Term Life Insurance - What the Heck Does ‘Annuitant’ Mean
Few things in life are as complicated - and vital - as life insurance. In many cases, you may think that you need a lawyer present to sort through the jumble of confusing legal terms used in a standard term life insurance quote. You need to remember, life insurance companies rely heavily upon statistics that take into account a number of factors, such as age, medical history, and life expectancy, to calculate life insurance quotes for potential customers. These policies are legally binding, and the insurance company is taking a risk on anyone they insure - which is precisely why any given policy is filled with so much legal jargon that even lawyers might feel overwhelmed when reading through it! But don’t worry - there is a light at the end of the tunnel, because your life insurance quote is not as complicated as it may seem at first.
Do I even need term life insurance?
That is a great question, and the answer depends on exactly what needs you happen to have. There are numerous life insurance options, but for now we will just focus on the two big ones: term life insurance, and whole life insurance. You will want a term life insurance quote if you want to provide your family with protection against any outstanding debts. This includes things like mortgages or other large chunks of debt. Parents of young children, who want to make sure that their kids will be taken care of in the event of their death, generally buy a term life insurance policy. You will want a whole life insurance quote if you want to use the policy as a potential investment, as these policies build cash value over time.
I just want to make sure my loved ones are taken care of
In that case, you probably need a term life insurance quote. Again, whole life insurance policies are more for investment purposes, and this is why they have higher premiums. Term life insurance has lower premiums, but never builds any cash value, while a whole life insurance policy can be “cashed in” at some point.
OK, so I need term life insurance. What now?
Ah, nowthat is the question, isn’t it? Before you ask for a term life insurance quote, you need to decide just how long the “term” needs to be. Without getting in too deep and needing to bring the lawyers in, a term life insurance quote will be based upon a specified period of time. So, how long do you need the policy for?
Hey, I just thought it was life insurance! I thought you just needed ityou know, forever!
Actually, term life insurance is supposed to help you take care of your family and debts in the event of your untimely death. So, if you have young children who are 15 years away from leaving for college, then you might want to get a policy that lasts for 20 years. This way, they can go to college and hopefully become financially independent by the time the coverage expires. When trying to decide on the term to ask for in your life insurance quote, consider the following factors: your age, the amount of outstanding debt you have, and where children are concerned, the time it will take for them to be financially independent.
So I need a twenty-year term life insurance quotewhat else do I need to do?
Life truly is in the details, isn’t it? Well, after you have determined that you need term life insurance, and you know how long you’ll need the policy for, there will be some additional factors that will affect your quote. For instance, your term life insurance quote will most likely be contingent upon a medical exam, and there may even be a waiting period before it kicks in. Don’t take it personally!
After all, this policy could take care of your family after you are gone, and that will cost the insurance company a sizeable chunk of cash. They certainly don’t want to give someone a life insurance policy with a large payout if they have a terminal condition. But don’t worry; your term life insurance quote is contingent upon a fairly non-invasive exam that will involve a blood and urine test. So long as you pass those with flying colors, you will have your term life insurance policy - and the peace of mind that comes from knowing that your family will be taken care of should anything happen to you.
Albert Medinas has developed and maintains the website Life Insurance Directory, which answers the most common questions people have about Life Insurance. Please visit us at http://www.lifeinsurancedirectory.net today.
[tags]Life Insurance, Life Insurance Quote, Insurance, Insurance Quote[/tags]
Real Estate Investing Should You Raid Your Insurance Cash Value For A Down Payment
Are you looking for a great down payment source for your next real estate purchase? Are you otherwise qualified for a mortgage loan, but unable to pull together a down payment? Consider tapping the accumulated cash value in your whole life policy. By doing so, you are merely shifting your investment between two investment vehicles.
In today’s relatively easy mortgage market, getting an 85% -95% mortgage advance rate is not that difficult if you have excellent credit. If your credit standing is less than stellar or if you can not muster a down payment, you may need substantial cash at the closing. An excellent place to look for cash is your whole life policies (or perhaps those of a parent).
