How to Get Life Insurance for Cancer Patients

Insurance companies offering life insurance have a number of ways to determine how risky it can be to cover potential policyholders.  This is why most insurance companies ask medical history questions and require their applicants to complete a medical exam before they are approved for coverage. Obviously, the more risky the applicant, the higher the [...]

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How to Sell Your Life Insurance Policy

by John Michael on October 19th, 2012 Have you been thinking about how to sell a life insurance policy? Today I am going to walk you through the steps you will need to take in order to sell a life insurance policy. One of the most popular methods for selling is what is referred to [...]

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Breaking Bad: Walt Could Have Been Cooking Dinner for his Family Instead

Season 1 Breaking Bad Spoiler Alert! Walt’s Predicament For those of you who’ve seen the series Breaking Bad, you know the story. For those who haven’t, the main character, Walt, is a husband, father, and expectant father that is diagnosed with a likely terminal case of lung cancer. Because his health insurance won’t pay for [...]

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How Much Life Insurance Should My Stay-at-Home Spouse Have?

Many family breadwinners purchase life insurance on themselves. But often times, the need for their stay-at-home spouse to have life insurance protection is overlooked. Chances are your family could benefit from both the breadwinner and spouse being insured. Here are some things to consider when determining how much life insurance your stay-at-home spouse should have. [...]

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How Payday Loans Can Help You Pay your Insurance Premium

By Alicia on August 16th, 2012 An insurance policy is a pillar that supports you in managing the unpredictable events that occur in your life. An insurance policy is defined as the equitable transfer of risk (such as loss) from one entity to another with an exchange of payment (premium). The insurer is responsible for [...]

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How to Get Life Insurance for Cancer Patients

Posted by inswatwistguest on November 5th, 2012
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Insurance companies offering life insurance have a number of ways to determine how risky it can be to cover potential policyholders.  This is why most insurance companies ask medical history questions and require their applicants to complete a medical exam before they are approved for coverage.

Obviously, the more risky the applicant, the higher the premiums will be.  In many cases, individuals with pre-existing medical conditions can be rated or denied for life insurance.  Being rated means that you will pay a higher premium but that the insurance company is willing to take on the risk.  As a cancer patient, you might find it extremely difficult to find any standard life insurer that is willing to cover you.  While it might be a more time-consuming task, it is not impossible.  Here are some valuable tips on how cancer patients can find insurance that does not exclude their medical condition.

Knowing Where to Look For Insurance

Not all life insurance providers are willing to take on the risk that comes with covering someone who has been diagnosed with cancer.  Because of this, you need to understand which insurers specialize in this uncommon type of coverage.  Some insurers will offer coverage to current cancer patients and others may only offer coverage to individuals in remission.  You should avoid trying to buy insurance from standard providers who only specialize in covering healthy applicants.  If you focus more on the specialty market, you are much more likely to shorten the amount of time it takes to find an insurance provider who will not ask medical history questions or require an exam.

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Consult an Agent or Broker

If you are not sure where to start to find insurance providers, you should contact an insurance broker who is very familiar with the industry.  Insurance brokers do business with dozens of different life insurers.  They act as a middle man between the applicant and the insurer.  Because of this, they know the specific requirements of several different insurers, and will be able to sift through all of the providers until they match you with one.  While the broker does charge a brokerage fee for his or her services, the fee is well worth the time you will save.

Social Networking

Social networking has become a great way to connect with individuals who have similar interests and lifestyles.  If you have a profile, you can connect with other cancer patients and survivors who have probably been through the same situation you are in.  They may be able to refer you to companies who offer life insurance to cancer patients and individuals in remission.

Use the Internet to Your Advantage

If all else fails, the Internet is a powerful platform with plenty of different resources.  You can compare term, whole, and universal life insurance policies.  You can also research the providers who do offer insurance to patients with treatable forms of cancer and more serious forms.  Be sure that you only reference relevant sources that have accurate information.

Get an online life insurance quote now!

As you can see, there are a number of ways that cancer patients can find life insurance.  From simple burial plans to more comprehensive policies, there are options.  Take your time to do more than just compare premiums.  You should look for restrictions that are written within the terms of the policy, compare different death benefits, and choose riders that will provide for your children and your spouse when you are gone.

This article was composed by Roy McClure for the team at http://www.medicalcodingandbillingcertification.net/.

