Medical exam for life insurance

When applying life insurance policy, you are generally will be asked to take a medical exam.
Generally, if you are under the age 50 years and apply life insurance with low minimal coverage, you are probably will not take a medical exam. Thus, the older you are, the less life insurance you can buy without a medical exam.
This picture also depends on your health record and underwriting guidelines of insurance company you choose.

Type of medical exam may include basic physical, blood pressure, and urine test. Some insurance companies also require an ECG or treadmill ECG (stress test) for life insurance policies.
You may also have to provide your health record, including the name of your visit doctor, date of visit, and the treatment they recommend. Nurse or doctor who is paid by the insurance company will conduct the exam normally.

If you have medical condition, there's nothing you can hide.
Typically, insurance companies have access to some medical information through the bureau of medical information. So, if you try to hide the facts about your health status, there is a chance the insurance company will return your application.
In addition, if the insurance company find such information, they will see it more clear and if you die as a result of your illness, your insurance company may choose not to pay the death benefits to your heirs.

There are several steps you can convince to get the best results in your medical exam:

- Sleep well several hours before the exam.
- Fasting eight hour in advance if possible to produce accurate results.
- Do not smoke at least one hour before the exam.
- Avoid caffeine at least one hour before the exam.
- Avoid alcohol consumption for at least eight hours before the exam.
- Do not do strenuous exercise for 24 hours before the exam.
- Limit consumption of salt and cholesterol at least 24 hours before the exam.
- Cancel the exam if you are sick.

By doing the above steps, you will get a good medical exam results and will certainly make lower your insurance premium.

Tips to buy life insurance

Buying life insurance is an easy way to protect your family when something bad happening to you.
If you know what you're looking for, you get the best coverage at an affordable price.

The reasons why people buy life insurance is a financial protection.
If you are an unmarried person, you may not need life insurance because nothing is to be borne by you. But, when you're married, your responsibilities will be more in line with the growing of your family. Therefore, you will need life insurance in this condition for anticipating.
In general, the purpose of life insurance is to transfer your income (along with interest) to your heirs when you are gone.
Also, you may purchase life insurance to pay the debts and other costs, social service, and real estate finance.

There are two basic types of life insurance.

- Term life insurance which provides insurance coverage for a specific period.
- Cash value, which combines a death benefit with cash value component.

Cash value insurance offers lifetime protection, while term life insurance may be the right choice for financial protection.
Some policies will help you change your term of life insurance policy to be permanent.

The amount of life insurance protection you should buy depends on how much income you need. If you are married, both you and your wife should buy life insurance.
One of easiest ways to estimate how much life insurance protection that you need, you should use a life insurance calculator.

Term life insurance usually offering various period between 1 to 30 years. Choose the term that adapts to your needs with life insurance protection.
How much life insurance you pay will depend on several risk factors include age, health, smoking or not, family history related to health condition, and type and amount of life insurance you want to buy.

When comparing life insurance benefits, make sure the coverage you compare is same. Then knowing the company rating that issued life insurance from several rating service company, such as A.M. Best or Standard & Poor's.
These companies evaluates the financial condition of insurers and claim payment ability.

When you are ready to buy life insurance policy, you will fill out an application that contains questions about current and previous of health condition, and your lifestyle.
You need to do some health checks, and your history record of past health condition will help insurance company in determining the suitable policy and at what price.

Life insurance policy on the internet

Insurance consumers today have many choices.
They can use their insurance agent or buy insurance over the phone or internet.
Some insurance companies now offer policies that are only available on the web. Web that provides news about life insurance can offer many advantages.

You can get cheaper coverage and faster, and you are no longer need to visit an insurance agent.
Your choice may be limited. If you need a variation of policy features, it would be better visiting the agents.

Some internet-based insurance policies do not offer much variation with respect to limited policies features.
More complex of life insurance products such as whole life, variable life, and variable universal life require more explanation than some website providers.
This is to facilitate the online bidding and easy to understand.

Arthur Fliegelman, vice president and senior credit officer at Moody's Investor Service said that in order to sell life insurance online, you need an attractive products and simple.

In addition to life insurance, you can buy annuities that are exclusive to the web.
There is a drawback. Some popular features on variable annuities sold through agents, including long term care riders, guaranteed minimum income benefits, and bonuses, is not available on web-exclusive annuities.
Some annuities do not provide death benefits, which are beneficiaries of what annuity holders outlined in the contract.

One advantage of many online annuities is the ability to create an unlimited number of transfers between mutual funds and sub-accounts.

As more people become able to use the internet and feel comfortable making purchases online, web-exclusive insurance may be an attractive option.

Louisana's acting Insurance Commissioner, Robert Wooley, said the people who make purchases online insurance should ensure they understand the policy terms before purchasing. But, still doubting that about two-thirds of adults feel they have the right amount of insurance, only one third that looks really understand what they have.

Arthur Fliegelman of Moody's said that online insurance is not enough to give their service capabilities to customers, which include the payment of premiums, change insurance beneficiaries, or change coverage.
Fliegelman said the online insurance provider is required to make this services easy to use, if they want to increase their share in the market.

