage will be determined. Primary coverage is provided through an insurance plan of which the insured is a member or the plan under which the member has been a participant for a long duration. Secondary coverage, usually as a result of being covered as a dependent under someone else's health insurance plan, provides reimbursement for medical expenses after exhaustion of coverage available through the primary plan.
There are several types of policies sold by insurance companies to individuals. Some of the common insurance plans include:
Major Medical Expenses Hospital and Surgery Hospital Confinement Indemnity Health Maintenance Organizations (HMO) Specified Diseases Short Term and Long Term Care Accident Only Policy Dental Vision Home-Health Care Limited Benefit The different types of group health coverage include:
Fully Insured Employer Group Small Employer Group Large Employer Group Health Maintenance Organization (HMO) Self-Funded ERISA Association Group Group Managed Care Preferred Provider Organization
www.insuranceproguide.com
Health policies can be divided into individual as well as group health coverage.
While an individual policy is purchased by the insured directly with the insurance company, in a group health insurance policy, the group is the master insured and the insurance company contracts with the group. Each member gets an insurance certificate which acts as the policy. Often group health insurance is less expensive than individual policies. Additionally it may also contain certain special coverage which may have been too costly for individuals.
Employer's Insurance - Million of people obtain their insurance through employment. After meeting certain criteria, the employee is eligible to be covered under the employer's group insurance policy. Medical insurance is also a common benefit of such a policy. The employer's insurance policy and coverage may vary with different organizations.
Individual Insurance - Some major health insurance companies offer a broad range of coverage and options to individuals, who pay directly for the cost of the insurance. Many insurance companies require a medical examination and comprehensive details before offering coverage to the individual.
Government Sponsored Insurance - Some state governments offer affordable health insurance benefits to their residents based on their income. These plans are designed for the poorer individuals who are employed but no health care coverage is available where they work. It allows the state to protect its residents from calamitous loss due to illness, disease or accident without placing an additional burden upon its program for the extremely poor and underprivileged.
Association Sponsored Insurance - There are some health insurance benefits available to people belonging to a group or organization by virtue of membership.
Primary and Secondary Coverage Many people have medical insurance from more than one insurance plan. To prevent double recovery or the insured making profit out of the insurance plan, the insurance company make provisions to determine how primary versus secondary coverage will be determined. Primary coverage is provided through an insurance plan of which the insured is a member or the plan under which the member has been a participant for a long duration. Secondary coverage, usually as a result of being covered as a dependent under someone else's health insurance plan, provides reimbursement for medical expenses after exhaustion of coverage available through the primary plan.
There are several types of policies sold by insurance companies to individuals. Some of the common insurance plans include:
Major Medical Expenses Hospital and Surgery Hospital Confinement Indemnity Health Maintenance Organizations (HMO) Specified Diseases Short Term and Long Term Care Accident Only Policy Dental Vision Home-Health Care Limited Benefit The different types of group health coverage include:
Fully Insured Employer Group Small Employer Group Large Employer Group Health Maintenance Organization (HMO) Self-Funded ERISA Association Group Group Managed Care Preferred Provider Organization
www.insuranceproguide.com
Travel And Trip Insurance
by William Brister
Trip insurance helps reduce some financial losses incurred on a trip due to delays, cancellations or unforeseen circumstances. Travel insurance is broader in nature, and even includes insurance of trip delays, interruptions, cancellations and other related problems. Additionally, it may also cover medical expenses or health emergencies that may arise during the trip.
The expenditure incurred while travelling can be quite substantial and delays and unforeseen circumstances may cause you additional financial loss. Moreover, there are several things that cannot be anticipated. While trip insurance can provide protection against such losses, travel insurance provides the extra assurance that expenses will be covered for medical care, hospital admissions, emergency dental care etc. It is thus imperative to have trip and travel insurance coverage.
In addition to hospital admission and travel related medical assistance some insurance plans include referral services such as:
Translation Services Referrals to medical or legal personnel Inoculation Information Emergency Cash Advances Bail Bonds Replacement of eyeglasses or prescription drugs There are three basic types of supplemental health insurance coverage:
The first plan includes insurance purchase for each trip or a plan for all travel during the year. It is limited to medical expenses and medical evacuation coverage while travelling. The second plan is designed for customers of a tour company or cruise line and sold through the tour operator with whom you scheduled the trip. This type of plan would probably include trip cancellation benefits as well as medical coverage. The third plan is a package that includes trip cancellation and related trip insurance coverage as well as medical coverage. Some dangerous sports like hand gliding and glacier skiing may be excluded in the travel coverage. If you want to be insured for this, you may have to opt for a higher premium plan.
The cost of travel insurance depends on the company you chose and the coverage details. Typically, the cost of insurance will be 5% to 12% of the cost of the trip. One should buy coverage from a third party travel insurer that is financially sound. This is because, in the event that the trip company becomes bankrupt, the travel protection that they issue will be worthless. Only a portion, or none, of any outstanding claims might be paid. You could also buy travel insurance directly from the insurance companies.
If you are planning on travelling frequently, you might want to buy a yearly policy and save some money. Some travel insurance providers have plans specifically designed for student budgets on trips such as spring break travel, class trips, or study abroad. Typically, they provide coverage for trip cancellations or delays, medical emergencies, baggage problems and accidental death.
Some premium credit cards provide limited flight or travel insurance benefits such as emergency evacuation to an appropriate medical facility or baggage delay when the travel is charged on that credit card. You should check with your credit card company to find out what benefits are offered and if there are any restrictions.
Trip insurance helps reduce some financial losses incurred on a trip due to delays, cancellations or unforeseen circumstances. Travel insurance is broader in nature, and even includes insurance of trip delays, interruptions, cancellations and other related problems. Additionally, it may also cover medical expenses or health emergencies that may arise during the trip.
