Category Archives: Insurance

Visitor Health Insurance and Visitors Medical Insurance

Visitor Travel Medical Insurance plans sometimes referred to as Visitor Medical Insurance or Visitor Health Insurance plans can be purchased anytime even during the middle of a trip.

Medical emergency is a situation when a life-threatening medical condition existed, or the lack of medical attention would endanger his or her life, limb or sight and requires immediate medical treatment or has painful symptoms requiring a relieve to suffering or discomfort. Many Travel Health Insurance plans focus on providing coverage for your medical expenses resulting from sudden illness or injuries during your trip, with many policies covering trips from seven days to 3 years.

Many people find that understanding Visitors Medical Insurance can be a challenging process because there are numerous insurers with many different kind of plans, different deductibles, various coverage options and restrictions. Purchasing a plan that caters to your needs is not always easy. You can actually make your decision making process easier by taking advantage of the tools offered by the insurers’ website. It can help you to compare all major insurance plans, get free instant travel quotes and purchase a plan that best meets your specific needs.

Many insurers have offered the option of purchasing a Visitor Health Insurance online and this can get very misleading for many people because they thought that they can get immediate visitor health insurance coverage online. You should be aware that Visitor Health Insurance policies may establish a certain waiting period before it covers pre-existing conditions which are health problems you had before you bought the insurance, as long as the waiting period is reasonable by current standards set by the insurance associations.

If you think a Visitor Health Insurance is too pricey, you can save money on Visitor Health Insurance by obtaining a Dental Discount Card and an RX Prescription Card separately from your visitor health insurance program.

Visitor Travel Medical Health Insurance is ideal for tourists to US, for parents and other family members visiting the United States. The medical expenses at overseas can be very high especially when it involves hospitalization.

You can reduce the financial risk of unforeseen accidents or medical emergencies by buying visitor medical insurance.

Lastly, if you travel frequently to foreign countries you should get a Visitor Medical Insurance because with sufficient health insurance coverage, you can reduce the financial risk of unforeseen accidents or medical emergencies. Most importantly, you won’t have to see situation going catastrophic

Monumental Life Insurance – A Company Worthy of Investment?

There are so many life insurance companies out there to choose from nowadays that there are literally hundreds of different companies who offer life insurance. This is great as it gives people a variety and choice, and allows them to make a decision on the best possible supplier to meet their needs. However, there are some drawbacks to having a wide range and vast selection to choose from, that sometimes it can become intimidating and often overwhelming for an individual to be able to make a decision and pick one single life insurance company.

Monumental Life Insurance

Monumental Life Insurance is definitely one insurance company that should be considered as a leader in their market. The Company is a member of the AEGON Insurance Group, which is an international group that has a number of pension, insurance, and financial services organizations – and it also presently ranks as one of the largest insurance services groups throughout the globe.

Other than the Monumental Life Insurance Company, there are many other life insurance companies that one may choose from; it is important to be aware of all the options that are open to you before any decisions are made on any one particular company and policy.

Other Companies

Besides the Monumental Life Insurance Company, one of the best life insurance companies around is the London Life Insurance Company. They are a renowned world leader and provider of life and health insurance, as well as retirement and investment plans, and mortgages for your home – covering a lot of financial services products. The company offers a wide range of different financial products and services, and most help meet the needs of differing individuals throughout the world.

In terms of insurance, this organisation helps people plan on meeting their needs of the future, this can be establishing a career, or trying to start a business or family and London Life Insurance have a lot of different policies for individuals to choose from that ill be right or you.

By having the right life insurance cover and protection policy allows an individual person to feel whole lot safer and provides them with peace of mind, especially since they are aware that when they die they will become a financial burden on their family, by passing on all of the costs to their family and these not being covered by anything. However, by having one of these policies, their family will be given a lump sum from the life insurance policy towards paying the costs of the funeral and other expenses, this is relieving to all of those involved.

When you go about choosing life insurance cover, you should take this process with great sincerity; although there are many different good life insurance companies around, there are many other companies that are cowboys and the important thing here is that you are able to spot them from the rest. You will want to steer clear of these bad apples, and not enter into business with them. If you take your time and put effort into researching this process ad getting the best possible outcome – a great life insurance policy or plan that you are looking for – then you will have accomplished what many others have too.