The advantages of tapping your accumulated cash value are:
The loan probably will not affect your credit rating since insurance companies rarely report loans to the credit agencies.
Policy loan repayment can be very flexible as long as you pay the interest on the loan.
Unless you borrow the majority of the accumulated cash value, you can even service interest payments for a short while by borrowing more cash against the policy.
Interest on cash value loans is reasonable, usually between 6%-8% per year.
If you can service the interest for several years, you might be able to repay the loan by refinancing your real estate (assuming the real estate appreciates).
In general, because of the financial leverage involved in real estate, the cash borrowed from your insurance policy used to acquire real estate will grow much faster than keeping it in your insurance policy.
There are certainly some drawbacks to borrowing against your policies. Here are a few:
Whole life policies from stable insurance companies are usually lower risk investments than real estate. Real estate is an illiquid investment that does not always appreciate. In fact, real estate can sometimes drop in value, wiping out your equity position.
The interest on a policy loan is not tax deductible, while the interest on a second mortgage/home equity loan usually is (if you have either of these choices).
If you allow the life insurance policy to lapse or default in making loan payments, it can result in a significant tax liability. Any termination in your policy will trigger such an event. If you have borrowed against the policy, you may not have sufficient cash to pay the taxes.
Loans against a policy reduce the policy’s death benefit. There would be less money available for the policy’s beneficiary.
Notwithstanding the disadvantages of borrowing against cash value to help finance real estate, I think this source represents an excellent opportunity for young would-be homeowners and real estate investors. If you are first time home buyer, this source could be just the one to help you complete your first purchase.
George Parker is a co-founder, Director and Executive Vice President of Leasing Technologies International, Inc. (”LTI”). A twenty-five year industry leader, George is a frequent panelist and author of several articles and e-books, including “Using Venture Leasing As A Competitive Weapon” and “101 Equipment Leasing Tips”.
Headquartered in Wilton, CT, LTI is a leasing firm specializing nationally in direct equipment financing and vendor leasing programs for emerging growth and later-stage, venture capital-backed companies. More information about LTI is available at: http://www.ltileasing.com
[tags]real estate,real estate investing,down payment,cash value,life insurance,home equity,second loan[/tags]
Planning Your Final Destination Don’t Forget Your Soul Insurance!
“And as it is appointed for men to die once, but after this the judgment.” (Hebrews 9: 27)
It has been said that the best deception Satan has accomplished is making people believe that he and Hell do not exist. People are quick to say, “I don’t believe in Hell. How could a God of love send people to Hell? I’m a good person.” That is a fallacy of inverse reasoning. What people fail to understand is that God doesn’t send anyone to Hellpeople who reject Christ as their Savior unknowingly choose a path paved directly to Hell.
In the Bible, there are countless references made to Hell. The most descriptive one is given by Christ discussing the parable of the rich man and Lazarus:
“The time came when the beggar died and the angels carried him to Abraham’s side. The rich man also died and was buried. In hell, where he was in torment, he looked up and saw Abraham far away, with Lazarus by his side. So he called to him, ‘Father Abraham, have pity on me and send Lazarus to dip the tip of his finger in water and cool my tongue, because I am in agony in this fire.’ But Abraham replied, ‘Son, remember that in your lifetime you received your good things, while Lazarus received bad things, but now he is comforted here and you are in agony. And besides all this, between us and you a great chasm has been fixed, so that those who want to go from here to you cannot, nor can anyone cross over from there to us.’ He answered, ‘Then I beg you, father, send Lazarus to my father’s house, for I have five brothers. Let him warn them, so that they will not also come to this place of torment’ (Luke 16: 22-28).
