 Are these health insurance ads I'm seeing on TV for real? |
| I have open enrollment at my job for next year but I pay $500 a month for family coverage. Can I do it cheaper without compromising my families care?... |
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 Need some help here guys...? |
| ok so im looking for a health insurance i can pay monthly without optical included. i need medical and dental...dont want to spend more than like 200 dollars a month...help me out guys...anything? ... |
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 I have a life insurance exam and I smoked a few cigarettes...? |
| I quit smoking a few years ago but I recently lost my mother and have smoked a few cigarettes (like 6 cigarettes over the last 2 weeks). I have to take a blood test for for a new life insurance ... |
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| My wife has a family history of cancer which is causing my life insurance quote to change from £15 a month to £50. Do I really need to disclose this info to the companies, or should I not tell them ... |
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 What could I do if a company keep sending billing statements that were not my responsibility? |
| I have done an x-ray in a lab a year ago. The lab failed to submit the claim to the insurance company soon enough. As a result, the insurance company refused to pay the claim. Then, the lab sent the ... |
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 In the case of an insurance, what does $100 deductible mean? |
this is a question from a test. i'm sure a lot of you guys know what it is....HELP!!
Additional Details
a. $100 is deducted from your insurance premium each year.
b. your ... |
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 Furnace needs replacing, will homeowner's insurance cover it? |
| My mother in law's furnace went out the coldest day of the year, will homeowner's insurance cover the 3200$ + it will cost to replace it? State Farm is the insurer.... |
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 Medical Claims being denied - How to prove I had insurance? |
| I went in for an outpatient surgery last month. I have very good insurance and the co-pay should have been $200.00. Instead I get a letter from the hospital telling me that my insurance company ... |
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 I live in South East London and wondered if I have to have terrorism insurance to get a mortgage for my flat? |
| I have been told that some mortgage companies will not give mortgages without the property being insured for terrorism despite the fact we live in se26 in a small block of 12 flats and wondered if ... |
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| Will I just get a bill in the mail? I'm positive I have to pay something but the clerk said it doesn't say on my insurance card.... |
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 In my divorce it states i must provide medical insurance for my daughter, do I have to use my employers insur? |
| I need to know if i must use my employers insurance or can i get my own policy somewhere else for her only. It is very expensive through my work and really the coverage isnt that great.... |
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 Home & Car Insurane? |
| What insurance company combines Home and car insurance i want to pay them ... |
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luckoftheirish3090 | Do rich people need insurance? |
I was just wondering..if they have so much money....do they really need insurance? |
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MSAD
|
They especially need insurance.
Think about it......a rich person hits another car. Does not really matter how bad the damage is or if the person was actually hurt. They are going to run to the Dr -- run up a big bill -- hire an attorney and sue. Folks are more likely to come down with lottery syndrome when they realize they were hit by a rich or famous person. A rich/famous person has assets they need to protect.
Therefore, a rich/famous person would be wise to purchase a very very large insurance policy. The policy would pay for defense costs (which can be very expensive) and for judgments up to the policy limit. |
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magoo&me
 |
The rich get richer by purchasing insurance and transferring wealth. The beauty of life insurance is that it can be used to leave an inheritance tax free. |
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mbrcatz
 |
Insurance is a financial tool. Rich people tend to get rich, by using financial tools.
They'd rather pay a fixed $300 a month for their health insurance, than risk a possible six or seven figure health condition.
That's what money management is all about.
Even in states where you can post a bond instead of buying auto liability coverage - wealthy people measure what that bond could be earning, vs. what they could be out of pocket in a major loss, and auto insurance is still a really good deal. The only people I know of that don't want to have to buy insurance, are the ones that need it most - they're just really rotten money managers. |
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Oh Boy!
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Of course they do. |
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D.BISWAS, LIC OF INDIA
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all human are a dream, rich man or poor man no problem ,they have the dream like, poor man want to richman and rich man want much much richer, so find out what is the dream and remember all reach man take maximum loans from banks or any financial institutions, if he take the maximum insurance coverage that her family life is safe otherwise he is a rich man , but after her death her family may be ? |
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godschild
 |
no but it is a lot easier to make payments monthly then it is to to pay a large sum all at once
rich people don't need it but it is not a bad thing |
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Joe
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Do poor people eat food? Of course. No matter how much money you have, insurance is a relatively cheap way to ensure you get your money back in the event of illness, accidents, etc. PLUS -- personal liability insurance is huge if you have assets to protect. People know you have money and they will not hesitate to drop a stupid lawsuit on you for any little thing.. and the way the justice system works, they will get rewarded for it. |
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kapn
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Yes........risk management.......they can pay 1K per month until they die.........one serious illness and all thay money will be paid back and then some.......heart bypass.......a real issue these days will cost $100K............long term care will eat your shorts........ |
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aaron p
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Insurance is really a way to displace a risk that you cannot or would rather not afford. It works because of a mathematical principle called the Law of Large Numbers. Most rich people have the business sense and free-time to understand that an individual could not have the Law of Large Numbers on their side unless they paid for it. So yes, rich people need insurance for the risks they either could not afford or would rather not afford themselves. In fact, they seem to like it better than poor people.
There are also certain tax advantages that come into play with insurance products that make the opportunity costs of insurance contracts more appealing than the IRS. Here's to hoping you'll need to make that type of choice one day.... |
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