Aetna is a company that was established in 1850 when its first life insurance policy was issued.
At the present time the company is headquartered in Hartford, Connecticut. Aetna specializes in health care plans and provides a set of different traditional and customer-oriented health care insurance products and health insurance-connected services such as pharmacy, dental, disability plans, medical management, etc.
Net income of the company is $1,702 billion. It employs 31,000 people. This diversified health care benefits company is on the lists of Fortune 100. Nowadays Aetna is represented in Canada, Australia, Great Britain, Spain, China, Indonesia and Korea. |
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Consumer Rating: 22 Review Points
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Health Insurance
Health insurance is coverage for hospital, physician, and other medical expenses resulting from illness or injury. Whole life insurance may also be recognized as ordinary life, straight life or permanent life insurance. It is a life insurance policy that provides death protection for the insured person for the entire lifetime. An insurance payout is made to the contract's beneficiaries when the insured person dies. It consists primarily of the mortality charge which is the part of your premium that pays for the life insurance coverage. The secondary part of your premium pays for an investment component which builds up a cash value that the policyholder may withdraw or borrow against. The policyholder typically pays a level premium for his whole life, although some policies may differ in this respect.
What are the cons of the whole life insurance? Life insurance is intended to substitute a paycheck and care for a family that still relies on your income. Most people do not have life insurance after the age of 65. Whole life premiums are far more costly than term life insurance premiums. Whole life is pricey because you are paying for a life insurance policy as well as an investment. The rate of return on a whole life insurance policy is very low when judged against other investment opportunities.
Whole life insurance should not be used exclusively as an investment. Policyholders have no input into the investment management process of a whole life policy. It may take at least 10 years for a whole life insurance policy to gain any real cash value.
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