Money can be used to transfer risk by purchasing insurance. The proper types and sufficient amounts of insurance coverage prevent financial devastation for you and your family in the event of expensive health care, disability, death, damage to home and property, or lawsuits.
#6 of 13 Things People Can Do with Money | by WealthPhase
Did you know there are 8 types of homeowners insurance? Here are the details on each type of policy, along with what you need to know to make sure your home is protected.
Haven Life Insurance claims to provide term life insurance with less fuss and cost than other companies. Consumerism Commentary put these claims to the test in their review of Haven Life Insurance.
What happens if your bank account is hacked? Are you liable or is your bank? Consumerism Commentary has the answer, along with some tips how to keep your money safe online.
Depending on the state in which you reside, your individual retirement account may be fair game for plaintiffs, as well. The same follows for annuities and the cash value in your life insurance policy, said David E. Hultstrom, co-founder of Financial Architects in Woodstock, Georgia.
Learn how to read one of the most important documents you own, your insurance contract.
Which long-term care insurance option best meets your health care needs? AARP provides the basics to help you make an informed decision.
Vacations and business travel can get expensive. One option is to purchase trip cancellation insurance. But is it worth the cost? Consumerism Commentary answers that question and provides ways to get vacation coverage for free.
Regulators want customers to ask insurers about the insurers' efforts protect life and annuity accounts.
Just because a form or application asks for your social, doesn't mean you have to provide it. For example, doctor's offices often ask for that information on patient forms, but you are not legally obligated to fill that part out.
Mortgage protection insurance pays off your mortgage if you die. But its pricey rates and decreasing value mean you’re (usually) better off with term life insurance.
Do you know what Medicare covers? Or the difference between Medicare Advantage and Medigap?
Find out how to get cheap renters insurance with the coverage you need at a cost you can afford.
One of the best ways to keep your auto insurance costs down is to have a good driving record. This article provides yo with other things you can do to lower your insurance costs. Prices vary from company to company, so it pays to shop around.
Reviewing Medicare plans is one of the most arduous tasks for most retirees, but it could save you thousands of dollars.
Each year, millions of Americans have their identity stolen. The Federal Trade Commission wants you to have the information you need to protect yourself against identity theft.
There are ways to lower your rates. Be extremely careful with #3 with regard to liability coverage. Skimping on it can be costly if you are responsible for a serious accident.
If you drive for services like Uber or Lyft, you need rideshare insurance. Find out why it's a necessity and where to get a policy. If you don't, you are exposing yourself to potential liabilities.
Experts say children's personal information is especially valuable for identity thieves, but there are steps parents and legal guardians can take to mitigate the risk of identity theft.
Miss a key date, and you face penalty payments or higher premiums for as long as you are covered. Here are the dates to watch for Medicare enrollment.
Deciding between various health care options can be time-consuming. The AARP provides the pros and cons of Medicare part A, B and C plans.
Medicare open enrollment starts October 15. From Medicare Part A to Medicare Advantage learn to take charge and make the most of your Medicare choices.
A report from InsuranceQuotes.com estimates the average national savings at 16 percent for an auto and homeowners insurance package, or $322 per year.
Part of being prepared for retirement means doing your research and not making any assumptions, including falling for these common retirement myths.
Your ChexSystems Report is a record of how you've managed checking and other bank accounts. Here we cover everything you need to know about ChexSystems.
Wealth Advisor Bradford Pine speaks about tips to protect yourself and steps you should take if you think your identity has been stolen.
Usually, you know when you're the victim of a crime. But identity theft can be a sneaky, subtle scam. Watch out for these warnings.
Identify theft became a hot topic with the recent Equifax data breach, causing many Americans to be concerned about the safety of their personal information. And their concerns aren’t unwarranted.
Janet Mils offers her pearls of wisdom for those preparing to launch into their comparison shopping for Medicare Advantage plans, which go on sale Oct. 15:
This list contains solid companies but may have left out a few other good ones. We view this list as a good place to start. Don't overlook the convertibility feature.
Millions of U.S. homeowners may not realize they’re at risk of flooding, due to outdated floodplain maps and even less information about dam and levee “failure zones” and urban storm-water hazards.
Here is your guide to term life insurance. All of the key details are in this quick guide. Of course, it may take a while longer to figure out how much you need, the length of the term, and in some cases, which companies are more competitive issuing substandard policies.
You see, every time you give somebody your driver’s license, you are giving them, at a minimum...
The latest student loan scam is clever and sets a trap that is easy to fall into. Learn how to avoid it.
You're rich, but you're afraid of getting tied up at the stake and burned. This post will guide you on how to blend in and survive!
The consumer credit reporting agency has included a clause on its TrustedID portal that could disqualify victims from joining a class-action suit.
In this Podcast, Joshua Sheats tackles the Equifax security breach. This is the most damaging release of personal information ever. And you need to take it seriously.
Americans feel safer using debit cards over credit cards, new data show, but that could be a financial risk.
Data breaches are a constant concern in our modern society. As the latest in a long string of data breaches, Equifax recently announced they were the target of a cyber attack. What should you do to protect yourself?
The recent Equifax data breach could affect 143 million Americans. Here’s how to find out if you're one of them.
Sometimes submitting a claim is just not worth it. A 2017 study by Insurance Quotes and Quadrant Information Services found that a single claim for $2,000 or more can cause your premiums to rise by as much as 44 percent.
