Insurance Archives - Moving 2 Brevard

Jan172021 by Ian JensenNo Comments

Understanding Long-Term Care Insurance

A lot of us donât like to think about this, but inevitably there will come a time where we will all need help taking care of ourselves. So how can we start preparing for this financially? Many people opt to purchase long-term care insurance in advance as a way to prepare for their golden years. Long-term care insurance includes services relating to day-to-day activities such as help with taking baths, getting dressed and getting around the house. Most long-term care insurance policies will front the fees for this type of care if you are suffering from a chronic illness, injury or disability, like Alzheimerâs disease, for example.Â If this is something you think youâll need later on, itâs crucial that you donât wait until youâre sick to apply. If you apply for long-term care i...

Jan172021 by Ian JensenNo Comments

Why More People May Buy Life Insurance in 2021

Banking, Life Insurance

A federal law passed at the end of 2020 has made permanent life insurance more attractive to some people. The law essentially tweaks the tax code to allow owners of permanent policies to put more money into the savings portion of their policy. As we have explained previously, permanent policies, also known as whole life policies, are a combination insurance-and-savings vehicle.Source: moneytalksnews.com

Jan172021 by Ian JensenNo Comments

The Best Car Insurance Companies of 2021

Auto, Auto Insurance, First Time Home Buyers

To help you understand what makes a top-rated car insurance company, itâs important to first find out how much coverage you need. This guide will help you understand what makes a top-rated car insurance company, how much coverage you need and ways to save money when getting a car insurance quote. Donât worry; our top […] The post The Best Car Insurance Companies of 2021 appeared first on The Simple Dollar.Source: thesimpledollar.com

Jan172021 by Ian JensenNo Comments

How to Avoid the Financial Blunders People Make in Their 20s

Bank Accounts, Debt, Home Loans By State, Insurance, Investing

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Nobody is perfect when it comes to their finances â even millionaires slip up sometimes. So when you start to think youâre worse off than your parents, or your nephew, or your friends, remember that allÂ 20-somethings have made mistakes that can cost them big time. But if youâre guilty of making some of these blunders, donât fret. You can still redeem yourself! Here are some of the worst blunders you can make, and tips to help dig you out of the hole. Blunder No. 1: Not Getting Free Gift Cards When You Shop What do you usually do with your receipts? You check out, they hand you a mile-long piece of paper, ...

Jan132021 by Ian JensenNo Comments

What is Accidental Death Insurance, and do you Need it?

FHA Loans, Life Insurance

Accidental death insurance, also known as accidental death and dismemberment insurance, is a type of limited life insurance often acquired for a nominal fee or added to an existing policy. As the name suggests, it releases a benefit if the policyholder dies from an accident or suffers a dismemberment.Â Accidents kill an estimated 160,000 Americans a year and are far more common amongst men aged between 18 and 44. Many of these deaths occur as a result of falls and motor traffic accidents, both of which are covered by most accidental death insurance policies. When You Donât Need Accidental Death Insurance If you already have life insurance, you can probably overlook accidental death insurance. In such cases, it will simply increase the value of the payout when you die, known as âdoubl...

Jan132021 by Ian JensenNo Comments

5 Best Places to Find Insurance for Freelancers

Conventional Loans, Insurance

According to the U.S. Bureau of Labor Statistics, 10 million workers are self-employed in the country. Being a self-employed worker can be liberating, but it also means youâre your own HR department, too. One of the biggest challenges youâll face is finding affordable insurance options. With a traditional employer, you had a limited array of health insurance options, and you mightâve had access to a team that could help you understand the paperwork and process. Now that youâre on your own, youâll also have to navigate this maze on your own. It wonât be easy, but we can help lessen the burden a bit by helping you learn about your options. ProsConsOnline Insurance MarketplacesLots of options to choose fromCan get personalized help in finding the right planSellers migh...

Jan132021 by Ian JensenNo Comments

5 Things to Consider When Changing Car Insurance

Auto Insurance, Conventional Loans, Insurance

Insurance is defined as a form of protection against loss. But in todayâs insurance industry, insurance can be purchased to mitigate against all forms of loss. It is a type of risk management used by people to protect against uncertain loss or the risk of failure. Insurance companies or carriers or underwriters sell premiums to those who wish to purchase premiums. Premiums can be defined as the number of money carriers charge to customers in exchange for the coverage set in the agreement also known as the insurance policy. And in 2017, the U.S. insurance industry sold premiums reaching a total of $1.2 trillion with the health insurances accounting for a large chunk of that amount. Coming in at second place was P/C (property/casualty) premiums accounting for $558.2 billion in 2017. Some ...

Jan132021 by Ian JensenNo Comments

Medicare for All: Definition and Pros and Cons

Conventional Loans, Insurance

Medicare for All is a proposed new healthcare system for the United States where instead of people getting health insurance from an insurance company, often provided through their workplace, everyone in America would be on a program provided through the federal government. It has become a favorite of progressives, and was heavily championed by Senator Bernie Sanders (D-Vermont) during his runs for the Democratic presidential nomination in 2016 and 2020. If you are looking for help with medical planning under our current system, consider working with a financial advisor. Medicare For All: How It Works Sandersâ bill would replace all other insurance, with limited exceptions, such as cosmetic surgery. Private insurance, employer-provided insurance, Medicaid, and our current version o...

Jan132021 by Ian JensenNo Comments

The Top Financial Resolutions for 2021

Bank Accounts, Budgeting, Conventional Loans, Insurance, Investing

Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. Learn more about how we make money and select our advertising partners. Have you made your resolutions yet? It can feel a little daunting trying to figure out what you need to focus on, so we made it easy: These are the resolutions everyone else is taking on in 2021, according to a survey by Wallethub, and you should, too. Plus â how to accomplish them. 1. Make A Realistic Budget And Stick To It This one sounds familiar, right? Oft-regarded as Old Faithful when it comes to New Yearsâ resolutions, it holds that title for good reason. Having a budget you can actually stick to will set you up for financial success, no matter what your goals are. Itâs easy to slip away from our good...

Jan132021 by Ian JensenNo Comments

Deducting Health Insurance Premiums When Youâre Self-Employed

FHA 203k Loans, Health Insurance

In this day and age, health insurance is something that we all need to have but have different ways of getting it. Health insurance is expensive. If you work for a company that offers insurance, you wonât have to worry about deducting it from your taxes, but if you have been paying out-of-pocket for your health insurance and living on a self-employed income, you might be able to deduct the total dollar amount from your taxes. There are specific criteria you will have to meet in order to be able to make this deduction. In this article, we will discuss what the self-employed health insurance is and how you can deduct your monthly health insurance premiums. What is the self-employed health insurance deduction? Because it doesnât require itemizing, the self-employed health insurance...