AHigh-Deductible Health Planis similar to a catastrophic plan in that it enables you to pay less for your health insurance. You have higher out-of-pocket costs when compared to other plans, but it can fall under
A unit linked insurance plan is a type of insurance plan that not only protects the person who invests in it from risk but also...
POS Insurance vs. Other Insurance Types When choosing a healthcare plan, you can consider a POS, PPO, HMO, or even an HDHP (High Deductible Health Plan). Each plan offers different benefits, and generally, the more you’re willing to pay in premiums, the more flexibility and coverage you...
Most, but not all, states offer FAIR plans. FAIR plan insurance is a last-resort safeguard for high-risk homeowners who can’t buy traditional home insurance. For instance, they might live in an area at high risk of natural disasters or have filed too many home insurance claims in the pa...
is applying for a loan, renting an apartment, or getting a mortgage, lenders and landlords usually ask for pay stubs to verify that they’re financially stable to meet their obligations. Pay stubs are also required for eligibility in government programs like Medicaid and unemployment insurance. ...
That will also determine how much of your portfolio is allocated to each type of investment. High-yield bonds, cryptocurrencies, initial public offerings and penny stocks fall into the high-risk category, for example, while Treasury bonds and ETFs, certificates of deposit, and dividend aristocrat...
“That could be a guarantee in the form of a stream of income or a death benefit.” What Is a Deferred Annuity? An annuity is a contract with an insurance company that offers a guarantee in the form of a steady stream of income. You can purchase a deferred annuity with a lump sum ...
The best place to keep your emergency fund is in a high-yield savings account, which offers easy access and pays a competitive yield. Look for banks and credit unions that insure deposits through the Federal Deposit Insurance Corp. (FDIC) or the National Credit Union Administration (NCUA). Wh...
Life insurance policies Stocks Retirement accounts Personal belongings, like jewelry or cars What is an estate plan? An estate plan is a series of legal documents outlining how you want your affairs managed after you pass away. An estate plan may address questions and concerns regarding matters li...
A unit linked insurance plan (ULIP) is a multi-faceted product that offers both insurance coverage and investment exposure in equities or bonds. This product requires policyholders to make regular premium payments. Part of the premiums goes toward insurance coverage, while the remaining portion is ...