Ways to Make Money Online: Get Paid to Answer Questions

Answering questions online is a new way to make money on the Internet. There are several websites that can pay you for answering other people's questions and sharing your knowledge. You can make a decent income by giving advice and helping others solve their problems. People use these websites to get advice about topics they are not familiar with.

Most Q&A websites feature questions in a wide range of subject areas, including science, history, parenting, health, law, and pet care. The amount of money offered for each answer depends on the complexity of request and the area of expertise. Some of the most popular sites that pay users for answering questions are ChaCha, Know Brainers, Just Answer, and Answer Gem. You can use the Internet to find other websites that pay for your knowledge. The more you work, the more money you will make.

Everyone is an expert about something. Some people know everything about weight loss and dieting, while others are good at history, math, or accounting. Rates vary depending on your experience, education, and the category you apply for. Millions of people are willing to pay others to have their questions answered. For example, if you could get advice for $5 on how to fix your food processor, wouldn't you rather spend that $5 instead of paying hundreds of dollars to get it fixed by an expert?

Some Q&A websites will offer you a percentage of the revenue generated from advertisements, while others will pay you a fixed rate per question. Some of these sites encourage users to write tutorials, short guides, and how-to articles in order to show their expertise and gain popularity. The more active you are on these sites, the higher the revenue share you receive. Most websites request applicants to take a test and get through an online application process. You will basically need to answer a few simple questions to prove that you are an expert your field and show your skills.

There are opportunities to make money in different categories that you might qualify for. Some websites have strict requirements. Users can't answer questions unless they have a certificate or some sort of degree in the field that they apply for. You cannot answer questions that are outside of your field. These sites usually pay higher rates. Answering questions online is one of the many legitimate ways to get paid for what you know.

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What is Mortgage Insurance - What Are the Types?

Mortgage insurance is also sometimes called as mortgage guaranty. In simpler terms, this insurance can be described as an insurance policy with the help of which an investor or a lender can compensate any losses that may arise on the occasion of a mortgage loan becoming defaulted. There are two main types of this life insurance that are mainly used namely a private mortgage or a public mortgage.

Mortgage Life Insurance

Mortgage insurance is a life insurance policy that will pay off your home in the case of your untimely death. This policy will also offer you the ability to add disability, critical illness, and a return of premium or return of your money if you keep the policy for the full term.

In some circles Mortgage insurance could also mean Private Mortgage Insurance (PMI).

In order to get a public mortgage insurance issued by the Federal Housing Administration, an insurance premium as a percentage of the loan will have to be paid at the time of closing. In most cases, this premium is paid by the lender on the behalf of the borrower. In some cases, a monthly premium may also be charged based on the loan-to-value ratio.

The main different kinds of mortgage insurances are:

Private Mortgage Insurance

This insurance is usually taken up in cases where the down payments are calculated to be below 20%. The insurance rates for this insurance are charged from 1.5% to 6% per year on the principal amount of the loan. The actual rate charged will depend upon several factors such as the percentage of the loan that is insured, the credit score, the loan to value etc. The premium rates for a private insurance on mortgage can actually be paid on a monthly, annual or lump sum basis. Certain companies also allow split premium conditions.

Borrower-Paid Private Mortgage Insurance

This is an insurance taken on mortgage loan defaults that is provided by an insurance company and the premium for which is paid by the borrower. By undertaking the payment for a borrower-paid private insurance on mortgage, a borrower can get a mortgage without being required to put in a down payment of 20%. This insurance provides coverage to the lender for the extra risk of giving a high loan-to-value mortgage.

Lender-Paid Private Mortgage Insurance

This insurance is exactly the same as a borrower-paid private insurance on mortgage except for the fact that in such a case, the insurance premium is paid by the lender. In most cases, the borrower of the mortgage loan is not even aware that the lender is covered by the insurance. For lender-paid private insurance, the lender usually includes the cost of the premium he or she is required to pay according to the interest rate that is charged on the loan from the borrower.

When you buy a house you might need to purchase PMI. Once you have the keys to your new home, you should look into purchasing mortgage life insurance which will pay off your house in case you die so your most important asset you home will be paid off free and clear for your beneficiaries.