The expenditure incurred while travelling can be quite substantial and delays and unforeseen circumstances may cause you additional financial loss. Moreover, there are several things that cannot be anticipated. While trip insurance can provide protection against such losses, travel insurance provides the extra assurance that expenses will be covered for medical care, hospital admissions, emergency dental care etc. It is thus imperative to have trip and travel insurance coverage.
In addition to hospital admission and travel related medical assistance some insurance plans include referral services such as:
Translation Services Referrals to medical or legal personnel Inoculation Information Emergency Cash Advances Bail Bonds Replacement of eyeglasses or prescription drugs There are three basic types of supplemental health insurance coverage:
The first plan includes insurance purchase for each trip or a plan for all travel during the year. It is limited to medical expenses and medical evacuation coverage while travelling. The second plan is designed for customers of a tour company or cruise line and sold through the tour operator with whom you scheduled the trip. This type of plan would probably include trip cancellation benefits as well as medical coverage. The third plan is a package that includes trip cancellation and related trip insurance coverage as well as medical coverage. Some dangerous sports like hand gliding and glacier skiing may be excluded in the travel coverage. If you want to be insured for this, you may have to opt for a higher premium plan.
The cost of travel insurance depends on the company you chose and the coverage details. Typically, the cost of insurance will be 5% to 12% of the cost of the trip. One should buy coverage from a third party travel insurer that is financially sound. This is because, in the event that the trip company becomes bankrupt, the travel protection that they issue will be worthless. Only a portion, or none, of any outstanding claims might be paid. You could also buy travel insurance directly from the insurance companies.
If you are planning on travelling frequently, you might want to buy a yearly policy and save some money. Some travel insurance providers have plans specifically designed for student budgets on trips such as spring break travel, class trips, or study abroad. Typically, they provide coverage for trip cancellations or delays, medical emergencies, baggage problems and accidental death.
Some premium credit cards provide limited flight or travel insurance benefits such as emergency evacuation to an appropriate medical facility or baggage delay when the travel is charged on that credit card. You should check with your credit card company to find out what benefits are offered and if there are any restrictions.
Monday, September 10, 2007
Trip Mess Up?Travel Insurance Can Save Huge Money
by Kaushik Adhikary
For the last few years, we have been witnessing a boom in tourism industry all over the world and as our workload consume most of our time, vacation gains its relevancy and presence.
So,traveling becomes one of the greatest pleasures of life, which makes it long-awaited and expensive. It becomes sad when things go wrong before or during your vacation. Because of your illness or personal reasons, you might suddenly need to cancel or postpone your travel plans.
There are such other things as cancellations, trip delays, loss of luggages, damage to luggages, emergencies, travel agent's fraudulent act etc. which could lead you to huge financial loss or put you on risk.Now,what do you do in this situation? The best option would be, you have to have a travel insurance for those potential risk.Isn't it?
Travel insurance provide you protection against these unseen challenges and compensate you of the monetary loss you suffered because of cancellation of your vacation. Some of you may want to enjoy driving during the vacation, in this case you can think of advantageous car rental insurance as because your own (cheap?)auto insurance policy may not cover your car in a different country.
It does not matter what country you are in for your trip, your belongings, your luggage, or your health, the right kind of travel insurance policy will save you tons of money and harassment and give you the opportunity to enjoy trip and greatest pleasures of life to its fullest.
Discover how to get the dream-life pleasures for you and your loving kids to a vacation at Disney World for a fraction of what others pay.
http://myinsuranceinsiderinfo.com
For the last few years, we have been witnessing a boom in tourism industry all over the world and as our workload consume most of our time, vacation gains its relevancy and presence.
So,traveling becomes one of the greatest pleasures of life, which makes it long-awaited and expensive. It becomes sad when things go wrong before or during your vacation. Because of your illness or personal reasons, you might suddenly need to cancel or postpone your travel plans.
There are such other things as cancellations, trip delays, loss of luggages, damage to luggages, emergencies, travel agent's fraudulent act etc. which could lead you to huge financial loss or put you on risk.Now,what do you do in this situation? The best option would be, you have to have a travel insurance for those potential risk.Isn't it?
Travel insurance provide you protection against these unseen challenges and compensate you of the monetary loss you suffered because of cancellation of your vacation. Some of you may want to enjoy driving during the vacation, in this case you can think of advantageous car rental insurance as because your own (cheap?)auto insurance policy may not cover your car in a different country.
It does not matter what country you are in for your trip, your belongings, your luggage, or your health, the right kind of travel insurance policy will save you tons of money and harassment and give you the opportunity to enjoy trip and greatest pleasures of life to its fullest.
Discover how to get the dream-life pleasures for you and your loving kids to a vacation at Disney World for a fraction of what others pay.
http://myinsuranceinsiderinfo.com
Sunday, September 9, 2007
Whole Life And Term - A Good Combination?
by Donald Lusan
Combining whole life and term insurance! Have you ever given that some thought? The life insurance company can create a combination policy for you if that is your desire. This idea works out pretty well for some people.
Why would you combine whole life and term life insurance anyway? If you use your whole life policy as a base and add the term policy you would end up with more life insurance death benefit for your dollar than had you bought whole life alone.
On the other hand you may say that if you bought term alone you would get more death benefit. That is true but ask yourself this question, suppose you don't die within the term period would there be any money to get back. The answer is usually no, unless you buy a "return of premium term policy".
The way to set up these combination plans, whole life and term, requires some planning. If you qualify for a preferred risk policy with a top level company you may only need to buy about 25% or 30% whole life and the other 70% or 75% term insurance. This combination will afford you a fairly decent amount of total life insurance with some cash values to assist you in the hard times. The type of term policy you purchase would depend on your particular need, 5 or 10 year level term for short term needs and 15, 20, 25, or 30 year term policies for longer term needs.
