Important Points Regarding Pet Insurance Policy


Before deciding the pet insurance policy we need to take into account few of the important points which help us in deciding the suitable policy.

  • Age of pet matters most

The insurance policies mainly depend upon age of your pet. Most of the policies are for the young pets and it is difficult to find suitable policies for older pets and it is because older pets are prone to diseases and require treatments. Most insurers prefer younger pets below the age of 8 years.

  • Get Life time policy

The best way to get pet insurance for your pets is life time insurance policy when the pets are young. Of course the life time policy is not cheapest one but it covers the pet for life time and also covers any long term illness too.

  • Cover for pre-existing conditions

The pet insurance policy is taken along with the pre-existing conditions. Without any pre-existing condition, the policy will be considered as void. Some of the insurance companies do not offer cover to the pre-existing conditions.

  • Swapping policies

Switching or swapping policies is possible only according to pre-existing conditions. For the annual policies or for life time policies, the reason to swap the policies is the increased premium. But the premium gets increased due to the claim made and once you make the claim, either you have to get a new policy from other insurer or you try getting cover for the treatment given for the existing condition.

  • Excess fee

The excess fee is the amount you pay at the beginning while deciding the policy and claim later. For some insurance policies the amount to be paid as excess is based on percentage and for other policies it is part of flat rate. It is also called co-insurance excess and can be expensive, while paying for big vet bills. While selecting a policy for your pet, choose the one with minimum excess to be paid at one time. Also make sure that excess rate doesn’t go higher as your pet grows older. There are low cost insurance policies with low premium but higher excess fee.  Always choose the right policy so you will have limited excess.

Have a good deal

  • Always buy the insurance when your pet is young and healthy. Finding insurers for older and unhealthy pets is very difficult.
  • Never choose a policy which covers vet bills only for one year. Then you may not find insurers who will be ready to cover the vet bills for life time.



Health Insurance

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The new Covered California health insurance marketplace offers a wide range of affordable health plans for you to choose from. Whether you are self-employed, or looking for coverage over and above what your employer currently offers, there is a plan that will likely meet your needs. Federal regulations require that health plans operating under the Affordable Care Act (ACA) meet certain access requirements. In California, those requirements include timely access to healthcare providers, as well as geographic access standards.

Here is a general guide to individual health insurance that you can refer to when choosing a plan. And do not forget these important dates regarding open enrollment for 2016.

Provider Networks

When selecting a health insurance plan, it is important to verify the plan’s provider network of doctors, hospitals, nurse practitioners, therapists, and other health care providers. It is equally important to understand what is not covered as well. Understanding your plan’s provider network helps you save money, receive better care, avoid unexpected fees and costs, and be happier with the care you receive.

Out-of-Network Care

You are not restricted to health care providers in your network, but should you decide to use one outside of your network, health insurance will cover less resulting in a higher out-of-pocket cost for you, except in the case of emergencies.

Provider No Longer in Network

If your health care provider leaves your network, you will generally need to find a new doctor inside the network, and most plans will assist you in doing so. As a rule, a health plan’s continuity of care policy allows a patient to continue care with a doctor no longer in the network for a certain period of time at the lower cost-sharing rate.

Cost-Sharing Requirements

Each plan has different cost-sharing requirements. Typically, your overall share of costs is a combination of the premiums you pay plus any other co-payments, co-insurance or deductibles for which you are financially responsible.

How to Find a Doctor

In most cases, the plan you choose will have a list of doctors who accept your insurance. The Medical Board of California offers some great tips on choosing a doctor:

  • Ask friends, family or co-workers about physicians they like.
  • Ask your county medical society or association for names of physicians in your area.
  • Once you have some names, call and ask if the doctor is accepting new patients and whether they accept your insurance plan.
  • Check with the Medical Board to verify the physician has a current California license.
  • Meet with the physician and consider having a physical done to determine if this is the doctor for you and your family.