Protect your company with Commercial Liability Insurance (CGL)

Liability Insurance

If you run a business, the consumer who enter your office will be the applicant for your business.
As consumers increase their attention to legal issues, there is growing phenomenon of law enforcement. You can avoid this risk, but at least you can transfer the risk on insurance companies using Commercial General Liability (CGL) insurance.

Standard commercial general liability policy (also known as the comprehensive general liability insurance) provides insurance coverage for law enforcement of property hazards caused by workers or criminal behavior of the workers.
This policy also may include intellectual property, contractual liability, tenant liability, and employment practices liability.

CGL policy established for some small or large business, a business partnership or joint venture, corporation or association, and organization or newly acquired business.

This article will explain the characteristic of comprehensive general liability and explain how it can benefit to your business.

Insurance coverage in the CGL policy including physical injury, medical payments, and the preemies, including operation liability.
In the case of law enforcement, insurance companies provide coverage for common hazards that are not covered by the policy, even though they may be covered if allowed by the state where the policy is issued. The amount of risk associated with business and its size will determine the total coverage.

Policies may include compensation of legal defense and investigation of law enforcement, including attorney fees, cost policy reports, and medical costs.
Insurance companies retain the right to legal defense of insurance companies from dangerous property.

General coverage offered by insurance companies include:

1. Physical injury.
In cases where a person experiences with illness or injury, the CGL policies will compensate people with the cost of service, medical care, and compensation for death resulting from accidents or illness.
Claims for companies and their workers will covered by compensation insurance of worker. CGL does not provide coverage in that case.

2. Hazard property.
Under CGL policy, insurers make ownership reimbursement from some harmful impact resulting from the use of property.

3. Fire hazard.
CGL will compensate for your business from fire hazards.

4. Preemies and operation liability.
CGL policy covers liability arising from business operations.
For example, your customers fall in the office, then the insurance company must pay medical expenses for your customer.

5. Products-completed operations liability.
If your product fails, your company may be punished. In such cases, the insurance company will pay the legal costs incurred.

6. Contractual liability.
CGL policy covers liability increased from entering the lease contract, license contract, elevator maintenance contract, and so on.

So it is important to clarify the type and amount of coverage provided by your guarantor. Alternative coverage above may differ among insurance companies with one another.

About Health Insurance

Health Insurance

Health insurance is probably the most important insurance that you should have.
Expensive healthcare cost recently can be very costly if you are not guaranteed by the insurance. Some people even experienced with selling of their properties to bear the cost of hospital care.
If you already managed it through health insurance, this can't be happen.

However, health insurance also a product that is quite complicated to understand because of wide variety offered. Therefore, it is normal if you confuse with this product.

For those categorized as low income or civil servants, the health insurance also provided exclusively by government or private insurance company.
For private insurers, typically there are limitations of treatment and medical procedure tailored to the premiums that are used.

If you are not poor and not civil servants, you can buy commercial insurance programs run by national or private companies, including insurance programs held by the government.

Commercial health insurance can be purchased individually or in groups.
However, due to administrative and risk consideration, many health insurance products may only be purchased by the group, not individuals.

Here are some types of healthcare costs that can be guaranteed by health insurance:

1. Outpatient

Outpatient insurance covers doctor fees, diagnostic or lab cost, and medicine.
The costs incurred are usually determined by the maximum limit for each component per visit or year, or a maximum frequency of visits in one year.
Restriction can also be enforced by requiring a GP referral before a visit to a specialist, or coverage of health care is only given when done by registered service providers.

2. Inpatient

Hospitalization insurance covers the cost of inpatient care in hospitals, which include room costs, physician services, drugs, laboratory or diagnostic support, surgery, etc.
Classification of hospitalization insurance usually determined by the room class, from the lowest grade room to VIP or VVIP.

For each classes, there are also maximum limits covered by insurance company for the cost of treatment rooms, medicine cost, surgery, etc.
The cost of the surgery itself divided based on minor, moderate, or major.

Hospitalization insurance can be purchased in sets or individually.
Particularly to individual insurance, we can choose the type of health insurances, whether in indemnity or cash plan types.

Indemnity insurance is an insurance that provides replacement cost we spend according to hospital bills.
While cash plan insurance provides income support in a certain amount each day of hospitalization, no matter what the actual costs we incur.

3. Maternity

Maternity insurance provide healthcare costs for labor and usually given only to a group of women of childbearing age with a certain minimum number of membership.
This may not approved, if you are pregnant during registration.
You may also can not buy maternity insurance on an individual basis.

Benefits of maternity insurance differentiated between the benefits of giving birth to a cesarean section and normal delivery.
Also, the maximum coverage cost in both are different and depends on premiums paid.

4. Dental Care

Dental insurance cover the cost of routine dental care and non-cosmetic surgery.
Characteristics of dental insurance almost similar to outpatient insurance where the benefit sorted based on the cost of doctors, medicines, and other services.

5. Glasses

Glasses insurance cover the cost of eyeglasses, and lenses and frames.
Typically, insurers will limit the frequency or replacement glasses in a single period of coverage, only the lens, or just the frame alone.