The reason you would use a combination policy, whole life and term, is that the portion of your premium that pays for whole life accumulates cash values. If you are unable to pay your premiums at some point in the future you can draw upon the cash value and the dividends, if any. You can use those funds to keep the policy in force. Keep in mind, however, that it takes time to accumulate worthwhile cash values plus dividends.
It is important to also remember that, depending on the portion of premium assigned to each type of policy, your cash value may never equal your total outlay. You will have some cash for emergencies though, after a few years.
Actuaries have used similar ideas and created actual policies. If you examine the universal life policy you will find that it is a term policy combined with a saving plan. The variable universal life insurance policy is term insurance combined with an investment and the variable life policy is whole life insurance combined with an investment portfolio.
Ask yourself what type of insurance you need and why. Combining different types of life insurance policies may work for you.
http://www.lifeinsurancehub.net
Combining whole life and term insurance! Have you ever given that some thought? The life insurance company can create a combination policy for you if that is your desire. This idea works out pretty well for some people.
Why would you combine whole life and term life insurance anyway? If you use your whole life policy as a base and add the term policy you would end up with more life insurance death benefit for your dollar than had you bought whole life alone.
On the other hand you may say that if you bought term alone you would get more death benefit. That is true but ask yourself this question, suppose you don't die within the term period would there be any money to get back. The answer is usually no, unless you buy a "return of premium term policy".
The way to set up these combination plans, whole life and term, requires some planning. If you qualify for a preferred risk policy with a top level company you may only need to buy about 25% or 30% whole life and the other 70% or 75% term insurance. This combination will afford you a fairly decent amount of total life insurance with some cash values to assist you in the hard times. The type of term policy you purchase would depend on your particular need, 5 or 10 year level term for short term needs and 15, 20, 25, or 30 year term policies for longer term needs.
The reason you would use a combination policy, whole life and term, is that the portion of your premium that pays for whole life accumulates cash values. If you are unable to pay your premiums at some point in the future you can draw upon the cash value and the dividends, if any. You can use those funds to keep the policy in force. Keep in mind, however, that it takes time to accumulate worthwhile cash values plus dividends.
It is important to also remember that, depending on the portion of premium assigned to each type of policy, your cash value may never equal your total outlay. You will have some cash for emergencies though, after a few years.
Actuaries have used similar ideas and created actual policies. If you examine the universal life policy you will find that it is a term policy combined with a saving plan. The variable universal life insurance policy is term insurance combined with an investment and the variable life policy is whole life insurance combined with an investment portfolio.
Ask yourself what type of insurance you need and why. Combining different types of life insurance policies may work for you.
http://www.lifeinsurancehub.net
Annual travel insurance - could you save money?
by Chris Rowlands
Did you know you could be spending much more on your travel insurance policy than is really necessary? On average buying a single trip policy from a supermarket or similar for a couple with no health problems to a European destination can set you back by £34 for that one trip. Spending just a little extra time and effort searching around can help you find premiums as low as £8-9 for a single trip for 2 people. Of course you should be wary of the features a policy as cheap as this offers as you may find it lacks in some crucial areas. More often than not you will still have cover in all the basic areas you require.
An area where many constantly lose money is in the choosing of policy type. If you are aware you may travel more than once in a year, you could save money by opting for a multi-trip policy. As the name suggests, this will allow you to travel several times under the same policy which can quickly add up to a large saving when you consider the cost of a the average single trip policy. In general you may find an annual travel insurance policy (multi and annual will sometimes be branded together) the best value for money as this will allow you to travel at a higher frequency and for longer durations. The average cost of an annual policy for a couple falls at around £79 (when purchased from a supermarket or similar). As you can imagine if you'd travelled 3 times during a year, which is not that difficult these days, you would have just paid £132 on 3 single trip policies. If you utilise an internet comparison site you can quite easily find a similar policy for half of this price.
When looking at a prospective policy remember to check you are covered in all the areas you require. Cancellation and baggage cover can sometimes be optional extras so you should ensure you have these. Make a mental note to check the policy excesses in the event of a claim as these can vary considerably. Check the level of medical cover exceeds £1 million and if visiting America try to get double this amount as it is not unknown for tourists to be quite literally bankrupted by private medical bills.
When you consider that the average cheap travel insurance allows you to travel an almost unlimited amount of times (each trip not exceeding a figure of around 45 days) you could save a large amount of money by utilising this type of policy. If you spend a little time looking and maybe utilising comparison sites you will find that cheap travel insurance is not all that elusive.
http://www.goarticles.com/cgi-bin/showa.cgi?C=607450
Did you know you could be spending much more on your travel insurance policy than is really necessary? On average buying a single trip policy from a supermarket or similar for a couple with no health problems to a European destination can set you back by £34 for that one trip. Spending just a little extra time and effort searching around can help you find premiums as low as £8-9 for a single trip for 2 people. Of course you should be wary of the features a policy as cheap as this offers as you may find it lacks in some crucial areas. More often than not you will still have cover in all the basic areas you require.
An area where many constantly lose money is in the choosing of policy type. If you are aware you may travel more than once in a year, you could save money by opting for a multi-trip policy. As the name suggests, this will allow you to travel several times under the same policy which can quickly add up to a large saving when you consider the cost of a the average single trip policy. In general you may find an annual travel insurance policy (multi and annual will sometimes be branded together) the best value for money as this will allow you to travel at a higher frequency and for longer durations. The average cost of an annual policy for a couple falls at around £79 (when purchased from a supermarket or similar). As you can imagine if you'd travelled 3 times during a year, which is not that difficult these days, you would have just paid £132 on 3 single trip policies. If you utilise an internet comparison site you can quite easily find a similar policy for half of this price.
