 Legal Question re: Health Insurance Coverage? |
| Long Story = Bottom Line... I had coverage through my employer (as an hourly temporary employee - I paid the full premium - the employer just provided access to group rates) When I had a baby, I did ... |
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 How do you find out if someone had life insurance? |
| My Dad died last week unexpectatly, is there a way to find out if he had life insurance or do I just keep digging for policies. Is there some phone number to call and give his SS# and they can check ... |
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 Does health insurance cover Hepatitis A and Hepatitis B shots? |
| I know I need to contact my individual healthcare provider, but in general, does Health Insurance cover Hepatitis A and Hepatitis B vaccines? Also, do they typically cover anti-Malaria medication or ... |
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 Change of insurance company? |
| I just found out yesterday that the company I work for is changing insurance providers July 1st of this year. The thing is I'm in the 8th month of my pregnancy right. I'm on Highmark Blue C... |
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 Would you support a single payer health plan for the U.S. (medicare for all)? |
| 47 million American's go to bed every night without health insurance while the health insurance industry is making billions of $ in profits. We spend almost 2x as much as any other ... |
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 About health insurance? |
i don't have a health insurance
and my job doesn't provide me one
i had a car accident and i owe around 3,000 dollars
on my own hospital visit
i didn't ... |
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 Homeowners ins.? |
| what do you get to claim? If you're worth over 100,000 in home assets, how much will you have to pay a month/year? Or what would be the premium?... |
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 Is it worthwhile for both me and spouse to purchase family coverage health insurance? |
| I currently have family coverage health insurance through my employer that takes care of me, my spouse, and my infant son. It is about $160/month and has excellent benefits. Now my husband is ... |
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 Homeowners insurance~>please Help!? |
| My homeowners insurance nearly doubled this year from what it was last year. We've had zero claims. I was expecting an increase, but maybe of $10 or so. What gives? Why did we get such a ... |
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 Post Office: Insured package lost, I receive amount insured for? Or only the value of item? |
| I'm under the impression that if I insure a package at the post office for $500.00 and that package is lost, I will receive $500.00 regardless of it's value. I paid the fee for that ... |
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 Question about life insurance and insurance in general? help? |
| I'm trying to help a friend get a hold of an inheritance that an attorney is wanting to take a 33% chunk of to help her claim. one of those unclaimed money deals. i did a search on my friends ... |
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 Can a college make me buy medical insurance? |
| I am married with two children. While my wife and I are in school, we will be on state insurance because we are making very little money. It covers near 100%. The college is going to charge us about $... |
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 I am needing some legal advice.? |
| back on december 30th 2006 my pickup was totaled in an accident. it was a 98 s-10 and was not paid for. my payments were being made to chase bank through a chapter 13 bankruptcy trustee. a few days ... |
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 Should I invest in whole life insurance? |
I am relatively young.
Additional Details
and married.... |
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 Insurance for an engagement ring? |
| alright, here is my situation. i have found an extremely beautiful engagement ring setting that i love. but the company dosent offer insurance..i plan to either buy the diamond from them also,or from ... |
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princess | What is life insurances? |
what is life insurance? what types of life insurances and what do they cover? can you get a life insurance where after say for example 20 years nothing happens to me or my partner, they will pay back the money back? can you get life insurances that covers the morgages repayments if i become ill or lost my job? if so, what is it called? am new to it all please help answer as much as you can and if it helps I have a mortgage, 2 children and a partner! based in UK |
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Mark S
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Life insurance is the transfer of risk from oneself to another, for a fee. For example, I go to an agent, fill out the forms and am approved for insurance, now I must pay the company each month for the coverage amount I agreed to. Should I die, my beneficiaries will collect that face amount. If I stoppaying the premiums, the insurance will also stop.
Types of life ins.- Two types Term and Whole Life. 1) Term is pure insurance. You pay the premiums and the company will pay out if you die in a certain time period (term). 2) Whole life, Universal, EIUL, Variable and VUL do the same as term but add a cash account to the insurance. This is why it costs more than term.