Dental Plans: How To Choose The Best Dental Insurance For You

You understand that you need dental insurance. After all, it is an essential part of life, no different than any other medical coverage. And, despite the fact that you hate going to the dentist, you know that, one day, you may need more than a simple check-up. If an extensive amount of work is done, you need to find yourself covered. So, you need the right plan to suit your lifestyle. Often, businesses will cover dental insurance and offer plans to their employees. This is how the majority pays for their dental work so,
below, we will explain the must common plans used to give you an idea of where to start:

One: direct reimbursement plan. The most favored plan, this lets employees be reimbursed for any money they spend on dental care. If you have anything from a check-up to an operation, you will pay for it, and then your employers will give the money back. This makes it a simple process, hence its popularity. Not all companies can afford to do this, however. Small businesses may not be able to match larger bills.

Two: indemnity plan. Smaller businesses are more likely to use this plan. With it, they will pay one hundred percent of cleanings amount, eighty percent for basic work like getting a cap and fifty percent for surgical procedures. The employee will then pay the rest. While some find this an unfair plan, smaller companies can not afford to pay one percent of every visit. They just do not have the funding.Still, unless a major procedure is being done, the employee will have to pay very little.

Three: managed care plan.This is often the most common, though not always the most favored plan. For businesses with little money to spend on dental insurance, this plan will suffice. Employees pay a co-payment. This, in turn, helps pay for procedures. The more involved the procedure, the higher the co-payment. This allows employers to pay for only some of the bill. Of course, this plan is not popular with most employees as they may end up paying the majority, but it must be understood that, for smaller businesses, dental insurance is more luxury than necessity.

These three plans are the most common found in the work place, and you will–in all likelihood–deal with them. If you have the fortune to work in a larger business, expect the first plan and, therefore, the best plan. Smaller companies will rely more on the other two. While all plans provide coverage, direct reimbursement provides the best and most wide-spread. Of course, because of this, it takes a company with a solid financial ground, Employers lose money with it. Your smaller businesses cannot afford to do that; they need every cent to pay the bills.

Do learn all you can about your company’s care plan, however. Never simply sign anything without understanding what it offers and entails. Learn all you can about benefits and stipulations.

Good Dental Insurance Not Only Protects Your Teeth, But Also Your Overall Health

When most people think about the term work benefits, they are most always talking about health insurance followed closely by dental insurance. This should come as no surprise as everyone knows that you need dental insurance. Yes, dental insurance is atop many people’s lists of important job perks. But why exactly is dental insurance so important and necessary?

That answer can be found in the midst of a debilitating toothache that seems to simultaneously throw your world into one giant throbbing, aching tooth. In fact, few things that can disturb your day more than a bad tooth. This is why it is imperative that people have a good dental insurance plan. More and more employers are starting to systematically include dental insurance as part of their benefit package. It’s undeniable that dental health is very important, and doctors are emphasizing this idea each day.

Currently, only 57% of Americans under age 65 have dental insurance, through their employers compared with 85% for medical insurance. Unfortunately, many companies are being forced to take a hard look at how they spend their limited health-care dollars, meaning that dental insurance tops the list of benefits employers are looking to cut. Companies argue dental insurance is a nonessential benefit, since a patient’s total financial risk is relatively low. After all, a medical catastrophe could wipe you out financially — something that’s unlikely to happen with even the most costly dental expenses.

Dental health can also be attributed to other physical health issues. For example, Gingivitis, which is an infection of the soft tissues of the mouth, if left untreated, can become a serious problem that could land someone in the hospital. Neglecting your teeth can be bad news when it comes to your overall health.

Unfortunately in past decades, regular dental checkups and preventive care could only be afforded by the upper middle-class and wealthy groups. So it turned out that before dental insurance became widespread, the average person did not seek regular dental checkups and saw a dentist only when something hurt really badly. Millions of people now get regular preventive care that in the past might not have done so, and the nation’s dental health is much better for that change.

