Cancer Insurance: Secure Your Family’s Future Now
Life is unpredictable and full of unwanted catastrophic situations. You will never know what fate has stored for you. As you cannot predict the future, especially the coming illnesses, you should chalk out a proper plan to survive in this mortal world.
People are undergoing several life-threatening diseases. But cancer is the most devastating and critical illness. When diagnosed with cancer, it slowly consumes every savings due to its treatment and diagnosis cost. Thus, it fills people with anxiety, depression, anger as their hard-earned money gradually sinks in. As a result, people should opt for the best cancer insurance policy to have some mental peace.
If you are alone and have no one to offer you emotional and financial support, the best cancer insurance plan will work as your savior. It will cover the pre-hospitalization costs, chemotherapy sessions, and many more expenses.
Importance of cancer insurance plan
Acquiring a cancer insurance plan might seem a strange and outdated matter in the beginning. But it is crucial to keep aside the financial burden if diagnosed with this life-threatening disease. Many people think that opting for the plan is a waste of money. But again, the best cancer insurance policy helps you go a step ahead and offers high coverage for a comparatively low premium. It can reimburse effectively than other medical insurance plans. The cancer policies afford the insurance amount based on the cancer type and stage, irrespective of the amount spent on therapy. Thus, it assists you in recovering your financial status without bothering much about the expenses.
Things to contemplate while selecting a cancer plan
· Remember that a cancer insurance policy only treats cancer, not other critical illnesses.
· Verify whether it offers no claim bonus or if you cannot claim the amount.
· Check if it pays on both minor and critical cancer stages or not.
· Evaluate the policy and ask for discounts depending on the premium you choose.
Advantages of cancer insurance plan
It is now time to study the advantages of the cancer insurance plan below.
· Financial security
The most significant benefit of purchasing this plan is the financial security if you and your family members are diagnosed with cancer. Cancer gradually increases the burden of your shoulder and is physically destructive and also financially exhausting. You have to dig your pocket for funding chemotherapy sessions, medications, and other expenses. Therefore, opting for the best cancer insurance plan can take care of most of your financial requirements, and you can diminish the monetary burden from your mind.
· Future Security
You might notice many families having cancer as a hereditary issue. As a result, most of your family members will have to fight against this critical disease. Hence, having a cancer insurance policy will assist you in dealing with the condition better. So, it provides future security and might save your family members by funding a decent amount.
· Cover expenditure
Cancer patients go bankrupt after funding for cancer treatment. Thus, the best plan can aid with medical expenses. Besides, it also offers additional money to meet other medical costs that arise during cancer treatment.
· Flexibility
The best insurance policy provides the amount without hospitalizing the patient. If you pay from your pocket, you do not need to go anywhere, as you can get back your money from the insurer. Besides, you can select which hospital you wish to get treatment. Cancer therapy requires time, and the best plan will cover up to 40 years. On top of all, you will get a lump sum amount for the medication and post-treatment expenses also.
· Premium waive off
A beneficial aspect of cancer insurance is that the policyholders can proceed with the policy even after they recover from early-stage cancer. Some insurance corporations offer to waive off premiums for the upcoming years.
After all, protecting yourself and your family is your duty. So, purchase a plan now and secure your family’s future with the best policy.
Why Should You Get Burial Insurance?
Death is a morbid thought. But it is inevitable. Strange as it may seem, there is a cost for dying too.
Burial insurance is the best way for you to make sure that your family members won’t have to pay for your burial and other final expenses such as legal costs, debts left behind, and funeral or cremation expenses out of their pocket.
Here are some reasons why you should get burial insurance in Texas:
Life insurance may not cover it all
Many people don’t buy burial insurance because they already have a life insurance policy. But every term life insurance policy expires once you reach a certain age. You will receive a payout but you may also spend that money. But burial insurance never expires. Your family is guaranteed a payout at the time of your death.
Also, the possibilities are that you took the life insurance policy quite a while back. And it may not cover your final expenses. Even if it does, you would want the life insurance money to be spent by your family members for their own needs and not to pay for your funeral and other outstanding expenses.
