TodayInsurance.net

1. Buying based on Fear

Although there are cases where an individual may require Long Term Care services for
10 years or more due to Alzheimer s or other chronic illnesses, these cases are infrequent. Out of $1Billion dollars spent on actual claims by insurance companies over the last 10 years, 98% of all claims were closed in 60 months. 93% of all claims were closed in less than 36 months. If you buy a policy that covers care for 5 years, you will be covering 98% of the statistical risk. Be careful if you do not have the resources to
cover costs over this amount of time. If you buy a Lifetime plan, consider reducing the daily benefit and self insuring part of the cost.
Some companies offer a “Shared Care Rider” that will allow you to borrow benefits from your spouses policy allowing you to save money while still getting a great policy.

2. Buying the lowest price

Some insurance companies may underprice their policies to attract buyers. The pric (more...)

As the days grow shorter and summer becomes a memory, many of us will be turning our thoughts towards planning a winter vacation, especially one involving winter sports such as skiing. Travel insurance is an often overlooked part of holiday planning, but if you plan on taking part in sporting activites then it really is essential.

A normal travel insurance policy will probably not be up to the standard you need for winter sports, and if things go wrong you could be left facing a huge bill. So what features should you be looking for in a policy?

- Injury Cover

No matter how accomplished a skiier you are, hurtling down a mountain is always going to be more risky than simply lying on a beach working on a tan. And if you do have an accident, a mountainside isn t the easiest place for medical services to reach. If you re unlucky enough to need a mountain rescue or airlift to hospital, you ll be facing a bill running into the thousands even before you get medical attention. This sort of exp (more...)