Category Archives: Finance Guide

Recent news stories have once again criticized the insurance companies for not providing critical illness insurance. A critical illness claim is more complicated than a claim under life insurance. It will be difficult for an insurance company to claim that you are not dead with life insurance. Critical illness claims can be more complex by their very […]

You are an actuary, or another insurance professional and need to file rate changes with the State Departments of Insurance. You are limited on time so it is important that the state approves your rate changes immediately. This scenario is something I’ve been involved in for over 15 years. When filing rate files, my goal is to […]

You may need special coverage called SR22 if you have been identified by the Motor Vehicle Department as a high-risk driver. SR22 is proof that you have sufficient insurance to legally drive after a major driving offense. You should ask the Motor Vehicle Department if you are eligible for SR22 coverage. Common reasons include a DUI, DWI, […]

Investors are now looking for security and safety more than ever after the stock market correction of 1999-2002. Many variable annuity and brokerage accounts have not been able to recover their losses over the past four years. Many investors had been counting on these funds to provide income in retirement. The equity indexed annuity (or EIA) was […]

Drink-driving has become a serious concern in recent years. Any form of drunk driving is treated seriously by courts. This can be seen in the severe sentences that may be handed down and the possible consequences for the motorist, passengers, and others involved in an accident. Practically, being convicted of any type of drink driving […]

Homeowners insurance is an essential part of any financial plan if you have a Golden State home. You can find the best homeowners insurance in your area by searching forBest homeowners insuranceCalifornia residents may be interested in quotes from Allstate or CSAA, State Farm and USAA. On average,California home insurance costs $1,014 annually for $250,000 of dwelling […]

Because it is usually easier on the wallet, many people pay their car Insurance premiums every month. In Illinois, the average cost of car insurance is $37 per month for minimum coverage and $124 for full coverage. This amounts to $442 and $14,485 respectively. The rates you pay could be different depending on where your are located in Illinois, […]

You’ll have noticed a lot of commentary in the UK media over the problems with Payment Protection Insurance. We believe the problem isn’t so much what insurance does but how it’s sold. Payment Protection Insurance protects borrowers from being unable to pay their debts due to income loss, illness, or accident. Although the basic concept of insurance […]

Even if you only pause for a second, many of us have thought about the age-old question: “If I get an old car, will it be more costly to insure?” This question is absurd. Actuaries, the mathematicians that determine your rate at a given moment, have many factors they can leverage to ensure every car insurance premium […]

According to Bankrate’s 2021 study on annual premiums, Salem, Oregon has an average car insurance cost of $719 for minimum coverage and $1,416 for full coverage.The Bankrate insurance editorial team discovered thatOregon MutualAndUSAASalem offers some of the most affordable car insurance. These companies offer personalized policies, multiple discounts options and excellent customer reviews. Salem drivers might […]