In reading this passage, one is aware that in Hell, the rich man had all of his five senses. Even in Hell, his eternal spirit remembered his brothers and Lazarus. Hell is a literal place and once the soul is there nothing can be done, for the judgment has been rendered. Although the rich man begged Abraham for mercy, Abraham was unable to help him even if he wanted to. Hell is a place of eternal torment. Forever. In Hell, those who do not accept Christ will be fully conscious of
Remorse and despair.
Eternal desire for the good that they know has damned their souls.
Memory of lost opportunities in life that could have caused them to be redeemed.
Regret over deeds committed.
Absolute hopelessness of escape from eternal misery.
Eternal separation from loved ones and of the love of God.
Ever deepening remorse for not listening to the Word of God and for not spending their time, talents, and money to spread it, so that many others could escape torment (Dakes Annotated Bible)
The Bible gives clear details on the location of Hell. Hell is located in the lower parts of the earth. In describing His upcoming conquer over death and taking the keys of Hades from Satan, Christ prophesied, “For as Jonah was three days and three nights in the belly of a huge fish, so the Son of Man will be three days and three nights in the heart of the earth.” (Matthew 12:40). Also, Apostle Paul confirms Hell’s location as in the lower parts of earth. “But He ascended? Now what can this, He ascended, mean but that He had previously descended from the heights of heaven into the depths, the lower parts of the earth? He who descended is the very same as He who also has ascended high above all the heavens, that He [His presence] might fill all things (the whole universe, from the lowest to the highest)” (Ephesians 4: 9-10).
It may seem pointless to believe in something that is not currently affecting reality. However, tomorrow is not guaranteed to anyone. In her book, A Divine Revelation of Hell, Mary K. Baxter describes her experiences of going to Hell. In one instance, she witnessed: “The old woman cried out to Jesus, Lord Jesus, please forgive me now. I’m sorry that I didn’t repent while I was on earth. With great sobs she cried out to Jesus, If only I had repented before it was too late! Lord, help me out here. I will serve You. I will be good. Haven’t I suffered enough? Why did I wait until too late? Oh, why did I wait until your Spirit quit striving with me? Jesus said to her, You had chance after chance to repent and serve Me. Sadness was written all over Jesus’ face as we walked away.” After her terrifying experiences Baxter commissioned those who read her book to repent of all their sins and ask Jesus to save them.
There are more documented cases of people going to Hell before being resuscitated back to life. Cardiologist, Dr. Maurice Rawlings documented in his book, Beyond Death’s Door, what his patients said during and after he resuscitated them back to life. The most life-altering story, which personally changed Dr. Rawlings life, mentions a forty-eight year old white male who dropped dead from cardiac arrest: “Each time he regained heartbeat and respiration, the patient screamed, I am in hell! The patient was terrified and pleaded with me to help him. I was scared to death. In fact, this episode literally scared the hell out of me! It terrified me enough to write this book. Then still another strange thing happened. He said, Don’t you understand? I am in hell. Each time you quit I go back to hell! Don’t let me go back to hell!” In addition, Rawlings recounts Kenneth Hagins’s experience.
Mr. Hagin wrote, “My spirit departed from my bodyI went down, down, down, until the lights of the earth faded awayThe further down I went the blacker it became, until it was all blackness. I could not have seen my hand if it had been one inch in front of my eyes. The further down I went, the more stifling it was and the hotter it was. Finally, way down below me, I could see lights flickering on the walls of the caverns of the damned. They were caused by the fires of hell. The giant orb of flame, white crested, pulled medrew me like a magnet draws metal unto itself. I did not want to go! I did not walk, but just as metal jumps to magnet, my spirit was drawn to that place. I could not take my eyes off it. The heat beat me in the face. Many years have now gone by, and yet I can see it with my eyes just as I saw it then. It is just as fresh in my memory as though it happened last night” Hagin’s experience led him to a life of ministry to share his story with others.
