There are some essential things in life that many of us tend to procrastinate. For young parents, the list of responsibilities you acquire feels ever-mounting, and so doing simple, important things like signing up for life insurance can often fall by the wayside. When getting a policy is known to take a long time, and we live in a digital age that gets faster by the minute, it's understandable that barely over half of U.S. adults are covered. At the same time, it's not uncommon to talk to someone who does have coverage and wishes that they had secured a policy when they were younger. So if your family and career are growing, don't waste any more time. You can get a quote and secure a policy...
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Life insurance provides financial protection for you and your family. During open enrollment, you can apply for guaranteed member, spouse and child coverage without answering health questions. Open Enrollment Dates September 1-30: Cities, counties and school employers October 1-31: State agencies and Kansas Board of Regents For help determining how much coverage you need, check out the Decision Support Tool. Guaranteed coverage for open enrollment: Note: KP&F members must have employee optional coverage to be eligible for spouse coverage Note: KPERS retirees are not eligible for member coverage. You cannot cover your spouse if he/she is an active member of KPERS, KP&F, Judges or...
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Protect your loved ones after you are gone. Life insurance provides your family with financial support after your passing. Life insurance helps your family members cover basic expenses & bills and even allows for money to be set aside for housing and college for dependents. Having a life insurance policy works just like any other insurance coverage, you pay a premium and the event of your death the insurance company pays off a certain amount to your beneficiaries. The amounts they receive and the terms of the policy depends on what you sign up and qualify for. Best of all, life insurance proceeds are tax free to your beneficiaries. Here at Inszone Insurance, we have expert and...
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Buying life insurance for the first time can be a bit confusing, but our agency is available to help you through the process. Here we have outlined the steps you will need to take to purchase a life insurance policy. Half the battle is knowing the life insurance terminology. Use a good glossary to get a full understanding of terms such as: Beneficiary: The person or entity that receives the insurance benefits after you die. Death benefits: The amount of cash paid out to your beneficiaries after your death. Policy: This is the document that details your coverage, death benefits, and premiums. It also lists the conditions that must be met for the benefits to be paid out. Premium: The amount...
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The latest data snapshot released today by the Financial Services Council (FSC), shows another solid year of meeting customer needs for the life insurance sector, with the number of life insurance covers increasing by 92,000 to 4.2 million over 2021. The data snapshot also shows that the sector paid out $308 million in claims in the last quarter of 2021 and that 96% of claims made over the same period were paid. Richard Klipin, Chief Executive Officer of the Financial Services Council, said “As we saw in the FSC health insurance data released last week, Covid-19 looks to be having a similar impact on families looking to protect their financial wellbeing and better manage their risk with...
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There’s nothing worse than hitting a roadblock when you’re trying to do the right thing to protect your family, right? Like applying for life insurance only to find out your application has been denied. If this happens, what’s your next move? Don’t worry: There are options out there, and we’re here to walk you through exactly what you should do if your life insurance application is denied. Ask for More Information Opening that letter from the life insurance company and seeing, “Sorry, but... ” is enough to worry anyone—especially if you have a family who relies on your income. So if this happens to you, your first move should be to contact...
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Ezicover Life Insurance Provided by Zurich Australia We don’t like to think about it, but people can become terminally ill or pass away – sometimes without warning. While you can’t predict tomorrow, you can take out life cover to help look after your loved ones after you’ve gone. Visit Zurich for more information and to get a quote today. This information is current as at date of publication and is subject to change. The issuer of this information is ANZ. While ANZ has taken care to ensure that this information is from reliable sources, it cannot warrant its accuracy, completeness or suitability for your intended use. To the extent permitted by law, ANZ does not accept any responsibility or...
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When is open enrollment? Open enrollment is the annual period when employees can make changes to their benefit plans. Employees can enroll in plans, switch to new ones, or opt out of plans during this time period. The open enrollment period generally runs from November 1 to December 15 every year, although your state’s specific time frame may be slightly different. If this period of time passes you need to wait until the next open enrollment period to make changes unless you have a qualifying life event (QLE). Losing existing health coverage, including job-based, individual, and student plans Losing eligibility for Medicare, Medicaid, or CHIP Turning 26 and losing coverage through a parent’...
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Open Enrollment Hospital does not include certain facilities such as nursing homes, convalescent care or extended care facilities. See your Disclosure Statement or Outline of Coverage/Disclosure Document for full details. You can contribute to an HSA if: (1) you are not covered under any other health plan that is not a qualified HDHP, including a general purpose health care Flexible Spending Account (FSA) or Health Reimbursement Account (HRA), or if you are not covered under TRICARE; (2) you are not enrolled in Medicare or Medicaid and (3) you cannot be claimed as a dependent on another person’s tax return. Dental Insurance Disclaimer: Like most group benefits programs, benefit programs...
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SINGAPORE - Policyholders feeling the effects of the Covid-19 pandemic now have more time to pay their premiums with the extension of relief measures by the insurance industry. The Life Insurance Association, Singapore (LIA Singapore) announced on Friday (Sept 18) a second Deferred Premium Payment (DPP) window for new applications from policyholders whose premium due date or policy renewal date falls on or between Oct 1, 2020, and March 31, 2021. Policyholders who are not already on DPP can apply to their respective life insurers for a premium deferment of up to six months. This comes as the first six-month DDP window closes on Sept 30, which also allows policyholders to defer their premium...
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