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Mothers, Children and Crisis Recovery Insurance

Crisis Recovery Insurance pays you an agreed lump sum if you are diagnosed with one or more serious medical illnesses. As a mother I realise that the impact of such a serious illness is as much about the children as it is about me. Not only do I need to recover but the children need to be cared for during my recovery. 

So what are the most common serious medical illnesses that crisis insurance can pay on? Statistically they are a heart attack, stroke, cancer and open heart surgery. Unfortunately they happen, often with a huge impact on your family. 

Have you ever sat down and worked out what it would cost to provide for the recovery and the children? It is quite significant. Even with full hospital cover you will require ongoing medical treatment, you may need to modify your house and you will need help with the household, especially the children. Unless you have generous family and friends, these costs probably start at $50,000 and then get worse. It really depends on what you suffer and how long it takes to recover. And your life may change forever. 

There is a number of qualifying requirements and options available when it comes to crisis recovery insurance. Generally pre-existing conditions are excluded from the specified illnesses. Crisis insurance options can include the possibility of structuring a policy so that it minimises the risk for multiple lifetime medical illnesses or alternatively the policy can be in place as a once off event. 

Every crisis recovery policy will specify the illnesses that are covered and may differ from one policy to the next. You need to speak with an insurance adviser to work out which would be best for your needs and budget. Just remember that some policies pay on diagnosis and others have a 90 day waiting period. 

You can take out stand alone crisis insurance or have it linked to term life insurance. A linked policy simply means that when paid it reduces the sum insured. For example, a $500,000 term life policy linked to a $200,000 crisis recovery policy (what they call a rider) means if you make a crisis recovery claim it would reduce the term life cover from $500,000 to $300,000. You get some cost savings with this type of approach. However, if the crisis recovery policy it is a stand alone policy then there is no impact on your term life policy. It can of course stand alone without any other personal risk insurance policies (i.e. life, income, TPD, etc.).

As crisis recovery insurance is a lump sum paid on diagnosis, you can cover many more of your future life costs. Consider a lifestyle change, paying out your mortgage and the children's education. Your objective should be to ensure your future is catered for. Working out exactly what this means for you is where having a good insurance adviser can help.

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Medicare Insurance Plans - Understanding The Differences

If you are turning 65 and will be eligible for Medicare, you should consider getting one of the Medicare insurance plans that are available to you. Very few people become eligible for Medicare and decide that Medicare Parts A and B are enough coverage. There are just to many holes in Medicare not to consider purchasing a Medigap policy or joining a Medicare Advantage plan.

Anyone who has gotten close to Medicare age knows, you are literally inundated with information mailed to you. The most important information is sent from Medicare. This unbiased information gives you an overview of your options. Publications such as Medicare and You and Choosing a Medigap policy: A Guide to Health Insurance for People with Medicare, include must-have information, but many people find the reading dry and boring.

Insurance companies will almost bury you with literature when you are about to turn 65. Just look at all the four color brochures in your mail box. Often, you get a high level overview, but not what you really want, clear language and an idea of cost.

Comparing Medicare insurance plans

Many people don't understand that a Medigap policy and a Medicare Advantage plan are two different types of insurance coverage.

Medigap

A Medigap policy (Medicare supplement) is the traditional type of plan that has been around since 1965. It's called Medigap because it fill the gaps left by Medicare. Medicare Part A requires you to pay a hospital deductible and co-pays for extended stays and Part B requires that you pay 20% of all covered outpatient charges. A Medigap policy will, to varying degrees, fill these gaps.

Medigap insurance is available as one of several standardized plans. Plans will be the same from one company to the next. When you first become eligible for Medicare, you have an open enrollment period that lasts six months from the first day of the month that you become eligible. During this time an insurance company cannot refuse you the opportunity to purchase any policy that they sell, no matter what pre-existing medical conditions you may have.

If the Medigap policy is affordable, this is the best time to purchase. Compare rates with several companies, knowing that coverage will be the same no matter which company you look at. Standardization makes comparing Medigap insurance policies easy.

If you choose a Medigap policy you will also need to purchase a stand alone Part D drug plan, because it is not included in this type of Medicare plan.

Medicare Advantage

Advantage plans are not Medicare supplements. But rather, you are receiving your benefits from an insurance company that is approved and contracted with CMS (The Centers for Medicare and Medicaid) to administer your Medicare. The idea behind this, is that a private insurance companies are more financially efficient than the federal government, and should be able to stretch the money allocated to give you more benefits.

