February 18th, 2012
What is whole life insurance? What would make you decide to get one? Whole life insurance is one of two kinds of life policies that you can get, the other being the more common term life insurance. So what’s whole life, then? Whole life insurance is a type of policy that, as the word implies, insures a person for his or her entire life. Regardless of when he or she passes, his or her beneficiaries as ensured that a claim will be received. Also, interest on premiums called dividends can be withdrawn or just left to simply grow. This often serves as a retirement fund of sorts to some. As with term life policies, whole life insurance has a set time and amount of monthly premiums that must be promptly paid, although whole life premiums tend to rise as the policy holder gets older. Whole life insurance provides a wider coverage than term life insurance. However, the cost of acquiring such a policy would also be higher.
February 9th, 2012
If you have ever pondered, “I want to sell my policy, but selling my life insurance policy the right way is more important than rushing the process”, then you are off to a great start. Once you have come to the conclusion that this is the right thing to do with your unwanted life insurance policy, you should begin by doing your due diligence, researching life settlement brokerage firms with the BBB, to ensure that they have zero complaints against them.
This way, you will make sure they are a legitimate company and the chances of anything bad happening are slim to none. There are many people that pray on the vulnerable, so this is why this step is so critical in ensuring that you do things correctly the first time. This will be one of the largest transactions where you receive a lump sum of cash, so heed my warning, do your research to sell your life insurance policy the right way.
February 4th, 2012
Legalshield is a large pre-paid legal services group that has memberships numbers of 1.4 million people and growing. For a reasonable monthly fee a person chooses one of the various plans offered and then becomes entitled to an attorney or law firm that offers services in the area of the legal issue the person has. There are a large range of services that are offered members and exactly what is covered depends upon the plan that you have chosen. Just as there are different tiers of medical insurance coverage, the same is true of legal services. Although called pre-paid, this type of membership plan operates much like an HMO medical plan does. All you have to do is make your monthly payments and if a situation comes about that requires legal assistance, then you know who to call and you will know that it is paid for. The peace of mind in knowing who to call is worth as much as the cost savings.
January 26th, 2012
I decided that I was going to get life insurance even though I am only twenty five years old. I was going to be getting a new car, and I was so excited. The first thing that I did was call my insurance agent to add my new car to my policy. My agent was great and he asked me did I also want to get life insurance quotes, at first I thought that it was not something that I should have to worry about, but then I realized that it was something that was important, so I got the quote, it turned out that I was only going to have to pay about eight dollars a month, but if I died or anything happened to me, my family would get over fifty thousand dollars and I they could use that money to help out with the funeral cost. It seemed like the perfect package for me, and I feel very secure in knowing that my family will get money if anything were to happen to me.
January 26th, 2012
In this age, the degree of uncertainty over future occurrences is something that compels many people to seek insurance coverage for their health. At best, we cannot prevent certain things from happening, but with adequate insurance coverage, we can help cushion the effects of such events or occurrences. Thus, it is unwise to walk about, sleep, eat or do anything if you are not covered by an insurance policy and more so a health insurance one. Below are some of the most frequently asked questions in regard to health insurance.
What is universal healthcare?
This is a kind of health insurance program that is mandatory in countries which have implemented legislation for mass coverage. Working citizens and those who are financially able pay premiums under respective plans. The government then uses the contributions to partially pay for treatment of patients in public, healthcare centers, and clinics. Patients pay a small amount of money towards their treatment thus improving general healthcare. The pros of universal healthcare outweigh the cons. It promotes healthcare for all disregarding age, gender, employment and financial status or physical and mental conditions. Aside from that it aims at enlightening the public on preventive measures of certain health conditions and promoting general well-being through public education. The downside of universal healthcare is that at times it favors specific areas more than others.
What is COBRA?
COBRA is a policy that allows someone who was recently in employment to retain their insurance policy for a certain period of time as they seek new employment or other insurance policies. Thus you continue with the group plan you had only that you be paying more in terms of premiums than before.
Who is eligible for COBRA?
Everyone is eligible for COBRA as long as their reason for termination of employment, whether voluntary or involuntary, was not as a result of misconduct. Also your employer should have a minimum of 20 employees without which the COBRA will not be issued.
Does COBRA expire?
COBRA is a short term policy that lasts between 9-18 months after you accept the policy. However, if you delay with payment of premiums or exceed the allocated time to accept or decline COBRA, then the policy is cancelled. So the answer to the question ‘does cobra expire?’, is yes and once it expires it cannot be renewed until your next employment.
What are medical insurance records?
These are information pertaining to your health and they include your name, age, gender, contact information and other such relevant information about you. Medical insurance records helps insurers keep track of your health status, the premiums you have paid, medical billing, your policies and so on and so forth. They are mostly stored by insurance companies but you also need to have your own copy of the same. These records assists in determining your premiums and can help you decide which policy would work best for you.