The Individual Health Insurance Plan

Health insurance provides us with a financial safety net in the event of injury, or accident. Depending on the policy you have, your health insurance plan covers some, most, or all of your medical expenses. While most workers receive some sort of health insurance through their employers, there are circumstances where workplace, or other group coverage options are not available. To protect themselves, those people without any group insurance option must consider an individual health insurance plan.
Here are some examples of situations in which an individual health insurance plan may be necessary.
Self-Employed People
Just like anyone else, the self-employed person needs to have health insurance, and an individual health insurance plan is usually the only option. Many self-employed persons are, in fact, the only employee in their company, and as a result are unable to take advantage of group rates. However, through careful rate shopping, and comparison, they can find an affordable individual health insurance plan.
Discharged Employees
Aside from a sudden loss of income, one of the biggest concerns about being discharged, or laid off, is the loss of health insurance. In the United States, many laid-off employees continue to be eligible for their group health insurance coverage under their old employer's plan. They take over the paying of premiums, rather then their employer paying for them. However, the laid-off employees are limited in the length of time that this allowed. Should the employee be ineligible for health insurance continuance, or is out of work beyond the allowed time, an individual health insurance plan may be the only remaining option.
Already suffering from the loss of income, the out of work employee will likely not want to spend any more money than necessary. In this case, a very basic individual health insurance plan should be purchased. After all, some coverage is better than no coverage. A catastrophic illness, or injury could possibly result in bankruptcy. Even basic individual health insurance can provide some financial safety.
Part-Time Employees
Company-paid health insurance coverage is usually limited to full-time employees. Those employees who are part-time should look into individual health insurance. Cost-effective plans for individual health insurance are available.
There is an individual health insurance plan for almost any budget. The hardship, and potential for disaster, is not in paying for the plan, but in living without it. Sort of like playing "medical russian roulette." It is not worth the risk to go without any health insurance. Even if you are in the best shape of your life, a car accident may only be a few feet away, a natural disaster can occur at any time, tornadoes can appear without warning, etc. You get the idea! An individual health insurance plan is one of the best financial safety nets an uninsured individual can consider.
Copyright 2006 Carl DiNello

Importance Of Life Insurance

Whole life insurance also known as permanent or straight life insurance is one of the most applied forms of insurance.
This life insurance policy covers ones entire life.
This is much in demand because of its ability to provide financial protection and accrue cash value and pay dividends to the insured.
In other terms, you can say it as an investment, that you make to secure your future build up finance that helps you in your indigence.Taking a whole life insurance policy leads to a number of benefits and advantages.
Few of them are listed below.
1. The first advantage is The Death Benefit.The whole life insurance policy guarantees you the death benefit that never decreases.
Moreover no federal income taxes are charged upon death.
And if you desire, death benefit can be taken as a monthly income instead of a lump sum
2. Consistency of premium level.Unlike term life insurances premiums, which increase at the time of renewal, the premium you pay in whole life insurance remains consistent.
Theres no increase.
However, use of dividends can minimize the premiums that you pay and contracted for.
3. Cash value is another beneficial feature of whole life insurance.Unlike other life insurance policies, whole life insurance policy accumulates the useable cash reserves.
This increase as one pays premiums and also accumulates tax deferred.
And if you decide to surrender the policy, you receive your cash values.
4. Participation in whole life insurance policy earns you the dividends.You are eligible to earn dividends if you own a participating whole life insurance policy.
You receive this dividends in cash, which you can further use to either purchase a paid up additions, to minimize premiums or you can keep it within the policy to generate interest.
These advantages of whole life insurance policy are really worthwhile.
If you are not confident you should consult an expert before taking up any policy.