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Life insurance is the foundation of financial security for you and your family.. It is the base upon which other insurance and investments rest. his guide educates you about whole life insurance. Before investing, understand that annuities and/or life insurance products are not insured by the FDIC, NCUSIF or any other federal government agency and are not deposits or obligations of, guaranteed by or insured by the depository institution where offered or any of its affiliates. Annuities and/or life insurance products that involve investment risk may lose value. WHY DO I NEED LIFE INSURANCE? Life insurance is a way to provide cash to your family during your lifetime and when you die. Business owners can use insurance to reward key employees, establish a supplementary retirement plan, or help transfer the business to the next owner. HOW MUCH INSURANCE DO I NEED? Add these together to determine your insurance need. Purchase enough insurance so the proceeds, if invested at an after-tax rate of 8%, would generate this income. WHAT IS PERMANENT LIFE INSURANCE? Unlike term insurance, which provides protection over a limited period of time, permanent insurance provides lifelong protection. Sometimes referred to as ordinary life insurance, whole life is the most common type of permanent insurance. Life insurance issued by Nationwide Life Insurance Company or Nationwide Life and Annuity Insurance Company, Columbus, OH. For more information about the NFIP and flood insurance, contact your insurance company or agent, or call the NFIP at 1-888-CALL-FLOOD, ext.http://www.co.snohomish.wa.us/documents/Agencies/Emergency_Management/Factsheets/whyfloodinsurance.pdf. 314 NOTE: There are a number of things you can do to reduce the risk from flood damage. While insurance, possibly the least expensive option, will offset your financial loss, it does nothing to prevent the physical loss of your home. Doesn’t my homeowner’s insurance cover flood damage? Isn’t flood insurance expensive? Is flood insurance readily available? Is flood insurance ever required? Who can purchase flood insurance? Between 20 and 25 percent of flood insurance claims come from a medium or low flood-risk areas. Doesn’t my homeowner’s insurance cover flood damage? Typically, homeowners’ insurance policies do not cover such things as flooding, landslides, and earthquakes. Check with your insurance agent to find out what is and is not covered in your homeowner’s policy. In contrast, if you have a flood insurance policy, you can be reimbursed for all your covered losses, even if the president does not declare a disaster. Isn’t flood insurance expensive? Under FEMA’s National Flood Insurance Program (NFIP), federally backed flood insurance is available in communities that adopt and enforce regulations to reduce flood losses. Call your local insurance company or agent and ask for details about how to buy flood insurance. Insurance Information Form To Be Used For Emergency Contact and Filing Medical Claims Sport(s): ___________________________________ 1.http://www.whitworth.edu/Athletics/Athletes/MedicalForms/PDF/InsuranceInformationForm_2.pdf. Are you covered by insurance through, (please check all that apply): Father; Mother; Self 2. Which of the above is the source of your primary insurance? Insurance Co. Insurance Co. Phone #: Insurance Co. ID#: Is Student Insured? Insurance Co. Insurance Co. Phone #: Insurance Co. ID#: Is Student Insured? If there is a change in coverage or expiration of coverage, I agree to notify Whitworth University of this development and update the insurance information I have on file. The Release discusses possible new rules (the “Proposal”) under the Securities Exchange Act of 1934 to require that broker-dealers provide additional information at both the point of sale and in transaction confirmations regarding certain costs and conflicts of interest in transactions involving mutual funds, unit investment trust interests (including variable insurance This letter is respectfully submitted by Massachusetts Mutual Life Insurance Company (“MassMutual”) a member of the MassMutual Financial Group, a global diversified financial services organization.http://www.sec.gov/rules/proposed/s70604/massmutual040405.pdf. MassMutual is an issuer of variable annuity and variable life insurance contracts, and distributes those products through nationwide network of affiliated and non-affiliated broker-dealers and insurance agencies. We welcome the opportunity to comment, particularly with respect to how cost disclosure might best be achieved for variable life insurance and variable annuity products. We agree with the Commission that variable life insurance products are unique and additional disclosure, to the extent necessary, might best be achieved through illustrations modifications. Today, extensive disclosure is provided to variable life insurance and variable annuity purchasers and many of the disclosures set forth in the Release appear to be duplicative of those contained in existing point of sale documentation and transaction confirmations. Variable Life Insurance -Point of Sale Disclosure MassMutual provides personalized illustrations to all customers in connection with the sale of individual variable life insurance policies. The illustrations format which is based on the ... What is health insurance? Health insurance is insurance that provides coverage for health-related needs.http://www.fhcrc.org/patient/support/survivorship/resources/Healthlink.HealthInsurance.pdf. The type of health care covered by your health insurance plan depends on the type of coverage and the amount you pay for the premium. A health insurance premium is the amount you and/or your employer pay for the benefits provided under your health insurance policy. You can receive health insurance from: A group employer-sponsored plan An individual, private insurance plan A government program, such as Medicare or Medicaid There are organizations and resources that can explain the different