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Sunday, June 29, 2008

How To Buy Health Insurance

It is essential that, you as a consumer understand as much as you can about health insurance, particularly the policies you are considering purchasing. Research first and research well. Learn what types of policies are available in your area and age group. Look into the A.M Best rating for the carriers you're considering. Ask your agent.Check out your agent as well. Is he an independent or captive agent? An independent agent represents many insurance carriers and is not limited and will therefore most likely push only the policies of a particular insurance company. What hours is the agent available to you should you have problems or questions?Make certain you completely understand the limits of the policies you are considering. Know beyond a doubt what the insurance plan covers and how they pay, or you will be reimbursed for office visits, prescriptions and other covered medical services.Insurance language is usually confusing, and often proprietary. Make sure everything you expect is in writing and that you understand what the policy actually says. Your agent should be able to help you in this regard. Enlist his assistance in interpreting what is in your contract, but make sure all the coverage you expect is actually written in the contract. The last thing you'll want to discover is that you've been faithfully paying for a policy that does not cover what you had thought it did.To save a few dollars (can be very significant savings) consider purchasing a plan with a higher deductible. You might even consider an HSA, or Health savings Account which covers you for the major medical bills, while allowing you to deposit money into a special interest bearing, tax deferred account which you will use for the minor, less expensive medical charges. Discuss this option with your agent.Also consider joining an organization, or association which offers a group health insurance plan. In many cases (but certainly not all) a group plan can be less costly and cover more than an individual plan. Read your renewed policy every year. Read all the fine print. Make certain that your new policy covers everything the old one covered, everything you need covered. The health insurance industry is constantly changing, as are you. Make certain your policy keeps up with your needs. (article by : Rick Bronstein)

Friday, June 27, 2008

Travelers Auto Insurance - Get an Auto Insurance to travel safe

One thing is for sure; living is not possible without risk. There is no need for you to stop traveling since it is a passion of yours, but to be responsible, you do need to take some precautions and obtain the medical and automobile requirements that you need if there is ever a serious emergency. To do so, you could consider travelers auto insurance, as it can relieve you from any worries you may have. As is the case in any personal injury or accident, if you have an accident while you are traveling outside the country, you may have to be hospitalized in a foreign country or possibly even evacuated by air. Travelers health plans (and auto coverage) for health care at any location worldwide, including immediate air evacuation, emergency repatriation, etc., are now offered by some insurance providers. You may be exposed to significant financial liability if you do not have the right travel insurance that best suits your needs. You'll likely have greater feelings of exhilaration and excitement when you step on that plane, if you know your life and property are secure as you head overseas on your trip.
Here are some tips for you if you are traveling soon and are in need of travelers insurance.
First of all, you will need Health Insurance. Usually your health insurance does not cover you outside of the country, so that should be an item you discuss with your insurance company to verify what you are covered for.
Secondly, look into your automobile/car insurance. It's wise to apply for an international driver's license if you're going to rent and drive anywhere when you travel overseas. You need to understand the traffic laws in the country you are planning to drive in as they may differ from the local traffic laws where you live. Make certain you have good auto insurance coverage before you depart. Your personal car insurance policy will not cover you if you are traveling abroad unless you have a true umbrella policy that covers you worldwide. Before you leave you can do this by contacting your agent or auto insurance company.
Whatever you do, don’t go on your trip until you check out the traveler insurance provider options. Providers and travelers auto insurance is available online so look into it now.