There is a controversy among people who don’t believe in Jesus, saying once they died and were brought back to life, they all saw a light at the end of the tunnel. Did you know that Satan has the ability to appear as an angel? “For such are false apostles, deceitful workers, transforming themselves into apostles of Jesus. And no wonder! For Satan himself transforms himself into an angel of light” (2nd Corinthians 11:13-14). Remember, Satan is Father of lies; his greatest deception is making people believe that there is no need to accept the salvation of Jesus Christour only mediator between God.
There have been both pleasant and terrifying accounts of near-death experiences. People who went to heaven described seeing their past loved ones, an over-whelming feeling of love, and a place of indescribable beauty. For as 1st Corinthians 2:9 says, “Eye has not seen, nor ear heard, nor have entered into the heart of the man the things which God has prepared for those who love Him.” Many followers of Christ who are near-death have a serene, even anticipated feeling towards deathknowing that their spirit and soul will return home to be with the Lord.
When a person dies, the soul (eternal being) will go to one of two places: Heaven or Hell. There are no in between places. Those who went to Hell have shared their experiences and were blessed have a second chance to accept Christ and not suffer eternity in agony. Once you take your last breath on this earth, you will not have an excuse for rejecting the truth. “For the truth about God is known to them instinctively; God has put this knowledge in their hearts. Since earliest times men have seen the earth and sky and all God made, and have known of his existence and great eternal power. So they have no excuse [when they stand before God at Judgment Day] (Rom. 1:19-20, The Living Bible). I ask that you don’t take that chance. Don’t gamble with your soul. What good will it be for a man if he gains the whole world, yet forfeits his soul? Or what can a man give in exchange for his soul? (Matthew 16: 26)
“And as it is appointed for men to die once, but after this the judgment.” You only have one opportunity. Read Romans 10:9 to obtain your soul insurance.
Nevada York, Author of Caught Up and Mahogany’s Revelation, released her latest book in July of 2004 to rave reviews from readers. Nevada’s published novels are an accomplishment that has been well worth the wait. Not willing to be deterred, her determination has bought about the publication of two memorable novels. http://nevadayork.com
[tags]Hell, Death, Reincarnation, death, soul, Jesus, Christ, Gehanna, Sheoul, Torment, Chains, Burning[/tags]
Shopping around for Term Life Insurance
Comparison shopping for term life insurance coverage is just a click away. However, before you go around clicking on websites, there some basic information you should be prepared to provide to get preliminary quotes:
Aside from the obvious underwriting information such as your name, age and gender, you will have to provide more detailed information such as:
Weight: If your height weight ratio is not within certain limits (in other words you are overweight) it may affect your rate.
Do you smoke? Smokers pay a higher rate than non smokers. Rates can be as much as three times higher. However if you have quit smoking for at least a year prior to submitting your application, you may save some money.
Health: Companies want to know how much you exercise and what type of lifestyle you live. Do you participate in risky activities like racing, scuba diving, sky diving, rock climbing?
Type of work: Is your job hazardous? For example, if you work in underground mining, high-rise construction or work with explosives, you’ll carry a higher rate.
Driving record If you’ve been convicted of reckless driving or DWI in the last 5 years will increase your rate.
Your familial history Have your parents or siblings had cancer or cardiovascular disease before the age of 60?
You may be tempted to tell the insurance company what they want to hear (even if it’s not exactly the truth), but don’t. Lying on your application may void your insurance coverage.
Once you’ve elicited quotes from several companies, compare your rates and make sure your insurance company will be around for the long haul. Check their AM Best rating. AM Best is a company that measures the financial stability/solvency of insurance companies. A very low quote from a financially unstable company won’t do you a lot of good if they’re not going to be around to pay the claim.
View our Recommended Life Insurance Company This site is simple and easy to fill out a quote and has a lot of great info about Home Insurance and Affordable Health Insurance.
