Table of Contents.
Answer 1. 2
1. Healthcare Plan 2
1.1 Flex Medical Plan. 2
1.1.1. Features/ Benefits of the Flex Medical Plan. 2
1.1.2 Schedule of Benefits. 3
1.2 Early Care critical Illness. 5
2. Individual Life Insurance 6
2.1 SmartLife Pro. 6
2.1.1 Benefits of SmartLife Pro. 6
2.2 Super Wealth Plan 7
Overall Benefits for this plan: 7
3. Investment Linked Plan 8
3.1 Zurich FlexiLife Plus. 8
3.1.1 Benefits of Zurich FlexiLife Plus 8
Answer 2 9
Accidental Death Benefit Rider. 9
Accelerated Death Benefit Rider. 10
Waiver of Premium Rider. 10
Guaranteed Insurability Benefit rider. 10
Answer 3 11
1. Life Insurance for the Young, Single and on their own! 11
2. Newly Married 12
3. Family 14
4. Old Age (Senior Citizen) 15
Bibliography 16
Answer 1.
Life insurance describes insurance based on human life incidents. According to Zurich Insurance Malaysia Berhad, they provide different types of life insurance and health plans. First of all, under their life insurance category, they have the Healthcare Plan.
1. Healthcare Plan
This Healthcare plan further consists of ranges which a customer can relate to.
1.1 Flex Medical Plan.
This plan provides an individual with the hospitalization charges, surgical treatments, medication, examinations and consultation fees. This plan protects an individual from high and rising medical costs throughout the life. It guarantees medical coverage up till the age of 100, which comprehensive features which ensures great quality of healthcare whenever the customer requires without any hassle.
1.1.1. Features/ Benefits of the Flex Medical Plan.
• Guaranteed renewal up to age 100.
Provides lifetime medical coverage up to the age of 100.
• No overall lifetime limit.
Unl...
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...tp://www.theguardian.com/money/2012/dec/03/life-insurance-missing-details
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Lardy, G., 2013. Life Insurance Blog by IntelliQuote. [Online]
Available at: http://blog.intelliquote.com/bid/280182/Life-Insurance-Riders-101-Accelerated-Death-Benefit
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Malaysia, E., n.d. Medical and health insurance requirements. [Online]
Available at: http://www.educationmalaysia.gov.my/skin/frontend/emgsv4/default/documents/EMGS-Insurance-Packages-for-Studentsv1.3.pdf
[Accessed 20 April 2014].
Nationwide, 2011. Guaranteed Insurability. [Online]
Available at: https://ssc.nwservicecenter.com/media/pdf/LAM-1061AO.pdf
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Overmyer, J., n.d. 'Waiver of premium' life insurance rider. [Online]
Available at: http://www.netquote.com/life-insurance/news/waiver-of-premium-rider.aspx
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20th Century Insurance was established in 1958 and was the first company of its kind to sell automobile insurance without a middleman, known in the industry as a broker or agent. This direct sales approach allowed 20th to offer insurance at a much lower premium than its competitors. To date, 20th Century Insurance is still recognized as one of the most economical full service automobile insurers in the California market.
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Humana continues to grow by implementing new ideas to continue to provide the excellent quality, access and cost of healthcare services to the consumers. Humana is a company that has developed reward and incentive programs for primary care physicians to encourage their development of population health. Humana has quality clinical, preventative and membership quality programs. Humana has given access to over 400,000 doctors, hospitals, pharmacies and ancillary care providers for consumers of their services. Humana point of service plans (POS) reduce the out-of-pocket costs for their consumers who stay within the network of providers. Humana does not require consumers to have a primary care physician (PCP) but has also given consumers the privilege to develop a relationship with doctors to inform them of healthcare decisions, and allow the doctor to know the patient’s medical history to guide them to the appropriate specialists. Humana encourages consumers to know their budget before choosing plans and services. Humana states that it is important that the consumers know what medications their families use or themselves and the services that are need to determined what is the best plan to choose and that is cost efficient. Humana makes it easier to the consumers but having different levels of healthcare plans starting from high to low that best fit the consumer needs. Humana has financial assistance available for many individuals and families to help with the cost of health care premiums and out-of-pocket expenses. Humana offer premium tax credits to those who qualify to save on out-of-pocket costs. Humana offers many different unique plans to fit the needs of their consumers which has made Humana remain as one of the highest health care providers in the world because of the services, incentives and cost sharing programs to help
The intent is to create a healthcare system where health insurance coverage is available to everyone. Coverage is through a joint effort of the government, employers, and individuals. A disparity in coverage often occurs within vulnerable populations. This includes children, unemployed and retired individuals, along with their families. They are more likely to have limited access to healthcare while having an increased need for medical services.