Tuesday, June 24, 2008

5 Reasons For Getting Commercial Auto Insurance

The commercial auto insurance provides security of auto own by you for the business purpose. The commercial auto insurance gives bodily injury as well as liability coverage. The vehicles are used for the commercial purposes are trucks, car, buses, van and trailers.Different types of commercial auto insurance coverages are available for vehicles such as:Business coverage:The business insurance is provided for the personal travelers and commercial vehicles who are involved in any businesses. It is clear that the cargo companies, auto dealers and auto service companies are not allowed.Primary/ personal coverage:The commercial auto insurance provides primary coverage, which gives legal responsibility, cost of protection etc. The commercial auto insurance covers bodily injury. It gives protection from injury, however it is different from the personal auto policy. Comprehensive/Collision coverage:Comprehensive and collision coverage are available which covers defined threats due to there be some reason responsible for losses. The collision coverage it covers repairs, restore or compensate the totaled auto.Garage Coverage:The auto dealers are not covered under the business coverage but they are covered under the Garage Coverage. The garage coverage includes liability coverage, insurance for garage keepers and bodily injury.Trucker's Coverage:The Motor Carrier Act need truck owners to confirm to convene financial requirement because truck owner’s will responsible for any losses during the move. Looking to this the insurance company provides trucker's coverage to the truck business owners. Under the trucker’s coverage the basic liability coverage, bodily injury and trailer replacement insurance are covered.The auto insurance either it is personal or business purposes are essential now a day due to security reasons. Looking to this fact the most state transport agencies and federal agency are also made come insurance coverage compulsory. It will reduce the liability and give proper security to the auto owners.

Sunday, June 22, 2008

Life Insurance Cover- Some Specific Terms Defined

Life insurance cover is sought and possessed by many people as it is a rather straightforward type of insurance. The life insurance cover mechanism is simple. The beneficiaries of the life insurance cover policyholder may obtain benefits upon the death of the insured. However, the death of the insured must occur during the term of the life insurance cover or as defined by the policy itself.Before buying life insurance cover, there are certain terms which can be vital to know and to remember. Not knowing these terms can restrict you from having the most suitable life insurance cover. Let’s have a look.Cash or Surrender Value is used in life insurance cover to enable the insured to obtain a loan or even retrieve money from his account during an urgent situation. When this option is invoked, the life insurance cover will reduce its benefits and the policy will be more likely to be dropped. So, in case you are in a bad financial situation, think well before you choose this option. But it can be good to include this option with your life insurance cover just in case you have no other alternatives and really need money.The policyholder is the person who owns the life insurance cover and whose name is written on the policy. Also, it is the same person who accounts for paying the life insurance cover premiums every month or year as arranged with the insurance company. It can be vital to think carefully before agreeing to pay your life insurance cover premiums on a yearly basis. In case you encounter a financial imbalance, you may find it hard to account for the total payment and may eventually lose your life insurance cover.A unit link life insurance cover is a type of policy that offers life insurance protection as well as returns on the premiums already paid. The premiums may be invested in debt or equity and the insured has the right to decide the investment of his choice. This type of life insurance cover can be considered as one of the most expensive ones in the market. So, unless you have the money, choosing the whole life insurance cover for example, can be a good choice.A policy loan is a loan that can be awarded by the insurer to the insured from its own funds. However, this loan is obtained as the insurer uses the policyholder’s life insurance cover value as a security for the loan. This means that in case the insured is unable to repay the loan, the insurer will account for it by canceling out the life insurance cover. Therefore, do not invoke this option unless you are finding it hard to get a loan from the bank.Finally, a ‘with profits’ life insurance cover is a type of cover where the insurance company awards the insured a percentage of its profits as bonus. The bonuses can be obtained on a yearly basis or when the life insurance cover expires.