Advantage plans do not fill the gaps, but rather give you set co-pays, co-insurance and deductibles that may control costs and limit your out-of-pocket expenses compared to Medicare. Advantage plans also often include Part D drug coverage, as well as many additional benefits not included in Medicare, such as dental,vision and hearing. Many people choose an Advantage plan because it will often have lower monthly premiums or no premiums at all.

Advantage plans also have an open enrollment period when you become Medicare eligible. Plans also have an annual enrollment period because companies contract for one calendar year at a time, and can change or discontinue plans each year.

Shopping for Medicare insurance plans

One of the most efficient ways of comparing Medicare insurance plans, is to do some research online. You can often shop for plans and get rates without having to leave your home. Another option would be to meet with a trusted insurance agent. If you choose to do this, make sure your agent represents several companies. Armed with some knowledge, you can avoid costly mistakes and compare the best Medicare insurance plans available.

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Understanding Medigap

We are only humans and no no matter how careful we are in taking care of our health, we cannot completely avoid getting sick. Modern lifestyles even increase our risk for falling ill and even if we multi-vitamins or the anti-oxidants available in the market, we simply get sick more often today than people of older generations.

So, how can we ease the burden of our families when medical costs add up? Fact is, looking after us when we are sick can already be very taxing on them and if they have to worry about paying the bills in the hospital, we'll only be stressing them out more. Medications are yet another problem we will be facing when we are just average individuals who may not even make enough money for savings. And even if we're covered by Medicare, sometimes, there will be an excess of what this insurance covers. To make sure this gap is filled, getting Medigap insurance will go a long way.

Qualifying for medical supplementary insurance will depend on whether or not you are Medicare-covered. The following are two important and more detailed guidelines for qualifying for a supplemental policy:

1. If you are sixty five years old or older

2. If you are enrolled in Medicare A & B

When you're sure you qualify for Medigap, the next thing you need to do is explore the benefits you'll be enjoying by getting a medicare supplement insurance. First of all, this policy can offer you 100 percent hospital bill coverage when applied to specialty hospitals. Outpatient prescription drugs are dependent on the member's policy.

However, not every sickness is covered by Medigap. Diseases that require long-term treatment or care like eye or dental care, hearing aids, nursing care, eyeglasses and private-duty nursing are not covered by any medicare supplement insurance policy. Many people are interested to avail of prescription drug coverage and to do this, simply go to any private insurance company and tell them you need a Medicare Prescription Drug Plan which is called Part D Insurance.

If you want to know more about the ways a Medigap plan can help you, there are websites that tackle each plan and provide specific details about how you can make use of a particular policy for your added security. Medicare works but it can work better when you have something to supplement it during times when it simply won't suffice to pay for everything.

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In Colorado, Cancer Insurance Provides Further Financial Protection and Peace of Mind

Recent statistics underscore the fact that for residents of Colorado, cancer insurance is a wise investment. According to the American Cancer Society, an estimated 1,479,3950 individual cancer diagnosis cases were documented in 2009, 20,340 of which were residents of Colorado. What is even more alarming are the numbers for cancer treatment costs.

The cost of cancer treatment amounts to billions of dollars each year. According to the National Institute of Health, 219 billion dollars were spent for treating cancer cases in 2007, only 89 billion dollars of which covered direct medical costs. The bulk of cancer treatment costs stem from lost productivity and other indirect costs. Known as the hidden costs of cancer, these are usually out-of-pocket expenses such as transportation and gas charges, home care and childcare incidentals.

Cancer insurance can greatly benefit those with a high risk of getting the dreaded disease in Colorado. While most standard health insurance carriers can cover the medical costs of cancer treatment, they cannot be used to pay for indirect expenses. As a form of supplemental health insurance, a cancer insurance policy can reinforce the financial protection already provided by standard health insurance plans. Because the benefits are paid directly to the policy holder, he or she can freely determine how the money will be used.

The state of Colorado has some of the highest rates for cancer-related deaths. In Colorado, cancer insurance can protect families from the potentially heavy financial burden caused by cancer treatments. To have further peace of mind, it is advisable to sign up for a supplemental cancer insurance policy.

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