 Health Insurance for Small Business Owner? |
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My employer does not provide health insurance and I have to buy my own. What am I looking for? It's just my wife and I, no kids, no plans to have any.
What health insurance provider ... |
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I just purchased this medical insurance a few minutes ago,
"Breakthru 80 Plan, $500 Deductible" with Regence Blueshield. I am a little concerned on what is going to happen. I see a A... |
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| Will my insurance cover this?!? |
| i was wondering, health insurance covers a lot of things, such as it will pay for half of your gym membership if you go a certain amount of times. i want to sign a martial arts center, could this be ... |
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| Im seventeen and i think we have medical mutual, my mom is touchy about me asking for contacts so im thinking about just making the appointment for myself. is there some way i can figure out if my ... |
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 Will computerizing doctor patent files and making paper work obsolete will make health care costs go down? |
| If the doctors are all computerized and paper work for patents as well as for filing insurance claims made faster by less paper work, will it drive the cost of health care down? Thanks in advance for ... |
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 Am I paying too much for health insurance? 29 year old healthy non-smoker paying $114 a month? |
| I am a 29 yr old, in shape, non smoker/drinker no history of health problems, and they just raised my health insurance from $98 to $114 a month. I live in Florida, and this seems very high to me? I ... |
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| Im looking at buying a 2000 Mercedes-Benz SUV (not sure of the exact model) or a 2005 Ford Explorer (not sure of the model as well). Which one would have the highest insurance costs?... |
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 Switching health care providers... Billing question. Help. Please.? |
| My workplace is switching our health care provider from Anthem to Connecticare starting Jan. 1st. I have been seeing a Psychologist for PTSD for the past two months. She has only billed my ... |
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| I would like to know if any health insurance company offers a policy that covers unmarried sisters, mother and brothers and also i would like know if there is any tax exemptions available for that.... |
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 Good Guaranteed return pension plan ???? |
| Please suggest a Good and Best Pension Plan of any company (private or government) which gives me a guaranteed return approx 25000/- every month (as pension) after 20 years up to my death and then ... |
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 State Farm Life Insurance... 30 year term? Whole Life? Select Term? Universal? |
| What insurance should I get? I'm in my late 20's and I'd like to make sure that if anything were to happen to me that my husband and son are left with enough to continue to stay on ... |
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 I has my daughter when i was in high school mom provided insurance and everything else always have I got an? |
| apartment through the housing authority my daughter stays most night with my mom an so do i am i eligible for any benefits medicaid food ... |
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 If a dependent child commits suicide while under a life insurance policy, does it still pay? |
| I've been checking around to see whether life insurance policies pay out for suicide, and it says that usually the catch is that they don't until two years after the establishment of the ... |
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 My parents had an explosion & fire in their manufactured home. State Farm is their insurer on an ACV basis.? |
| The adjuster came out and said State Farm would decide on a repair figure on the home and contents, then apply applicable depreciation and cut them a check. There is a loan against the property. I ... |
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swordlord23 | Colonial Penn (55 - 85 years old) life insurance? |
I have seen the TV comercials where $7.95 a month will buy life insurance with no health questions asked " waratied aceptance" does anyone know what the catch is?
Any feedback would be helpful. |
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Doing the Right Thing
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What's the catch? The advertise $7.95/month is the cost per unit or $1000 coverage.
So, if you wanted a $100,000 coverage, that would cost $795.00/month ($100 x $7.95). Which is $9540/year. That's why there's no health questions asked because you are paying lots or premium for a low amount of coverage. If you don't pay your premiums, you will lose coverage automatically!
This company is based in Valley Forge, Pennsylvania. New Jersey Department of Banking and Insurance has been questioning this company because they have received over 100 complaints within one year. AM Best gave a "B" rating (fair) to this company. That is a very low grade to receive. So, shop around for better life insurance companies that has a rating of A or A+. |
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529s.com
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There are a couple of ways that these type of life insurance companies work. One is that the rate is based on a per thousand amount. Meaning that for $7.95 a month you get $1000 of death benefit. Another thing that some will do is if you die the first year your beneficiary gets your premium back and thats it. The second year they give 20% of the death benefit and so on.
Just make sure that you fully understand what you are buying. |
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Bright Future Penguin
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HI, your friendly insurance guy here again.
Thjere are two ways this typically works. First, the policy face value is going to be small. SEcond, the policies are configured as Modified Whole Life.
that means that in first year, if your insured party passes, you may receive either just your premiums paid or a small percentage of the face value. In the second year you may receive premiums paid plus interest or a slightly higher percentage of the face value.
Some number of years after issue, the policy would pay at full face value. |
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I hate friggin' crybabies
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the catch is that you're talking about a 5,000 or 10,000 dollar policy, most likely... Would barely cover the cost of putting the deceased in the ground. |
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Kutekymmee
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the catch - you are paying $7.95 for a "unit" of life insurance.
at age 55, one "unit" may get you $100,000 coverage. but as you get older, it takes more "units" to get that same coverage. so at 65 it may take 10 "units", at 85 it may take 50 "units" just to keep $100,000 coverage. And if you ever stop paying, your coverage is over, and everything you paid is gone.
its a scam. |
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