Some life insurance policies even take a long time to process. This would add to your family’s suffering. With burial insurance that would never happen. Your family members would spend more time remembering you than arranging for your funeral expenses.
Will make your funeral affordable
A funeral can be expensive. With burial insurance, your family can conveniently pay for the coffin, the funeral home charges, the memorial service, the headstone, and also the flowers. They may even have money left to spend as they deem fit.
Prevent overspending
Emotions run high when people grieve for their loved ones. In order to express their love for you, your family members may end up spending too much. But with burial insurance, there will be a clear plan as to how your funeral would take place.
It is flexible
If you have made arrangements with a local funeral home, you cannot transfer the benefits to another funeral home. This means that if you die at any other place than where you had imagined, the money will not be transferable to any other funeral home that will be taking care of your last rites.
But if you invest in burial insurance, your beneficiary will get the funds irrespective of which funeral home that money will be used in. Burial Insurance travels with you, no matter where you may live in the future.
It is inexpensive
Compared to a whole or term life insurance, burial insurance can be bought for small amounts. There are several options to suit your budget. And as long as you pay the premium, you don’t have to worry about anything.
It is easy to qualify for
It is easy to avail burial insurance in Texas. Unlike other insurance policies, you don’t need to go for a medical exam.
You just need to pick a policy of your choice and then complete the application. The application process can be completed online or over the phone or through an agent. The application can also be emailed to you. Generally, you will have to answer ten or twelve questions in the ‘Yes’ or ‘No’ format. And you are all set.
Can borrow against the cash value
Since a burial insurance policy is a whole life insurance policy, it will accrue cash value with time. The policy will allow you to borrow against the tax-deferred value of your burial insurance cover. This means that with burial insurance, you also get an additional potential credit line for emergencies.
Be remembered the way you want to be
Without burial insurance, your funeral may be held as decided by the funeral home based on the services they offer. With burial insurance, you would be able to decide what kind of service you want. You will be able to leave clear instructions to your beneficiary so that the funeral is arranged as per your wish.
Conclusion
Burial insurance in Texas cannot lessen the pain and suffering that your family members would go through because of your death but it can reduce the stress and offer them the dignity that they deserve.
Four Things to Consider When Dealing With an Insurance Agent
There are many different kinds of insurance policies available for almost all categories of customers. Insurance agents assist prospective customers for their insurance needs. Whether you are a resident looking for personal insurance or a business owner seeking commercial insurance, an agent will be of immense help in getting the right coverage. Insurance policies can be hard to decipher with a variety of terms and exclusions that can be difficult for the customer to navigate if he has to file a claim. Customers often have a tough time understanding the types and procedures associated with insurance. In this scenario insurance agents act as a valuable intermediary between customers and insurers.
How Do You Benefit by Consulting an Insurance Agent?
The insurance agent is well informed about the developments in the insurance sector. He updates himself by attending industry events and through specialized periodicals. Some agents get industry certifications and training to deepen their knowledge. They are also able to use their extensive knowledge of the field to inform customers about the right kind of coverage. They can also help the customers in understanding how they can get lower rates. For example, a vehicle with an anti-theft device gets a lower auto insurance premium. Some insurance companies prefer to deal with insurance agents to save on the costs of customer acquisition and marketing, so they offer lower rates for quotes through agents.
What Services Does an Insurance Agent Provide?
In many states, insurance agents are expected to follow an ethical code of conduct and maintain good financial standards in their operations. The insurance agent offers information about the customer’s desired insurance coverage. After completing a consultation and assessment, the agent forwards the customer’s information to the insurer to get a quote for the proposed policy. The customer can accept the quote if she finds it suitable for her needs. After the first premium is collected by the agent, the insurer issues the policy. The agent also collects subsequent premiums during the policy renewal. If there is a change in the customer’s risk profile, the agent can intimate the insurer to amend the policy. The insurance agent can also guide the policyholder in case she wishes to file a claim with the insurer.
What Type of Insurance Agent Do You Require?
