Insurance

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Personal Finance | Insurance | Wiseradvisor.com
How to Keep those Life Insurance Premiums Low

Have you ever thought about purchasing life insurance? Lately I've been doing research on life insurance and found out that the premiums people pay can vary greatly. Studies show that three fundamental factors that affect...
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Personal Finance | Insurance | Wiseradvisor.com
Could the Affordable Care Act Improve the U.S.' Failing Health-Care Grade?

By James O'Brien. When it comes to the health care system in the United States, we might be closer to the end of unaffordable services and the barriers to access they create. But we're not out yet. A new report (link...
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Personal Finance | Insurance | Wiseradvisor.com
Health Care Affordability in 2014 : Failing Grade for U.S., But the ACA Could Turn It Around

By Jame OBrien SUMMARY: The U.S. ranked last among 11 countries in a recent report on the state of health care. A key reason, in the study: high costs are blocking access to services. But the report also suggests that...
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Personal Finance | Insurance | Wiseradvisor.com
ACA in April: Enrollment Extensions (and What Happens if You Missed the Deadline)

By James O'Brien It certainly didn't go off without a hitch. The deadline to sign up for health insurance under the Affordable Care Act came and went on March 31, but enrollment websites crashed, marketplace phone lines...
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Personal Finance | Insurance | Wiseradvisor.com
Medical Bankruptcies: How the ACA Stands to Reduce Them, How States Are Blocking the Way

By James O'Brien March 22, 2014 The single largest source of personal bankruptcies in the United States is debt resulting from medical bills. According to NerdWallet Health, some 57% of U.S. personal bankruptcies...
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Personal Finance | Insurance | Wiseradvisor.com
NFIP Coverage Becoming a Bigger Concern for Property Owners and Investors

By Justin Stoltzfus. The National Flood Insurance Program, or NFIP, administered by the Federal Emergency Management Administration, has been in place for a long time as a way to help property owners hedge against flood...
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Personal Finance | Insurance | Wiseradvisor.com
2014 Medicare Costs a Mixed Bag: Medicare Planning for Retirement

By Justin Stoltzfus March 20, 2014 Many aspects of federal Medicare remain flat for 2014, including the Part B monthly premium and the enrolled member's annual deductible, but that doesn't necessarily mean that retirees...
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Personal Finance | Insurance | Wiseradvisor.com
How Much Insurance Do You Need?

This is a subject that most people would just prefer to ignore. After all, it requires you to face your own mortality and then make some hard decisions about how you want to provide for your family after your death. A recent...
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Personal Finance | Insurance | Wiseradvisor.com
Buying Life Insurance: How Much is Too Much?

Making decisions regarding life insurance may seem simple enough if you believe what you see and hear in television and radio advertisements. However there are many things to consider and wading through the sales pitches...
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Personal Finance | Insurance | Wiseradvisor.com
Disability Insurance: Protecting Your Income

If you are in business, you probably insure the components of your business against loss beyond your control. You insure your premises against fire, accidental injury, and theft of property. Your equipment is probably...
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Personal Finance | Insurance | Wiseradvisor.com
Saving For College and Financial Aid: Rethinking the Future

ByJames O'Brien January 17, 2014 The future of financing?undergraduate college tuition payments may not be as simple as a savings account and a student loan anymore. As the price of higher education?continues to creep...
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Personal Finance | Insurance | Wiseradvisor.com
Disability Insurance: Factors that Affect Your Premium

Disability insurance is known by various names such as Disability Income Protection, Disability Income Insurance, or Income Replacement Insurance. The basic function of all of the policies is the same - to replace your...
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Personal Finance | Insurance | Wiseradvisor.com
The Realities of NFIP Insurance

The Realities of NFIP Insurance: Looking at Risk, and Cost By Justin Stoltzfus As investors and property owners think about changing their real estate holdings based on flood risk, the federal government is also making ...
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Personal Finance | Insurance | Wiseradvisor.com
Top Ten Features of Long Term Care Insurance

Will you outlive your resources? As health awareness increases and medical care improves, we can expect to live longer than any generation before us. As we live longer, the need for care in our latter years increases. ...
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Personal Finance | Insurance | Wiseradvisor.com
60% of the Population will require Long Term Care

