Insurance

A cash value policy is an insurance product that packages insurance and savings together. Investing money in life insurance has resulted the returns horrible sometimes.

Your insurance person will show you wonderful projections, but none of these policies perform as projected.

Life Insurance:

Most people try to go without any insurance because they feel confident in there self. This is not a very smart way of thinking especially if this person has other members in his or her family. taking chances like that can put you behind in life very quickly in which you would be letting everyone down in your care.

That could be a horrible feeling having to live with yourself knowing that it was your mistake to let everyone down in your household. Some things to keep in mind with insurances it is wise to hold on to your policy and keep a good history with your insurance company. Insurance premiums can change drastically because of carelessness. Shopping for insurance would only be helpful to you if you have none. keeping a good record with your insurance company will be more helpful to you in the future with them.

For example a person with a DUI on there driving record will raise there auto insurance premium cost. In that case some auto insurance company’s will disqualify you of having insurance with them. This would be another reason to have to shop for insurance. When finding an auto insurance company that will except DUI offenders it is wise to try and keep a good rcord with them or rates will drastically increase. There are many factors when dealing with insurance company’s.

Make sure you look through the policy very carefully and ask questions later. This will avoid any confusion when something would arise.

Business Insurance:

Business insurance in this economy continues to demonstrate difficulty in finding best value for best service while satisfying the employer and employees equally. Most community phone listing will have a number of local and nationally known insurance agencies available to choose from.

Most may still beg the question of, “Who will provide the best value for the best service?”. With any investigatory process involving service; it is best to query those utilizing the service. Try checking with tour local better business bureau for any complaints made against local agencies while using Internet resources to review the overall satisfaction with larger national companies. One commonly overlooked resource to determine best providers for business insurance is the local government sector.

Typically, local government sectors are open records bound and have to readily disclose fiscal operations and justify decisions. Local government sources apply to large employment segments and small business applicability. In addition to being openly available to inquiry, local government is also driven to utilize best cost for best service to members. Be aware of the size of business you are looking to insure.

Many large insurers provide discounted rates for larger companies (group rates) while other smaller agencies may provide group rates dependent upon the demographic of the insured. Poll the group when appropriate to determine the desired features of the plan selections. Some employees may desire lower premiums while others may find lower deductibles and prescriptions a benefit. Finding the balance between what will satisfy the books of the business and employees will always be the challenge of the employer.

How Would I Find Who is the Best Provider for Business Insurance?

What Is The Best Insurance Company To Work For Me?

Start buy doing a quick research in any search engine like Google, Yahoo, or Bing by entering the words “Top Insurance Companies” and look at the results. At the time of writing this Google’s results were; Results 1 – 10 of about 93,600,000 for Top Insurance Companies.

So what does this tell us? Simply there is not enough time to go through all of these pages to find out what insurance company is best for us to talk to. The trick is, if it is a trick, is to quickly scan your results and try and see which url that shows up in the searches is sort of pointing to what you are looking for.

If your search was for say, top insurance companies, top auto insurance companies, top health insurance companies or for the largest insurance companies then those words are what you may be looking for in the companies URL. Let us say it was health insurance you were interested in then a URL like http://nztophealthinsurance.com may catch your eye. It is a good guess that if the subject you are searching for is in the URL of a company then it is fairly likely they will have relevant, targeted insurance information for you.A great starting place anyway.

Here at NZ Top Insurance we hope to show you some of the top insurance companies that may suite your specific needs. You can look through our site or search for more information using our search engines configured to search insurance companies whether they are related to health insurance, travel insurance or life insurance should you need it.

Why Do We Need Any Insurance At All?

A short story I was told. My step-dad fell from a roof last year. He was flown to a local hospital, where he was treated for severe injuries to his heart, pelvic bone, right arm, right arm; he also needed stitches at his right brownbone. At the time, the extent of injury to his brain were unknown. He stayed in the intensive care neuro-trauma unit for two months with around-the-clock monitoring. He took thousands of dollars in antibiotics, pain medication, etc. He had nurses for respiration, physical therapy, cardiac, and more. He would probably not have had the quality of care had he not had good insurance. With the extent of his injuries, he may not have had any care; they may have let him die then.

