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Critical Illness Insurance – Helpful Tips

Oct03
2011 Leave a Comment Written by admin

Everyone is aware of the fact that living will not include any sort commitment like he/she will live healthier for next one week or even one day so do you have any surety for your income when you face health issues? Insurance companies offer people in critical illness to get critical illness insurance and cover their expenditures of routine from insurance company. Different studies show that up to 20% of men and 17% of women are suffering from critical illness even they don’t have reached age of 60. Every person can save for his rainy days by buying critical illness insurance. A person can get benefit from critical illness insurance by keeping some important points in mind. Here we share a collection of useful tips that should be followed for buying critical illness insurance. If you want to buy, read these tips and ensure proper and full use of this insurance policy.

  • Lots of insurance companies offer hundreds of options in buying critical illness insurance policies so you are suggested to gather information about insurance companies and their offers and compare their policies to have an idea which one would be best for you. Ask for key feature documents by different companies to compare their offers fairly and examine which insurance company offers the best.
  • Get clear information about offers of each company and its critical illness insurance about what it will cover and what will not be coverable. This is the number one important factor that will tell you what your claims will be entertained and what will be rejected.
  • Another important factor that you need to consider is to know the range of illness for which you can claim covers.
  • You are suggested to buy guaranteed instead of reviewable premium to keep your insurance costs minimum. A guaranteed insurance policy means that you get guarantee that your insurance company will increase size of your premium.
  • You should also look for critical illness insurance policy that offers maximum critical illness cover and other advantages like automatic coverage for children or parents.
  • You are suggested to take critical illness insurance and life insurance policies together because buying these two at same time will be cost effective. Try to buy these policies when you are young and healthy.

 

Income Protection Cover

Aug15
2011 Leave a Comment Written by admin

Income protection cover is one of the most commonly talked about insurance policies. This specific policy is designed specifically to protect your income for the tough time when you become unable to work due to sickness or age factor etc. Income protection covers people usually for 75% of their salary and an ongoing income is provided to the person until proper recovery of that person when he again becomes able to work. This type of insurance policy only covers the insured person for sickness and accidents but doesn’t cover people for redundancies.  These policies are in sense because these policies can cover people thousands of sickness and accidents that keep a person off work for longer period.

Income protection cover is fully tax deductible. All income protection cover policies are certainly not same at all. They differ from company to company in what they offer in benefits and these benefits depend on the price of these policies. Primarily you get for what you pay. If described in simple words income protection cover is a type of insurance that will save your family from running short of money if you suddenly lose your job or you are struck by some accident that make you unable to work. Income protection cover can be long term and short-term as well.

You can gather information about different companies offering income protection cover policies with different options online. You may select an income protection quote that suits your expectations the most. You are advised to make enough searches online and note down income protection quotes offered by different companies making sure that range of accidents and sickness the company promises to cover matches your work environment and your health conditions with general accidents also. Income protection cover is the best option when you are the only person earning for your family and want help in rainy days when your employer fires you from job or some sickness doesn’t allow you to earn etc.

 

Allstate Insurance Complaints

Jun17
2011 Leave a Comment Written by admin

Allstate deals with 13 major lines of insurance, including auto insurance, home insurance, life insurance, and commercial insurance. Allstate also offers retirement and investment products, and banking services. Here we shall provide you details of Allstate Insurance Complaints to assist you in making your decision to choose any company for getting insured. We assure you that having a glance on Allstate Insurance complaints will really be proved helpful for you. Details of Allstate Insurance Complaints are given below;

  • Kara from King City

Allstate Claims office failed miserably with customer service on his claim. They erroneously paid out to the other driver involved in a minor/non injury accident, without what Kara believes was an investigation. They took statements from both of the persons, but did not take photos of Kara’s car or the street where the accident happened. There was no police report. Furthermore, Kara had a witness and he was not interviewed. The claims office sent Kara a letter (after weeks of no contact) stating they had found the accident 100% Kara’s fault for an illegal lane change. Kara immediately contacted a supervisor and disputed the process, and how it was handled. The supervisor acknowledged poor customer service and apologized. Kara then wrote a letter disputing their findings. The street this happened on has one way traffic in each direction; therefore he could not have made an illegal lane change. Kara feels very frustrated with the handling of this claim and wants this report filed officially with an outside agency.