[tags]shopping,for,term,life,insurance[/tags]
Term Life Insurance with no Exam
Everyone wants a painless and easy approach when it comes to purchasing life insurance. That can actually be a reality if you know what to look for when shopping for life insurance. The painless part has every thing to do with the cost. Term life insurance is by far the least expensive of all forms of life insurance. Easy has everything to do with making a life insurance purchase that is simple and time saving. That points to purchasing insurance that requires no medical exam. These are called the non-medical limits by most insurance companies. That’s the good news. The bad news is that the non-medical limits get very restrictive as you get older. Life insurance companies need examinations to underwrite policies as we get older.
If painless and easy is your goal then it behooves you to shop for the largest face amount of life insurance that you can purchase without a physical exam. The medical insurance bureau is used by almost all life insurance companies to investigate the medical background of all of its applicants. The MIB may have medical information on an applicant that may eventually require a medical examination or a rejection of the application. Do not seek a non-medical insurance policy to hide a pre-existing condition. A future claim may be denied because of misrepresentation on the application.
Try the marketplace and research the non-medical limits. If you are in good health and have no pre-existing condition then a life insurance purchase without an exam is a definite time saver and will make life easy for you and the insurance company. Make sure that you divulge all of your medical history on the application as well as your primary care physician. Annual physical exams and regular medical check ups are viewed as a positive by life insurance underwriters. There you have it. You have enough information to implement a painless and easy strategy for your next term life insurance purchase.
Our recommended quote sites Life Insurance Quote, Car Insurance Quote, Home Insurance Quote
[tags]term,life,insurance,no,exam[/tags]
Preparing for Your New Pet
Getting a new pet can be a lot of fun. You can choose from a dog, cat, hamster, gerbil, rabbit, and the list goes on and on. No matter what pet you choose, you will need to outfit them with the latest and greatest in pet gear. If you shop smart, you should be able to find many of your items for cheap.
The key to getting a good deal on pet gear is to shop early. Buy your items before your pet comes home with you. That way you won’t be rushed to pay more for the necessary items. The following is a list of supplies needed for a new pet.
Health supplies- vitamins and medications. These are available through your vets office or pet health websites like petmeds.com.
Food- daily food, plus treats. Do a bit of research to find the best type of food for your pet. Don’t forget to have treats for good behavior or to add variety to your pet’s diet.
Toys- catnip for cats, exercise wheels for hamsters, and chew toys for dogs. Try to get a variety of pets to keep your pet entertained and happy.
Cages/Crates- a place for your pet to call home. Every pet needs their own personal space. Make sure to set up their area prior to bringing the pet home.
Grooming supplies- specific to your type of pet.
The specifics of course, depend on the type of pet that you choose. All animals need food and water daily, as well as a chance to exercise and play.
Finding the cheapest pet gear is easier than you think. Try shopping online for the biggest discounts. You can try the larger chains like petsmart.com or you can try smaller specialty shops. Don’t forget to try auction sites like EBay.com. I like to go to Couponchief.com for coupon codes for almost everything I buy. They have a section dedicated to pet gear, and you may be able to save quite a bit on your pet gear. Look for free shipping deals to help sweeten the deal.
A new pet can bring a lot of joy into a family. Don’t break your budget buying pet gear. Bargain shop for the best deals, and buy only what you need. You can always buy more toys and treats as you find a good deal, so don’t worry about buying out the store on the very first day.
Melanie Breeze, avid online shopper and user of http://CouponChief, is always shopping around for the best deals. You can find gardening http://www.couponchief.com discount coupon codes at CouponChief, all in one location. Always find a free coupon 1st before making ANY purchase!
[tags]Pet, pet supply, pet insurance, coupons, discounts, deals, dog, cat[/tags]
Underinsurance Can Spell Disaster For Homeowners
Insurance is meant to give homeowners peace of mind, but an increasing number of policy holders are putting themselves at risk by neglecting to insure their home and contents adequately.