insurance policies to you and work with you to get affordable health insurance that can help you pay for your health care needs. A health insurance company asks you to go through medical underwriting: In most states, if you are applying for individual health insurance, not a plan from your employer, you may have to go through a process called medical underwriting. The health insurance company says you have a pre-existing condition exclusion: A pre-existing condition includes medical conditions that pre-date an application for a health insurance. Also, if you have had health insurance for at least 18 months, the insurance company cannot use a pre-existing condition at all. You haven't had any health insurance coverage for more than 63 days: It is extremely important to not go too long without health insurance. If you lose your health insurance for some reason, you should try to get health insurance within 63 days. You are trying to get health insurance from your employer but have never had health insurance before: If your employer ... What is life insurance? Life insurance is a policy that pays a specified amount of money after your death to a beneficiary, a person you choose.http://www.fhcrc.org/patient/support/survivorship/resources/Healthlink.LifeInsurance.pdf. The amount of money the person receives depends on the type of life insurance you purchase. The amount you pay to the insurance company, the premium, depends on the policy you select. Today more than 200 insurance companies write life insurance policies in the United States. Not all insure cancer survivors. Those that do offer life insurance policies for cancer survivors usually require survivors to pay a higher premium. You may not want life insurance now. Survivors who want life insurance should understand the different types of life insurance and how having had cancer affects the type of life insurance they can get. Unlike universal life insurance, once the premiums for whole life insurance are set, they can’t be changed. Most insurers require that you be at least 40 years old to get guaranteed issue whole life insurance. In order to get life insurance, you must: Be in remission or cured Be at least three months past the date of your last treatment, or in some cases as long as five years Be in general good health Be between 21 and 90 years old A life insurance company is more likely to insure these types of cancer survivors: Not everyone can afford life insurance, especially cancer survivors who will probably have to pay more for life insurance than someone who hasn’t had cancer. If you aren’t honest with your life insurance company, you can be denied some or all of your life insurance benefits or your policy can be canceled. Medical underwriting is the process ... Now I will list several types of health insurance or health coverage obtained through jobs, purchased directly, or from government programs.http://www.sph.umn.edu/img/assets/18528/Qur_FL2000.pdf. C1/COV1 Are (you/is anyone) who lives there covered by a health insurance plan from a CURRENT employer or union, other than the military? (this includes insurance from family members’ employment.) C1a/COV1D Are (you/is anyone) who lives there covered by a health insurance plan from a PAST employer or union, other than the military? C2/COV2A Are (you/is anyone) covered by a health insurance plan bought on your own and not through an employer or union? C3/COV3A Are (you/is anyone) covered by a health insurance plan held in the name of someone who does not live in the household? C4/COV4A Are (you/is anyone) covered by Medicare, the health insurance plan for people 65 years old or older or persons with certain disabilitites? They would have a “gold card” or a “blue cared” for their insurance. You may have a “gold card” or a “blue cared” for your insurance. The Healthy Kids Program is a health insurance program where families receive help from the state so that the insurance is affordable. C8/COV9A Are (you/is anyone) covered by CHAMPUS, CHAMP-VA, TRICARE, VA or some other type of military health insurance? C9/COV10A Are (you/is anyone) covered by a state-sponsored or public health insurance program that I have not mentioned? Are you sure this is a state-sponsored or public health insurance program? Does NAME have health insurance or coverage through a plan that I might have missed? Unirea/NINSREA What is the main reason that NAME does not have health insurance? Com/CONMNTH For how many ... The mission of the Office of the Commissioner of Insurance .http://www.legis.state.wi.us/assembly/asm09/news/Documents/WI-CGInsurance.pdf. . . Leading the way in informing and protecting the public and responding to their insurance needs. If you have a specific complaint about your insurance, refer it first to the insurance company or agent involved. It is designed to make sure that any motorist licensed to drive in Wisconsin has insurance or enough money to pay for damages to others that may be caused by a 4 motor vehicle. Your insurance will pay for this damage if you were driving your auto or if it was being driven by another person with your consent. After four years, the company insuring you must accept you for regular coverage if you have had a clean driving record for those four years. If it is necessary for you to move into a motel or apartment temporarily because of damage caused by a peril covered by your policy, your insurance company will pay reasonable and necessary additional living expenses. If you move in temporarily with a friend or relative and do not have any extra expenses, you will not be paid any additional living expenses by your insurance company. The HO-8 is designed to provide package coverage to the owner-occupants of homes that do not meet all the requirements applicable to other homeowner’s insurance policies. You may combine cash value life insurance with term insurance for the period of your greatest need for life insurance to replace income. If the doctor charges more than the insurance company pays under the terms of the policy, the insured is