Long term care insurance protects you and your family should you need extended care during your lifetime. This type of care is expensive and most often the responsibility of the individual and family who are forced to spend through their savings, assets and cash to pay most of the long term care costs.
An Insurance Settlement is the payment of proceeds by an insurance company to the insured to settle an insurance claim within the guidelines stipulated in the insurance policy. Insurance settlements are usually paid as structured settlements not as lump sums. Insurance companies will usually try to negotiate the best settlement for themselves which is not […]
Life insurance protects those that depend on your paycheck by providing them with a large lump sum should you die. There are two major types of life insurance. Term life insurance is similar to many other types of insurance in that as long as you pay the premium you are covered for the policy term […]
Homeowner’s insurance protects your house, its contents and your valuable possessions in case of damage, theft or loss. Policies differ from company to company. Things to look for in a homeowner’s policy include: “guaranteed replacement cost” provision, flood/ earthquake riders, “off premises” coverage. If you have a mortgage you are usually required to have this […]
Disability insurance is designed to replace a percentage of your gross income (anywhere from 45-80%) should you become ill or injured and are unable to work. A 20 year old worker has a 30% chance of becoming disabled before retirement age! It makes sense to protect yourself and your family.
Automobile insurance is protection for you and others you share the road with… oh yea, and the bank that owns your car until you are done paying for it. Auto insurance has two major components: collision and liability.