Insurance to Protect your Life

There are a few kinds of health insurance available:

o Hospital and Surgical Insurance

o Hospital Cash Benefit

o Critical Illness

o Long Term Care Insurance

o Disability Income Insurance

Hospital and Surgical Insurance is most immediate, urgent and a must plan for everybody.

Illness and accident can occur to anybody any time, anywhere. So when it is so serious that hospitalization and/or surgery is required, there will be a substantial sum of money incurred. And it is a NECESSITY to get us well and up again so that we can continue to lead our normal life, be it be continue to work, take care of family or to study.

If we buy any shield plan to cover the hospitalization needs, the premium can be paid from your own or family member’s Medisave. With an additional small sum of premium, there are now a few private shield plans that covers the full hospital bills for both the government/restructure and private hospital. Even if you are financially stable and cash-rich, you may not want the hospitalization to wipe out your savings for business expansion, your child’s education, your holiday plan or even your retirement! It is a small sum of premium to pay to enjoy such a great assurance just in case… Touch wood, but disaster or accident always strikes when you least expect it.

There are currently two insurers that offer total coverage (i.e. as charged) from first dollars, NTUC Income and Prudential. You may check out their websites for the premium and coverage. Note also that even if the medical procedure/operation is covered by the insurance, pre-hospitalization deposit may still be required when admitting to hospital unless a Letter of Guarantee is provided for by the insurer.

Hospital Cash Benefit is a benefit plan whereby the insurer will pay you regardless the number of policies you have and the actual expenditure you incurred in hospital. It can be used to offset the lost of income and personal expenses while in hospital. t pays a fixed sum of money per day, up to 365 days.

Critical Illness varies among insurers but it usually includes heart attack, cancers, stroke, kidney failure, paralysis, major organ transplant etc. It is important to all ages because we will need the money to buy essential medicine, tonics to improve our health once out of hospital. There may be a need to even employ maid to take care of our everyday livings and/or essential aids to help in our daily livings. All this cost money and we do not want to impose financial burden to our family. Critical illness insurance is about getting ourselves well again from the insurer’s payout.

Long Term Care Insurance is designed to meet the cost of care of a person who is physically impaired that he needs help from others to perform the most basic activities of daily living. The activities of daily living include washing/bathing, dressing, feeding, toileting, mobility and transferring. Some insurer will start the payout if the insured cannot perform any 3 of the activities. Eldershield is the long term care insurance offered by the Singapore Government from age 40.

Disability Income Insurance provides a personal income replacement if the insured is unable to work in the current job. The amount is payable monthly and it is up to a certain percentage (usually 75%) of the salary drawn. The insured has to be disabled for 3-6 months before the insurer will commence the payment of benefits to the insured till he recovers or till a certain age, say 65 years old. This insurance is important to the sole breadwinner who brings beacon to the family.

So you are looking for a convenient way to apply for life insurance, you enter keyword online life insurance into a search engine and behold, you are offered an endless amount of options. Most people seem to select the cheapest option or what appears to be the option which should give the fastest answer. Either way, it really ends up being a fortunate or unfortunate move. Rarely is it an educated decision. Most likely, it is a hurried decision.

If you are fortunate to have made the right move and received great results from your online insurance application, good. If, as most people usually realize, more questions should have been asked before applying for online for life insurance, it may not be too late. I know that, for some, speaking to an advisory conjure up some terrible thoughts of being pushed into buying something they do not need. That does not have to be the case. Particularity, if you stick to your needs and speak to at least three advisors before getting into any life insurance let alone online life insurance plans. As a matter of fact, when you speak to an advisor, make sure to tell him or her that you are also speaking to other advisors. Even if your need is time sensitive, requesting information and quotes for online life insurance from at least three different people, will be well worth it.

What happens if you really only have one day or two days to decide (as could happen in an SBA Loan situation) and you have no time to speak to anyone. There are at present at least two companies that offer true online quotes and application (which we cannot name because of regulations). You should be able to easily find these insurance companies by entering keyword “Online Life Insurance Quotes” or “online life insurance application”. Get quotes from these two companies, read the fine prints (they can be really fine so you may want to expend them on your screen). Look at the application for each company (by starting the application process for both). Then decide, which plan best meets your needs and looks more promising on approval. By promising, we mean which plan is more likely to give you a final rate that matches closely the original online quote.

If you have at least three days, we recommend that you do speak to advisors and listen carefully to what they tell you about your case. Ask them about insurance company ratings, the underwriting process, whether medical records will be ordered (not recommended for no exam life insurance plans), your likeliness of getting rates quoted, how long has the insurance company been offering no exam required life insurance and/or online life insurance and more.

Irregardless of which plan you select, always make sure to read your new policy when it arrives. Or give it to your beneficiaries to read. After all, they are the one who will benefit from its pay out. And,as we always say in all of our articles, ask, ask and ask even more questions. Be well.

Florida state health insurance is the best solution for people who are denied sufficient insurance coverage due to their medial conditions. This is an affordable health insurance plan initiated by the Florida Legislature. The flexibility of state health insurance is far superior to the normal choices like individual health insurances and group health insurances. Most programs in Florida state health insurance provide coverage at affordable rates that can well fit the budgets of all qualifying Floridian families.

For people who have low income, Florida state health insurance has the Medicaid program that they could possible qualify for. Your local Division of Family Services office will provide the necessary information and the prescribed application form. Interesting thing here is the number of people who would actually qualify for this service but most people think they would not. The program requires filling out an application and providing some documentation about your finances. The policy issued by this program covers medical expenses of the entire family, including dental work, eye care, doctor visits, emergency care, and prescription drugs.

For people with children who do not get coverage through their employment, Florida state health insurance has programs to insure the health of children. One of the programs is the Florida Healthy Kids Corporation (FHKC), which provides private sector health care coverage to uninsured children in 24 counties using school districts as large risk pools. Child plans cover a full range of services from regular check-ups, preventive care, immunization, lab tests, to hospital visits and other related expenses. Besides, the State of Florida extends Medicaid coverage to children aged between 15 and 19 with family incomes up to 100% of the federal poverty level (“”Waxman Children”").

Florida state health insurance plan is also open to “federally eligible individuals” as defined by the Health Insurance Portability and Accountability Act 1996 (HIPPA). The act protects health insurance coverage for you and your family when you change or lose your job.

Florida state health insurance policies have been designed to give relief to families who do not qualify for highly rated health insurance programs nor have the ability to pay the expensive installments of private insurance.