Universal Life Insurance

Universal Life Insurance

Universal life insurance is a flexible type of permanent life insurance, allowing you to make adjustments to the amount of your premium or death benefit at any time. A universal life insurance policy provides lifelong coverage and accumulates tax-deferred cash value over time. BENEFITS OF UNIVERSAL LIFE INSURANCE
The main benefit of universal life insurance is its flexibility. With a universal policy, you make decisions about the coverage you need, and can adjust the death benefit and change the cost of your premiums.
Flexible Premium Costs
Throughout your life, your circumstances will change. Generally during the income producing years, your financial ability is greater than during your retirement years. A universal life insurance policy allows you to make adjustments to the premiums as your life situation dictates – increase, decrease or choose to skip some premium payments. Similarly, you may elect to increase the death benefit or decrease it, depending on your needs. Many prefer this type of control over their policy, as opposed to the steady premium amount and set death benefit that represents a typicalwhole life policy.

Group Health Insurance

Most Americans get their Health Insurance through their jobs or through their family member’s employer. For the most part, Group Health Insurance is considered a better choice than Individual Health Insurance, since it normally costs less and offers more benefits to its carriers. You can have quite a significant discount on premiums and enjoy comprehensive policies being a part of a group health plan. The employer pays part or all of the insurance costs. Group Health Insurance coverage is purchased by an employer and offered to eligible employees of the company and often to their family members (their dependents). An “eligible employee” is the one who works on a permanent basis having a 30-hour work week. Employers are not mandated to provide health insurance for their employees, however most businesses offer insurance to their workers due to their wise business practice and rules of contemporary market. Most employers realize the importance of attracting and retaining their best employees as it predetermines the success in business.
Group Health Insurance helps employees manage their health care expenses, such as regular medical exams, preventative care and prescriptions, and also lessen the costs associated with some serious illness or injury.
Some employers provide their workers only with one health insurance plan while some offer a choice of Group Health Insurance options, the most common of which are:

Freight Insurance

If your business involves importing or exporting goods or even depends upon shipping items that need to arrive on time and undamaged, Freight Insurance is a necessity for you. You need to ensure that whatever happens on the way, you are covered. Freight Insurance will provide essential financial security and protect your business.

Both importers and exporters tend to face certain risks when they ship goods. In case of an accident they will lose considerable sums of money. Freight Insurance protects their shipment against loss, damage, or theft. It will compensate businesses or individuals whose shipment suffered damage or loss during transit at sea, land or air. In other words, Freight Insurance is an integral part of contemporary shipping environment.

About Car Insurance

The importance of Car Insurance is not overestimated. Let’s face it: owning and operating a car requires a great amount of responsibility and – Auto Insurance. You can’t drive a car without a valid Auto Insurance policy, and if you are found driving without one, you will be severely fined or even sentenced to jail. Drivers tend to grumble about their Car Insurance monthly at policy renewal times and the only time they speak about their Auto Insurance more kindly is when filing an Auto Insurance claim if they get in an accident.

Most of us do not question the necessity of being covered by Auto Insurance. The statistics and common sense prompt us to be careful and forward-thinking. In the United States, within a five-year period over 25 percent of all car drivers somehow got involved in car accidents. Car crashes-related expenses of Americans amount to over $720 million annually. Every 13 minutes one person dies in a car accident. Every 26 seconds a car is stolen. We believe in your luck, but bearing all this in mind, safe driving and the right Car Insurance coverage are more than necessary.

Basic Dental

For most of us, dental procedures are a necessary evil. Very few lucky people have never experienced those unpleasant feelings at the dentist’s waiting room and a slight shock at seeing the bill afterwards. However, even those few lucky ones face the necessity of visiting the dentist some time or other. Dental hygiene is far from being the only factor that influences the health of our teeth. Nutrition, genetic inheritance, general state of health, personal habits and stress, – all these things have a great effect on our dental health. In the society where a smile is a mandatory “dress code,” the need for purchasing Dental Insurance or joining a Dental Discount Plan does not raise doubts. It is likely that you get your dental coverage at work. If your employer offers dental coverage, try and find out if you have several types of dental plans to choose from. Most dental plans cover a maximum of $1000-$2000 of dental services per year, and you will have to pay for the rest of the dental expenses. If your employer does not offer dental coverage, you are advised to purchase an individual Dental Insurance policy.

Individual Health

Individual Health Insurance” is a term used to describe the health insurance that is not connected to a business and is not a part of a Group Health plan. This is the insurance some people have to purchase themselves, and not through their employer or organization. Usually those who do not have access to Group Health coverage sponsored by employer (people who are self-employed, leave their job or start another job that does not provide adequate health insurance, or those who run out of COBRA benefits) and do not qualify for public programs, have to buy Individual Health Insurance coverage.

Individual policies are more expensive and sometimes people with chronic or serious conditions may experience difficulties trying to enroll. You might have to undergo a medical exam to prove that you are insurable. With Individual Health Insurance you often get fewer benefits than with Group Insurance.

Managed Care

If choosing the most suitable Health Insurance plan your major goal is to minimize costs, a Managed Care plan may be the best option for you. The basic Managed Care principle is providing lower medical costs in exchange for more limited choice. There are three types of Managed Care plans: Health Maintenance Organizations (HM0s), Preferred Provider Organizations (PPOs) and Point-of-Service (POS) plans. The major differences of Managed Care from Fee-for-Service plans lie within two facts: the number of doctors and hospitals who participate in managed plans is limited, and you have to either find out which plans include your specialists or learn which plans your specialists have already joined. The other aspect of no little significance is that in order to keep costs low, your chosen doctor is encouraged to supervise the types of services you get and might need to approve of a hospital or a specialist you have to see, thus depriving such plans of flexibility indemnity plans offer.