Affordable High Risk Life Insuranc

Guest: Medicare should cover low-dose CT screening for lung cancer – The Seattle Times

 

Guest: Medicare should cover low-dose CT screening for lung cancerThe Seattle TimesLUNG-cancer screening with low-dose CT scans could save up to 18,000 lives annually among those at high risk for the disease. But in late April, … All private health-insurance plans are required by the Affordable Care Act to cover it in 2015. So why …and more »

 

A.M. Best Affirms Torchmark Ratings & Outlook

 

A.M.Best reiterates the investment grade ratings of Torchmark (TMK), keeps stable outlook.

 

 

 

Questions and Answers

 

Life insurance on an ailing parent? How do I take out a policy on my mother?I’m the sole caretaker of my ailing mother, I have no siblings, just a husband, a 4 y/o and a baby on the way. My mother and I have been talking and she needs life insurance. I take care of everything with the household, bills, etc….but I’m kinda unsure what to do about life insurance. Right now I’m about to get power of attorney over everything but I’m inexperienced about the life insurance thing. What are some good companies to go with? What kind do I get? I think she had life insurance when she was working about 5-6 years ago but she has no clue what happened to it..so I’m taking matters into my own hands. Help? She has ALS (Lou Gehrigs).
Actually, I do know for SURE that taking out a policy on a parent is not illegal, you may just be required to prove “insurable interest”. Ok, I hope someone else has something intelligent to say, I really need help.
Posted by MelB

 

adminYour mom is going to have a hard time getting life insurance in her circumstances. Others have already explained how you’d go about getting a high-risk policy (with the expensive premiums and limitations on benefits). “Affordable” life insurance will be virtually impossible for her.The policy your mom had through her employer no longer exists. It would have only been good as long as she was still working at that employer. (Exception being if there was a conversion option, and your mom had been paying premiums since then. Since she “doesn’t know what happened to it,” I’m assuming that means she hasn’t been paying premiums on her own all this time.)
Unfortunately, your mom should have thought of this years ago while she was still healthy (and younger).

 

Hopefully you and your husband learn from your mother’s mistake, and make sure that you purchase life insurance now while you’re still young and healthy. The older you get and/or if you get sick, the more likely you’ll get stuck with higher premiums, limited benefit policies, or not be able to get a policy at all.

 

My husband and I have separate policies in addition to the coverage we get through our employers, so that we know there is still coverage available to us even if/when we leave our current employers. You and your husband should definitely do the same thing…especially since you have young children. If something happened to one of you, the surviving spouse would need the financial assistance to continue providing for your children.

 

Car Insurance for Teenage Boy?I’m looking at cars and wondering what the average car insurance for a 16 year old boy is. I know mustangs and sports cars are higher, but how much higher than a truck. And does insurance go down over time without accidents?
Posted by Reed

 

adminCheap Car Insurance: Factors that Affect Your Car Insurance Rates
When it comes to auto insurance rates, who you are determines what you pay.
Automobile insurance premiums are based on a large number of factors, some of which you can control, and some of which, alas, are incontrovertible facts of life. Statistically, a sixteen-year old boy with a 300 horsepower sports car in a big city is far more likely to hit something than a 35 year-old married guy driving a minivan around the suburbs.While you can’t change your age and some other factors, there are things that you can do to keep insurance premiums as low as possible.
Factors you CAN’T change that impact your auto insurance rates:

 

Your age
Dick Clark and Sophia Loren notwithstanding, aging is unavoidable. And while you may be a mature-looking teen or a youthful octogenarian, the oldest and the youngest drivers are far more likely to have accidents.
Gender
Whether it’s the mothering instinct or fewer NASCAR fantasies, women statistically make safer drivers.
Marital Status
Ok, you can change this, but there have been no reports of people marrying simply to lower their insurance rates.
Factors you CAN change that impact your auto insurance rates

 

