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Life Insurance For High Risk People | Waterway Financial Group, LLC.

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One of our main specialities at Waterway Financial Group is providing options for life insurance for high risk people. We understand you still need coverage.

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Insurance At Affordable Rates For High Risk People

Searching for high-quality insurance policies at affordable rates can be quite difficult if you are considered at-risk by the insurance companies. You are not alone, as many people face this dilemma and wonder what they can possibly do to secure the insurance they so greatly need. If you’re willing to do a little digging, you can find a great insurance policy that you can afford on your budget.high risk life insurance policies

If you’re considered high risk, then you’re probably in greater need of insurance than other people who aren’t considered high risk. Specialized insurance companies recognize this fact, and they are here to provide for your needs. There is no need to worry if you’re at high risk or over 50 years old. If you already have insurance but find yourself in this category, you might want to do a little shopping around with these specialized companies, as they are more equipped to take care of your needs than general insurance companies.

The agents at Waterway Financial Group know how to assess risk and are going to take all of this into consideration, still finding you a great policy. You can finally have the peace of mind, as no one should feel they are outside the scope of insurance.

The problem is there are a ton of insurance companies out there, and general insurance companies outnumber the specialized ones. Therefore, people sometimes don’t know where to turn and cannot locate a company that will really help them secure an insurance policy if they fall into a high-risk category. It’s easy to fall into one of these categories, so you should never feel alone or defeated.

Be sure you are completely straightforward and honest about everything so the insurance company is able to properly assess your needs and provide you with an adequate insurance policy. Some insurance companies and agents are going to be more knowledgeable in certain areas concerning high risk insurance, so take this into consideration as well.


Why Floridians Need A Medicare Supplemental Insurance Policy

“Medicare can address most important medical expenses,” this is a wrong notion about this insurance coverage that many people tend to believe. The truth is that Medicare will not meet 20% of the overall medical expenses commonly faced. A big percentage of the income earners make little wages and cannot meet the remaining 20% that is not covered by Medicare. In addition, things seem not to be in their favor with medical care get expensive by the day. Taking care of the aging has now become quite a financial burden that is still left unsettled even after Medicare payments.

medicare supplemental insurance in FloridaMedical bills have become a financial nightmare to many aging citizens pushing them to sell most of their property to make money to foot the bills. Simple medical procedures can turn to be unexpected expenses, which financially overwhelms and burdens the current situation leading to debts. However, there is a viable solution to this predicament and it is Medigap.

Many insurers offer Florida Medigap insurance as a supplemental insurance to that of Medicare. It is designed to meet that 20% left uncovered by Medicare. Seniors over 65years can take Medigap along with their Medicare insurance to meet those added expenses that might crop up when undergoing treatment thus lowering the odds of incurring debts.

Insurers offer various plans that suit various needs which consumers can take advantage of and enalbles them to choose one that suits their requests. Having an insurance policy that fails to address your needs it is not worth it. As such, upgrading your Medigap opens up the possibilities of changing the coverage offered to suit possible future needs.

The team at http://floridamedicaresupplementsquotes.com has customer care representatives at hand to answer and help customers on every issues they might have in regards to Medigap. However, sourcing quotes and comparing rates is always advantageous to the consumer. This calls for a bit of research to find out what elements make up a good medical insurance policy.


What Is Life Insurance All About

Life insurance is used to protect the financial security of your family when you are no longer around to provide for them. The policies can have a high worth or a low worth, depending on how you had set it up. There are a few types of policies that you can select from. Here is information on two of the most common types of life insurance policies.

One type is called term life insurance. This type of insurance is for a short term, just like how the name describes it. This policy is good only for a specific period of time. For instance, a policy that has a 20 year term will give you coverage for 20 years only, but the price of the policy will not change.  You can get term life insurance from almost all of the life insurance companies, but since the prices are so competitive, you can choose to get a term life from the top life insurance companies and not pay any extra.

The advantage of a term life policy is that the premiums are usually very affordable. You get a high amount of coverage at good premium prices. The drawback is that after your policy term ends, you get nothing for it. So, all the premiums that you had paid into it goes to the insurance company with nothing going back to you.

The other type of life insurance is whole life insurance. The coverage is similar, but the coverage is for your entire life. That means when the policy ends, it will still have cash value that you or your family are entitled to. There is a maturity date to whole life policies. The drawback is that premiums can cost a lot more than the other type, and the amount of coverage that it offers is not as large. Still, many people are still drawn to the fact that the policy is still worth something at the end of its maturity.

No matter what kind of life insurance you choose, you should talk with a professional in insurance to get all the information that you need. Ask him any questions that you have to get full understanding on how it works.


Overview of Medigap Health Insurance Plans

With ongoing health care confusion presently being experienced by the American people, there are several options open for those who qualify as they near or are at Medicare coverage range.

medigap insurance medicare supplements supplemental insuranceHowever, for brevity sake, this article will restrict itself to highlighting some key features of Medigap health insurance–excluding other totally different options such as Medicare Advantage and Medicaid.

