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Tag: insurance

How to save money on auto insurance

How to save money on auto insurance

Automobiles
Everyone knows that auto insurance is required in this country, but not everyone knows how to save money when they buy it. Reducing monthly bills is important in today's economy, and here are some simple ways to save money and get the affordable auto insurance needed. Maintain a Quality Credit Score for Better Car Insurance Whenever it is important to get the best interest rates on anything, including credit cards, loans, mortgages, or insurance, always check credit scores first. Most insurance companies are looking at credit scores today and they do have a part in determining how much the auto insurance premiums will be. Take the time to make any corrections needed and then check back about five or six weeks later to ensure that the corrections have been made. Discover Cars w...
Thinking of retiring amid coronavirus pandemic?

Thinking of retiring amid coronavirus pandemic?

Career
Retirement today may mean something very different than it did a few years ago. It may mean that someone has applied for Social Security benefits or it may simply mean that someone is no longer working. Retirement can also mean that someone has chosen to continue working, either full or part-time and still receive Social Security benefits. All these options are available, but before taking the steps to these options, careful consideration needs to be done in order to ensure the right decisions are being made. Taking early retirement may mean that there will not be enough income and delaying retirement may mean that there are not enough years left to enjoy the increased income. Finding the right balance is the key to successful retirement planning. Crunch the Numbers There are ...
Whole life insurance – pros and cons

Whole life insurance – pros and cons

General
Provided that monthly premiums are maintained until a pre-specified age in the agreement, a whole life insurance policy is specifically designed to pay out upon death. Once this age is reached, a whole life policy continues for the remainder of the insured's life. Part of the premium goes towards providing coverage and the remainder is placed in the provider's investment portfolio. It is amongst the leading alternatives to level term insurance, which only provides coverage for a defined period of time. Advantages of Whole Life Insurance Coverage for life. Unlike term insurance, the insured will be covered for the entirety of their life. This means that they will receive a payment upon death regardless of whether they die at 25 or 90. Tax free. The payment upon death will normall...
Important tips to follow while buying homeowner’s insurance

Important tips to follow while buying homeowner’s insurance

Home & Garden
Before shopping around for a homeowners insurance quote, learn more about the policy: Homeowner's insurance policy coverages: actual cash value vs. replacement cost. We'll start off with actual cash value and replacement cost, because if this coverage isn't specified in the quote, homeowners could be in for some serious trauma if there is an insurance claim. Simply put, actual cash value includes depreciating the value of items at the time of the insurance claims assessment. The depreciation calculation varies by the item insured, the insurance company and the individual claims adjuster. Replacement cost value does not depreciate the value of items insured at the time of the insurance claims assessment. Replacement Cost is the actual cost to replace an item destroyed or damaged i...
Understanding accident sickness and unemployment insurance

Understanding accident sickness and unemployment insurance

Finance
Many people take out a wide range of insurances including life cover and an array of medial and healthcare insurances. However, with the economy in its current state, now may be the time to consider additional levels of insurance, such as accident sickness and unemployment insurance. Why Take Out Accident Sickness and Unemployment Insurance? Accident sickness and unemployment insurance are designed to protect one from a fall in income, should one be subject to one of the three conditions which would prevent an individual from attending one’s normal occupation. Whilst in many countries, such as the UK the state will provide a comprehensive package of benefits if such unfortunate events arise. There is still the consideration that such benefits will not allow an individual to li...
How unemployment insurance works in the States

How unemployment insurance works in the States

Career
In the midst of staggering unemployment and poverty during the United States’ Great Depression arose a New Deal and new legislation aimed at bolstering a battered and torn economy. The Social Security Act of 1935 created a safety net for Americans who needed financial assistance for unemployment, disability, retirement, and other life situations where they may find themselves without an income through no fault of their own. In 1939, the Federal Unemployment Tax Act (FUTA) set the unemployment compensation-related provisions of the Social Security Act into motion, creating a joint state-federal program of unemployment insurance. According to the U.S. Department of Labor, FUTA authorizes the Internal Revenue Service (IRS) to collect a federal employer tax in order to fund state workfo...