 

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Determining the Right Amount of Homeowners Insurance

Posted by inswatwistguest on November 3rd, 2012
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by Ty Whitworth on November 3rd, 2012

Trying to decide how much or how little homeowners insurance to purchase is not easy; there are many factors to consider and if you don’t choose wisely, you could either find yourself paying out a lot of money unnecessarily, or not having enough coverage in the event that something serious does happen.  The best solution is to research your options thoroughly before you buy so that you’ll feel comfortable with your decision, resting assured that you have an appropriate level of coverage for your individual needs.

Factors to Consider

Some of the factors to consider when deciding the amount of homeowners insurance to get are the same factors that insurers will use when estimating the cost of replacing your home.  These include square footage, quality and type of construction, materials used and what they cost, and any special features or accommodations your home offers, including amenities that may not be “standard” in most homes.

Other factors to consider are whether you live in a fault zone or flood zone, whether you have a basement, if you have expensive family heirlooms or jewelry in the house, or if you employ people in your home.  You’ll want to make sure that you’re covered against liability in some of these cases, as well as being able to protect your belongings.  Generally, policies cover the structure of your home (not the foundation or the land) and any attached structures (garages or sheds).  Balancing all of the factors above is important, because they help not only in determining the amount of coverage, but the type of coverage as well.

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The Different Types of Homeowners Insurance

There are four primary types of homeowner’s insurance coverage that are worth considering.  The first of these is Liability Insurance.  Liability is, as with automobile insurance, a type that protects you against injury done to others on your property.  If someone slips and falls and seriously injures themselves at your home, you’re covered by this type of insurance.  Content insurance takes care of your personal belongings – everything that’s inside the house.  The final two types of insurance deal with the house itself.

Cash Value Insurance

Cash Value Insurance covers you for the actual value of the home.  This means that as your home ages and depreciates in value, your insurance coverage amounts go down.  This depreciation is taken on all components of the home – heating and cooling system, appliances, windows, and more.  This type of insurance will not cover you as well as the final type of insurance: Replacement Cost Insurance.

Replacement Cost Insurance

Replacement Cost Insurance covers you for an amount that you determine and is the most common type of homeowners insurance in effect today.  In addition to the value you take out the insurance for, the insurance company covers a certain pre-determined percentage of the value.  For example, if the insurer offers 125% replacement cost coverage, and your home is insured for $400,000, then the insurance company would kick in an additional $100,000 in the event of payout.

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When considering amounts, a general rule of thumb is to look at the average cost of construction per square foot in your area (you may have to call around to get estimates on this) and to multiply that by the square footage of your home to come up with the amount that would adequately cover you in case you must rebuild the home.  If the cost of construction per square foot is $175 and you have 2,000 square feet of space, then you’d consider getting $350,000 in coverage.  However, some will recommend that you get slightly more (perhaps 125 or 150%) than the estimated value to make sure that you have enough to cover your expenses in case of emergency.  Some of this goes back to your considerations in the beginning: do you live in a high-risk area, etc.  Ultimately, your insurer should be able to advise you on what would be a safe amount and you’ll have to decide what you can afford.

This article was composed by Ty Whitworth for the team at Atlanta Gutters.

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More Money, No Problems: Why Insurance Companies Love Minimum Coverage

Posted by inswatwistguest on October 20th, 2012
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Ads for cheap minimum coverage auto insurance are everywhere. You can hear them on the radio, watch the clever commercials on television, and you can’t miss the colorful pictures on massive billboards while you’re driving down the highway.

All of them promise roughly the same thing – save money, buy now! Of course insurance companies want you to buy now. Faster profits are generally good for business, and besides, you’re saving money right? That’s what the insurance companies would have you believe.

The Berks County car accident attorneys at my firm have difficult conversations with hundreds of crash victims that chose the minimum coverage option each year. Meanwhile, insurance companies are laughing all the way to the bank.

How Insurance Companies Make Money 

Insurance companies take in money from policy holder premiums and invest those funds in a variety of securities, including stocks and bonds. That money grows over time, bolstered by new premiums insurance companies bring in every year. In essence, policy holders finance the investments of insurance companies and help them amass increasingly higher profit levels. The financial numbers certainly bear that out.

Insurance industry profits have risen by an average of 46 percent since 1994 with companies earning annual profits in the billions of dollars. Purchasing minimum coverage insurance is the greatest favor you could ever do for the insurance because it allows your provider to keep nearly every dime you pay them.

