Practical Health Insurance » Life Insurance

Life Insurance, Critical Illness and Income Benefit Coverage

Avatar — Thu, 10 Dec 2009 23:50:00 +0000

For people who need protection form disease (due to fears of it running in the family but you are determined to e in good health but prone to get them), there is a product called critical illness coverage which simply provides funding should you contract a dreaded disease. This can cover much of the costs of care and say for the adaptation of your house for use by the said disabled afflicted person providing quality life. Income benefit is another product that can provide a better solution if one wishes to continue receiving monthly compensation as if the insured person is still getting their paycheck. This is the opposite of a life insurance policy which pays a lump sum amount as stated in the contract that was signed with the firm.

Life insurance plus some other types

Avatar — Tue, 10 Nov 2009 23:48:28 +0000

Many think life insurance is simply as the name states which are policies that cover your loved one or the insured, just in case you die before a pre-determined date (the one indicated in the coverage dates if it is a life term policy). Now there are many names companies have given their products which can be due to the amount of coverage, but there are a few additional types which can be used to augment or take the place of life insurance should the need dictates it. Many people have redundant policies that can be good but at the same time considered to be a waste of good money which could have been used for other products such as the ones indicated in the next post.

Loose weight, lower your premiums (Part 2)

Avatar — Sat, 10 Oct 2009 23:45:19 +0000

Actual survey of insurance premium prices show that if a person is found to be 20 to 30 pounds overweight can get life insurance but at not so preferred rates due to their being more of a liability than regular people. The economic implications for everyday life are also quite unexpected for an overweight person consumes more fuel when traveling in a vehicle thus ending with more fuel costs. In industries such as the airline business, special rates are asked of overweight people for the additional weight that goes over their average for specific pricing brackets. So choose to loose weight and lower your premium payments, it can also prolong your life.

Loose weight, lower your premiums (Part 1)

Avatar — Thu, 10 Sep 2009 23:42:43 +0000

A study by the American Obesity Association conducted in Washington DC shows that for that area more than 25% of all men and 40% of all women are obese. The figure is not so good for considering the implication on a nationwide scale and the numbers would multiply exponentially. Now what does this have to do with your life insurance? Well people who are obese are more prone to health problems and they in turn have to pay more for their life insurance policies due to their being high-risk persons. Last year alone, $30 billion dollars was spent by the American public in efforts to loose weight or maintain their ideal weight which shows how critical the problem is.