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 […]

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 […]

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 […]

Online Health Insurance for Seniors A good friend asked me where he could find information on medical insurance for his elderly mother who was out of state. I advised him to use the internet. A week later, he reported to me in despair: “I am giving-up, I am too confused.” His widowed mother was living in […]

Different types of dental insurance plans for employees Dental insurance is insurance that provides financial assistance to the insured for dental care. This can be either an individual or group plan. Although dental insurance was once considered a minor area, the importance of dental insurance is growing alarmingly. Dental insurance was once viewed as an employee perk. […]

Variable market conditions have prompted many adjustments and changes in the surety industry. This article provides an update for all lenders and bankers on the current situation, as well as the trends within this group of financial institutions that issue bonds to the construction industry. Contract documents stipulate that surety bonds are used to guarantee project owners […]

The reserve is the sum of all assets or funds that a company must have at any time. It includes interest and premiums as they accrue. This will cover all insurance claims. The net premiums are used to calculate the reserve, which is always considered a liability. A business creating a “Reserve” is basically setting aside money […]

Despite the negative reputation that mortgage insurance has gotten over the years, it can still be a valuable product to have as a backup plan in case you are laid off due to an accident or illness, or if your job is lost through redundancy. If you are able to understand the product and its […]

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 […]

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 […]