Why are Insurance Plans Important?

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by admin March 27, 2012 in Insurance News

All plans cover the points they put forth and if you desire any further benefits out side normal standards, you will be required to pay an additional premium or choose another plan that covers the extra benefit. South Carolina Medicare Supplemental Insurance was initiated in 1992, by the federal government recognizing the rising costs associated with health care in South Carolina. It assures Medicare facilities to all those who are older than 65 years of age and also those who have been on a disability for 25 months.

If you are a beneficiary you will automatically receive all the benefits mentioned in Part A of the plan. Rules for Medicare Part B and D will also be available to you on request. As far as part A is concerned, you can avail it, if you have worked in the US. In such cases, you will not have to pay any premium amount.

This plan that is Part A covers hospitalization charges. Read more…

Singapore to Review Financial Services Sector

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by Danielle Bailey March 25, 2012 in Insurance News

The Monetary Authority of Singapore (MAS) announced this week that it will conduct a major review of the country’s financial advisory industry in a move which could potentially change the way investment, savings and insurance products are sold to consumers in the Asia Pacific nation.

News of this upcoming government examination, titled the Financial Advisory Industry Review (FAIR), first came in the keynote address given by MAS Managing Director Ravi Menon at the Life Insurance Association’s 50th Anniversary Dinner on Monday night. In his speech, Menon explained that the goals of FAIR will be to improve the professionalism and competence of financial advisers and insurance agents in Singapore through the creation of a more competitive and efficient remuneration and distribution system. Thi

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Adults Put Life Insurance in the Backseat

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by Danielle Bailey March 19, 2012 in Insurance News

The number of U.S. adults with life insurance protection dropped to an all-time low in 2011, says a study conducted by the Life Insurance Market and Research Association (LIMRA). The worldwide insurance and financial association revealed that 41 percent of American adults had no life insurance coverage at all last year.

95 Million Adults without Life Insurance Policies

The LIMRA study revealed that nearly half of all U.S. adults are going without life insurance policies. This amounts to approximately 95 million people.

The study found that the likelihood of going without life insurance coverage has dramatically increase for every age group since 2004. While men are more likely than women to carry life insurance policies, both saw a significant lack of coverage with only 61 percent of men and 57 percent of women having some sort of life insurance.

Instead of purchasing life insurance coverage independently, the LIMRA study found that more U.S.

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10 Overlooked Discounts

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by Danielle Bailey March 10, 2012 in Insurance News

Chances are that you’re not taking advantage of some valuable discounts. I’m not talking about coupons that you have to spend hours clipping and organizing so that you can pay only $1 for $100 worth of groceries. I’m referring to hassle-free discounts that are easy to score.

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Kendal Perez, creator of HassleFreeSavings.com , says that consumers may not be aware of many discounts that cross their paths every day. Here are ten that she says are commonly overlooked.

Receipt coupons. Don’t just shove your receipts into your bags after a trip to the store. Not only should you review them to make sure you weren’t overcharged, but also you should check them for coupons that you can use the next time you shop.

Catalina coupons. Similar to receipt coupons, Catalina coupons are usually printed from a small machine at the register, Perez says. These coupons are triggered by your purchases and provide discounts on products you typically buy.

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