Seeing a series of numbers like 100,000/300,000/100,000 on your auto insurance documents can be confusing. These numbers actually refer to your liability coverage limits – one of the most important parts of your car insurance policy. Understanding what those policy limits mean is key to ensuring you have adequate protection in the event of an … Read more
Life Insurance Corporation (LIC) of India is the country’s largest life insurer, providing coverage to millions of policyholders. If you have an LIC policy, it’s crucial to pay premiums on time to keep your valuable coverage active. But what happens if you miss payments or stop paying LIC premiums altogether? There can be serious consequences, … Read more
As an insurance agent, maintaining proper records for your clients is a crucial part of running an ethical and compliant business. But with boxes of old files and documents piling up, you may wonder just how long you’re legally obligated to hold onto all that paperwork before hitting delete or taking it to the shredder. … Read more
Seeing your car insurance premium double can be an alarming and frustrating experience. While rate hikes are common, a doubling of your cost seems excessive. But there are a number of reasons why your auto insurance may surge dramatically. Understanding what’s behind the increase can help you determine if the price spike is justified or … Read more
Social Security provides an essential source of income for millions of retired and disabled Americans. According to the Social Security Administration (SSA), over 66 million people currently receive monthly Social Security benefits. As living costs and inflation rise, Social Security recipients depend on annual cost-of-living adjustments (COLAs) to maintain their standard of living. So how … Read more
While intentionally taking out multiple insurance policies on the same asset or risk is called double insurance, there are situations where policyholders can inadvertently end up with overlapping coverage. This occurs when separate policies end up covering the same damage or loss. Double insurance is usually not necessary and leads to wasted premium dollars. Here … Read more
Life insurance comes in many forms, each with their own unique features and level of flexibility. One of the most adaptable types of life insurance is adjustable life, also known as universal life. This policy gives policyholders significant control to change their coverage, premiums, and other factors over time. What is Adjustable Life Insurance? Adjustable … Read more
The COVID-19 pandemic caused enormous financial hardship for many Americans. In response, the government provided several rounds of stimulus checks to help offset the economic impacts. Now in 2024, some are wondering if seniors will receive another stimulus payment this year. Background on Prior COVID Stimulus Checks for Seniors The U.S. government initiated several stimulus … Read more
Obamacare, officially known as the Affordable Care Act (ACA), has gone through many changes since it was first introduced in 2010. As we head into 2023, many are wondering if health insurance plans on the ACA Marketplace will become more expensive next year. Premium Trends on the ACA Marketplace The ACA Marketplace offers health insurance … Read more
Allstate is one of the largest insurance providers in the United States, offering policies for auto, home, renters, life and more. With millions of customers nationwide, Allstate aims to provide quality coverage at competitive prices. One common question from prospective customers is: Does Allstate offer a military discount? The short answer is yes, Allstate does … Read more