Archive for December, 2009
What Should My Medical Insurance Cover?
Posted by Insurancedojo in General on December 31st, 2009
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Medical Insurance cover is a necessity in these trying times. If your employer does not provide you with insurance, then it should be your priority to insure yourself and your family. It is best to take action when you are young and healthy. It is a lot easier and economic to do so. Before you decide on the plan and the premium, take time to research. Understand how different policies work and what they offer. You can seek help from your doctor who can advise you on what should be included in your coverage. Your coverage should basically cover your regular health requirements, routine check ups etc. The necessities of the medical insurance cover vary depending on the type of insurance you have opted for; Individual or family cover.
What should a Medical Insurance cover? It is generally the first question that comes to mind when shopping for a medical Insurance. Here are some general suggestions.
The basic policies cover you from freak accidents, hospital bills and room charges. Make sure you insure yourself against all hazards which could affect you. Usually they have very low premiums. However, there are a few policies that do cover you for out patient bills as well. With some extra premium you can avail of special covers like cost of tests and drugs.
If you smoke cigarettes, there are very few insurance companies willing to cover you. As most number of untimely deaths recorded in the world is due to smoking, it is a high risk for insuring them. But there are some insurance companies offering ’special policies’ for smokers. Needless to say the policies are very expensive.
If you are a parent, you should opt for a family medical insurance cover. Either you or your spouse can get family insurance cover. Children are prone to illness and small accidents on the school grounds leading to frequent visits to the local doctor. Such visits can pile up on your expenses. A family insurance policy is the only way to keep these expenses at bay. Act wisely for your benefit and also for your family’s sake.
Insurance companies generally back off in cases of future detections of chronic diseases. Make sure you have a non cancellation clause on your cover.
Policies should ideally cover your expenses due to uncertain accidents or health related issues. When buying health cover, be wise enough to read through the policies and the fine print. Policies mention what they cover and what they do not cover.
You and your family are entitled to benefit from the policy. It is an expense which one would never regret.
If you are having trouble choosing the right type of medical insurance, then, log on to Insurancecaredirect. Here you will find information on all aspects of health insurance including low cost health insurance options.
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How Does Life Insurance Work?
Posted by Insurancedojo in General, life insurance on December 31st, 2009
What is life insurance and how does it work?
Life insurance is a contract between an insurance company and the person insured.
If you buy life insurance you agree to pay a premium and in return, if you die, the insurance company will pay your family (beneficiary) the agreed upon amount of money provided by the life insurance policy (the face amount).
Some life insurance policies have exclusions, such as suicide within 2 years of owning the policy, for which they will not payout.
Usually the proceeds paid from a life insurance policy to a beneficiary are paid free from any federal income tax.
You can learn more about the different types of life insurance by reviewing this article explaining term life insurance vs permanent life insurance
Term life insurance offers you the most life insurance coverage at the lowest cost.
Here’s a complete review of how term life insurance works.
NEW! Here’s How to Buy up to 0,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.
Disclosure: Compensated Affiliate
Life Insurance Coverage?
Posted by Insurancedojo in General, life insurance on December 31st, 2009
I am 23 years old with Group Life Insurance coverage through my employer at my job.
I was wondering what is the maximum amount of Life Insurance Coverage I need at this point in my life given my age?
I am single, no kids, and I rent an apartment. I have money for college, a car note, a few credit cards.
I currently have 0,000 coverage from my group life insurance plan at work.
Is that too much? Will my family not receive all that if something was too happen to me today? Is group life a good way to go? How much coverage should I have?
The right amount of life insurance for you depends on your personal situation and financial goals. If you have no one who relies on you for financial support, and money saved to pay off your outstanding debt, then you may have more than enough life insurance now.
For a 23 year old, 0,000 an extremely high amount of group life insurance to own.
Group life insurance coverage is usually based on your salary, with your employer paying for coverage for one year’s salary, and you buying the rest – in increments of your annual salary.
Your named beneficiary will receive the face value of the policy, if you die while the life insurance policy is active. So, yes, the beneficiary would receive the payout unless you died from something excluded in the policy.
When you leave your job, most likely your group life insurance will end.
As to how much coverage you need – enough to achieve your defined goal. No goal, no need. Here’s a term life insurance calculator to help you figure out how much life insurance is right for you.
Since you are young and healthy, buying a term life insurance policy now may be very affordable and guarantee you life insurance if you leave your job, get married, buy a home, and/or have children.
The time to plan is now when you are young and can qualify for your own individual life insurance policy.
You may want to consider lowering your coverage at work and using the extra money to buy your own 30 year level term life insurance policy to protect you for your future goals in life.
