It's officially summer. It's time to bask in the sun, sit by the pool, take out your boat and go on vacation. No matter what your summer plans, we'll give you the information you need to be sure you are covered.
In a speech I heard years ago, the main speaker talked about the new age of marketing. Yes, this was before the Internet, before social networking, and before the word “millennial” had even been invented.
It doesn’t take a medical worst-case-scenario like a terminal illness or catastrophic accident to generate a worst-case-scenario medical bill. Even a single surgery or short hospital stay can cost upwards of $100,000. But if you have insurance, how much of that are you responsible for? What is your financial worst-case-scenario?
As an independent insurance agent, I write a lot of homeowner’s insurance. Very often, and with good reason, the first question a homeowner will ask in regards to their homeowner’s insurance policy is, “What drives my homeowner’s insurance premium?” This is a legitimate and important question for sure, and at face value a very simple question to answer.
Do you know what a health insurance deductible is? If you don’t, you are not alone. In this blog post I will walk you through different types of deductibles and tell you how they work.
In 2008 AIG was suffering financially and was publicly attacked in the news for its aggressive participation in the sub-prime markets. Understandably, I received countless calls and emails from my clients, essentially asking: "Is my insurance company going to die before I do?"
For decades the general public has accepted as a fact that “term insurance” is the cheapest way to own life insurance. As a seasoned life insurance advisor, I know that this couldn’t be further from the truth.
Paying a co-pay for medical care is something we’ve all done and seems simple enough: You pay a low, fixed dollar amount for the right to see your doctor. Sounds simple enough, but have you ever paid a co-pay for a doctor’s office visit, and then been surprised a few weeks later with a lab bill in the mail?
Recently one of our agents came back to the office with his blood pressure boiling through the roof. He met with a prospective life insurance client, a single mother age 26, considered healthy with three young children. She was raising these children with no help from the respective fathers and she had no idea where they even were.
One of our clients came into our office to share with us that his wife had passed away and he wanted to take her off of his auto insurance policy. After our initial shock, condolences, and the feelings of remorse for him and his family, I realized we did not provide them with the opportunity to purchase life insurance.
When John and Mary purchased their homeowners policy, they were sure they had enough insurance to cover any event. What John and Mary didn’t count on was a flood in their basement caused by heavy snows that melted rapidly and saturated the ground around their home. When they filed the claim with their insurance company, their claim was denied. Why?