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An insurance card that can be used in emergencies

A friend of mine was rushed to the emergency room due to a sudden heart attack and she does not have any insurance card that will cover some of the expenses in the hospital. Considering the hospital she was rushed to, I am pretty sure that her expenses will be through the roof. Since a situation like that is inevitable and we do not know when it will happen, I want to help my friend get an insurance card that will help her lessen the expenses in the hospital.

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    Emergency preparedness is one of the covers of insurance cards. It is part of insurance card so that it can be accessed quickly by the user. Many health providers include emergency preparedness insurance to their cards so there will really be no problem on what card to choose. The only thing needed to be considered is the other benefits included together with the emergency preparedness insurance.

    2020.03.24 15:44

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A person with disability needs insurance.

Insurance has no limits. Everyone can get insurance whatever there status in life. They can be disable or not. When you are disabled, you can get other benefits that only cases like you have. Once insured, you can get it anytime you need it. Disabled people mostly use their insurance for there cases. Having insurance is a privelage, so do not overwelm yourselves with it.

Will our insurance system fail one day?

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

Does term insurance have more worth than life insurance to you?

Put simple, term insurance is cheaper if you're planning to stay covered for the next 10 to 20 years and less than 70years in general. Whilst the whole life insurance is cheaper if you prefer coverage until 99years with limited payment term. You can opt for a mix of both the whole life and term plans, where the whole life plan covers your final expenses and/or daily expenses for you and your family in the event of untimely death or critical illnesses. Also term plans of about 10 to 20 years can come in handy if you have new-borns as extra coverage will be needed during the years when your children are growing up. In conclusion, there are no right or wrong in planning like this. How much to buy and what to buy depends on what your priorities are.

Does my debt in insurance company may lead to me being sued?

Get out of that agreement with your co worker immediately since an insurance company does not possess the power to ever sue you, nor apply any accusation towards you regarding that matter. The insurance company is probably not legitimate. Wishing you the best of luck!

What are the insurances that are locally present?

Insurances has different categories. It is not only usable here in Singapore but it can be also used in other countries. Insurances keeps your budget safe when something happens to you. It also helps you with some expenses that are not planned a long the way that occurs to the owner of the insurance.

I have been fraud by the insurance company.

Insurances companies comes from different countries that have different branches from all over the world. But there are companies who offers insurance that has great offers that will lure you to them. It is not a good thing to invest on insurance companies that seems fishy. Always background check the insurance company before availing one. If you know a insurance company that is a fraud, report the to the authorities for them to handle.

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