Saturday, June 21, 2008

Homeowner?s insurance tips guide

As the demand for homeowner insurance is increasing day by day, numerous companies are offering the home insurance policy. Since a myriad of options are available now, an individual needs to be quite careful while purchasing a policy. There are several key points that should be borne in mind and that can actually help you purchase a good policy. Before you start looking around for a policy, decide amongst yourself what all coverage and the coverage amount you want. Then look for various companies and their offers. In this you can take help of agents, friends and family members. Internet too is a good source for information. You can obtain various price quotes from there. While comparing rates make sure that they are for same coverage’s. Deductibles play a crucial role in choice of a policy. Deductible is the amount a person needs to pay before the insurance company to pay for him. Higher deductibles are instrumental in lowering the premium rates. So it is better to look for high deductibles though you will have to pay if you have a claim. Never think and try of giving fake information to acquire the insurance policy. You can land yourself in grave trouble. So be true while obtaining a price quote and applying for insurance. For wrong information can lead to denial of coverage and incorrect price quotes. But don’t just get carried away with the price (premium rates etc.) as most people do. Other factors such as company’s financial ratings and stability, its reputation in the market, customer service record, complaint index and the like also do matter a lot. Thus make sure you check these things out. Also see if the agent offering the policy is licensed or not. It is in your interest to purchase a policy from certified i.e. licensed companies and agents. Usually it is very difficult for people who reside in high-risk zone and defaulters to acquire a homeowner’s insurance. High-risk zone stands for areas prone to floods, hurricanes and other natural calamities and also areas where the crime rate is quite high. In such a case you need to make an extra effort to get a homeowner’s policy. You need to speak to other people living in the zone and any previous insurers. If you propose to shift to one such place then ask you current insurance agent to help you get one such insurance. You should also know that usually the homeowners insurance covers personal items such as jewelry, fur, watches, silverware, valuable papers and securities etc. If you seek to have coverage apart from this then you have to fill up the Personal Articles Form. Speak with your agent about the coverage that is already there and about what additions you require. When it is time to renew your homeowner’s insurance policy, ponder again over the coverage issue. Check your personal details in the policy and see if it is up to the mark. In case you require more coverage for any expensive items you purchased such as electrical appliances etc., ask your agent to get your policy changed accordingly.

Friday, June 20, 2008

The Different Types of Life Insurance Explained

There are numerous companies existing today that offer life insurance policies. Though the crux of the policy (to ensure a safe and sound life of an individual’s survivors as well as to the individual) does not alter yet companies try to differ with each other by making different classifications or bifurcations. Broadly the life insurance is divided into two parts.
1. Term Life Insurance Policy- Anyone can opt for a term life insurance. This type of policy is basically meant to cover a person’s short term requirements. For instance if the policyholder unfortunately meets with a grave accident, he can claim for the insurance amount. But it also compensates the bereaved in the case of death of a family member. All in all it is a policy that helps in covering potential need for life insurance in the short run. Term life insurance is usually a renewable and convertible program. It ranges from one to hundred years. If it is a one year program then the cost of its coverage increases after every one year till the time it expires. Generally the expiry is at the age of 75. While if the policy is term to the age of 100 along with cash value it subsequently becomes a part of the insurance for ‘whole life’. Quite often it is noticed that it is cheaper to buy a whole life insurance policy than a non-cash one in value Term 100 policy.
2. Permanent Life Insurance- this is life insurance for the entire life of the individual. The value of this policy increases throughout the time one participates in the program. Terms such as Par and Non-Par are widely used in this context. Par whole life coverage generates dividends that are a partial return of the premium paid for coverage and investment growth. The amount of dividends keeps on changing from annually. On the other hand the non-par whole life insurance policies offer no dividends. The future cash values in these cases are not projected but assured or guaranteed.
• Besides this whole life-quick pay premium policies are also available. In these there is a fixed premium that one has to pay for quit a short interval of time till the time it is entirely paid up. The death benefit in this policy is leveled and paid up at the time the premium ceases. • Whole life insurance policy can also be fractured in terms of premium payable for 15 years, 20 years and 65 years of age. The terms and conditions in these cases remain more or less the same. • Universal life insurance policy is meant for people who require a life insurance, have a big marginal tax bracket, have big RRSP and pension contributions, paying a good tax on investment income, want to have an additional future income and have an investment prospect for at least 10 years. These policies are considered to be most difficult of all the insurance contracts

