The Health Insurance Blog

Who would know that life and health insurance company in the USA, Canada and UK having billions of dollars of investment on cigarrete industry, recently published in medical journal, The New England Journal Medicine.

Wesley Bond, the write, found that at least 4,4 billions dollars of those insurance company fund were invested in company that related with cigarrette, cigar, and chew tobacco.

“Although all this time, insurance industry had been ask to step out from tobbaco industry by docters and others, insurance keep put their profit above people healths” says Boyd, one of the teaching staff in Harvard Medical School.

” It is obvious that their priority are making money, not keeping people healthy”.

Tobbacco are consider the main cause for lung cancer and prime factor for liver disease, stroke, lung disease, dan cancer.

According to World Health Organization, tobbacco are one of the main factor that donate more than 5,4 millions death per year.

First researcher say that, life and health insurance having huge investment in cigarrette company in 1995 in a england medical journal, Lancet. “Although investing in cigarrette industry, while selling life insurance and health insurance may seems defeting them self, but insurance company already taking steps to take profit in both industry, said Boyd.

“Insurance are not cover for smokers or, general, they having higher premium. Insurance profit, and smokers lose, twice more”

According to study, Prudential Financial Inc USA having 264,3 million US Dollar investment between 3 largest USA cigarrette company, including Reynolds America and Phillip Morris.

Canadian Insurance company, Sun Life Financial Inca, who sold life insurance policy, disability insurance and health insurance having stock portfolio more than one billion dollar US in 2 cigarrette company, including 890 million dollar US in Phillip MOrris.

Prudesntial Plc, who sold health insurance and disability insurance, having 1,38 billion dollar US in 2 cigarrette company including British American Tobacco.

Study also detailed large investment in cigarrete from USA insurance company, Northwestern Mutual and Massachusetts Mutual Life, and Scotland company, Standard Life Plc.

Do you have a health insurance coverage? Probably most of us would say, “NO”. Above all, if one of our family member got sick and need to go to the hospital, then we trully reailze that owning a health insurance coverage is a must. Specially if its bad, beside our body would suffer, so is our wallet and savings!

For you who want to have a health insurance coverage, there’s some tips that you can follow:

1. Take health insurance that give plenty benefit when you have to stay at the hospital. Because this will be the most expensive cost that we have to take when doesn’t have health insurance, and we can’t precisely figure when we’ll going out.

2. Health insurance usually also offered attach to life insurance. This is an option that we can take if we want it in one package, or seperately.

3. Health insurance that give critical desease benefit should we take. Critical desease can make us spend tons of tons of money. It could be million or billion of dollars. Yes, we would spend more moeny,  but that would be cheaper then we spend it from our pocket. So why not shoft it to health insurance company?

Looks like New Jersey are heaven for pet owners. Because there is an increase on household who buy pet health insurance, rpughly about 1,7 percent. This make New Jersey the top player in pet health insurance than any other state, state Sarah Riegle.

New Jersey has increase their pet health insurance coverage  by half percentage between 2000-2007. Because New Jerseyan treat their pets as a part of the family, ranging from banyard pets to bedroom pets. Even a possum now have health insurance coverage! (Geez, even me dont have that kind luxury. Lucky boy ^^)

Unfortunatly,  the pet health insurance coverage also rise for the past year, nearly 129%. Such for example, the insurance premium for a canine averages $28 a month. However, providing provide pet insurance for between 15 percent and 20 percent would be still reasonablein the US, because in UK, it’s pet health insurance average 25%.

Because of the slow economic growth, some may consider to reduce their pet health insurance. And this could be a threat in the near future.