Geography
Where you live matters. For instance, those living in rural America are far less likely to have a collision or a stolen car than those living in a city. But, sometimes even just moving across the street can change your rate.
Driving violations
Speeding tickets, running red lights, failure to yield, etc. All count toward your auto insurance rate.
Your vehicle
If you must have that cherry red Corvette or the Ferrari Testarossa, be prepared to pay for it. Your insurance premiums will be higher.
Accident claims
While you can’t change the past, keeping your slate clean and free of accidents will hold you in better stead than lots of fender benders.
Credit rating
That’s right — many insurance companies view having a poor, or even no credit history as suggestive of higher risk.
Occupation
A little easier said than done. Believe it or not, insurers have found correlation between your occupation and risk. Makes sense that the pizza delivery guy could be a higher risk!
Other factors that go into determining premiums:

 

Miles driven per year
Distance to work
Occupation
Years of driving experience
Business use of the vehicle
Whether or not you currently have auto insurance
Theft protection devices (often results in discounts)
Multiple cars and drivers (another opportunity for discounts)
Overwhelmed?
It can be more than a bit confusing when trying to decide the best and most affordable coverage for your vehicle. Like anything else, get good advice and comparison shop. With the Web at your fingers, you have all the information and power to get the best deal.

 

Advice on Insurance policys?What policy’s is best for someone in full time work – single – no kids -No debt.- rented Accommodation – in 30s How would you list these policy’s of being important. There maybe a policy missed out if so please send me some advice..
Private Health Insurance
Income Protection
Life Insurance
Accident, sickness and unemployment
Private Pension
Critical Illness Insurance.
Posted by nightowl955

 

adminFirst, you definitely need health insurance. Having health insurance helps keep you healthy. Second, I would recommend getting whole life insurance to pay for your funeral and final expenses. The cost of funeral and final expenses can run to about 15,000-20,000 USD. A pension and/or annuity for retirement would help you put money away for your retirement. I don’t see a need for income protection or accident/sickness protection, because they are needed if you have dependents. Critical illness insurance, or cancer insurance is not necessary, unless you have a family history, and are concerned about the need down the road.Regarding health insurance: found the following article, thought I’d include the following–
“3 Reasons You Shouldn’t Risk Forgoing Health Insurance

 

Submitted by: susan wells 10/18/2012 9:59 AM

 

Let’s face the facts – if your employer doesn’t sponsor your health insurance, then health insurance coverage, for most of us, is exorbitantly expensive. If you’re relatively young and in good health, you may skip out on health insurance simply because you feel as though you don’t need it. After all, health insurance can cost hundreds if not thousands of dollars a year, and maybe you don’t even use it. You may be thinking, what’s the point? There are several compelling reasons for nonetheless getting yourself insured even if you are. Here are a few:

 

You never know when you’ll be struck by a serious disease or accident.
This is the most important reason that you should you get health insurance NOW. No matter how healthy you are, an accident or serious illness is really only a stone’s throw away. Maybe you’re thinking that you haven’t had problems so far, so what’s the point? Recently, The New York Times published a wonderful op-ed that shows what can happen if you forgo health insurance just because you’ve never been sick before and don’t think you need it. Even minor and treatable accidents or illnesses can result in thousands of dollars in hospital and medical bills, which can threaten to ruin you financially.

 

It’s more affordable than you think it is.
I know I mentioned earlier that health insurance is exorbitantly expensive. Of course, it can be quite pricey, but it doesn’t have to be, especially if you are healthy. The best way to get affordable insurance is to do some research. Buy an individual plan with a high deductible to make your monthly premiums cheaper. The Wall Street Journal offers some excellent tips on buying affordable insurance as an individual.

 

It’s the responsible thing to do.
Last but not least, buying health insurance is the responsible thing to do. Not only will it protect your immediate family from devastating financial loss in the event that you get very sick, but think about it for a second. If you do get sick and do not have the money to pay for your bills, health insurance premiums go up for everyone else. Of course, it won’t be you individually who causes these hikes in health insurance, but when those who are uninsured and become very sick, it all adds up. As Dr. Cecil Wilson notes in a KevinMD.com op-ed:
“This resulting cost shift is known as the “hidden health tax,” and it is estimated to add about $1,000 a year to the cost of every American family’s health coverage. These are staggering costs, and they are not sustainable.”

 

Do the right thing, the wise thing, and get health insurance. The longer you wait, the greater the risk you’re taking. And it’s not just you who’s taking the risk. You’re taking it for everyone else as well. Good luck!

 

Susan Wells is a freelance writer and former insurance agent. Check out more of her advice on buying health, auto, and home insurance at www.insurancequotes.org.”