In our previous post, we explained some common life insurance mistakes to make sure to avoid. Choosing between life insurance policies and talking to different life insurance companies can be overwhelming, scary, and bring out the fear of the unknown, but if you follow these tips there is nothing to worry about.
Here we continue our list to make sure you choose the right policy for you and your family.
Mistake: Picking a policy based only on price.
It can be tempting to pick a policy because it is cheaper, but this can easily backfire in the long-run. When it comes to life insurance, choosing the cheapest option is not always the best idea. While it can be hard for you to justify an expensive price for something you may never see, it is important to consider your family after you pass on. You will want to do what’s best for them and ensure they are protected, and the cheapest policies won’t do that.
Mistake: Purchasing a policy with premiums that increase over time
In a perfect world, there would be life insurance policies that have a level premium. But this isn’t always the case, and sometimes premiums increase over time without you knowing. This can lead to financial problems if you are not on top of your policies. So it is best to every month or so, check on the rules and regulations of your policies to see if your premiums are increasing without your life insurance company telling you. As always, when picking a plan, you will be able to sign up for alerts and notices that will let you know if anything changes.
Mistake: Not shopping around
To ensure that you pick the best policy, you’ll need to look at factors other than just the price. You’ll want to choose a life insurance company that will work with you and will be able to keep you in the loop. Shopping around and getting price quotes is a good place to start and then you’ll be able to see first hand what exactly you have to work with.
As long as you prevent these mistakes from happening, you will be prepared to choose the right life insurance plan for you and your family. If you have any questions, please do not hesitate to ask our professionals, we’re here to help!
Cancer is a trying time for anyone, but if you or a loved one are trying to navigate the complicated cancer treatment process while on medicare it can be especially difficult.
In the first part of our series of posts on medicare and cancer, we discussed financing your treatment with medicare A and B. In this second part, we’ll dive into medicare C and D.
Medicare Part C or Medicare Advantage
Medicare Advantage has a number of different benefits (dental, hearing, vision), there is little difference in what cancer treatments are covered. In addition, these private plans might even restrict which doctors and hospitals you are able to visit, so it is important to do your research thoroughly.
The is one possible advantage — although it is highly dependent on the terms of each individual plan. Medicare Advantage might reduce the out of pocket cost for the medical procedures covered by Part A and Part B.
Medicare Part D Coverage
Part D is designed to alleviate some of the burdens of prescription drug costs. This plan can be purchased either on its own or in addition to a Medicare Advantage plan. While these plans will not cover every single prescription you might need, they can greatly help take the financial pressure off your or your loved one.
One issue that you might experience with Part D, especially if you need many prescriptions, occurs when you have reached the limit of your initial coverage. During this period of time, you will need to pay a higher percentage of the medications cost. While there are a number of steps you can take to limit your costs during this time, there is little you can do with this plan but wait until you have reached the next phase of your insurance, called the catastrophic coverage phase, which requires a small co-pay and lasts until the end of the year.
Medicare is a very popular program: as of 2015 there were 55.7 million Americans enrolled — that’s up from 39.7 million in 2013. In fact, experts at the Commonwealth Fund expect that it will grow to cover 81 million people. But that does not mean the program is all inclusive.
In the third and final part of these series, we will examine the various medicare supplement insurance plans and cancer care insurance, and how they can help you and your loved one.
Would you like to purchase insurance for this package? When you are getting ready to ship items to your friends and family members for holidays like Valentine’s Day and other special events it is pretty easy to find affordable insurance options:
- Acorns to your aunt who lives in Maine.
- Booties that you crocheted for your newest niece.
- Christmas gifts for your neighbors from the old neighborhood.
- Dresses that you found on sale at your favorite boutique. You know your college age daughter will love them.
- Elegant vintage jewelry pieces that you want to lend to your granddaughter for her senior prom.
- Fish food for your grandson?s new aquarioum
Do you need help choosing a health plan? With the United States seeing its healthcare policies in constant flux, it helps to know your options when it comes to getting the basic care you need to stay healthy and happy. Choosing a health plan means balancing your budget, exploring your unique needs and pinpointing the proper care necessary to make sure you’re covered no matter what happens. If you’re not sure what the best medicare supplement will be for your lifestyle or simply want to know more about the most common health issues facing modern Americans today, take a look at the list below to get started.
One of the most common issues facing American adults today is t
Are you currently thinking about what you need in terms of insurance? If so, you may already have one or more of these insurance types:
- Car insurance
- Homeowner’s insurance
- Life insurance
- Property insurance
- Renter’s insurance
When you initially looked for life insurance, you probably contacted several insurance companies to determine how to get insurance coverage. At that time, you likely requested life insurance quotes.
With your home insurance, you probably asked for free insurance quotes on affordable home insurance as well.
In 2014, ORC International conducted an Insurance Information Institute poll. The informa
Do you have affordable auto insurance? If you feel you’re lagging behind on your car’s coverage it’s time to start looking up your local insurance services, as a vehicle that doesn’t have a back-up plan is going to feel the pain if you get into an accident or have to pay off a speeding ticket. This, of course, extends to owning a home or renting an apartment. When a disaster can strike at any time and leave you financially stranded, insurance is there to help you get back on your feet again in no time. Below is a simple list of the benefits affordable auto insurance and additional insurance services can offer you in your day-to-day.
Why Should I Have Car Insurance?
Affordable auto insurance is a must if you own a vehicle. Buying and maintaining a car is expensive enough without
The vast majority of Canadian businesses are made up of small businesses comprised of between two and 100 employees. For smaller companies, group benefit plans are more feasible, although many small business owners in Canada are worried about the cost per employee of employee benefit services.
However, in most of Canada, health care costs are paid through funding from income taxes. In spite of this, just under a third of all Canadian health expenditures come from private sources, meaning both insurance and out of pocket payments. When a company provides an employee benefit plan that involves supplemental health insurance, it means that employees can rely on the benefit plan to
It’s required by law to buy auto insurance, but just because you have to do it doesn’t mean you should skimp out on it. In fact, just the opposite is true. It’s incredibly important to buy auto insurance (hence why the law requires it), because it protects you, your loved ones, your property, and any other parties who may become involved in an accident. This means that you shouldn’t worry about how to get auto insurance cheaply, but rather how to find good insurance.
So, to help you buy auto insurance, here’s a few tips!
1. You Can Buy Auto Insurance Online.
Many underestimate how valuable this option can be, though it’s increasing in popularity. According to a Inter
In the United States, one of the most common types of insurance is car insurance. There are a couple of reasons for this. First, has to do with the sheer number of cars in the United States, an estimated 245,000,000 vehicles. Second, all states, with the exception of Virgina and Mississippi, require that drivers have at least some kind of car insurance.
There are a few different kinds of car insurance. The most basic car insurance is known as liability coverage. It covers damages for bodily injury and property damage for which the insured driver is responsible. However, it will not cover damage caused by another driver or thing. However, this kind of insurance is fairly limited. Many drivers want more extensive coverage.
Hence there is collision coverage. Collision coverage is designed to coverage fo