High Risk Insurance Benefits and Tips

High Risk Insurance Benefits and Tips

Sky diving, rock climbing and vehicle racing are all dangerous activities. If you love doing these types of activities or if your job puts your life in danger or anything of that sort, you need to protect yourself with a high risk life insurance. This type of insurance is also applicable if you have cancer, diabetes, heart disease, or any other health condition that is hard to insure.

Life insurance companies consider the above mentioned circumstances to be of higher risk to insure. If that is the case, they offer term life insurance at a higher price. You need to seek help from a company whose expertise involve high risk and impaired risk situations.

Other insurance companies turn down applicants or customers who have serious illnesses like sleep apnea, diabetes and coronary artery stent. And in such cases, they also offer higher premiums for universal, whole and term life insurance. What you need to do is to seek help accordingly so that you can look for high risk insurance companies that can provide the appropriate benefits and coverage you deserve.

Just like a regular life insurance, you need to survey first and compare potential providers before you choose the best high risk life insurance. When assessing the rates, insurance companies provide mortality tables so that you have something to use in determining the rates. Ordinarily, mortality tables that are based on 30-year-old data are used by insurance companies. Several companies on the other hand use clinical medical underwriting. In this underwriting philosophy, the modern medical advances and lifestyle choices of people with health problems are also taken into considerations.

Read More

Social Security Disability

A percentage of the FICA taxes that you are paying is being used for Social Security Disability Insurance and also for Social Security Retirement and Medicare. Funded using payroll tax, SSDI is a federal insurance program established way back in 1954. The purpose of SSDI is to provide income for those individuals who cannot work because of disability. This means that they are guaranteed to have income until such a time that their condition improves. The SSDI is applicable only until an individual reaches the retirement age which is 65. For individuals 65 years of age and above, they can still receive income this time through the Social Security Retirement Income.

By disability, the Social Security Administration refers only to total disability. There may be other definitions of disability with other employer or private insurance but with the SSA, benefits are not given when partial disability or short-disability is involved. The SSA has set basis on how you can be eligible for a Social Security Disability Insurance. You are eligible for SSDI if you cannot perform the work that you previously do. If you have medical condition(s) that won’t allow you to adjust to other kinds of work, then you are qualified for SSDI. A disability that has lasted for a year entitles you also for SSDI.

Read More

Life Insurance Tips for You

There is a wide variety of life insurance types in the market today so before you take the plunge, you need to have better understanding of what life insurance is really all about.

When you get a life insurance, it means you will have a contract with the insurance company that you choose. You will agree to pay depending on the policy that you prefer and the insurance company in return agrees to pay a certain amount to your beneficiary/s upon your death. There are different purposes of life insurance but most commonly, people get life insurance to provide financial protection to the people they will leave behind in case they die. The three major categories of life insurance are term life insurance, whole life insurance, and universal life insurance. Whatever life insurance you choose, make sure that you go through the right process before buying.

Read More

Blue Cross Short Term Insurance

If currently you don’t have health coverage, the simple, quick and affordable solution would be a temporary health insurance. This is also known as a short term insurance.

The North Carolina Group Health Insurance Plans from Blue Cross and Blue Shield of North Carolina brought established by Jerry Ballard and Associates is the leading provider of group health and life insurance in North Carolina.

If you want to get a dependable health insurance, consider the Blue Cross short term insurance. You are an eligible applicant if you are a resident of North Carolina, are unemployed or a self-employed individual or still in college but not covered by the HMO or PPO region of your parents’ plan. If your school requires you to have insurance but you prefer not to participate in the health insurance plan of your school, you can opt for a Blue Cross Short Term Insurance.

Read More