Archive for February, 2010
Life Insurance and Suicide?
Posted by Insurancedojo in General, life insurance on February 28th, 2010
Does life insurance pay out a claim to the beneficiary if death is a result of suicide?
What if a schizophrenic did it if their meds were not working and didn’t really know what they were doing?
Is there ever an exception to that rule?
Most standard life insurance policies will pay out on a claim for suicide, after the contestable period is over.
In most states suicide is excluded the first two years of the policy, one year in some states like Colorado.
Most schizophrenics won’t find an insurance company willing to give them a life insurance policy.
However, there are insurers that may insure high risk people with mental or physical conditions. These plans may be considered guaranteed acceptance life insurance policies.
You can review the exclusions of the life insurance policy you are considering buying before you purchase it. In addition, review the Incontestable Clause.
There are also term life insurance no exam policies that offer life insurance protection without any physical exam, blood or urine tests, just a few health questions.
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
Chile Earthquake and Tsunami Watch
Posted by Insurancedojo in General, life insurance on February 28th, 2010
Source: CNN
The country of Chile has been hit by a “Great Earthquake” reaching 8.80 magnitude on the Richter Scale.
The earthquake hit Santiago, Chile at 1:34 a.m. local time this morning.
Buildings in Santiago were reported to have shaken for between 10 and 30 seconds, with the loss of electricity and communications.
More than 122 people are reported dead so far – official total at this time per CNN.
To give you an idea of the power of this earthquake, Haiti’s earthquake was 7.0. The energy release increases by 32 times from 7.0 to 8.0.
So, the energy released by the Chile earthquake was almost 64 times greater than the quake in Haiti recently.
Our prayers and thoughts are with those experiencing this terrible catastrophe in Chile.
More than 30 aftershocks have already hit throughout South America. Aftershocks from this initial earthquake may continue for up to the next month or so. One aftershock registered 6.9 on the Richter scale.
Tsunami warnings have been issued for Hawaii.
Protect the ones you love. You never know what tomorrow will bring.
Consider life insurance to provide the financial security and protection your family deserves.
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
I have a non-smoker rate on my life insurance what happens if I start smoking?
Posted by Insurancedojo in General, life insurance on February 28th, 2010
What happens to my life insurance policy if I start smoking after I have purchased a life insurance plan based on non-smoker rates?
When a life insurance company reviews your application for life insurance they base your coverage and your premiums on the information you provide, as well as, the results of any medical exam and blood testing that may be required.
If you have not smoked prior to buying your life insurance policy, and the results of all testing show no nicotine or continine in your system, the policy should be rated based on non-smoker rates.
If you started smoking after your life insurance policy went into effect, you should be covered by the policy and if you die your beneficiary would receive the payout on the life insurance plan.
However, if you did smoke prior to buying the life insurance and did not admit it on the application, the life insurer may adjust your premiums to a smoker and take out that difference from the payout on the life insurance policy.
If you died as a direct result of smoking within two ears of buying the policy the insurer may dispute the payout based on a material misrepresentation of the facts on your life insurance application.
It’s always a good idea to tell the truth when answering the questions on your application for life insurance.
In addition, you could ask the insurance company and/or your life insurance agent to give you an answer to your question in writing so you are aware of the insurer’s policy as it applies to this question.
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
Pre-Existing Conditions
Posted by Insurancedojo in General, health insurance on February 28th, 2010
A pre-existing condition can affect your health insurance coverage. If you are applying for insurance, some health insurance companies may accept you conditionally by providing a pre-existing condition exclusion period.
Guidelines On How To Select A Car Insurance Firm
Posted by Insurancedojo in General on February 28th, 2010
- Image by Ian Hampton via Flickr
There are many car insurance firms in the market, with each one declaring itself to be superior and more economical than the other. That is the reason why it becomes crucial that you conduct a detailed study and adhere to some simple rules before you purchase insurance for your car.
The first task is to decide how much insurance would be needed by you. If you are in a moderate risk group, it might be advisable to go for lesser insurance. It might leave you open to some risk, but it is much cheaper and the benefits might outweigh the costs.
It is also essential to determine what type of car insurance fits your budget. A number of companies offer discounts and incentives, and you must be able to negotiate the amount of coverage you can get for the price you are ready to pay. However, it might not be very useful to just go for an inexpensive car insurance quote, as in case of a mishap, it might just turn out to be inadequate. Therefore, make sure to read through the conditions mentioned in the policy and figure out the monthly or annual premiums you have to pay.
The employees are usually an excellent indicator of the type of services the car insurance company will be able to provide. You must consider it a positive sign if your agent is skilled, knowledgeable and amicable.
You should ensure that you do a full and careful background verification of the car insurance companies that you find appealing. Their stability and reliability should be known to you, which can be estimated by looking at their market performance or data from public sources. You can also refer to the internet for feedback and comments made by the public about the insurance company on several online forums and blogs.
It is vital to pose your query to the car insurance provider about any doubts that you might have, and exactly what is expected from your side in case of a mishap. In the end, you should strike a deal that fits well into your scheme of things.
Find out more about reasonably priced motor insurance and get a free car insurance quote in an instant. Get a totally unique version of this article from our article submission service
categories: vehicles,marketing,car insurance,motor insurance,accident,car auto insurance,car insurance quote,investment
Related posts:
- How To Save On Car Insurance It is very important to find the right coverage for…
- Car Insurance Policies That Fit Your Needs Because it is the law to have car insurance, it…
Related posts brought to you by Yet Another Related Posts Plugin.
-
-
You are currently browsing the archives for February, 2010
