Articles Tagged ‘insurance advice’
Why Health Insurance Costs Continue to Rise
Friday, January 20th, 2012
Even as we hear the news reports of inflation numbers being relatively low, most of us are seeing the prices of many things continue to rise. Over the last year, one of the most noticeable increases has been the cost of individual and family health insurance.
In just the past year, the annual health insurance premium cost has risen approximately 8-9%. This puts the average total premium cost for family coverage over the $15,000 mark. This year’s increase continues a trend that we’ve been seeing for quite a while, even if the increases of the few years prior were much...
Advice on How to Research and Compare Insurance Policies Online
Thursday, January 5th, 2012
Of all the expenses in your budget, one that sometimes seems the most opaque is your cost of insurance. Chances are you pay for insurance to cover your home and car, as well as health insurance and life insurance. There are a variety of options for each type of coverage, so it’s important to make sure that you have the right kind of coverage, and that you aren’t paying too much for it.
Not surprisingly, the best way to research and compare your different insurance policy options is using the Internet. There are many sites and resources available to you...
Advice on What to Expect When You Apply for Life Insurance
Saturday, December 10th, 2011
Life insurance is something that too many of us do not have enough of. Some have no coverage whatsoever, while others have only small policies that might barely cover their final expenses. You need enough life insurance to pay funeral expenses, pay off debts, and make sure your dependents are taken care of when you’re gone.
If you don’t have enough coverage to take care of these things, it’s time to apply for it. Don’t worry, it’s not as difficult or unpleasant as you might think.
Here’s some information and advice on what you can expect when applying for a...
Advice on Long-Term Care Insurance Policies
Thursday, December 1st, 2011
One of the largest medical costs you're likely to incur in your lifetime is long-term care. This means that someone has to live with you or that you require round-the-clock care. This type of care is very expensive.
For care outside of the home, a private room in a nursing home can cost over $75,000 a year. Long-term care insurance, while not cheap, can reduce that burden.
As with everything else, this type of insurance has its benefits and drawbacks. Have you considered long-term care insurance in your retirement planning? Increasing numbers of insurance companies are beginning to offer this...
Money Saving Advice for Auto Insurance with a Teen Driver
Tuesday, November 29th, 2011
Getting a driver’s license is an important milestone for any teenager. But it can be rather sad for the parents. It’s yet another sign that your little boy or girl is growing up, and it’s usually associated with a big increase in your auto insurance bill.
Statistics show that teenage drivers are much more likely to have accidents than drivers with more experience behind the wheel. That’s why insurance companies charge higher premiums for young drivers. While there’s no way to avoid your insurance going up when you add a teen driver, there are ways to minimize the damage.
Here’s some...
Do You Have Enough Life Insurance?
Friday, November 18th, 2011
Life insurance isn’t something that most of us like to think about. But if we want to make sure that our loved ones are taken care of when we’re gone, it’s something that we should consider carefully. Here's some advice you need to consider. An alarming number of people have no life insurance, and many others don’t have as much as they should.
Those who are able to get life insurance through their employers often do so, but these policies rarely provide adequate coverage. Most offer a death benefit of $10,000 to $25,000, which is barely enough to pay your...
Health Insurance Open Enrollment Tips
Tuesday, October 4th, 2011
November is right around the corner and for millions of people that means open enrollment time for their health insurance plans. Open enrollment is the time when employees and employers can make changes to their insurance needs. It can be a confusing time. You’re often faced with an abundance of decisions and many of them may not be clear.
Before open enrollment comes around and you’re handed a stack of paperwork to review and sign, consider these open enrollment tips.
Being prepared for it will help you make the right insurance decisions for you and your family.
Here is...
Understanding the New Changes to Medical Insurance
Wednesday, August 24th, 2011
In 2010, President Barack Obama signed two healthcare reform bills into law: the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act. These new laws require major changes in the United States healthcare system, especially when it comes to health insurance. As was expected, such sweeping reform has caused a great deal of confusion among those affected.
Some of the changes required by the healthcare reform laws have already taken effect. Others will become effective between now and 2014.
Here’s a summary and advice about what you need to know about how these changes could...
What Is Variable Universal Life Insurance?
Monday, June 27th, 2011
Life insurance is, without a doubt, something that just about everyone should have. But not everyone should have the same type of policy. Here's some advice on one of the the many different flavors of life insurance, and any given type may or may not be suitable for you.
One little known type of life insurance is variable universal life insurance, or VUL for short. Like other universal life insurance policies, VUL builds cash value and is paid when the insured dies, regardless of whether he or she is still paying premiums. But unlike your average universal life policy, the...
Does Your Home Insurance Cover Tornado Damage
Wednesday, June 1st, 2011
If you’ve been through a tornado, know someone who has, or have even seen pictures of the aftermath on the news recently, you know that it can be devastating. Tornados have been known to take out entire towns in just a few minutes. Thanks to early warning systems any loss of life is usually minimal, but property loss can be heavy.
Those who have homeowners insurance rarely think about tornado coverage until it’s too late. The good news is that tornado damage is included in almost every standard policy. But that doesn’t necessarily mean that all of your losses will...