There are 41 million people in the U.S. who say they need life insurance but do not have it, according to the 2020 Insurance Barometer Report from industry groups LIMRA and Life Happens. This can partially be explained by the tendency of people to overestimate its cost. Perceptions about affordability and value can deter people from buying the life insurance they need. More than half of respondents in the Insurance Barometer Report said a $250,000 term life insurance policy for a healthy 30-year old would cost $500 a year or more. But the average cost is closer to $160 a…
Author: admin
It’s a week before your trip and you get the sniffles…now what? Of course the sniffles can be just that — a minor inconvenience that quickly clears up before takeoff. In most cases, just a false alarm. But it can also morph into something else, possibly interfering with the trip you’ve spent months planning and paying for. Life being what it is, occasionally medical issues, extreme weather or other events crop up and force us to interrupt our travel plans. Get “you-never-know” protection If you already have travel insurance, check your policy. It may already have coverage for trip cancellation…
What are trip cancellation and trip interruption insurance? Trip Cancellation Insurance will reimburse you for the amount of pre-paid, non-refundable travel expenses (e.g. airline, cruise, train, hotel, etc.) that you have insured, should you cancel your trip before departure for an unforeseen covered reason. Trip Interruption Insurance is similar to cancellation coverage, but covers you while you are on your trip for a list of covered reasons. In case of a covered reason you are required to return home, Trip Interruption Insurance will reimburse you for the lost portion of your trip, as well as any additional expenses for a…
If you are going on a cruise, you might be wondering how much medical care, such as X-Rays or a consultation with a doctor would cost. Hopefully, you will never need to find out, but I recently took an MSC cruise, and this pricelist was clearly displayed in the medical centre. How Much Does it Cost to See a Doctor on a Cruise? A medical consultation on a cruise usually costs around $100 (£85) if during medical centre opening hours. This price rises to around $165 (£137) for appointments outside of opening hours and can rise as high as $205 (£170) if…
Medical evacuation insurance is one of the most important types of insurance you can have. If something happens while you are on vacation and need to be evacuated to a hospital, this insurance will help cover the costs. This guide will discuss what medical evacuation insurance covers, who should purchase it, and how much it costs. We will also provide tips on choosing the right policy for your needs. What Is The Meaning Of Medical Evacuation? Medical evacuation, sometimes called medevac or medivac, is the emergency transport of patients from one location to another. This can be done by ground,…
Why is Medical Evacuation Insurance Important? No one wants to consider what could happen if they become sick or injured while traveling. However, emergencies arise, and illness and injury can happen anywhere. If a patient is hospitalized while traveling, and is so critically ill that they need to be transferred to another higher level of care facility, or if a hospitalized patient wishes to continue in-patient care at a facility closer to their home, a medical evacuation (sometimes called medevac, medivac, or med evac) is required. Typical health insurance policies may provide no, or limited, coverage when you are traveling overseas. It is wise to purchase a comprehensive…
Illness or injury can ruin a vacation. And it’s even worse if you’re far from home. If you require airlift transportation for immediate medical care during your trip, a comprehensive travel insurance plan with emergency medical evacuation benefits can help cover the cost. Here’s how medical evacuation travel insurance works and why it can be an essential part of a solid travel insurance plan. What Is Emergency Medical Evacuation Insurance? Emergency medical evacuation insurance is generally included in a comprehensive travel insurance plan. It’s sometimes called medical evacuation and repatriation insurance. The maximum coverage amount will vary by plan, so…
Maybe you’ve recently decided to take the trip of a lifetime, or maybe you’re just looking to get away for a quick weekend jaunt. Either way, you will probably need to purchase some travel insurance, even if you are just traveling to another province. Unfortunately, travel insurance is one of the more complex forms of insurance. With your health and financial well being on the line, you need to be sure you understand what you’re buying. Fortunately, we have complied this helpful list of different types travel insurance to make shopping around easier. Trip Cancellation Trip cancellation insurance is what you want to buy…