Insurance Articles

One of the key ways to keep your auto insurance rates low is to reduce the risk of theft.
Not only does a stolen car cost you dearly in terms of time and effort, but the long-term expense associated with higher auto insurance rates adds insult to injury.
Unfortunately, many people underestimate the risk of having their [...]

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Major medical insurance is a type of health insurance plan that provides coverage for most types of medical expenses that are incurred by a policyholder. They typically offer a broader, more complete range of coverage than traditional health insurance policies. This means that these plans usually provide for higher individual policy coverage limits as well [...]

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The Medicare program came into existence 46 years ago when President Lyndon Johnson signed into law the Social Security Act of 1965.
This program is federally administered and provides healthcare coverage to Americans who are age 65 and over, as well as to those under 65 who have certain types of disabilities or illnesses.
Parts A & [...]

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Once considered a relatively exclusive form of insurance, errors and omissions (E&O) insurance is now believed to be one of the most important forms of coverage available to many busy professionals.
Who Needs E&O Insurance?
E&O provides an additional layer of protection for lawyers, architects, financial consultants and other small-business owners who routinely provide services to others. [...]

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Getting a home business off the ground entails many of the same concerns and considerations as any other startup, including the purchase of proper insurance. Unfortunately, many business owners are under the false impression that a home business doesn’t entail the same risk associated with other settings. Few things could be further from the truth.
What’s [...]

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Virtually all would-be retirees ask themselves the same question at some point: How much of my retirement savings can I afford to spend each year?
The answer depends on your income stream, but determining that isn’t always easy. Since it isn’t simple to figure out what to do with your 401(k) plan after retirement, for example, [...]

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You’ve probably heard a lot about inflation lately and how you can potentially combat it.
But what’s fact and what’s fiction?
Many economists will tell you not to worry about inflation. That’s because the consumer price index (CPI), which is a widely used gauge of consumer spending, increased 3.6% year over year in May 2011.
While that’s not [...]

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If you think you don’t need life insurance anymore because your last child has moved out of the house, think again.
Your circumstances may have changed, but there’s a good chance your future needs may require you to maintain your life insurance policy.
Many individuals consider life insurance a way to provide for their children in the [...]

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A lot of baby boomers still haven’t given much thought to the purchase of a long-term-care insurance policy.
However, the cost of a long-term-care need could be the biggest threat to their retirement portfolios.
As of last year, the average cost of a private room in a nursing home for just one year was more than $75,000 [...]

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It is estimated that roughly 16 million Americans will purchase temporary health insurance coverage this year. That number includes:
… Those who have been laid off or are between jobs and have found that the cost of Consolidated Omnibus Budget Reconciliation Act (COBRA) insurance is too much
… Recent college graduates who are seeking work but have [...]

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Summer electrical storms are no laughing matter, as lightning causes millions of dollars in damage. Following are some simple steps to reduce your risk and limit damage:
Lightning Rods: Proper grounding and distribution can dramatically reduce damage during an electrical event. Lightning rods have been routinely installed on commercial properties, but it’s just as easy to [...]

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Life expectancies are at an all-time high, but two-thirds of Americans underestimate how long they’ll live - which is presenting a challenge for retirement planning.
The average life expectancy is 78 years for the first time in American history, according to the Centers for Disease Control and Prevention, and for some it may be even higher.
A [...]

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Inflation is rising, making some investors reconsider the value of fixed annuities. But fixed annuities can still play an important role in retirement planning.
A fixed annuity is a type of annuity that provides you with a specific sum of money at a fixed rate of return for a fixed period of time. You give a [...]

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Starting a small business of your very own isn’t easy, but it is rewarding.
Studies show that small-business ownership is one of the leading methods of building long-term wealth.
Unfortunately, it’s also one of the leading causes of litigation, as owning a small business may increase personal and professional liabilities.
Proper insurance coverage, therefore, is a necessity.
Insurance protects [...]

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More than 25% of businesses that close due to a natural disaster never reopen, according to research conducted by the Insurance Information Institute. Small-business owners are especially vulnerable. That’s why disaster recovery planning for small-business owners is more important than ever. Following are some tips to ensure that you’re prepared:
Review Your Insurance Options: Loss of [...]

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Everybody wants to reduce auto insurance costs.
Understanding what matters most to underwriters might be the best place to start.
Following are some things to consider:
Statistical Safety Record:
Without a doubt, the most important item is safety, but that includes criteria that may not be obvious.
For example, new drivers tend to have safe records because they haven’t [...]

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Keeping track of your belongings isn’t always as simple as it may seem, especially when it comes to providing proof of purchase and value for insurance purposes.
In the event of a claim, it’s important to have an up-to-date inventory readily available. Perhaps the most common method is to write down a list of all items [...]

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If you think you don’t need life insurance, you may want to reconsider the whole concept.
Life insurance proceeds can help your family members if you die before they do.
Following are some of the items that life insurance proceeds can cover:
Medical and Funeral Expenses:
Chances are you’ll incur significant medical expenses prior to your death, as a [...]

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While early retirement - planned or unplanned - can mean no more commute or mandatory overtime, it could also mean no more group insurance coverage through an employer.
And anyone who is age 60 or over but not yet age 65 and eligible for Medicare could be left in a quandary without health insurance benefits.
The good [...]

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With so many employers cutting back on insurance benefits for employees, it is becoming more prevalent for individuals to go without coverage.
But the odds of incurring a disability due to illness or injury are still high. In fact, at age 32 the chances of becoming disabled are four times more likely than death. And, with [...]

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