There is often confusion over the difference between guaranteed and extended replacement value insurance. Guaranteed replacement means that if the home is destroyed or severely damaged, the insurance company will pay for it to be rebuilt, whatever the cost. This is the most secure form of insurance for the homeowner, as it literally means the home is guaranteed to be replaced, but the deal carries a degree of risk to the insurer. While this type of policy used to be standard, it is now becoming increasingly difficult to even find an offer of a guaranteed replacement policy. It is now more common to be offered an extended replacement value policy, which covers a percentage of the value of the home of up to one hundred percent, plus an added percentage towards building costs. A replacement value policy simply pays an agreed set amount if the property is destroyed or badly damaged.
Consumers should also take into account the depreciation in the value of their contents over time, and insure their replacement value, rather than their resale value. After all, if the items are lost or stolen, they will need to be replaced with new items, not second hand ones.
An important aspect of managing the policy in the long term is to keep it up to date. Some policies will have an inflation effect built in, so the insured amount will automatically rise each time the policy comes up for renewal. A professional valuation should still be done on the property regularly, so that the policy holder can renegotiate with the insurance provider if the level of coverage has fallen behind.
David Cannell is a freelance writer and university educator. He is also the owner of http://www.insurance-andmore.com
[tags]insurance[/tags]
Flood Pumps; Purchases Prior Particularly Pitiful Storms
If you live in a flood zone and even if you live in a hundred year or thousand-year flood zone in your area it might be wise to buy a flood pump before the next huge storm. So many cities and counties have had extreme regional weather storms in the last few years and we all know that there are cycles and flows or patterns of weather that occur on the surface of the planet. It is silly to think that it can never happen to you.
Apparently this is a human characteristic of mankind in his unending optimism. Nevertheless, rather than playing victim and hoping that the government will save you it might be wise to have a sump pump in your garage and a portable generator.
There are many palms for as low as $300 that pump out between 5000 and 11,000 gallons per hour and can run off of a portable generator or their own power. You can buy these at Home Depot, Lowe’s or in the Northern tool catalog. It is also wise to buy me sump pump head to prevent clogging.
With proper landscaping around your house and a good flood Pump you can prevent flood damage to your home. Most all homeowners insurance policies do not cover flooding and therefore you are on your own.
Remember; land didn’t Noah build the arc? Before the flood right? I hope you will understand the importance of such things to protect yourself and your family during the next massive extreme storm. It could happen tomorrow. Please consider this in 2006.
Lance Winslow - Online Think Tank forum board. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs/
[tags]Flood Pumps, Purchases, sump pump, flooding, insurance, extreme weather, storm, regional, zone[/tags]
Life Insurance Policies The Opinions of Whole and Term
Unlike certain kinds of insurance, life insurance isn’t a requirement. Sure, it’s a nice cushion for your family in the event of your death; it’s even a nice cushion for you in the event of an emergency. Yet, since life insurance isn’t a requirement, many people choose not to purchase it.
Many people have just as many different opinions when it comes to whole life insurance policies and term life insurance policies, the two most popular kinds of life insurance policies. It is the opinion of some people that whole life insurance policies are the only way to go, with their “whole life” coverage and investment components. They like the guarantee of a whole life insurance policy - if it covers you for life, your beneficiary is inevitably going to use it one day - and feel as if investing money into something you may never use, such as a term life insurance policy, is ridiculous.
It is the opinion of other people that “whole life” coverage isn’t always needed. For example, parents may choose to purchase a term life insurance policy for a child who is at risk for inheriting a potentially fatal health condition. These people also tend to have the opinion that the investment components which come along with whole life insurance policies - investment components that are often described as “forced” - are actually a waste of money compared to the numerous other ways to wisely invest money.
When you’re ready to choose your own life insurance policy, takes the opinions of others with a grain of salt. In other words, take their opinions into consideration - most of these people didn’t form their opinions on the different life insurance policies without some kind of experience - but don’t be swayed by their opinions. Research the different benefits of each kind of life insurance policy, as well, before making your decision about which kind of life insurance policy is best for you.
