An insurance assignment is an agreement that transfers the rights or benefits of an insurance policy to another party. It gives that party the authority to file claims, make repair decisions, and collect insurance payments without the involvement of the policyholder. Insurance assignments can be helpful in certain situations but also come with risks that … Read more
Selling insurance independently can be an attractive career path for those looking to be their own boss and benefit from the flexibility and earning potential of working for themselves. But is it possible to sell insurance on your own outside of working for a larger insurance company? The short answer is yes! You absolutely can … Read more
For most types of life insurance, the policy has a set end date known as the maturity date. When a life insurance policy reaches maturity, the policy ends and a payout is made to the policy owner. But what exactly happens at maturity, and what should you expect? Below we’ll look at how maturity works … Read more
Getting pregnant can be an exciting time, but it also brings many practical considerations – including your health insurance coverage. Pregnancy care and childbirth costs can be expensive, so having sufficient coverage is crucial. Two common insurance plan types many pregnant women consider are PPOs and HDHPs. But when it comes to pregnancy, which option … Read more
Insurance audits are a regular part of doing business for many companies. But how far back can an insurer legally audit your records? Here’s what you need to know about insurance audits, including how long records must be kept and maintained. What is an Insurance Audit? An insurance audit is a review of a policyholder’s … Read more
Online only insurance policies allow customers to purchase insurance coverage entirely over the internet, without interacting with an insurance agent. While online insurance options have existed for over two decades, they have exploded in popularity in recent years. In this comprehensive guide, we will explain everything you need to know about online only insurance, including: … Read more
Copays can be confusing, especially if you’re new to dealing with health insurance and medical bills. You may be wondering – do I really have to pay this copay, and do I have to pay it upfront before my appointment? The short answer is: it depends. There are a few different factors that determine whether … Read more
Homeowners insurance rates have been steadily rising in recent years. But how much should you expect your homeowners insurance premium to increase year over year? There are a few key factors that determine the annual rate hike for home insurance policies. Home Insurance Rate Trends Insurance rates are closely tied to inflation, rebuilding costs, risk … Read more
Long-term care insurance can help cover the costs of care services if you experience a chronic illness, disability or cognitive impairment later in life. However, long-term care insurance uptake remains relatively low in the U.S. Here’s an in-depth look at the statistics surrounding who has long-term care insurance coverage. Key Long-Term Care Insurance Statistics Let’s … Read more
Many people new to Medicare are unsure about how the deductible works – do you have to pay it upfront when you get care? Or does Medicare pay its share first? Understanding Medicare’s deductible policies can help you better budget for health expenses. What is the Medicare Deductible? The Medicare deductible is the amount you … Read more