Eventually, insurance would no longer pay for the intensive care there and he had to be transferred to a an acute-care facility, where he stayed for four more months. He had the same types of doctors and nurses here; they came less frequently. The physical therapist, for example, came only twice a week. In the end, his condition did not improve and he died. Without insurance my mom would have owed over $2 million. It must be very difficult to lose a spouse – especially like this – very sudden, and to learn to live on one income when you would have been able to retire comfortably next year. To have those obstacles and to have to face this debt and possibly bankruptcy would be unimaginable.

Insurance is vital in our today’s life style. With out insurance in our life’s we most likely are taking risks of loosing. It is a great relief when you have an auto accident and realize that you your family and your vehicles are covered or you go on vacation and you come home to find your house burnt down and there is a home owner insurance policy in affect. Most people try to go without any insurance because they feel confident in there self’s. This is not a very smart way of thinking especially if this person has other members in his or her family. taking chances like that can put you behind in life very quickly in which you would be letting everyone down in your care. That could be a horrible feeling having to live with yourself knowing that it was your mistake to let eveyone down in your household. Some things to keep in mind with insurances it is wise to hold on to your policy and keep a good history with your insurance company. Insurance premiums can change drastically because of carelessness.

Shopping for insurance would only be helpful to you if you have none. keeping a good record with your insurance company will be more helpful to you in the future with them. For example a person with a DUI on there driving record will raise there auto insurance premium cost. In that case some auto insurance company’s will disqualify you of having insurance with them. This would be another reason to have to shop for insurance. When finding an auto insurance company that will except DUI offenders it is wise to try and keep a good record with them or rates will drastically increase. There are many factors when dealing with insurance company’s. Make sure you look through the policy very carefully and ask questions later. This will avoid any confusion when something would arise.

Why do we need insurance?

What Is The Best Health Insurance For An Older Person?

Many people wish they had more information on this, such as,”Why are they now looking for health coverage. Did they just recently come off of a group health plan? Are they on Medicare? Since I don’t know this information, please indulge me and I’ll give you the best I can find.

First, if they aren’t on medicare, I would suggest that you contact the Social Security office, right away, and get them on it. Both Part A & Part B. Part B will have a premium of $88.50/mo. for each of them, but it’s the least expensive coverage you will find, and they take this premium out of their Social Security check each month. As far as Medigap, a medicare supplement is their only option until the first of next year. (I’ll expand on that in a minute). There are lots of companies that offer medicare supplements, but pre-existing health conditions could be an issue. If they are (mostly) healthy, meaning no diabetes, no heart or cancer problems within the last two years, the options are unlimited for a reasonably inexpensive medicare supplement.

I tend to lean toward the Conseco Medicare Supplement more than any other on offer. Why? It may not be the least expensive, but most Med Supps are, what is called, attained age. Which means, they will increase a little each year as the person gets older. Conseco seems to not increase as much as most out there, keeping the premiums affordable for a much longer period of time. Let me jump off here and answer the question,”why do they need a Medicare Supplement?” Medicare, for the last couple of years and as far as I can see from now on, has increased the deductible each year. This has everything to do with the financial stability of Medicare.

For 2006, the deductible for Part A is $956, this is not an annual deductible, but can reaccure as many as 4 times in one year. Allow me to explain, this deductible is only for 60 days. In other words, if they go into the hospital on Feb. 1 and get out on the 3rd and need to go back into the hospital anytime for any reason in the next 60 days, they don’t pay the deductible again. But, if they go back into the hospital, for any reason, 65 days later, they pay the $956 again. For this reason, I recommend that everyone on Medicare have some sort of Medigap policy, if they medically can qualify.

