Long Term Care Insurance From A Solid Provider
by: Ivon T. Hughes
Blue Cross Blue Shield of Michigan will start a new company that will offer long term care insurance policies beginning in July 2006 and concentrate on providing long-term care services to individuals.
The individual policies would include coverage for assisted living and nursing care but there would be no group coverage products available.
CHRONIC ILLNESSES CAN BE COVERED BY LONG TERM CARE INSURANCE
Unlike traditional medical insurance coverage, long term care coverage helps patients address chronic illnesses and disabilities that employer policies and Medicare don't cover. They usually include meals and help with daily activities such as bathing and getting dressed. This will help protect them as the average cost of nursing home care is more than $50,000 a year, according to the AARP.
U.S. Census data suggest that the population of people 65 and older will double to more than 70 million by 2030. Meanwhile the average growth in the number of long term care policies has been 18% a year.
COMPANY WILL GO NATIONAL WITH ITS LONG TERM CARE INSURANCE
The new company expects to have 12 employees the first year and expects to expand its long term care business to other states.
Currently, there are about 100 insurance companies, across the nation that sell long term health insurance products. Blue Cross Blue Shield of Michigan, which provides health care benefits to 4.7 million members, will be the sole investor in the newly formed company.
"What you will see, traditionally, is that there have been several companies that offer such products," said Mohit Ghose, a spokesman for America's Health Insurance Plans, a Washington, D.C. based healthcare association representing 1,300 member insurance companies. "I think more choice for consumers is always a good thing."
About The Author
Ivon T. Hughes of The Hughes Trustco Group is a licensed Insurance Broker. Author of The Life Insurance Handbook. Get a FREE Copy TODAY! Email: info@trustco.ca Web: http://www.hughestrustco.com
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Life Insurance Quotes
Life Insurance Quotes
by: Gary Tallon
Shopping online for life insurance quotes is becoming increasingly popular in the UK and throughout Europe. No longer do we have to spend hours on the telephone - much to our employer's disgust - divulging our personal details, only to find that the quotes from the life insurance companies are too expensive or don't match our needs. Neither do we have to concern ourselves with taking time off work to make appointments with life insurance providers, subjecting ourselves to hours of sales talk. Of course, all of these options are still available to consumers should they prefer them, but many are now voting with their mouse and turning to online sources for life insurance quotes.
Tracking down the best quotes for life insurance
Obtaining life insurance quotes online is quick and easy. We can start our search for life insurance at our convenience any time of the day or night. If we want to find life insurance...
Life Insurance Quotes
Term life insurance > Life Insurance Quotes
Online Life Insurance
Online Life Insurance
by: Gary Tallon
Are you considering taking out life insurance? If so, it?s a good idea to review what life insurance companies have to offer by searching for life insurance online.
Over the past few years the online life insurance market has become very buoyant. Most major life insurance companies are now represented online, and they have been joined by smaller life insurance companies as well as life companies who operate exclusively online. As the Internet is akin to a level playing field, small life insurance companies now have just as much chance of selling a life policy online as do larger insurance companies. This has created some intense competition between insurance companies for online customers, many life companies providing discounts and incentives to attract life customers to their policies. Consequently, you can now pick up online life insurance for as little as ?5 per month.
Online life insurance?choices?choices!
The...
Online Life Insurance
Term life insurance > Online Life Insurance
Critical Illness Insurance Is Critical
Critical Illness Insurance Is Critical
by: Ivon T. Hughes
A difficult time in life can teach you what's really important. Just ask anyone whose life took a sharp turn when a medical problem was discovered.
First off there are expenses, a difficulty for any family but which are a special challenge for any family who are covered by a limited medical insurance policy or have no insurance at all.
If you have limited medical insurance, there is sometimes just not enough to pay the bills. You could have costs of staying near a clinic while hoping and praying that you will get well.
Some people have family members and friends who have started get well funds to help pay expsenses. But all of this doesn't answer why there was no critical illness insurance.
