 Hit by car, no health insurance? |
I was hit by a car, no major damage, just pain in right leg, but nothing broken. My health insurance just expired, can I bill the person who hit me Health's Insurance? I dunno? Help?
A... |
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 Whole Life vs Term Life ? |
| Right now I have term life insurance, but I am trying to determine whether I should switch to whole life. I just noticed after 3 years that my premiums at 58 will go up almost $250, that's ... |
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 Homeowners insurance check for damage? |
I had my roof and some drywall damage from a storm. Insurance adjuster came and is replacing the whole roof and some of the drywall.
They want the receipt for the roof sent into them. If the ... |
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 MC Cains Health INsurance? |
| How would his plan work with me..Last yr my gross income was $48,000. I have 5 dependents..& usually pay little or no Federal Income Tax .My employer doesn't provide insurance, so we go ... |
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 Is it possible for me to insure my grandmother without her knowledge? |
| she is elderly and when she passes I know that my family will look to me for the funeral arrangements. The rest of my family are not financially ready for a monetry emergency.... |
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 How much will insurance cost me? |
| I'm 20 years old. clean driving record. the vehicle is a 1993 civic hatchback CX. also i would like to put full coverage on the car. i live in south east wisconsin and i will be the only one ... |
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 Where is the best place to purchase Hot life insurance leads? |
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K for him---How are you? So now you know what I do for a living. I never thought I would see you in the insurance area lol.... |
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 Can a company bill you for the first time for something from 2 years ago? |
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An Insurance company billed our company for the first time 2 years after a final workman's comp audit. We were changing insurance companies at the time.
I... |
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 For how long should I get my term life insurance? |
My husband and I are 30 and looking at term life insurance.
He's healthy as a horse with no illness in his family history and is the only source of income.
I on the other ... |
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 Life Insurance nurse check up? |
| i recently applied for life insurance and the nurse is coming to my home on tuesday next week to do my check up. i was told that they would need a urine and a blood sample. does anyone know what ... |
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 Health insurance? pre exist |
| i think my condition is pre exist lol im diagnosed wit a brrain tumor i have medi-cal im 19 i was diagnosed at 17 and my family got cvrage cause of there income. what do i do? when i make my own mny ... |
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 Can u help with this query please? |
| I have cancelled my car insurance, to which i'm due £25 back. It's not much, but thats besides the point. However the insurer's said the monies will be deposited back into the ... |
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 I need insurance for me and my son can anyone suggest an insurance company? |
| that is reasonable and good? This is in the south of the US and is for medical and dental.... |
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 Car Insurance 10 pts. best answer!? |
What are the parties to an insurance policy. So far i've got policyholder, and underwriter what are some other ones?
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 Received bill from dr. that says i need to pay, but i had insurance then. what should I do? |
| I had to get a tetanus shot back in the summer and i only had temporary insurance between college and a teaching job. the insurance definetly covered it, and they made a copy of my card and charged ... |
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 Should people who live unhealthy lifestyles have to pay more for insurance than people who live healthy lifest |
yles? I think so..
My Uncle Don would never take care of himself. Two quarterpounders, large french fries and a large Coke was his usual twice per day, meal of choice. He probably saw a ... |
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 My truck was damaged in a storm and the insurance company appraised the damage to be $1000.? |
| After I pay the $250 deductible, can I just pocket the extra $850 and not repair my truck?... |
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Joe | Can you purchase Life Insurance for a Parent? |
I am just curious, My parents are getting to the age where I have to start thinking about life insurance. They currently have none, and I was thinking of purchasing a Term life insurance plan for them, and paying it myself. Is that...possible to do? Like wouldnt I just make like say my and or my siblings for benificiaries on the plan and pay the premiums..and if (god forbid) the unthinkable were to happen..would it be a legit policy?? Confused! |
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Leash
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Yes. You can purchase life insurance for your parents.
However, most insurance companies will require you to demonstrate "insurable interest". In other words, you will have to show that you stand to lose financially from their deaths.
This is to prevent people from taking out insurance policies on all of their old relatives so that they can profit from their deaths, or taking out policies on people and arranging an "accidental" death.
For example, you can claim that as their child, you will be responsible for burial expenses which will set you back $20,000 or so. So you can insure for that amount.
Or if they have a large amount of debt that you will be forced to settle on their deaths, you may need a much larger one.
If they are living with you and providing daily care for your children, then you may want to insure for the cost of alternative day care, and so on.
And yes, these policies as just as legitimate as policies for your spouse or children. |
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balaji v
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I FEEL A STRONG 'NO'. MINOR CHILDREN AND AGED PARENT CAN'T BE COMPARED FOR PROPOSING AN INSURANCE POLICY. ANYONE ATTAINED MAJORITY (OTHER THAN PHYSICALLY OR MENTALLY CHALLANGED BEYOND CERTAIL PERCENTAGE) IS SUPPOSED TO SELF FINANCE HIS POLICY AT THE OUTSET. IT IS CALLED CAPACITY TO PAY. IT IS IMPORTANT. SECONDLY INSURABLE INTEREST, ANY ONE IS EXPECTED TO HAVE INSURABLE INTERST ON HIM. YOUR MOTIVE OF INSRUANCE MAY BE QUESTIONED MORALLY( CALLED MORAL HAZARD IN INSURANCE INDUSTRY). THIRDLY AS I CAN IMAGINE THE AGE OF YOUR PARENTS MAY NOT QUALIFY THEM FOR TERM INSRUANCE AND ANY OTHER FORMS OF INSURANCE WILL BE HIGHLY EXPENSIVE. IN ANY CASE THE QUANTUM OF INSURANCE WILL BE CONSISTENT WITH THEIR CAPACITY TO PAY AND THEY WILL HAVE TO PROPOSE THE POLICY. |
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Insurance Pickle.com
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Yes, but assuming you're not twelve...in other words that they're up there in age it's not going to be cheap. Unless you're just talking about a burial policy. Nonetheless "yes" is your answer.
Jeff |
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james m
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You can purchase life insurance for your aged parents, usually if they are under the age of 85 in some states, and 80 in others. You have to have their permission, and signatures on the applications.
The only insurance company that I have heard of that would write a term policy above age 65 would be United American Insurance Co. They have a 10-year renewable term to age 100, and the premiums only increase 10% at each renewal.
You can call UA and ask the location of an agent in your area, if they do business in your state. They do not write in NY. The company's service # is 1-800-331-2512.
If your parents would not qualify due to health reasons, you can also purchase a graded benefit policy, or guaranteed acceptance policy. These policies have limited benefits for the first two policy years. After that, they are in full benefit.
Another company, if licensed in your state, that writes Simplified Issue, and Graded Benefit policies is Motorists Life.
You can ask the UA agent, if available, or call your State Insurance Commissioners Office for names of companies that write these types of policies in your state.
You could also call AARP for information. They have TV ads all the time for senior's life insurance. You might also call the agent who wrote their Medicare Supplement policies. |
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mbrcatz
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Sure you can, if you can afford it! The older you get, and the less healthy they get, the drastically more expensive it gets. At some point in time, it just gets cheaper to save your money.
You do have to have their consent and cooperation, though. You can't buy it on them without their knowledge. |
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Michael M
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You can get life insurance for your parents. Most insurance companies will allow adults to purchase life insurance on their parents lives. You will pay the premiums and be the owner of the policy. That means that you control the policy options and decide who the beneficiaries are. They will have to participate by signing the application and participate in any medical exams and interviews that are required. |
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