Everyone has a 6 months ‘guarantee issue’ time period when they first get on Medicare. This is Federal Law. No one can be turned down for a Medicare Supplement provided they apply for one in the 6 month time period, regardless of medical history. There are also some other situations where they may have a ‘qualifying event’ that will move this 6 month time to the present. Such as, if they recently were dropped from a retiree group policy, or if they have been covered by a group policy and have just recently retired. They also qualify if they have had a Medicare Advantage plan and either the plan pulled out of their area and they lost coverage or if they are within the first 12 months of coverage and wish to return to a Med Supp, these ‘qualifying events’ are the only way to extend the 6 month guarantee issue time period. If they are healthy, and can answer the first 10 or so health questions on the application with a “No”, then they can get a Med Supp from almost anyone. If they are diabetic, the lowest premium for a Med Supp is with Mutual of Omaha. United American also will issue the policy, but this is usually an issue age policy, and starts out much higher than M of O, but does not increase nearly as much. If one of them (or both) have had a Heart Attack, Stroke, a stent put in, or have had cancer within the last two years, I’m not aware of any Medicare Supplement company that will accept them. If this be the case, a Medicare Advantage Plan is their only option. I tend to like Med Advantage plans because the premium is usually alot less then conventional Medicare Supplements. The problem right now is, they have an ‘open enrollment’ and ‘closed enrollment’ period. The ‘open enrollment’ period runs from Nov. 15th of each year to Dec. 31st, with an effective date of Jan. 1. Any other time is what is called ‘closed enrollment’, and they can not enroll in these types of plans, unless they have experienced one of the ‘qualifying events’ disclosed earlier.

What is a Medicare Advantage Plan?

In a nutshell, this is a contractual agreement between an insurance company and Medicare. The insurance company assumes the financial responsibility for the medical claims the insured has, not Medicare. Medicare pays the insurance company an agreed amount, each month, depending on where the insured lives and the costs of medical care in that county. This is why when one signs up for a Med Advantage plan, they still have to pay the $88.50 each month for Part B. Some people think they lose Medicare when they join a Med Advantage, this is not at all the case. They still have Medicare, hence the Part B premium, it’s just the Medicare is no longer financially responsible for the health care costs of the insured, outside of the monthly amount Medicare pays the insurance company.

This is one reason why the premiums for the Med Advantage plans are lower than Medicare Supplements. Another reason is the Med Advantage plans may not pay as well as say a Plan D or Plan F Med Supp. The insurance company is not taking as much risk, so they don’t charge as much for the premium. Medicare Advantage plans generally will require the insured to pay a copay when seeking medical treatments. The amount of the copay varies, depending on the company and the plan the member is enrolled in. There are two types of Med Advantage plans available in 2006. One is an HMO plan.

In Oklahoma City, the Secure Horizons HMO plan has a $0 monthly premium for their Classic Plan. It is sometimes hard for a client to understand that they can have coverage for no premium, but it’s really not ‘no premium’ as Medicare is paying Secure Horizons each month for every member enrolled in the plan. Secure Horizons just does a good job in negotiating the rates the providers charge for their services and does a good job in managing the funds received from Medicare. They, at least last year and this year, do not require additional premium dollars to be paid by the insured to adequately and sufficiently pay all the claims. HMO plans are usually only available in Metro areas. For the rural people, they have an opportunity to get a Medicare Advantage Fee-For-Service Plan (PFFS)(new for 2006). This plan is very similar to what Med Supps were like before the Gov’t standardized Med Supps in the 1980’s.

These plans work the same way as the HMO’s in that the premium is usually lower because Medicare is paying the company’s the monthly amount per enrollment and there are copays for services rendered. One of the biggest differences is that with the Fee-For-Service Plan, the insured can go to any Doctor they wish, provided the Dr accepts Medicare Assignment. There are several companies that have introduced plans like these for 2006. The monthly premium required for all of these types of plans can vary from one year to the next, depending on the experience of the companies. What one company charged for the 2006 plan may not necessarily mean that the 2007 plan will be the same. We’ll just have to see what they come out with this fall to see what the premiums will do.