Thursday, June 19, 2008

Buying Life Insurance online ??? is it a really good idea

The advent of the internet has opened up the possibility of cheaper life insurance for all. In years gone by, if you were considering life insurance you would probably have invited an insurance salesman from your favourite insurance company to meet you or alternatively gone to your local insurance broker. But rarely would you have been courageous enough to get competitive quotations. It just wasn’t done. You trusted the salesman to do the best for you and surely you thought, life insurance is somewhat technical and requires specialised knowledge. All very cosy. All very expensive. How life has changed!People now realise that life insurance is not that complicated. If on a scale of 1 to 10, buying car insurance online rates 9, life insurance must be a 7 or 8. This has opened up the Internet as a prime arena for cut-price life insurance. That’s not to imply that life policies bought on the Internet are in any way substandard. No, you’re most likely to end up with a policy from one of the UK’s big insurers like Norwich Union or Legal & General and they’ll be exactly the same policies as you could buy anywhere else. It’s just that the intense competition on the internet and efficiency and simplicity of the system, means that most online brokers decide to cut the commission and roll back the savings into lower prices.Ah yes I hear you saying, 7 or 8 implies that life insurance is more complicated than car insurance. Yes it is - but that doesn’t mean that it represents a problem. The companies selling life insurance online recognise that many clients feel that some level of personal advice is useful and indeed, necessary. They accommodate this with a mix of useful information on the web site and more often than not, with a short telephone conversation with a life insurance adviser prior to you buying. This provides reassurance and helps to ensure you really do get the policy options you need all at rock bottom prices. Buying online certainly is a good idea.

Wednesday, June 18, 2008

Different types of auto insurance

Nowadays auto insurance is the ideal way to ensure a good life for yourself and your expensive vehicle. Auto insurance keeps safe your huge amount of money spent on your automobile. But on the same hand, auto insurance is also quite expensive. However there are different types of auto insurance policies available today. It is at an individual’s discretion which policy he can afford to adopt.
1. Fully Comprehensive Auto Insurance Policy Types- though this policy is the most expensive one yet it is the most widely adopted type of auto insurance. This is so because the insurance provides compensation or covers all sorts of cases such as theft, accident, wear and tear etc. If unfortunately an accident occurs where you were not at fault while the other driver who did the accident does not disclose his and his insurance details; you ought not to worry. For being a policyholder of the fully comprehensive program, you can register an insurance claim against your insurance company. But while taking this policy one essential thing should be borne in mind. There are a few auto insurance companies that do not insure your vehicle 100% of its value but of 80% or so. Even though many companies defend their policy as a measure to prevent themselves from fraud cases etc. yet try your bets to find the agency that insures your vehicle 100%.
2. Third Party, Fire and Theft- this type of insurance is basically meant for those car owners who have had finished their car loans but still admire, cherish their car and have great sentiments attached to it. This policy is somewhat akin to the fully comprehensive one but not identical to it. For like the latter the former covers cases of theft, accident, fire etc. but in case of an accident you can receive compensation only when you were at fault and had hit another car. So if any other car hits yours or you by mistake bang t in the garage, the insurance company will not come to your financial aid.
3. Third Party Insurance- it is the insurance that is the cheapest of all and covers only cases of accident where you were at fault and hit a third party. The insurance company is not to be contacted in case of any other mishappening with your vehicle. This insurance policy is generally preferred by those who own an old and less pricey car or any other vehicle.
4. Specialized Car Insurance- is basically for cars categorized as classic, those that are 25 years old. These cars are insured as classic and so accordingly they have their requirements and services. The classic car insurane policy can be said to be as good as the comprehensive one but the only drawback associated with it is that it limits the policy taker to a limited number of road miles he can drive in any given year.
Ultimately it is at the discretion of every individual which policy he desires to take. It is advisable to sort out one’s requirements and budget and also make a survey of the auto insurance policies in the market before actually grabbing a policy.

