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Do individuals need to obtain health insurance if they have a job?
Some jobs provide individuals who are employees with health insurance benefits. However, not all employers provide health insurance, and in that case an individual would need to purchase their own health insurance if they wished to be covered. Also, some employers do not offer health insurance until after a probationary period (typically 90 days). If the employee wished to have health insurance during that period, they would have to purchase it on their own.
Will gap medical insurance cover me for 2 months?
The best way to make certain you are covered during a short time period is to contact the company. A general rule that health insurance follows is a 62 grace period provided you are up to date on premiums and good standing.
What does health insurance cover during pregnancy?
The plan will cover all essential care during your pregnancy whcih incudes but is not limited to the costs of hospitalization and surgery related to the birth or the pregnancy. Any drugs medicaly necessary are also covered during this period.
What are facts needed to define the term life insurance?
Term life insurance is a type of insurance coverage offered to a group of people. This coverage will provide a benefit to the beneficiaries if the covered individual dies during the defines covered period.
What is the probationary period in life insurance?
A probationary period in life insurance is a specified period of time at the beginning of a policy during which coverage for certain health conditions may be limited or excluded. It allows the insurance company to assess the applicant's health risk before providing full coverage. Once the probationary period has passed, coverage typically becomes comprehensive.
Is it legal to have gap insurance?
Yes, if you're talking about having a break in your insurance payments. Some (but not all) companies offer a 'free' period of insurance - but it's covered by an increased monthly premium - so you're not actually getting anything for free. During the 'break' period, you're still covered by the policy you're paying for.
If theres a lapse in hazard homeowners insurance am istill covered?
No. You are not covered in a lapse period. A period of lapse in coverage means " No Coverage ".
Will an insurance company pay a claim that occurred during a covered period if you cancel the policy?
Yes, So long as the policy was not already canceled at the time of the loss.
Is there a grace period for health insurance?
Usually, check your policy.
What is a 'retroactive period' in liability insurance?
The retroactive date sets how long before the inception of the policy that you are covered for negligent acts, error or omissions that you report during that policy. A retroactive date can match the policy inception date so that no prior acts are covered. From the date of the retro period would be the continuous period before the retro date during which the coverage is applicable
Should homeowners insurance cover water damage that was caused before you moved in?
No. Your policy will only cover damages which were caused by a covered loss during the policy period.
What does Sunlife Financial cover?
Sun Life Financial offers four types of health insurance: 1) Personal health insurance covers medical, dental and other expenses that are either not covered or not fully covered by your employer's insurance plan. 2) Disability insurance will replace a portion of your income if you're unable to work. 3) Critical illness insurance will cover your expenses if you need to deal with and recover from a major illness or accident, and 4) long term care insurance is available if you need care over an extended period of time.
