Life Insurance Blog

in Life Insurance

“Learn facts regarding medical insurance reform today”

A resident of Florida has lots of selections to pick from if it comes to Health Insurance. A lot of insurance carriers supply a wide range of plans for distinct health needs.  The various insurance plans which are offered are individual health insurance, group health insurance, Florida health insurance, temporary health insurance, child/student health insurance, and many more.

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The state of Florida has passed health insurance reforms to guarantee quick relief and security to its people. If any citizen of the State of Florida wants to secure insurance, he need to know the facilities accessible and the eligibility conditions for them.  There are numerous Florida health insurance facilities that supply services to unique sections of society. Besides, there are certain regulations that are applicable to people and households.

The various health insurance plans provided in Florida are

1.      Indemnity (Fee for Service): These kinds of plans offer a broad selection of health care providers.  It is necessary to pay the total amount immediately and send the invoice to the insurance provider to receive the refund of the sum as per policy terms and conditions.

2.      Preferred Provider Organization: PPO (Preferred Provider Organization) is an association of medical service providers that has doctors and hospitals.  You can choose any health care provider inside the system, which is determined by your plan.  PPO insurance coverage help you save money but you are required to come up with a co-payment in such options.

3.      Health Maintenance Organization: HMO resembles a PPO program, but the only difference is the fact you need to make a co-payment to an in-network physician.  The HMO approach is not going to refund you the cost accrued if you get services outside the network.  You need to go through a primary care physician if you want to seek services with a expert.

4.      Point of Services (POS): It is very similar to HMO but you can go out of the health care network, if you’d like care. However, in these cases, the strategy will only compensate 50 to 80 percent and you are anticipated to pay co-insurance as well as a insurance deductible.

You can also get non permanent health insurance in Florida. An advantage of Temporary Health Insurance can be you get instantaneous authorization or decline and also it is offered at the most affordable cost possible. Temporary Health Insurance ensures protection for a limited period (up to a maximum of 36 months). Temporary health insurance consists of most health problems, like diabetes type 2.  Even so, it doesn’t cover any kind of pre-existing problems.


January 14th, 2010
in Term life insurance

What is the best term life insurance?  That is an interesting question and how do I determine what that means?

I generally think this can be answered through a basic analysis when selecting the carrier you want to work with.  Which carrier will underwrite me the most favorably based upon my specific underwriting situation?  If you have sleep apnea and take medication for a couple of different purposes, then it might be one carrier.  If you have type 2 diabetes it may be a totally different carrier.  Based upon which carrier will underwrite your situation the best, that will determine your underwriting rating and your ultimate premium.  See what offers a Florida life insurance consultant can help with you. 

Another aspect of determining the best term life insurance for you is what is the company’s financial strength.   Generally you want to select a company that has an A rating or better.   This is something you will want to be comfortable as you select the carrier you work with.

When determining the best term you want to look at your short and long term goals and needs with the insurance.  For example, will you only want the term for the term period?  Will you possibly want to convert all or a piece of the term to permanent insurance?  If you will want this as an option then you want to look at what the term carriers offer as conversion options.   Do they have a good whole life option?  Universal Life?  How long do you have to convert it with no proof of insurability?

These questions might help you if you are trying to figure out what the best term life insurance is.  It is going to be specific to your situation and varies per person.

in Life Insurance

Ponte Vedra Beach, Florida — Many Florida life insurance companies really look at an applicant’s age upon evaluating an individual’s term life insurance premium.  Checking into the mortality rate of a person is the focus when underwriting a new life insurance policy.  Furthermore, mortality can be affected by many things other than just age.  Math experts called actuaries look at many facets of an individuals health and behavior and apply statistical concepts to attempt to predict the future of an applicants potential.  Aside from age, your individual characteristics will play an important role in the cost of you whole life insurance or term life insurance policy.  Your quote for term life insurance may be higher than for another person of the same age due to the following factors:  Read more today about the following factors that contribute to your life insurance premium rate. 

in Life Insurance

Ponte Vedra Beach Life Insurance News — If you are the beneficiary to a life insurance policy after someone dies, you will have to contact the insurance company to file a claim.  There is some simple paperwork involved in this process, the most important of which is the death certificate.  You will want to obtain several copies of this document, and one of them needs to be submitted to the life insurance company.  Shortly thereafter, the claim should be paid.

The insurance company can issue a check to you as the sole beneficiary, but there are other options to consider.  These other options are called “income options”; they involve smaller payments to you over time. 

When deciding how the claim payment will be made, you need to examine whether the benefits will be used to protect a family over time, provide for your own retirement, or if the money is simply needed to pay off large debts and/or taxes.

