Author: Gabriel

Using Insurance to Change the Paradigm of Litigation Finance

Insurance companies are entering the litigation finance space in a variety of ways. But they must learn how to work with funders and not compete with them, experts say.

Litigation financing has become a vital resource for claimants, law firms, and companies looking to break down financial barriers to accessing justice. It has also helped to deflate the costs associated with bringing cases through trial.

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What is excess in health insurance?

What is excess in health insurance? In simple terms excess payment means the amount of money that you will be paying out on your medical insurance before the health insurance kicks in. This is designed to balance out the annual cost of health insurance for you. It means that if you are unfortunate enough to become ill and need medical treatment your excess payment will reflect this saving as opposed to the premiums being paid by you. This can work well if you have a particularly expensive illness or are otherwise at a higher risk than other policy holders.

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Health insurance when traveling abroad

For people who are either retired or young and healthy, they need to consider purchasing a health insurance when traveling abroad. It is important that you know what your choices are and how to go about finding the best rates. There are many health insurance options available for both short and long term travel. The cost can vary immensely from country to country and even from time to time, depending on what you are looking for in an insurance plan. In general, the higher the medical care required of you and your family, the more expensive it is going to be for you to find an appropriate health insurance when traveling abroad.

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Difference between health insurance and life insurance

The difference between health insurance and life insurance is one of the most important financial considerations you will make throughout your life. Health insurance provides coverage for medical expenses and treatment when you are unable to pay for it on your own. If you do not have health insurance, a family member or an individual you trust can provide you with financial cover to cater for medical expenses that exceed the amount that you have in your health insurance policy. Life insurance is designed to cover your funeral costs and legal fees.

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What is permanent health insurance?

What is permanent health insurance and how does it work? Basically, permanent health insurance is a plan that offers protection against any financial loss due to illness or accident. Usually permanent health insurance coverage will pay your medical expenses up until the time you turn 65. This means that if you are covered now at age sixty-five, you can be sure that you will not be subjected to any medical expenses in the future.

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How does private health insurance work?

You have probably heard a lot about how does private health insurance work and what the different types are. There is quite a bit of confusion though because the terminology is a little bit different. One of the biggest things that confuses people is that they assume that all of them have the same basic plan. They assume that each type of private health insurance covers a certain category of medical expenses. However, that is not true.

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