Term Life Insurance and Whole Life Insurance benefits are available with the Fundamental Life Series I policies and range from $1,000 to $20,000 in benefit payout. The Term Life Policy (10-Year Renewable Term Life) can be issued to persons aged eighteen to eighty and cover a ten year term which will automatically renew itself for an additional ten year term. No matter what health changes you may experience during your term of coverage, your premiums will remain the same. Whole Life Policies that cover ages newborn to seventy-two (21-Pay Increasing Benefit Whole Life) last for the life of the member and grows a cash value from the payment of premiums. With this policy, the premiums remain unchanged for twenty-one years and the policy is then considered paid. The Whole Life policy for persons aged zero to eighty (Whole Life) also lasts the lifetime of the insured and builds cash value, but with this policy the premiums remain the same for the entire time of the policy.
The Fundamental Life Series II provides life insurance benefits that range from $25,000 to $500,000. The 10-Year Renewable Term Life can be issued for newborns to age sixty and is a ten year term life insurance policy that has a renew option for another ten year term. The premiums do not change during the term. The 10-Year Renewable Term to Annual Renewable Term policy can be obtained for someone aged twenty to seventy and provides coverage for ten years which can then be renewed on a yearly basis. During the initial ten years, the premiums do not change. A 20-Year Renewable Term to Annual Renewable Term option is also available and is the same as the 10-Year option but is good for an initial twenty years. However, it is only available to persons aged twenty to sixty. Whole Life can be purchased for newborns through age eighty and the policy has a lifetime fixed premium with a growing cash value benefit.
Deciding on how much life insurance is needed is frequently up for debate. Usually it is considered a good idea for the person providing the most income to carry the most life insurance. However, partners that do not provide an income should also consider life insurance if they have a dependent and provide full time child care to that dependent, as that is an added expense that needs to be factored into the equation. In general, you should have enough coverage equal to five or six years your annual income, dependent upon on if you have a life insurance policy at work that provides coverage for one year or so. When determining your life insurance needs, you should also factor in social security benefits that your dependents will receive on your behalf. Life insurance is a benefit for your dependents, so their future needs must be considered when determining an appropriate policy.
Monday, 27 June 2011
Products Offered by United American Insurance Company
Supplemental Health Insurance Policies are offered as additional coverage to your current medical insurance plan or as basic coverage for people who cannot afford full coverage or are unable to obtain full coverage for other reasons. The plans vary greatly in order to provide you with a number of options so that one is likely to meet your needs. The Freedom Signature Series was developed for people who need low cost health care coverage but can’t get a major medical policy and the Foundation Signature Series was created as a supplement for people who have major medical or for people who need coverage but can’t afford high premiums. Other choices include The FlexGuard® Plus Hospital and Surgical plan, the Good Sense Plan Hospital and Surgical, and the Common Sense Plan. There is also a HSXC Hospital & Surgical plan, a SHXC Hospital and Surgical plan, a SMXC Surgical and Medical plan, and a MMXC Hospital and Surgical plan. Also available is the UA-250 Accident Compensation Plan. For California residents, there is the Tradition Signature Series option.
United American Financial Strength Ratings
For stability, United American Insurance Company has received a financial strength rating of A+ from A.M. Best Company for 30 years in a row. It also maintains an AA- rating from Standard & Poor. In 2007, they processed over six million claims and the average time it took to process a Medicare Supplement claim was a little over four days. Most Medicare Supplement policies were issued in a little more than eight days and all policies in general were issued in approximately ten days, backing up their dedication to customer service.
For quality, United American Insurance Company guarantees that as long as you always pay your premiums on time your policy will be renewed. They also offer flexible benefits that adjust with your needs, the choice to go to any doctor you want since there is no network or set selection of providers, and unaffected benefits if you move out of state or change jobs. Regardless of what the future holds, they claim they are committed to being there for their current participants as well as future members.
For quality, United American Insurance Company guarantees that as long as you always pay your premiums on time your policy will be renewed. They also offer flexible benefits that adjust with your needs, the choice to go to any doctor you want since there is no network or set selection of providers, and unaffected benefits if you move out of state or change jobs. Regardless of what the future holds, they claim they are committed to being there for their current participants as well as future members.
United American Health Insurance Company
United American Health Insurance Company is more than a health insurance provider. It offers cancer and critical illness insurance, group insurance, health insurance, life insurance, and Medicare Supplemental and Part D coverage.
