When applying for insurance, you will often see a field on the application asking for your “relationship to policyholder”. This simply refers to your connection to the person purchasing and owning the policy. Understanding how to properly fill in this relationship information is key to ensuring you get the appropriate coverage. Who is the Policyholder? … Read more
When shopping for insurance, you may come across the terms “admitted” and “non-admitted” insurance carriers. This refers to a company’s status and certification under state regulations. So is Progressive, one of the largest auto and home insurers, an admitted or non-admitted carrier? The short answer is yes, Progressive is an admitted insurance company in all … Read more
When applying for various types of insurance, you may wonder – do insurance companies ask for proof of your occupation? The answer is, it depends on the type of insurance and the specific provider. For certain policies like disability or business insurance, verification of your occupation is often required. For other policies like auto or … Read more
Life Insurance Corporation (LIC) of India is the country’s largest life insurer. Most Indians invest in LIC policies as they offer guaranteed returns along with life cover. One of the key benefits of LIC policies is the bonuses they accrue over time. But can policyholders withdraw these bonuses anytime they want? Let’s find out. What … Read more
Having health insurance is crucial in the Philippines to protect yourself and your family from the high costs of medical care. Many Filipinos rely on Health Maintenance Organizations (HMOs) as their primary form of health coverage. But is it possible to be covered by two HMOs at the same time for extra protection? The short … Read more
Regular exercise is crucial for maintaining good health. But gym memberships can get expensive. So will your health insurance through UMR help pay the costs? UMR, formerly United Medical Resources, is one of the largest third-party administrators of employer-funded health plans. They partner with UnitedHealthcare to provide coverage to over 2.6 million members. Below we’ll … Read more
Having both Medicare and Medicaid coverage can get confusing when it comes to filing insurance claims and getting paid. This is where a crossover only application comes in. But what exactly does this term mean? Below we’ll explain what a crossover only provider application is, who needs it, and how the claims crossover process works … Read more
Dealing with health insurance claims can be confusing and frustrating. When you need medical care, the last thing you want is a long, drawn-out claims process. So how long does it actually take Cigna to review and approve health insurance claims? Overview of the Cigna Claims Process Cigna is one of the largest health insurance … 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
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