What You Get for Minimum Coverage

The term ‘minimum coverage’ refers to a bare-bones policy that satisfies a given state’s requirements for insurance to operate a motor vehicle legally. Every state has different coverage standards, so the definition of minimum coverage varies depending on what state you live in. Generally, this minimal insurance policy only covers medical expenses from injuries sustained in a car accident and property damage to another driver’s vehicle.

Minimum coverage provides no financial support to help you pay for damage to your own vehicle and can have dangerously low levels of medical coverage. In Pennsylvania, the minimum coverage for bodily injury in an accident is only $15,000. A serious crash can easily exhaust the entire policy and leave you holding the bag for thousands of dollars in medical debt. Our Chester County car accident lawyers continually stress the importance of higher coverage levels. The decision to spend a little more money now can save you from financial ruin later.

Who Profits?     

With a minimum coverage policy, the insurance company gets to take your money and give nearly nothing back in return. That’s why it’s so cheap. Insurance companies understand that even if you use every dollar available in your minimum coverage policy, it’s still only a drop in the bucket of a hundred-billion dollar industry. When you purchase auto insurance, you’re buying the security of knowing you have a safety net in the event of an accident. Doesn’t it make sense to obtain coverage you can actually use?

Richard P. Console Jr. is the managing partner of Console & Hollawell P.C. Since 1994, the firm’s dedicated Delaware County car accident attorneys have helped more than 5,000 accident victims obtain the compensation they deserved for their injuries.

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How to Sell Your Life Insurance Policy

Posted by inswatwistguest on October 19th, 2012
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by John Michael on October 19th, 2012

Have you been thinking about how to sell a life insurance policy? Today I am going to walk you through the steps you will need to take in order to sell a life insurance policy. One of the most popular methods for selling is what is referred to as a “life settlement”. A life settlement may be a good option for you if you have been thinking about selling your life insurance and you would like to receive the maximum cash reward for your policy.

One of the benefits for selling your policy by using a life settlement brokerage firm is the fact that you will be able to take your unwanted policy and have it sold to a third party person. In most cases you will receive more for your policy using this method versus surrendering your policy to the insurance company.

How to Choose a Life Settlement Brokerage Firm

If you are unsure of what a life settlement is, it’s what is done when you take your current policy and you sell it to a third party person that is looking for a policy. The third party person will take over the premium payments and will take over the benefits of the policy that are payable upon death. The benefit to the seller is that you no longer have to pay the premiums for a policy that you no longer want or need. In order to understand how to choose a life settlement brokerage firm you will want to understand what your needs are.

Choosing a brokerage firm that is limited in what they can do for you may mean the difference between selling your policy and losing your policy. Choosing a life settlement brokerage firm that will be able to offer multiple options is an ideal way to ensure that, even though you may not qualify for one option, other options are made available to you. Check the track record for the brokerage firm. Call one of their specialists to see what your options are, and whether or not your life insurance policy would qualify or benefit from life settlement, and use this information to assist you in making an informed decision.

How to Sell Your Life Insurance Policy

The next questions you may ask yourself is how or when to sell your life insurance policy. These are good questions and there are some basic things to take into consideration when considering the best time to sell your policy. If you are under the age of 65 of your policy does not currently provide coverage for under the age of 65 you may wish to consider holding onto your policy a bit longer.

The best candidates for life settlement solutions are those that provide a service to those aged 65 or older. Another factor to take into consideration when you are thinking about selling is what your financial situation is at the moment. For example, if you are looking to sell because you can no longer afford the premium this may be a good time to look at selling.

If you no longer have a use or need for the life insurance policy but you have not yet had the policy for at least 2 years it may be a good idea to hold onto it as policies under 2 years old are less likely to qualify to be sold through this method. The best way for you to sell if your policy falls into these categories may just be to consider selling through a life settlement brokerage firm. Alternatively you could surrender your policy for the cash value to your insurance company but you may be leaving money on the table should you choose this option.

Author’s Bio

John Michael has written this article on behalf of sell insurance policy – Genesis.

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Tips For Insuring Your Classic Car

Posted by inswatwistguest on October 17th, 2012
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Insuring your car is never easy, whether it’s because you’re a first time driver and the insurers want to milk you for all your worth; or whether you’ve been driving longer than the company has been around and they want to penalize you for being “elderly.”  As if we don’t have enough to worry out replacing tyres left, right and center whilst trying to keep our fluids topped up!

