Many people wonder what hospital indemnity insurance is and if they need it.
Oh, John, you say. Stop right there. I have health insurance. I’m covered.
Many people think they are. However, did you know your health insurance likely does not cover everything? Here’s what I mean.
Let’s say you are in the hospital for a few days because of an accident. The pre-insurance bill is $50,000. After it is all said and done, you owe $7,500 which includes your $6,000 deductible you will need to pay and $1,500 of coinsurance.
Do you have the money to pay for that? How would you pay for these unexpected medical expenses? A hospital indemnity insurance policy is an option.
Continue reading 3 Reasons Why Hospital Indemnity Insurance Is Worth The Money | We Discuss Why This Insurance Can Be An Important Component To Your Health Insurance
If you read our article if critical illness insurance is worth the money, you know that answer really depends on you and your situation. Keep in mind that critical illness insurance is generally inexpensive when you consider the financial and emotional impact an illness takes on a family. In this article, we discuss the best critical illness insurance options for you and your family.
First, we discuss critical illness insurance underwriting and then the types of critical illness insurance available. Then, we discuss the plans we feel are the best, offering the right type of coverage and premium. Honestly, there will be carriers you have never heard of. Is this a bad thing? No. It means we at My Family Life Insurance have a lot of options to place you and your family in the right critical illness insurance plan.
Remember, the “best” or “right” critical illness insurance plan is the one that fits your needs, situation, and budget. Moreover, it pays the benefit to help you and your family. It’s not based on a brand name or a carrier on TV.
Continue reading Your Best Critical Illness Insurance Options
Do you think life insurance with living benefits is worth the extra money?
John, I have no idea what you are talking about, you say.
Wait. Have you heard about life insurance with living benefits?
If you don’t know what living benefits are, don’t worry. I will explain what they are in more detail.
Here is the abridged version, however: Living benefits are a useful way to advance part of your death benefit early, while alive (or “living”) if certain, covered events happen.
Continue reading Here Is Why Life Insurance With Living Benefits Is Worth The Money | This Type Of Life Insurance Provides More Flexibility
Some families find it difficult to pay medical bills. Does this sound familiar?
Here is a quick quiz. What is the top reason people enter bankruptcy?
- credit card debt
- hospital and medical bills
- student loan debt
- other debt, such as housing, auto, etc.
What do you think?
Continue reading Ways To Pay Medical Bills Without Financial Pain