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You purchase insurance in order to transfer risk of liability from one party to another. In the case of buying medical insurance, you are purchasing the insurance in order to transfer the risk of you or a family member from getting ill and the financial cost involved with this risk. In exchange for a specified amount of premium the insurance company agrees to accept a certain amount of the risk of the financial loss involved in getting ill and the cost of treatment and medication involved.
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When should you buy private medical insurance?
You should buy private medical insurance at any time that it works for you. As health care expenses soar, companies are shifting a large percentage to their workers.
Can self employed persons qualify for Family Medical Leave?
they should be did you buy insurance
When is travel insurance necessary?
One situation where you should always buy insurance If you are leaving your home country, you should always have emergency medical and evacuation coverage. This coverage is included in all vacation travel insurance plans, or you can buy a travel medical insurance (which does not have cancellation coverage). When you leave your home country, your health insurance may or may not travel with you. Whenever you are traveling abroad, buy either a travel medical plan or vacation plan that includes medical emergencies. You can get more information from : COVOMO.COM
Should my grandparents get travel insurance before a long vacation?
Look at the medical insurance that your grandparents should already have. If that does not cover travel, then, yes buy travel insurance, otherwise it would just simply be a waste of money.
Where is it possible to buy international medical insurance?
It is possible to buy international medical insurance from Aetna International. Simply go on 'Find a plan' under the 'Individuals and Members' section, and type your personal info as well as your country's info to get international medical insurance they provide for you to buy.
Can you buy private medical insurance in Canada?
Yes you can buy private medical insurance in Canada. Most of the time people buy this for traveling outside of Canada but you can use it within Canada as well.
Is it necessary to buy catastrophic medical insurance for people covered by regular medical insurace?
Catastrophic medical insurance is insurance only for large payments when something major happens to you. If you have regular health insurance, you do not need to purchase catastrophic insurance as well.
Where can one get a life insurance with no medical exam?
You can get life insurance online without a medical exam. Some websites you can go on to get life insurance without a medical exam are AnicoDirect and Efinancial.
Will your medical insurance cover you in an auto accident?
Yes it should, but the auto insurance company may have to pay the medical insurance after the claim is paid.
Do vets get life insurance?
They can buy life insurance...and should!
What type of life insurance should you buy?
Mortgage insurance
Can I buy a life insurance policy on my live in partner?
As long as the person qualifies medically and your partner consents to having the policy written there should be no problem in obtaining a policy.
