Sunday, July 19, 2009

What is the best health insurance and life insurance policies to go with?

What is the best health insurance and life insurance policies to go with? I am recently out of the military and need to purchase an individual health ins policy. However, I am not sure which ones are the best. I am a student, do they offer any good student policies? Also, is the SGLI to VGLI conversion a good change to make? If not, which is better term or whole life insurance policies?


Best Answer - Chosen by Asker

You can compare the quotes of various company here:

For Life Insurance :

For Health Insurance

Hope this help

What is the most affordable life insurance and health insurance?

What is the most affordable life insurance and health insurance? Where can I find Affordable Health and life insurance for me and my wife? What is the best web site with online quote? Any answer will be appreciated.


You may want to try a website that compares multiple companies at once to get you the best price. I am paying less than ½ after I did.

Take care,

Saturday, July 4, 2009

The advantage to buy life insurance

Hi, this is my true story about my life.

A few months ago, my good friend and I
go to school. He is a teacher, and he did started his story
about his school.

Suddenly, on the road I saw a lot of people stand so
my friend stof the car.

I saw that one body beside the car and the
car involved in an accident.

I try to help but, i can't because the paramedics arrived.

So I just see and see what happened.

I heard that, the driver is drive on the wrong way so he involved
in that accident.

So I hope that driver bought an life insurance because
I feel he can't continue his life. But I hope he can alive.
That is the the God job.

Friday, June 19, 2009

Can someone please help me understand coinsurance on health insurance plans?

health insurance plans?

Can someone please help me understand coinsurance on health insurance plans?

I am trying to get a better deal on health care insurance but don't understand the point of 80% coinsurance. If it is only a few bucks higher with the same deductible, isn't it better to go for the 100% coverage? Does it mean that the insurance co will pay only 80% of the bill once the deductible is met? I don't understand. Please help!

Best Answer - Chosen by Voters

Someone's offering you a plan with 100% coverage, for hospitalizations, for only a couple bucks more? Sure, it makes more sence to pay a couple bucks.

Yes, that deductible means, they pay NOTHING until after you've paid the full deductible amount, in medical claims. AFTER the deductible, then you STILL pay 20%, if you've got an 80/20 plan.


Basically insurance will pay 80% of their contracted amount with the provider and you pay 20%. Here is an example:

$300.00 deductible (this typically applies before any benefits)
Once your deductible is met this is what will happen:
Doctor charges $150.00. Insurance discounts it to $80.00. They pay 80% of that $80.00, so that is $64.00. You will be liable for the balance of $16.00 (20%).

If your policy pays 100%, everything will go to your deductible first and then the insurance will pay 100% of the allowed amount and you pay 0%.
Keep in mind you must follow their network to get the discounted amounts.


work for insurance company


The coinsurance on health plans is the % that you pay of your medical bill until you reach your MAXIMUM OUT OF POCKET amount, which for example on an Anthem Bluecross PPO plan typically would be $2500. Lets say your deductible is $500, which means you pay 100% up to $500, and thereafter you pay your % portion up till you reach the max out of pocket. After the max out of pocket has been reached, your insurance will pick up 100% of the bill.
Note that this is during 1 year, so every year it starts over.;_ylt=Ah6I21UjodJmZnyKQH9iifCuxQt.;_ylv=3?qid=20090611133555AA71S7H

What is the difference between liability and full-coverege insurance?

What is the difference between liability and full-coverege insurance?

What does liability cover and what does full converage cover?

Best Answer - Chosen by Voters

Liability means, you have at least the bare minimum coverage required by law, in your state. You could have more, but you have at least, the absolute minimum.

Full coverage means, you have at least the bare minimum, plus collision, plus comprehensive. It does NOT mean you are fully covered. It does NOT mean you have rental coverage, or lost wages, or medical, or any other coverage, which is OPTIONAL, in your state. You might have it, you might not.

If you buy a car, and have a loan on it, you might be required to carry "full coverage". BUT, that might not be enough coverage for your situation.


Liability covers damage you do to other people or their property...when it's your fault. "Full Coverage" is liability plus coverage for your vehicle, this includes collision coverage and coverage for theft, hail, fire, vandalism...etc.

The term full coverage usually includes Personal Injury Protection which covers a small amount of medical expenses for people in your matter who was at fault. It also usually includes Uninsured Motorist coverage...which I highly recommend you buy....1 in three drivers on the road in Texas are driving without insurance.

Tuesday, June 16, 2009

Analyze Your Need For Life Insurance

My kids? What did you needs from me? Yes.. Insurance.

One approach to determine how much life insurance one should carry is to analyze the various needs of the family in the event of the death of a wage earner. Life insurance satisfies a number of these needs by providing a fund that can be used to:

  • Pay off an individual’s last debts such as medical bills and funeral expenses
  • Meet estate taxes and other expenses in settling an estate
  • Provide life income for the spouse
  • Pay off a mortgage
  • Pay for the children’s education
  • Provide funds for retirement
  • Provide an income for the policyholder’s spouse to give the family time to readjust to a new standard of living
  • Draw interest to provide funds for some special purpose
  • Provide a monthly income until the children are grown and out of school

The Purpose Of Life Insurance

My dreams HOUSE

The Purpose Of Life Insurance

Your need for life insurance will vary with your age and responsibilities. The amount of insurance you buy should depend on the standard of living you wish to assure your dependents. You should consider the amount of assets and sources of income available to your dependents when you pass away.

Social security benefits, available cash and other sources of income and investments may not provide the standard of living you have in mind.

Life insurance helps bridge the gap between the financial needs of your dependents and the amount available from other sources, is the amount to be provided by life insurance. Your agent or other financial advisor can help you with these calculations. The Internet, as well as many financial magazines, books and articles are available to help you as well.