This Is Why Critical Illness Insurance Is Important
Critical illness insurance is important as what you are doing is insuring your income , just like you insure your house....
Critical Illness Insurance Is Critical
Term life insurance > Critical Illness Insurance Is Critical
Life Insurance ? Medical History Increases The Cost For 66% Of Applicants
Life Insurance ? Medical History Increases The Cost For 66% Of Applicants
by: Michael Challiner
Lucky applicants for life insurance can be insured within 48 hours and at the premium quoted - but 2 in 3 applicants are faced with delays plus the prospect of having their premium loaded.
So who are the lucky ones? Basically, you?ll have to be as fit as a flea with no family history of serious illness, under 45, in an office type job and probably applying for less than ?250,000 cover. For everyone else there is going to be some hassle.
When an insurer provides an initial quote for life insurance, all they know is your age, sex and smoking status. They use these details to make an initial prediction of how long you are likely to live and on that basis they give you an initial quotation. They call it their ?Standard Terms?.
If you want to progress your application you?ll have a multi-page application to complete. This isn?t as daunting...
Life Insurance ? Medical History Increases The Cost For 66% Of Applicants
Term life insurance > Life Insurance ? Medical History Increases The Cost For 66% Of Applicants
Life Insurance, The Facts
Life Insurance, The Facts
by: Joseph Kenny
Insurance involves transferring a risk that you bare, onto an insurance company, so that you no longer have to worry about the event occurring. While you pay a fee, or premium for this, what you get in return is peace of mind. So what is the risk that you are transferring with life insurance? Well, quite simply, it is the financial risk of your own death. It should also be remembered that it is in certain circumstances possible to insure the life of another person, such as your husband or wife, or an important employee. The insurance company will then pay out to the named beneficiary once the event occurs, and this is usually a family member or business associate of the insured.
The thing that insurance companies will be looking for is insurable interest. It may come as a surprise but in the early days of aviation, there were some clever entrepreneurs who would hang around at airports and buy life...
Life Insurance, The Facts
Term life insurance > Life Insurance, The Facts
Why You Should Consider Pet Insurance For Your Family Pet
Why You Should Consider Pet Insurance For Your Family Pet
by: Joseph Kenny
If you have ever wonder about the benefits of insuring your family pet, then you may want to consider the following pointers as to why you should consider pet insurance for your family pet:
1 in every 3 family pets will visit a vet this year for treatment
40 percent of all vet fees are caused by ?unforeseen? illnesses or accidents
less than 15 percent of family pets in the UK are covered by pet insurance
the average vet bill for care and attention needed following a road accident involving a cat or dog last year was circa. ?750 - ?1,000
2 out of every 3 pet owners in the UK have admitted to having gone overdrawn at some time during their lives in order to pay for their pet?s vet bills.
All of these are fairly scary statistics.
They?re event more scary when you consider that will a simple family pet insurance policy, paying a minimum...
Term life insurance > Why You Should Consider Pet Insurance For Your Family Pet
Short Term vs Long Term Marketing Efforts
Short Term vs Long Term Marketing Efforts
by: S. Housley
Short Term Vs Long Term Marketing
In order to create consistent sales cycles and a positive growth trend businesses usually engage in both short and long term marketing efforts.
Short-term marketing efforts tend to cause sudden sales spikes which rarely last. These sharp sales increases are usually the result of a targeted marketing campaign or time limited offer. While short-term marketing produces sales, long-term marketing efforts must be mixed in to sustain sales.
Short Term Online Marketing
Mentions
Positive product mentions in forums, newsgroups or within trade organizations can result in a traffic or sales surge. Product endorsements and newsgroup conversations are difficult for marketers to control and time, so while product mentions in forums are short-term marketing, they lack the organized exposure necessary to maintain sales momentum.
Discounts
Marketing...
Short Term vs Long Term Marketing Efforts
Term life insurance > Short Term vs Long Term Marketing Efforts