Thursday, February 23, 2012

Health insurance for your pet? Surprising thoughts from Dan Danford

Pet insurance: a topic that would seem insane 20 years ago is now a booming industry with one million pets and counting covered by insurance. Revenue for U.S. pet insurance plans was more than $300 million in 2009 is predicted to reach $753 million by 2014, according to consumer research firm Packaged Facts. But does pet insurance make sense for you?

Dan Danford, CFP® and Principal/CEO of Family Investment Center, shares his financial tips on whether owning pet insurance makes financial sense.

1 comment:

  1. Nice video, Dan, but I would caution pet owners not to dismiss or not pursue coverage simply because their pet has a pre-existing condition. While no pet insurer will be able to cover an uncurable pre-existing condition, some will be able to offer coverage for pre-existing conditions that are "one-time" conditions (eg, vomiting) after a waiting period. Or, if nothing else, the company can offer coverage for all of the other conditions that may affect the pet over his or her lifetime.

    ReplyDelete

Family Investment Center Videos

Loading...