- How Long Does It Take Life Insurance to Pay Out?
A life insurance payout timeline can vary from company to company and claim to claim. You can avoid delays or denial by following the appropriate procedures. Let’s break down how long the process typically takes and what you can do to… read more…
- High-Net-Worth Insurance
Insurance is designed to protect you financially in case the worst happens. If you’ve accumulated significant assets, you may consider purchasing a high-net-worth insurance policy to cover your belongings and property. High-net-worth insurance, also known as high-value insurance, is designed… read more…
- Present Value vs. Future Value: Annuities
Annuities can provide you with an additional stream of income in retirement. These insurance contracts allow you to collect payments at a future date in exchange for an upfront premium. In addition to using annuities to fund retirement, you might… read more…
- How Much Does Business Insurance Cost?
Monthly business insurance premiums can be both affordable and expensive. How much business insurance costs will depend on the type of business you own. In fact, there are many factors that go into pricing a business insurance policy. You will… read more…
- What Is Premium Finance for Life Insurance
The average American can get a basic life insurance policy for an inexpensive monthly premium. But high-net-worth individuals insuring expansive estates will likely have to pay thousands of dollars per month to maintain their policy. Over half of all Americans… read more…
- What Does Professional Liability Insurance Cover?
Professional liability insurance can help cover you and your business when a professional service mistake is made with a customer or client. Professional liability insurance is a different type of business insurance than general liability insurance and it extends your… read more…
- Vanguard’s 3 Steps to Maximizing Your Medicare Coverage
When it comes to Medicare, understanding your healthcare needs and finding the right coverage are essential. But as you get close to or enter retirement, making decisions about your health can be overwhelming. To make the process a little easier, Vanguard… read more…
- Buying Life Insurance With a Pre-Existing Condition
You want to make sure your family is safe and secure. That’s why you’re researching life insurance. But how do you buy life insurance with pre-existing conditions? What are the best types of life insurance to buy if you have… read more…
- Is Whole Life Insurance a Good Investment?
Building financial security for your family is achievable in numerous ways. For example, you could set up a trust, purchase real estate or create a 529 college fund. However, if you’re looking for a financial vehicle with guaranteed returns and… read more…
- Average Cost of Medicare Supplemental Insurance
When you reach retirement age, Medicare insurance offers basic medical insurance protection for your health needs. However, this coverage is basic and does not cover all of the costs for covered medical services and supplies. Medicare supplemental insurance policies are… read more…
- How Does Force-Placed Insurance Work?
Force-placed insurance is a policy that a lender places on a home or other property securing a loan in order to protect the lender’s interests. The lender selects the policy and coverage details but the borrower has to pay the… read more…
- Who Needs Umbrella Insurance?
Insurance is a complicated topic, but it’s one that everyone needs to understand to properly protect themselves. There are a lot of types of insurance: car insurance, life insurance and homeowners insurance, for example. One insurance product you may have… read more…
- Second-to-Die Insurance Policy Definition
A second-to-die policy is designed for couples who want to share a life insurance policy with specific beneficiaries, such as children and grandchildren. The life insurance company will only make a payout to the beneficiaries after the last survivor passes… read more…
- What Is a Unit Linked Insurance Plan (ULIP)?
Almost everyone has at least one of the two ends in mind when they invest money: retirement or taking care of family. While it may appear that you have to address those priorities separately, a ULIP allows you to prepare… read more…
- Comprehensive Loss Underwriting Exchange (CLUE)
Have you ever had questions about past damages to a car or home you’re interested in buying? Or maybe you’ve felt that your auto or home insurance premiums are higher than usual. In both cases, a Comprehensive Loss Underwriting Exchange… read more…
- Can Medicaid Take Life Insurance From a Beneficiary?
Medicaid provides a way to pay for medical costs. But it can also lay claim to the assets that you leave behind, including life insurance if you do not have a designated beneficiary. Let’s break down what what Medicaid can claim… read more…
- What Is an Insurance Quote?
Insurance can be a complicated topic, but the concept of an insurance quote is a fairly simple one to grasp: it’s basically an offer from an insurance company detailing how much you’ll pay and what you’ll get in return. If you… read more…
- What Is Voluntary Life Insurance?
Voluntary life insurance is a type of insurance offered as part of a group insurance policy that typically covers employees in the event of their death. It is an additional benefit offered by employers that they typically don’t pay into,… read more…
- How to Find Out If Someone Has Life Insurance
People buy life insurance to protect against financial loss when they die. But what happens if they don’t let anyone know about their policy? Their family could miss out on much-needed money to cover the loss of income, pay off… read more…
- What Is a High-Deductible Health Plan?
According to the U.S. Bureau of Labor Statistics, the average American household spent $5,177 on healthcare costs in 2020. With healthcare costs eating into many American budgets, you may wonder if a high-deductible health plan (HDHP) can cover some of those expenses or leave you on the hook for necessary medical care. Let’s break down… read more…
- What Is Group Term Life Insurance?
Life insurance is a valuable tool that pays off debt and replaces income when someone dies. While some investors purchase individual term policies, others get group term life insurance from their workplace or other organizations to which they belong. It… read more…
- How Much Does a $2 Million Life Insurance Policy Cost?
A $2 million life insurance policy may sound like a lot, and you might think so much coverage must be very expensive. But when you consider all the expenses your family will have if you pass away – a mortgage,… read more…
- How Does Simplified Issue Life Insurance Work?
Life insurance is designed to provide financial peace of mind for you and your loved ones. Simplified issue life insurance is something you might consider if you don’t want to go through the standard medical exam that’s often required to obtain coverage. You might consider a simplified issue policy if you need to get covered… read more…
- What Are the Parts of an Insurance Policy?
Insurance is designed to protect you financially when the unexpected happens. Whether you’re buying a car or a home, renting an apartment or starting a family, there are different types of insurance policies you can purchase for financial reassurance. Understanding the different parts of an insurance policy isn’t a prerequisite for buying coverage. But it… read more…
- 8 Types of Insurance You Can Buy
There are a lot of different types of insurance choices and it can be difficult to determine which ones you should get. Many have costs that are only increasing, making it even more difficult to choose the insurance types that… read more…