Many aspects of personal finance change over time. Savings goals often change as a family grows, and investments may be re-allocated to take on more or less risk. But often, those with a life insurance policy don’t know that it can also be adjusted to reflect a changing life situation. If you’ve been thinking about […]
Month: January 2022
Considerations When Purchasing Life Insurance
There are a number of different life insurance products and features to consider when evaluating plans. Discussing the importance of owning life insurance can be a sensitive topic — after all, few people like to talk about death. However, if others depend on your support, or if you have substantial assets that you wish to […]
Medicare and workers’ comp
If you are on Medicare but still in the workforce, it’s essential to know what to do if you are injured on the job. If you have a work-related accident, there may be confusion about how you will pay your medical bills. Does Medicare pay, or does your employer’s workers’ comp insurance pay? The answer […]
Best Small Business Insurance Companies 2022 – Top 10 Cheapest
Every small business owner needs protection in the form of quality insurance for any unexpected emergencies. The right insurance policy can protect your business from potential lawsuits and fines from damaged property. If you get into an accident while driving a business vehicle, your personal insurance policy won’t cover the claim. You need to examine […]
Auto insurance rates are increasing in 2022. Here’s how to prepare.
Auto insurance rates are rarely, if ever, static; instead, rates fluctuate based on several factors and circumstances. Bankrate’s extensive research has revealed that, in 2022, the average cost of car insurance rates will probably rise for many drivers. Several major auto insurers, including Allstate, Progressive, Geico and State Farm, have rate increases that took effect […]
Auto insurance rates climbing in 2022, how to lower your premiums
Auto insurance rates are expected to climb 5% this year, according to Insurify. But a consumer group says many insurance companies still owe drivers refunds for driving less during the 2020 pandemic shutdown. “We have changed insurance companies probably three times. Four years and no accidents, so we’re like, Why is it so high?” wonder […]
Your Insurance Needs May Change If You Rent Out A Room In Your Home
If your kids have moved out and you have one or more rooms sitting empty, you may be thinking about renting out the extra space to generate additional income. Before you do that, check with your homeowners insurance company to find out if you’ll need to adjust your coverage. Read More […]
How a speeding ticket impacts your insurance in Maryland
A speeding ticket on your driving record increases the average cost of car insurance in Maryland by 11%, according to Bankrate’s 2021 study of quoted annual premiums. The increase is due to an increased risk of filing claims. In Maryland in 2019, the most recent year with available data, 72 fatalities and 2,737 injuries resulted […]
CAR INSURANCE RATES GO UP AS U.S. DRIVERS RESUME LIFESTYLES
As Americans resume normal economic activities in 2022, auto insurance rates will rise by 0.6% in 2022 after falling in 2021, according to the State of Auto Insurance in 2022 report from ValuePenguin.com by LendingTree. The average cost of auto insurance is expected to reach $1,935 annually, with 22 states seeing car insurance premiums increase […]
3 Pros and 3 Cons of Guaranteed Issue Life Insurance
Guaranteed issue life insurance is often available even to people who wouldn’t qualify for most term or whole life insurance policies. While it may sound attractive to apply for a policy with guaranteed approval, there are some serious downsides to this type of life insurance as well. Before buying guaranteed issue life insurance, consider these […]
