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What is complementary and alternative medicine?
Asked by Unknown1 Answer(s)Complementary and alternative medicine includes practices such as massage, acupuncture, tai chi, and drinking green tea. Complementary and alternative medicine (CAM) is the term for medical products and practices that are not part of standard medical care.Complementary and alternative medicine includes practices such as massage, acupuncture, tai ch
How individual health insurance works?
Asked by Unknown1 Answer(s)If you're used to getting insurance through an employer, buying your own is a change. Health care reform also changed individual and family health coverage. We'll help you understand it better so you can make the right choice.
What does a life insurance policy cover?
Asked by Unknown1 Answer(s)Term Cover Life Insurance gives you simple, flexible cover that can pay out quickly when it's needed. It could pay out a lump sum if you die. Or be paid out in advance if you become terminally ill – providing for your loved ones when you can't.
What is the cash surrender value of a life insurance policy?
Asked by Unknown1 Answer(s)The cash surrender value is the sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs.
Can you mention a few tips to keep in mind while buying Life Insurance?
Asked by Unknown1 Answer(s)Make sure you feel confident in the insurance agent and company.Decide how much you need, for how long, and what you can afford to pay.Learn what kinds of policies will provide what you need and pick the one that is best for you.Do not sign an application until you review it carefully to be sure the answers are complete
How much life insurance do I need?
Asked by Unknown1 Answer(s)Generally the amount of protection you need is a combination of what it would cost to help your surviving family members and dependents meet their current needs (like taxes, food, clothing, utilities, mortgage payments, etc.) plus future obligations (like college and retirement funding) – minus the resources that your surviving family members
Can you renew a term life insurance policy?
Asked by Unknown1 Answer(s)The good news is that many policies will give you the option to renew your policy when you reach the end of the term. The bad news is that you'll probably face much higher costs since age is one of key factors used to determine life insurance premiums.
Can I designate whomever I want to be a beneficiary on my life insurance policy?
Asked by Unknown1 Answer(s)Most insurance companies require that the beneficiary have an insurable interest in the life of the insured at the time of application. In other words, the named beneficiary would suffer a financial loss should death of the insured occur. An insurable interest is presumed for close family members such as spouse, children, parent, grandchild, siblin
What is a fully paid up life insurance policy?
Asked by Unknown1 Answer(s)When consumers purchase whole or universal life insurance, they typically are told that if they make payments of a certain size for a certain number of years, their policies will be fully paid up, with no additional payments required for a lifetime of coverage and death benefits for their heirs.
What is variable life insurance?
Asked by Unknown1 Answer(s)Variable life insurance is a permanent life insurance policy with an investment component. The policy has a cash value account, which is invested in a number of sub-accounts available in the policy. A sub-account acts similar to a mutual fund, except it's only available within a variable life insurance policy. A typical variable life policy will ha