Endowment in insurance refers to a type of policy that combines savings and life insurance. It provides a guaranteed payout upon the policyholder’s death or maturity of the policy term. During the policy term, a portion of the premiums paid goes towards building a cash value, which earns interest over time. This cash value can … Read more
Life insurance companies evaluate multiple factors to determine insurability, and certain conditions may make an individual uninsurable or result in higher premiums. Pre-existing medical conditions that pose significant health risks, such as severe heart disease, advanced cancer, or terminal illnesses, may be uninsurable. Additionally, certain lifestyle factors, such as substance abuse, high-risk occupations, or a … Read more
Medical insurance is a type of insurance coverage that helps pay for medical expenses, such as doctor visits, hospital stays, and prescription drugs. These expenses can be very costly, and medical insurance can help individuals and families afford the care they need. There are different types of medical insurance plans available, with varying levels of … Read more
Warnings issued by law enforcement or regulatory agencies, such as traffic citations or violations, are not typically reported to insurance companies by the issuing authorities or by individuals. However, if the warning involves a serious offense, such as a DUI or reckless driving, the officer may require you to appear in court. The outcome of … Read more
Insurance coverage for lymphatic massage varies widely depending on the type of insurance you have and the specific policy details. Some health insurance plans may offer coverage for lymphatic massage as part of a broader physical therapy or rehabilitation program. In such cases, coverage may be limited to a certain number of sessions per year … Read more
SBLI (Savings Bank Life Insurance) offers a comprehensive range of insurance products to cater to the diverse needs of individuals, families, and businesses. Their insurance portfolio includes life insurance, long-term care insurance, disability income insurance, and individual and group dental insurance. SBLI’s focus on providing financial security and peace of mind is evident in the … Read more
Non-formulary drugs are medications that are not included on a health insurance plan’s preferred drug list. This means that these drugs are typically more expensive than formulary drugs and may not be covered by insurance. Coverage for non-formulary drugs varies significantly depending on the specific plan design and the individual’s insurance carrier. Some plans may … Read more
Typically, homeowners insurance policies do not provide coverage for loss of power unless it is due to a covered peril, such as a fire, lightning strike, or windstorm. These policies are designed to protect against physical damage to the home and its contents. If you experience a power outage, you may be able to file … Read more
Vehicle Hire Excess Insurance is a type of insurance that covers the excess amount you’re liable for if you damage or steal a rental car. When you rent a car, you’re usually required to pay a security deposit or excess. This is the amount you’re responsible for paying if something happens to the car. Vehicle … Read more
DPC stands for Direct Primary Care, an insurance alternative where patients pay a monthly fee to their primary care doctor for unlimited access to their services. Unlike traditional insurance, DPC eliminates co-pays, deductibles, and surprise medical bills. With DPC, patients can receive comprehensive primary care without concerns about hidden costs, promoting a more affordable and … Read more