Category Archives: Finance Guide

Under the Affordable Care Act, insurers are mandated to offer dependent child coverage until young adults reach 26. This provision includes plans in both individual and employer markets. However, there are certain criteria you must fulfill in order to remain on your parents’ plan. This includes factors like living with them and being claimed as […]

Health savings accounts offer triple tax benefits: contributions are tax-deductible, earnings on investment earnings are tax-free and withdrawals used for qualified medical expenses are free from federal income tax; insurance premiums do not qualify. IRS offers an exception for individuals receiving federal or state unemployment benefits or COBRA coverage and who use HSA funds to […]

Life insurance provides loved ones with financial security against the risk of debt repayment after your death, including living expenses, mortgage and utility bills. In exchange for premium payments made, an insurance company pays out a death benefit directly to named beneficiaries. Life insurance policies come in various shapes and forms; choosing the appropriate policy […]

Most insurance companies allow between seven and 30 days of grace period after one missed payment for your car insurance policy to remain active; otherwise it could result in policy cancellation and other serious repercussions such as reduced coverage and higher rates on subsequent auto policies. Car insurance lapses can have serious financial repercussions, from […]

This type of insurance is the most affordable, but it also complies with all state regulations. To reduce premiums, all optional coverage such as Rental Reimbursement or Roadside Assistance is not included. Standard and Nonstandard Insurance Market There are two types of insurance markets: standard and non-standard. For drivers who have not received any traffic tickets, the […]

You might think all the media coverage about insurance company shenanigans makes their operations transparent. My mother used to say, “You have another thought coming.” We are a largely believing group. This is a major reason we got into the financial mess that we are currently trying to get out of. We’ve all learned the hard way […]

“Cracked screens, water damage, and lost phones – oh my! Accidents happen, but when they do it can leave you wondering how much it will cost to repair or replace your smartphone. That’s where Verizon insurance comes in. But what is the deductible for this service? In this blog post, we’ll dive into everything you […]

The annual rise in insurance premiums due to policyholders who file claims and are compensated by insurers for causing accidents is enough to make auto insurance policyholders mad. To combat criminality, there should be certain measures and everyone must take part in the fight. Even though they have a clean driving record, policyholders don’t like receiving […]

Many new entrepreneurs who want to make a name for themselves in their industry are often overwhelmed by the fierce competition and deep pockets. They need someone to help them not only financially, but also guide them in the right direction. Angel Investors are crucial in this situation. Angel investors are usually experienced entrepreneurs who have been […]

Claims adjusters can be just like any other person. Some are trainees while others have little or no experience. Others have a lot of training and experience. How can you tell which adjuster will be assigned to you if you have an insurance claim? They don’t just show up and give you a resume. Sometimes you might be […]