Life Insurance - Money Saving Top Tips

More and more people are buying life insurance online and the numbers seem to be doubling every two years. The reasons are clear. Prices are lower on the Internet and life insurance is fundamentally a simple insurance product. Despite the underlying simplicity of life insurance, most web sites channel their online clients through a telephone based help and advice service manned by experienced personnel. They represent your safety net so if a little technical knowledge is called for, help is at hand. But it’s always a good idea to have a few Top Tips in your back pocket when you’re shopping online for life insurance. They’ll help you ask the right questions and find the best policy.
1. Always have your Life Insurance policy “Written in Trust”.
This means that in the event of a claim, the money goes directly and immediately to the person(s) you nominate when you first take the policy out. It also avoids all possibility of your estate having to pay Inheritance Tax on the proceeds of your policy and that could represent a 40% tax saving ! All you have to do is tell the online brokerage organising your policy that you want your policy “Written in Trust” and the names of the people who the life insurance company pay in the event of a claim. They will then sort it all out for you. The extra good news is that this service is invariably free of charge. So it’s a win win situation and there aren’t many of those around these days !
2. In the early years a Reviewable Life Insurance Policy will be cheaper but a Guaranteed Policy will work out a better buy in the longer term.
With a “Guaranteed Policy” the insurance company guarantees never to increase your policy’s premium. With a “Reviewable Policy” you agree that your insurance company can review the cost of your policy at regular intervals. But don’t be kidded – in our experience a “review” is just another word for a price increase. After all, who’s ever heard of an insurance company passing up a chance to charge you more! The review intervals are usually between 2 to 5 years but this does vary between insurance companies. You will find the details of the review intervals on the documents sent to you before you accept the insurance – these are called The Key Features Documents. So, comparing otherwise like for like policies, in the early years the premiums for a “Reviewable Policy” will undoubtedly be lower than the premiums for a “Guaranteed Policy”. Thereafter, the premiums for a Reviewable Policy increase eventually catching up with and overtaking, the premium for a “Guaranteed Policy”. In our experience, you can expect the monthly premiums for a Reviewable Policy to exceed those of a Guaranteed policy in about 7 to 10 years and then within the following 10 years, more than double again. If your budget is currently tight then by all means choose a Reviewable Policy - after all your salary may increase in coming years and ease the strain. On the other hand, if the premiums for a Guaranteed Policy are affordable, we think they represent your best buy. A footnote. Many insurance companies have stopped offering “Guaranteed” rates for standalone critical illness insurance policies. This because they have experienced much higher claim rates than they initially expected. However, you may still find a Guaranteed life insurance policy that also provides critical illness cover. As we have explained, “Guaranteed” rates are especially good value and if you can get a quote for a Guaranteed life policy that includes critical illness cover, you may have a real bargain.
3. Thinking about a Joint Life Insurance Policy?
A Joint Life Insurance policy is usually written on a first death basis. This means that the policy will pay out on the death of the first policyholder, subject to the policy being in force at the time. This leaves the second person uninsured and older. Older people can struggle to get life insurance at an affordable premium, so rather than a Joint Policy consider taking out separate policies now. Overall it will work out a little dearer - but you get twice the cover and double the peace of mind.
4. Taking out a Life Insurance Policy?
Now would be an ideal time to include Critical Illness cover. Are you likely to need Critical Illness Insurance in the future? Yes? Then consider adding it now to the life insurance policy you’re arranging. Why? There are three reasons. Firstly, a Life Insurance policy combined with Critical Illness cover will work out significantly cheaper than buying two separate policies. Secondly, as we have already explained in the footnote to Tip 2, you may be able to buy a combined Life and Critical Illness policy with a guaranteed premium. That could be a real bargain. Finally, premiums for critical illness cover increase rapidly as you get older – so the sooner you take it out, the cheaper it will be.
5. Don’t confuse Terminal Illness cover with Critical Illness cover.
There’s world of difference between Terminal Illness and Critical Illness cover so it’s important to understand the difference. Terminal Illness cover pays out the insured lump sum if a Medical Doctor diagnoses you with an illness from which the Doctor expects you to die within 12 months. Most good life policies automatically include Terminal Illness cover at no extra cost. It’s basically an early, and welcome policy payout. A Critical Illness policy pays out the insured lump sum if you are diagnosed with one of a wide range chronic illness and there is no life expectancy criteria. Indeed, with many of the insured illnesses you could expect to survive for many years. For example: certain cancers, heart disease, stroke, multiple sclerosis, loss of speech, sight or hearing, onset of Parkinsons or Alzheimers disease, third degree burns etc. Say you were an engineer aged 40 and you lost your sight. A Critical Illness policy would pay out immediately and that money could well be vital in helping you and your family through many difficult financial years ahead. If you just had Terminal Illness cover there’d be no chance of a payout. So as you can see, Critical Illness cover is far more comprehensive than simple Terminal Illness cover and for that reason critical illness cover always costs you extra