But even in this day and age, there is still a large group of people that simply cannot afford to pay for any kind of dental insurance. A severe lack of finances makes it impossible to pay for any type of dental care. For people who lack proper dental insurance, dental procedures or simple regular dental checkups are often extremely expensive. If people cannot afford to pay for these treatments themselves, the result is simply that they are missing out on essential dental care. After a trip to the dentist, some people are often left with a nasty taste in their mouth, not from the experience, but after they have seen how much they owe.

The biggest dental problem that needs proper medical care is tooth and gum disease. These gum and tooth problems can rapidly grow worse and this can even result in tooth decay to a point where people suffering from these problems are not even able to properly use their teeth and help is needed. Treatment of tooth decay and seriously deteriorated teeth are unaffordable for many consumers, and if they want to avoid losing their teeth, it is important to get some kind of care that is affordable. This is another factor highlighting the importance of dental insurance.

Without dental insurance, there would be many more people across the nation who would be suffering. Furthermore, people would have to deal with the rising costs of premium dental health care. A filling for example might cost anywhere from $125-$200 depending on the region of the country where they live. Routine examinations and cleanings will cost the patient at least $75, which is nothing when compared to dental x-rays which can be over $200. Other procedures such as root canals can cost up to $1,000, and cosmetic dentistry averages $1500 to $3000, depending on the procedure.

Good dental insurance reduces the cost of routine dental care, often paying in full for one set of x-rays and a cleaning each year. That routine care can prevent many of the more expensive emergencies. Even more important, routine dental examinations can often turn up the first signs of more serious health problems – the first signs of illnesses like diabetes are often found in your mouth. Comprehensive dental insurance is one of the key ingredients in good health care.

Is dental insurance really necessary? The answer is a definite yes.

Mobility scooters insurance

 

Current legislations state that there is no requirement for a user of a mobility scooter to hold adequate insurance, unlike car users who are legally required to hold adequate insurance. However, users should give careful consideration to taking out at least third party insurance to cover any potential claims that could be made should the user cause injury of damage to persons or property. As these claims can often run to ten of thousands of pounds if not more, plus any legal costs which are incurred. Consideration should also be given to taking our adequate insurance to cover the scooter itself. A new scooter can cost hundreds of pounds and insuring it against damage, theft etc could be a financial sound decision.

The DVLA make the following comments with reference to mobility scooter insurance:

“Although it is not a legal requirement, it is strongly advised to have insurance. Suitable schemes are not too expensive and are available to cover your personal safety, other people’s safety and the value of the vehicle.”

As discussed previously the insurance can be divided into two areas; The Scooter itself and Third parties (people and property)

Insuring the Scooter

The cover for the scooter usually protects you against the cost of repairs to, or replacement of the mobility product in the event of an accident. Some policies also cover or will pay towards the recovery costs of getting you and your mobility product home following an accident or breakdown. Users should check to see the level of cover being offered on the policy.

Third Party Insurance

If you accidentally hit anyone or anyone’s property and you are sued for negligence the insurance should pay for your defence and the resultant damages if you are found to be negligent. Such claims can be very expensive and insurance to cover legal costs and law suites would be very worth while. Such situation could include hitting a pedestrian, crashing onto a car, or causing an accident through negligent driving.

Conclusion

It is worth while holding adequate insurance to cover your scooter and any potential third party claims against you should any accidents occur. Shop around to ensure you receive a good quote which offers adequate cover.

How To Know If You Need Long Term Care Insurance

There’s some piece of advice among financial experts that should be well taken to heart: do not over-insure, and insure only based on your needs. If you’re still young, for example, you’re better off taking out a term life insurance policy and investing the rest of your savings in high-yielding financial instruments like the stock market.

This brings most of us to the single most important point: when should you take out a long-term care insurance policy?

Deciding on whether you need long-term care insurance depends, for the most part, on where you are in your finances. If you only have low income to speak of and you are already at the retirement age, then you’re better off staying at a nursing with Medicaid paying the cost of your stay. Since Medicaid is a federal and state program that is paying for nearly half the cost of America’s nursing homes.

