Pet Insurance: How Far Will You Go For Your Pet?

From the moment you welcome a pet to the family, you automatically assume the role of its caretaker throughout its lifetime. You become responsible for their food and nourishment, grooming, shelter, and activity. But treating them when they get sick and keeping them in physically good shape are out of the scope of your responsibility – unless you are a veterinarian yourself. Read more

You and Your Healthcare: 5 Ways to Cut Your Medical Costs

According to Kaiser Health Foundation, a healthcare non-profit, an average employee currently pays $694 in annual healthcare premium for individual coverage and $3,281 for family coverage. This amount is expected to increase by 10 percent this year.

In the face of tough economic times, rising cost of medical care, as well as the ongoing threat of a global pandemic, paying close attention to your healthcare expenses has become urgent and very necessary. There’s no better time to sit down and carefully lay out your spending priorities than now. But the important fact one has to remember is that, while it is imperative that existing medical cost has to be cut down in order to accommodate other basic household necessities, nobody can afford to get sick, or worse, lose their jobs as a consequence. Read more

Discount Dental Plans

Good health, whether it is physical health, eye health or dental health is important to all of us. But these tough economic times means all of us are looking at our budgets more closely and looking for ways to save money. There are options for saving money on health plans known as discount dental plans but are they legitimate? Read more

Dentalplans.com – A Good Alternative to Dental Insurance

Because we value our healthy and beautiful smiles, we only want the best dental plan or insurance policy for us. A little browsing over the Internet led me to countless options, most of which seem closely similar to each other. After a period of information overload, I became confused and exhausted until I stumbled upon DentalPlans.com. Read more

Home Warranty 101: The Basics

When you go a big box retailer and shop for a digital camera, you always ask if there’s a warranty.  When you walk into an Apple Center and purchase the newest MacBook, you ask for the warranty period.  Anything that is way too costly and that you “value,” you always want to feel secure about.  You want to have full use of it!  A house is something you value for sure, as it provides shelter to your family.  Naturally, there is a corresponding warranty for that!

Home warranty is an insurance policy that covers most of the major mechanical composition of a house or a condominium.  It’s like insuring the appliances in your house.  Normally, new homeowners do not buy a home warranty because new homes come with a builder’s warranty and thus one is not needed.  For old houses, it’s imperative that the buyer inspect every minute detail of the house.  If the house is bought without old and ‘pre-existing’ issues being noted, the home warranty company may reject  future claims. Read more

Insurance Policy: Investment or Expense?

If you own a goose that laid golden eggs, which would you insure, the eggs or the goose?  A tricky question, isn’t it?  Actually, you can just insure anything you want.  A bigger question though is: is it significant to insure that ‘something’?

It’s a basic norm of insurance to cover your big risks in life, which includes your life, your health, your home and your car.  Better safe than sorry, they say!  Your insurance should not only be comprehensive but it should also be geared towards encompassing catastrophic situations that can cause economic hardship.  If it’s not any of these things, then, paying for its insurance may just be a waste of money. Read more

The ABCs of Auto Insurance

Owning and learning to drive a car is a must in the United States.  Not all states have subways or accessible public commute.  Car insurance is not a luxury; in fact, it is a necessity.

Car insurance traces its roots from China and to-date it is the most widely purchased kind of insurance coverage.  What it offers primarily is liability protection, but secondly protection against property damage may also come in handy.  If you have an accident and someone gets hurt, a portion of the medical expenses can be shouldered by the insurance policy. Read more

Critical Life Insurance – Understanding Underwriting

Underwriting policies apply to critical life insurance policies, just as they apply to other types of insurance such as life insurance, health insurance and car insurance.  The reason for this is that insurance companied need to be assured of the applicant’s credibility and personality.  More importantly, insurance companies want to keep their risks (i.e. the percentage of claims) as low as possible so that they can make a profit.

Standard underwriting procedures for critical life insurance policies mainly determine two things:  whether or not the applicant is capable of paying his or her premiums and whether the applicant is likely to be critically ill or to make a claim.  Apart from that, basic information about the critical life insurance applicant – say, address, contact number/s, employment records, spending habits, and the like are also discovered through the underwriting process. Read more

Critical Life Insurance – Types of Coverage

Critical life insurance pays a tax-free lump-sum amount to the insured if he or she is diagnosed with a critical illness listed in his or her insurance policy and survives the said illness for a minimum period of 30 days.  The critical illnesses covered depend on the type of coverage availed of by the policy holder. Read more

Critical Life Insurance: What is Critical Life Insurance?

There are many types of insurance packages to choose from, not to mention the thousands of insurance companies that offer the same things – life, accident and disability insurance plans.  The common denominator among these insurance plans is that you (or your benefactors) only benefit once you’re dead or are permanently disabled.

An insurance policy that does something else entirely, however, has now been made available to the public.  This is critical life insurance, also known as critical illness insurance.  As the name suggests, this type of insurance pays a tax-free, lump-sum amount to the insured when he is diagnosed of any one of the critical illnesses covered by the policy. Read more

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