Insure

‘Insurance poor’ was an expression from 30 years ago, that people would say when it seemed like too much of their money was being paid to insurance companies. What are the right kind of policies to buy? Outlined here are the 5 highest priority types, and the 5 other major types people consider. If there […]

{ 0 comments }

Are Auto Club’s roadside assistance to replace Christians lending a hand to stranded travelers? Isn’t it a terrible feeling when you car breaks down away from home? Have you ever been stranded on the side of the road, and someone stopped to help you replace a flat tire, or given you a ride to the […]

{ 0 comments }

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 Reimbursement Arrangements (HRA). HSAs are required to be offered in conjunction with High Deductible […]

{ 0 comments }

Last week 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 offer level death benefits: Level term life […]

{ 0 comments }

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 […]

{ 0 comments }

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 most insurance companies are very trustworthy and the income guarantees are good, but consumers need to be careful. Insurance is the […]

{ 0 comments }

The Dave Ramsey Financial Peace University multi-week class has an entire lesson on insurance, or risk management. On the surface this subject doesn’t seem all that spiritual, but protecting our family and the property God has given us, using as few dollars as possible is very good stewardship. To underline a few items from this lesson, and a few things that need a little […]

{ 1 comment }

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 causes the uninsured pain, suffering and death […]

{ 0 comments }

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

{ 1 comment }

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 is nothing new, its history […]

{ 0 comments }

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 retiree health care, so they probably […]

{ 0 comments }

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 costs […]

{ 0 comments }

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 there 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 the […]

{ 0 comments }

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 age 65 and older (and others […]

{ 0 comments }

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 you should […]

{ 0 comments }

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 […]

{ 0 comments }

The Wall Street Journal reported yesterday, 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 sellers of these products believed that if cases like this were lost, at the very […]

{ 0 comments }

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 guarantee rates of return, nor do they guarantee the principle unless the annuity holder chooses the […]

{ 0 comments }