Monday, July 27, 2009

Cancer Insurance Plans

Specialized cancer insurance plans pay for portions of treatment that major medical insurance does not

Since the percentage of Americans who will someday be diagnosed with a form of cancer continues to rise each year, the potential for financial disaster can only rise right alongside it.

A properly structured cancer insurance policy can be a true life-saver for those people diagnosed suddenly and for those people without enough cash or credit to cover the portion of treatment expenses not paid by major medical insurance policies.

What Is Managed Care Health Insurance?

The managed care system is intended to reduce wasteful spending while ensuring proper care

Managed care health insurance is designed to reduce the amount of time wasted on frivolous issues, and the unnecessary expenditures by insurance companies to physicians treating hypochondriacs.

Insurance companies have created their own internal networks of physicians who have agreed to provide services to covered members at an acceptable rate. By participating in such a network, a provider gains significantly more exposure to potential new patients than if she chooses to work outside the insurance network.

Sunday, July 26, 2009

Definition of PPO Health Insurance

A PPO is another type of managed health insurance plan, similar to an HMO but with more flexible benefits

Many Americans covered by private medical insurance are members of managed care networks. There are two basic types of managed care plans: HMOs and PPOs.

However, most people are under-informed about the differences between these two types of insurance plans, causing them to choose a plan that is not their best option.

Becoming familiar with the features of a managed care insurance will allow for better decisions and more efficient use of time and money.

Wednesday, July 22, 2009

What Is Life Insurance Cash Surrender Value?

Your policy's cash value is not the same as its surrender value

One of the most important features of permanent life insurance is its cash value. Many people who purchase permanent life insurance are unaware of the cash value, partly because it is slow to grow into a substantial amount.

However, in some cases, cash values that accumulates is large enough to use as additional leverage for more advanced purposes. Unfortunately, the general public is grossly under-informed as to the potential consequences of mishandling this money.

Explanation of Disability Insurance

Disability insurance pays while you recover from a serious injury

Perhaps one of the most overlooked and undersold types of insurance is disability insurance. Most people do not realize that their likelihood of sustaining a substantial injury is high. The average length of time an adult is unable to work due to a disability is 3 to 5 months.

Unfortunately, the number of Americans living paycheck to paycheck is growing at an ever-increasing rate, and these people are most susceptible to the severe negative impact of an injury.

This issue is even more relevant in the case of injuries that occur outside the workplace (due to the absence of worker’s compensation coverage).

Thursday, July 16, 2009

How to Compare Medical Insurance Plans

Know the differences between health plans to avoid confusion and delays

In the United States, most health insurance plans are one of two types: HMOs or PPOs. These are often called “managed care” plans.

When evaluating plans offered by your employer, or when searching for an individual health insurance plan, it is essential that you understand the differences between these two types of programs. Understanding the plan’s features and choosing the right one for your situation will ensure you receive faster service without the headaches that come from a misunderstanding of your benefits.

Wednesday, July 15, 2009

How to Get Guaranteed Acceptance Life Insurance

It's possible to get life insurance even if you're sick, dying, or simply afraid of doctors

For many people, getting life insurance is a difficult and daunting task. Because life insurance companies are extremely analytical and very concerned with their potential financial risk, people with serious medical conditions are often forced to pay significantly higher premiums than their healthier peers, if they are even approved for coverage at all.

This fact has led many people to seek out alternatives to traditionally underwritten life insurance, namely guaranteed acceptance life insurance (GALI). Dozens of companies exist whose sole business is providing life insurance to those individuals who cannot obtain it through traditional means.

These companies make it much easier to purchase life insurance because they do not ask many medical questions, and there is never a physical medical exam required.

How to Make Money Selling Life Insurance

Becoming a life insurance agent can be a very lucrative career choice. There is an endless need for life insurance, and commissions from the sale of insurance policies are extremely generous. Additionally, the insurance industry is one of only a small handful that continues to pay salespeople long after the initial transaction. Successful life insurance agents have no limit to their income, and can earn a substantial amount of residual income once a client base is established.

How to Sell Life Insurance Over the Phone

Selling life insurance is extremely difficult for the large majority of agents. The biggest challenge faced by most agents is a lack of new prospects. Prospecting is the most important aspect of an insurance agent’s success, and finding the most efficient and economical method of getting in touch with potential new clients is essential. Considering all the different types of prospecting and their cost versus benefit ratios, telemarketing is still the most cost-efficient means of obtaining new customers.

How to Get Life Insurance at Age 40 With No Health Questions

Article originally published on Ehow Money

View original HERE

Help With Financial Planning

Not all financial planners are the same

If you're considering using the services of a professional financial adviser, you should be familiar with the basic steps of the financial planning process and know how to evaluate an industry professional to determine if his services are appropriate for you.

By recognizing the methodology used by financial professionals, you will be better able to evaluate your adviser’s performance or more easily select a new representative.

Business Health Insurance Requirements

If you're a small business owner, you need to know what qualifies as a "group"

Source: StockMonkeys
There are many misconceptions regarding what qualifies as a “group” with regard to health insurance. Companies that would technically be able to apply for group benefits fail to do so simply because they are under the mistaken impression that their business is ineligible. Conversely, many companies apply for group health insurance plans and are denied coverage because they fail to meet the minimum requirements set by the carriers.

Friday, July 10, 2009

How Much Does an Insurance Agent Make?

Anyone considering a career as an insurance agent or broker should be extremely cautious and take the time to evaluate the pros and cons of the job. It takes a great deal of time and effort to earn realistic pay as an insurance producer, and only a small percentage of people who begin actually stay the course.