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[tags]life insurance,term life insurance,life insurance quote,term life insurance quote,whole life insuran[/tags]
Healthcare Reform Is Needed Now
Almost twenty percent of all Americans lack any form of healthcare insurance. Many
more are underinsured. Consequently, a great number of Americans receive little or
no healthcare at all. Many, but not all, of these people are women and children.
Some are destitute, but most are not. Quite a few of these uninsured are actually
working families who cannot afford coverage, yet, earn too much to be eligible for
Medi-Cal, the state’s healthcare provider.
In a great society, such as ours, it is a pity that we cannot provide what should be a
basic human right, to all of our citizens, equally. The level or quality of healthcare
should be an inalienable right of all people, not a privilege of the few. Money should
not be allowed to dictate that some should live in good health while others suffer in
humiliation and anger. The lack of universal healthcare is one of the greatest social
inequities of our society.
A single payer healthcare system would go a long way toward leveling the playing
field for all. A single payer system is one in which a single entity, such as Medi-Cal,
procures, provides and or pays for all healthcare needs. Providing uniform and
universal healthcare for all, regardless of race or stature, can only improve our
entire civilization. The common good is served best by serving all.
However, profits dictate the rules in U.S. healthcare today. So long as healthcare
thrives only as a function of profit, a single payer system will never come to pass.
Insurance companies, agents, lawyers, and doctors, pharmaceutical companies,
medical suppliers and even hospitals all compete for money in a cutthroat fashion.
In concert, they consume in excess of one-third of the Gross Domestic Product, in
the U.S. Yet, every day, people are denied adequate care because they can pay no
more. This profiteering in the healthcare industry must stop.
The U.S. is the only major industrialized nation in the world that does not provide
cradle to grave health care for its citizenry. We produce ground breaking technology
in the medical field, yet ignore the needs of our indigent children.
The triumvirate of Insurers, Practitioners and Apothecaries must be reined in
somehow. Who would pay for this single payer system? Wouldn’t we have to raise
our contributions to make up for those who can’t pay? You and I already do just
that. We pay for the services that others receive through taxes. However, the money
is squandered in fat salaries, perks, lawsuits, insurance and just plain fraud. Studies
suggest that only twenty percent of all modern allopathic (western medicine)
treatments have been proven clinically efficacious in scientific trials. That means
that eighty percent of today’s medical proceedures are unwarranted, unnecessary
and ineffective. The elimination of healthcare insurers would realize an immediate
savings because there would be no overhead or profits to realize.
Shareholders equity would not determine your degree of healthcare. No insurers
would mean no claims forms, agents and their commissions, fraud to perpetrate or
arbitrations. No insurers would mean fast, efficient and effective healthcare for all.
The current form of healthcare insurance in this country serves only to perpetuate
its bloated existence.
The limiting of liabilities is another area of great potential savings. Malpractice
insurance for medical practitioners is spiraling ever upward. Claims for damages,
albeit legitimate, are all too often excessive, in pursuit of punitive effect. The
punishment, however, flows to the consumer, who pays for the fines with increased
prices. The legal system becomes just a bloated, insurance driven bureaucracy, that
feasts on the suffering of humanity. Such actions are shameful, indeed.
Nationalization of pharmaceutical companies would also contribute in a positive
fashion. Medicine could return to the pursuit of pure science instead of the
headlong rush to market expensive “buzzword” drugs. Many existing therapies and
treatments exist only because they produce a sizable profit. Something is wrong
when more money is spent on the marketing of nicotine patches than on the
prevention of teen smoking.
Cut the fat and get on with the show. I’m getting old in a hurry and this situation
scares the hell out of me. Half of all the money that you will ever spend in your life
on medical care will be spent in the last three months of your life. That is a
statistical fact. Wouldn’t it be nice if we could afford to pay for it? If other nations
can provide universal healthcare for citizens, why then, can’t we?
http://www.lonelycanuck.com
[tags]healthcare, reform, medicaid, medicare, insurance[/tags]
