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Retaining Life Insurance for Peace of Mind

As a driver and homeowner, you are required to carry home and auto insurance. If all goes well, you’ll never experience a car accident, home invasion or natural disaster that makes that insurance worthwhile. The peace of mind it brings is worth it. And although life insurance isn’t mandatory, it provides an immeasurable benefit to loved ones when we pass away. When we think about family, the real value of life insurance becomes evident. Family Values Every single one of us will face the end of life. When that time comes, what will your life insurance be worth? Not in dollar value,…

Four Steps to Make the Most of Open Enrollment

We’re headed into one of the busiest times of the year. Between buying the Thanksgiving turkey and shopping for holiday gifts, you’ll find selecting your employee benefits on your to-do list. It might be tempting to let your benefits plan from last year roll over into 2019. However, experts advise against the set-it-and-forever-forget-it model. Open enrollment is your golden opportunity to sign up for your 2019 benefits. Take time to review your current benefits plan and ensure you’re taking full advantage of what’s offered. Here are four steps to help you make the most of open enrollment. Step One: Outline…

What’s Covered by Insurance When Your Car is Stolen?

Pop quiz: What is the most popular vehicle in the United States? If you answered the Ford F-150 pickup, you know the auto industry. What about the most popular vehicle among car thieves? If you said the 1996 Honda Civic, you know the insurance industry. So what happens if your vehicle disappears from your driveway, parking garage or wherever you last parked it? From an insurance standpoint, it all depends on the type of policy you purchased to cover the vehicle. If you’re driving a ’96 Civic, chances are you’re carrying only liability and/or collision insurance. That’s a wise decision…

Insurance 101 for House Flippers

Flipping houses hit an 11-year high in 2017. It’s no secret why. Television shows such as “Flip or Flop” and “Rehab Addict” flaunt how flipping houses can provide a lucrative career or side hustle. But it’s not always an easy one. Many things can go south during a flip, including stolen materials or structural damage while the house sits empty. Mishaps that eat into potential profit. Most people go into a flip thinking about asking price, cost of renovations and earning potential. It’s important to add insurance coverage to the early list of considerations. Below we answer four common insurance…

Understanding Renters Insurance

The number of renters in America continue to rise. For the past several years, almost 40 percent of households are renters. There are myriad reasons why renting is the best decision for many people. While it is easy to think that renting means your landlord or rental company has you covered when things go wrong, that isn’t always the case. Enter: renters insurance. Once you understand what renters insurance provides, you will see why it is a smart money move for all renters to make. What is Renters Insurance? Often times, people equate renters insurance with homeowners insurance. Some people…

What Medicare Covers When Traveling

What do most people say they want to do when they retire? Travel. Depending on your needs in retirement, your Medicare health insurance program may not make the best travel companion.  In the past, we’ve addressed in detail what Medicare A, B, C and D plans cover. Medicare Part A and Part B together cover essential medical scenarios such as hospital stays, doctor visits and medical equipment. Twist an ankle hiking and you may want those crutches. Whether at home or on the road, these are worthwhile services. But if you plan to travel quite a bit in retirement, let’s examine…

4 Reasons to Choose Term Life Insurance

Term life insurance offers one of the simplest ways to protect your loved ones in the event of your passing. It can also provide peace of mind. Mortality cuts well beyond six feet and leaves a trail of expenses and heartache in its wake. Knowing life is short, and may be taken away at any moment, it reinforces the desire to care for loved ones. Term life insurance pays out a guaranteed benefit when you die during a specified period of time. Say, for example, you buy a 30-year term life insurance policy and die before the 30-year timeframe ends, your…

How to Plan for the Medicare Annual Enrollment Period

Every year, the Medicare Annual Enrollment Period (AEP) or Open Enrollment kicks off Oct. 15 and closes Dec. 7. Whether you are newly eligible for Medicare or already in a plan, you’ll want to consider several items in preparation for the enrollment period. We outline steps to help ensure you get the most out of your planning. Already Enrolled in Medicare? The Medicare Annual Enrollment Period is an important time for you. Before the AEP starts, it’s always good to review your current needs and anticipate what you might need in the coming year. Perhaps you now need prescription drug coverage.…

Life Insurance: A Long History of Helping in Times of Need

Life insurance. It is a concept that virtually everyone is familiar with, and more and more people are selecting either whole or term life insurance. But how did life insurance come to be? The roots of life insurance stretch back in time. Here is a look at the history of life insurance, as well as some other facts that might surprise you. Ancient Roots of Insurance Life insurance got its start in the 17th and 18th centuries. However, the roots of life insurance run much deeper. So deep, in fact, they can be traced to Ancient Rome. Romans created burial…

How Much Car Insurance Is Enough?

Accidents happen. In the blink of an eye. In a left-hand turn. Life can throw you a curveball. That’s what happened to Maggie. It was a few days before Thanksgiving. Her daughter was home from college. The two were out having a great morning catching up. Then, as Maggie turned out of a shopping center, her SUV hit an oncoming minivan and flipped it onto its side. The accident happened so fast. Maggie and her daughter are still unclear how it happened. Luckily, no serious injuries occurred. However, the passengers in the other vehicle sued for musculoskeletal and emotional damages.…

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