Health Insurance Portland Oregon OR
Reader’s Question:
Has anyone heard of ‘universal coverage’ and ‘single payer system’ in the context of life insurance in Portland Oregon OR?
Eugene
Portland, OR
These terms really pertain to discussions in health care reform, which are separate but related concepts.
Universal coverage refers to a health care system in the US where every individual has health coverage. On the other hand, single-payer system is one in which there is one party – usually the government – responsible for paying health care claims.
This specific system contrasts with the current U.S. health care system. In most cases though, universal coverage and single-payer system go hand-in-hand. This is because a country’s federal government is the most likely candidate to administer and pay for a health care system covering millions of people. It is hard to imagine a private entity having the resources to establish a nationwide health care coverage system.
It is also possible to have universal coverage without having a single-payer system in Portland Oregon. Although various political interests will likely prevent this from ever happening, but it is still possible to construct such a system, which would provide universal coverage with multiple payers.
Interestingly, while it is theoretically possible to have a single-payer system without having universal coverage, it is extremely unlikely to ever occur because the single-payer would undoubtedly be the federal government. You know what, if our own government adopts such a system, it would not be politically viable for them to exclude any citizen from coverage, even in Portland Oregon OR.
Tags: health insurance, health insurance policies
Life Insurance Leads Bend Oregon OR
Reader’s Question:
I am trying to figure out what to do. Should I invest in investment funds or purchase life insurance in Bend, Oregon to best protect my family?
Matthew
Bend, OR
Welcome Matthew,
Okay, you are thinking it through. Perhaps, I can help since I am also from Bend, Oregon. Life insurance protects your loved ones with a guaranteed death benefit. But, let’s take a closer look at your case in Bend OR. Chances are your family’s biggest, most vital source of income is your salary and earning potential. What would happen if you prematurely died and you left your orphaned family in Bend Oregon? How would they replace the lost income from you once you die? Would they lose everything they have right now in Bend, Oregon? How would they pay for their education? Life insurance provides comfort that these life situations will continue forward.
Market investing is a risk – reward venture and it has always been the American way. But, life insurance allows your family to move on, past your death. Suppose you died unexpectedly in the near future. It is unlikely that your short term investments would allow your family to continue their current life style. Life insurance will accomplish that goal.
Even if you want to invest, perhaps you should consider a term insurance policy. The payments are affordable and your family is protected. Permanent life insurance offers cash value accrual. Why not meet with a life insurance agent and get all the particulars? That’s my recommendation.
Tags: life insurance, life insurance leads
Long Term Care Leads Hillsboro Oregon OR
Reader’s Question:
My insurance agent in Hillsboro, Oregon is really pushing me to look into long term care insurance. Got any facts or information to make his case?
Jim
Hillsboro, OR
Dear Jim,
Let’s see if we can help your long term care insurance agent in Hillsboro, Oegon, who really does have your best interests at heart. There are plenty of numbers to support his advice. Are you ready? Try this. One in three, that’s right one in three Americans will spend an average of 2.9 years in a nursing facility or receiving long term care insurance benefits. Scary? You bet.
We don’t know your age, but long term care insurance is much more affordable if purchased at a younger age. A long term care insurance policy sold to an 80 year old man will cot an average of eight times what it would cost if purchased at age 50. How is your long term care insurance looking now?
Here’s just one more thing to consider. Debilitating illness is not selective. It happens to anyone alive at any age. Would you want your family to be burdened with losing your income and having to pay for your assisted living. Long term care insurance can relieve that burden. Meet with your agent again in Hillsboro, OR and get the full scoop on long term care insurance.
Tags: long term care, long term care leads
Home Insurance Gresham Oregon OR
Reader’s Question:
Our neighborhood recently suffered vandalism and theft in Gresham, Oregon. We were spared but it set my mind to wondering about our home insurance and what we should do. Any suggestions?
