Author Archives: Admin

How Are Insurance Companies Prepared For Wave Of Baby Boomers?

The baby boomer generation, born between 1946 and 1964, is one of the largest demographic groups in history. As they age, they are putting immense pressure on the insurance industry to provide adequate coverage for their growing healthcare needs. With this wave of aging Americans approaching retirement age, many wonder how insurance companies will keep […]

What Is Private Mortgage Insurance And How Does It Work?

Banks typically require Private Mortgage Insurance (PMI) on home loans with down payments less than 20%, to protect themselves if you default on your payments and don’t keep up with payments. Make a higher down payment or improve your credit score to avoid private mortgage insurance (PMI) premiums altogether; some loans require upfront PMI payments […]

What Does Coinsurance Mean For Health Insurance?

Health plans with coinsurance allow patients to divide the costs associated with medical services or treatments between themselves and the insurance provider, for instance if a procedure costs $100 but your health plan only has 20% coinsurance you will contribute $20 while they cover the remaining $80 of costs. Deductible A deductible is the annual […]