Life Care Insurance Tagged ‘Health Risks’
Age and budget life insurance
If you are growing old then the life insurance policy is likely to materialize in the near future. You should ensure that there is ample coverage for your family. Likewise you need to discuss the implications of your death even where it seems like a morbid obsession. There are some insurance providers that specialize in giving life insurance for elderly people. You should look at these as an option. They might limit the payout given the fact that you are likely to die in the near future. Younger people can also get the appropriate cover under the terms and conditions.
HIV and AIDS without life insurance
There has been a long tradition of discriminating against people with HIV or AIDS. This is because there are no real cures. However the development of antiretroviral treatment might ensure that these people are given life insurance when they need it. This is a pre-existing conditions and the insurance companies attempt to isolate groups which they feel are liable to get the condition. Therefore on your application there could be references to whether you are in a same sex relationship or whether you have even lived in sub-Saharan Africa in the last five years. Your answers will determine your premium.
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After making the decision to buy a health insurance policy, you must also be wondering about which scheme is better, a family floater or an individual health insurance plan. Before choosing one out of the other, you have to understand clearly what both policies offer and what are their pros and cons.
A family floater provides fixed cover to the entire family, which usually consists of two children and two adults. For example, if you take an insurance cover of 4 lakhs, then your entire family may claim up to 4 lakhs together. Some of the advantages of choosing a family floater policy are that it proves to be less expensive than an individual policy, it is a great option for families that have lower health risks and immediate family members like kids and spouse can be added. Read the rest of this entry
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