Megapolis Insurance

For employees of Fortune 500 companies, especially those in senior management positions, life insurance may be handled differently than it is for “average” people. One form of life insurance called COLI, or corporate-owned life insurance, has become very common for high-level executives, although it used to be reserved for low-paid workers.

COLI began to be commonly issued after World War II as a tax hedge for companies against the losses of key employees. A COLI policy could be issued on a president, vice-president, or CFO of a company, and although the premiums were not tax-deductible, the proceeds of the policy were. This allowed a company not only to insure the lives of important persons employed by the business, but to enjoy a tax advantage if the person died while employed.

By the 1950s, Fortune 500 companies had begun to realize that more than tax benefits at death could be gained from COLI policies. In

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Some of the pros of private health insurance include a variety of plan options and companies. The cons include expensive health insurance premiums and limited coverage. Health insurance is one of those necessary evils. No one wants to pay the premiums, but it is invaluable if you ever need it.

Find out how your health insurance policy options stack up by going the the FREE quotes tool and inputting your ZIP now!

When it comes to health insurance there are a lot of options. These include group health insurance plans, private plans, and plans run by the government. Each has their own benefits and negative traits. In regards to private insurance, in general it has more cons than a group policy.

Private Insurance Overview

Who is private health insurance for?  Private individual health insurance is generally for individuals who are unable to get a group policy or do not quality for government sponsored plans. Since most group plans are available through employers, you would need to get self-employed health insurance coverage if you work for yourself.

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After many grueling hours of researching life insurance companies and comparing quotes, you submit your application only to be told that you are not eligible for coverage. While you probably have an opinion about whether or not this decision was fair, the best thing you can do is to get a second quote. No two insurance companies follow the same underwriting policies and their guidelines are never truly set in stone. Learn from the decision and find another company and agent who are willing to offer you decent coverage at a reasonable price.

Reasons for Denial

Typically, while an insurance company may reject your application based on their underwriting guidelines, the reason for denial is most likely due to a health condition. Some companies may feel that asthma is an acceptable circumstance an individual must live with and it poses no threat to the company, while others may feel that asthma may mean a higher premium for the applicant.

Health

Almost all insurance companies will require you to undergo a physical and medical evaluation at no cost to you from a qualified physician, typically chosen by the insurance company.

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This site will set you on the right path regarding these questions. Most people, if they do not already know, want to find out what life insurance is all about and why someone in their particular situation should buy a policy. Here is the place to find out.

What I will attempt to do on this site is to give readers easy access to the answers to every conceivable question regarding your life policies. You will find out why a parent would buy a policy and why a person in business, regardless of the type of business, would consider such a purchase. You will learn whether a single person needs a policy or not. When you reach close to the age of retirement do you still need a policy?

I will also take some time to delve into the mechanics of each type of policy and how you would apply them to your particular situation. All policies don’t fit all people. There are many types of life insurance policies and each one fits different types of needs.

There are great differences in cost whether you are looking to purchase term insurance, universal life or whole life.

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