Consider Overall Costs:Look beyond the deductible and consider the total cost of the insurance plan, including premiums, co-pays, co-insurance, and out-of-pocket maximums. Calculate potential out-of-pocket expenses for both low and high deductible plans to determine which option may be more cos...
Liquidity in a life insurance policy refers to the ability to access the cash value within the policy during your lifetime. Unlike other forms of insurance, life insurance policies often accumulate cash value over time, which can be used for various purposes. This liquidity feature allows you to...
“Your full retirement age is one of those critical dates in retirement that you need to know, especially when it comes to Social Security,” said Andrew Wood, a retirement planning advisor with Dan White & Associates in Middletown, Delaware, in an email. If you work while...
Any fixed income security sold or redeemed prior to maturity may be subject to loss. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money. Fidelity does not provide legal or tax advice. The information herein is ...
Louisiana is not a no-fault insurance state. In a no-fault state, drivers carry special coverage that covers their medical expenses and, in some cases, lost wages, regardless of who is at fault in an accident. No-fault does not mean that no one can be found at fault for the accident...
Business travel insurance If you go abroad for work, you may need to take out a business travel policy (if your company doesn’t provide it for you already). This will provide extra cover for the loss or theft of expensive business equipment and other goods, such as clothing, jewellery an...
dream home, and out-of-nowhere you’re asked to pay a truck full of taxes that were not paid when due by a previous owner. In this case, your title insurance policy would cover the cost of the taxes, and protect you from any other financial loss due to mistakes in the property ...
These annuities are offered by insurance companies and their rates are quoted as an “Effective Annual Yield.” You will be given the option to choose the guaranteed income period, typically between three and ten years. In most cases, you will be offered a higher annuity rate for holding ...
A common objection to investing in an immediate annuity is the loss of liquidity. The idea of laying out a substantial amount of capital and not being able to access it again, spooks some annuity buyers.Many insurance companies that issue immediate annuities have come up with a way to ...
There are many times in a person's life when he may need insurance of one kind or another. The most common types of insurance are health, automobile and life. There are specific qualifications that must be met for each one before you can be accepted into a plan, and sometimes the approv...