If you have a whole life insurance policy, you may have come across the term “endow at 100” and wondered what it means. Endowing at a certain age is a feature of some types of permanent life insurance policies. When you buy a whole life insurance policy, you are purchasing lifetime coverage. As long as … Read more
If you are enrolled in Medicare, you may notice that you have been issued 2 different Medicare cards with 2 different Medicare numbers. This can understandably cause confusion, as most people expect to only have one Medicare number. In fact, there are certain situations where it is perfectly normal for a Medicare beneficiary to have … Read more
If you have property insurance such as homeowners, commercial property, or flood insurance, you have likely come across the term “did over should” when discussing claims and payouts. This refers to the coinsurance formula that is applied when determining claim payments. Coinsurance is an important provision in property insurance policies. It encourages policyholders to insure … Read more
Allstate is known for its captive agency force of exclusive agents who only sell Allstate insurance products. However, Allstate also maintains an independent agency program that appoints independent agents to represent the company. So the short answer is yes, Allstate does appoint independent agents, but with some caveats. A Brief History of Allstate’s Independent Agency … 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
American Income Life Insurance is a life insurance company that offers various types of life insurance, including whole life insurance. With a whole life insurance policy, you may have the option to borrow against your policy’s cash value. Here is what you need to know about borrowing from an American Income Life whole life insurance … Read more
It is possible to have coverage under two different health insurance plans in California. This situation is known as “dual coverage” and often happens when a spouse has health insurance through their employer in addition to the primary policyholder’s coverage. California allows coordination of benefits between group health plans to provide more complete coverage. However, … Read more
Having multiple health insurance plans can provide more complete coverage, but it also requires coordinating benefits between your different plans. So how does secondary insurance work if you have Kaiser Permanente and another health plan? Secondary insurance kicks in after your primary coverage pays. The coordination process aims to maximize your total reimbursement while preventing … Read more
Reaching age 65 is a major milestone that opens up Medicare eligibility. So can you stay on your Covered California health plan after turning 65? In most cases, you will need to switch from Covered California to Medicare when you become eligible. However, there are some exceptions that may allow you to keep Covered California … Read more