But understand that the underlying insurance is TERM, usually Annually Renewable Term, except in the case of Whole life. ART means that as you grow older, the cost of the term policy goes up. This means that less of your money goes to the cash account.
What do they cover? Insurance is meant to be gotten by healthy people. The insurance company doesn't want many sick people otherwise they would lose money by paying out claims each year.They want to limit the number of claims so that they have the most money gaining the most interest. They have rules and you must usually have a medical test done. Even if you have some health challenges they will cover, at a higher premium, some of these. They will also cover people in certain jobs or with certain hobbies but also higher premiums. Usually, the only limit on paying out is in the first two years. After that, it is all good!
Return of Premium is a rider that can be attached to almost any policy. RoP is what you are talking about- have term for 20 yrs, you don't die and the company reimburses you all your premiums without the benefit of interest. You just gave them FREE money!! This costs a little bit more.
Lose your job- this is a disability rider, again it costs a little bit more for adding this. It will cover the cost of premiums after certain conditions are met- usually out of work or disabled for at least six months, then the company pays your premiums for you.
My recommendation is to sit down with angent who will do a complete financial check up for you and your partner. The will look at your full financial picture, ask you what you want to achieve for retirement, education goals of child(ren), show a plan to you that covers all of these questions for you. This plan should also show how much insurance you need and for how long. The person should also have a securities license to assist in setting up retirement plans, educational plans, etc.
Hope this helps. Email if you have any further questions or if I could help schedule a sit down with you. |
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Red G
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VERY interesting guide info about your Question HERE:
http://all-insurance-online.blogspot.com
Good luck! |
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com as u r
 |
If yer snuff it ur kids and hubby will get thosands of pounds... better b nice 2 them then. |
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Lolly
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A life insurance can be packaged in a variety of ways.
You can have as you describe a policy that covers you against a sudden death...which means your next of kin (whoever you nominate) will receive the sum you're insured for....should you survive the term for the policy (it might be 15-20 years)...there is a sum available dependant on the policy purchased (there are several different types)
There is an insurance that will cover you for a terminal illness...this could help with medical treatment or?
Insurance is a big subject...and different people need different insurance...appropriate to their circumstances.
The best thing for you to do is get in touch with some insurance companies 3-4 tell them what you need the insurance to cover....and they will advise you on the right product for you.
When you have all the details from all the companies...sit down with your partner or? and decide which would be the best one for you...and your circumstances.
Don't be pushed into signing or buying a policy before you've had the time to talk it over and think exactly what is being offered and...is that what you want.
In your circumstances its a good and responsible thing to do for your children's sake and yours. |
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CBadger
 |
This is taken from the source below. I think it sums it up nicely!
What is life insurance?
The term Life Insurance, in it's day-to-day form refers to an insurance policy taken out against an individual's life - as the name implies. Just like every other type of insurance, it requires the policyholder to pay regular premiums to their insurance company. The result of the policy is that, should the holder die, the insurance company pays out either a lump sum of a regular income to the dependants or other nominated persons.
NOTE: Life Insurance is also sometimes referred to as Life Assurance - these two names essentially refer to the same thing.
There are many reasons why it is a good idea to take out a Life Insurance policy. The most obvious is to provide financial security and peace of mind to your family, should you die unexpectedly. However, there are many other reasons why you should consider taking it out - these include protecting your mortgage, any estate or land you own, and even your business interests. |
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welcome news
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You can't get life insurance where if you don't claim you get your money back - but some life insurance does have an investment potential - it's just that other methods of saving are more efficient.
The second type of cover you are looking for is mortgage payment protection insurance (mppi) - try http://www.portwood.co.uk/asuone.htm for examples of rates.
This should be in addition to a decreasing term insurance policy to cover your mortgage balance if you die. |
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