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Visitor Health Insurance Plans For Visiting Parents

July 12th, 2018 Comments off

It is very important for visitors to the United States to be covered under a health insurance plan. Especially parents who visit the country to meet their children and friends need to be insured as the medical costs in the U.S are very expensive.

There are a number of U.S visitors medical insurance plans available for visiting parents. The Visitor Medical insurance, Visitor Health Insurance and Non-U.S Citizen Insurance come under this category. These insurance plans have been underwritten with great care by famous U.S companies and all claims regarding them can be administered in the U.S. Not only parents but even students, scholars and immigrants can subscribe to these plans online.

Visitor’s health insurance plans have been specifically designed to meet the requirements of visiting parents. They can be utilized in the U.S as well as other countries. Many policies allow the insured to use doctors and hospitals in a US based PPO network, where direct billing may be possible.

U.S residents can avail the insurance company website to purchase a suitable plan for the visiting parents by providing a few details such as age, the maximum coverage needed, the extent of the coverage period required and citizenship, after which, appropriate plans show up on the website from which a preferred plan can be chosen. A few of the many health insurance plans include Inbound USA plan, Immigrant Secure Plan, Atlas America, Patriot America and Visit USA Plan.

Visitor medical insurance plans are designed to cover all expenses due to illness or injury in a foreign country. Parents can choose to purchase these plans either before the travel or during the travel. Purchase options are available from 5 days to three years.

The maximum medical coverage offered under visitor medical insurance plans ranges from $50,000- $100,000. They cover several factors such as doctor’s office fees, prescription drugs, emergency medical evacuation, repatriation of mortal remains, accidental death and dismemberment an as emergency medical expenses (both inpatient hospital and outpatient).

Even though visiting parents maybe healthy and fit, one cannot predict when an injury or illness may strike. Anything from a twisted ankle to a major accident could warrant doctor office visits, prescription medication, diagnostic tests and hospitalization, all of which lead to the bills piling up. A visitors insurance plan can give you peace of mind and safeguard against high medical expenses.

There are a number of visitor medical insurance plans that are suited to the requirements of visiting parents and after going through the details, a choice can be made. Thus it is recommended that every parent who is visiting a foreign country be medically covered in order to have a safe and pleasant trip.

Ray Sondeo often writes about Visitor insurance.

Principal Types of Life Insurance

July 11th, 2018 Comments off

The concepts of life insurance are not new. It is a concept that is practiced worldwide and dates back to many decades ago. It is continuously gaining momentum among people of all walks of life. This is cutting across people who are employed and non-employed, the rich and the poor, and the young and the old alike.  There are two types of life insurance all over the world. These are term and whole life insurance. As they appear, the two types of life insurance may appear straightforward in meaning and description, but that is not the case.

They are further subdivided into other categories. These categories include the conventional whole life, variable and variable general life insurances. It is estimated that approximately 6.4 million personal life insurance covers were term while nearly 7.1 million others were whole life. Personal life insurance covers are so different from the group life insurances in so many aspects. This article focuses its attention of individuals’ life policies.

Term Insurances

These are the most basic types of life insurance policies. The policy is only paid upon the occurrence of death within the term of the cover. The cover is usually extend between a periods of one to 30 years depending on the firm issuing the policy or policy duration taken by the insured. A number of term policies provide fewer benefits. Most often there are none at all.  The term life insurance covers are subdivided into two: – the level and decreasing term.

The first type of cover means there is no alteration to the death benefit throughout the entire duration of the life policy. The latter on the other hand implies that the death benefits decline as the number of years of policy increases. The increments are usually calculated yearly over the period in which the policy is taken. It is estimated that nearly all term life insurance covers in United States in 2003 were purchased to level term.  This figure constituted to about 97 per cent.

Whole life or permanent Insurances

This is the most preferred types of life insurance by many people not only in United States but around the globe as well. It is termed as permanent because the benefits are paid upon death irrespective of the time the death occurs. Permanent life insurance is mainly classified into three. These are conventional whole life, general life and variable general life covers.