Many people cannot afford to pay the monthly payments; therefore, they stop their insurance and become uninsured for months or even years. There are many ways people can pay for health care. Community Rating and Experience Rating is a very interesting way to pay for medical bills. With Community Rating, all the people who are members pay the same monthly payments. It doesn’t matter which group they are in. With Experience Rating, all the people who are members pay different premiums. The members who become ill will benefit from the members who stay healthy. It is very unique how the members benefit from each other, but it can still be a little confusing. It is important for the United States to make a payment plan everyone can afford and have health insurance
As I begin to prepare for medical school interviews this upcoming fall, I have spent time briefly learning about the various healthcare systems of a few different countries. The book “The Healing of America” by T.R. Reid describes how insurance plans work around the world, and often compares these systems to the United States. While I have not finished the book yet, and the healthcare plan is always seems to be changing, it becomes hard to fully understand the system in the United States. In addition to understanding health insurance for my future interviews and career in the medical field, it was very beneficial to learn about my own insurance plan in the case of any emergency or choosing my own provider in the next few years.
There are extensive studies on retirement covering education in general. The findings suggest that education is an important factor in affecting retirement planning preparedness (Hogarth, 1985; Joo&Pauwels, 2002). Education enables individuals to explore more information relating to their retirement planning and that sources of information will influence their decisions, attitude and intention to do retirement planning (Hogarth, 1985; Joo&Pauwels, 2002). Also, DeVaney (1995) addressed that the effect of education level may serve as a motivator or guidance for individuals to start the preparation for retirement planning. With the increase in age and educational level, individual tends to be more motivated to work on retirement planning preparation or take some action for their retirement (DeVaney, 1995).
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Health insurance comes in handy in case of severe emergencies. The term health insurance (popularly known as Medical Insurance or Mediclaim) is a type of insurance that protects you and your dependents against any financial constraints arising on account of a medical emergency. It sometimes includes disability and long term medical needs. In Mediclaim, you pay
A personal financial plan is essentially important for any person and their loved ones to minimize future hardships and difficult financial situations. Short and long-term financial freedom and stability is something an individual wants to have through to the end of his or her life. Financially planning for one’s retirement years is vital so a person does not sustain major unhappiness or unnecessary pain in what is supposed to be the reward for working so hard in their younger years.
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Retirement planning is a way to insure that you will have enough income to live comfortably when you retire. Most people will be retired 25 years or more, and careful planning is the key to successful retirement. Why would you want to have bill pressures and mortgages when all you really want to do is relax, or follow that dream of traveling the country in an RV?
Poor Medical health care is something prevalent in many countries. Every family all over the world has suffered deaths due to poor medical healthcare and insurance. The decreasing in the quality of health services provided to the individuals and patients is Poor medical healthcare. Poor Medical Health care is a critical problem that has to end, as studies about it showed that adults in the United States receive half of the needed health care services (EA & RH, 2001), and not only adults but also all types of citizens including children, if this problem did not end deaths of people will significantly increase (Cecere, 2009). Poor Medical health insurance can end with the aid of many solutions that will be proposed within this research paper. Thus, poor medical health care as mentioned before is a detracted problem that has to end because it is the reason of many peoples’ deaths.
The insurance is meant to cover the cost costs associated with long-term care for those who have had strokes, chronic diseases, or Alzheimer’s diseases, as well as those who can simply no longer manage to live on their own. It is imperative that I be able to reap the cost-benefits to of being protected against the financial consequences of the high cost due to increasing life expectancies and the resultant rise in the chance that you may eventually need some level of care. In short, creativity in decision making is vital to effective choices. Therefore, it is essential to consider all of the possible alternatives will help you make more efficient and favorable decisions. Moreover, when life events affect your financial needs, the financial planning process will provide a vehicle for adapting to those changes. Also, specific financial goals are vital to financial planning. Others can suggest financial goals for you; however, you must decide which goals to pursue. Your financial goals can range from spending all of your current income to developing an considerable savings and investment program for your future financial