Search Results for: insurance

Homeowners and renters insurance usually provides protection from fire damage up to the limits of their policy, minus any deductible amount. Structures on your property that aren’t attached directly to your home may also be covered under other structures coverage (like detached garages and sheds) while personal belongings will typically be reimbursed either at actual […]

Life insurance payouts generally aren’t considered taxable income; however, there may be exceptions. If you sell your whole life insurance policy for cash and its settlement exceeds the cumulative total of all premium payments, a portion of any profit may be subject to taxes. Premiums As with any type of insurance policy, life insurance premiums […]

Marriage unites many elements: hearts, homes, finances and health insurance plans. If each of you already has individual plans in place, combining them could have significant effects on both premiums and deductibles. Marriage is considered an eligible life event and grants you a 60-day special enrollment period to modify or add your spouse to your […]

HDHPs may help save you money on monthly premiums and provide access to a Health Savings Account (HSA), but it is essential that you understand their associated risks before opting for such plans. If you suffer from chronic illnesses or require ongoing nonpreventative care, an HDHP may not meet all your needs. Premiums An HDHP […]

The Affordable Care Act requires most individuals to carry qualifying health insurance or pay a penalty when filing their taxes. With the Tax Cuts and Job Act (TCJA) taking effect for tax year 2019, however, penalties for not having insurance have been removed as part of filing taxes. However, some states still impose individual mandate […]

Whole life insurance policies provide long-term protection. Your premium contributes toward building up cash value – similar to a savings account which accumulates interest over time. Some whole life products with shorter guaranteed payment periods produce a higher basic cash value than 10 pay policies, yet using policy blending and paid-up additions we can create […]

USAA provides competitive car insurance rates and provides other financial services at extremely competitive prices, and boasts impressive customer satisfaction and strength ratings compared to many competitors. Joining USAA depends on several criteria, but qualifying is easy if you have military ties or family members who are currently members. Membership can even pass down through […]

As with any important decision, choosing an insurance plan or renewing it requires careful thought and consideration. Below are a few points worth keeping in mind: Prioritize costs such as premiums, deductibles and copays when selecting your plan. If you do not anticipate needing much care in the near future, a plan with lower premiums […]

In the event that your home has been severely damaged by a peril, filing a homeowners insurance claim may be necessary. Depending on the nature of damage to your property, insurers could pay either actual cash value (ACV) or replacement cost compensation from their policies. Before cashing your next check, it’s essential to understand how […]

Many Capital One credit cards offer rental car insurance coverage. This protection shields cardholders against liability resulting from accidents or theft of rental vehicles. To activate this benefit, cardholders should decline any Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) offered by rental agencies. Capital One cards provide primary rental car insurance policies that […]