Here’s how you can request your free, instant term life insurance quote comparisons online with no delays.
NEW! Here’s How to Buy up to 0,000 of Term Life
Insurance without any Medical Exam,
Just a Few Health Questions.
Disclosure: Compensated Affiliate
Does Your Occupation Change Your Pasadena TX Car Insurance?
Posted by Hector Jimenz in car insurance on December 31st, 2009
If you believe the old adage that you are what you eat, it follows in the car insurance business that you’re likely to drive what’s on your mind. In simple terms if you are in a hurry and stressed, the chances of getting in an accident rises.
Recently, Quality Planning Corp. and Insure.com released their list of the top most crash-prone professions. Not surprisingly, the list probably aligns quite well with the types of jobs your mother always thought you’d do one day.
Perhaps it’s a sign that the people getting in the most accidents tend to have the most stressful jobs. There’s no yoga instructor on this list.
The top ten list sure looks like an overachiever’s roll call and many of the professions on the list tend to get called into duty with some urgency.
Here’s the list of the top ten, with Insure.com’s speculation about why each profession tends to rank so highly:
1. Doctors Per year, every 1,000 doctors average 109 accidents and 44 speeding tickets, making them the top profession. Are the residents and interns to sleep deprived and to tired to not be able to stay on the road?
2. Lawyers
Per year, every 1,000 lawyers average 106 accidents and 37 speeding tickets. No need to chase ambulances when you’re already at the scene of an accident!
3. Architects
Per year, every 1,000 architects average 105 accidents and 72 speeding tickets.
4. Real estate brokers
Per year, every 1,000 real estate brokers average 102 accidents and 39 speeding tickets. No big secret why – have you ever seen a realtor without a cell phone glued to his or her head?
5. Enlisted military personnel
Per year, every 1,000 enlisted military personnel average 99 accidents and 78 speeding tickets.
6. Social workers
Per year, every 1,000 enlisted social workers average 98 accidents and 33 speeding tickets.
7. Manual laborer
Per year, every 1,000 manual laborers average 96 accidents and 77 speeding tickets.
8. Analysts
Per year, every 1,000 analysts average 95 accidents and 40 speeding tickets. Perhaps if they analyzed how much they could save with a good driver discount, they’d be more careful.
9. Engineers
Per year, every 1,000 engineers average 94 accidents and 51 speeding tickets. Using a calculator while driving definitely won’t help their cause.
10. Consultants
Per year, every 1,000 consultants average 94 accidents and 50 speeding tickets. Perhaps they could give themselves advice on how to be better drivers.
Now if you find your occupation on the list above you should not be alarmed. Your agent will ask you for your profession when signing up for car insurance in Pasadena TX but your insurance cost most likely will NOT be effected.
There are numerous factors figured in for your auto insurance policies like your zip code, current driving record, etc… but most likely are not based on your career choice.
If you would like more information on Pasadena TX auto insurance make sure to see this local company: Pasadena car insurance
Auto Accidents Happen-Here’s What To Do If You’re Involved
Posted by Vic Shallow in car insurance on December 31st, 2009
Many times when a person is involved in an accident emotions can run very high and it’s easy to forget to follow the proper procedures. If you drive car on a regular basis the odds are pretty good that at some point you’ll be involved in an accident. When the time comes, following a few simple steps can help to keep the accident scene as safe as possible, and will help to ensure that the at fault party assumes responsibility. Take a few minutes to write down the following steps and keep the information in your glove compartment.
* The first thing to do if you’re involved in an accident is to stop your vehicle and pull off the road if possible.
* Check to see if anyone is hurt. If so call 911.
* Call the police and report the accident. Beware of anyone who doesn’t want the police involved. Call the police!
* Put out flares or cones to redirect traffic around the accident if the vehicles can’t be driven.
* Exchange information including , name, address, and phone numbers of all drivers and witnesses. Driver’s license numbers and license plate numbers. Insurance company info. Year, make and model of vehicles involved once the accident scene is safe.
* Make some notes about the accident including exact time and location, weather and road conditions.
* Ask witnesses to write a short statement of what they saw.
* Only discuss the accident with the police. Don’t give your opinion of what happened without the police present.
* When the police arrive give them your full cooperation. Get the officer’s badge number and ask for a copy of the accident report.
* Call your insurance company and report the accident as soon as possible.
You can make a bad situation a little easier to deal with by knowing what to do before an accident happens. Take the time to be prepared. Reviewing your auto insurance policy to make sure you have the right coverage is always a good idea.
To start saving on your car insurance visit auto insurance comparisons or for free quotes on your health insurance go to health insurance comparisons
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