Car Insurance Schemes: A Way To Be On The Safe Side

The car insurance scheme have various options for car owners. There are several car insurance policies that enable people to remain on the safe side. In case vehicles run through an accident the owners are safeguarded by these policies.

The car is undoubtedly a valuable possession. It is necessary to protect one's car from any mishap. The car insurance schemes make it possible for people to protect their much treasured car that people sometimes bring after a lifetime's investment. The insurance related to cars is of several types. They vary in forms such as bodily injury liability , personal injury protection, property damage liability, collision and comprehensive coverage.

The insurance schemes give a sense of reliability to car owners who can approach insurance companies incase they meet with an accident. The car companies offer insurance schemes while selling a car. These schemes are cheap and so customer get the confidence to buy costly cars. It leaves no option for bearing any losses if in case the car runs to meet with an accident. The whole system is very innovative and it takes into consideration the long term benefits of car insurance.

The car insurance schemes have bodily injury reliability and are applicable to the policyholder. They cover the damages that are caused to other cars. The second category of insurance is the Personal Injury Protection. This scheme makes it possible for policy holders to claim for the medical expenses of a driver or the passenger who face an accident. It covers expenditures such as hospital bills, X-rays and cost of surgery. The third type is the Property damage liability. It helps to protect the policy holder if one damages some one else's car. However, the mode of accident also determines the policy that it attracts. If one undergoes collision then the user can claim for collision coverage. Then there is also the comprehensive coverage policy. Such coverage allows the policy holder to ask for comprehensive coverage from insurance companies in the form of natural calamity, hail, fire, tornado, floods and so on.

With many options in hand, it becomes safe to drive cars on road. The user can make use of insurance policies and be confident about driving without the fear of an accident. These unavoidable policies make one feel more secured about cars.

Life Insurance Policy To Protect You All Life Long!

A long time ago, life insurance was used as a way to help save money for future usage in funeral expenses, and to help the family of the deceased. This was however only limited to “burial club” members in the Roman Empire. But now in the 21st century, life insurance policy covers not only after-death support, but for almost all other expenses as well.This type of insurance coverage was contemporarily introduced into the public access in the late seventeenth century. Since then, this trend has become very popular, and in fact is one of the most common ways to protect oneself financially. Common Benefits Some famous usages of this life insurance policy is to cover death benefits such as funeral costs, mortgages payments, replace the lost income that the deceased’s family misses, to pay estate taxes, retirement benefits, and many more. How does it Work?Basically there are three parties in the life insurance policy agreement; the insurer or the insurance company, the insured individual, and the beneficiary. Normally the insured individual and the policyholder are the same person, but the important party to the contract is the beneficiary, who would receive the insurance proceeds after the death of the insured party. Under a life insurance policy, the insured party pays a regular premium to the insurer or the company, in exchange for a guarantee of specified insurance proceeds payable to their family or the nearest kin upon his or her death. VarietiesLife insurance policy is generally divided into two different classes; term life insurance and permanent life insurance. Term life insurance is the basic form of life insurance policy. The word ‘term’ would clearly explain this policy’s function; to provide coverage for a certain period of time, such as 5, 10, 20 or even 30 years as specified by the insured. This policy protects the family as well as the insured party by providing money that they can invest to replace their salary after their death. In short, this policy is a pure life insurance policy with no cash value account.Permanent insurance, on the other hand, would remain active till the policy matures. This policy, unlike term life insurance policy, has a cash value account, and generally has a premium payment more than term insurances. There are four types of permanent life insurance policy, which are whole life assurance, universal life assurance, limited pay-off assurance, and the endowment insurance.

