Underwriting for Individual PoliciesAll states require the medical underwriting of individual policies. This helps insurance company to verify the applicants medical history and lifestyle before determining the type and price of the policy. Through underwriting, the company wont be able to refuse if the condition does not exist or not defined at the time of application. However, it could be a basis for the company to refuse coverage for anyone...more
Shopping for long term care insurance cant be accomplished in two to five hours. This is not a typical insurance that you can just forget and replace it with other coverage. Getting long term care insurance entails time and proper planning to ensure that youll get good services once you reach retirement years or any time you need it most.You should be money-wise.Assess your needs. The types of long term care services differ from one provider to...more
Have you heard of long term care insurance for so many times but still unaware on how is it going to affect you? The common blunder is that people only consider getting insurance coverage once they get into a point when they are seriously ill, incapable of doing simple chores, and run out of budget for nursing home care. You may have vigorous lifestyle and health today, but someday those comforts will suddenly fade in later years. Long term care insurance, although ideally, saves you from catastrophic experiences of adulthood and retains the life you have had, without worrying that your familys finances are at stake. Here are some reasons why long term care insurance is important:1.Having long term care insurance keeps your independence and dignity. How? Some people exhaust their assets for out of pocket expenses on nursing home only to end up bankrupt, while others puts their money in trusts. Without sufficient money or resources to fund for long term care, you may qualify for the federal program called Medicaid. Medicaid beneficiaries receive mediocre services: most nursing homes reject Medicaid patients, and if they do they only offer semi-private with little or no privacy. Its...more
Getting whole life insurance is one of the best investments you can make for your family for after you are gone and cannot take care of them anymore. Through whole life insurance you can make sure that your family is well taken care of financially so they can focus on the more important things. Insurance companies collect information on their...more
A question asked often by many people is "What is term insurance?" Consumers often find themselves at crossroads when buying insurance. It is a life insurance policy that provides coverage for a certain period of time. Life term insurance provides guaranteed benefits depending on how many years the policy lasts. Term insurance can...more
Long term care insurance is insurance which gives for in-home care of the patient. This would be added to the patient's current health insurance plan, or it is provided through Medicare plans. It's a plan which should be purchased separately from services for health coverage such as doctor's appointments or hospital stays.The services that long-term care insurance covers are services for the elderly or patients who want help with daily living activities at home such as quadriplegics. Daily living activities include dressing, meal preparation, showering, or driving to appointments. This service would pay for someone like a caregiver to come into the home to help with these needs. It is helpful for folk whose close members of the family are not able to fully provide these needs.The population which has used this insurance most frequently is the aged and younger folks who cannot function on their own. This may also include services for respite care which could comprise caring for youngsters with disabilities or younger adults who have been seriously wounded. Many old patients might have cognitive defects like Parkinson's illness or Alzheimer's where their communicative and memory...more
Life insurance is probably the most overlooked or lacking aspect of peoples estate planning. Many clients claim that financial security for their spouse and/or children is a priority, yet when the subject of life insurance comes up, they often look...more
If you are over 65, or if you are taking care of an elderly person, you may have gotten some offers for senior life insurance. There are a lot of big companies, like AARP, that market a variety of life policies for older people. A lot...more
50000 executives /agency managers & 12 lakh part time agents of Life Insurance companies are going to be out .These are the estimates of Research & Analysis Wing of Insurance Foundation Of India and were released by S. K. Sethi ,Vice...more
Don't let the fact that you are someone who does not have any health insurance at this point in time prevent you from getting the medical attention that you need. If you know that you are sick, things are only going to get worse for you...more
The latest book - The Dealer and the Dead - from Gerald Seymour is raw and hypnotic at the same time, though it does look more like reporting rather than fiction. You may also be disturbed by its brutality. This is the story of a British arms dealer...more
Like most other things, getting the best insurance deal does not necessarily mean that it will be the cheapest option. Sure, everyone likes to get a good deal and occasionally you may come across a bargain but most of the time, when...more