A cruise liner went out of business last September while passengers were mid cruise and so these people were left in Canada and the Bahamas when ships were seized.When a cruise liner goes belly up, not only are passengers out of luck they are also out of money. 1.5 million dollars was the amount of insurance settlements that resulted from this occurrence as recalled by a third party to the insurance brokers. Settlements were not guaranteed when...more
Once you get your life insurance quote, there is just one thing standing between you and the issuance of a life insurance policy. And that thing is life insurance underwriting.What is life insurance underwriting?Life insurance underwriting is the process of evaluating the amount of risk that you present to the insurance company. When a life insurance company looks at you as a potential policyholder, it must decide how risky your life is and how...more
Whole (or permanent) life insurance policies are more than meet the eye. Sure they offer a death benefit that caries through the rest of your life as long as you pay your premium and keep the policy in force, but more than that they offer an additional benefit of premiums accruing into something called cash values. These cash values can grow in a few different ways: 1. They can grow at a fixed rate like in a traditional whole life policy. 2. They can grow at a variable rate by choosing a sub account to invest them in. Sub accounts in a variable policy may have fixed investments like money markets, they may have stocks, bonds or mutual funds. 3. They can grow at a variable rate tracking the returns of a specific index-like the S&P 500 or the Dow Jones Industrial Average.The third kind of growth is seen in an equity indexed life insurance policy. When you have an equity indexed life insurance policy, your cash values grow as they would in a variable policy but the sub account you choose is created to mimic the performance of a particular index. If that index goes up, then your cash value will likely go up. But if the index goes down, then so will your cash value.One of the most...more
There's one sneaking, creeping, crawling, biting, whimpering consideration you have probably not made when looking into your home insurance quote, and that is the impact that your pet might have on your home insurance quote. You see, depending on the type of pet you have, you may find that the price of your home insurance rates are affected by the...more
You might think that once your home is paid off you can drop your home insurance and live a carefree life with no insurance premiums. But just because there are no state requirements to hold home insurance on your house, that doesn't mean that this useful coverage should be ignored after your home is paid off.Your home could endure an insurable...more
There can be times in your life when you need a temporary health insurance option to help you and your family. It may be while you are in between jobs or while you wait for another group policy to begin, but if you no longer have access to COBRA coverage or if you need a less expensive option then a short-term health insurance policy might be a good option for you.When you get health insurance quotes online, short-term health insurance is one type of insurance you can get a quote for. They are usually inexpensive since they cover a very limited period of time and the likelihood of having significant claims occur during this period is low. That means that the insurance company does not take on a great amount of risk when insuring you.The Downside of Short-Term Health InsuranceMuch like catastrophic insurance policies, short-term health insurance policies will not likely count as creditable coverage under HIPAA. This can have a major impact on your future health insurance purchases and can mean that your pre-existing conditions can be excluded for a limited period of time from group policy coverage. It also means that when you have a short-term health insurance policy, you may not...more
The new healthcare reform bill will completely change how health insurance works in the United States by 2014. Here are just a few highlights: * In 2014, not only will most adults be required to carry health insurance but insurance companies will...more
Captive insurance company or insures are basically are subsidiary to a parent company. It is primarily a risk management technique that helps the person for re insurance from their subsidiaries. It is a risk financial tool that helps insurers to...more
If you are trying to select a health insurance option, you may be having some difficulty. There are many different insurance plans to choose from and you want to find the one that best fits your individual needs without spending too much. It is...more
Affordable health insurance is a hot topic all over the world. The medical communities have new technologies and new treatments that could be very effective against disease and injury, but the expense of using these developments may not be covered...more
You're sitting in the car to hear James Taylor on the radio as you wait for the red light to change, if the child looks behind him to the track on his iPod and slams into the back of your car to change. The insurer sends a setting to...more
Though there are many people out there who enjoy riding motorbikes, there are still those who wonder exactly what insurance is for. To put it quite bluntly, insurance is more like an umbrella than anything else! It will keep you protected from the...more