Taking a lump sum means that one single payment is made for the face value of the policy.  That money can then be used in any way that the beneficiary chooses.  If this is a large sum of money, special consideration should be given to the income potential of the long haul.  Interest earned from a large settlement over time could provide for a steady income if invested properly.

If the benefits will be used for long term then income options should be considered.  The life income option will pay a guaranteed income for a specified period, or for your entire life.  The insurance company will base the payment on your age and gender.  This type of benefit has the security of knowing that the income will always exist for the rest of your life.  This scenario is common with family members who set up a life insurance policy to protect a spouse.  A Joint and Last Survivor payment option will pay the last living person on the policy benefits until they die.

Another payment option is the Specific income provision.  In this scenario, the insurance company pays part of the benefit from the face value of the policy on a regular basis, with interest.  This form of payment may yield a higher regular payment, but the benefit will end when the money runs out.

A perpetual payment option called an Interest Income Option works well if the face value of the policy is large enough to provide adequate income from the interest alone.  This keeps the original policy investment in tact, and simply pays the interest earned from that investment to the beneficiary.  That income can then be bequeathed to another person in the event of the beneficiary’s death.  This option is the ultimate long-term plan for financial security, but it does require a significant claim payout.

A Fixed Period option can be considered as well.  In this scenario, the beneficiary can specify a time for the payout, and the insurance company will calculate what amount can be paid in principal and interest over that period.  This option would work well to support children until they reach the age that they can leave home and support themselves.

Consider payment options carefully when collecting large insurance settlements.  It is important to wring as much interest income over the appropriate time to get maximum benefit from a life insurance settlement.

in Guarantee Issue Life Insurance

Ponte Vedra Beach, Florida (Life Insurance) – 32082 — Learn more from Vince Bagni regarding your options for Guaranteed Issue life insurance plans that are offered without a medical exam.  Did you know they are offered to those who would not qualify for a standard term or whole-life insurance policy.  Have you reviewed this type of policy recently?  Rates are coming in very low. 


There are similar policies that do require a minimal health insurance questionnaire, or perhaps a basic physical as at least some promise that the prospective insurance customer is not terminally ill.  Get a quote today!  Learn more about Guarantee Issue Life Insurance Here…


October 28th, 2009
in Term life insurance

Ponte Vedra Beach, Florida (32082) — Shopping on the Internet is becoming very popular for everything from clothing to cars, and painters to plumbers.  Insurance products are no different and term life insurance in particular has gained a large share of Internet market sales.  As with any type of purchase transaction, it pays to do some homework and become familiar with the products you are purchasing.  Learn more today, Call Vince Bagni, from Paramount Life Insurance to get a FREE analysis.  Read the full article and learn more about online life insurance today.

in Life Insurance

Jacksonville, Florida 32256 — A recent online news report noted that a recent Florida Life Insurance quote engine was launched.  They offer over 150 life insurance carriers you can pick and choose from including the most popular type of life insurance known as term life insurance or term assurance. Consumers are attracted to term life insurance policies for many reasons, and over the past couple of years this type of coverage has become even more popular. If you are interested in buying life insurance coverage, checking out the details of a term policy may be the best place for you to start your search. We can help get Florida residents the best Florida term life insurance rates on the Web.  Our experienced advisors are here to answer your questions and help you with your life insurance planning.

in Life Insurance Quotes

You can see that the Swine Flu seems to be everywhere in the news today.  Did you know that the World Health Organization has raised the threat level of the Swine Flu from epidemic to even a Pandemic?   Many Florida residents are taking strides to be proactive during the crisis by searching for term life insurance. Paramount Life Insurance, a life insurance advisory group, said “The W.H.O believes a global outbreak of the disease is imminent, and people’s knee jerk reaction is to go online and search for life insurance”  Have you checked your life insurance policy lately?  Read more here…

in Life Insurance

Ponte Vedra Beach, Florida — Do you need to protect the financial security of your family?  Obtaining Life Insurance can be a great solution to many future questions that you can’t answer today.   Most  life insurance policies many of the same items in common.   You have to make premium payments to your life insurance provider in return for a death benefit that your carrier will pay to beneficiaries in the event of your death.  Oh, by the way did you know that these benefits are paid income TAX FREE?  You in into a system that in turn will keep your families financial well being secure.  Sounds like a good deal, right?

Did you know that (Permanent life insurance) can also provide a living benefit for various ailments?  Part of your permanent life insurance premium will accumulates cash value on a  tax-deferred basis.  In most instances you can access this cash reserve at any time, for any purpose.  This is known as borrowing against your life insurance policy.   You could use this cash for items like your children’s education, retirement income, and many other immediate needs. It also remains in force during the insureds entire lifetime, provided premiums are paid as specified in the policy.  Consultant with you life insurance planner to see if Term life Insurance or a Permanent life insurance is the policy for you.  Or check out for rates today…

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