The good news is we are living longer than prior generations! If you were born just 100 years ago, your life expectancy was only an average age of 47. Nom a child born today has a life expectancy average of 77 years, a 30...
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Personal Finance | Insurance | Wiseradvisor.com
Ruminations on Term Insurance as an Investment

The title of this paper may have surprised you since rarely would someone call term insurance an investment. I don't sell insurance, however I think there is opportunity here in some situations by using a term policy with...
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Personal Finance | Insurance | Wiseradvisor.com
Coverage Above and Beyond

It's almost a given that people who own a house or a car have some liability insurance. But would your current insurance coverage be enough to shield your assets from a million-dollar judgment? The number of...
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Personal Finance | Insurance | Wiseradvisor.com
The Basics of Life Insurance

The purpose of life insurance is to do one thing, and that is to replace the income of the breadwinner if he or she should die prematurely. A premature death means that the person in question still has financial...
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Personal Finance | Insurance | Wiseradvisor.com
Bigger Estate Tax Credits in 2014

By Justin Stoltzfus January 17, 2014 Some interesting recent changes in estate?tax planning?rules will be useful for individuals and families with relatively high net worth or those who have set aside money or invested in...
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Personal Finance | Insurance | Wiseradvisor.com
Long-Term Care Insurance: Is It Right for You?

The average annual cost of care in a private nursing home is about $66,0001 a sum that could quickly deplete almost anyone's assets. One way to protect yourself and your assets is to purchase a long-term care insurance...
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Personal Finance | Insurance | Wiseradvisor.com
Time to Review Your Variable Universal Life Insurance Policies

Equity markets have been very strong performers in 2005 and year to date in 2006. VUL policies that contain this investment component in addition to the insurance component are responding to consumer demand for...
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Personal Finance | Insurance | Wiseradvisor.com
Important Tax & Retirement Planning Deadlines for 2006

This article focuses on a number of fast approaching tax filing and document execution deadlines. It is not too early to begin thinking about these and other year-end tax and retirement planning opportunities as you prepare...
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Personal Finance | Insurance | Wiseradvisor.com
What Will Happen To Your Life Insurance When You Are 91?

Many life insurance policies that were purchased within the last ten years have been severely affected by interest rate declines, putting their viability into question. Most insurance owners are not aware that, in view of...
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Personal Finance | Insurance | Wiseradvisor.com
Securing Health Insurance with Pre-existing Health Conditions

Many individuals drastically underestimate the cost of securing private health insurance when they are retiring early, changing jobs, or as a result of downsizing when pre-existing conditions exist. There are in place...
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Personal Finance | Insurance | Wiseradvisor.com
Term, UL, VUL and Whole Life Insurance: The Differences

Many people are under the impression that they must buy one type of insurance, or the other. One choice or the other choice decision, period. The truth is, you could all types of coverage in force at the same time, on the...
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Personal Finance | Insurance | Wiseradvisor.com
Breast Cancer Survivors Are Now Quickly Insurable at Standard Life Insurance Rates

In a recent press release that garnered little mainstream press, one major life insurer has turned what has been a difficult insurability situation for many breast cancer survivors into a non issue going forward. To date, no...
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Personal Finance | Insurance | Wiseradvisor.com
Permanent Life Insurance Basis: A Forgotten Source of Tax Free Cash

Remember all those premiums you have paid over the years on your Whole Life (WL), Universal Life (UL) or Variable Universal Life (VUL) policies? Did you know even life insurance policies have a basis, not just stocks,...
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Personal Finance | Insurance | Wiseradvisor.com
Prostate Cancer Survivors Are Now Quickly Insurable at Standard Life Insurance Rates

In a recent press release that garnered little mainstream press, one major life insurer has turned what has been a difficult insurability situation for many prostate cancer survivors into a non issue going forward. To...
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Personal Finance | Insurance | Wiseradvisor.com
Keeping Your Legacy Alive with Last Survivor Insurance

