Everything You Need to Know About Term Life Insurance in Texas

No one enjoys thinking about the finality of death. As the old adage states, though, it is inevitable. The end of the road for us doesn’t mean the end of the road for the ones we care about. Our families are left to deal with funeral expenses, paying off assets, and trying to figure out how to pay the monthly bills with a loss of income looming. It seems like everyone has there hand out wanting money these days, so budgeting for a term life insurance plan is something that often gets put on the back burner. However, term life insurance can be affordable if you look in the right places. We are here to simplify the process for you and help answer any questions you may have.

Finding term life insurance in Texas can be a difficult, time consuming task. Long gone are the days of thumbing through the back of the phone book and calling different companies to compare quotes and options. In the age of the internet, information is available at the click of a mouse. This is a good thing–and a bad thing. With information comes misinformation, scams, and confusion. Don’t get caught up in the tangled web of the internet. Let us help you on your search for term life insurance.

In general, term life insurance policies are less expensive and easier to understand than their permanent counterparts. Most term life insurance policies can be classified into one of two categories:

Annual Renewable Term
Annual renewable term policies are generally one year in length. Based on how old you are at renewal, the premium changes every year in which you update the policy. One advantage of this type of term life insurance is cheaper premiums. If you are looking for a policy you can afford without being tied down to an expensive long term premium, this could be a good fit for you. This provides inexpensive asset protection in the event you should die during the period in which you are covered. Lastly, because you are classified as having term life insurance, there is no re-qualification upon renewal. If you develop a life-threatening disease, your new policy will not be rejected.

Level Term
The second type of term life insurance policy is called level term. These policies are sold with terms from 5 to over 30 years, depending on what is the right fit for you. These policies are designed to have a set premium during the whole term. Some policies note that the premium will change after a certain amount of years, so it is important to know the ins and outs of your specific policy. In general, the longer the set term, the higher the premiums. Many policies also offer an option to convert to a whole life insurance policy once the term has ended. Again, it is important to read your contract so you know your options when the term period ends.

Finding out which type of term life insurance is right for you depends on a number of factors:

Age
Your age is the leading contributing factor to the price of your term life insurance premium. In general, the older you are, the higher the price.

Health
Do you have heart disease, high blood pressure, diabetes, or another condition? Are you overweight? Do you use tobacco products or consume alcohol regularly? All of these answers, and more, will be factored into your term life insurance premium. As stated before, a benefit of term life insurance is the ability to renew your policy without the possibility of rejection. Though your premium may increase, you have the peace of mind in knowing that as your life and the state of your health change, you will still have term life insurance coverage.

Assets
How much money does your family need to continue their way of living after you are gone?

Budget
What amount of money are you able to budget monthly, quarterly, or annually to insure that your family is properly handled after your death?

As you can see, buying term life insurance isn’t as easy as just writing a check every month and letting your family collect when you die. We want to treat this sensitive matter with the utmost respect to you and your family. Our goal is to make the process as simple and efficient as possible. We welcome your questions and look forward to sitting down and figuring out which type of term life insurance product is right for you.

California Health Insurance

Californians have a wide range of health insurance plans that they can choose, the insurance options include; individual and family medical plans, Medicare plans, dental insurance, accident insurance and short term medical insurance. However, according to ehealthinsurance.com, out of California’s 36.4 million residents, about 18.4% are uninsured. The number of California residents enrolled in HMO’s is 15.6 million. The health insurance plans offered in California are mostly private plans and exchange plans. Private plans are general targeted at single individuals who make $50,000 and families that make over $100,000 a year. The exchange health insurance plans, on the other hand, are targeted at individual who earn less than $50,000 and families which make less than $100,000.

California Health Insurance Quotes can be sought online, on various health insurance company websites. The most commonly requested details, if you want to get a quotation include; zip code, gender, date of birth, type of coverage and information about smoking. To subsidize the cost of health insurance, California residents can make inquisitions to see if they qualify for tax credits under the Affordable Care Act or Obamacare. Eligible Californian children can also seek coverage under low cost health care programs such as Medicaid and CHIP program. Under these two programs, children can get routine check-ups, dental care and immunization. The other benefits include doctor visitations, routine hospital care visits during sickness and prescription medication.

Health Insurance Marketplace
The California Health insurance marketplace is also known as Covered California. This online health insurance exchange program offers a pool in which insurance seekers can shop and choose a health insurance plan that is suitable for them. All information about Covered California is found in the website, Coveredca.com. The insurance companies selling their policies on Covered include; Health Net, Anthem Blue Cross of California, Kaiser Permanente, Chinese Community Health Plan and Sharp Health Plan. The other top insurers in the plan are Western Health Advantage, Molina Healthcare, Valley Health Plan and L.A Care Health Plan. Health insurance seekers can also visit these companies websites to find out more about their California Health Insurance Rates and coverage details.

Cost of Health Insurance
Although California Insurance quotes varies from one plan to the other; in most cases, the higher the premium, the more coverage you receive. However, before the insurance coverage kicks in, insured persons are required to pay the deductible amount. The other payments that may be accessed include coinsurance and copayment, although this is dependent on the selected plan. Co-insurance is a fixed percentage of health insurance service cost. For example, if your co-insurance is 25% for a medical service that costs $500, you will be called upon to pay $125, before the insurance cover steps in to cover the remaining cost. Copayment, on the other hand, is a fixed amount that is paid for services rendered. For example, the insurance plan can mandate that you pay $40 for every visit to the specialist or $15 every time you visit your primary care doctor.

Health Insurance Paperwork
Health insurance comes with an enormous amount of paperwork; the main documents include a summary of health insurance benefits and coverage, an annual health insurance sign up plan, explanation of benefits form and medical bills. If you have enlisted with the Affordable Care Act, the act recommends that employer health plans and private insurers issue a list of the benefits and insurance cover details to the insured person. The bill, on the other hand, contains information such as name and address of the healthcare provider, insured person’s name and account, date of bill, treatment and description of medical services rendered and charges.