Tuesday, June 17, 2008

Is It Better To Invest On Critical Illness Cover Or Not?

First of all if you are worried about the safety of the family or want to set everything right for the future, you are probably wondering about taking a critical illness insurance. Fine idea as it is, to get the best critical illness insurance you must have to somehow get busy. In an initial step you have to make a list of what life insurance companies you have to visit or phone. Now, not all life insurance companies offer the critical illness cover. To sort out this fact, you will probably have to make some phone calls. Once done, you now have a list of all life insurance companies which offer the critical illness insurance.Critical illness insurance is a type of insurance which can award you a tax free lump sum upon diagnosis of a critical illness such as stroke, cancer, heart attack, etc. With critical illness insurance you can have the peace of mind should you happen to fall prey to a life threatening illness. You will be awarded benefits in this case. Otherwise if you maintain good health throughout the whole policy, all the money paid as premiums can be returned to you. If by then you have reached the age of retirement, you may have gained enough cash to pass the rest of your life in beauty. You could even take your whole family for a trip. On the other hand, should you die during the policy, critical illness insurance may award a tax free death benefit to your inheritor.Today we are so busy with the daily chores of life that we tend to forget the importance of our health. What will be the effect on your family if you fall critically ill in the future? If you are the breadwinner, then financial crisis as well as moral breakdowns can occur. Your family can even start to have the feeling of insecurity. To handle a tense situation as it is not easy. At that moment you need care and money is needed for your treatment. Your wife, if not strong enough can have the feeling of loneliness in a difficult situation. If it had been for critical illness insurance, your family would have been looked after. Critcal illness insurance would have awarded the payout hence alleviating to some extent possible financial dilemmas.Probably the best way to search for a critical illness cover or any other life insurance is to surf the internet. You could just sit down on your comfortable chair at home and feel free of the task of visiting all the insurance companies one by one. You open Google for example and write critical illness insurance. The results would show you a list of all insurance companies that offer critical illness insurance. You have immediately hundreds of insurance companies to visit and request a quote online.With critical illness cover payout, all your monthly expenses could have been taken care of. For example, your monthly mortgage installments or even a loan to buy a vehicle could be settled. There could have been enough money to pay for your medical care as well. In other words, critical illness insurance could have become an element of support for you and your family. If you are fortunate enough, you could survive the critical illness. Subsequently, you could even end up getting permanently disabled. Then you may want to make changes to your environment to match your current situation. Critical illness insurance may be the answer. You could buy yourself a new car or change your house structure to accommodate for a wheelchair. You could even decide to go and live elsewhere, where facilities such as hospitals or supermarkets are nearby.On a whole, critical illness cover may be considered as a ‘must buy’ product nowadays.

