Missionary Insurance Covers More than Missions!

Although the term missionary insurance is used more commonly to refer to insurance purchased by those traveling abroad for philanthropic work, the insurance can be utilized by a wide variety of people. The basic eligibility for missionary insurance is that the applicant must be under 74 years of age and must plan to spend some time outside the United States. Theoretically, an international traveler might be able to purchase missionary insurance. However, the coverage provided by missionary insurance is usually tailored for typical mission-specific conditions, and will not work for the casual traveler. Other groups of people who can utilize […]

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How Does Insurance Work?

Whether it be visitor medical insurance, student insurance, or immigrant insurance, the principles of insurance remain the same. Many people are puzzled as to why their insurance premium is higher than their neighbors’. Insurance follows certain basic principles, and all the variables you see—the deductible, the premium, the co-pay—are related, and affect each other. Insurance works on a basic principle—the spreading of risk over large numbers. So, in effect, when 100 people purchase international travel insurance for $100 each, the insurance company receives $10,000, which is then used to settle the claims of those who are exposed to the risk […]

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The Story of Insurance–from Goods to Eyebrows!

These days, you can purchase many types of insurance plans at a mere click of a mouse—right from visitors’ insurance to international student insurance. And you can insure pretty much anything too—from your voice, to your shapely legs, if you’d so like. But insurance wasn’t always so inclusive. The only things considered worthy of insurance were goods that were traded. The earliest concept of paying for insurance was pioneered by the Babylonians as early as the 16th century BC and was used by merchants who set out to sea. They paid an extra sum to their money lenders so that […]

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Why Should I Purchase OPT Insurance?

OPT health insurance may seem like an extravagance in today’s scenario, but consider it an investment well made. There is no law as yet that requires you to have health insurance while on the optional practical training period. Plus, it might seem like you are hale and healthy, and don’t really need insurance. Remember, though, that the basic principle of insurance is to protect against unfavourable situations. And falling ill when a student certainly falls into that category. If you think that OPT insurance is an expense you can ill-afford as a student, consider the following factors. Not having OPT […]

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Assurant Insurance Coverage for Those In-Between

The economy is sure looking up but for those who have borne the brunt of the recession, short term health insurance may still be the best option for healthcare financing. There are several short-term health insurance plans available in the market, including Assurant’s Short-Term Medical. The plan may provide just the coverage you need. The plan is part of Assurant’s network of health insurance plans, and is ideal for coverage of less than six months, with no pre-existing conditions. To be eligible for the plan, you must be less than 65 years old and your dependents must be under 18 […]

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Buy Low-Priced Insurance to Avoid High Sticker Shock!

Parents of U.S. citizens often ignore the need for visitors’ health insurance when visiting the United States. If a parent has made a couple of trips to the United States with insurance and has not made a single claim, it might be very tempting to forego insurance on a forthcoming trip. The risks, however, are too huge and real to take. Let’s take the imaginary case of Mr. Paul Belowski. He figures that with his heart ailment, he might not be able to get coverage for any ailment, and goes without insurance. He ends up with an eye infection, something […]

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Faster, Higher, Swifter with Extreme Sports Insurance

If you’re passionate about rock climbing, and have tickets booked for the awesome rock formations of Wharepapa, you’ll need more than the benefits offered by a regular travel insurance policy. You’ll need sports travel insurance that will cover injuries or accidents arising out of your rock climbing. The Patriot Extreme plan is one such plan specially tailored for extreme sports enthusiasts traveling abroad. Two plans—Patriot Extreme International, for U.S. citizens traveling outside the U.S., and Patriot Extreme America, for non-U.S. citizens traveling outside their home country—make up the Patriot Extreme offering. The plan is a comprehensive benefit plan, and carries […]

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Study USA Insurance Unfetters Students Away from Home

Study USA Insurance brings a simple and cost-effective student health insurance plan to the reach of all students studying outside their home country. The Study USA-Healthcare Insurance plan covers both international students studying in the United States and U.S. students going abroad for studies. The plan is specifically tailored to meet the needs of students, and is a comprehensive plan with inexpensive premiums. The premium is as low as $38 per month for students under 24 years of age. There are two levels of coverage—at $250,000 and $300,000 maximum benefit per injury or illness. The plan covers inpatient and outpatient […]

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Gender Parity in Insurance Rates: The Raging Debate

Man and woman may have been created equal, but inequity persists, even at the level of visitors medical insurance. In fact, many health insurance plans, especially long-term health insurance plans, charge a higher premium for women than men. And why is that? Detailed actuarial studies have shown that young women tend to use more medical facilities than young men. After their 50s, though, men tend to use more medical facilities than women, owing to the onset of chronic illness such as hypertension and cardiac problems. Several states have banned the practice of gender-based insurance rates. California banned the practice recently, […]

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Insurance That Follows You Around the World

You’ve just been transferred to your European office—a dream come true for you. However, did you know that your term life insurance may not be valid if you pass on when living in a foreign country? If the unthinkable happens when you are in your new station, how can you ensure that your family stays protected financially? Enter international life insurance with overseas coverage. With a suitable plan such as MNU’s IC+ Term Life insurance, you can receive coverage for up to 10 years. The plan maximum is $2 million, and if you are applying for more than $350,000, you […]

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