Reasons Your Auto Insurance Rates May Be Affected:

•The number of accident thefts.
•The cost to settle accident claims.
•The amount of car thefts.
•Estimates of the number of uninsured drivers.

Of course, individual drivers within an area will pay different rates depending upon other circumstances like their age, personal driving history, and even the type of car on the policy. But given identical drivers, rates in a small town in Iowa will probably be lower than those in New York City or Los Angeles.

Indemnity Dental Insurance Plans – They are NOT Dental Discount Plans

Also included with discount dental plans, these are not dental insurance, but can provide you with the freedom to visit any dentists at considerable discounts over their standard charge, though they are seemingly rare, but the indemnity dental insurance plans are also available to provide freedom to choose the dentist from your choice on a higher out of pocket expenditure.  The lack of benefits has rendered traditional indemnity dental insurance little more than two inexpensive continuing care visits, consisting of an examination, prophylaxis (cleaning) and radiographs (X-rays) per year and help with minor restorative treatment, such as a few direct restorations (fillings).

Life settlements are controversial, but can still benefit some retirees who may be struggling financially. When the economy improves, the market for policies may improve, so if possible, it may be better to wait.

Has this helped? Please let us know. In addition consider using our FREE QuoteClix.com quote service to find a cheaper car insurance policy. Insurance rates keep going up and we have contacted insurance companies in all 50 states to help find the best price for your car insurance.

Apparently third party purchasers depended upon credit in order to finance life settlements, and as credit got tight, sales declined by 20%. Meanwhile, the S&P 500 stock market index has declined by almost 40%. Many retirees depended upon market investments for income, so now the life settlement market has more sellers than buyers, and buyers are pickier about which policies they will purchase.

In the past, a healthy 65 year old could sell a large policy, even though the purchaser would not expect to collect the death benefit for 15 to 20 years. But morbid as it is to consider, polices from older people with shorter life expectancies will be more profitable for the buyers.

Life expectancies affect the life settlement market as much as the economy does. Many underwriters have increased their life expectancy calculations over the last few years, which means that possible purchasers may be even less likely to offer a settlement to younger retirees.

People can sell their life insurance policies to a third party for less than the face value of the policy. The third party hopes to profit by collecting the proceeds when the covered person passes away. Typical sellers are retired people who decide the cash settlement will be more useful now, while they live, than it will be to their heirs when they pass away.

For example, a policy owner could have a million dollar whole life insurance policy. Assume the policy has a cash value of $100,000. A third party may offer half a million dollars to buy the policy.

Of course, that amount is considerably more than the amount the covered person could cash his or her policy into the insurance company for. But it is still less than the third party would collect upon the policy owner’s death. In addition, the purchaser would continue to pay the premiums. If the policy owner can use the money for retirement expenses, and also be relieved of paying a premium every month, this may be a reasonable transaction.

Dr. Andrew Cubria may not have won an award for one of the largest fraudsters, but he was one of the cruelest. This cardiologist made a living by performing invasive, painful, and dangerous heart surgery on perfectly healthy people. He paid recruiters to visit homeless shelters and public housing to find indigents, seniors, and drug addicts. These vulnerable people were paid cash to show up at his clinic to submit to a battery to tests, and finally, invasive heart procedures.

In fact, he performed 750 operations on healthy people, and 2 of his “patients” died. He worked at Chicago’s Edgewater Medical Center, and federal prosecutors did not believe he worked alone. All of these illegal, unnecessary, and dangerous procedures were performed to defraud health insurance companies and public health services of millions of dollars.

This is one of the most misunderstood aspects of life insurance and a constant source of animosity and suspicion between consumers and life insurance companies. Consumers think that insurance companies are out to get them, steal their hard earned money for years and then deny their claims over a technicality when the time comes. This is one of those areas where the life insurance industry has failed to educate consumers on the denial process and the misunderstandings that have resulted have come back to hurt their image. In honor of open communication, let me try to take a step towards setting the record straight.

First of all, let’s establish what claims a life insurance company can and can’t deny. Most state laws prevent insurance companies from denying a claim two years after the policy has been enforce. The only exception to this is if the beneficiary is convicted for intentionally killing the insured and even then the benefits are usually still paid but just to someone else. Within that two year period the life insurance company can deny your claim if you misrepresented anything in the application or underwriting process or if you commit suicide. If you die from a pre-existing condition that they didn’t ask about, that you didn’t know about or that had never been diagnosed, then the insurance company will still pay.

Another check and balance in the claims process is that each state in the United States has a department of insurance that is there to enforce the laws of that state. These departments of insurance work for the residents of the state and they are there to protect your rights. If there was an evil company out there unfairly denying your benefits, then all you have to do is file a complaint with your department of insurance and they can arbitrate between you and the insurance company to make sure they are upholding the laws of the state and treating you fairly.

So the key to take away from all of this, is to just be honest. If you are honest and forthcoming during the life insurance application process, then you have nothing to worry about. If there is any doubt on an application, then I would recommend erring on the side of more information is better. For example, if they asked if you have used a nicotine product in the past 12 months and you smoked one cigar when you were at a poker party, then I would recommend saying “yes” and then explaining that you don’t generally smoke, but you had one cigar at a poker party. Most companies will still treat you as a nonsmoker and you also don’t worry about your claim getting denied because you lied about smoking.

Has this helped? Please let us know. In addition consider using our FREE QuoteClix.com quote service to find a cheaper life insurance policy. Insurance rates keep going up and we have contacted insurance companies in all 50 states to help find the best price for your life  insurance.

Feature of an Indemnity Dental Insurance – 100% Preventive Care Options

There are several features of indemnity dental insurance plans for individuals that make these plans different from many other types of dental coverage: Insurance providers will pay up to 100% of preventative dental care.  Although they are becoming increasingly rare, indemnity dental insurance plans are also still available and provide the freedom to choose the dentist of your choice at a higher out-of-pocket expense.  In indemnity dental insurance plans, the insured has to pay all the costs for services directly and then submit a claim for reimbursement once a deductible has been met.

As technology continues to improve, the concept of a buying life insurance on the Internet is constantly evolving. Five years ago your buying choices on the Internet were pretty much limited to applying with quote sites that essentially acted as your online independent agent and gave you a list of premium rates. There was always the argument that if you knew what product you needed and you didn’t want to mess with an agent buy online, but if you weren’t sure what you needed, then go to a local agent and let them provide that extra level of service.

The lines have now blurred. Now many of the insurance companies themselves are selling their products directly online to consumers and many agents have gone online themselves. Both have added some of the convenience factors that were normally reserved to the online quote sites. Now many of the quote sites have added extensive educational resources to their websites and have added new dimensions of customer service to offer a little more than just a few emails and an envelope in your mailbox.

The one thing I will say is that if you have a special health condition (e.g. bipolar, high risk profession), then you are still better off finding a local independent agent that is familiar with the underwriting guidelines of the different companies and can find you the best policy. Agents that are connected within the industry can make contact with insurance companies and find out what kind of rate they will offer you given your special health condition and avoid the hassle of you going through the full application process with a number of companies to find out where you can find the best rate. That said if you don’t have a quality independent agent in your area, then more and more of the best agents are setting up shop online and offering their services to more than just one area.

Has this helped? Please let us know. In addition consider using our FREE QuoteClix.com quote service to find a cheaper life insurance policy. Insurance rates keep going up and we have contacted insurance companies in all 50 states to help find the best price for your life insurance.