SHOP Basics SHOP stands for Small Business Health Care Options Program. The SHOP allows small business owners to be able to offer Health Care coverage to their employees. In this article, we will go over SHOP basics so that you can successfully enroll in a plan for your small business. Eligibility The first step [...]
Save on Term Life Insurance Life insurance is an important measure that will help your family cover costs if you pass. The most popular and affordable option is term life insurance. You can purchase a term policy that will stay in effect for 10, 20, or 30 years. Because these policies are not guaranteed [...]
Disability Insurance Coverage Failing to have disability insurance coverage could put you into dire financial straits if you ever become unable to work due to disability. Unfortunately, many people overlook or forget about it. But it is a critical component of financial planning since it protects your income, which is your financial fuel. In [...]
Annuity Riders Annuity riders are amendments to your annuity insurance policy. These riders can help to expand your policies benefits. In this article, we will go over several of the most common annuity riders and what they can do for your coverage. Long-Term Care Rider Typically, long-term care riders can be added onto fixed [...]
What Is an Annuity? An annuity is an insurance-based product that is a powerful retirement planning tool. Typically, you fund an annuity with a lump sum and promise not to touch that sum for a set amount of time. In return for this, the insurance company provides you with a guaranteed interest rate and [...]
Factors to Consider When Purchasing Long Term Care Insurance Long term care refers to the type of care for those with chronic illnesses or disabilities. Is is when you need care on a daily basis for an extended period of time. This could vary from assistance with basic daily activities to skilled nursing care. [...]
Medicare Versus Medicaid Many people confuse Medicare and Medicaid. Though they both help cover medical expenses, they are two very different government programs. In this article, we will compare Medicare versus Medicaid. We will go over what they cover and how to qualify for one or both. Medicare Medicare is for people over the [...]
Why You Need Life Insurance You may wonder why you should buy life insurance. Many individuals think they do not have enough assets to need it, others simply avoid it because they do not like to think about mortality (death). In this article, we will go over 5 reasons why you need life insurance. [...]
Term Life Insurance Term life insurance is one of the cheapest and easiest to understand types of life insurance. It covers you for a specific period and can be a flexible source of coverage. In this article, we will go over the basic characteristics, types, and usefulness of term life insurance. Basic Characteristics Term [...]
Choosing Disability Insurance Disability insurance is insurance that will provide you with income if you become sick or injured to the point that you are unable to work. If you want an overview of how disability insurance works, you can read the Fundamentals of Disability Insurance. There are many different terms that you need [...]
