Insurance & Annuities

Merits of Auto Clubs Roadside Assistance and Maintenance

Auto clubs like AAA, MCA and Better World Club, offer very useful benefits, such as roadside assistance and towing. Many of them today are offering much more, including car repairs. In addition to clubs, other competitors have entered that market place, including credit-card issuers, insurance [...]

News Flash: 2014 Flexible Spending Accounts Have Option for $500 Rollover

Do you have a special tax-advantaged savings account for health care expenses? There are several types of them to which the federal government permits employees and employers to contribute: Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), Medical Savings Accounts (MSA), and Health [...]

Can You Buy Life Insurance and Forget It?

Most people buy life insurance and seldom review it later. Here are 7 compelling reasons why a life insurance review is a great idea. Price:  If you own term insurance, you may want to check to see if you can buy a new policy for a lower overall cost. Length: If you purchased a level premium term [...]

Layering Term Life Insurance, To Minimize Cost & Extend Coverage

Previously I wrote on reviewing your life insurance policies, today I describe a way to layer term life insurance to provide affordable life insurance protection for longer periods of time. As a review the most common forms of term life insurance are level term, and annually renewable term, both [...]

Annuity Guarantees and Trusting Insurance Companies

Hartford Financial is seeking ways to lower its exposure on some annuity contracts it sold. Stories like this make people wonder if they can trust insurance companies, and believe the annuity guarantees. I believe though, most insurance companies are very trustworthy, and the income guarantees are [...]

Dave Ramsey’s FPU Class, Insurance Lesson

The Dave Ramsey Financial Peace University multi-week class has an entire lesson on insurance, or risk management. Wisdom with insurance is key to financial planning to protect the things we own or our family from risk, using as few dollars as possible. To underline a few items from this lesson, [...]

The Benefits and Costs of Obama Care

The key benefit of Obamacare, National Health Care, or Patient Protection and Affordable Care Act is providing care to those who are unable to purchase health insurance because it costs too much, or are uninsurable. Lack of adequate health coverage sometimes forces or keeps people in poverty, or [...]

Obama Care Stands

Various news sources are reporting that the Supreme Court upholds key part of Obama Health Care, the individual mandate. More evaluation on 7/2/12 blog.

The Essentials of Life Insurance

Life Insurance Defined Insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder. In other words, it is insurance of a risk (death) to replace the financial loss suffered by those dependent on the deceased. History of Life Insurance Life insurance [...]

Retiree Health Care Costs Increasing

According to a study by Fidelity Investments a couple retiring this year will incur $250,000 in costs not covered by Medicare Parts A and B. Those with medi-gap or employer based retiree health insurance will have less expenses. Many companies today either do not provide or are cutting back on [...]

Assisted Living Costs

Insurance policies to help offset the cost of living in an assisted living facility are priced based upon the amount of benefit that one feels they need or can afford. People in their 50′s and 60′s often consider this insurance, but it isn’t cheap, neither is the cost of living in a facility.  The [...]

Health Insurance Gap for Millions

The health insurance debate is far from over. You are going to hear a lot more about it in the next few years; during the presidential debate, as cases work their ways through the courts and the Supreme Court, and as more major provisions become effective that aren’t now. I’ve listened to much of [...]

Medicare Part B Premiums Increasing in 2014 247%?

There is an email circulating that claims Medicare Part B premiums will increase 247% in 2014 to $247 from the present rate of $99.90. According to the AARP website and others, this is a myth that has been circulating since 2010. A little background: Medicare is federal health insurance for those [...]

Health Insurance Issues for the Elderly

Why this topic is so important. For individuals in the later years of life, health insurance and health related costs are often one of the largest expenses. It is critical that you consider and plan for these expenses and that you become aware of the details of your options. In addition, as a voter [...]

Long Term Care Planning

The odds of a person needing long-term care when they are older depends upon a number of factors, some reports say that the odds of someone needing nursing home care are over 50% for those 65 or older. A 2007 USA Today article said that 7.4% of Americans aged 75 and older are in nursing homes in [...]

HSA, MSA, HRA and FSA Medical Accounts

HSA, MSA, HRA and FSA Medical Accounts Health Savings Accounts, Medical Savings Accounts, Health Reimbursement Arrangement, and Flexible Savings Accounts are all special accounts that may be offered or provided to you by your employer. They offer the ability for you and your employer to pay for [...]

Stranger Owned Life Insurance

The Wall Street Journal reported today, that a Federal judge has ruled for Prudential Financial Inc. allowing them to void a $10,000,000 Stranger Owned Life Insurance policy. Surprisingly Prudential is also allowed to keep over $600,000 in premiums. This is huge blow to investors, because many [...]

Variable Annuity Guaranteed Income Benefit Risks

Interesting Article in the Wall Street Journal today about Variable Annuity’s Guaranteed Benefits. Variable annuities provide nice tax deferred growth, their rates of return aren’t bad if they have great sub-accounts, which are accounts similar to mutual funds. Variable annuities don’t [...]

Structured Settlements Twist

A structured settlement is money that is owed to you in a monthly stream of income for many years, such as a lottery winning, large law suit or a payment from an annuity that has been annuitized. In exchange for the income, the owner of the structured settlement receives a lump sum amount of money. [...]
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