  • Lynne from Benicia

Lynne’s daughter was in a car that was hit by an Allstate client. The date of the accident was February of 2006. They still have received nothing from Allstate!

  • Marry from Piedmont

On March 30, 2009 at 1430 est. Marry was in her 2000 Ford Mustang (red) driving in the far right lane of a three lane road when MARRY hit a white F-150 going at least 40 mph. MARRY didn’t even see it.
Well her husband and she both went to the ER and she had to have a CAT scan (she had a huge lump on her forehead), and her husband hit his chest on the dash, and his whole chin was swollen and he had bad whip-lash. Then they had to go to a follow up doctors and she had to have two x-rays of her shoulder and arm and her husband and she both were told they needed to go to physical therapy. Anyways, her accident was on Monday and they didn’t get monthly rental until Thursday she missed a day of work and then she had to bum a ride to work. Then the adjuster came to her house to look at her car and told her that it was totaled and told her that her 2000 Mustang with 20 rims, CD player, aftershock headlights and tail lights was only worth $3,300.

Marry called his supervisor and complained and said that she was not going to accept it. He just called her back today (Wednesday) and said they cannot pay any thing more than the $3300/-. Her loss is worth of $10,000/-.

Reference

http://www.consumeraffairs.com/insurance/allstate_auto.html

Evaluation

In the eyes of our experts Allstate Insurance has captured good market and intending to extend it. They are offering affordable policies. They have become very popular. Complaints from the customers is normal thing in ordinary course of business and it is always suggestable to conduct market survey before taking any decision regarding taking policy of an insurance company.

 

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Insurance Benefits

May03
2011 Leave a Comment Written by admin

Insurance is a contract or policy for a stipulated consideration or premium in which one party secures to pay compensation the other for loss on particular subject by particular risks. A person can get insured for different types of policies like life insurance, travel insurance, home insurance, vehicle insurance, property insurance, health insurance etc. Each type of insurance policy has its own benefits but the main benefit of getting insured is the same to get compensation for losses. General insurance benefits that are being offered by an insurance company for any type of insurance policy are discussed below:

Risk Cover

Life is always full of uncertainties. In the scenario of these risks, concept of getting insured is a way to cover risks. Insurance policy of any type ensures you to live happy and safe against any unforeseen event.

Planning for Life

Insurance not only provides financial support in case of any financial loss but it also serves as a long term investment at the same time that usually people don’t make in routine. Money obtained at the time of termination of insurance policy, you can meet your several needs like children’s education, family functions, building dream houses or help you in planning a relaxed life thereafter.

Protection against Heavy Losses

Insurance policies offer benefits against health or other risks that can go very expensive if you are not insured but if you have purchased some insurance policy and the loss incurred lies under the benefits offered by that policy then you will be able to cover all expenses if loss was really a surprise for you.

Safe and Profitable Long Investment

Insurance policies are planned in a way to make it possible that you face lesser and lesser risks of payment you make in every insurance premium. Agreed amount o interest is added to your investment after every month or on annual basis. Having an insurance policy, you will not need to think about risky short term investments.

Assured Income of Annuities

Insurance policies are one of the best instruments for future planning. The money you save through the insurance premiums will be your source of income after the insurance policy is over and when you will need money. You can take this money in lump sum amount of take it in installments.

Tax Benefits
Insurance policies offer attractive tax benefits to policy holders.

Not only these there are lots of benefits of getting insurance policies that differ from case to case like how much you pay each month as insurance premium and what benefits an insurance company offers.

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