But if you’re a reasonably financially well-off person, yet you don’t want old age getting in the way of your lifestyle, then you might ant to consider taking out a long-term care insurance policy. However, long term care insurance is not something you want to spend for, without considering the other items on your budget, because:

• You pay for high premiums
• Your premiums may increase over the years
• You pay for some expenses from out of your own pocket
• You lose benefits with a lapsed policy and without a non-forfeiture protection

There are some uncertainties in life that may make you think twice about long term care insurance. You might just meet your end in an accident. If that doesn’t happen, and hopefully it never does, here some things to consider, to determine if you really need long-term care insurance.

Your Family’s History

Does your family have a history of heart diseases, diabetes or Alzheimer’s? Did close relatives fall early because of those diseases?

Your Family’s Current Situation

If right now you needed help in getting dressed or in bathing, would any of your immediate relatives be available to help you out?

Your Own Finances

According to the United Seniors Health Cooperative, a non-profit organization based in Washington, DC, people should only consider long term care insurance IF they have (a) at least $75,000 in savings, or (b) at least $35,000 in annual income (in retirement).

The figures indicate that you should only think about long-term care insurance if you enough money that paying for the premiums does not affect your current lifestyle. If this isn’t the case, the best route to take is to put your money where it will earn interest, pay for professional healthcare only if needed, and if necessary, qualify for Medicaid.

Overseas Travel Health Insurance for India

Health Insurance policy issued to you is valid in India only. When you travel out of India then you need Overseas Travel Health insurance policy because of following reasons :
i. If Hospitalization is required while you are in a foreign country then treatment may not start in a hospital; unless you make the payment in cash or by credit card or produce health insurance policy reference / card.
ii. Some embassies of foreign countries need it as part of documents for issue of visa itself. An example is the Germany Embassy or Spain Embassy.
Even though this policy in the beginning was for taking care of hospitalization/medical treatment only but at present this product is available with certain additional features.
You will notice that while in the case of Health Insurance policy valid with in India is having the limit of Rs 5,00,000 but in case of Overseas Health Insurance policy sum can be as high as US$ 5,00,000, which is nearly equal to Rs. 235 lakhs. (Rs 2.35 crores)
Health Insurance policy valid within India is issued with difficulty for those above 60 years in age. In the case of Overseas Travel Health Insurance for India, the policy can be issued even for the age of 84 years but subject to following documents being attached with proposal form for all those whose age is above 70:
• ECG test
• Blood test
• Urine test
Medical assessment in specified format duly filled/signed/rubber stamped along with license no. of the postgraduate (M.D. or a above) doctor who has filled the report. It is to be understood that report by MBBS qualified doctor is not valid.
The medical specialists of the Insurance Companies generally based in Zonal office or Head office review the documents and decide:
1. Whether to accept the proposal and underwrite the risk
2. If to underwrite the risk should there be loading on premium rates and what should be the maximum amount of Hospitalization covered.
This approval cycle can take 2 to 5 days. Normally for a person of 70+ age the limits imposed with respect to hospitalization / medication in the policy are between US $ 10000 and US $ 50000. You will notice that this is much less in comparison to limit of US $ 5,00,000, which is available to those who are in age group of 70 years or less. The good thing about this policy is that it is even issued to those who have preexisting disease. Hospitalization in foreign country even with the disease (preexisting) is covered.
On the concept of loading factor starting on a specified data it has been seen that for a person aged 84 traveling to USA, a specific PSU loaded the premium by 150%. Private Insurance Companies are generally not issuing policy to those, who are 80+in age.
In these recent months we notice that PSU’s have started discouraging the issue of such policies
These policies can be divided in to :
1. Single trip policy
2. Annual multitrip policy
As the name indicates single trip covers a single trip, which is starting on a specific date and ending on a specific date. It is possible to extend the date on payment of additional premium subject to condition that no claim has been made. Extension of policy is at the discretion of the Insurance Company.
Annual Multi trip policy is having validity of 1 year. As many trips as you wish are possible but it is subject to the condition: “Single trip not being more than 30 days.” Some Insurance Companies now offer option of single trip not being more than 45 days.

Liability Insurance In Magic Shows Is An Asset

The good old United States of America, whether you admit it or not, is a severely litigation-obsessed society. Basically anyone in this country stands a chance to be sued for any or whatsoever act that is proven to be his or her fault. Arm chair sociologists call it simply as the deep pocket syndrome.