10 Important Questions Which You Ought To Ask When You Are Purchasing Health Insurance

If you are purchasing health insurance the details of the plan are critical and there various questions which you have to ask. Just considering the premium you are being asked to pay is insufficient and you must look at various different things including any limitations, additional payments and fee requirements, exclusions, restrictions on where treatment can be carried out and a number of other things.Here are a number of very important questions that you must always ask when you are purchasing health insurance:
1. What out-of-pocket expenses and deductibles will I need to pay? Your premiums are just the start and the vast majority of plans require you to meet your bills up to a certain figure before your insurance kicks in. Thereafter, you will usually also need to make a payment towards the cost of each medical bill.
2. Are health screenings and medical exams included in the plan? Look carefully to find out whether or not the plan covers you for routine medical exams including things like mammograms, breast exams and pap smears for women.
3. How are referrals and specialist care treatments handled? Look at the procedures you have to follow if you require referral for specialist treatment and whether or not there are special provisions for meeting the cost of such treatment.
4. What cover is provided for hospital treatment or emergency care? {Take a look to see whether you will need pre-approval for hospital or emergency treatment. It may seem ridiculous but some policies will not permit you to seek emergency treatment without the pre-approval of a designated physician.
5. What cover is provided for prescription medication? Many plans limit the medications which can be prescribed often stating that listed generic drugs rather than brand name drugs must be prescribed. You also need to look very carefully at the percentage of any cost that you will need to meet for medication.
6. Is cover for vision and dental care provided? Many plans do not cover dental and vision care at all while some limit treatment to merely routine annual eye and dental checkups.
7. Is psychiatry, psychotherapy and other mental health care cover provided? Not all insurance plans will provide cover for these areas and when cover is provided you must look very carefully at the extent of the cover being offered.
8. Is hospital, nursing home and home care covered? It is very important to examine the extent to which cover is provided for care in a nursing home, hospital or at home and whether or not there is a limit on any cover.
9. Is physiotherapy and rehabilitation covered? Illness or accident frequently results in a need for physiotherapy or rehabilitation and so it is important to look at the extent to which such treatment is covered.
10. Is alternative care covered? As a growing number of people are choosing alternative care such as the use of holistic treatments or acupuncture you should check to see if these are covered if this is something which you want to make use of.The premium that you will be paying for any health insurance plan is certainly very important but it is merely one element of the total package that you are purchasing

Affordable Health Insurance For People Without Employment

None of us enjoy being unemployed and it can place a considerable burden on both you and your family. You may even find that you have to depend to some extent on other people to help you cover day to day living expenses and perhaps temporarily put a roof over your head and feed you. This is also a time however when, despite the financial burdens, you really cannot afford to be without at least some basic health insurance cover as illness or accident, even as trivial as a simple broken leg, could suddenly find you with medical bills which you cannot meet. But where do you find affordable health insurance when you are unemployed?If you have recently been working then COBRA might provide one answer. COBRA (the Consolidated Omnibus Budget Reconciliation Act of 1986) allows most people who are members of an employer's health scheme to continue to be covered by that scheme for a period after they have left employment. In general this period is up to 18 months, although there are circumstances in which it can be extended to 36 months. The scheme is mainly designed for people who are between jobs and do not need long term cover but do need cover until they find a new job and become eligible for their new employer's health scheme. COBRA can also cover your spouse and children and you should begin by asking your employer whether or not you are eligible for cover.If you are not eligible for cover under the provisions of COBRA then you will need to look for some form of private individual or family cover and here again you should start by looking for group schemes similar to those provided by employers but this time designed for members of organizations or clubs. For example, if you are a member of a motoring organization then you may well find that they have a scheme specially designed for their members. Similarly, if you belong to a local club, they too may have organized health insurance for their members.If this again does not apply in your case then you will need to widen your search and here the Internet can be an excellent place to turn. There are many excellent insurance websites which will be able to provide you with details of plans to meet your requirements and where you will be able to obtain free no-obligation quotes.One important thing to remember is that you need to tailor your plan to both your health needs and your budget and it is a good idea to look for a scaleable plan which will allow you take just basic cover at the outset and then expand your cover at a later date when your financial position improves.Life is unpredictable and, just as most of us do not expect to lose our jobs, so too we do not expect to fall ill or be injured in a car accident. Reduced financial circumstances are something which none of us wish to experience but sometimes we have no choice and simply have to make the best of things. However, do not run the risk of making an already bad situation worse for both yourself and your family but believing that you can get through the next few months without adequate health insurance cover. You might be lucky but, if you are not, you could find yourself in financial distress for the rest of your life.

Insurance 4 all is my motto...

Hi friends..

My name is Gade and i would like to bring here some good articles on insurance.
Insurance is necessity for one and all and it requires lot of education especially
in developing countries and third world countries. Countries like India and china
are now leading as examples in the insurance world. Lets try to make the entire
world a safe and insured people.


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