When looking at a prospective policy remember to check you are covered in all the areas you require. Cancellation and baggage cover can sometimes be optional extras so you should ensure you have these. Make a mental note to check the policy excesses in the event of a claim as these can vary considerably. Check the level of medical cover exceeds £1 million and if visiting America try to get double this amount as it is not unknown for tourists to be quite literally bankrupted by private medical bills.
When you consider that the average cheap travel insurance allows you to travel an almost unlimited amount of times (each trip not exceeding a figure of around 45 days) you could save a large amount of money by utilising this type of policy. If you spend a little time looking and maybe utilising comparison sites you will find that cheap travel insurance is not all that elusive.
http://www.goarticles.com/cgi-bin/showa.cgi?C=607450
Friday, September 7, 2007
Where to Get Low Cost Health Insurance in Ohio
by Brian Stevens
Thanks to rising medical costs, health insurance rates are at an all-time high. But there are places where you can get cheap health insurance in Ohio.
Health Insurance in Ohio
The first thing you need to look at when considering health insurance in Ohio are the types of insurance that are available. There are four basic plans:
1. Health Maintenance Organizations (HMOs) - These plans set you up with a network of doctors and hospitals who provide your health care. You must choose a primary health care physician who oversees your care and refers you to specialists, and you are only allowed to see physicians within your network.
HMOs are the cheapest of all the health care plans. They have low co-payments, usually $5 to $10 per doctor visit, and involve the least amount of paperwork.
2. Preferred Provider Organizations (PPOs) - Similar to HMOs, these plans set you up with a network of health care providers, but unlike HMOs you may see specialists within the network without getting permission from your primary care physician. If you see a non-network physician you may have to pay the bill yourself and submit it for reimbursement.
PPOs cost slightly more than HMOs, and co-payments average $5 to $10 per doctor visit.
3. Point of Service Plans (POSs) - These plans also set you up with a network of health care providers, but, for an additional fee, you may see a physician who is not part of the network.
POSs generally cost more than PPOs but are more flexible. Co-payments average $5 to $10 per visit.
4. Indemnity Plans - These plans let you choose your own doctor and hospital, and you can visit any specialist you choose. You pay a deductible, usually $500 to $1,000, before your insurance company will begin paying claims. After you pay your deductible, your company will pay most of your medical bill, usually 80%, and you pay the remaining 20%.
Indemnity Plans are the most expensive health care plans and involve the most amount of paperwork.
Cheap Health Insurance in Ohio
In order to get the best rate on your health insurance policy you need to compare rates from different companies. The fastest way to do this is to visit an insurance comparison website where you'll not only get multiple rate quotes, you'll also be able to get advice from insurance experts who can help you find the best policy for your needs. It's quick, it's easy, and it's free.
www.LowerRateQuotes.com/health-insurance.html
Thanks to rising medical costs, health insurance rates are at an all-time high. But there are places where you can get cheap health insurance in Ohio.
Health Insurance in Ohio
The first thing you need to look at when considering health insurance in Ohio are the types of insurance that are available. There are four basic plans:
1. Health Maintenance Organizations (HMOs) - These plans set you up with a network of doctors and hospitals who provide your health care. You must choose a primary health care physician who oversees your care and refers you to specialists, and you are only allowed to see physicians within your network.
HMOs are the cheapest of all the health care plans. They have low co-payments, usually $5 to $10 per doctor visit, and involve the least amount of paperwork.
2. Preferred Provider Organizations (PPOs) - Similar to HMOs, these plans set you up with a network of health care providers, but unlike HMOs you may see specialists within the network without getting permission from your primary care physician. If you see a non-network physician you may have to pay the bill yourself and submit it for reimbursement.
PPOs cost slightly more than HMOs, and co-payments average $5 to $10 per doctor visit.
3. Point of Service Plans (POSs) - These plans also set you up with a network of health care providers, but, for an additional fee, you may see a physician who is not part of the network.
POSs generally cost more than PPOs but are more flexible. Co-payments average $5 to $10 per visit.
4. Indemnity Plans - These plans let you choose your own doctor and hospital, and you can visit any specialist you choose. You pay a deductible, usually $500 to $1,000, before your insurance company will begin paying claims. After you pay your deductible, your company will pay most of your medical bill, usually 80%, and you pay the remaining 20%.
Indemnity Plans are the most expensive health care plans and involve the most amount of paperwork.
Cheap Health Insurance in Ohio
In order to get the best rate on your health insurance policy you need to compare rates from different companies. The fastest way to do this is to visit an insurance comparison website where you'll not only get multiple rate quotes, you'll also be able to get advice from insurance experts who can help you find the best policy for your needs. It's quick, it's easy, and it's free.
www.LowerRateQuotes.com/health-insurance.html
Thursday, September 6, 2007
Life Insurance:a Must in Today's Times
No one can deny the fact that life has become very uncertain these days. One only needs to glance at statistics to reveal this very sad aspect of modern times. In the last ten years, the rate of accidents in the UK has increased manifold. What is even more scary is the fact that in most of the cases, the accidents have proved to be fatal. This was quite expected, for the last ten years or so have seen life being lived at a breakneck speed and people being busier then ever. And in their eagerness to reach their destination on time, they often overlook traffic instructions with disastrous results.
Another palpable change that modern time is a witness to is the continuously rising prices. This has forced people, particularly those from middle class to live strictly within their budget. And any unplanned expenditure is a matter of great inconvenience to them. In this scenario, imagine the consequences if the only earning member of a middle class household dies untimely. It is here that life insurance proves its utility and reduces the burden of the deceased person's family by paying them the full amount of the policy.