Angel,
Gresham, OR
Hello Angel,
I guess you were lucky. Every now and then a wakeup call goes out. Home accidents and theft and acts of vandalism do happen. Home owners insurance Gresham, Oregon can greatly help. In fact, home insurance carriers want your help and generally they will reward you with discounts for good behavior!
Installing a security system is a good step. Smoke detectors help. Notify your home insurance agent when you take these steps. But, there are other important things that you can do too. Label your small items and identify electronic equipment by engraving your driver’s license number on the items.
Every year, you should inventory your home. Make a record and review it to your home insurance agent. You have items that depreciate and items that appreciate in your house. Your home insurance agent might have suggestions on how to make sure the valuables are completely covered. This might require an additional endorsement to your home insurance coverage but it is well worth it. Make sure valuable are in a safe place. You should always secure them if possible. That may qualify you for a reduction in your home insurance premiums. The best motto is to be safe and know where valuables are.
Tags: home insurance, home insurance leads
Life Insurance Beaverton Oregon OR
Reader’s Question:
My friend here in Beaverton, Oregon was discussing a decreasing term life insurance and I couldn’t understand her. Could you please reach out and explain further?
Amie
Beaverton, OR
Hello, Amie!
There are actually three major types of Life Insurance and one of those is Decreasing Term. This is the type of insurance that provides death benefits that increases in a specified manner.
Say, the benefit during the first year of a five year decreasing policy is $10 000, and is decreasing by $2 000 every year. At the end of the fifth year, the coverage expires and its value would be zero. Premiums for this type of insurance usually remain level throughout the term.
This type of insurance is used in order to cover a mortgage. Say you have a $100,000 mortgage and take out the Level Cover, you will be paying your monthly premiums and when you suddenly die, your beneficiaries will receive that $100,000 from the company.
But if you take out Decreasing cover, you will pay lower premiums but will also receive lower amount of money upon death since the amount you are supposed to pay to cover the mortgage will be the same amount your beneficiaries will receive when you, as the insured dies.
Hope you learn from us, Amie! Should you need more detailed information, it will be best for you to talk to your local insurer in Beaverton, OR because most policies are provider exclusive.
Tags: life insurance, life insurance policy
Auto Insurance Information Oregon OR
Reader’s Question:
Hi. I’m just curious. Why is it that prices for auto insurance policy differ? I often wonder why a person can’t get a fixed price for auto insurance in Oregon. Hope you can answer this.
Jude
Northwest Clackamas, OR
Hello Jude.
Sure, we can help out with your curiosity. We’re here for curious people like you.
First of all, prices for auto insurance differ because we can’t treat auto insurance as a commodity. Even commodities differ in prices. How much more for auto insurance which is based on risks and uncertainty of events? The higher the probability of risk for the insured vehicle, the higher the price. I will give you the factors of what determines the price of auto insurance policy,
• Driving record. The clearer your driving record is, the lesser price you get for auto insurance. This is because the record shows your driving practices. The traffic violations you had will also show in your driving record and will affect auto insurance price.
• Policyholder age. Most of the time, auto insurance company view younger drivers to be insurance risk. The more mature the policyholder for auto insurance is, the most likely that there are lesser risk of accidents so prices for auto insurance may be lower.
• Car Age. A vehicle that is old costs more than brand new. It’s obvious that older cars are most likely to be damaged easily than brand new ones.
• Location. Where you live also determines the price for auto insurance. If your location has high rates of theft, vandalism, natural disasters or road accidents, then the auto insurance price would cost more.
• Coverage Amount. Of course, when the amount of coverage in auto insurance is higher, the higher the price. When your have 250,000 dollars of collision coverage on auto insurance, your rate is higher than when you get 100,000 dollars collision coverage.
Home Insurance Question Oregon OR
Reader’s Question:
Will I get coverage from my home insurance for damages caused by disaster like floods, earthquakes, or hurricanes? I am from Oregon and I am planning to move to Florida soon.
Billy
Portland, OR
Hello there, Billy.
