Pet Insurance Research Paper

Pets. Loving, furry, fun. A furry companion in about 37- 47% of all households have dogs and 30- 37% households hold felines in the United States alone. But at what costs comes with owning one of these adorable animals as pets and is it worth the trouble? “In The Last Meow”, Bilgers shares his opinion about whether or not we’re spending too much money and effort owning a pet. The answer to the question is, “yes” Americans spend an abundance of hard earned income a year even if the pets can still die within a year. I own two pets, so I can see where and why people would try to save their pets and prolong how much they live. On the other hand, why try to extend their life when our beloved furry family member is in agonizing pain and suffering more than half of the time?

The effects of pet ownership have been shown to be beneficial for humans as well as animals in need of a home. People purchase pets for a variety of reasons, spanning from a need to get more exercise, a desire for companionship, to a desire for unconditional love. Other people simply just love animals and their lives feel complete without a furry friend. However, not all of the causes of pet ownership are positive. Some people purchase a pet because they think the animal looks cute but abandon the pet after they discover the hard work it requires to train it and keep it healthy. Other people do so out of ego, such as purchasing a large, vicious pet they hope will intimidate others and later find they cannot control. The motivational causes of owning a pet will determine the eventual effects of ownership.

Thesis Statement: Many people purchase dogs without considering how these pets will be cared for.

Factors that determine a person’s ability to be medically insured depend on their location, their financial standpoint, their physical ability to get medical help, or because of personal cultural reasons. According to Barton’s, 96% of people who are 65 years or older have financial access to health services by using Medicare. 84% of those who are younger than 65 use healthcare that is provided by Medicaid, a private health insurance, government-sponsored programs, or programs provided by their workplace. Therefore, 16% of the population is left uninsured. Some choose to be uninsured while others cannot afford it or cannot reach health services due to where they live. Certain people do not have health insurance because their jobs do not provide

In the article, “Life Insurance Lapse Behavior” (2013), Stephen G. Fier and Andre P. Liebenberg have discussed how life insurance policy lapses can be detrimental to the insurers and to the insured. The authors have emphasized how large income shocks can result in volunatary life insurance lapses and they have also stated that voluntary lapses occur due to the decision on the part of the insured to compensate financial losses (Fier & Liebenberg, 2013). The purchase of a different life insurance policy can also result in voluntary lapse of a specific life insurance policy (Fier & Liebenberg, 2013). It is to be noted that like life insurance, health insurance is also important. In the article, “Health Insurance Coverage: Early Release of Estimates From the National Health Interview Survey, January – March 2012” (2012), the authors have revealed how the U.S. populace’s concern for health insurance did rise since 1997. The authors have pointed out that in 2012 the rate of health coverage of children and adults were much higher than what it was in 1997 (Cohen & Martinez, 2012). This trend shows that Americans have become more health conscious than

One of the primary questions that pet owners ask these days is whether they should get their pets insurance or not. Well the answer to that question really depends on you, are you effectively taking care of your pet? Do you make sure that it does not consume things that it should be eating in the first place? Are you making sure that your dog is not getting into scuffles with other dogs in the neighborhood? These are just some of the questions that you need to answer before you can decide on weather you should buy insurance for pet or not. The main reason being that the above mentioned are just some of the reasons why pets wind up on the vets operating table in the first place. I mean we've all heard of that one scenario where you and your

It is estimated that approximately forty four percent home homes in america have own a dog and thirty five percent own a cat (ASPCA). Such large numbers are not caused by novelty alone. Whether it be a cat, dog, bird, or horse there are advantages to taking care of another animal and the companionship it provides. The physical, emotional, and financial effects of ownership can range from the presence of a comforting friend, to even the motivation to exercise. However, pets of any kind are not always cheap and you will have to be prepared to pay the cost of food and vaccinations regardless of the type of pet.

Many pet owners perceive to say that having a pet is the best thing in the whole world. In the United States, about 63% of households have a furry friend to call their own. They come in many different colors and sizes that make them unique and fun to play with. However, owning a pet anywhere can be very controversial. Some people think that owning a pet can throw away most their money that they earn on a day to day basis. Even if that might be true, pets can also benefit people in many ways that is worth spending a little extra money. In my opinion, I think that everyone should have a pet of their own because they can improve health, can provide entertainment, and create a special friendship or companionship with its owner. (6)

During week four, while doing an analysis on potential or existing competition we found pet health insurance has an increase in the United States where pet owners are starting to purchase health insurance for their dogs and cats. Even though pet insurance has increased in the United States, it still doesn’t compare to the pet insurance that pet owners have for their pets in Europe. There are only 1% of pet owners in the United States that have health insurance for their pets compare to Europe pet owners. In Europe, there is an average of 5% of pet owners that have health insurance for their pets. Pet health insurance will continue to grow in the future because many pet owners consider their pets as a family member. The bond between a

Animal health insurance empowers you to accommodate your creatures when they require it most, and when you can't manage the cost of it most. We don't know when our pets will get wiped out, on the off chance that they will get wiped out, or in the event that they will be in a mishap, regardless as us. When you guarantee your creatures, you guarantee that you will have the capacity to give respectable health consideration to them. This could be the distinction in the middle of life and demise for you're pet.

Over portion of the populace in America claims either a canine or a feline (Newsweek, Paragraph 1). Pooches and felines have been family pets since the beginning of time. In the course of recent years, numerous cardiologists and therapists have found that owning a feline or pooch can diminish the danger of contracting many types of coronary illness and more mental ailments, for example, discouragement.

A recent study at UCLA found that 37% of Medicare patients who owned pets visited their doctor less frequently and seemed to tolerate stressful events better (Whitaker). These are only the physical benefits.

The spending was an increase of more than 4% over 2015. For 2017, it estimated that $69.36 billion would be spent on our pets in the U.S. Estimated Breakdown: Food $29.69 billion, supplies, & medicine $14.93 billion, vet care $16.62 billion, live animal purchases $2.01 billion and other services $6.11 billion. In addition, the total number of pets owned in the U.S. is broken down as follows: Birds 20.3 million, Cats 94.2 million, Dogs 89.7 million, horses 7.6 million, freshwater fish 139.3 million, saltwater fish 18.8 million, reptiles 9.4 million, and small animals is 14.0 million. We would provide services to all these animals but the horses. The pet business is booming, a great opportunity for Greenwood and LPP. Lastly, millions of people own pet, a great opportunity for an area that is in need for a service like this. 76 percent said they are more likely to “splurge” on their pets than for themselves, including for expensive treats (44 percent) or a custom bed (38 percent), according to a 2014 study by Wakefield Research. The opportunity is there.

Studies suggest that social class may affect a families view of its pet. People of more affluent backgrounds tend to view their pets more as children and describe them in terms such as “partner in crime” or “companion”. Those with a higher level of social class fit into the category of ‘Humanists’, who for example pamper their pets much like a human child through regular grooming, a healthy but costly diet, and pets sleep inside the family home.

Pet protection takes care of the expense of veterinary treatment in the occasion of a guaranteed creature falling sick or being harmed in a mischance.