Life Insurance For Chewing Tobacco

posted by beaconboy @ 2:12pm, Thursday 10 April 2014.

Most clients will assume there are no life insurance options for those individual who chew tobacco. It has been drilled into society's heads that tobacco is a personal choice that cannot be benefited from insurance of any kind. This is not true as there are quality insurance providers who insure clients for chewing tobacco life insurance. Let's take a look at how chewing tobacco works with insurance companies that allow it.

Dependent Upon Frequency of Usage

There are a range of factors that come into consideration when trying to figure out whether a client is eligible or not for insurance. The first question asked revolves around the frequency of how often tobacco is being chewed. If it is infrequent and done on occasion, the chances of acquiring insurance are high.

The Risk Assessment

The insurance provider will go through a list of assessments to ensure the risk is not too high. There are a series of factors that are looked at before an individual is approved.

These factors include things such as age, previous health concerns, height, weight, use of tobacco, and family's health history.

Hiding Tobacco Use

Acquiring insurance is not possible, if one aims to conceal certain information related to tobacco usage. A medical test will be completed include a blood and urine test to ensure the usage is noted down prior to any agreement being signed.

Getting Lower Rates

Want to pay less and still have insurance coverage? One of the ways to reduce the rate that is being paid comes through quitting tobacco. The client has to have stopped using tobacco for at least a year prior to having their case assessed again to have the rates lowered.

There are many companies out there who are willing to remain lenient with their clients and ensure the perfect rate is found for both parties.

Why Do New York Seniors Need Medigap Insurance Policy

posted by beaconboy @ 3:21pm, Monday 24 March 2014.

Aging persons fall ill very often and need specialized care every day.  Some will even have to undergo a series of surgeries during their old age, and this requires adequate financing if the old man or woman is to undergo all these.  Luckily enough, Medicare insurance steps in and helps handle 80% of all these medical costs, which makes it easier to handle hospitalization and other medical bills.

Although NY Medicare insurance may be such a life saver, the reality that one has to pay remaining 20 percent of the medical expenses is frightening.   Although 20% may seem like an insignificant amount, it is not considering seniors fall ill often and some of the surgery procedures needed are expensive for someone who is living on his or her pension plan.

The 20% is burdening for family members who strive to pay these medical bills for their parents. It is at this point where Medigap comes in handy. Medigap is a supplemental insurance plan that covers all what is not covered in Medicare insurance plan.

The Medicare supplement plans New York has to offer are easily affordable and its premiums are paid in fixed amounts depending on the insurance provider.  This may seem like an extra expense for some people though it isnít in actual sense. Take an example where your old man has to undergo a major surgery that is expensive, and the 20% you are required to factor in is too expensive. Medigap will take care of this expense as if it was nothing, hence leveraging what you have been paying in premiums.  

Medigap comes with additional benefits too, as there are no geographical restrictions on the cover. Seniors enjoy emergency medical cover even in foreign countries, meaning they do not have to spend much on medication while abroad.

Many insurance providers offer this package, but it would be advisable if you talked to the insurance broker to help you choose adequate cover based on your budget and medical conditions too.

Understanding Personal Finance

posted by beaconboy @ 3:53pm, Thursday 13 February 2014.

The term personal finance can encompass anything to to with an individual's financial dealings, budget, income, expenses, investments, insurance and assets.

It should be also emphasized that a plan should be in place for each individual or family that dictates how they react to financial situations. People make the mistake of overlooking their personal finances in that they don't realize that they are dealing with a dynamic, ongoing process that will affect their lives.

If personal finance is tamed and under control, the resulting experience can be a satisfying and profitable one. If, however, it gets out of control, it can become a lifetime of frustration and mayhem, which will own the person and create a devastating experience which will create endless confusion and frustration.

The first step that anyone should take is to make a budget. This is not hard to do, it just takes some time. Take out your check book and go back three months and make a list of all of your expenses. List the names each company or person that you pay money to each month, and then add all the totals, and those are your expenses each month.

You should set up a tax account, to set aside all of the taxes that you will owe at the end of the year. Even if you have taxes taken out of your paycheck, figure it out. You may still owe some local taxes, but if not, good.

Now list all of your sources of income, and compare the two. If your expenses are more than your income, you need to cut some expenses, or find some extra income, or both.

Keep track of this each month. Starting out, you might want to do this on a weekly basis.

Set up so much per month to put into savings, and do this religiously. If you work with this, and pay attention to it, it will set you up for the rest of your life, because not you are controlling  your personal finances, instead of your personal finances controlling you.

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