Now that you know why insurance companies do what they do, it’s time to take a look at some of the language you’ll need to understand some insurance vocabulary terms before delving into your actual coverage. These are the tools in the well-supplied tool belt you’ll wear while you build your insurance structure. (more…)
At the end of 2006, the resident population of the United States was approximately 300 million. Roughly 250 million people had some form of health insurance. The operative word is roughly. People obtain health insurance from a variety of sources. Many of them have access to and sometimes coverage from more than one source. Moreover, they may not have coverage for the entire year, and there is no single repository of data on who has what sort of coverage over what period of time. Thus, a person living in a two-earner household may have coverage from both workers, from only one, or from nether. (more…)
People over 50 have a growing need for asset protection because they have more assets worth protecting. But professionals who work in the field say that insurance coverage spreads unevenly along income insurances lines. More affluent seniors tend to be heavily-insured; less affluent ones tend to be under-insured. This discrepancy reflects the insurance market at large. It may have special meaning to people planning their lives around fixed family incomes. (more…)
The risk-free investment grows stronger in all fields, also it is happened in the insurance market of savings and investment, now focused on products with guaranteed capital at the expense of offering low returns (between 2% and 5% APR). The life-savings insurance is life insurance policies that assure the holder in the medium to long term, since one year. (more…)