Insuring Your Classic Car

The fact is, we’re often in a head-to-head battle with insurers to bargain out a reasonable price for both parties.  More often than not this can be achieved, with a little compromise from somebody.  However, insuring a classic vehicle is a whole other ball game.  Specialty insurance is a lot more complex but equally provides a lot more protection, of course at a higher financial cost to the policy holder.  Navigating this minefield can be tricky for first-timers, so it’s key to ensure that you’ve got a grip on the starting ropes.

Vintage vs. Historical

The first thing to do before insuring your classic car is to determine whether it really qualifies as ‘a classic’. There are two types of classic cars in the eyes of most people: vintage and historical. A vintage is a type of classic car that was manufactured between the 1900 and 1930 while a historic vintage car that whose year of manufacture dates past 1930 and not beyond 1973. However, there are other interpretations around the world including “classic,” “antiques” and “wartime” cars, with the UK operating on a “veteran,” “vintage” and “post-vintage” system.  Despite these classifications, different insurers have their own means of defining whether a car is a classic or not.

Using a Regular Auto Insurance Policy

The mode of classic car utilization solely depends on how one uses it. Several manufactures accept the classics into their mainstream of car insurance policies. This is usually a good bet but will also have financial decisions on your side. Getting into a mainstream policy only implies that you pay higher premiums than other policy. Moreover, there are higher chances of the car owner not getting accrued benefits should the risk for which the car is insured occur, than it would have been if the owner acquired specialist insurance.

Specialized Insurance

The major benefit of a specialized insurance is the agreed value clause. This is the amount payable if the insured declares the vehicle a total loss. The difference between these two types of insurance sets up when it is time to determine the amount of premiums you are to pay for your car. A specialized insurance allows you to state all the particulars such as the value for which you bought your car and any expected future change in their prices.

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Conversely, a mainstream insurance conducts its research on the current market prices to determine the value of your esteemed car. If this type of insurance is used, then two things will occur. First, the insurer is going to have a rough time estimating the actual value of the car. Secondly and most important, your classic car might be insured at a lower value than it actually costs in the real market.

Classic car owners should strongly consider taking a specialized insurance because of its value policy. The value policy is more suitable for older cars as it assures the owners of compensation. However, the classic car policy is also able to meet the insurance costs but it should be looked into before making and critical decisions concerning premiums.

The value policy is the best choice for insuring your classic vehicle. It contains the required terms of services and stipulates clearly all charges that you are likely to incur. Additionally the compensation value is quite open and one can easily figure the amount they are going to get for their car should a loss-causing risk occur to their beloved vehicle.

Author Bio:  Matt Bonner is a classic car enthusiast with motor oil in his veins.  Between keeping his cars running and himself topped up, he works for EasyWheels.

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Top 5 Tips to Reduce your Auto Insurance Premiums

Posted by inswatwistguest on October 15th, 2012
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Most people now-a-days have security in the form of life insurance, home insurance, car insurance etc. Because of this the market has become saturated with companies offering insurance, making it easier for you to find the eight coverage!  However you need to understand the terms of your auto insurance contract. For example, whether you have PPI claims coverage.

PPI Claims is nothing but “Payment Protection Insurance”. It ensures that if your payments cannot be met due to illness, job loss etc. they are then covered by your payment protection Insurance. This leaves you with peace of mind.

Here are some tricks to tackle high auto insurance premiums:

Always Use a Trustworthy and Single Insurance Company

Always use a trustworthy insurance company so that you can secure your assets and belongings. Deal with a single insurance company for all types insurances. You’ll benefit from multi-policy discounts and the convenience of working with the same company on each of your insurance issues.

Have Bursting Information About the Company

It’s good to have complete information about the company (Rules, Regulations and Policies). Before purchasing a policy, you need to have all the information about their service, and know how well the policy suits your specific requirements.

Get Rid of Once-a-Month Bill Pay

Paying each month can be a hassle, and it will cost you more each month, since most insurance companies charge a fee each time you pay. So, you should tell your premium company to send the bills twice in six months or twice in a year. If you can afford to pay less often, it’s much more convenient.  This way you can concentrate on your work and family, and pay less in fees over time.

Secure Your Assets From Thief‘s and Robbers

It is common thing in today’s world to have your car stolen. To help combat this, people are insuring their cars by using the most reliable car insurance companies.

Make Progress With Your Credit Score

Most auto insurance companies are using the credit system to determine premium amounts. People who have good credit are are receiving the lowest prices and best deals on auto insurance. With a better credit score you may be able to get much more affordable premiums.

About the Guest Author: My name is Sarah.  I am a tech writer from UK.  I am into Finance.  Catch me @financeport

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