How Medigap Works:

Generally, Medigap insurance plans sold by private companies in the policy holder’s resident state, theoretically reinforce available coverage and makes up for the “gaps” in coverage as provided by the original Medicare program. Some coverage not covered by Medicare are: co-payments, deductibles and coinsurance payments. Other non coverage items may also include expenses incurred while traveling abroad.

Additionally, Medigap policies do not cover long-term care, vision or dental care. Hearing care, hearing aids, eyeglasses or private-duty nursing coverage are also not covered.

Essentially, if you have Original Medicare and buy into a Medigap insurance policy, a Medigap plan pays its share of the coverage only after Medicare pays its portion of the Medicare-approved expenses.

General Qualifying Features:

In order to qualify for a Medigap coverage plan, subscribers need have an approved Medicare Plan A and Plan B in place by enrollment time with a Medigap group. Therefore, monthly payments or premiums are paid not only to the Medicare Plans A and B, but also to the Medigap insurance plan as well.

Barring any unpaid premium payments, Medigap health insurance becomes subject to renewal. Generally, this is the only requirement for guaranteed coverage under Medigap and is not contingent on any existing health condition.

There is no drug coverage for Medigap policies sold prior to January 2006. As such, people wanting prescription drug coverage must join a Medicare Prescription Drug Plan (Part D).

If a Medicare Medical Savings Account is already in place, then selling a Medigap policy becomes illegal. Also, Medigap policies cover only individuals and not married couples. Couples need buy coverage as if they are individuals purchasing Medigap policies separately.

Working With Other Plans

If a Medigap policy applicant already has a Medicare Advantage Plan, they first must drop the Medicare Advantage Plan before enrolling in the Medigap policy.

If one has a Medicare Advantage Plan, he can apply for a Medigap policy, but must make sure he can leave the Medicare Advantage Plan before the Medigap policy begins.

For Additional Information On Best Enrollment Periods

* Find a private Medigap company.
* Call one’s State Health Insurance Assistance Program (SHIP).
* Call one’s State Insurance Department.


Is Burial Insurance Right for Me?

Most of us will need some financial resources to pay for final expenses, but do you need burial insurance to cover those expenses?

Funerals aren’t cheap. Most cost several thousand dollars. Typical expenses include the following:

Transport.

Moving the remains from hospital or residence to a funeral home, and then transporting the remains to a place of worship for a religious or memorial service, and finally to the burial plot all involve costs. Typically, there is a hearse for the coffin and a limousine for family members.

Body preparation.

Preparing the body for a funeral and burial involves the cost of embalming or cremation. If the body is shown for visitation, a hair stylist is typically hired to arrange the hair and possibly shave a male’s face or apply makeup to a female. There is also the cost of a coffin or an urn, and possibly a vault, to consider.

strong>Funeral and burial services.

The funeral home showing, attendants, and mementos are additional costs that can be covered by burial insurance. A minister, music, and graveside service entail additional costs. The gravesite, unsealing and resealing the grave, and a headstone or monument should be added to the list of expenses.The above represent typical funeral and burial expenses, but others may become necessary, as well, such as clothing for the deceased and possibly a funeral dinner for the mourners.

A burial policy can handle expenses like these, and more. All it takes is some efficient planning and a well thought out policy to ensure the money will be available when the time comes. Being prepared with funeral insurance will relieve loved ones of the burden of finding a way to pay for expenses that may be unexpected or exceed the anticipated budget.Burial insurance is a loving way to ease the pain of grief and loss when a loved one passes away. Providing financial security and having plans in order will make a difficult time a little easier for all to bear. Funeral insurance can be arranged to cover various needs based on individual preferences and budgets.


What Is Life Insurance All About

Life insurance is used to protect the financial security of your family when you are no longer around to provide for them. The policies can have a high worth or a low worth, depending on how you had set it up. There are a few types of policies that you can select from. Here is information on two of the most common types of life insurance policies.

One type is called term life insurance. This type of insurance is for a short term, just like how the name describes it. This policy is good only for a specific period of time. For instance, a policy that has a 20 year term will give you coverage for 20 years only, but the price of the policy will not change.  You can get term life insurance from almost all of the life insurance companies, but since the prices are so competitive, you can choose to get a term life from the top life insurance companies and not pay any extra.

The advantage of a term life policy is that the premiums are usually very affordable. You get a high amount of coverage at good premium prices. The drawback is that after your policy term ends, you get nothing for it. So, all the premiums that you had paid into it goes to the insurance company with nothing going back to you.

The other type of life insurance is whole life insurance. The coverage is similar, but the coverage is for your entire life. That means when the policy ends, it will still have cash value that you or your family are entitled to. There is a maturity date to whole life policies. The drawback is that premiums can cost a lot more than the other type, and the amount of coverage that it offers is not as large. Still, many people are still drawn to the fact that the policy is still worth something at the end of its maturity.

