A participating company is a type of insurer that offers participating policies. Participating policies, also known as with-profits policies, are insurance policies that pay dividends to policyholders. These dividends come from the profits earned by the insurance company. Overview of Participating Policies Participating policies have the following key features: Policyholders receive dividends: A portion of … Read more
Health Maintenance Organizations (HMOs) have become an increasingly popular way to access healthcare in the Philippines. However, there is some confusion around whether getting an HMO plan is mandatory or optional. What is an HMO? A HMO is an organization that provides health insurance plans with coordinated care and controlled costs. HMOs bring together healthcare … Read more
Trustmark and Cigna are two separate companies that work together to provide health insurance and benefits services. However, Trustmark is not part of or owned by Cigna. Overview of Trustmark Trustmark is an insurance company that provides: Voluntary benefits like life, disability, and critical illness insurance Self-funded health plans for small businesses Wellness programs through … Read more
Insurance agents have the option to either work exclusively for a single insurance company or represent multiple insurance companies. The ability of an agent to work with multiple insurance providers depends on whether they are a captive agent or independent agent. Captive vs. Independent Insurance Agents There are two main types of insurance agents: Captive … Read more
Asset allocation refers to how an investor divides their investment portfolio between different asset classes, such as stocks, bonds, and cash. Two common asset allocation strategies are the 70/30 and 80/20 models. But what exactly is the difference between these two approaches? Overview of Asset Allocation Strategies Asset allocation is a key part of creating … Read more
Long-term care insurance can be an excellent way to prepare for potential care needs later in life. However, it does come with a significant financial commitment. This leads many considering long-term care insurance to wonder – if I ultimately don’t end up needing care, will I have lost all the money I put into premiums? … Read more
If you’re a Progressive auto insurance customer, you may be wondering if there are any extra fees involved when it comes time to renew your policy. Paying annual auto insurance premiums is expensive enough without tacking on additional surprise charges and fees at renewal time. The good news is that Progressive does not charge any … Read more
When you get a homeowners insurance quote from GEICO, you may wonder who actually underwrites and provides the policy. GEICO itself does not directly issue homeowners policies. Instead, the GEICO Insurance Agency partners with over a dozen highly-rated insurers to offer homeowners coverage. Below we’ll look at key details on how GEICO’s homeowners insurance works … Read more
UnitedHealthcare Select Plus is a preferred provider organization (PPO) health insurance plan offered by UnitedHealthcare. It provides the flexibility to see any doctor or facility while incentivizing use of in-network providers for lower costs. Here’s an overview of how UnitedHealthcare Select Plus PPO insurance works. What is UnitedHealthcare Select Plus? UnitedHealthcare Select Plus is a … Read more
Health maintenance organizations (HMOs) and dental health maintenance organizations (DHMOs) are two common types of managed care plans that provide health and dental coverage, respectively. While they share some similarities in how they operate, there are some key differences between HMO and DHMO plans. What is an HMO? A health maintenance organization, or HMO, is … Read more