The Incredible Truth on Insurance Claims
A Final Expense Insurance Policy Creates Peace Of Mind
The thought of losing a loved one is difficult for everyone. Discussing wishes and making plans for a funeral is a very sensitive issue but is one that must be done in order to protect the family that you love. A final expense insurance plan gives financial peace of mind.
When plans have not been put into place, the expenses incurred for the funeral and other final arrangements can devastate the survivors financially. The average cost of a very basic funeral runs thousands of dollars and these costs are expected to continue to climb over the years. Not only will there be funeral costs for the survivors to pay, but there are usually also credit card debts as well as medical bills that have accrued.
As people approach death, many wind up spending time in very expensive ICU units. These bills pile up rapidly and must be taken care of right away in order to close the estate. Just because someone has died, it doesn’t meant that those bills will simply disappear. The surviving family members will be expected to pay them.
Once a spouse passes away, the remaining spouse still has to pay the regular monthly bills. With the loss of a second income, this can become an enormous financial strain. Pre-planning and purchasing insurance will help the family stay financially afloat as they struggle to deal with your loss. This can be accomplished by talking with an insurance agent and getting final expense quotes for you and your spouse.
Peace of mind comes when you know that no matter what, your family is protected. Final expense insurance is more affordable than most people believe and will pay out to cover the costs associated with death. Your family will be able to grieve without the added worry of financial stress. Coverage for funerals and other arrangements is only one portion of the benefits received with a final expense insurance policy.
Is Life Insurance Really Necessary?
Life is expensive enough with mortgage payments, utilities, car payments, car insurance payments and credit card bills. It is natural not to want to add to any existing monthly bills and expenses. The thought of adding yet another bill to that list is often unwelcomed, especially if it is an unexpected bill. But, when that extra bill is a life insurance payment, this thought deserves a second look.
Funeral expenses are climbing each year. “If you have several thousand dollars set aside for a funeral, and many people do not, it is easy to believe that you can do without the added expense of life insurance,” says Jeff Root of RootFin.com. Unfortunately, funeral costs often arrive with final medical bills. A spouse that dies unexpectedly also leaves his or her family without a significant portion of the income they relied upon to meet their monthly expenses and bills.
Life insurance payments take care of funeral costs, final expenses and regular monthly expenses. “Life insurance makes the difference between a family facing a potential financial crises versus a family that can endure the sorrow of the lost loved one without the added misery of being unable to pay the bills,” continues Jeff. “Life insurance premiums do not have to be exceptionally high in order to offer significant amounts of coverage.”
Review the many term life insurance policies available with a qualified insurance agent. Many policies offer nominal premium payments. The rates for the premiums are based on several factors such as age, health, coverage limits and the insurer themselves.
Obtaining a life insurance policy is an affordable way to gain peace of mind. In the event something does happen, a family is financially protected at an emotionally difficult time. All the while, the policy premium is low enough that it is easily incorporated into a monthly budget, making it an affordable necessity.
Simple Strategies for Obtaining Life Insurance as a Type 1 Diabetic
For people that have diabetes, you can sometimes find it difficult to obtain a life insurance policy. Insurance companies are leery of ensuring individuals that may not have the best chance of survival. This is true for people that are smokers, and any individuals that have a condition which may cause them to pass away earlier than expected. That’s why diabetics can be considered risky customers, yet this is not true for all life insurance companies. Let’s look in a couple ways that you can find a life insurance company that will be willing to provide you with a type 1 diabetic life insurance policy.
Diabetics are individuals that are unable to produce enough insulin, or any insulin at all, as a result of a medical condition. Their pancreas, which is the organ in your body which produces insulin, may have been damaged in some way causing it to not produce the insulin necessary to absorb and process glucose in your blood stream. As a result of this, if you have type I diabetes, you’ll have to take insulin shots the remainder of your life. There is the possibility that this could lead to a potentially fatal situation, which is what makes all diabetics riskier than those without this medical problem.
Finding A Life Insurance Company That Will Work With Type 1 Diabetics
The easiest way to find one of these companies is to search for one on the web. These companies will look at your condition, and assess it in order to determine whether or not they should grant you a life insurance policy. Based upon your health history, and how healthy you are at the moment, they can make a determination sometimes right away as to whether or not to grant you a life insurance policy. By finding multiple companies that have this option, it should be easy to obtain one right away. Using this strategy, you should be able to quickly find a type 1 diabetic life insurance company that will be willing to work with you.
The Truth about Medigap Supplemental Insurance Coverage in Georgia
The older someone becomes, the likelihood that they will need certain medications or surgical procedures goes up significantly. Many people who are older than 65 feel better when they realize that they can obtain insurance through Medicare in order to pay for these mandatory medical needs.
Unfortunately, many of these older citizens do not realize that Medicare has specific restrictions on what it will pay for. At the most, Medicare will only take care of 80 percent of a patient’s total health care costs. The rest of the money will need to be paid by the patient or their family. People at this age can never be certain about how their health will hold out over the coming years, so it is usually not possible for them to set aside money in their budget in anticipation of such events.
Most people who live on a set income tend to find themselves in an unfortunate spot. They just do not have the funds available to cover healthcare costs and their cost of living. This is why Medigap plans are so helpful.
Understanding Georgia Medicare Supplements
Some people may know Georgia Medigap plans under the term Medicare supplemental insurance coverage. This is a kind of coverage that is separate from Medicare and is used to pay for the costs of healthcare that is not paid for by Medicare. By paying an affordable monthly payment, elderly people living on a set income can have peace of mind that they will not be responsible for astronomically high medical costs in the future.
A Medigap plan can even be used in another country, so senior citizens who travel abroad don’t need to worry about healthcare costs while on vacation.
Supplemental insurance coverage for Medicare can be obtained from almost any insurance company. Call to speak with an agent to get a set of Georgia Medicare supplement quotes and find the right Medigap program for you.
Logic of Disability Insurance
It’s hard to picture yourself as disabled to the degree where you have a serious injury or illness and are unable to work or earn any money. Most people are taught that everything will continue on in life just as it has always been without changing. Sadly, this is a downfall for many as they aren’t prepared to deal with financial emergencies or situations that occur like this out of the blue. Disability insurance can bridge the gap that occurs if a person is suddenly disabled or injured in an accident.
Many people don’t understand how often disabilities like this happen. The truth is, such disabilities are five times more likely to happen than a fire in the home. Fires are more visible and thus others can see them. Injuries and illnesses are often invisible and others who see you on the streets won’t really think you have a disability, that is, until they themselves become disabled. Invisible illnesses and disabilities are all around us and many of us don’t notice them or the results of them.
Disability insurance is protecting your income. If you don’t have this and your income suddenly stops because you are unable to work, what are you going to do? If your disability is longer than three months, how will you and your family cope? What will you do when your car is repossessed? How will you make the mortgage or rent payments on your home?
This is the true issue. It’s a very risky business. Most people get health insurance directly through their employer. With the advent of Obamacare, some employers are stopping this service and directing their employees to an exchange that the government handles. Of course, this eliminates disability coverages. If you don’t have it for any reason, you’ll need to find it and purchase it directly from an insurance company.