Premiums under HIPAA may be two to three times what they would be for a standard-rate policy. HIPAA policies are typically an option of last resort for many people without employer-provided health insurance; however, HIPAA is still better than no health insurance at all. Each state has its ...
There’s a long debate about whether long-term care insurance makes sense for most people, considering its steep cost. But if you’re pretty sure you’ll end up needing expensive care toward the end of your life, it’s worth checking the price of a policy. How does insurance work? Firs...
With variable life insurance, the policyholder chooses from a selection of investment options for the policy’s cash value. This type of policy involves financial risk, and you should ensure you understand the fees and the circumstances under which your policy could lapse. Nationwide offers more th...
If you’re checking the unemployment rate as a key economic bellwether, it helps to know how many people are actually working or looking for work. Here’s why. Imagine two hypothetical scenarios in which the unemployment rate is 4% (which has historically been considered at or near full empl...
Life insurance can be a prudent financial tool to hedge your bets and provide protection for your loved ones in case you die while the policy is in force. However, there are situations in which itmakes less sense—such if you buy too much or insure people whose income doesn't need to ...
Like whole life, a universal life policy also falls under the permanent life insurance category. However, the cut-off for universal policies is usually around age 95 or higher. While it may not be enough for all policyholders, it still offers more longevity than you’d find with a term po...
This product entitles the insurant to part or all of the insurance premium under a contract for death or disability, or medical expenses incurred by accidental injuries. Participating insurance This life insurance product requires the insurer to distribute the surplus that exceeds a preset value to ...
Term life insurance is a better option for most people, in part because whole life insurance comes with a significantly higher price tag. However, this type of coverage may be appropriate in certain circumstances — for example, if you have a child with lifelong special needs, or if you’re...
Medicarefor those 65 and older and younger people with specific physical disabilities Medicaidfor those who qualify due to income or family status Veterans Affairsfor retired former members of the U.S. military CHIPhealth insurance for those under 19 years of age2 ...
We examine the effects of risk aversion and derive the conditions under which a more risk-averse individual demands more or less insurance. Keywords: two-period model; insurance; multiple risks; riskiness 1. Introduction How does insurance work? Take automobile insurance for example: Once a ...