Customers can decide which insurance agent to approach depending on their needs. An individual may be comfortable with an agent dealing with a few lines of insurance, while larger businesses operating in many areas may prefer to approach agents who offer many types of policies. There are broadly two types of insurance agents: captive insurance agents and independent insurance agents. Captive insurance agents represent a single insurer and sell policies only from their affiliated companies. Customers can opt for such agents if they have decided to get a policy from the affiliated insurer. Independent insurance agents can offer policies from several insurers and are not particularly affiliated to any one company. Insurance agents can also be classified depending on the type of insurance which they deal with. Some agents may deal with life insurance exclusively. Others may sell only health insurance or general insurance. There are also agents who deal only in business or commercial insurance lines.
How do You Select a Good Insurance Agent?
Customers place great emphasis on positive word of mouth from an agent’s satisfied clients. They can opt to email the agent, talk to them over the phone or meet them personally to procure their chosen insurance policy. Insurance agents can be contacted through their websites. As part of their marketing, insurance agents also place listings in business directories and run advertisements in local print publications and television channels. They also reach out to customers through direct mail campaigns, hoarding and flyers.
Five Things to Consider When Looking for an Insurance Agency
Insurance is something people wish they did not need, but when bad and unfortunate situations arise where they require insurance, they are very grateful for it. Whether it is auto insurance for a vehicle, home insurance to protect a home, flood insurance to cover property damage during a flood, life insurance for a person and their family’s peace of mind, or commercial insurance for businesses, today insurance is a necessity. Picking the right insurance and the right insurance agency is very important. Here are five things to think about before purchasing any kind of insurance.
Consider what type of insurance is needed
There is a difference between personal insurance, which is used for individuals and families, and business insurance, which is used for insuring businesses. Within personal insurance there are subsets, like homeowner or tenant insurance, vehicle insurance, life insurance, and flood insurance. Business insurance is important for people who own or run their own businesses. Even when people work from home and have personal home insurance, if the assets of their businesses are stolen or destroyed in a disaster (such as a fire), personal insurance might not cover the loss of the business property. Talking to a professional insurance agency will help people to choose the best insurance for their personal and professional needs.
Consider flood insurance
Often in a standard home insurance policy, damage to property is not covered if the damage to the property or assets was due to a flood. Whether people live close to bodies of water that can overflow (like a river or stream), or if it is a matter of flash flooding due to weather patterns, floods can be devastating and costly for people and their businesses. In 2013 flooding in the state of Colorado caused of 18,000 homes and businesses to be damaged or destroyed. In order to protect themselves from the unexpected costs of potential flooding, a reputable insurance agency will recommend purchasing a flood insurance policy.
Consider multiple insurance policies
When people look to purchase insurance for multiple reasons, such as buying homeowner insurance to cover a home and flood insurance to cover flood damage, often time and money can be saved. Let’s look at Bob, a typical Coloradan. He has home insurance with one company, auto insurance at another company, and life insurance in Texas at a third company. When filling out insurance forms or making a claim, Bob has to make sure he isn’t filling out the wrong form for the agency. It gets to be confusing by having different insurance policies at different agencies. By purchasing multiple insurance policies at one insurance agency, people can save themselves time, money and stress.
Consider an audit
What exactly an insurance policy will cover and how much that will cost will vary depending on what is being insured and who is insuring it. Getting an insurance audit can help people save money on their personal and business insurance needs. For example, with automobile insurance, a vehicle equipped with anti-theft alarms and other devices could result in a lower insurance rate. Whether it is for home, auto, or business people should speak to their insurance agency about some of the ways they may be able to reduce their insurance rate.
Consider life insurance
While most insurance affects people directly (and their immediate family) life insurance is something that people really hope they do not have to use. Best life insurance can help to cover the cost of a funeral in the event of someone’s death. Funerals can cost thousands of dollars (even at the most basic level) leaving families to pay a heavy burden in case of an unexpected death. Life insurance allows people to allocate money for their immediate family to use after their death. Depending on the policy, life insurance could also be used as income in case of an accident or another unseen layoff from employment.
No matter whether you are looking for business insurance or personal insurance such as homeowner, flood, auto, or life insurance, make sure to purchase your insurance from a reputable insurance agency. It can save you time, money, and stress in the long run.