There are wide major distinctions between these three types of insurances. Prior to 1970s and 80s, the traditional or conventional life insurance was the only form of insurance available to permanent insurance or whole life insurance policy seeker. General and variable general life insurance which is sometimes referred to as universal and variable universal life insurance was only introduced to the market by insurance firms in 1970s and 1980s.

The death benefit and premium paid under the conventional whole life are designed to remain constant throughout the term of the cover. The cost of obtaining a traditional whole life insurance is linearly related to the age. This implies that, as age increases the cost of obtaining whole life also increases overtime. The reason behind this is to discourage people from purchasing insurance covers when they are old.

It is assumed that as ones age maturity increases, the risk of death occurring also increases and nearly all insurance companies would like to avoid insuring such risks. The high cost of traditional whole life insurance is also used to supplement the level premium which aids to meet the cost of the cover in older individuals.

The law nevertheless stipulates that the higher pay must be reimbursed to the insured or holder of the policy in cash value should he or she opt to terminate the policy. The cash value is not an additional benefit associated with the policy; rather it serves only as an alternative.

Conclusion

If you are considering taking whatever kind of life insurance, ensure that you talk to insurer first to understand the basics and finer details about the cover which is appropriate for you. Despite the fact that the rules governing the insurance are similar, there may be certain slight variation among different types universal life insurance policy companies. It is always good to find out what these variations are and how they can impact on the anticipated policy.

Car Finance Calculator – A Device To Ease The Finance Process

July 9th, 2018 Comments off

Car finance calculator is one of the finest tools that can assist in making a decision on whether you can acquire a loan or not. On the other hand, if you have sufficient funds to buy a spanking new vehicle, then it is perfect to steer clear of the interest linked with the car finance.

Before acquiring any type of loan, be it personal, business or a cheap car loan, it is vital to search for the finest car finance company. And it is very much significant to consider several aspects that can be of assistance to you in choosing it and those are:

  • Firstly, the interest rates that the bank or car finance company will levy on you.
  • What are the costs as well as charges that you have to compensate?
  • If ever you are unable to compensate it earlier or in time, then what would be the consequences?
  • Will there be any concessions if ever you compensate it earlier than the owing dates?
  •  How long will it take to process the car finance?
  • Are you entitled to acquire the loan?

There are lots of queries that we have to answer  before we take any actions in getting the car financed , and a car finance calculator is one of the means to help us answer these issues and come to a decision on whether we should go for it or not. It can help us to work out the expected interest rate that we are supposed to pay, conditional on the cost of the vehicle. It can moreover provide us the expected concessions that we can obtain and can also make a distinction between the savings that we can acquire from acquisition straightforwardly from the store and from the car finance company.

Car finance calculator can help you in staying away from additional charges, as a number of car loans companies include some extra fees or charges that are added to the precise amount of the vehicle that you intend to buy. Examples of these are the charges for registration, insurance, accessories that are incorporated during the time of your acquisition etc.

Auto Insurance — Steps To Big Discounts

July 7th, 2018 Comments off

There are a number of ways to more affordable but adequate car insurance coverage. But at the same time, some methods people adopt in order to cut cost generally result in less than adequate coverage. But in this article, I’ll share several proven tips for paying less and at the same time maintain sufficient coverage….

1. You deserve a considerable discount if a child on your policy doesn’t use the vehicle for a considerable period because he/she is away at school. If this applies to your child in college then do not fail to tell your agent about it. While you’re encouraged to try, you must understand that this is not one of those usual discounts that all insurers give.

2. There are cars that cost far more to insure. So as you check out the exceptional specs of the vehicle you intend to buy, take some time to ask if it costs too much to insure. Two factors that will make you pay more for auto insurance are a vehicle’s crash rating and theft rate.

Furthermore, it will also cost you more if a car costs a lot to fix or maintain. With such diligence you can avoid buying a car that will cost you much in higher premiums over time.