Did you know in 2004, the federal government collected more than $25 billion in estate and gift taxes? Although there is no known number for the amount of family fortunes and legacies lost to this form or taxation, rest...
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Personal Finance | Insurance | Wiseradvisor.com
Industry Wide Universal Life Insurance Pricing Changes Require Immediate Action

Prices are rising and availability is shrinking for some advanced insurance aged clients seeking the guarantees Universal Life Insurance (UL) offers. The new versions being introduced in the marketplace are showing UL...
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Personal Finance | Insurance | Wiseradvisor.com
Industry Wide Term Life Insurance Pricing Changes Mean Lower Premiums for Consumers

In August of 2004, a Wall Street Journal article announced term life insurance rates were at rock bottom and would soon begin to climb. The exact opposite has occurred to the benefit of the consumer in this extremely...
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Personal Finance | Insurance | Wiseradvisor.com
Financial Security Now and Later: Are Your Bases Covered?

When you think about achieving a secure financial future, retirement savings and investments most likely come to mind. But while retirement savings protects our daily necessities and desired lifestyle tomorrow, what will...
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Personal Finance | Insurance | Wiseradvisor.com
Determining the Right Amount of Insurance for You

Here's a reliable rule of thumb when it comes to buying the right amount of life insurance: there is none. While it's easy for some so-called 'experts' to say everybody needs life insurance protection equal to 10 or 20 times...
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Personal Finance | Insurance | Wiseradvisor.com
You Can Protect Your Assets from Catastrophic Medical Expenses

It is a personal nightmare. You are sick, really sick and need time off to get well and whole again. You feel vulnerable, scared, ache and you are physically exhausted, unable to function. Your friends and family are really...
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Personal Finance | Insurance | Wiseradvisor.com
Survivorship Life Insurance and Your Estate Plan

Benjamin Franklin wrote "in this world, nothing can be said to be certain, except death and taxes." Unfortunately, in the area of estate planning, both of these factors must be considered for couples with larger than...
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Personal Finance | Insurance | Wiseradvisor.com
Life Insurance Don'ts

Life insurance can play an important part in an individual's overall financial plan. Here are a number of common practical mistakes that could prove costly yet are easily avoided. Naming the estate as beneficiary This...
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Personal Finance | Insurance | Wiseradvisor.com
Planning for Long-term Care

Daily, 13 million people need assistance with routine activities such as dressing, eating and bathing, according to the Direct Care Alliance. Four out of 10 people turning 65 can anticipate stays in a nursing home, and by...
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Personal Finance | Insurance | Wiseradvisor.com
How Much Life Insurance Do I Really Need?

Life insurance is a topic that concerns many people, yet very few actually take steps to make sure they are properly covered. According to a 2003 MetLife study, 49% of the respondents are concerned about their family's...
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Personal Finance | Insurance | Wiseradvisor.com
Do You Need Disability Income Insurance?

No one likes to think about becoming disabled. But it happens far more often than you may think. According to the Social Security Administration, a 20-year-old worker has a three-in-ten chance of becoming disabled before...
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Personal Finance | Insurance | Wiseradvisor.com
Buying Long Term Care Insurance

When you purchase a long-term care insurance (LTCI) policy you are entering into a contract with an insurance company. This contract is written in so- called plain English. And it is very important that you know the terms of...
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Personal Finance | Insurance | Wiseradvisor.com
Before You Let Your Life Insurance Lapse, Consider Selling It

Most people think that their life insurance policy has no value until they die. But a market is emerging for buying and selling existing life insurance policies. If you currently own term or universal life coverage that you...
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Personal Finance | Insurance | Wiseradvisor.com
Profit From Your Insurability

Proper financial planning involves making sure you are taking advantage of every available asset and financial opportunity. However, there is one asset people often ignore that could potentially add hundreds of thousands...
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Personal Finance | Insurance | Wiseradvisor.com
Term Conversion: A "Permanent" Solution

Term insurance is typically purchased to protect a growing family from the catastrophic loss of a "breadwinner". Lower initial premiums offer the flexibility to fit immediate needs. However, over time, a more permanent and...
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Personal Finance | Insurance | Wiseradvisor.com
Common Insurance Mistakes We All Make