Elderly accepted

If you are interested in a PFFS plamay I STRONGLY recommend that you get with an agent that 1) you can trust, and 2) knows what he/she is talking about, before you sign on the dotted line. Seniors don’t like surprises, so make very sure that they are plainly explained on what it does pay, and what it does not pay. Be very careful here, as there are some plans that don’t pay much for a hospital stay, but tout how good their plan is. I blame this on the companies and their lack of training they give their agents. One company, that we are appointed with, spent the whole day (in their training session) talking about premium and the Drug Plan (Part D) that came with their plan and spend no time explaining what the plan did not pay. In their Infomercials they played on TV, they spent alot of time bragging on the $15 Dr. office copay, their included drug plan, and how cheap the premium was. They never mentioned that with a 5 day hospital stay the insured would be out $900. This means if the insured has 5 hospital stays that consist of 5 days each, the insured would be out of pocket $4,500. Now they do have a max out of pocket of $5,000, but if one is not aware of the co-pays and how it works, and don’t have a large savings, this could put one in a serious financial bind. Hence, the surprise! This would not be so bad if you are healthy or are expecting the expense, but the careful explanation many agents get, and the lack of understanding on their part, has led, or can lead, many people into financial ruin.

I don’t wish to scare anyone, because there are really good plans out there, Pacific-are has one of the best Fee-For-Service plans I’ve seen to date, it just wasn’t available everywhere last year. Hopefully they will expand their area next year. I have to Appolonia for this being such a long answer, and can only hope it will help answer your question. If it doesn’t, please expand on your question and give me more information so that I can specifically answer your question.

Auto Insurance (Auto Car Insurance, Automobile Insurance)

In the event of a car accident or damage, auto insurance will protect the owner from the expensive costs involved in fixing the car, other property or another driver’s car. Car and auto insurance is essential for all drivers and is required by the law in many states and countries. It is wise to have full coverage automobile insurance, but some drivers can get by on third-party or liability insurance.

Types of Auto Insurance

There are two main types of auto insurance. They are:

Full Coverage Auto Insurance

In the event of an accident, full coverage auto insurance will protect the car and any other cars or property damaged. Normally, finance companies stipulate that any of their clients that have car loans must insure their cars fully. This protects the bank, as the car is theirs until the loan is paid off by the owner.

Third Party Auto Insurance

Third party or liability auto insurance will only protect another party in the event of an accident. So if a car with third party auto insurance hits another car, the other car’s damages, and perhaps even the expenses incurred from loss of use, would be paid by the offender’s third party insurance. However, any damage to his/her own car would have to be borne by the car owner. Naturally, this is less expensive than full coverage, as it carries far less risk.

Types of Auto Insurance

There are six main types of coverage that can be included in a car insurance policy. They are:

Comprehensive Coverage

Comprehensive coverage, as the name implies, means that no matter what happens to your car, you are covered. This includes theft, fire, and damage caused by extreme weather such as storms, floods, snow or even lightening. If you face the elements daily – or live in a dangerous neighbourhood – then this type of coverage is for you.

Drivers Uninsured or Drivers Underinsured, This type of coverage will protect you and your passengers in the case of an accident caused by another driver, regardless of their insurance status. Without this coverage, you may still end up paying the costs of repair even if the accident was not your fault, simply because the other driver didn’t have any insurance, or their policy did not cover third party damages. With this coverage, you needn’t worry.

Personal Injury Protection (PIP) Medical Coverage, A lot of drivers focus on insurance for their vehicles, forgetting that serious accidents can send drivers and passengers to hospital, leading to medical bills and loss of income. PIP policies will cover these costs, and can even extend to funeral costs.

Property Damage

And it doesn’t stop with cars and passengers. Third party property can be damaged, for instance parked vehicles, buildings and gardens. This type of coverage can be used to offset costs accrued with damage to property

Bodily Injury Liability,This coverage will cover the medical bills for injuries incurred by other drivers, passengers or bystanders in the case of an accident. Don’t forget that healthcare costs are the largest source of bankruptcy in the US – and don’t add to that statistic by ensuring you are covered!

Collision. This is for the cost of collision (that’s a crash to you and me) with another car, lampost, shop window or any other object. This coverage normally comes with a deductible starting from $250. The higher the deductible, the lower the premium will be, understandably. This coverage is for physical objects only – it does not cover medical or legal bills.