Accidents happen. Whether they are from a natural disaster such as tornado or an unexpected collision such as with motor vehicles, accidents can take a toll on an individual and his or her family. This toll takes many forms, from financial to physical and even emotional. It’s important for all Americans to stay protected. This protection comes in large part from insurance. Insurance companies offer plans that provide financial protection from everything ranging from motor vehicle accidents to unexpected trips to the hospital. How insurance works is revealed through a quick glance at auto insurance: Private insurers pay around 50% of all motor vehicle crash costs. High risk equals high
Taking out life insurance is the adult and responsible thing to do, and yet you may not yet have taken the plunge. If you haven’t, it’s probably high time your examined your personal finances and really asked yourself what you want to do about them. If you remain unconvinced, check out these three reasons why you should make sure to take out a life insurance policy as soon as possible: Your Work Coverage Isn’t Enought Health insurance may be a given at your place of work, but life i
The American health insurance system is something that every citizen has to interact with in one way or another and is therefore something everyone should have a basic understanding of. Policy changes in the last few years to medicare, medicaid and employee benefits have given more people coverage but also created some confusion. For a long time the health insurance system included individuals buying their own, and employers providing insurance to their employees, but currently employers are only providing insurance to two out of five Americans under the age of 65. This is changing slowly, and in 2016 a law is supposed to be implemented requiring companies with over 50 employees to provide insurance. This of course excludes people working for smaller companies with less than 50 people, people who wo
Life insurance pays a sum of money to a person’s family at the time of his or her death. About 85% of consumers agree that life insurance is necessary for most people, but only 62% of those people say they actually have it. If you are considering buying life insurance, here are five incentives to do so: 1. It Protects Your Family In the event that you pass away, your family will be able to support themselves with the money they get from your policy. The money can be used to pay for funeral costs, handle unpaid bills, and manage expenses during a time that might be very difficult. If you are the primary breadwinner of your family, life insurance might be essential. 2. It’s Not As Expensive As You Think About eighty percent of consumers incorrectly
Nowadays it is the law to have health insurance. Many jobs offer employee benefits that include individual health insurance. Places like medicare will offer insurance to those who can not receive healthcare through their employer and to the unemployed. If you do not have health insurance, you will have to pay a fee. This fee is called the individual shared responsibility payment. You will have to pay the penalty for any month you or your dependents went without health insurance. Not only that but you must ensure that the individual health insurance that you do have qualifies as at least the minimum
Insurance is one of those odd things that revolve around regret; some regret having it if they never use it, but everyone regrets not having it when they need it. Many people shudder at the thought of paying to prevent an event that may not necessarily happen, but the cost of going without insurance is sure to surpass the monthly fees. Many companies are offering free insurance quotes with experts standing by to help teach newcomers how to get insurance coverage that is right for their lives. Renter and Homeowner Insurance For all of the money that people invest into their homes, you would think that nearly everyone would want to cover their possessions from the elements.