Had life insurance not been their saviour, the family would have been shattered on the sudden demise of their only bread earner. Thanks to life insurance, such unpleasant scenario never happens and life insurance ensures that the family does not miss the absence of its only earning member, at least financially.
However, one should exercise some precaution before opting for life insurance. Firstly, he should do a thorough research of the offers made by different insurance companies before zeroing in on one that suits his need the most. One should also ensure that the policy comes to existence as soon as it is signed. Also, one should ensure that no wrong information is provided to the insurance company, or else any complication might raise its head later.
If the above mentioned steps are taken, then there is no reason why Life Insurance will not prove to be immensely useful for any household.
www.articlesbase.com/insurance-articles/life-insurancea-must-in-todays-times-207781.html
Another palpable change that modern time is a witness to is the continuously rising prices. This has forced people, particularly those from middle class to live strictly within their budget. And any unplanned expenditure is a matter of great inconvenience to them. In this scenario, imagine the consequences if the only earning member of a middle class household dies untimely. It is here that life insurance proves its utility and reduces the burden of the deceased person's family by paying them the full amount of the policy.
Had life insurance not been their saviour, the family would have been shattered on the sudden demise of their only bread earner. Thanks to life insurance, such unpleasant scenario never happens and life insurance ensures that the family does not miss the absence of its only earning member, at least financially.
However, one should exercise some precaution before opting for life insurance. Firstly, he should do a thorough research of the offers made by different insurance companies before zeroing in on one that suits his need the most. One should also ensure that the policy comes to existence as soon as it is signed. Also, one should ensure that no wrong information is provided to the insurance company, or else any complication might raise its head later.
If the above mentioned steps are taken, then there is no reason why Life Insurance will not prove to be immensely useful for any household.
www.articlesbase.com/insurance-articles/life-insurancea-must-in-todays-times-207781.html
Wednesday, September 5, 2007
Where to Compare Health Insurance to Get the Cheapest Rate
by Brian Stevens
Health insurance rates have gone through the roof, but there is a way to get affordable insurance. Here's how to compare health insurance to get the cheapest rate.
Types of Health Insurance
You have four basic plans to consider when comparing health insurance plans:
Indemnity plans (also called fee-for-service plans) - These plans let you use physicians and hospitals of your choice. Your insurance company pays a percentage of your bills, usually 80%, and you're responsible for the remaining 20%. There are yearly deductibles (the amount you pay before your insurance company starts paying claims), and some some companies set a lifetime limit on the total amount of benefits they will pay.
Indemnity plans are the most flexible, involve the most paperwork, and are the most costly health insurance plans.
HMOs (health maintenance organizations) - These plans set you up with a network of physicians and hospitals. You pay a monthly fee and your provider pays for physician visits, hospital costs, and prescriptions drugs. You must choose a primary care physician who oversees your medical care.
HMOs are the least flexible, involve the least paperwork, and are the least expensive plans.
PPOs (preferred provider organizations) - Like HMOs, these plans set you up with a network of hospitals and physicians, but unlike HMOs you pay for your medical services and are then reimbursed by your insurer. PPOs require co-payments (the percentage of the bill you pay), and if you use a non-network physician or hospital you will pay a larger portion of your bill than if you use a network physician or hospital.
PPOs are more flexible than HMOs, involve more paperwork, and cost slightly more than HMOs.
POSs (point of service plans) - These plans also set you up with a network of health care providers. Like an HMO, you must choose a primary care physician to oversee your health care, but unlike an HMO, you may choose to see physicians outside the network for an additional fee.
These plans are more flexible than HMOs and PPOs, involve less paperwork than PPOs, and cost more than HMOs or PPOs.
Compare Health Insurance Quotes
In order to get the best price on your health insurance you need to compare rates from different companies. The quickest and easiest way to do that is to visit an insurance comparison website where you can get multiple quotes from A-rated insurance companies. A few of these sites even offer an online chat service so you can ask an insurance expert any questions you may have. (See link below.)
Before you purchase a health insurance plan you should find out the following:
1. Does the plan pay for all the medical services you need?
2. Are there pre-existing conditions that will make you wait for coverage?
3. What co-payments, deductibles, and coinsurance payments are there?
4. Is the insurance company reliable and does it have a good rating?
http://www.goarticles.com/cgi-bin/showa.cgi?C=604566
Health insurance rates have gone through the roof, but there is a way to get affordable insurance. Here's how to compare health insurance to get the cheapest rate.
Types of Health Insurance
You have four basic plans to consider when comparing health insurance plans:
Indemnity plans (also called fee-for-service plans) - These plans let you use physicians and hospitals of your choice. Your insurance company pays a percentage of your bills, usually 80%, and you're responsible for the remaining 20%. There are yearly deductibles (the amount you pay before your insurance company starts paying claims), and some some companies set a lifetime limit on the total amount of benefits they will pay.
Indemnity plans are the most flexible, involve the most paperwork, and are the most costly health insurance plans.
HMOs (health maintenance organizations) - These plans set you up with a network of physicians and hospitals. You pay a monthly fee and your provider pays for physician visits, hospital costs, and prescriptions drugs. You must choose a primary care physician who oversees your medical care.
HMOs are the least flexible, involve the least paperwork, and are the least expensive plans.
PPOs (preferred provider organizations) - Like HMOs, these plans set you up with a network of hospitals and physicians, but unlike HMOs you pay for your medical services and are then reimbursed by your insurer. PPOs require co-payments (the percentage of the bill you pay), and if you use a non-network physician or hospital you will pay a larger portion of your bill than if you use a network physician or hospital.
PPOs are more flexible than HMOs, involve more paperwork, and cost slightly more than HMOs.
