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11/18/2008
Tuesday morning
This topic is closed off and you will be taken directly to the website.
Topics taken from open source list. I hope you find this useful.
This site is for our clients only as an information resource.
| Note that its often illegal for the doctor to offer you, as an
insured patient, a discount. He cannot waive the copayment, even
if he wants. However, in the past, some hospitals were getting
secret discounts from the insurors, even beyond the official
discounts. Anyone in the insurance industry care to comment on
whether this still occurs? |
| www.insweb.com
chk: Learning Center
or This from www.clarkhoward.com
(certified tightwad)
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Consider your own situation to see if life insurance makes sense for
you, how much you need, and which type of life insurance would be best.
If your family would be unable to make the mortgage payments without
your income, you need life insurance.
??Life insurance is meant to replace your income. My rule of thumb
is to buy an amount equal to six times your annual salary.
??If both spouses work, both should have life insurance to replace
their own income. Dont buy insurance on your children.
??There are two primary types of life insurance. Term life coverage
provides a payment only if you die. Whole life builds a cash value and
serves as a savings vehicle.
??Buy whole life only if you can afford it and can dedicate yourself
to making the premium payments for at least 15 years.
??If you decide to get term life insurance, the best way to buy is
by cal. |
| 3. Concerning the comment about reading the contract, that would
be nice if the insurance company would let you. Unfortunately,
all the important parts are confidential. Im talking about what
theyll actually pay for a specific service. That is, suppose
youre unconscious and go to the doctor. You wake up long enough
to ask his fee, say $200, and remember to ask whats not covered,
say ambulance, emergency room, who knows what. Ok, are these
amount within your policys guidelines? Ask your company, if you
can. Remember that many hospitals ban cell phones. The company
wont tell you. You wont find out until you submit the claim. |
| Insurance - July 14, 2000
Never purchase insurance products as an investment. The only purpose for
insurance is to provide a death benefit - period. So, whats the purpose
of insurance products such as variable life, variable universal life,
whole life and variable annuities? First, sales people are convincing
people that they must carry these products. But there are massive sales
costs, commissions, high ongoing expenses and a big tax bill waiting for
you when it comes time to taking the money out. These products are sold
as a retirement plan, but they are not. Retirement plans are 401ks,
Roth IRAs, SEPs and others. |
| If you still have problems, state attorney generals tend to be one
source of help. Your state department of insurance may also have a
consumer complaint department. |
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