Group health insurance plans provided through employers typically cover some or all costs for medical services like visits to doctors and approved in- and outpatient procedures, prescriptions and therapeutic care services. Group insurance premiums are deducted directly from employees’ paychecks before being taxed, providing tax advantages for both employers and workers alike. Its advantages are […]
Category Archives: Finance Guide
10
May
May
Mortgage insurance protects lenders against loss if you default on your loan. It’s typically required for conventional loans with down payments below 20% and FHA mortgages, and payments may either be made up front or included as part of monthly installments. Make a larger down payment or opt for a piggyback second mortgage to avoid […]
10
May
May
Graded death benefit whole life insurance offers a unique solution for people whose health conditions or lifestyle risks make traditional whole life coverage hard to access. Typically more affordable and offering guaranteed coverage, graded death benefit policies provide guaranteed coverage with graded benefits. However, there are certain terms and conditions to take into consideration before […]
10
May
May
Insurance agent careers offer some of the highest potential earnings, yet still come with challenges and frustrations. You will hear more no’s than yes’s in this industry! Maintaining customer retention will bring in additional profits by selling renewal policies to existing clients. Commissions Insurance agents receive commission for each policy premium they sell, with commission […]
09
May
May
First responders can be paramedics, firefighters, police officers, EMTs, or even firefighters. Insurance companies might offer discounts to first responders, despite the fact that each job has its risks. Consider looking into insurance companies that offer special discounts to first responders if you’re shopping for car insurance. If you do, you may be able find a lower premium. […]
09
May
May
The claims handling of insurance adjusters can go well or be a disaster. Part of the responsibility lies with you! Ever wonder what type of service an adjuster should provide when you file a claim. It is a pleasure working with a professional, intelligent and honest adjuster. He is kind and respectful to you. He is patient with […]
09
May
May
Recorded statements for insurance claims. These usually turn out well, but the insurance adjuster may use tricks and gimmicks sometimes to get you to say things that you shouldn’t. So keep a claims diary. If you are having problems with your claim, this will protect you, the claimant or policyholder. Keep a journal or a legal pad […]
09
May
May
Boaters can insure their boats by declaring it on their homeowner’s policy. This could be a good idea or not! Your boat will be covered under the umbrella coverage of your homeowner’s insurance. This provides you with the safety and security of a large-liability policy that is normally associated with homeowner’s policies. You get a certain amount […]
09
May
May
What are my rights as an insurance claimant? What consumer protection is there against companies who abuse consumers? Yes! Each state has an administrative body that regulates insurance companies. The 1945 Federal McCarran-Ferguson Act, which is codified in U.S. Code Title 15 Chapter 20, gives states the ability to regulate the insurance business as they wish. All policies and […]
09
May
May
No matter how skilled you may be at driving, you can’t control what happens to other drivers and the world around them. Inclement weather, aggressive drivers, road hazards, and breakdowns are all things you will have to face. All of these factors can have a negative impact on your safety and the safety of anyone riding along […]