Thursday, October 04, 2007

Dear Entrepreneur: Tips for Buying Insurance

Dear Entrepreneur: Tips for Buying Insurance

ONTARIO, Calif., Oct. 2 /PRNewswire/ --

When making choices to protect your business, yourself and your family, the subject of insurance can cause confusion, says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer.

Entrepreneurs have complex choices of health-related insurance plans ranging from: Disability to Long-Term Care; with a plethora of other offerings for special health considerations. Even the savviest shopper can get overwhelmed reviewing policies that promise to pay the bills, should the unthinkable happen.
Darras says, "Comparing features, advantages and benefits of different policies is tough; but putting off making decisions that can affect the rest of your lives, can be dangerous." See
Determine where your financial risks are the highest, says Darras. Once you prioritize your risks, you should be able to choose insurance policies that can protect you best.

Darras suggests:
-- Get disability coverage when you're young.
-- Consider "own occupation" policies.
-- Beware clauses limiting coverage to 24 months, after that, requirements
change and you could be denied coverage.
-- Understand the 'limitation on benefits'.
-- Group disability coverage from work does not protect you and it's

-- Life insurance may not be necessary if no one depends on you for
income, financial support and you have enough money for burial and
funeral expenses.
-- Life insurance helps leave our loved ones financially secure, in the
event of a tragedy.
-- Have a reliable second party listed on your policy so they can be
notified if you miss paying a premium.
-- Make sure you have 'waiver of premium".

-- If you are under 59, you are too young to shop for long-term care.
-- If you are older, understand what services long-term care policies
cover and who provides the care.
-- Make sure the policy allows for care: in your home, by a family member
or friend, in the home of a family member, in an adult care service
facility, in an assisted living facility, a hospice facility or in a
nursing home.
-- Understand the terms: custodial, intermediate and skilled care.

Darras says, "Never buy from a company you don't recognize! Paying really cheap premiums to a company that won't be in business in 20 years can be devastating."
See or call 800-458-4577.
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Frank N. Darras

Photo: NewsCom:

AP Archive:
PRN Photo Desk,
Source: Frank N. Darras

CONTACT: Robin Nolan, +1-650-279-9512,, for Frank N.
Web site:
NOTE TO EDITORS: Darras available for interviews.

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