Purchasing life insurance is an important way to protect your loved ones financially in the event of your passing. However, life insurance policies sometimes get lost over time as policyholders change addresses, beneficiaries pass away, and records are misplaced. This can leave valuable policy benefits undiscovered and unclaimed upon the policyholder’s death. To address this … Read more
Salvasen Health burst onto the health insurance scene in 2020 with big promises of affordable, comprehensive health coverage. However, behind the glossy marketing was an illegal operation that left thousands of customers without the coverage they paid for. This article takes an in-depth look at Salvasen Health – who they were, how they operated, and … Read more
If you’re looking for maximum protection for your vehicle, Churchill Comprehensive Plus is the company’s top-tier car insurance package. This policy goes beyond standard comprehensive coverage to provide additional benefits and higher limits. In this comprehensive guide, we’ll explain everything you need to know about Churchill Comprehensive Plus: Key features and benefits What’s included vs … Read more
Insurance companies provide a vital service by managing risk and providing financial protection. But how exactly do they bring in the income to sustain their large and complex operations? There are two primary revenue streams that allow insurers to remain profitable enterprises: Premiums Investment income By understanding these dual income sources, you’ll gain insight into … Read more
Getting your vehicle declared a total loss after an accident is often an frustrating and stressful process. You have to go through your insurance company’s evaluation to determine if your car is repairable or not. If they do deem your vehicle a total loss, you then have to negotiate a fair settlement amount with the … Read more
Copays, along with premiums, deductibles, and coinsurance, make up the “cost sharing” aspects of Medicare. These out-of-pocket costs help fund Medicare and prevent overutilization of health services. But Medicare’s cost sharing structure can be confusing. Do you pay copays under Original Medicare or is it only with Medicare Advantage plans? And what’s the difference between … Read more
Covered California, the health insurance marketplace in California, has announced several changes for 2023. These changes aim to provide more affordable and accessible health coverage options for Californians. Here is an overview of the key updates: Expanded Insurance Carrier Options One of the biggest changes for 2023 is the expansion of insurance carrier options on … Read more
HMO and PPO plans are common insurance options that feature networks of approved healthcare providers. But they differ significantly in how they operate and control costs. Here’s how to determine which type of medical coverage you have. What is an HMO Health Plan? HMO stands for health maintenance organization. This type of health insurance plan … Read more
Medicare Advantage plans play a valuable role in expanding coverage beyond Original Medicare. Learn about the extra services and cost savings that make Medicare Advantage an important option for many. What is Medicare Advantage? Medicare Advantage (MA), sometimes called Medicare Part C, refers to private insurance plans that provide Medicare Part A and Part B … Read more
Understanding how independent agents and brokers differ allows you to choose the right professional for your insurance needs. Here’s an overview of their distinct roles and services. An independent insurance agent and an insurance broker serve similar functions – helping consumers find and purchase policies. But they operate under different business models. Learning the key … Read more