When it comes to age and life insurance premiums, the relationship is directly proportional: The older you are, the more expensive your policy will likely be. But just because your premium increases with age doesn’t mean the likelihood that you’ll be denied coverage increases as well. As with most insurance policies, rates depend on individual factors like health, family history, policy type, your age and occupation. Ultimately, a person’s health – not their age –…Read More
What’s not to like about buying life insurance? Okay, so the list is long. It’s not fun. The process is packed with details and hurdles to overcome. The payoff for your good works happens when you’re dead. So…ouch. But when Forbes speaks, people listen, so listen up. They say buying life insurance “is an essential part of life and a crucial element of sound financial planning.” Forbes says the key is to move before you’re…Read More
Under the Republican health bill, it’s up to states whether to dismantle key parts of the Affordable Care Act. Red, or GOP-leaning, states are sure to be interested in rolling back the law’s coverage requirements and freeing insurers to charge people more when they have preexisting conditions. As strange as it sounds, deep-blue, heavily Democratic states supportive of Obamacare, including California and New York, may be forced to do the same, according to experts, regulators…Read More
Qualified retirement plans are designed to encourage employees to save money now, so that they will have enough to sustain themselves when they are no longer working. A plan like this meets all the requirements of the Internal Revenue Code, which means it is eligible for certain tax benefits. In simpler terms, a qualified plan is a tax-favored accumulation vehicle like permanent (cash value) life insurance.Read More
You faithfully paid your life insurance premiums for decades, all to make sure your funeral expenses would be paid for and your loved ones would be covered financially.
But what would happen if you and your policy’s beneficiary both suddenly died? Or, what happens if your beneficiary died shortly after you did? A beneficiary is the person whom you designate to receive your life insurance proceeds when you die.Read More
Purchasing life insurance is an important piece of a person’s financial pie and needs to be carefully thought out, considering your family’s financial future could be hanging in the balance should you die.
Here are some common mistakes people make when buying life insurance coverage and how to avoid them.Read More
The insurance industry is hiring and companies desperately need millennials, and many of them don’t realize how strong the industry is as a career choice. While there is a host of reasons why insurance is such a great industry for people at the beginning of their careers, chief among them is the fact that the industry workforce is aging and millennials are becoming a new target market for companies. Equally important is the fact that millennials…Read More
The Affordable Care Act’s worst enemies are now in charge of the vast range of health coverage it created. They’re also discussing changes that could affect a wider net of employment-based policies and Medicare coverage for seniors. Letting ‘Obamacare Explode’ One Step at a Time Republicans failed last month in their first attempt to repeal and replace the ACA. But President Donald Trump vows the effort will continue. Even if Congress does nothing, Trump has suggested…Read More
A recent study found that less than 22 percent of homeowners view changing weather events or disaster preparedness as factors when they update their homeowner’s insurance policy. The study from the National Association of Insurance Commissioners (NAIC) found that, with disaster-level events on the rise, that more than 800 emergency or disaster declarations were made in the United States from 2005-20152. Those events resulted in an average of $24 billion in annual insured losses. The…Read More
Eds note: As healthcare policy comes under scrutiny from voters and legislators, it’s becoming clear that the system is broken – and that the process of repairing it won’t be a simple one. This feature focuses on what it’s like to work in the trenches of the home healthcare system. For more than two decades, Celeste Thompson, 57, a home care worker in Missoula, Mont., had not had regular contact with a doctor — no…Read More