Thoughts on Health Insurance and the UK NHS Service
If you have health insurance, you no longer have to worry about struggling to get enough money to cover the expensive hospital fees. Health insurance is designed precisely to help you pay for any medical procedures that you might need, whether critical or not.
However, England has taken this one step further. The National Health Service offers the possibility of receiving almost any kind of medical treatment without having to pay anything from your own pocket. It may seem unreal, yet it is true. The NHS is funded from the public taxes, just like the police department, for example. Thus, you have practically paid beforehand for any treatment you may need. However, the cost is obviously more affordable this way.
You should know one thing, though: the NHS provides free hospital treatment only to those who have an NHS number. In other words, you need to register your name on their list if you want to enjoy the benefits. However, this program is available for all the citizens of England, regardless if they were born in this country or have immigrated here.
It is obvious why this health program is so amazing: you receive almost any kind of treatment at any time without having to pay anything. However, there are some exceptions as well. Major surgeries, especially those that are not necessary, like some plastic surgeries for example, are not free. Still, if you have health insurance, the medical fees will be covered partially or completely by the insurance company. This is why all insurance companies and medical professionals advise you to take out such insurance.
When the time comes and you will need a medical treatment that is not covered by the National Health Service, you will be glad that you have made the decision of taking out health insurance.
So its 2013 and your company has had a successful year. Everything is going well and you are expecting to have another profitable year. Maybe you are looking to double your profits? Your staff have provided you with the very best sales ever and a few employees have become very important to you. It’s time to provide them with a pay rise and make sure they stay committed to the company. Of course you wouldn’t want to lose them to a competitor.
But what about if you lose them to something you have no control over? What if one day they just don’t turn up? What if for example they are diagnosed with a cancer or maybe worse. Putting aside the mental effects that may have throughout the company. Have you thought about the financial problems this could cause? Say your top sales person died. What would happen to your company? What if it was the IT person who was integral to the company was to leave for 6 months due to an illness. Well this is where you need to think about insurance. There is insurance available to cover these key people. It’s called key person insurance offer by many companies such as www.mykeymaninsurance.com. These companies will be able to find you a policy that will cover your key people in the event of a critical illness or death. If either of these things happen your company will receive a lump sum payment to help cover the costs of losing that person while your company tries to recover and maybe employ someone else.
So we thought first off we would look at life insurance which is one of the biggest niches on the internet. The net is full of websites offering life insurance quotes and critical illness. Although of course there are the usual house hold names such as Friends Provident and Scottish Provident these are only providers. They actually underwrite the policy. Of course what they do not do is compare other companies. So this is where you need to go to a broker to compare all the top companies for the best quote. This doesn’t mean just the cheapest quote but also what is most suitable to you.
So taking a look at the UK market alone we found there are actually 593,000,000 results when you type in life insurance. Of course most of the big brand names come up first but as mentioned before this is NOT what we are looking for.
We wanted the below.
Nice Site Design and look
Ease of use
Online Quoting System
Whole of market
Cheap discounted quotes
Nice design and look is something that you wouldn’t normally need from a life insurance website but it does help. Although we need a good service we also like something that is aseptically pleasing to look at. Especially if we are looking at life insurance.
Ease of use is of course important. You would be surprised how many sites don’t make it clear where you get the actual quotes from.
An online quoting system is important. Many sites make it look like you are getting an online quote but in fact you are emailing your details to someone.
Whole of market brokers are able to offer you quotes from a much more broad range of insurance companies. Many brokers are tied to a few insurance companies and are therefore unable to offer you the best comparison.
Of course cheap discounted quotes is what we are really looking for aren’t we? Brokers earn a commission from the life insurance but are able to sacrifice commission in order to lower the premium.
After taking into account all of the above we found that a site called www.golifeinsurancequotes.co.uk seemed to offer all of the above. You can go onto the site to and get lots of information but then of course get an online quote as well. The quoting system is very easy to use and only takes a few minutes to use. This company do offer whole of market and offered great quotes from all the top brands such as Scottish Provident and Pru Protect who you can not go direct to. We found out of all the sites we used this site gave us the cheapest quote for straight life insurance and life with critical illness. They will also quote critical illness and income protection. As well as the online quoting system you can call them up and speak to an adviser who can also give you a quote over the phone.