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How To Get U.S. Life Insurance As A Foreign National
jennifer Mar, 05, 2021A foreign national is a person who is a U.S. citizen who lives outside the U.S. full time or a citizen of another country residing in or traveling to the U.S. As a foreign national, you can still get U.S.-based life insurance if you meet certain criteria. Here’s what you need to know if you’re thinking about buying a policy. U.S. And Global Financials The insurance company will want to know what your current ties…
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As insurance companies take over pension plans, are your payments at risk?
jenniferAs insurance companies take over corporate pensions, advocates are concerned about risks to retirees. How safe is your pension? As COVID-19 shutdowns hobble the U.S. economy, the question has taken on more urgency. While risks associated with underfunded pensions for state and local government employees have been known for years, a new concern has arisen, pension rights advocates say. It centers on the growing trend of insurance companies taking over pensions for employees of private…
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Thinking about borrowing cash from your life insurance?
jenniferYou can borrow against next week with a payday loan and against next month with a credit card. You can even borrow against your own retirement with a 401(k) loan. What about a life insurance loan? Well, it won’t affect your afterlife, but your heirs might not appreciate it. If you can get past that inconvenience, a life insurance loan may be a workable option for fast, emergency cash. According to an insurance report from…
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What Happens If Your Insurance Company Goes Out Of Business?
jenniferWhen insurance company AIG—which was considered “too big to fail”—was on the brink of failure during the Great Recession, the U.S. government stepped in to bail out the company in 2008. Bailouts like that don’t happen every day, though. In fact, you probably shouldn’t count on Uncle Sam saving your insurance company if its finances take a nosedive. However, you’re not totally out of luck if your insurer goes under. The states regulate insurers, and…
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How to Buy Life Insurance
jenniferIf you’re just starting the process of shopping for life insurance, you may be feeling a little overwhelmed. Thinking about your priorities can help set you on the right track. The main factors to consider when shopping for life insurance include what kind of policy is best for you, how much coverage you need and why, what life insurance company to use, and how life insurance will further your overall financial strategy. These are big…
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What to Do if You Don’t Have Health Insurance Right Now
jenniferWith coronavirus cases spiking across the country and the U.S. officially in a recession, it’s more important now than ever to make sure you have health insurance to protect yourself and your loved ones. Unfortunately, with millions of Americans left unemployed due to COVID-19-related closures and with many others struggling financially, far too many people could find themselves without coverage. If you’re one of the uninsured, you have a few different options for getting covered…
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HCA Healthcare Is Ready For The Future
jenniferCovid-19 has disrupted industries all across the globe, perhaps none more than the Healthcare industry. Hospitals incurred costly preparations for Covid-19 patients and big hits to revenue from reductions in nonurgent care patients. Investors who cannot see past the temporary disruption to HCA Healthcare Inc’s (HCA) operations are in the Danger Zone. I think there’s great value in this Long Idea. I previously made HCA Healthcare a Long Idea in December 2018. Since then, the…
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All regular health policies cover covid-19-related hospitalization
jenniferMost plans have an initial waiting period of 30 days, post which, covid-19 would be covered, unless it was a pre-existing condition I am a senior citizen living in the US with my son. I travelled here in February and have a return ticket for July-end. If the travel restrictions are lifted, can I travel back to India with a travel insurance that can cover any covid-19-related eventuality? Will travel insurance also cover costs for…
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Tips to run a successful healthcare business
jenniferBelieve it or not, but running a business is no easy feat, whether it be the corporate sector or healthcare. It is more like a journey of hurdles and challenges, especially in healthcare, since you have to rescue people from deadly diseases. With the rising demand for healthcare services, many people are trying their luck with healthcare businesses. They are attempting to solve the nation’s healthcare challenges, which is not a child’s play. Healthcare businesses…
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What to do when the pandemic sinks your health coverage
jenniferMany workers are at risk of being furloughed during COVID-19 — even if they’re not infected — the ongoing pandemic poses another worry: What happens to that employer-based health coverage when the employer closes the business? Simply losing a job, even temporarily, is bad enough, and the queue for unemployment benefits can seem to stretch beyond the horizon. But by one estimate, 28 million Americans also could have lost their employer-based health insurance because of…