When it comes to life insurance, there are so many different options and “flavors” that deciding which type of policy is right for you can be difficult and confusing. Not to complicate matters even more, but there is one type of insurance that you might want to add to the flavor mix if you are
Insurance
Have you ever purchased a product, decided after a few days that you didn’t like it, and promptly returned it? Most of us have – but did you know that you could essentially do the same thing with most life insurance policies?
Most insurance policies have a “free look period” that allows you to reconsider
Life is good. You have a stable job, a home, and a growing family. You are managing your finances well and using credit properly. You only have one more thing to take care of – a life insurance policy so that your family is covered in the event of your death.
Nobody enjoys thinking about
Do you have life insurance? Good. That brings up the question, could you have multiple life insurance policies? More importantly, should you?
When Kathleen, a member of the MoneyTips community, asked
this question, many of our financial professionals weighed in from coast to coast.
Gordon Kushnick, an Insurance Agent in Seattle, Washington, puts
Applying for life insurance is not most people’s idea of a good time, especially when it comes to the required medical exam. Thanks to new advances in the insurance industry, you may be able to get insurance without having to be probed or prodded at all.
Says Kirby Thomas, Customer Service Lead at LifeInsuranceToday.US, “The
If you are stretching your funds to purchase a home with a minimal down payment, you are probably familiar with private mortgage insurance (PMI). It is generally required in any home purchase in which the down payment is less than 20%. PMI is insurance for the lender, not for you — it covers the lender
Sunday, July 23, is Parents’ Day, which was established when President Clinton signed a Congressional Resolution into law in 1994 to recognize, uplift, and support the role of parents in raising children. At some point when those children are grown, however, it often becomes their responsibility to care for their aging parents. It is an
In a recent survey, more people than not believe that President Trump will lower business taxes, but the same wasn’t true for their own personal taxes. On other critical issues in the news, Americans are torn, but not Trump voters.
As our government acts on repealing ObamaCare, with restructuring our antiquated tax system on deck,
June 28 is National Insurance Awareness Day. Are you aware of all the factors influencing the costs of your insurance? For example, does your credit score affect your car insurance rates? If you live in California, Massachusetts, or Hawaii, the answer is no. For residents of all the other states, the answer is yes, thanks
June 28 is National Insurance Awareness Day and less than a week later, on the Fourth of July, we celebrate Independence Day. This is the perfect time to brush up on your knowledge of fireworks safety and how potential damage or injury could be covered by your insurance policies. For many Americans, the Fourth of
It’s bad enough when your day is derailed by an unexpected trip to the doctor, but it’s even worse when you can’t afford to pay the bill. Unfortunately, too many Americans find themselves in this position, according to a recent survey conducted by Ipsos for the healthcare transparency group Amino.
The survey found that 37%
If you are a first-time homebuyer, you may be aware of mortgage insurance but you may not know that there are two different types. Mortgage Insurance Premiums (MIP) and Private Mortgage Insurance (PMI) both have the same general purpose: to offset the default risk to lenders when borrowers have purchased homes with low down payments
The Wide Reach of Your Credit Report Your credit report, which is a compilation of your credit-related activities, plays a huge part in all of your financial activities that involve borrowing money. The credit scores derived from your credit report affect the interest rate offers that you receive on a loan or a credit card,
While many outlets are publishing Mother’s Day gift lists, none of them mention “bail money”. But enterprising bail bondsmen are trying to cash in on the holiday to promote their services.
A bail bond is a promise by an insurance company to pay the entire amount of someone’s bail if the accused doesn’t show up
Leasing a car can be an attractive option if you drive reasonably low miles and enjoy upgrading your ride frequently. You can look forward to a new car every few years without dealing with large down payments and losing money on rapid depreciation. However, leasing can be more expensive than buying a car, and prohibitively
One of the biggest things I learned
in the military long ago was that proper prior planning prevents pitifully poor
performance. I am astonished at the number of otherwise seemingly intelligent
adults who do not have
some amount of insurance,
even if only enough to prevent placing the financial burden of paying for their
How to Lower Your Rate and Save Money
Auto insurance payments always seem to go up each year when you receive your renewal quote. Despite this, people tend to stay with the same auto insurance company since they feel a sense of loyalty. However, given the current economic climate, how loyal will you continue to
For Valentine’s Day, we hope you bought a thoughtful gift for your significant other. It’s the thought that counts, of course, but let us give you a tip or two: women like jewelry. And, when it comes to fine jewelry, you should give thought to insurance.
Fortunately, your family’s everyday jewelry is probably covered by
How much money do you think that you need to retire? There are many assumptions involved in answering that question, but one assumption is the greatest of all: how much money will you need for your health care costs? Fidelity projects that a 65-year old couple who retired in 2016 should expect an average cost
If you are purchasing or selling a home, a mortgage broker may suggest that you get a CLUE. That’s not an insult; rather, it’s a reference to a report from the Comprehensive Loss Underwriting Exchange, otherwise known as CLUE.
What is the CLUE Insurance Report? The CLUE report is in essence a comprehensive insurance claims
It makes sense that if you have a car accident, your insurance premium could go up. What doesn’t make sense is that if you don’t have an accident, you could also end up paying more, for no reason at all.
The explanation behind such price hikes is that more and more insurance companies are adopting
According to the US Travel Insurance Association (USTIA), 17% of Americans reported that their travel plans were adversely impacted by storms and natural disasters, medical problems, or carrier-related issues. Of that group, only 22% had travel insurance to help them deal with the costs and aggravations of an impacted trip.
If you are debating whether
The end of the year is full of activities. Family, school, and work obligations can keep you running constantly, without the time to consider other important things – such as whether you have used all of the health care and dental plan benefits covered by your insurance.
Are insurance concerns not high on your holiday
It is time for year-end reviews. Is your insurance coverage included on the review list? If not, it should be. Use this insurance checklist as a starting point to review your policies and address any gaps in your coverage, as well as potential cost savings.
Homeowner’s Insurance Change in Value – If your house has
Accountable Care Organizations (ACOs) were born out of the Affordable Care Act (or Obamacare, if you prefer) as an attempt to lower costs and improve the quality of care to Medicare patients. The principle is to provide coordinated care instead of the potentially fractured care that sends patients back-and-forth among disparate doctors and specialists.
By
Next time you’re cruising the App Store or Google Play, check out some very useful apps from the federal government that can help you with your business needs.
USPS – The U.S. Postal Service app allows you to track shipments, schedule package pickups, and locate nearby postal facilities, among other useful benefits. The USPS app
On Halloween, we all enjoy handing out treats to the little monsters that arrive at our door asking for candy. Unfortunately, some of us have to deal with damage created by larger monsters that arrive at our door asking for trouble.
Vandalism and property damage are just some scary Halloween insurance concerns. You also have
The strong dollar is making a foreign vacation look attractive, but recent terror attacks in Nice, Paris, Brussels, and other parts of the world can make travelers understandably nervous about committing thousands of dollars in tickets, reservations, and deposits to head overseas. If you do end up canceling a planned trip because of safety concerns,
Car insurance rates can vary so much by area that they seem almost random. However, they are very carefully calculated based on the likelihood of paying out a claim and how much that claim is likely to be on average. In addition, auto insurance is regulated at the state level, and with local rules and
Consumers using their credit card abroad and who then have some kind of financial problem may get help through their card’s travel insurance. While not all credit card companies provide this type of insurance to their consumers, many do. Those who need to use their card’s travel insurance may find that coverage is quite limited,