Top 10 Life Insurance Tips

Although most adults have heard of it, few seem to understand exactly how life insurance works or is supposed to work. To an extent, this is because the industry is shrouded in mystery. Those tax collectors extraordinaire called “Congress” are always targeting this highly tax-sheltered industry, for one thing. For another thing, life insurance is rather like oxygen: you never think about it until you don’t have any access to it, and you may find it hard to understand why anyone should make you pay for it. Life insurance agents often say that selling life insurance is like selling air, too: they have nothing tangible to offer the person who buys it. Cash value life insurance was created in large part to address this hazard, but it’s still basically the same. It’s called life insurance, but it only pays when somebody is dead.

So, in light of that, it can be hard to pick a decent policy. Here are 10 tips for knowing how to be assured that you got something good for your premium dollars.

1) Do you know if you really need coverage? Now, granted, there are more people without life insurance who need it, than there are those with it who don’t. But, still–how do you know? The life insurance industry has a conflict of interest: it often tries to sell (more) insurance to those who don’t need it. There are simply too many agents who work on commission. So–how do you know if you need coverage? Essentially, you need coverage if you are still building your fortune. Life insurance is foremost a bridge between the risks of starting out financially and becoming what they call “self-insured”. If you have a net worth that is at least eight to ten times your annual income, and you have a typical sized family (a spouse and one to three children), you likely don’t need life insurance. So, if you make $60,000 a year and you are worth at least $480,000 to $600,000, you want to have a serious talk with a financial advisor to see if you truly should have coverage. (You still might, but it gets complicated.)

2) You need to select the right type of life insurance. There are so many products out there now that you can easily tailor a financial plan, which typically includes life insurance, to suit your specific situation. Don’t get sold by an agent looking to make a hefty commission. Just pick what you need. Again, talking to a broker can work wonders here.

3) How much life insurance is enough? As alluded to above, probably eight to 10 times your annual income. That may sound extreme, but you’re going to want above all other things income replacement for your left behind loved ones. That amount can be mostly invested while also paying off expenses.

4) You need to select the right features for your policy. This might vary from person to person, but the cardinal rule is: be highly skeptical of riders. You probably don’t need one.

5) Avoid getting scammed. The greatest life insurance scam is churning: an agent from your company sells you a new “free” policy that is financed by cash value from your already in-force policy. Yeah, right. Other scams might include selling you on an increasing premium term policy that starts off cheap, but churning is the biggie.

6) When picking an agent, always start with the big-name companies. But also consider brokers. And meet with a handful before you go with one. Non-brokers want to sell you on the very first meeting. Remember that.

7) When preparing for your medical exam, you probably don’t want to drink alcohol or eat a heavy meal within 24 hours of the exam. Drink plenty of water and eat filling but balanced foods. Avoid lots of sugar and high fat contents, too. If you are sensitive to caffeine, avoid that for a day or two before, too.

8) If you want to challenge your medical exam’s results, try to find some discrepancy between the parameds and what your doctor says. “If we’re given both a paramedical lab result and that same test done in a customer’s physician’s office, we’d give more credence to the physician every time,” are the words of Dr. Robert Watson, secretary and treasurer of the American Academy of Insurance Medicine, a man who works with life-policy underwriters.

9) If you closely examine your policy and do some research once you have one, you may find it’s not suited to you. If it’s in the first 30 days of the policy you have a right of recision for a full refund. To get rid of a policy you can simply stop paying the premiums. Contrary to belief and some shady practice, collection agencies cannot try to make you pay for a policy you stop paying on–you simply lose coverage. If you try to surrender or stop paying on a policy, if you got it through a single company (not a broker) an agent will come to try to save the policy. Keep that in mind. You’re also allowed to get replacement coverage, which requires a great amount of paperwork on an agent’s part.

10) So–what’s the best life insurance for you? In normal circumstances, either term life or variable universal life. If you have special circumstances, consult a broker or your trusted agent, but otherwise don’t let anybody sell you different.

Getting Health Insurance

The Obamacare Open Enrollment Period ended about a month and a half ago, and many people still find themselves without health insurance. Some may not be able to comfortably afford a plan, couldn’t make a decision on what to buy, and maybe some just plain forgot. Now many people find themselves wondering how to go about getting health insurance outside of Open Enrollment.

Qualifying Life Event

In order to enroll in a major medical plan outside of Open Enrollment, individuals must have a qualifying life event, such as getting married, having a baby, moving to a new state, and other scenarios. When such an event occurs, this triggers a Special Enrollment Period, allowing someone to enroll in a plan.

