Does Your Pet Need Life Insurance?
I spoke with a client recently regarding estate planning for her pets and she asked about life insurance for her cats.
We have found that some companies will provide life insurance coverage for your pet, including VPI Pet Insurance, PetPlan Pet Insurance, PetCare Insurance, National Insurance Company and the Oriental Insurance Company Limited.
Benefits can range from $200 to $750 for non-show pets, while higher limits of $1,000 to $10,000 are available.
I am not sure if the plans are a good value, but the insurance may be worthwhile to some pet owners.
If you have any interest in these policies for your pets, be smart, shop around, compare policies and companies, and then decide if it is right for you.
Life Insurance for Your Pets
With the recent well-publicized collapse of American International Group, Inc. (AIG), the world’s largest and most powerful insurance company, I thought that it would be an appropriate time to re-visit insurance.
We have written before of some available plans for pet insurance.
These plans can cover veterinary care and most reimburse you for the cost of treatment due to accident or illness. Coverage can include the X-rays and lab tests required to diagnose an illness or injury, therapeutic drugs, hospital stays and surgery. Some plans even cover the cost of preventative care, like checkups and vaccinations.
We have found that some companies will provide life insurance coverage for your pet, including VPI Pet Insurance, PetPlan Pet Insurance, PetCare Insurance, National Insurance Company and the Oriental Insurance Company Limited.
Although we try not to endorse any individual commercial enterprise over another, we are using the information from the Purrfect Pet Insurance website to explain this insurance.
"We understand that no one can place a value on the pets that give us so much joy, unconditional love, dedication and companionship. That is why we developed life insurance plans for your companion and show animals.
Benefits range from $200 to $750 for non-show pets. Accidental death insurance is included in most policies and coverage for death from illness starts at under $1/month as a rider to your health insurance plan. Higher limits of $1,000 to $10,000 are available for qualified pts under an innovative stand alone plan.
You will soon be able to include liability coverage in your policy as well. We are the first and only U.S. provider of liability coverage with a pet insurance plan. "
If you have any interest in these policies for your pets, be smart, shop around, compare policies and companies, and then decide if it is right for you.
By the way, think that we taxpayers can get a guaranteed loan from the Federal government for $85 billion?