POSs (point of service plans) - These plans also set you up with a network of health care providers. Like an HMO, you must choose a primary care physician to oversee your health care, but unlike an HMO, you may choose to see physicians outside the network for an additional fee.
These plans are more flexible than HMOs and PPOs, involve less paperwork than PPOs, and cost more than HMOs or PPOs.
Compare Health Insurance Quotes
In order to get the best price on your health insurance you need to compare rates from different companies. The quickest and easiest way to do that is to visit an insurance comparison website where you can get multiple quotes from A-rated insurance companies. A few of these sites even offer an online chat service so you can ask an insurance expert any questions you may have. (See link below.)
Before you purchase a health insurance plan you should find out the following:
1. Does the plan pay for all the medical services you need?
2. Are there pre-existing conditions that will make you wait for coverage?
3. What co-payments, deductibles, and coinsurance payments are there?
4. Is the insurance company reliable and does it have a good rating?
http://www.goarticles.com/cgi-bin/showa.cgi?C=604566
Tuesday, September 4, 2007
More Attractive Than Other Types - Advantages of Whole Life Insurance
by Steve Madigan
More Attractive Than Other Types - Advantages of Whole Life Insurance
In this article the advantages of whole life insurance will be discussed. Whole life insurance policy is sort of a permanent or "straight" life insurance coverage. This policy is going to cover the insured for his / her entire life. The greater popularity and the increased demand of the whole life coverage is because it provides financial protection to the insurer and his or her family. The policy will also accrue a cash value and will also pay dividends.
So what are some of the advantages of whole life insurance. It offers you a low risk cash value account. Another thing is you are not going to have to worry about your premium increasing. Your cash may accumulate tax-deferred. This should provide you with a fixed premium.
You will have a level death benefit for your whole life. You can make tax free loans of your cash value if you need to. When you are ready you can convert your cash value into an annuity for income. You policy can't be canceled if you have enough cash value in the whole life insurance policy. We will cover some of these in detail in the coming paragraphs.
Some More Notable Advantages of Whole Life Insurance
One of the main advantages of whole life insurance is that you are protecting your family into the future. You are building up some equity in the life insurance policy, so this can be help in case of trouble in the future.
There is also the death benefit as an advantage. This says that the advantage of the whole life is the death benefit will not go down ever. Another nice advantage is the money that you will get is free from Federal income tax. You can also be paid out in monthly installments if you do not want the lump sum disbursement.
Premium of Whole Life is Constant
There are many advantages when comparing term to whole life insurance, and one is the premium will not get higher into the future. With term life insurance the premium can go higher in the future in some cases.
Here is a big advantage of whole life insurance policy is you build up a "cash value" over time. This cash value that builds in a whole life policy does accumulate and become useable cash reserves for you. You can use these cash reserves to pay the premium in the future.
Earn Dividends on Whole Life Insurance Policy
Another huge advantage of whole life insurance is that you are going to earn a dividend. You can receive this dividend in the form of a cash payment. This can also be used to pay up the policy into the future. This way you won't have any premium payment out into the future. This is a big difference when comparing term to whole life insurance.
So, you can see that the advantages of whole life insurance can be worth while. This will make the policy quite unique. If you are thinking of taking out an insurance policy, you should find out more about a whole life insurance policy. There are many people out there that can provide you with the information you need. Even using the internet can be a great place to start looking.
Get All Your Questions Answered
You can read right online and compare a whole life policy to a term life policy. The policy for whole life may be more expensive but the advantages of having the whole life insurance policy may in some cases be well worth the increase in premium. Whole Life Insurance protects you for your whole life, from the day you purchase the policy until you die, as long as you pay the premiums. Ask your insurance agent to explain the advantage of whole life insurance policy.
http://www.goarticles.com/cgi-bin/showa.cgi?C=602799
More Attractive Than Other Types - Advantages of Whole Life Insurance
In this article the advantages of whole life insurance will be discussed. Whole life insurance policy is sort of a permanent or "straight" life insurance coverage. This policy is going to cover the insured for his / her entire life. The greater popularity and the increased demand of the whole life coverage is because it provides financial protection to the insurer and his or her family. The policy will also accrue a cash value and will also pay dividends.
So what are some of the advantages of whole life insurance. It offers you a low risk cash value account. Another thing is you are not going to have to worry about your premium increasing. Your cash may accumulate tax-deferred. This should provide you with a fixed premium.
You will have a level death benefit for your whole life. You can make tax free loans of your cash value if you need to. When you are ready you can convert your cash value into an annuity for income. You policy can't be canceled if you have enough cash value in the whole life insurance policy. We will cover some of these in detail in the coming paragraphs.
Some More Notable Advantages of Whole Life Insurance
One of the main advantages of whole life insurance is that you are protecting your family into the future. You are building up some equity in the life insurance policy, so this can be help in case of trouble in the future.
There is also the death benefit as an advantage. This says that the advantage of the whole life is the death benefit will not go down ever. Another nice advantage is the money that you will get is free from Federal income tax. You can also be paid out in monthly installments if you do not want the lump sum disbursement.
Premium of Whole Life is Constant
There are many advantages when comparing term to whole life insurance, and one is the premium will not get higher into the future. With term life insurance the premium can go higher in the future in some cases.
Here is a big advantage of whole life insurance policy is you build up a "cash value" over time. This cash value that builds in a whole life policy does accumulate and become useable cash reserves for you. You can use these cash reserves to pay the premium in the future.
Earn Dividends on Whole Life Insurance Policy
Another huge advantage of whole life insurance is that you are going to earn a dividend. You can receive this dividend in the form of a cash payment. This can also be used to pay up the policy into the future. This way you won't have any premium payment out into the future. This is a big difference when comparing term to whole life insurance.