We all know we need insurance but it's not usually at the top of our priority list. Insurance is a valuable tool to protect our families from unforeseen events that can severely damage their financial futures, but it does...
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Personal Finance | Insurance | Wiseradvisor.com
Don't Believe The Hype! About Your Insurance

I have read perhaps thousands of articles and books on the topic of financial planning and I am still amazed at how many articles and books mislead so many people about what type of life insurance to buy. Many of the self...
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Personal Finance | Insurance | Wiseradvisor.com
Life Insurance 101

This is a topic for mass debate - schools of thought reign supreme here just like in the old school of what car company do you prefer - Ford, Dodge or Chevy. This is a much more important topic than just bragging rights; it...
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Personal Finance | Insurance | Wiseradvisor.com
Coming to Grips with Life Insurance

Life insurance is one of those things you know you should pay more attention to, but can never seem to get around to doing. Part of the reason is an unwillingness to deal with our own mortality. But the vast array of...
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Personal Finance | Insurance | Wiseradvisor.com
Disability Insurance Basics

If you suffered an injury or illness and couldnt work for weeks, months, or even years, how would you support yourself and your family? Won't the government provide? Well, maybe. Social Security disability insurance pays...
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Personal Finance | Insurance | Wiseradvisor.com
What about Disability Insurance?

While most people understand the need for life insurance, the need for disability income insurance is less widely understood, probably due to several misconceptions: Misconception: Your odds of a long-term disability are...
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Personal Finance | Insurance | Wiseradvisor.com
Medicare Part D Is Here

And it may affect you, whether you're retired or not! For instance, readers with elderly parents in another state & particularly parents in a nursing home or assisted living & will need to make sure that someone helps with...
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Personal Finance | Insurance | Wiseradvisor.com
Medicare Part D Checklist: A Step by Step Process for Making a Decision

Step 1 First be aware of some deadlines Deadline for application is December 31, 2005 so that you can have your choice of program in effect for January 1, 2006 Deadline: May 15, 2006 to make a decision without a penalty...
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Personal Finance | Insurance | Wiseradvisor.com
What Are HSAs?

Effective starting in 2004, health savings accounts (HSAs) provide a way to help save on medical costs. To qualify, you must be covered by a health insurance policy with a minimum deductible of $1,000 for individuals and...
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Personal Finance | Insurance | Wiseradvisor.com
Consider Long-Term-Care Insurance

Have you made provisions for long-term care in your financial plan? Many people don't believe they'll ever need this type of care, but it is estimated that individuals age 65 and over face a 43% chance of entering a nursing...
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Personal Finance | Insurance | Wiseradvisor.com
Wealth Replacement with Life Insurance

More often than not, life insurance is purchased to provide financial relief to dependents in the event that a family's breadwinner(s) prematurely dies. This is the most significant use of that product. Yet, in the...
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Personal Finance | Insurance | Wiseradvisor.com
Estate and Tax Planning for Qualified Plan Assets using Life Insurance

Executive Summary This article discusses and compares a wide range of planning options for maximizing and transferring qualified plan assets from a plan participant to his or her heirs. For demonstrative purposes, the focus...
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Personal Finance | Insurance | Wiseradvisor.com
Reevaluate Your Life Insurance at Retirement

As retirement age approaches, it's usually a good time to reassess your life insurance policies, since your needs may change then. With your children on their own and no earned income to replace, you may no longer need a...
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Personal Finance | Insurance | Wiseradvisor.com
Is There Still a Need for Second-to-Die Life?

Survivorship life insurance policies, also known as second-to-die life, insure two lives, with the insurance proceeds paid after the death of the second insured. This insurance is often used to provide financial liquidity to...
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Personal Finance | Insurance | Wiseradvisor.com
Hurricane Warning

This is a National Weather Service Bulletin from the Storm Center - Correction, this is a National Financial Service Bulletin from yours truly: There is a financial hurricane brewing that could have a devastating impact on...
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Personal Finance | Insurance | Wiseradvisor.com
Long-Term Health Care May Require Long-Term Investment Planning

The good news is that developments in medical technology are enabling people to live longer than ever. The bad news is that the number of people in U.S. nursing homes is expected to increase by more than 60% over the next 30...
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