When one is doing public shows, especially the ones that deal with magic, the very best thing anyone could do to stay in the safe side is to buy an insurance for your act. It is not an option. It is a need for goodness sake.

One of the good insurance that some entertainers have has a one million dollar liability. It came from an agent from the Farmers Insurance Group.

Having an insurance is like having a fire extinguisher. It is so much better to have one than not have it at all. You feel safe, protected and covered. One million dollar tops and is quite enough to give you a sleep-heavy night and a wake-up-fresh morning.

It has been said that the Society of American Magicians has the kind of insurance of this type. It is very important that you get an insurance. If you have one or if you are planning to purchase one, make sure that the insurance policy you have a product clause.

This works well just in case you use balloons for your act, or birds for that matter. If one of the audience members happen to take it home with them and they accidentally choke on the balloon or get bitten by the bird, you have nothing to worry about because you are definitely covered.

For your information also, if you have performer’s insurance and you happen to perform a magic act while you were not in your costume, most likely you are not covered.

If you have liability insurance and while you are performing, a child insists that he or she wants to touch or to have one of your props, make sure that you make it clear and known to everyone concerned – as they may be potential witnesses – that you are giving the prop or props to the parent. Hand it over to the parent. Doing so transfers the liability on the hands of the child’s parents.

There are also magic tricks performed by clowns. Currently, it is highly unadvisable – fortunately or unfortunately – for clowns or any performer to hug children or to get close enough unless it is to shake hands.

These days you really cannot be too careful. And being too careful is still the best way to go.

It is best that prior to doing a magic act or any public show for that matter, that you – as a performer – tell all the adults and children in the audience about some specific props that you might be distributing to them during the course of the show. If for example you will be using balloons, announce beforehand that children’s mouths and balloons do not mix. Doing so keeps you from any liability and your audience safe from choking unnecessarily.

One performer has an existing one million dollar liability, it also includes five hundred thousand dollars worth of product liability. The insurance also covers any event wherein the performer and his or her employee is entertaining. However, it does not cover any contractors that are independent from the performer which the performer has hired. If the performer needed to hire someone outside, the performer always requested for an ‘additional insured’ from the insurance company.

Make sure though that once you get an insurance, that insurance company should be able and willing to give you a rider that will be able to cover you if in case you are working or need to work off premises and on a particular client’s house, business office, facility, or any other area that is different from where you regularly and usually work in. It is a standard item and there should not be that much fuss over it. Any good insurance company should be able to do it.

All you need to do is be persistent. It is an item that is almost always considered a standard on many insurance policies.

Critical Illness Insurance. Are Your Children Insured?

Cover for your children is the most undervalued aspect of critical illness insurance. But as most policies automatically provide the cover as a free extra, we suspect that some policyholders don’t even know they’ve got it!

Most policies automatically insure your children albeit at a lower level of benefits than the main policyholders cover. But this cover is invaluable, especially if your child becomes critically ill and you need to take time off work to provide care.

Critical Illness insurance pays out a tax free capital sum if the policyholder, or one of their children, suffers one of the very serious illnesses scheduled on their policy. The only rider is that the claimant must survive at least 28 days after the diagnosis.

Scottish Provident, one of the UK’s largest critical illness insurers has announced that claims for children is now its fourth-largest cause for a claim. Says Nick Kirwan, their Protection Marketing Director, “Work takes a back seat when your child becomes ill. You may need to cut your working hours or even stop working altogether”.

If your critical illness policy does insure your children, then a payout from the policy gives you the financial flexibility to do just that. So how much will they pay out?

Most insurers will pay a proportion of total insured value if a child becomes critically ill. For example, Norwich Union will pay out 50% of the insured sum or £10,000 whichever is the lower – and this cover includes adopted children and step children. Standard Life and Legal & General also pay up to 50% with Standard setting the maximum payout at £25,000 and in L&G’s case it’s £15,000.

Cover never starts as soon as the child is born. With some policies cover starts up at 3 months but others wait as long as three years. Ideally, you want cover to start as early as possible.