usually responsible for paying the balance. Sometimes self-insured plans are confused with fully insured plans because ... Treat the purchase of insurance and taking steps to protect your house as you would any other major financial decision by seeking independent advice from professionals who are in a position to analyze your individual needs.http://www.mass.gov/Eoca/docs/doi/Consumer/homeowners_guide.pdf. This guide provides a general explanation of insurance for your home and ways to protect your home and help to reduce your insurance premiums. An insurance policy is a legal contract of the promise that an insurance company gives you to pay for losses outlined in your policy in return for premiums that you pay to the insurance company. The contract and any insurance company obligations end at the conclusion of the term, unless you and the insurance company agree to extend the promise for another specified term. In most cases, you will contact an insurance company or an insurance producer (sometimes also known as a broker or agent) to obtain coverage. The Fair Plan will offer insurance to consumers who have been refused coverage from licensed insurance companies so long as they meet the plan criteria. Check with your insurer or insurance producer at least once a year to make sure your policy gives you adequate limits of coverage. Some insurance companies use direct marketers who sell insurance through the mail and by telephone. A formal device for reducing an insured’s potential costs by transferring specific risks to insurance companies. Insurance providing protection against the loss or damage to real and/or personal property caused by specific perils covered in the insurance policy or contract. The Division can be a source of unbiased information and assistance to you, such as verifying if a producer ... Health insurance received through an employer is the source of that coverage for the majority of workers in the U.http://www.meps.ahrq.gov/mepsweb/data_files/publications/st10/stat10.pdf.S. Data from the 2000 Medical Expenditure Panel Survey (MEPS), conducted by the Agency for Healthcare Research and Quality, show that 61.4 percent of workers obtained coverage through their current main job in the first half of the year. Yet the likelihood of having health insurance varies widely among workers based on the characteristics of their jobs. In addition to their current main job, workers have other possible sources of health insurance coverage. Some employees hold insurance through other employment, job-related insurance obtained through a family member's employment, private insurance purchased individually, or a public program, such as Medicaid. Nonetheless, focusing on workers who have insurance through their primary job yields important information on this critical component of health insurance coverage. In the first half of 2000, 61.4 percent of U.S. workers (excluding the self-employed) held health insurance through their current main job. Nonunion workers employed by small establishments (those with less than 10 employees) in the agriculture, forestry, and fisheries industry group were less likely to have health insurance through their jobs than other workers. Managers and administrators making more than $21.00 per hour and employees working 35 or more hours per week were among those most likely to have job-related health insurance. With respect to ownership, a larger percent of government workers -- both federal and state and local -- had health insurance through their current main job ... Health Insurance benefits for retirees of the Connecticut Teachers’ Retirement System (CTRS) began during the mid nineteen fifties when CTRS established a group health insurance plan with Connecticut Blue Cross and Connecticut Medical Service (CMS).http://www.ct.gov/trb/lib/trb/formsandpubs/HEALTHHISTORY.pdf. During the 1970s, the cost of health insurance began rising dramatically and retired members sought assistance from the state to meet the cost of their health insurance premiums. In 1978 legislation was enacted (Public Act 78-228) that obligated the state to pay ten percent of the retiree’s health insurance costs (twenty-five percent for disabled members). returned to the group health insurance plan of their former employing board of education. The retirees and spouses covered by the local school district plans did not receive any financial assistance from the state to pay for the cost of their health insurance benefits. For fiscal year 1986-87, the state spent $737,000 to fund health insurance benefits. In 1989, legislation was passed (Public Act 89-342) that would re-direct the 1% Supplemental Contributions that were being deducted from the salary of active teachers to be used to fund health insurance benefits. Starting with the 1989-90 school year, the 1% Supplemental Contributions were now being deposited into a Health Insurance Premium Account (HIPA) that would be used to fund health insurance benefits starting in June 1990. At that time the cost of this insurance was $85.71 monthly. For retirees/spouses covered by local school district plans, the same flat dollar amount ($85.71) was paid to the local school districts each month on behalf of the retiree/spouse and was ... A catastrophic insurance event is defined by the Insurance Service Organization (ISO) as an event resulting in insured losses of $25 million or more.http://www.mbaa.org/files/Library/IssuePapers/NaturalDisasterCatastrophicInsurance.pdf. The recent spate of natural disasters has caused insurance companies to reexamine their business models for insuring natural disasters. This resulting insurance capacity loss has caused property insurance rates to spike from 100 percent to over 600 percent in certain coastal areas with heavy hurricane exposure and has put a tremendous strain on state-operated insurance pools that serve as the insurer of last resort in these areas. Addressed below are prevailing insurance market conditions that have created the insurance availability and/or affordability crisis in some