- Indexed Universal Life vs. Whole Life Insurance
Life insurance can provide a measure of financial protection for your loved ones against the worst-case scenario. Whole life insurance and indexed universal life insurance (IUL) are two types of permanent policies you might consider if you’re interested in lifetime… read more…
- What Is a Life Underwriter Training Council Fellow (LUTCF)?
New insurance agents can get a grounding in the basic skills, such as underwriting, needed to succeed in the field by becoming a Life Underwriter Training Council Fellow (LUTCF). After completing the required training, agents will have greater expertise in… read more…
- What Is a Certified Professional Insurance Agent (CPIA)?
Insurance agents who want to be more successful can acquire the knowledge they need while earning the Certified Professional Insurance Agent (CPIA) designation. This professional certificate program requires only a modest outlay of time and money, yet provides agents who… read more…
- The Basics of Medicare Eligibility
Medicare is a federal health insurance program widely used by U.S. citizens and permanent residents age 65 and older. The program also applies to those younger than age 65 who have disabilities, end-stage renal disease (ESRD) or other diseases. But… read more…
- What Is Gap Insurance, and What Does It Cover?
When purchasing or leasing a new car, you have several insurance coverage options. When selecting coverage, you will likely know if you want to have collision coverage or not, but will you know what gap insurance is and whether to select… read more…
- How Much Does Long-Term Care Insurance Cost?
The cost of long-term care insurance is not cheap. A 55-year-old man in the United States on average can expect to pay a long-term care insurance premium of $2,075 per year, according to a 2024 price index survey of leading insurers conducted by the American Association for Long-Term Care Insurance (AALTCI). Meanwhile, a 55-year-old woman… read more…
- What Long-Term Care Insurance Covers
While Medicare and Medicaid both help aging adults afford some of their medical expenses, they may not cover the cost of an extended illness or disability. That’s where long-term care insurance comes into play. Long-term care insurance helps policyholders pay for their long-term care needs, such as nursing home care. This could become vital in… read more…
- A Beginner’s Guide to Insurance Premiums
To benefit from insurance coverage, you’ll need to pay a premium. A premium is a payment to your insurer that keeps your coverage in place. Insurance companies determine your premium by deciding what the risk is to insure you. Here’s… read more…
- What Is an Insurance Deductible?
When you have an insurance policy, you may have to foot the bill for some of your medical expenses before your insurance company starts chipping in. This initial amount is your insurance deductible. The size of deductibles can vary depending… read more…
- A Guide to Coinsurance and Copays
Having health insurance makes it possible to receive medical care while only paying a fraction of that care’s true cost. Insurance doesn’t cover everything, however. Some of the cost of your care is still up to you to pay, and… read more…
- 5 Alternatives to Paying for Health Insurance
Traditional health insurance can be very expensive, but there are lower-cost alternatives. As you look for ways to save money while also protecting yourself in case you get sick or injured, it pays to be informed about those options. While… read more…
- Medicare for All: Definition, Pros and Cons
Medicare for All is a proposed new healthcare system for the United States where instead of people getting health insurance from an insurance company, often provided through their workplace, everyone in America would be on a program provided through the… read more…
- What Is an Underwriter, and What Do They Do?
Underwriting is a common practice used in the commercial, insurance and investment banking industries. An underwriter typically works for mortgage, loan, insurance or investment companies. During the underwriting process, they do everything from evaluate your health to assess your financial status.… read more…
- What Is an Accredited Advisor in Insurance (AAI)?
An Accredited Advisor in Insurance (AAI) can help you find the right policies to fit all of your insurance requirements. From protecting your family from financial disaster to shielding your business from lawsuits, your insurance needs can be complex. Making the… read more…
- Who Qualifies for Medicaid?
To qualify for Medicaid, you have to meet certain income requirements. This is a federally run health insurance program designed to help the needy access quality healthcare. Eligibility varies by state, but you have to meet some general conditions. This… read more…
- Turning 26? Here’s When to Get Health Insurance
The age of 26 is the magical time surrounding the Affordable Care Act (ACA). Until they turn 26, young adults are allowed to remain covered by their parents’ health insurance plans. If your 26th birthday is right around the corner… read more…
- All About CHIP Insurance
Having to face healthcare expenses without insurance coverage is impossible for most families. Families who need help paying for healthcare for their children may qualify for CHIP insurance coverage. CHIP stands for Children’s Health Insurance Program. What Is CHIP Insurance? Since 1997, low-income families with children who aren’t eligible for Medicaid have been able to apply for… read more…
- What Is a PPO?
A preferred provider organization (commonly referred to as a PPO) is one of many types of health insurance options available. A distinguishing feature of a PPO is the ability to see doctors as you please, with low rates for providers… read more…
- What Is an HMO?
Picking a health insurance plan for the first time can be quite challenging. There are many different kinds of plans to choose from. And you may need to have coverage from multiple insurers in order to get all of the… read more…
- What’s the Average Cost of Health Insurance?
Thanks to the Affordable Care Act, the uninsured rate in America has plummeted. Now that folks can be charged a penalty for not having insurance, only 8.6% don’t have healthcare coverage. While the hallmark of President Obama’s presidency has made… read more…
- How Much Should You Pay for an Insurance Deductible?
Insurance is designed to protect you from life’s curveballs. That’s why it’s important to have the right amount of insurance coverage and to think about your insurance needs before purchasing a policy. Another thing you’ll need to think about is… read more…
- What to Do When Your Homeowners Insurance Claim Is Denied
Ideally, a good homeowners insurance policy should cover the cost of repairing or replacing your home when disaster strikes. But even if you believe that you have enough coverage, your insurance company could still deny the claim you file. If… read more…
- Everything You Need to Know About Second Home Insurance
Buying a second home – whether as a vacation getaway or a rental property – is a lot like purchasing a primary residence. For example, you’ll need to make sure your new home has the right amount of insurance coverage… read more…
- Do Wealthy Investors Need Long-Term Care Insurance?
A market crash might not be the biggest threat to a wealthy investor’s nest egg. In fact, future medical costs can potentially eat up more of your savings. And if you require long-term nursing care at some point, you can expect it… read more…
- What Counts as a Qualifying Life Event?
We all know that it’s possible to change our health insurance plans during open enrollment. But what if you want to change your insurance at some point in the months between open enrollment periods? You can’t do so on a whim,… read more…