So, you can see that the advantages of whole life insurance can be worth while. This will make the policy quite unique. If you are thinking of taking out an insurance policy, you should find out more about a whole life insurance policy. There are many people out there that can provide you with the information you need. Even using the internet can be a great place to start looking.
Get All Your Questions Answered
You can read right online and compare a whole life policy to a term life policy. The policy for whole life may be more expensive but the advantages of having the whole life insurance policy may in some cases be well worth the increase in premium. Whole Life Insurance protects you for your whole life, from the day you purchase the policy until you die, as long as you pay the premiums. Ask your insurance agent to explain the advantage of whole life insurance policy.
http://www.goarticles.com/cgi-bin/showa.cgi?C=602799
Monday, September 3, 2007
A Short Guide to Buying Life Insurance
Luke Ashworth
Will your loved ones have a stable source of income after you’re gone? Since you have no control over this situation, how will you really know? For these reasons and many more, a life insurance policy can ease one’s mind on the topic of providing for your dependants after you’re gone.
Life insurance policies come in all shapes and sizes and are offered by more and more financial institutions than just insurance companies. So just how are you supposed to know where to begin?
For starters, you will need to calculate a dollar amount for your life insurance policy. After analyzing the needs of your family, you will want to select an insurer that you feel comfortable with (and even more importantly, one that you trust), for purchasing an item that’s equivalent to at least five years of your annual salary. Different insurance agents will have differing theories and opinions regarding your particular policy and how much it should be worth. But the simple truth is that it’s your money (the five year salary point is a generalized industry guideline). Never buy more insurance than you can afford, taking into consideration the possibility of your company downsizing and such in the future. Your policy won’t do anyone any good if it ends up being cancelled.
Your policy’s primary purpose should be for your untimely death, disability, or illness- to assist your family during discouraging times, to help pay the mortgage, college tuition, and other costly items. This is the part of a life insurance policy that you hope you’ll need to use, for paying for all of these items before you pass away is a huge financial milestone for so many. After this, retirement savings and other perks can come into your goal. But above all, be sure to check the reliability of the insurance provider before signing anything.
On a final note, it’s never a good practice to surrender your life insurance policy. The value of your policy is, again, to protect and assist financially in the untimely event of your passing – it’s not an investment strategy.
Will your loved ones have a stable source of income after you’re gone? Since you have no control over this situation, how will you really know? For these reasons and many more, a life insurance policy can ease one’s mind on the topic of providing for your dependants after you’re gone.
Life insurance policies come in all shapes and sizes and are offered by more and more financial institutions than just insurance companies. So just how are you supposed to know where to begin?
For starters, you will need to calculate a dollar amount for your life insurance policy. After analyzing the needs of your family, you will want to select an insurer that you feel comfortable with (and even more importantly, one that you trust), for purchasing an item that’s equivalent to at least five years of your annual salary. Different insurance agents will have differing theories and opinions regarding your particular policy and how much it should be worth. But the simple truth is that it’s your money (the five year salary point is a generalized industry guideline). Never buy more insurance than you can afford, taking into consideration the possibility of your company downsizing and such in the future. Your policy won’t do anyone any good if it ends up being cancelled.
Your policy’s primary purpose should be for your untimely death, disability, or illness- to assist your family during discouraging times, to help pay the mortgage, college tuition, and other costly items. This is the part of a life insurance policy that you hope you’ll need to use, for paying for all of these items before you pass away is a huge financial milestone for so many. After this, retirement savings and other perks can come into your goal. But above all, be sure to check the reliability of the insurance provider before signing anything.
On a final note, it’s never a good practice to surrender your life insurance policy. The value of your policy is, again, to protect and assist financially in the untimely event of your passing – it’s not an investment strategy.
Life Insurance:A Must In Today's Times
by Allan Elvin
No one can deny the fact that life has become very uncertain these days. One only needs to glance at statistics to reveal this very sad aspect of modern times. In the last ten years, the rate of accidents in the UK has increased manifold. What is even more scary is the fact that in most of the cases, the accidents have proved to be fatal. This was quite expected, for the last ten years or so have seen life being lived at a breakneck speed and people being busier then ever. And in their eagerness to reach their destination on time, they often overlook traffic instructions with disastrous results.
Another palpable change that modern time is a witness to is the continuously rising prices. This has forced people, particularly those from middle class to live strictly within their budget. And any unplanned expenditure is a matter of great inconvenience to them. In this scenario, imagine the consequences if the only earning member of a middle class household dies untimely. It is here that life insurance proves its utility and reduces the burden of the deceased person's family by paying them the full amount of the policy.
Had life insurance not been their saviour, the family would have been shattered on the sudden demise of their only bread earner. Thanks to life insurance, such unpleasant scenario never happens and life insurance ensures that the family does not miss the absence of its only earning member, at least financially.
However, one should exercise some precaution before opting for life insurance. Firstly, he should do a thorough research of the offers made by different insurance companies before zeroing in on one that suits his need the most. One should also ensure that the policy comes to existence as soon as it is signed. Also, one should ensure that no wrong information is provided to the insurance company, or else any complication might raise its head later.
If the above mentioned steps are taken, then there is no reason why Life Insurance will not prove to be immensely useful for any household.
http://www.look4insurances.co.uk/lifeinsurance.php
No one can deny the fact that life has become very uncertain these days. One only needs to glance at statistics to reveal this very sad aspect of modern times. In the last ten years, the rate of accidents in the UK has increased manifold. What is even more scary is the fact that in most of the cases, the accidents have proved to be fatal. This was quite expected, for the last ten years or so have seen life being lived at a breakneck speed and people being busier then ever. And in their eagerness to reach their destination on time, they often overlook traffic instructions with disastrous results.
