Category Archives: Finance Guide

Both mandatory and optional provisions in health insurance policies are included. This lesson will discuss optional provisions in your health insurance. What are the optional provisions in health insurance policies? Let’s talk about Cathy, who is interested in purchasing health insurance. The policy’s mandatory provisions were explained by her insurance agent. Now she must decide which optional […]

Car crashes cost around $242 billion in damages and productivity losses every year, according to the National Highway Traffic Safety Administration.Car insurance is meant to protect you from financial losses resulting from collisions or other damage. You could find yourself in a difficult position if your auto policy is cancelled. If your car insurance provider cancels your coverage, there may […]

This article focuses on the business of insurance agents, financial planners, trusted advisors, and marketers. They have been in business for long enough to understand that it is rewarding, that they love it, and that they have reached senior citizen status. There are a growing number of people who are still in the business. Some of us […]

People have two main concerns about retirement income: 1. saving enough money to retire and 2. running out before they run out of life. The expectation that seniors will live 20,30,40, and more years than the average retirement age of 62 to 65 is very real. Even though everyone is concerned about it, those younger than us […]

Insurance agents have had very limited exposure to reinsurance and little education about it. Agents are only made aware of reinsurance by an underwriter from the insurance company. This tells them that we cannot write this type of business because of our insurance company’s treaty insurance agreements. Over the years, reinsurers have been the traditional risk-taking […]

It can be frustrating to figure out Medicare. It is amazing how much mail a consumer gets after turning 65. There are many people claiming to have the best plan for you. You only have one window to enroll in a plan. Not understanding the details can lead to costly mistakes down the road. It is important to find […]

Life insurance is one of the most sought-after employee perks, often provided for free or at a reasonable cost and providing coverage up to an individual’s base salary multiple. Supplemental life policies are also available with payroll deduction premiums paid, although employer-sponsored policies may not meet all of your family’s needs. Group Term Life Insurance […]

As with HMO plans, POS health insurance plans require participants to select a Primary Care Provider (PCP), and may even require referrals for specialists. Unlike HMO plans however, POS plans enable participants to seek out-of-network care at higher costs; POS plans represent a hybrid between HMOs and Preferred Provider Organization (PPO) plans. In-Network and Out-of-Network […]

Homeowners’ insurance typically doesn’t cover tree removal unless it forms part of an overall loss covered by their policy, since home insurance is intended to cover unexpected or unforeseeable events that might happen suddenly and unexpectedly. However, if a tree falls due to a covered peril (like an intense storm) and causes damage to your […]

As soon as you plan on proposing soon or have been given an engagement ring, or already own one yourself, you may be contemplating the best way to insure it. A jewelry policy can ensure its protection from loss, theft and damage – something home and car policies don’t provide. An independent insurance professional can […]