Before you set out to buy your life insurance, there are some things you need to sort out. Here are some of the few questions that will help you to assess your insurance needs.
Do you maintain a saving or do you live on paychecks monthly?
Why you need to answer this question is that if you do not have a saving then, a health plan with low deductible will be good for you. If you have kept a saving account then you can well afford a higher deductible though you can find a plan with a lower premium.
Do you have any preexistent medical conditions?
Often people with pre existing conditions like cancer or diabetes find it difficult to get the approval for Family and Individual coverage. But don’t be alarmed as there are many insurance companies who approve this particular kind of applications.
Do you visit your doctor often?
If you do visit your doctor often then, it does make sense to pay higher premium monthly to keep the office-visit copayment as well as the deductible low. If the visit is rare, then to keep a stout coverage is useless.
Did you spend more or less on health care the previous year?
Spending more or less on health would determine what kind of plans you would take. If there are recurring costs then make sure you choose a plan that covers the costs. If you happen to spend less on health care then, you can go for a plan that provides a less generous coverage and that ways you can save money.
Do you maintain a saving or do you live on paychecks monthly?
Why you need to answer this question is that if you do not have a saving then, a health plan with low deductible will be good for you. If you have kept a saving account then you can well afford a higher deductible though you can find a plan with a lower premium.
Do you have any preexistent medical conditions?
Often people with pre existing conditions like cancer or diabetes find it difficult to get the approval for Family and Individual coverage. But don’t be alarmed as there are many insurance companies who approve this particular kind of applications.
Do you visit your doctor often?
If you do visit your doctor often then, it does make sense to pay higher premium monthly to keep the office-visit copayment as well as the deductible low. If the visit is rare, then to keep a stout coverage is useless.
Did you spend more or less on health care the previous year?
Spending more or less on health would determine what kind of plans you would take. If there are recurring costs then make sure you choose a plan that covers the costs. If you happen to spend less on health care then, you can go for a plan that provides a less generous coverage and that ways you can save money.
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