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 [...]
How Health Reimbursement Arrangements Work Health reimbursement arrangements are employer-provided benefits. They help employees cover health care expenses that are not covered by the Affordable Healthcare Act plans. In this article, we will go over the basics of how HRAs work. Funding HRAs HRAs are funded entirely by your employer. HRAs are not accounts, [...]
COBRA Health Insurance Coverage-The Basics COBRA health insurance coverage comes from the Consolidated Omnibus Budget Reconciliation Act. This Act allows you to maintain health insurance coverage if you lose it through your employer. In this article, we will go over how to qualify for COBRA, what it covers, and how to manage the cost. [...]
Buying a Long-Term Care Insurance Policy Long-term care insurance is not just an insurance policy to cover nursing home care, it will help provide care for you in the event of a prolonged illness. However, the price for long-term care insurance has been on the rise and is now getting out of reach for [...]
Why Annuities Are Important for Retirement A successful retirement plan is composed of many different elements. One of these elements are annuities. Why are annuities so important? In this article, we will go over 5 reasons why annuities are important for retirement. 1. Disciplined Savings During the accumulation phase, most annuities have strict rules [...]
Business Uses for Life Insurance Many view life insurance as a way to financially help their family when they pass. But there are many other uses for life insurance, some of these are in the business setting. In this article, we will go over 8 business uses for life insurance. 1. Preventing Liquidation If [...]
Co-Insurance and Co-Payment-Choosing the Best Option Co-insurance and co-payment are two forms of cost sharing that insurance companies utilize. It is important to understand how they work. Understanding this process will help you save money on your health care expenses. In this article, we will define co-insurance and co-payment and go into how they [...]
Figuring Out Your Life Insurance Policy Understanding your life insurance policy is extremely important. It will help you to understand the right and obligations that you have under the contract. However, reading and understanding your policy is not the easiest accomplishment. For that reason, we have created this list to help you as you [...]
Basics of a Fixed Annuity A fixed annuity can be a powerful retirement planning tool. In this article, we will go over the basics of fixed annuities. This includes how they work, what benefits they offer, and how to determine if one is right for you. How a Fixed Annuity Works A fixed annuity [...]