3. You’ll pay lower rates if you elect to pay your premiums annually and not monthly. Although this option is often less stressful, it costs more for some reasons..

Each check that is processed attracts a charge. While annual payment requires a single check and therefore a transaction for a year, monthly payments attrract twelve. This implies that you’ll pay transaction charges 12 times..

There are also administrative costs to your insurer that result just from taking monthly payments. For example, it costs insurers millions of dollars annually to send out payment notices..

The additional administrative cost to your insurer is ultimately paid for by you (that’s apart from their own profit margin for giving you such a “convenient” option).

4. An easy but smart way of lowering your automobile insurance rate is by authorizing an EFT (Electronic Funds Transfer). This process authorizes your bank to credit your insurance provider with your payments without any intervention from you until you advise otherwise. This reduces costs by removing the need for payment notices or checks. Your rate is therefore reduced to reflect the lower cost of giving you insurance.

5. You can save a lot of money in auto insurance if you get and compare auto insurance quotes from quotes sites. You will make savings if you visit only one of such sites. However, you’ll get more by using at least five.

The straightforward logic in this is that you’ll obtain many more auto insurance quotes from a wider range of insurers. This raises your chances of receiving better offers.

To start saving much more click here: Cheep Car Insurance and California Car Insurance Quote. Chimezirim Odimba is an insurance expert.

Cheapest Homeowners’ Insurance Quote — 6 Sure Tips For Greater Savings

June 29th, 2018 Comments off

Are you certain you really want cheaper homeowners’ insurance rates? Then you must commit some time to learn the steps that you’d have to take to reach your goal. I’ve provided enough tips to help most people make savings of over 50% on their homeowners’ insurance policy…

1. Smoke and fire detectors will do much to reduce your home’s fire risk. You’ll get more affordable homeowner insurance rates especially if you’ve installed enough for your size and type of home.

With such detectors fires will be noticed on time and put out more easily before they can do any real damage. And since the risk of fire in a house is a defining factor in working out home insurance rates, you’ll pay far less by taking this step.

2. You’ll pay lower homeowners insurance premiums if you get group home insurance. You can confirm from associations you belong to because they might have obtained group discounts for home insurance.

But before you purchase see if you can get a cheaper home insurance premium with another company than that offered your association. For many reasons you may be better off NOT buying from a particular association’s insurer. There’s stiff competition in the home insurance industry and you can take advantage of this to get lower premiums if you take your time to do extensive shopping and comparisons.

Cheapest Homeowners Insurance Quotes

3. There are fire and security that are monitored round the clock. You will obtain considerable discounts apart from the fact that you will feel more secure that your home is being watched by trusted professionals. Depending on the insurer, this class of systems can help you save between 25% and 30%.

4. Do you have locks on each of your windows? If you don’t you’ll be paying more because of that. Expect to pay far cheaper home owner insurance rates if you’ve windows that have burglary-proof bars If you’re not one of those folks who insist that having such makes them feel imprisoned in their own house, have them fitted if you intend to reduce your home insurance rates considerably.

5. Make the exterior of your home fire-safe and you will lower your home insurance rate. Having things that are very inflammable or that help combustion close to your building will make you pay higher premiums. As easy as it seems, cutting back bushes and maintaining them up to 10 feet from your building will help lower your premiums. This is because how fire-safe a house is goes a long way in affecting what it will cost to insure that home.

6. You can realize savings of hundreds of dollars on your home insurance policy by requesting for insurance quotes from insurance quotes sites. The best strategy is to visit at least five sites and ensuring that you give the same (correct) details. I advise that you visit at least five quotes sites since it will ensure you do not miss out better quotes not carried by the other sites. This offers you a broader basis for doing more extensive comparisons thus increasing your chances of better quotes.

Get more tips at Home owners Insurance Quotes and Cheap Home Contents Insurance. Chimezirim Odimba is an insurance expert.