Individual Insurance:You Need to Know
Individual Insurance refers to any insurance policy purchased by an individual to protect themselves, their family, or their assets. It is tailored to the policyholder’s specific needs and is not…
Understanding Life Insurance: A Practical Example
Here’s an example scenario to illustrate how life insurance works: Scenario: Name: Michael and EmilyLife Insurance Policy: Term Life InsuranceCoverage Amount: $500,000Policy Term: 20 yearsAnnual Premium: $300 Purpose of the…
How It Protects Your Home after fire house
Here’s an example scenario to illustrate how fire insurance for a house works: Scenario: Name: John and SarahHome Value: $300,000Personal Property: $75,000 (furniture, appliances, clothing, etc.)Fire Incident: A kitchen fire…
Everything You Need to Know About Life Insurance
If you’re referring to life insurance, here’s a breakdown of the key aspects and considerations: 1. Types of Life Insurance Term Life Insurance: Provides coverage for a specific term (e.g.,…
How to Handle a House Fire Insurance Claim
If your home has been affected by a fire and you have homeowners' insurance, here’s a step-by-step guide to help you navigate the process: 1. Ensure Safety First Evacuate everyone…
Self-Insurance vs. Life Insurance: What You Need to Know
Self-insurance is financial strategy in which an individual or organization puts aside funds to cover potential losses instead of using standard insurance. If you've ever shopped for life insurance, you've…
How It Works and When It Makes Sense: Self-Insurance
Self-Insurance: What it is, How it Works, Example What Is Self-Insurance? Self-insurance involves setting aside your own money to pay for a possible loss instead of purchasing insurance and expecting…
COBRA Insurance: Eligibility, Benefits, and How to Get Coverage
Learn about COBRA insurance and how to get coverage COBRA, the Consolidated Omnibus Budget Reconciliation Act, lets qualified workers keep their group health insurance for a limited time after a…
How to Get Affordable Health Insurance Through the ACA Marketplace
How to get insurance through the ACA Health Insurance Marketplace The Affordable Care Act (ACA) gives more people access to health insurance. Use the ACA's Health Insurance Marketplace to find…
How and When to Apply for Medicare: Everything You Need to Know
How and when to apply for Medicare Learn how Medicare works and how to sign up based on your situation. Find out where to get help with your benefits or…