No matter what kind of life insurance you choose, you should talk with a professional in insurance to get all the information that you need. Ask him any questions that you have to get full understanding on how it works.


Should I use a credit repair agency?

Credit repair agencies make a lot of promises, but can they deliver?

credit repair, credit score, fixing bad creditYou see them all over the place. They are on television. They are all over the radio. They promise you that they can fix your bad credit in no time. Credit scores drive a lot of the things we do today. It’s not just about getting loans anymore. Credit scores can impact your car insurance rates. Some utility companies will require a deposit from a new customer with a poor credit score in order to activate services. Many cell phone carriers will ask for a deposit from consumers with a low credit score. Because of this, more and more people are willing to look into these companies promising them a future of credit bliss.

The truth is, they cannot deliver on the lofty dreams they advertise. Does that mean they are all bad? Not necessarily. There are a few warning signs you can pay attention for and will be a surefire sign that the company is not legit:

  • The company asks for payment up front for their services. According to the Credit Repair Organizations Act, a credit repair company may not request payment from you until they have completed the services they promised.
  • The company does not tell you your rights and discuss with you what steps you can take on your own to improve your credit for free.
  • The company recommends that you do not contact any of the nationwide credit reporting agencies directly.
  • The company says that even derogatory information that is correct they can get removed from your credit report. No agency can provide this service.
  • The company suggests disputing all the information on your credit report, regardless of its accuracy.

If a company contacts you and you see any of these warning signs, do not do any business with them.

There is only one thing that can improve your credit score in a relatively quick fashion. That is correcting any negative information that is incorrect on your credit report. If there are negative accounts that do not belong to you or things that have been reported incorrectly by your creditors, fixing those mistakes can increase your credit score right away. Outside of that, improving your credit score is a lot like improving your physique; there are plenty of companies promising miraculous overnight results, but the truth is it takes hard work, discipline, and time to improve your credit score.


What Is Life Insurance All About

Life insurance is used to protect the financial security of your family when you are no longer around to provide for them. The policies can have a high worth or a low worth, depending on how you had set it up. There are a few types of policies that you can select from. Here is information on two of the most common types of life insurance policies.

One type is called term life insurance. This type of insurance is for a short term, just like how the name describes it. This policy is good only for a specific period of time. For instance, a policy that has a 20 year term will give you coverage for 20 years only, but the price of the policy will not change.  You can get term life insurance from almost all of the life insurance companies, but since the prices are so competitive, you can choose to get a term life from the top life insurance companies and not pay any extra.

The advantage of a term life policy is that the premiums are usually very affordable. You get a high amount of coverage at good premium prices. The drawback is that after your policy term ends, you get nothing for it. So, all the premiums that you had paid into it goes to the insurance company with nothing going back to you.

The other type of life insurance is whole life insurance. The coverage is similar, but the coverage is for your entire life. That means when the policy ends, it will still have cash value that you or your family are entitled to. There is a maturity date to whole life policies. The drawback is that premiums can cost a lot more than the other type, and the amount of coverage that it offers is not as large. Still, many people are still drawn to the fact that the policy is still worth something at the end of its maturity.

No matter what kind of life insurance you choose, you should talk with a professional in insurance to get all the information that you need. Ask him any questions that you have to get full understanding on how it works.


Why Everyone Needs an Estate Plan

Many people think estate planning is only for the wealthy or the elderly. But estate planning is about protecting your assets for yourself and your loved ones, and can benefit everyone, regardless of age or net worth.

Here are some of the things a good estate plan can help you to do:

• Ensure that your property is left to the beneficiaries you choose.
With no estate plan, your state’s laws will govern how your assets are distributed, and your property may go to people you might not have chosen.

• Make sure that your affairs are managed by someone of your choosing.<br>
In an estate plan, you can name the person who will handle your finances and personal affairs if you become incapacitated and cannot manage them for yourself.

• Decide who will care for your minor children, elderly parents or someone with special needs.
If there is no estate plan that specifies who will continue to care for those you are responsible for, a court may make that decision instead.

• Reduce taxes on your estate.
With proper planning, it is possible to minimize the impact of estate taxes, income taxes and capital gains taxes on your assets so that you can leave more to your loved ones.

• Choose someone to make healthcare decisions on your behalf.
A plan can define how your medical needs will be met and who will make decisions for you should you be unable to make them for yourself.

• Make sure that your business will remain in your family.
If you own a business and have no estate plan naming a successor, your family could lose control of the business or be forced to liquidate it.

• Avoid probate.
A good estate plan can structure your estate so that the expenses and delays involved with probate are reduced or avoided.

• Give you peace of mind.
An estate plan can give you the satisfaction of knowing that your loved ones are provided for and that your affairs are in order.

If any or all of the above reasons is important to you, it is vital to create an estate plan that will protect you while you are alive and those you love once you are gone.