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July 10, 2007

BC Life & Health Insurance Company Adds Additional Face Amount

THOUSAND OAKS, Calif., July 10 /PRNewswire/ -- Financial security for the future is a worry item for many Americans, and life insurance is an affordable solution. According to LIMRA International (LIMRA), life insurance leads all other sources of financial assets or income that Americans expect to use to help pay bills and to maintain their lifestyle if the primary wage earner dies. BC Life & Health Insurance Company, through affiliate company Blue Cross of California, today announced an increase in individual term life insurance benefit amounts options to $15,000, $30,000, $50,000, $75,000 or $100,000 for most ages.

A BC Life & Health Insurance Company individual term life insurance policy can help protect loved ones and cover such costs as mortgage repayments, salary replacement and child care costs. BC Life & Health Insurance Company individual term life insurance policies are available to applicants at the same time they apply for Blue Cross of California individual medical coverage or if already a Blue Cross of California individual medical member. When BC Life & Health Insurance Company's individual term life insurance policies are purchased with individual medical coverage members benefit from:

- One bill for all of life and health insurance needs
- No additional forms to fill out
- No medical exams
- Coverage for children for as little as $1.50 per month
- Coverage for adults for as little as $2.80 per month

"It is important to ask yourself, 'Have I prepared for my family's financial future? How much coverage do I need to maintain my family's current standard of living?' The new face amounts BC Life & Health Insurance Company is offering will help families better prepare for their financial future," said Nicholas L. Brecker, president of BC Life & Health Insurance Company. "We recommend that you review your life insurance coverage annually to be sure your family's financial needs will be met now and in the future."

BC Life & Health Insurance Company individual term life insurance policies are designed to pay out the policy face amount in the event of the policyholder's death. The policy stays in-force until age 65, and as long as the premium payments are made. The face amount is guaranteed, and remains unchanged throughout the life of the policy.

"No one can predict the future or likes to plan for the worst," said Brian A. Sassi, president and general manager of BCC. "With BC Life & Health Insurance Company, you can enjoy security and peace of mind, knowing your family will have financial support at a difficult time."

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Posted by healthinsurance at 08:18 PM | Comments (0)

July 03, 2007

Long Term Care Health Insurance - A Closer Look

Kids today face an ever growing number of temptations ranging from drinking and smoking, drugs, gambling and pre-martial sex. Unfortunately, due to their youth and inexperience they fail to realize that what they do in their youth can have a great effect on their quality of life as they grow older.

On the other hand, as people grow older and approach retirement age they begin to realize that the carelessness of their youth did have a profound effect on the quality of their life but now they are ready to do whatever it takes to remove as much risk as they can. As a result, an ever increasing trend has been the purchasing of long term care health insurance as one way of reducing the financial risk a prolonged illness poses.

Long term health insurance is one the best ways to reduce whatever fears you may have in terms of how you'll be able to take care of your health after (and in some cases at a much younger age if you are the victim of an untimely accident) retirement as well as ensure your family (your spouse, children and even your grandchildren) that they won't get saddled with the potentially huge amount of debt that can result from the high-cost of medical care. Long term care health insurance is one of the best ways to guarantee that not only will you receive higher quality care but that you won't lose a lifetime worth of savings in the process.

Because health care costs continue to rise at dramatic rates nearly every year, it's becoming increasing advisable to begin coverage much earlier in life. Traditionally, individuals wouldn't even consider long term care until nearing retirement or even until after retirement but you may want to reconsider your thinking if that's been your plan. A few big reasons you may want to consider looking into long term care health insurance as early as your mid 50's are premiums and approval. Policies taken out when someone is in their early 50's (this is still seen as a favorable age group ) is much less expensive then one initiated in their early to mid 60's and the older you get the higher the premiums.

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Posted by healthinsurance at 12:22 AM | Comments (0)