The 2012 Hurricane season officially began June 1 and will end November 30. In between now and then, NOAA is forecasting 9 to 15 named storms, 4 to 8 hurricanes and 1 to 3 major hurricanes in the Atlantic The
damage big storms and hurricanes cause homes is well-documented. But did you know that We typically pay a lot of attention to the damage these storms can cause to homes, but hurricanes and heavy storms can also damage your vehicle.To prevent storm-caused vehicle damage and to make sure youâ€™re covered if it happens, hereâ€™s what you need to know about car insurance and hurricanes .
Your basic auto liability policy does not cover damage to your car caused by wind, hail, flood, hurricane or any similar natural disaster. You
I had an agent questioning me about indexed universal life today. He admitted he was a new agent. He also admitted that one of his primary attractions to the product were the high premium and high commission. Call me old fashioned but I emailed back to him and asked him to give some serious thought to how those two things played into his clients best interests. This is one of the inherent downsides to life insurance sales.
Life insurance companies dont attract agents by telling them about less expensive products and lower commission schedules. This is and should be a daily gut check for new and old agents.
Ive spent significant time in my career in life insurance explaining to clients and potential clients the difference between what an underwriter says and what their doctor has told them. They are often two starkly different opinions and it creates confusion when your doctor says you have the heart of a 30 year old (preferred plus, right?) and the underwriter reviews that doctors records and approves you at standard rates.
Two immediate misconceptions come from that occurrence. First and foremost there is a perception that the underwriter is a moron who obviously knows nothing about heart issues, someone who took the job because the grease at MacDonalds was causing acne.
I took a call this morning that popped up a question for civilian contractors and workers in war zones that I had honestly not considered. The call was from a widow whose husband worked for a US company in Afghanistan and died while working there about six months ago as the result of an act of war. He had life insurance through his company carried by Met Life. Before leaving on his last trip to Afghanistan he went on line to his company website and added more life insurance with the same group.
A life insurance claim was filed this summer when he was killed.
Being in the impaired risk end of the life insurance business, and specializing in helping people who arent having any fun with their life insurance experience, almost everyone who calls or emails me has on thing in common. The have unfortunately allowed the wrong agent to take their application to the wrong company and, no surprise, it ended with the wrong result. But the problem is more pervasive than just impaired risk cases.
In the past, people could use Health Savings Accounts or Flexible Spending Accounts to buy over-the-counter medicine. And, they didn’t need a prescription. That changed in 2011 with the health care reform law. Now you can only use HSA or FSA money to buy prescribed medicine, but that does include over-the-counter drugs that a doctor prescribes. That change has been debated in Congress.
Paul Van de Water, a senior fellow at the Center on Budget and Policy Priorities, said these HSA and FSA tax-advantaged accounts favor high-income taxpayers much more than low-income or even moderate-income taxpayers.
My Dad died 3 years ago this month and had a total of $7500 worth of life insurance. My Mom has a $2500 burial policy and is still going strong at 89. They fit the mold for middle income America and never had any more life insurance than they did when he died. I wouldnt think of being in that kind of position at this point in my life, so whats the difference.
Even though my Dad was a fireman, he had a pension provided by the city that was, well, to die for. If he had died prematurely my mother would have received his pension in full, equal to his salary at the time of death and guaranteed for her life.