FLORIDA HEALTH INSURANCE

December 27, 2007

We Can Lower Your Families Insurance Bills...
Contact A Qualified Health Insurance Consultant!

FAQ: What is 'Term Life Insurance?'

Term life insurance has been described as a bet you do not want to win, but if you do, your family will be eternally grateful you gambled! Simply put, term insurance is a bet with the insurance company that you will die and make a claim within a set period of time, known as the term hence the name, term life assurance.

Term life insurance comes in many different forms and probably we come across it most often when buying a home. Here we have a mortgage for an amount that we know, that is going to last for a term that is set at the outset so it becomes very easy to see how much and for how long we need an insurance policy to cover the debt in the event of our death.

Mortgage protection policies tend to have a variety of features that can be used as and when our mortgage situation changes. We may move home, change the mortgage, borrow more money for a new kitchen or suffer changes in our financial situation that require economies to ensure the mortgage gets paid to keep the roof over our heads.

Term insurance policies also find a place when covering business situations. Frequently, the death of a partner in a business will cause an issue in that their share of that business will be left to be inherited by their beneficiaries. Now just consider whether you want your business partners spouse suddenly turning up to your business and telling you how they want you to run the business? Could you work with them? Can they actually work in the business anyway?

Under these circumstances it makes a great deal of sense to establish life insurance cover for the partners. The insurance proceeds will then allow the surviving partners to simply and conveniently buy the deceased partners share of the business. The business is not subjected to unneccessary disruption and the deceaseds beneficiaries receive the value of the business shares without the need for the business to be sold or subjected to potentially crippling debt taken out to pay them off.

Travel insurance is another form of term insurance though the term may be as short as a day! Travel insurance will very often include a death benefit but the primary purpose of coverage here is to ensure the insured receives proper medical treatment where they are, failing that, arrange for their repatriation and in the event of death, ensure the body can be transported home for burial.

It is not uncommon to see term insurance offered to exclusive groups of people. Insurance companies do this to minimise the risk to themselves posed by paying out claims, which in turn directly affects the premiums that are charged. If a group of people, say of a certain age, or particular health bracket e.g. non-smokers, wish to benefit from more advantageous premiums then it makes sense that they look for insurers offering special terms for these exclusive groupings for insurance purposes.

Finally, term insurance has a place for most of us in our lives at one point or another. First of all establish what you need the cover for, how much and under what terms which will then lead you to whether a term insurance contract is right for you. Following this simple principle will help make your negotiation of the insurance maze that much more easy.

John Edwards Health Insurance Plan

Americans of means who fail to sign up for health insurance could find their wages garnisheed and their tax refunds withheld if John Edwards becomes president.

The North Carolina Democrat noted Thursday that under his universal health-care plan, every American would be required to have health insurance. He said people who couldn’t afford to pay the premiums would qualify for public subsidies or government health plans such as Medicaid. But he said people who could afford insurance would not be allowed to choose to go without.

“When somebody chooses not to be in the health-care system, then what they’re choosing is that the rest of America is going to pay for their health care,” he said in a meeting with Des Moines Register reporters and editors.

He said that if uninsured people have an emergency and wind up in the hospital, the taxpayers usually wind up paying for it.

“My health-care plan requires responsibility from everybody. The government’s responsible, the individual’s responsible, the workers are responsible, and the employers are responsible.”

Edwards said uninsured people would be enrolled in insurance plans whenever they used the health-care system or government services.

“So if you don’t have health-care coverage, and you go to the emergency room, you get enrolled. If you’re a 5- or 6-year-old and you go to kindergarten or sign up for school, you get enrolled, if you’re not on a health-care plan. If you go the library, you get picked up.”

Edwards did not give specific monetary amounts for the penalties he would impose on people of means who failed to sign up for insurance.

His comments came a day after a related dust-up between his two main Democratic rivals, Hillary Clinton and Barack Obama.

Obama’s health-care plan would not require adults to have health insurance, and he accused Clinton of not being specific in how she would enforce her proposed requirement that people who could afford insurance sign up and pay premiums.

Clinton has said that she would consider automatically enrolling uninsured people in insurance plans, but that she would work out enforcement details with Congress.

Affordable Health Insurance Plans
Low-Cost Florida Health Insurance

Florida Health Insurance ||  Health Insurance Quotes Insurance News ||  Florida Health Insurance