Is Life Insurance A Smart Investment?
When it comes to considering life insurance as an investment, you’ve probably heard the adage, “Buy term and invest the difference.” This advice is based on the idea that term life insurance is the best choice for most individuals because it is the least expensive type of life insurance and leaves money free for other […]
When is the Medicare supplement enrollment period
During your “Open Enrollment” window with Medicare, you can apply for coverage without answering any health questions or having a medical review done. The Open Enrollment Period (OEP), is six months before your Medicare Part B goes into effect and 6 months after the Medicare B effective date. (The Medicare Part B effective date is usually the first day of […]
Renting a Car for Thanksgiving?
With so many people traveling to visit family friends over Thanksgiving, there are likely to be long lines at rental car companies across the country, Properly insuring a rental car can be tricky. Unfortunately, many consumers don’t even think about car rental insurance until they get to the counter, which can result in costly mistakes, […]
What are some examples of when insurance bundling is a bad idea?
Some insurance companies offer only one type of insurance, while others offer many different types. Insurance buyers often receive a discount if they buy all or many of their insurance policies from the same company. Bundling often presents value to policyholders, but there are times when it does not. Life insurance policyholders, for example, tend […]
Life insurance Policies: How Payouts Work
Life insurance is a popular part of long-term financial planning. But to effectively incorporate this tool into your portfolio, you must understand how and when life insurance payouts are delivered to beneficiaries. This includes understanding how quickly benefits will be paid and designing the policy with the payout option that works best with your estate […]
Understanding Life Insurance Loans
If you need money in an emergency, one place to look is your insurance policy. That is, if what you have is permanent life insurance – available as either “whole life” and “universal life”. Unlike term life insurance, which has a set time limit on its coverage period and does not accumulate cash value, universal […]
Is Your Company Hosting a Holiday Party? Ways to Protect Your Business
It is the holiday season, a time for office parties and charity events. While gatherings can provide opportunities for professionals to mingle casually with their co-workers and clients and can help boost employee morale, they can also prove to be a liability for businesses that serve alcohol. That is why businesses should take reasonable precautions […]
Why Start a New Year Out Strong but Not End It That Way?
Every year, we do it on the same day at the same time. The instant the calendar changes from the old year to the new one, we convince ourselves that this year will be different. We’re going to do everything we didn’t do in the past. It’s such a predictable ritual that it’s become part […]
Meet the 2015 Insurance Fraud Hall of Shame inductees
It’s time to unveil the newest dishonorees of the Insurance Fraud Hall of Shame; the perpetrators of the year’s most brazen, vicious or just plain klutzy insurance misadventures. All of these extreme schemers were convicted or had other legal closure in the last year. The No-Class of 2015 adds new extreme schemers to the pantheon […]
How do I determine the face value of a life insurance policy?
For any life insurance policy, the face value is the death benefit. This is the stated dollar amount that the policy’s beneficiaries receive upon the death of the insured. In most cases, the face value is transferred to the beneficiaries tax-free. A policy’s face value can be supplemented by additional benefits that have been added […]