Auto Insurance

Can i quit smoking one week before my insurance company medical exam and my test results be negative?

If so, what happens if I die from lung cancer 20 years later? Will the insurance company protest or pay up?

Moral aspects of lying on the application are one part of the issue.

1. The technicalities though are such that the medical test will not show anything after 3 days of not smoking – I have read an article on that.

2. Contestability period is limited to 2 years in California and many other states (insurance is regulated at the state, not federal level). For insurance company to contest the policy the person should die from smoking, not from another cause.

3. Since insurance fraud happens allot it is being calculated into the premium – we all are paying for that insuring cars, homes, autos and lives.

The Insurance Company by Isaac Hayes from Truck Turner

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I was with the same insurance company for 10 years using the same local agent. My car insurance rates kept going up every time my policy was renewed. I decided to explore and see what better rates I could get with other car insurance companies. Friends and family gave me names of local agents from insurance companies they used. All the agents quoted me really high. Then, I called a major insurance company’s 800 number (not through an agent) and got the lowest quote. So, why do people use insurance agents? Is there a reason why it’s better to use an agent?

In addition to what a-mac said; if you have a claim but you are unsure if it is covered you can discuss it with your agent without submitting it to the company. (Companies do not like this – fyi)
If you call the company, and it turns out there is no payout on the claim it will count against you and you will probably see a change in your rates.
Remember: you get what you pay for. There is one company that has an 800 number that I would be extremely cautious with…

Tweet the people in this video: http://seiu.org/lewin

Get involved in the movement to win health care reform at http://www.seiu.org/healthcare

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I’ve heard about pre-existing conditions and all, but what about getting seriously ill AFTER you have insurance? Let’s say you’re generally healthy, and already have heath insurance which you pay for yourself, at a reasonable rate. Then you get a long term illness, or get into a terrible accident, and need years of expensive care. Of course you keep your policy up to date… Can the company raise your rates by triple (or worse) if you get sick this way?

If you’re covered by GROUP insurance (through your employer, for example), your rates will NOT be raised simply because you got sick or injured. Those rates are based upon the group and while they may go up each year, they will NOT go up specifically for you.

However, if you have an individual policy, your rates could possibly be increased if you have an influx of claims. Unlike someone above me said, this is EXACTLY like car insurance. Your car insurance (which is an individual policy) is likely to go up if you have a large claim. Same thing is true of individual medical coverage. It’s just a sad fact of life. When you’re not part of a group plan, you are shouldering all the risk yourself. So if you incur a lot of charges, you may very well see an increase.

If the deceased person had supplemental life insurance through their job that was 5 times their annual salary. How does the insurance company decide how much the beneficiaries should receive if they even receive anything.

The insurance company doesn’t "decide". They go with however much insurance was purchased. They pay out exactly who was named as beneficiary, exactly the percentage or dollar amount that the deceased told them to pay out.

It’s all decided by the insured, on a group life policy.

March 4 (Bloomberg) — Linda Douglass, a White House spokeswoman for health care, talks with Bloombergs Mark Crumpton and Julie Hyman about how legislation overhauling the U.S. health-care system would address increases in health-insurance rates.
President Barack Obama and U.S. Health and Human Services Secretary Kathleen Sebelius met with executives of the top health insurers after WellPoint Inc., the largest insurance company by membership, proposed a 39 percent rate increase for some policyholders in California. (Source: Bloomberg)

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I am 20 years old, looking to buy a used car, just received my G license. What company is reliable and cheap for insurance?

It is a Common situation many people have met,calm down,and check the resource here

http://www.AutoInsuranceFree.info

i found fair useful

Kathleen Sebelius, HHS Secretary, and Nancy-Ann DeParle, Director of the White House Office of Health Reform, answer your questions about health reform and insurance companies.

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What life insurance company is the best in the nation to work for and why? I am doing research and trying to figure out which life insurance company is best to work for or what is the best strategy working in the insurance field.

Allstate is by far the best. They are ranked in the top 50 employers book.