Another palpable change that modern time is a witness to is the continuously rising prices. This has forced people, particularly those from middle class to live strictly within their budget. And any unplanned expenditure is a matter of great inconvenience to them. In this scenario, imagine the consequences if the only earning member of a middle class household dies untimely. It is here that life insurance proves its utility and reduces the burden of the deceased person's family by paying them the full amount of the policy.
Had life insurance not been their saviour, the family would have been shattered on the sudden demise of their only bread earner. Thanks to life insurance, such unpleasant scenario never happens and life insurance ensures that the family does not miss the absence of its only earning member, at least financially.
However, one should exercise some precaution before opting for life insurance. Firstly, he should do a thorough research of the offers made by different insurance companies before zeroing in on one that suits his need the most. One should also ensure that the policy comes to existence as soon as it is signed. Also, one should ensure that no wrong information is provided to the insurance company, or else any complication might raise its head later.
If the above mentioned steps are taken, then there is no reason why Life Insurance will not prove to be immensely useful for any household.
http://www.look4insurances.co.uk/lifeinsurance.php
Sunday, September 2, 2007
Female Driver Car Insurance Tips
by Paul Haughney
Nowadays car insurance companies prefer female drivers to male drivers as they are considered as less risky drivers. Although a lot of men would disagree! It may surprise you to know that it isn't necessarily because women have fewer accidents. They are involved in as many accidents as men. However, the overall damage caused by women is not as much in the majority of cases. Subsequently their insurance claims after are a lot less overall. That is why on an average women's car insurance premiums tend to be at least 20% % lower than that of their male counterparts having the same demographic profile.
Women, in general, drive at lower speeds than men. It's all these boy-racers who are making it hard for their older counterparts. And even some of the older men driver faster than they can really handle or control. So due to the number of lower speed by women the accidents caused by lady drivers are not as serious. So, even if they might make a claim as often as males do their claims are just less, which gives insurers lower premiums. Since male drivers, on average, drive at higher speeds then even if they crash on their own, the loss is high.
A female is regarded to be a better risk even from the age of 17. There are many premium discounts available for young lady drivers, like taking the pass plus certificate. The pass-plus is a series of extra lessons that a young lady driver learns following their standard driving test. Passing the pass-plus can gain you a discount of around 30% for the first year. Given how much some insurance companies charge to first time drivers a 30% discount could equate to a few £100. That would be enough to full the petrol tank for a good few miles!
And even more recently a number of new car insurance companies have started to specialise in car insurance for women drivers. These companies tend to insure women drivers only. An example of this in the UK would be Sheila's Wheels. In fact they can be so strict as to not encourage the woman to get an insurance policy with her husband. Because they can't give the same level of discount due to the perceived risk posed by the husband. So the best deal is to just get the woman insured on a stand-alone policy as this gives the lowest risk and hence the lowest premiums. It means providing less risk in total, meaning lower premiums in total.
So, for the insurance companies there is a double edge sword, which can really pay off. On the one hand they offer lower premiums which means equates to lower profits. However they expect to generate a high volume of insurance policies for women so that tips the balance in their favour as more and more women seeks out these specialised policies.
You should seriously consider these specialist companies if you are a woman. As with any standard insurance policy you can benefit from additional discounts if you park your car overnight in the garage, or off-street. Or by getting additional driving lessons, such as the Advanced Drivers Test, or driving a low amount of miles over the course of the insurance year.
http://www.goarticles.com/cgi-bin/showa.cgi?C=600688
Nowadays car insurance companies prefer female drivers to male drivers as they are considered as less risky drivers. Although a lot of men would disagree! It may surprise you to know that it isn't necessarily because women have fewer accidents. They are involved in as many accidents as men. However, the overall damage caused by women is not as much in the majority of cases. Subsequently their insurance claims after are a lot less overall. That is why on an average women's car insurance premiums tend to be at least 20% % lower than that of their male counterparts having the same demographic profile.
Women, in general, drive at lower speeds than men. It's all these boy-racers who are making it hard for their older counterparts. And even some of the older men driver faster than they can really handle or control. So due to the number of lower speed by women the accidents caused by lady drivers are not as serious. So, even if they might make a claim as often as males do their claims are just less, which gives insurers lower premiums. Since male drivers, on average, drive at higher speeds then even if they crash on their own, the loss is high.
A female is regarded to be a better risk even from the age of 17. There are many premium discounts available for young lady drivers, like taking the pass plus certificate. The pass-plus is a series of extra lessons that a young lady driver learns following their standard driving test. Passing the pass-plus can gain you a discount of around 30% for the first year. Given how much some insurance companies charge to first time drivers a 30% discount could equate to a few £100. That would be enough to full the petrol tank for a good few miles!
And even more recently a number of new car insurance companies have started to specialise in car insurance for women drivers. These companies tend to insure women drivers only. An example of this in the UK would be Sheila's Wheels. In fact they can be so strict as to not encourage the woman to get an insurance policy with her husband. Because they can't give the same level of discount due to the perceived risk posed by the husband. So the best deal is to just get the woman insured on a stand-alone policy as this gives the lowest risk and hence the lowest premiums. It means providing less risk in total, meaning lower premiums in total.
So, for the insurance companies there is a double edge sword, which can really pay off. On the one hand they offer lower premiums which means equates to lower profits. However they expect to generate a high volume of insurance policies for women so that tips the balance in their favour as more and more women seeks out these specialised policies.
You should seriously consider these specialist companies if you are a woman. As with any standard insurance policy you can benefit from additional discounts if you park your car overnight in the garage, or off-street. Or by getting additional driving lessons, such as the Advanced Drivers Test, or driving a low amount of miles over the course of the insurance year.
http://www.goarticles.com/cgi-bin/showa.cgi?C=600688
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