Obtaining good student health insurance while you are studying overseas is a real necessity to protect you from minor and catastrophic medical expenses that can wipe out not only your savings, but you dreams of an education abroad.
There are often two different types of student health insurance you can consider buying: international travel insurance and student health insurance in the country where you will be going. An international travel insurance policy is usually purchased in your home country before you go abroad. student health insurance generally covers a wide variety of medical services, and you are often given a list of doctors in the area where you will travel who may even speak your native language. The drawback of student health insurance might be that you aren't reimbursed for your medical expenses immediately. In other words, you may have to pay all your medical expenses and then later submit your receipts to the student health insurance company.
On the other hand, getting student health insurance in the country where you will study might allow you to only pay a certain percentage of the medical cost at the time of service (commonly called a co-pay), and thus, you don't have to have sufficient cash to pay the entire bill at once.
Whatever you decide, obtaining some form of student health insurance is something you should plan before you go overseas rather than waiting until you are sick with major medical bills to pay off.
Friday, October 24, 2008
Term life insurance
Term life insurance is life insurance which provides coverage for a limited period of time, the relevant term. After that period, the insured can either drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary. Term life insurance is often the most inexpensive way to purchase a substantial death benefit on a coverage amount per premium dollar basis.
Term life insurance is the original form of life insurance and Term life insurance is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life, and variable universal life.
Term life insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired, and does not expect a return of Premium dollars if no claims are filed. As an example, auto insurance will satisfy claims against the insured in the event of an accident and a home owner policy will satisfy claims against the home if it is damaged or destroyed by, for example, an earthquake or fire. Whether or not these events will occur is uncertain, and if the policy holder discontinues coverage because he has sold the insured car or home the Term life insurance company will not refund the premium. This is purely risk protection
Term life insurance is the original form of life insurance and Term life insurance is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life, and variable universal life.
Term life insurance functions in a manner similar to most other types of insurance in that it satisfies claims against what is insured if the premiums are up to date and the contract has not expired, and does not expect a return of Premium dollars if no claims are filed. As an example, auto insurance will satisfy claims against the insured in the event of an accident and a home owner policy will satisfy claims against the home if it is damaged or destroyed by, for example, an earthquake or fire. Whether or not these events will occur is uncertain, and if the policy holder discontinues coverage because he has sold the insured car or home the Term life insurance company will not refund the premium. This is purely risk protection
What is Unemployment Insurance?
Unemployment insurance is a form of social insurance, administered by Michigan's Unemployment Insurance Agency (UIA). It is designed to provide unemployment benefits to help workers replace some of their lost wages after they have become unemployed through no fault of their own, such as by a layoff.
The benefits of Unemployment insurance allow workers enough time to look for a job reasonably similar to the one they had. It also helps an employer by keeping experienced workers in the area and available to return to the employer when times get better. Finally, Unemployment insurance helps the entire community during an economic downturn, because Unemployment insurance benefits are spent locally to buy food, clothing, Unemployment insurance is like fire insurance you carry on your building, or health insurance you carry on yourself, your family, and your employees. Insurance is a fact of business life. Unemployment insurance protects against the uncertainties of the future. Unemployment insurance works the same way, except that it is not optional, and the "premiums" you pay are in the form of a tax.and other necessities of life that local merchants sell
The benefits of Unemployment insurance allow workers enough time to look for a job reasonably similar to the one they had. It also helps an employer by keeping experienced workers in the area and available to return to the employer when times get better. Finally, Unemployment insurance helps the entire community during an economic downturn, because Unemployment insurance benefits are spent locally to buy food, clothing, Unemployment insurance is like fire insurance you carry on your building, or health insurance you carry on yourself, your family, and your employees. Insurance is a fact of business life. Unemployment insurance protects against the uncertainties of the future. Unemployment insurance works the same way, except that it is not optional, and the "premiums" you pay are in the form of a tax.and other necessities of life that local merchants sell
Insurance
Insurance in its basic form is defined as " A contract between two parties whereby one party called insurer undertakes in exchange for a fixed sum called premiums, to pay the other party called insured a fixed amount of money on the happening of a certain event."
In simple terms it is a contract between the person who buys Insurance and an Insurance company who sold the Policy. By entering into contract the Insurance company agrees to pay the Policy holder or his family members a predetermined sum of money in case of any unfortunate event for a predetermined fixed sum payable which is in normal term called Insurance Premiums.
Insurance is basically a protection against a financial loss which can arise on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection. By paying a very small sum of money a person can safeguard himself and his family financially from an unfortunate event.
In simple terms it is a contract between the person who buys Insurance and an Insurance company who sold the Policy. By entering into contract the Insurance company agrees to pay the Policy holder or his family members a predetermined sum of money in case of any unfortunate event for a predetermined fixed sum payable which is in normal term called Insurance Premiums.
Insurance is basically a protection against a financial loss which can arise on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection. By paying a very small sum of money a person can safeguard himself and his family financially from an unfortunate event.
Subscribe to:
Posts (Atom)