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Short-term medical insurance plans offer temporary health coverage that are lightly-regulated, noncompliant with Affordable Care Act guidelines, and provide limited benefits at higher costs. They’re generally offered across most states. If you’re considering purchasing a short-term plan, be sure to read all of its fine print before making your decision. Furthermore, research the insurer and […]

Comprehensive insurance can often depend on both the value of your car and where you live, for instance if there are frequent weather-related disasters or high car theft rates in your area, then additional cost could be worth paying out for. Comprehensive insurance typically pays to repair or replace your vehicle minus an insurance deductible. […]

An Assignment of Commissions contract allows producers to trade off selling their own book of business for more of a stable paycheck and support from an agency or MGA. As part of an override arrangement, they generally reimburse their upline with a certain percentage back – this may include office space rental fees and marketing […]

Employers typically offer healthcare, dental and short-term disability coverage as part of a benefits package for employees, with premiums being deducted pre-tax from payroll checks. FSAs can offer employees who pay out-of-pocket medical expenses predictable tax savings by lowering taxable income, which in turn lowers FICA and FUTA payroll taxes. Fica Tax FICA (Federal Insurance […]

Medical payments car insurance (MedPay) provides coverage that pays for medical expenses following an accident, up to its policy limits. MedPay may cover medical deductibles and copays as well as costs such as ambulance fees, chiropractic treatment or dental work. But is it really worth it? Read on to gain more knowledge of its operation, […]

A lender’s title policy protects mortgage lenders in Illinois against property-related risks like undisclosed heirs or forgery; typically ranging between 0.5%-1.0% of the home sale price, these policies typically cost 0.5%-1.0%. Homeowner’s policies aren’t required by law, but are recommended in order to avoid potential legal disputes related to ownership. Plus, this one-off payment provides […]

With recent bank failures such as Silicon Valley Bank, it’s essential that you understand how FDIC insurance works and can protect your funds up to $250,000 should a bank fail. This government-backed protection offers peace of mind. FDIC insurance covers deposit accounts and official items like cashier’s checks. Gaining knowledge of FDIC can help you […]

Dirt bikes do not qualify for coverage under standard auto policies; instead they fall under the category of motorcycles and thus require licensing and registration as well as an insurance policy which meets minimum liability requirements in your state. There are various strategies you can employ to lower the costs associated with dirt bike insurance, […]

Health insurance often (but not always) covers psychiatry costs. When selecting your psychiatrist, make sure it is part of your health plan’s network and that they will accept payment from your insurer for visits. Some community mental health clinics and psychiatrists provide sliding scale rates based on income for uninsured patients, providing significant savings when […]

Long term care insurance can be an intelligent investment, but you must keep certain factors in mind before purchasing. Premiums tend to increase as we age and certain medical conditions prevent insurance carriers from providing coverage. Long-term care insurance provides protection from the high costs of care while helping to preserve retirement savings. Health Long-term […]