Insurance

Auto Insurance Rates Decreasing

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(Best Syndication News) Auto insurance rates have decreased this year and women continue to pay less. Nationally, rates have declined 5.6% reaching $675.

Californian’s pay more for insurance, according to a study by Insweb. The website reports that the median rate in the Golden State was $809. Since the median income is $46,892, Californians pay 3.4% of their income in auto insurance.

On average women pay only $772 per year for insurance while men pay $836. Residents younger than the age of 19 pay a whopping $2,141. The rates continue to decrease until age 60, and then they go up again. People between the age of 50 and 59 pay an average of $654 while people between the age of 60 and 74 pay $667.

United States Healthcare Most Expensive and Lowest Ranking

United States Healthcare Most Expensive and Lowest Ranking

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(Best Syndication News) - According to a report issued by a Commonwealth Fund, the United States is last place when compared to six other industrialized countries for healthcare, we also have the most expensive healthcare costs. The report compared the US against Australia, Canada, Germany, the Netherlands, New Zealand, and the United Kingdom on five criteria: quality, efficiency, access to care, equity and the ability to lead long, healthy, productive lives.

The Commonwealth Fund said that health care could improve for all of the countries in the report, but they point out the the United States is not getting a good value for the amount of money that is spent for health care. The United States spends o$7,290 per capita on health care costs in 2007 compared to $3,837 per capti in healthcare costs in the Netherlands, which was ranked as the best in this report.

Prop 17 California Auto Insurance Rates Higher or Lower

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[Best Syndication News] The debate has been heating up between those for and against the Proposition 17 auto Insurance reform on the June 8th Ballot. Largely supported by Mercury General Corp. the measure wants to extend deep discounts to new customers that have had the same insurance for the past five years. The opponents to Proposition 17 see this as a way for auto insurance companies to tack on huge surcharges if it goes through.

According to the Consumer Watchdog group they have received a letter that Mercury Insurance Company asking for policyholders to vote in favor of proposition 17. In addition, Mercury has begun advertising on TV for the passage of Prop 17. The Consumer Watchdog points out that Proposition 17 would make it possible for insurance companies to raise the rates. They continue to say that there was a lawsuit that was filed against both the Attorney General and consumer advocates by Mercury because they wanted to prevent information regarding rate increases from being printed in the voter's guide. Mercury had lost the court battle and the voter's guide will read “will allow insurance companies to increase cost of insurance to drivers who do not have a history of continuous insurance coverage.”

New Life Insurance Plan Offered By ING

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ING global locations

(Best Syndication News) Not only is ING Life Insurance lowering their rates, they are also offering a new 25-year term life insurance policy to their lineup. Originally formed in the Netherlands, ING has clients in 40 countries and a workforce of over 100,000 people.

The company already offers life insurance in the United States with of 10, 15, 20, and 30 year terms. On Monday they began offering a 25-year level term option.

Life insurance provides a basic and economical way to protect your family and business in the event of your death. “"ING remains committed to being a leader in this market,” said ING U.S. Insurance CEO Butch Britton.

Health Care Vote Results Passes and President Obama plans to sign into Law this Tuesday

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BSN Stock Photo

[Best Syndication News] The long debated health care reform has been approved by the legislative branches over the weekend. The final signing into law will be completed on Tuesday by President Obama. This legislation has many of the features not going into effect until 2014.

The legislation will force individuals and businesses larger than 50 employees, to purchase health insurance or be faced with a penalty. If you are low-income you won't have to pay. If you have an employer that already provides health insurance and you make less than $200,000 per year you won't see any big changes in your current situation.

The health care bill is estimated to cost $938 billion and will be paid for by tax increases on wealthy along with cuts in Medicare. There will be 32 million Americans the will be able to get health insurance coverage that would have be denied insurance because of pre-existing conditions.

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