Important Points to Ponder Before Buying a Health Insurance Plan

A health insurance plan is an essential part of financial planning in this era of skyrocketing medical costs. Medical inflation has been aggravating at its full spree which makes it all the more important to buy a Health Insurance plan which could sponsor the hospitalization and medical treatment bills or expenses.

It is important to evaluate and look for the following parameters to get a best health plan for you and your family.

1. Check for the Waiting Period Clause

You must be feeling care free after taking an insurance, but your health insurance comes with a waiting period clause for specific conditions. There is an initial period clause which says that any hospitalization claim will not be admissible in first 30 days of the policy commencement apart from accidental hospitalization.The pre-existing diseases or conditions are also not covered immediately after you purchase a policy.There is a waiting period ranging from 2 years to 4 years as per the plan cond

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Term Life Insurance Companies, Their Ratings And More

There are countless term insurance life insurance companies. As someone who’s been a life insurance professional for more than 20 years, I can honestly say that the best term life insurance companies, the top rated term life insurance companies, and the best rated term life insurance companies are very similar. It’s not to say they are all exactly alike but they are usually similar. To compare term life insurance companies is really a matter of what’s important to prospective insurance client.

Your priority

My experience has been that what most people are concerned with when it comes to term insurance is what it will cost them.

Clearly some term life insurance companies are more highly rated by companies such as A.M. Best, Moody’s, and Standard & Poor.

Some of the factors that determine a company’s rating are:

  • Financial strength
  • Financial stability
  • Ability to pay claims
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Teenage Drivers Auto Insurance

IIHS further suggests that immaturity leads to various risky habits for examples ignorance towards speed limit and the inability to recognize or respond to hazards. It is therefore not uncommon for auto insurers to charge high premium rate for young drivers. To help lower insurance cost, IIHS recommends parents to only let their teenagers drive safe-vehicles with at least these 4 basic principles:

· Low horse power: vehicles with high-power engines are serious temptations for teenagers to test the limits of their cars.

· Bigger vehicles are safer: small cars are bad, because they offer little protection for drivers in the event of crash. Small SUVs are still in the institute’s recommendation list.

· Electronic Stability Control (ESC): this safety feature helps apply automatic brakes in times when the vehicle suffers from loss of traction.

· Best safety score: the National Highwa

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How to Protect Yourself From a Nuclear Disaster

On Saturday, January 13, just minutes after eight o’clock in the morning, an error occurred at the state Emergency Operations Center: a worker from the incoming shift sounded the emergency alert by mistake. All reading the alert were notified about the unthinkable.

“Emergency Alert. BALLISTIC MISSILE THREAT INBOUND TO HAWAII. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL.”

The one thing true about the alert was that the notification was not a drill. The problem was that it was a slip-up. A grave mistake that sent residents into shock because they believed – as the text on their cell phones read – that this was a genuine alarm, meant to alert them of a grave danger in regard to a nuclear bomb.
Six minutes after the alert was sent, the state tried to retract the alert, while canceling the message so that further texts about a nuclear threat would not be sent to the remaining cellphones that had not yet received the false alert.

We

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Supplemental Health and Accident Insurance – When Less is More!

What is Supplemental Health and Accident Insurance?

Supplemental insurance policies usually pay out cash for specified events. For instance, a cancer policy may provide money for specific cancer treatments, transportation, and even lump sums of money that an ill person many need to pay bills if they are out of work. Broader policies also exist, that pay out for a variety of critical illnesses. These are usually called critical illness policies, and they may pay out for specific diseases like cancer and heart attacks. Another type of supplemental insurance is called a terminal illness policy and it may pay out if a policy holder is diagnosed with a disease that may end their life within a specified amount of time, usually 12 months. A supplemental health policy can make up for gaps in regular health insurance, or it can just help out with money to pay bills.

Like supplemental health insurance, supplemental accident policies can work in multiple ways. So

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His Fishing Gear Was Insured, But Not His Life!

