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 Someone told my wife about a web site where a person can get free supplemental medicare ins. can anyone help?
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 Can you work part time and collect unemployment?
thanks!...


 My mother in law has life insurance policies on my husband and stepdaughter?
we are no longer speaking to her or having any contact with her at all. We no longer want her to have these policies, nor be the benefeciary. She started them and paid all of the premiums, we just ...


 Do i get liability cover for people working in my garden or do i need insurance?
I have people working on clearing my garden . Am i liable if they have an accident or does my insurance cover it ? Are they suppose to insure themselves?

I just dont want to get sued
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 Pre-existing conditions?
I was without health insurance from September 1, 2005 until July 31, 2006. Because I didn't have continuous creditable coverage, can my current health insurance deny me benefits for pre-existing ...


 How do you get health insurance ONLY for kids, not adding on to parent's plan?
I don't qualify for CHIP. My work insurance is great for singles, ok for married couples, terrible for families. We had insurance with Texas Children's Hospital for our kids and it was ...


 Do you think your work place or place of study should have a all incopmpasing emergency evacuation plan?
If it already does, do you feel it is all incompassing, and what sector do you work/study in?...


 Can you claim life insurance of someone you are not related to?
I have a friend very old and she has a big life insurance policy currently I am helping her live and I am am paying for all her expenses. She has listed me as the claimer on the insurance when she ...


 Is it feasible to find 100 families to put $100 a month in a savings account to pay for medical expenses?
Its just an idea I had, wondered if it would work, if its legal, etc. My family has no health insurance, and I am sure that there are many other families out there in the same boat. We have no major ...


 What is accounting?
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 How do you define double dipping on insurance?
I have 2 step kids. We have had insurance on them for over a year. We just switched insurance and their mother decided to put them on her new husbands insurance. Which now we have 2 insurance ...


 Should i get 20 year term or a 30 year term life insurance?
My husband and I currently have a 20 year term life insurance policy. We are switching companies because we were paying too much at State Farm. I'm 30 and he is 33 and we are both in very good ...


 Homeowners vs. Auto Insurance?
So last night a huge tree branch fell on my car in my driveway. My car insurance is expired and I'm wondering if my landlord's homeowners might cover it. The tree is on his property and ...


 Tips on how to convince a client to insure themselves in a life insurance policy.?
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 What Is Term Life Insurance? What Does It Cover? When Can It Be Claimed and By Who?
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 I have group life insurance. Do I need individual life insurance?
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 Insurance company startup???!!!?
was wondering about the possibility of starting up my own insurance company covering cars. do i need a license to do this. do i have to make myself known to anyone that i am insuring people to drive, ...


 Iam looking for best and cheep life/persnal/travel insurance in UK ??
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 Is it recommended to buy whole life insurance for a child?
A friend of mine recommended buying whole life insurance for my child. He said it was better than investing elsewhere. For example, you can get a 1 million dollar insurance which will be paid up by ...


 How can I calculate my insurance cover needed.?
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Simon H
Do multi millionaires buy life or medical insurance??

Additional Details
Show me some facts or paper cutting...
                     
 




sarah314
Rating
Of course they buy health insurance.

Generally high deductible plans that keep premiums low and allow them the tax savings of a health savings account to go along with it.

Multimillionaires didn't get that way by being stupid financially (or at least they hire good financial advisors). Why risk accumulating millions of dollars in medical bills if you or one of your family members gets sick, when you can accumulate money in an HSA with a high deductible health plan that will limit your financial risk?


hummingbird
Rating
Yep, do you think they would want to spend some of their hard earned money for medical or death? As a matter of fact, they would be more likely to buy it than your average joe....they can afford it!


Insurance Pickle.com
Yes. They buy life insurance to cover estate taxes and they buy medical insurance to also protect what they have.


Robert S
Rating
Certainly, their risks are the same;-{ expenses even higher.


Don
Rating
Of course they do. They protect themselves just like everyone else. They probably take very high deductible which keep the premiums low.

They buy life insurance to be used to benefit a charity or to pay inheritance taxes, legal fees etc.


burtongrl
They might also buy life insurance so that their family will not have to pay estate taxes. Meaning they will take out a policy with a face value close to what their estate taxes would be so that their family will not have to sell any businesses or land to pay the estate taxes associated with these properties. Life insurance pay-outs are usually tax-free. Talk to an accountant to be sure.


Fred C
Rating
Yes they do. Medical claims can be very expensive. Their life insurance needs are usually different from most people, but they do exist.


Parrish D
Rating
Life insurance is a fantastic way to invest your money in a tax-sheltered environment, provided that there is a need for protection but if you are a multi-millionaire your money alone is enough to protect.

Plus life insurance (for relatively healthy people) is a sure-fire way to buy a dollar for cents.


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