Archive for the ‘Types’ Category
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Why Choose Endowment Policies?
Why choose an endowment policy? Well, if you’re a person who needs some kind of insurance protection (let’s say you’re a parent with young kids), but wants to get his money back during his lifetime (once the kids are old enough to stand on their own), then an endowment policy is for you. [...]
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Life Insurance - the different types
There are two general types of life insurance and choosing the best of them assures that you get the best value for the premiums you pay. They are term and permanent life insurance, and from the names you can surmise their differences. Term insurance is effective for a time period (term) that is indicated in [...]
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Survivorship life insurance
Survivorship policy is a special type of life insurance that wasn’t widely understood as the conventional life insurance. Also called “second-to-die” insurance, this type of policy insures two lives in one contract. The death benefit is paid only after the second person dies. For this reason, the cost of a survivorship policy is typically much [...]
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Mini Med’s and Health
Mini packages have been around for quite sometime and they are now becoming the hot product for the industry due to their low price and limited coverage periods. These packages were initially designed for the seasonal worker market which allows these people to get the necessary insurance when they need it most, when they’re working. [...]
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The Land of Many Cultures – Under Strain
Immigrants have long been coming to the United States which if it were left to itself may have an America which is over-run by nationals from all over the world who want a better life. May they be immigrants or asylum seekers; they are all facing a very harsh reality that life in America is [...]
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Health Care Costs at Unprecedented Levels
The crisis that the health care system is facing has been brewing for sometime and thankfully, it is finally getting much needed attention from media, the general public and lawmakers. This may be due to the many studies that even with healthcare many people still end up surprised with the high costs even in the [...]
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The Medical Examination Process
This is part of the insurance process for most providers, especially for those who are trying to avail coverage of more than a million dollars. This is to assure that the insurance company is getting a fair deal which is why people are told to allow total disclosure as possible for any hidden medical condition [...]
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HSA’s
Health Savings Accounts have been met both with love and disgust by many due to difficulties that have been brought up by their introduction. The many packages and types of insurance that are around are truly dumbfounding that many still have no idea what the nuances of such insurance policies are. The other side of [...]
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Your age and insurance exams
As you may already know, most insurance companies require medical examination for all prospective clients to ascertain heir eligibility for life insurance. Your age plays a big part in your ability to get cheap insurance and the higher the cover, the more likely the chances of the firm requiring you to get a medical exam [...]
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Joint insurance policies
This form of insurance cover allows a couple to get protection but mainly covers the primary person stated in the insurance policy. Both parties are covered but if the person who dies is the stated principal for the policy, this leaves the second insured uncovered and thus vulnerable to financial troubles. Insurance industry experts advise [...]