Most home insurance companies will simply deny coverage for disasters and acts of god, especially if you are in a less disastrous are like Oregon. However, since Florida is a hurricane zone, there might be a lot of insurers there that will offer protection for homeowners of this disastrous area.
If you find a good insurer that will offer such coverage, you might want to purchase additional protection against any type of catastrophe such as earthquakes, floods, and hurricanes. Now if you are found homeless due to a covered disaster or your house might need repair after a disaster, then your insurance policy can offer funds to cover your losses and actual costs to repair or reconstruct your house. On top of that, you will be covered for the costs of moving your family from one home to another temporary residence if you purchased additional living expenses. Some insurers would even cover for money for food and clothing.
In any way, your insurer may reimburse you for your damaged personal belongings in 2 ways: actual cash value and replacement costs. If and when your insurer offers you the actual cash value of your possession, then you are going to get reimbursed for the depreciated value only. The older the claimed items are, the less money you are going to get if these are stolen or damaged.
Long term care insurance question Oregon
Reader’s Question:
I have a long term care insurance policy in Oregon. Will that also cover my injuries?
Jin Beam
Eugene, OR
Hello there, Jin Beam
I am glad that you cared to ask this from me because most people do not know a lot about long term care insurance policies.
Even if long term care insurance policies are intended to pay for long term care, you can also check to see and make sure that injuries are also covered by your insurance in Oregon.
Among the many things that you need to remember is that you will only be covered by long term care insurance when you are in the long term care facility. That really means your injuries are only covered if and only if you are in the long term care facility.
Since a long term care insurance policy is something that is very important, you need to understand how long it is going to last and what types of injuries in the long term care facility are covered.
Most long term care insurance policies are pretty straightforward and are usually purchased when a person gets older, although some invest while they are younger to avail of lower premiums.
To better assist you with any pertinent details exclusive to your policy, it is best to set an appointment with your local insurance agent in Oregon so it will be explained to you.
Hope this helps you, Jin Beam!
Oregon OR Car Insurance Problem
Reader’s Question:
I just want to ask if I could be the one to insure my sister’s car in Oregon. She flew back to Canada without being able to enroll her car an insurance policy. Please reach out and keep safe!
Mathilda
Salem, OR
Hello, Mathilda! It’s so nice of you to be looking after the welfare of your sister. Well, since you’re the one looking after the car now, it’s but your responsibility as well to insure it. Yes, you can insure her car in Oregon even without her presence. You can always insure property of other person. As long as she has given you the full authority to do so and you were supported by documents like a letter intended for this matter and her identification cards for verification, there will never be problems to encounter regarding this situation. Everything will run smooth and according to your plan.
But remember you can not insure the property of other people if there is no insurable interest that exists. You should still prove that you are the one having the custody or control of the vehicle. Sometimes, it depends on the content of the policy also. Some companies allows one to insure a vehicle without requirement of ownership but you must prove them the vehicle is really entitled for you to take of charge.
As far as I know, that is their first concern, and they never allow people to insure other’s property if they can not prove their worth.
Annuities Help Oregon OR
Reader’s question:
I have been researching annuities. It seems that either a fixed annuity or a lifetime annuity is right for my purposes. I think I get it, but what can you tell me?
Sam
Medford, OR
Howdy, Sam!
Good question. There are important differences between fixed and lifetime annuities. A fixed annuity generates income for a specified or fixed period of time. The payout is not connected to the owner’s age. The return is directly related to the contribution amount of the annuity investment, the defined length of time the payments continue and the annual interest rate which is determined by the carrier.
Lifetime annuities operate differently. A person is connected to the lifetime annuity. This person is referred to as the “annuitant”. In a lifetime annuity, income is generated for the duration of the annuitant’s life. There are interesting variations to lifetime programs.
As carriers offer modifications of these concepts, it is always best to consult a representative or agent in Oregon who can further explain the deferred-tax benefits of the programs. It sounds like you need to decide whether you seek income over a pre-determined period of time or whether you are looking for income the rest of your life. Make sure you understand the full tax benefits of the annuities.
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