parts of the country. Insurance Company Rating Agencies’ Concerns Shrink Catastrophic Insurance Capacity - Insurance company rating agency stress tests now take into account all natural disasters on which the insurance company has loss exposures. Rating agencies are emphasizing overall catastrophic exposure in an insurer’s portfolio and encouraging insurance companies to develop strong internal catastrophic risk management programs. This is one factor behind the reduction in catastrophic insurance capacity by both primary insurers and reinsurers. Precipitously - According to reporting by Aon, active wind insurance and earthquake insurance capacity have declined by 60.5 percent and 21.6 percent, respectively, between September 2005 and July 2006. Catastrophic Insurance Pricing to Remain High – Policy holders with catastrophic risk exposure may never see their insurance premiums return to pre-Katrina levels due ... With the passage of HB 463 (The Brownfield Restoration and Land Renewal Act), the 2002 General Assembly directed the Department of Environmental Quality to evaluate options for providing low-cost insurance against third-party claims arising out of environmental contamination from brownfield sites.http://www.deq.state.va.us/regulations/pdf/bfinsurance.pdf. The most common method to help protect developers from third party claims is through the use of environmental insurance. Once thought to be too expensive, environmental insurance has become a viable option to transfer risk and help stabilize a developers long term environmental cost exposure. Commercial insurance is readily available from several companies and can be obtained through registered agents. 1. Secured Creditor Policies protect the bank in a similar way that private mortgage insurance works for home purchases. In general, it insures the balance of the loan in the event the developer defaults for any reason. Since CCC insurance typically applies only to cleanup costs, it is not direct insurance against third-party claims. Even then, this option does not necessarily achieve the goal of limiting the cost of insurance to the brownfields property developer or of guaranteeing that insurance would be available for every brownfields property. Unless there is vigorous competition within the insurance industry to insure these sites, or unless the state steps in to directly control the total premium that will be charged for the insurance, this option may simply have the effect of driving up costs of insurance at those sites that are considered most insurable, while less insurable sites still cannot get the coverage the desire. ... The purpose of the APIC program is to pay health insurance premiums on behalf of ADAP eligible participants.http://www.health.state.ny.us/diseases/aids/resources/adap/docs/apiceng.pdf. If you have any questions about completing this application, please contact our hotline at 1-800-542-2437. You must meet all ADAP eligibility requirements: New York State residency, and certain medical, income, and asset criteria. You are paying for, or will need to pay for, your insurance premiums and cannot afford them. Your policy has full prescription drug coverage and outpatient care is among the covered benefits. TYPES OF INSURANCE POLICIES COVERED: COBRA - COBRA is an extension of health insurance coverage through former employment, where the person pays the cost of the premium to continue coverage. DIRECT PAY – Insurance policy purchased directly from an Insurance Company. For APIC to pay your Medicare Part D premium, your Plan must bill you directly rather than deduct the payment from your Social Security check. Please review the entire application and fill out completely or processing will be delayed. D. INSURANCE COMPANY INFORMATION: Please obtain and send a copy of the front and back of your insurance cards. For COBRA, payment is often not made directly to the insurance company. insurance payment. Does your insurance company only cover a percentage of your prescription drug costs? I authorize the New York State Department of Health, Uninsured Care Programs, to obtain any information from the individuals or companies I have indicated on this form regarding my private health insurance coverage, including information regarding payee address, covered benefits and the status of my policy which will be used ... ese days, many more types of businesses — including insurance companies and phone companies — are using credit scores to decide whether to approve you for a loan or service and on what terms.http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre24.pdf. are among the businesses that are using credit scores to help decide if you’d be a good risk for insurance. A higher credit score means you are likely less of a risk, and in turn, means you will be more likely to get credit or insurance — or pay less for it. Some insurance companies also use credit re-port information, along with other factors, to help predict your likelihood of filing an insurance claim and the amount of the claim. ey may consider these factors when they decide whether to grant you insurance and the amount of the premium they charge. Each company may use its own scoring model, different scoring models for different types of credit or insurance, or a generic model developed by a scoring company. To develop a credit scoring system or model, a cred-itor or insurance company selects a random sample of its customers, or a sample of similar customers, and analyzes it statistically to identify characteristics that relate to risk. Credit scoring systems are complex and vary among creditors or insurance companies and for different types of credit or insurance. Credit scoring systems enable creditors or insurance companies to evaluate millions of applicants consis-tently on many different characteristics. What if I am denied credit or insurance, or don’t get the terms I want? In that case, the FCRA requires the creditor or insurance company to give you the name, address, and phone number of the consumer reporting company | |