Another other point to understand is that if the main policyholder has a claim, then the policy pays out and terminates – they can’t claim more than once. But if there is a claim for a child, the policy does not terminate – the cover for the policyholders continues unaffected. And if you start or add to your family after you’ve started the policy there’s no need to inform the insurer as the cover automatically covers all your children.

But not all insurers will insure your children. Neither the Halifax, National Westminster nor Nationwide Life include any cover for children. So if you have or intend to have a family, it’s vital that you tell your adviser and then he or she will ensure your policy includes the necessary cover.

And that brings us to the topic of professional advice. You can buy Critical Illness insurance online all by yourself but honestly it isn’t worth the risk. In our experience over 50 % of DIY buyers don’t get it exactly right. There is little standardisation within critical illness insurance so you’re unlikely to get your ideal policy if you buy on price alone. It’s one of those situations where a low price can turn out to be a costly mistake!

In order to get the ideal policy your adviser need to understand how much you can afford and what aspects of cover are most important to you. It’s then a matter of using experience and product knowledge to find the best options. If this sounds like a receipt of throwing your discounts down the drain, it isn’t.

Very few high street brokers will give you any discount but shop online with one of the specialist critical illness brokers and you’ll get full service and a discount.

Divorce – Moving Up about As well as Maintaining Which Life Insurance!

Are you aware that your daily life insurance policy might nevertheless include your own ex even though you 2 tend to be divorced as well as Not wish to become a part of each and every other’s life? Insurance policies possess lots of good creating when one thinks of this particular. A person don‘t need in order to be able for you to help ignore your own insurance selections since it may finish up causing you to spend greater than you can at any time picture. The actual laws and regulations tend to be totally different for each condition, therefore you can need to examine what it indicates for you personally and also your mate, since you could find you’re self with inside the center of a few costly complications. In case have the ear of a great insurance agent, you might be able to guard your self-using this. You‘ll need to ensure that a person think twice concerning your insurance choices when one thinks of your own mate. Very initial, you have to assume concerning your life insurance. If you get one that entails some huge cash, a person would want to ensure you understand precisely the things that you will be signing. When one thinks of obtaining your partner of your respective policy a person would want to speak with agent immediately. When the actual documents tend to be filed, you ought to notice the things you need to do to bring all of these from the policy.

A few says can result in the policy invalid when the actual divorce will go via. You may even would like to exchange all of these as well as obtain a alter inside the policy. A person may take your own ex away and add your kids or even other people like the beneficiary. Changing a person beneficiary is not exhausting as well as arrived end up being carried out inside moments. Assume on who pays the actual premium. In case your husband needs he will cease paying or even money inside the policy as well as leave a person along with absolutely practically nothing at all in case something occurs.

To guard then the children, ensure that your own divorce says they keep your policy along with then the children like the beneficiary as well as ensure that she or he exhibits proof in with it every year. The only real factor is in case a policy lapses, these people do not have in order to be able for you to help reinstate this. You might be concerning from the cash, however your own ex can be accountable in order to be able for you to help repay all of the premiums which had been compensated.

If you want in order to be able for you to help title your kids like the beneficiary, a person would want to open up the believe in account after which title the actual beneficiary the actual believe in. This manner your own ex can never begin to see the cash. They‘re Not permitted to provide the actual cash towards the ex, however location this into your believe in account the youngsters can collect in 21 or even 18, whatever the actual arrangement is actually. Ensure you have all of your bases coated to ensure that your own ex does not obtain any kind of from the cash.

Assume in regards to the healthcare insurance. In certain says you are able to keep upon the policy with regard to 36 several weeks following the divorce is actually last. A person kid could be coated till they‘re grownups when one thinks of the majority of policies. The actual key is actually to ensure that a person understand your HMO limits. In case you transfer, your own ex might not end up being coated or even with regard to emergencies solely.

Homeowners provide you with a few surprises. Things that tend to be coated may merely be these from the called insured. Thus, in case your wife or even husband has got the insurance with their title, after that your own stuff won‘t end up being purchased in case a hearth or any other injury occurs. Whenever you transfer a person, ensure that you are taking everything within your title. A person would want to consider something that you‘d skip if this had been unable to become recovered. Your own auto insurance is yet another things which you can need to consider wanting more than to ensure that you will know if you‘re coated below your own ex’s.