Category Archives: Finance Guide

Endowment Policy: Another Forgotten Option

These complex financial products combine investment growth and life insurance in one package. These products were popular among homebuyers in the eighties, nineties and nineties as a way to repay a mortgage. Many people purchased them because they were able to get large commissions from home loan companies and middlemen like estate agents. These charges are often […]

Professional Liability Insurance: 6 Critical Safeguards for Value Engineering

2011 saw a lot of emphasis on efficiency and spending, which has made the term “value engineering” synonymous with “cost cutting.” This is a problem from a risk management standpoint. This practice changes the intent of value engineering, and places more emphasis on cost savings than optimizing the project. These practices can negatively impact a company’s credibility with […]

How Your Insurance Rates and Premiums Affect Your Insurance Coverage

The insurance rates determine how much you will pay for your insurance coverage. When considering insurance policies, the premium should not be the only thing you consider. Quality of cover and claims record are just as important, and often more so, than insurance rates. Insurance rates are determined by the insurer’s assessment of the risk and its […]

What Is Title Insurance?

Title insurance is different from other types of insurance. * It doesn’t cover any future casualties, such as homeowner’s, auto, or health insurance. * Title insurance protects policyholders against past events, such as liens that have not been paid off, mortgages that have never been satisfied, and deeds signed by only one party with a […]

What Is The 7 Pay Test For Life Insurance?

Permanent life insurance was long viewed as offering investors an attractive tax break: cash-value growth was tax-deferred while loans were taxed according to the last-in first-out method. But with most policies featuring cash values now failing the seven-pay test and thus being classified as modified endowment contracts (MECs), investors may lose some tax advantages of […]

Do You Have To Report An Accident To Insurance?

Car accidents are unsettling experiences for all drivers, no matter their experience level or skill. Understanding when and how to report an incident to your insurer will make the process less cumbersome. Most insurance providers, like GEICO, recommend reporting immediately so they can begin taking steps on your case immediately. Damages Many people fail to […]

LensCrafters Takes VSP Insurance?

People often view vision insurance like any other health coverage. In reality, however, most plans like those offered by industry leaders VSP and EyeMed primarily act as discount programs designed to boost sales of frames and lenses associated with each company. That includes LensCrafters, Pearle Vision, Sears Optical, Target Optical and Sunglass Hut. Furthermore, VSP […]