There is an eerie legend about Lakewood, NJ’s Lake Carasaljo that its quiet appearance does not tell. It is a bizarre tale that goes back to the 1880’s or perhaps even to an earlier date.

As the legend has it, Mr. Joseph Brick, wealthy Lakewood iron and land business entrepreneur of the time, had three daughters named Caroline, Sally and Josephine who tragically lost their lives while swimming in the lake. In his grief, Mr. Brick named the lake after the loved ones he lost to it – Cara (Caroline) Sal (Sally) Jo (Josephine).

All of those details surrounding the drowning of the three girls except for the naming of the lake in their tribute, I am told, are purely fictional. It is a story that has absolutely no basis. The three daughters of Joseph Brick, in reality, were a health bunch, grew up, married, built families and led ordinary lives.

Yet, the cloak of serenity veiling the beautiful Lake Carasaljo hides something powerful. Nestled deep with

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Protect Your Vehicle and Yourself With Auto Insurance

Auto insurance is a type of general insurance under which you will be protected against any unforeseen situations. This insurance protects you from any kind of financial distress if in the case of an accident or theft or loss of a vehicle or in any of the described events in the policy. You simply got to meet an auto insurance provider to avail this facility. Once you meet the service provider they will explain you various types of auto insurances available with them and the premium you have to pay, the term of the insurance, benefits, and riders if any.

Knowing all these details is enough to go for auto insurance; however, it is always advisable to read the policy documents properly before signing the documents. It provides property, liability, and medical coverage. Property coverage provides protection against theft while liability coverage protects against any legal responsibilities which are to be performed by you. On the other hand, it also provides medical coverage in c

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5 Questions to Ask Before Purchasing Home Insurance

Your home is likely your most valuable asset, so protecting it just makes sense. As such, you can think of your homeowner’s insurance as an investment in protecting your financial future. Before you buy a policy based solely on premiums, ask your insurance provider these five questions to make sure you’re getting the coverage you need.

#1 – What Does (and Doesn’t) the Policy Cover?

The most important part of your home insurance is the policy itself. What, exactly, will it cover? What happens if your lawnmower is stolen out of your garage? Will you get the full purchase value, or will you get the depreciated value? If you accidentally cause someone an injury away from your home, will your policy cover that? Discovering exactly what your policy covers will help you decide just how much and what type of insurance to buy.

#2 – How Much Coverage Do I Need?

An insurance agent will often ask you to

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Cheap Health Insurance – Health Insurance for The Self Employed

If you’re self employed, you may think of health insurance as a luxury. When you’re barely making ends meet, paying several hundred dollars a month for something you may not need isn’t a priority. Or maybe you can’t find a health insurance company to insure you because of a pre-existing condition. If you have no health insurance, you’re banking on the hope that you won’t get sick. But if you do, your business suffers.

If you can’t get individual health insurance, or if the premiums are out of reach for an individual policy, there are a number of ways to get cheap and discount health insurance and health care.

Look Into State Subsidized Programs

Many states offer discount premiums for low income families and self employed business owners. Others have set up ‘risk pools’ that make your health care costs cheaper by spreading the risk throughout a ‘pool’ of people much like employers do with group pla

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The Different Types of Life Insurance Explained

There are numerous companies existing today that offer life insurance policies. Though the crux of the policy (to ensure a safe and sound life of an individual’s survivors as well as to the individual) does not alter yet companies try to differ with each other by making different classifications or bifurcations.

Broadly the life insurance is divided into two parts.

1. Term Life Insurance Policy- Anyone can opt for a term life insurance. This type of policy is basically meant to cover a person’s short term requirements. For instance if the policyholder unfortunately meets with a grave accident, he can claim for the insurance amount. But it also compensates the bereaved in the case of death of a family member. All in all it is a policy that helps in covering potential need for life insurance in the short run.

Term life insurance is usually a renewable and convertible program. It ranges from one to hundred years. If it is a one year program then the cos

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