Founded in Texas in 1947, United American Health Insurance Company operates as United American Insurance Company and is now available in all of the United States except for New York. It is also licensed in the District of Columbia and Canada. Steadfast to its original values, United American Health Insurance Company maintains its belief in commitment, quality, service, and stability to its participants. United American is a highly rated company but consumers should be aware that UA health plans are notorious for having very limited benefits.
Read through this United American review, take a look at the customer reviews of United American health insurance at the bottom of this page, and then compare free health quotes from top health insurance providers by entering your zip code into the box on the side of this page.
Founded in Texas in 1947, United American Health Insurance Company operates as United American Insurance Company and is now available in all of the United States except for New York. It is also licensed in the District of Columbia and Canada. Steadfast to its original values, United American Health Insurance Company maintains its belief in commitment, quality, service, and stability to its participants. United American is a highly rated company but consumers should be aware that UA health plans are notorious for having very limited benefits.
Read through this United American review, take a look at the customer reviews of United American health insurance at the bottom of this page, and then compare free health quotes from top health insurance providers by entering your zip code into the box on the side of this page.
Compare AARP Health Insurance Quotes
Choosing insurance when you are over 50 can seem like a daunting task. However, AARP Health Insurance offers many options for coverage. You can use the comparison tool on the page to compare rates and coverage right now to find a plan that is right for you. You can also contact an independent agent with any questions you may have. So enjoy the retirement years with peace of mind that your health needs will be covered at a price you and you family can afford. Take less than a minute to type your zip code above and start getting quotes from top health insurance providers today!
Additional AARP Health Insurance Coverage Options
AARP also offers additional coverage for both age groups. AARP Long Term Care Insurance offers protection for those who do not want to be forced to use their retirement savings to pay for long term care in the future should the need arise. AARP Dental Insurance offers basic dental coverage for common procedures only. It gives you the flexibility to choose your own dentist. AARP Vision Insurance offers discounts on lenses, contacts, frames, and exams. AARP Prescription Discount Program allows you to get prescription drugs at a discounted rate at your local pharmacy or through the mail.
In additional to these coverage options, AARP offers fitness incentives through discounts to fitness facilities along with tips on how to stay healthy at any age. If you need medical supplies AARP Medical Supply Services can arrange for home delivery on some supplies that are covered under Medicare.
In additional to these coverage options, AARP offers fitness incentives through discounts to fitness facilities along with tips on how to stay healthy at any age. If you need medical supplies AARP Medical Supply Services can arrange for home delivery on some supplies that are covered under Medicare.
AARP Health Insurance Plans For Those 65 And Older
For those 65 and older the insurance plans change somewhat. This is because at age 65 Americans become eligible for Medicare through the Federal Government. These plans are designed only for those who are eligible for Medicare in order to provide the most coverage at an affordable price.
AARP MedicareComplete is the most comprehensive of the plans for those 65 and over. This plan covers everything that is covered under Medicare. But, in addition to this, it provides fitness benefits and coverage for prescription drugs. Also, this plan does not have limitations on pre-existing conditions so transitioning to this coverage can go smoothly no matter what pre-existing conditions you may have.
The next plan for this age group is AARP Medicare Supplement. This plan is very basic. Its purpose is to supplement what is already covered by Medicare and to provide coverage for some of the medical situations not covered by Medicare. Depending on your medical needs, adding this plan may cost less than what you would pay out of pocket without having this coverage.
The last plan in this age group is AARP MedicareRx. This plan is solely to provide for prescription drug coverage. Though some prescription drug coverage is provided under Medicaid, not all prescriptions are covered. This can leave those who are 65 and older with difficult choices when it comes to filling prescriptions. AARP MedicareRx can help offset some of the cost of prescriptions making it easier to get the medication you need when you need it.
AARP MedicareComplete is the most comprehensive of the plans for those 65 and over. This plan covers everything that is covered under Medicare. But, in addition to this, it provides fitness benefits and coverage for prescription drugs. Also, this plan does not have limitations on pre-existing conditions so transitioning to this coverage can go smoothly no matter what pre-existing conditions you may have.
The next plan for this age group is AARP Medicare Supplement. This plan is very basic. Its purpose is to supplement what is already covered by Medicare and to provide coverage for some of the medical situations not covered by Medicare. Depending on your medical needs, adding this plan may cost less than what you would pay out of pocket without having this coverage.
The last plan in this age group is AARP MedicareRx. This plan is solely to provide for prescription drug coverage. Though some prescription drug coverage is provided under Medicaid, not all prescriptions are covered. This can leave those who are 65 and older with difficult choices when it comes to filling prescriptions. AARP MedicareRx can help offset some of the cost of prescriptions making it easier to get the medication you need when you need it.
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