Are you one of the millions of Americans who have been wondering if you still get taxed for not having health insurance? With all the changes in healthcare laws and policies over the past few years, it can be tough to keep up. But don’t worry, we’ve got you covered! In this blog post, we’ll […]
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Viatic settlement refers to the sale by the policy owner of a life insurance plan before it matures. This sale gives the policy owner immediate cash settlement. Viitical settlements are generally for insured people with a shorter life expectancy than five years. Life settlements (also known as senior settlements) are similar to viaticals. They involve the sale of […]
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These complex financial products combine investment growth and life insurance in one package. These products were popular among homebuyers in the eighties, nineties and nineties as a way to repay a mortgage. Many people purchased them because they were able to get large commissions from home loan companies and middlemen like estate agents. These charges are often […]
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Permanent life insurance was long viewed as offering investors an attractive tax break: cash-value growth was tax-deferred while loans were taxed according to the last-in first-out method. But with most policies featuring cash values now failing the seven-pay test and thus being classified as modified endowment contracts (MECs), investors may lose some tax advantages of […]
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Car accidents are unsettling experiences for all drivers, no matter their experience level or skill. Understanding when and how to report an incident to your insurer will make the process less cumbersome. Most insurance providers, like GEICO, recommend reporting immediately so they can begin taking steps on your case immediately. Damages Many people fail to […]
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It is a sad fact that lawsuits are a common occurrence in today’s non-profit organizations. A good event insurance policy will protect your non-profit’s funds against lawsuits in the event that there is a mishap, professional slip and fall fraudster or other similar circumstances. They are out there, and will target your group if you think they […]
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I was suddenly forced to take over full-time care of my parents who were suffering from dementia and had health issues. I hadn’t heard of Long Term Care Insurance. After spending their entire life savings and starting to save my own, I was advised by the government to apply for financial assistance through the Medicaid program, […]
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The insurance adjuster is here. Are they too friendly? Be careful if he is! You can be friendly and welcoming. Be kind, cordial and polite – but be careful! Remember that he is paid to save the company as much as possible. This is his goal. DON’T SIGN ANYTHING. Don’t underestimate the goodwill of the adjuster. They are trained to look after […]
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Insurance companies strive to earn customers’ trust. Imagine a situation where the right people aren’t rewarded, and the wrong ones get rewarded. This can lead to chaos and loss of faith in the system. The question now is, “What breaches the trust utmost?” It is the return on the customer’s investment in a product or service that matters […]
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No matter how long you’ve been in the business or how new you are to the industry, the risks that you face every day, from paying off inflated closing costs to not meeting client expectations, make it a prime target for lawsuits. Even if all claims are dismissed, fees for defense and time lost from your […]