Is finding affordable health insurance in Alabama difficult? Or are you expecting something for little cost? What are you comparing other company plans to? In the great state of Alabama, we've made blue cross synonymous with insurance. We have given them the power to control our health needs. Once they don't pay as we want or they raise the rates we start complaining. Do we not understand that there is affordable health care in Alabama. There are several companies that sell major medical plans to Alabamians at lower costs than Blue Cross. The major issue is we don't understand health insurance well enough to research. We either rely on an insurance agent (which there few who even sell health ) or we give in to the name we have learned to trust. One must question how did they gain our trust? Is it because they pay timely? We know several doctors that would not totally agree. They pay just as an average health care company would. Is it because they extend their services to us? Actually most agree that customer service is not the greatest, they are so large their employees have to read from a screen about your plan. So how did they gain our trust? They were very good at "branding" themselves. The marketing concept "the more they see it, the more likely they will remember it." As blue cross continues to get larger the more visable they become, therefore training each generation to see them the same way. How do we get out of this trap? EDUCATION! Learn what the difference between copay, deductible, and coinsurance then do the research!! If you are looking for Affordable Health insurance in Alabama, Georgia or Mississippi I will be glad to help you find the right plan that fits your needs. www.havingaplan.com

Our views about health insurance.

Most consumers do not understand that the more they use their health insurance, the more likely the insurance carrier will raise the premium at policy anniversary. A common remark from the public is " Why should I pay this much for something I haven't used." Let me ask you why do we look at health insurance as if it was a consumable product? We pay for Auto and Home insurance and we never complain that we are paying a premium for something we are not using. We never feel like we should get in a car accident to make our auto insurance useful do we? Since your use is tied into your cost, think about it before you go to the doctors for the sniffles.

Should I get term over whole life?

This is a very important decision because life insurance is based on age and every day you approach death it gets more expensive. I recommed a guaranteed death benefit Universal Life. It is kind of in the middle of term and whole life. It isn't much more expensive than term and provides a stable premium. It builds interest as well, which is later used to pay on the policy so your premium isn't rasied. I recommed this because although the "invest the diffence " method is a great "idea", noone knows what the future might bring. To give you an example of why that is not guaranteed to work.

Example one: Purchase cheap term at age 24. Invests so many dollars every month (if you are discipline.. which most of us are not ). You have a baby and get married at age 30. You and your husband want to buy a house and you need to pay off bills to put yourself in a better position, you cash in your investments to use towards this. Your intentions are to continue to invest but somehow the new responsiblities of a family prohibit you from being consistant. Now you are 38 years old and have diabeties. Your term premium guarantee will run out in 6 more years, so you decide to upgrade your policy. The cost will now be based on a 38 year old with diabeties versus a healthy 24 year old. In other words noone knows what life will bring so it is better to be proactive than reactive. My clients pay about $25.00 a month for a guar. Universal life policy which the premiums will stay the same. Talk to insurance agents who tell you that term is better cuz it's cheap, ask them what percentage of people die with term. The answer will be less than 10%. Which is why many die without life insurance. They had it at some point and the term expired and couldn't afford the insurance at that age. Besides companies stop writing term at the age of 80 years old, so when you die after that then what? If you have a nice nest egg great!! But in this economy that is getting harder to do so don't depend on that. Not to mention where,. who and how you invest the money is another can of worms..to make sure it grows. Those decisions must be wise! It is better try to make the right one the first time.Good luck you can go to this site and it will give you some more insite on the type of insurance pros, and cons.

Does any insurance cover someone with Diabetes?

One of factors is if you insulin dependent or not. Also, have you been hospitalized in the last year. If the answer is no than yes there is one plan that does cover with Assurant. They do a markup by a small percentage. Also, you may want to look into medical indemnities as well. They usually do not have pre-existing condition clauses and you don't have much of a wait period if any. One that is really good is called First Med from John Alden. I am a licensed broker. If you need additional help I will be glad to.

Is there any health insurance for college students?

You have a few options depending on your health. If you are healthy, there are a couple of companies that offer short term medical, which is renewable. Some of my clients get it if they have less than two years left, or when they graduate and come off their parents insurance, before a job. Secondly you can just purchase an individual health plan from several carriers. Since you are in college I would guess you are in the 20's, therefore the cost should be cheap. What you want to do first is evaluate how you will use your insurance. If you don't go to the doctor much than you might want to purchase an individual health plan with limited doctor visits (ex 4 sick visits) These plans are great and less expensive. Lastly, you also have the option of indemnity medical insurance. These are plans that pay for specific services with a specific amount. These plans don't usually carry a waiting period, deductible and are illness friendly (meaning some conditions are okay). These are the cheapest. I have college clients who like these because they have coverage but since they are really only concerned "if something happens" the price and coverage is right. Go to the link below and read some helpful insurance tips. The second link will allow you to quote, compare and apply, also click on the individual and family, it will go over the pro's and con's of the different health plans (HMO, PPO, and so forth)

How much is Health Insurance

That will depend on your age and health if you are seeking individual. The younger you are the cheaper. If you smoke it will be more. If you have high blood it usually is more expensive. The best way to find out is go to http://buy-insurance-plans.com/ and you can put in your age and zip and it will give you a quote from different companies, you can compare and you can apply if you like. Also, subscribe to this blog to keep you in the know of what you are buying.

I have a child, how much life insurance do I need?

First eliminate the debt factor. Debts die with you, the only time they might possibly carry over is if you have a cosigner. Some will harass your spouse but if you didn’t sign the loan, you can fight it.

Second, the monies will be put in a trust until he/she is 18years old. Therefore, you want to leave a small amount for who will be the care taker. However, keep in mind your child will get your social security until the age of 18. Depending on how old you are that could be a few hundred to the care taker each month. It is wise to leave a little money for her to whoever will have her even if you are married.
What you want to base your amount on is the following….
Cost of college education? (which will go in the trust)
If you have any assets they will inherit (i.e. house, retirement, Ira’s)
If you take how much you spend on average on dependent needs per year and multiply it by the amount of years before they reach 25 years (college age) that will tell you what the cost will be to keep her custom of living the same. (This is the amount you will leave to the care giver. )
Burial’s are about 10K for a decent one.Add it up and you will have a total. On the life app put what part goes to the childs trust and the caregiver as the second beneficiary and what part goes to them.

Lastly as far as the type. Read on the differences of life Insurance. Whole life is great, however be careful agents will sell you on the fact that you should get whole because of cash value. Insurance is not an investment. The cost of the policy over a term for that amount, in many cases nets the cash value a.k.a. you put the cash in the policy, which is why it is the most expensive. A good choice is a universal life policy. You can get more for your dollar than whole life, the premium stays the same (get a target guaranteed UL), it builds up some value but towards later years in life it is used to pay down the policy so the cost doesn’t go up.

Example: 7 year old girl (good health)
10K whole life estimated to be $8.06. (Depending on the Life Insurance Company.)
25K universal life guaranteed death is estimated to be $9.09.