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Medicare doesn’t cover custodial care. This major expense can be met by other sources. Medicare doesn’t cover all costs associated with nursing home care. There are other ways to pay for some of these costs, which averaged $105,850 per year in 2020 for a private bedroom, according Genworth, a provider long-term care insurance. According to the U.S. […]

The short answer: No, Medicare doesn’t cover the cost of residing in an assisted living community. Medicare generally doesn’t cover the cost of residing in assisted living communities, which are facilities that offer housing and custodial services — such as laundry, cooking and managing medications — for older adults. It does however cover skilled nursing facilities that […]

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 […]

Many insurance companies are becoming more strict about claims made by customers to prevent fraud. While some insurers may delay payment in order to raise legitimate questions about claims, other insurers dither or refuse payment for no apparent reason. These are the most common excuses that insurance companies use to deny or limit auto, home, […]

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 […]

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 […]

Florida’s real estate market is about for a major shake-up. While many of my colleagues remain optimistic about Florida’s market, consultants must be more objective. Our theory is based on the following: Property values all depend upon “Rents”. The true value of any property, whether commercial or residential, is determined by its rent. What rent will the property […]

Although you may not be aware of it, insurance rates for your car will vary depending on which insurance company, broker or agent you choose, what auto coverage you select, and what kind of car you drive. Here are some things you can do now to reduce your car insurance costs. 1. Comparison Shop – Different rates […]