There are 3 types of cover you should consider taking. You've probably heard about life insurance and income protection policies. But what about critical illness cover? If you hear about it for the first time, don't worry - this guide compiles everything you need to know. Keep on reading to learn more about critical illness cover. What is it? Critical illness cover is a type of insurance that pays out if you're diagnosed with one of the critical illnesses or conditions listed in your … [Read more...]
Life Insurance: Reasons Why it is Important to Have One
Life insurance is a contract between you and an insurer where the insurer pays you or a beneficiary a sum of money in exchange for premium payments over your lifetime in the event that you die. Life insurance is a great way to protect your family or dependents from any financial burden as a result of your income. Life insurance helps cover things like mortgage and personal loans, you can Read about an essential pension maximization strategy in this post from Affordable Life USA before anything … [Read more...]
Senior Care: How Much Does a Supplemental Insurance Plan Cost
For seniors on Medicare insurance plans, it is obvious that this health care plan is not enough for their medical coverage. This is where the Medicare supplement insurance plan comes in handy. Also known as Medicare gap coverage, this supplementary program offers additional coverage that a simple Medicare program will not be able to cover. A Medical Supplementary plan helps individuals with their coverage limit by taking care of some deductibles, co-payments and co-insurances. Some of them … [Read more...]
Is There A Time That You Will Longer Need Insurance?
For the reason of managing unforeseen risks, the majority of people will seek every type of insurance they can get their hands on. However, seeing as the fees of premiums are dedicated to a potential loss that has not yet occurred, some people are skeptical and, therefore, are discouraged from buying insurance. And although policies are capable of lifting you from desperate situations, sometimes they will not be worth taking out. That said, it is better to be safe than sorry. If … [Read more...]
Things You Should Know Before Being An Insurance Agent
Pursuing a career in insurance can be very rewarding. Most of those who consider this career path are tempted by its attractive compensation before they look into the other aspects of the job. Others fear that such an attractive job will be too demanding or requires a lot of certifications and qualifications. While it's true that this career is both rewarding and demanding, there's more to it than meets the eyes. Pursuing a career in insurance usually starts with becoming an insurance agent. To … [Read more...]
How To Spot Tactics Insurance Companies Use to Minimize Claim Payouts?
We often live hoping for the best and dreading the worst. Unfortunately, no matter how wishful you are in your thinking, bad things can still happen. This is why it is important to prepare in advance and take precautions so you won't suffer the consequences. One of the best ways to do that is by taking out the necessary insurance policies so you can get coverage in case you suffer health complications or a car accident. Unfortunately, even doing so doesn't ensure smooth sailing, because … [Read more...]
Coping After a Catastrophic Event
There's no telling when a catastrophe may strike. It's often unexpected, disorienting, and frightening. Depending on your health insurance, it can mean a high deductible that makes your hardship that much worse. Learning to cope during a worst-case scenario hardship is a difficult concept and there are a few things to keep in mind if you're going through a tough time. Your Health Insurance Shouldn't Work Against You As a result of the Affordable Care Act, more people are insured than … [Read more...]
How to Get the Most from Your Insurance Claim for Storm-Related Roof Damage
Of the many tens of billions of dollars caused by natural disaster losses each year, wind- and hail-storm damages are among the most common occurrences. While catastrophic storms like tornadoes and hurricanes are usually limited to specific seasons and geographical areas, thunderstorms bring strong winds and hail to every single state, almost every month of the year (though surely there are storm seasons, when hail is more likely). Storm-related damage, such as property damage from … [Read more...]