If a qualifying life event does not occur, but someone is still interested in getting health insurance, there is an alternative. Short-term health insurance has some key differences from major medical health insurance, but still offers some great benefits to tide a person over until they can get other coverage.

Short-term Health Insurance

A short-term plan will function similarly to a major medical plan. When reviewing available plans, there is a breakdown of deductible and copayment amounts, maximum coverage limits, etc. available for each plan. They will vary by plan, which provides the health insurance shopper with many options. If someone is just looking for basic coverage that protects against big, unexpected emergencies, there will be a plan that works well for that scenario. Others who know that they will want copayments for office visits and prescriptions can find a plan to fit those needs as well.

Regardless of why someone cannot enroll in a major medical plan, one of the biggest benefits of a short-term plan is that it typically costs much less than a major medical plan. As with any plan, prices will increase with a short-term plan as the coverage amount increases. For instance, a low deductible will likely result in a higher premium. This is the case with virtually any type of plan. The more protection you have, the more it costs. Again, though, generally speaking you will pay less for a short-term plan than for a major medical plan.

These plans are no doubt helpful when traditional major medical insurance is not an option, and some people may even prefer a short-term plan over major medical. However, as its name implies, short-term insurance is not intended to be a permanent insurance solution. For this reason, many plans are only available up to a year. However long the term, once the plan ends, it must be reapplied for. There is no guarantee it will be approved.

Another key factor to note when considering this insurance is the fact that pre-existing conditions are not covered. If someone applying for a plan has diabetes, anything related to that condition will not be covered. However, even without pre-existing conditions being covered, new conditions will be. Having protection for new ailments is definitely more than anyone would have without any sort of health insurance, and that’s important to remember.

Finally, remember that you are required to have an Affordable Care Act-compliant health plan. Short-term health insurance plans do not fall into this category, so depending on your specific situation, you may face a penalty at tax time for not having ACA-compliant health insurance.

Whatever the reason you can’t get major medical insurance, keep short-term plans in mind. They definitely offer enough coverage to tide you over until you can get a major medical plan, and you can select the amount of coverage that works best for you. The benefits of short-term plans definitely outweigh the cons of not having any health insurance.

How To Sell Insurance

Most agents have not adjusted their marketing strategies to learn the new ways on how to sell insurance.

So many agents focus every day of the month on how they are going to get their 10-25 leads for that day. They will do their telemarketing, cold calling, door to door, 1000′s of mailings, buy leads, etc. They are spending so much time in their day, going after individual leads, that they don’t realize that they are actually digging a long term hole. If you have to start every month doing the same routine and trying to get you 10-25 leads/day, and manually doing everything, the cycle will never end, and soon you will burn out. That happened to me. But then I met an agent a few blocks down. I saw that he had a nice small office and it seemed like a new car every month. I had to figure out what this little agency was doing. At this time, I had no idea, what I was getting into.

That’s When I learned How to Sell Insurance

I learned that he was a graphic designer, in his past career. Hew was willing to tell me what he was doing, because he was getting all the business he ever needed. Now, all the stuff he started talking to me about was way over my head, but it made sense from the beginning.

The point is, is that people like technology to research and buy things online. People are discovering that they can buy anything they need online and get it done quickly. With peoples busy schedules, online research and buying is the way to go.

The Number #1 Tip Is to Get Your Agency Online

Your agency needs to have a website (email collecting, quote request website), and a Facebook business page. The goal for this is to collect emails and contacts month after month, so you can send them free information on your agency. While all this is building, you can keep doing the Cold calling and telemarketing, but after a few months, the internet leads will be flowing in. You will not have to worry. Imagine when people go online and search for auto insurance or life insurance and see your agency with your picture on the first page all over the place. Most likely they will click on your post.

There are hundreds of millions of people on Facebook every day. Imagine if you could develop a “friend” list, make it viral and send out a weekly advice tip, on how you could make their life better. You would make the one post and get it out to several thousand people. Over time, leads will be contacting you month after month.

Knowing how to sell insurance is not a skill, it’s a system. Closing the sell, is the skill. Insurance agents need to understand that the insurance business is all about marketing now days. This is my daily tip on how to sell insurance.