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Posts Tagged ‘Insuring’

Insuring Your Life After Cancer Diagnosis

It is estimated that over 1.4 million of patients are diagnosed with different types of cancer in the US each year, resulting in 560,000 deaths. But in case you manage to survive this risky condition without reclusion you will still have another big problem on your hands – insuring your life. Insuring own life can be quite troublesome for cancer patients, but it doesn’t necessarily mean that it’s impossible. The likelihood of getting a good policy depends on a set of factors such as type of cancer, stage it was treated at and even the treatment plan itself. And there’s a direct relation between the rates you will have to pay and how it is likely for your cancer to be cured. For example, most insurance companies don’t regard skin cancer as a serious illness and having a history of it may even not influence your premiums at all. Those patients who were diagnosed with breast or prostate cancer at treatable stages can still cover their lives, falling under “standard” rating if everything is ok. However, those with leukemia or colon cancer will be classified as “substandard” or “high substandard” (which means higher rates), or even get a denial of services. Patients with metastasized forms of cancer will almost always get a denial. This also applies to those who are still undergoing cancer treatment, regardless of type and stage. How to get cheap life insurance if you have survived cancer? In case you have survived cancer, you have more reasons to purchase life insurance. And here are a few tips on how to make it both easier and more feasible for you: 1. Compile all of your medical records, reports and even prescription labels, especially if they have to do with cancer. Your insurance provider should have all the information on your condition, and will request it sooner all later. Helping your insurer with all the records means that your application process will be faster and you will be regarded as of a less risk. Insurance companies are very suspicious when clients do not wish to provide all the information and will usually charge more for their services. So don’t make such a mistake and cooperate for better life insurance rates. 2. Cooperate with your doctor even if it is a routine check-up after the treatment. Your insurance provider will most likely wait for the results of the check up before signing you up. So the earlier you pay your doctor a visit the better. 3. Get your quotes from various providers and the more the better. Insurance companies have various methods of calculating their risks and if one company classifies you as a very high risk, another one can view you as standard. Use this to your advantage and shop around. 4. If you can get group insurance options from any organization you make part of it will be the best option for you. Group insurance always has better rates and more preferential approach from providers. 5. Think about getting a “graded” policy (providing limited benefits) in case full death benefits are not allowed. Graded policy has special periods. If the insured person dies during such a period due to cancer condition then the policy will pay only a part of the death benefit. If the person dies after the period due to another condition, the policy will pay its entire face value.

About Author
Grace Oaks is a professional journalist who has years of experience in highlighting numerous topics and has worked with site like http://www.yourlifeinsurance.net/post-cancer-insurance-tips.html to bring people all around the world a better understanding of things.

Insuring Your Health For a Short Period of Time

If you have recently graduated from college or moved to live alone or with your partner, you have to clearly understand that your parents’ insurance coverage does not include you anymore. Leaving your current job in search for a better deal also leaves you without coverage. So does being on the new one for a shorter period of time, because some companies will require you to be employed for at least three months to be eligible for group insurance plans. Regardless of what is the situation you are in currently, having no health coverage during the transition period is quite risky and will cost you quite a lot in medical bills if something bad happens. In such a case, you need short-term health coverage, and as you can guess from the name, such a policy implies coverage for a period between one to six months. In some cases, short-term medical coverage can be provided for a period of twelve months. If your insurance needs take more than the specified period of time, you are always free to renew the policy, but don’t expect to find something extended for more than a year in this category of plans. With the majority of short-term plans you will be covered in situations such as accidents and illnesses. As you may guess, having a short-term plan will deliver certain limits in what concerns the benefits, and you will be required to pay a larger deductible and co-payments as well.

On the other hand, you will be free to choose the medical facility and the specialist from where to get assistance with the policy. It will include services like inpatient and outpatient care, hospital room, laboratory exams and X-rays. Physical exams are rarely included in such plans and you are covered right from the moment of your first premium payment. The application process with such insurance plans are usually a lot easier and convenient if compared to long-term health insurance plans. In order to not be too costly, short-term plans usually drop out some benefits you will usually get with typical long-term plans such as treatment of pre-existing conditions, regular medical examinations, optical and dental care, as well as pregnancy and childbirth assistance. Short-term health coverage plans are free from usual portability demands of the Health Insurance Portability and Accountability Act of 1996 (HIPAA). The insurance companies providing such plans aren’t legally required to guarantee that the policies will be renewed, and most carriers won’t do so. They aren’t also required to waive pre-existing medical condition restrictions with the persons who can opt for such waivers.

In any case, even with their limitations, short-term health insurance plans are one of the best options when there’s a gap in regular coverage. The other option being the lack of insurance altogether, and we all know how dangerous and financially devastating that might be when something unpleasant happens. The choice is yours of course, so be wise when making it.

About Author
Find Grace Oaks’s other contributions at http://www.health-insurance-mate.com/insuring-your-health.html where he gladly shares his opinion on many different subjects and helps people around the globe find a better understanding of the things they’re interested in.

Insuring Your Life in Texas

When people choose to insure their life this can be taken as a form of utter care for their loved ones, because such insurance policies protect dependents from loss of income due to the policyholder’s death. This is an effective way to secure mortgage loans, child care, education and other costly services that will be hard to pay for in case the main source of income for the family ceases to exist. Besides, certain types of this insurance allow accumulation of funds on a savings account, which further can be used as an investment tool for different purposes. Many people use this type of insurance as an alternative to retirement plans, but the possibilities are not limited to just that. In order to insure your life in Texas you should first make sure that the company or agent you’re looking forward working with is licensed for operating in the state by the Texas Department of Insurance (TDI). In order to verify that all you need to do is contact TDI customer support either by phone (1-800-252-3439; 463-6515 in Austin) or visit the official website.

After you’ve verified the insurance company you can either contact it directly or work with an insurance agent or broker to help you determine, which insurance policy is most suitable for your insurance needs. Before you sign any contracts or policies with the insurance company, you should be aware of your customer rights, which give you some benefits that might be quite useful in certain situation. Here are your rights as a life insurance buyer in Texas: Prompt benefit payout. The insurance company should process your claim within 15 days upon its filing, and provide you with the result within 45 days or provide explanations if there are any delays. In case of an individual life insurance policy, the company should also pay out an interest on the death benefit provided by the policy. Due premium payment.

In Texas insurance policies, regardless if it’s cheap life insurance or costly continuous coverage, have a 31-day grace period that starts after your premium payment due date, in which you are able to cover the premium without any additional fees. In case the person insured passes away during this period, the person specified in the policy automatically receives the death benefit with subtracted amount of the due premium. Policy lapse. You may renew your policy after it has lapsed within five years according to Texas laws. However, your insurance company has the right to require additional fees as well as current health condition check before providing you again with coverage. Remember that the general rules of buying insurance apply in Texas as well. In order to find a really good policy that will meet your needs for a reasonable price you still have no better option than life insurance quotes. Try to get as many quotes from different companies as you can in order to have a detailed picture of the offer in the local market. But always make sure to check if the company is licensed to operate in Texas before signing any contracts or policies. Be a smart and careful shopper, it always pays off to be one!

About Author
Want to see what Ron Reed has to say on other topics? With years of experience Ron Reed is a constant writer for http://www.mylifeinsuranceplace.com/articles/texas-insurance.html and you can see all his contributions on that site.

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