You have homeowners insurance. What more could you need to protect your house? Actually, these policies might help.
Consumers are getting swept into some scams across the country that promise a way to use special bank routing numbers supposedly from the United States government to cover their bills.
When it comes to the latest identity theft scam, the number in question is your Social Security number. Once they have that, the thievery begins.
Most Americans can enroll in Medicare Parts A and B at age 65, regardless of whether they're still working or not. However, many workers with employer health benefits may not need to. Here's a quick guide to determine if you'll need to sign up for Medicare at 65, or if your other health insurance is sufficient until you retire.
You can freeze your credit report to reduce the risk of identity theft. Learn when to request a credit report freeze and the implications of doing so.
If you want to buy term life insurance, you’ve got a few options. You could work with an agent in your area if you’d prefer a face-to-face interaction, or you can buy online if you prefer the convenience.
Nearly four in 10 Americans who have auto insurance haven't re-shopped to compare prices in at least three years, according to a new report from NerdWallet.com. For a good driver, that misstep amounts to an average loss of $416.52 per year.
AARP's fraud prevention team helps stop these top scams of 2017. Check out our ultimate guide to learn more.
Is a life insurance settlement a source of needed retirement cash? It might be. Before you make that decision, beware of the risks and costs.
Your credit isn't the only part of your life getting scored. The Medical Information Bureau (MIB) provides your health history to life and health insurance companies. Find out what's in your file.
Instant, accurate rates with easy online access, backed by personalized service when you need it.
Thirty percent of beneficiaries are paying more for Medicare Part B premiums and all beneficiaries are subject to higher deductibles.
The cards still display Social Security numbers, and that won't change for a couple more years. Here's a workaround.
Since life insurance benefits are free from income taxes, they can be a way to accumulate savings without paying taxes. Some policies allow you to access a portion of your accumulated benefit prior to death, which is how they can act as a source of retirement income.
Previously, to use a DAPT a person had to transfer assets to an out-of-state trustee in a jurisdiction such as Delaware, Alaska or Nevada. Now, assets will be able to be transferred to a person residing in Michigan, such as a family member or a Michigan corporate or professional trustee.
A story about a motorcycle accident and how having short-term disability insurance and a "search and rescue" policy saved the day. And wallet.
“Disability insurance is one of the less-talked-about types of insurance, but from a financial planning standpoint, protecting one’s income is critical,” says Peter Creedon, a certified financial planner in New York City.
You may have artwork, a collection of wine, expensive jewelry, collectibles on the shelves of your vacation cottage, and other high-value assets that will not be covered under traditional policies. Learn more about these and other risks.
In addition to not investing enough for retirement, many have not calculated how much health care will cost.
Lemonade has created a new model for renters and homeowners insurance. It is both simple and transparent.
An HSA-compatible FSA (Flexible Spending Account) can be used tax-free ONLY for dental and vision expenses until the HSA (Health Savings Account) deductible is reached.
Despite the Affordable Care Act – and in some ways because of it – offering a traditional group health plan has become prohibitively expensive for many smaller employers. An HRA might be a more affordable option that offers greater flexibility.
If you're a renter, here's how to find the best protection for your apartment or home.
Long-term care can cost thousands of dollars per month. Can you afford it?
Many Americans rely on employer-provided health insurance. What happens when you get laid off from work? Here are a few options.
Your health is more important than your health care or health insurance. Having said that, Joshua Sheats takes you on a journey through the confusing world of health insurance.
The Health Insurance Series, Part 2: Why Joshua Sheats is opposed to Obamacare (And will probably be opposed to Trumpcare when it comes along)
In this episode, Joshua Sheats discusses the Premium Tax Credit. The Premium Tax Credit is available for those whose income is between 100% and 400% of the Federal Poverty Level who purchase their health insurance through a government-run marketplace. The dollar amounts involved can be substantial if you're in that range.
One of the major burdens that the passage of the Affordable Care Act placed upon us is that we are required by law to maintain health insurance coverage. Or, if we don't, we have to pay a tax penalty. But, as with most taxes, the Obamacare tax penalty is, in some ways, optional. In today's show, Joshua teaches you how to escape it! He covers: • How to calculate the tax penalty • What happens if you don't pay the penalty • All of the exemptions that you can qualify for
In this episode, Joshua Sheats tells you why he doesn't have health insurance. He also shares what his family does instead. He continues his health insurance series with a discussion of Christian Health Care Sharing Ministries. You'll discover that if you're a participant in an approved organization, you qualify for an exemption to the Obamacare tax penalty (for not having health insurance). Personally, I love the concept of these organizations and I have nothing but good things to say about my experience with Samaritan Ministries (which is the one that my family participates in). In today's show I give you a background of these companies and my own experience and opinion of them. There are 5 major options for you: 1. Samaritan Ministries http://samaritanministries.org/ 2. Christian Healthcare Ministries http://www.chministries.org/ 3. Medishare – Christian Care Ministry https://mychristiancare.org/medi-share/ 4. Liberty Health Share http://www.libertyhealthshare.org/ 5. Altrua Health Share http://altruahealthshare.org/
I missed a couple of important points on the previous show on Health Care Sharing Ministries (HCSMs). Today we wrap those points up with a quick discussion of: catastrophic protection deductibility HSA compliance pre-existing conditions We also discuss: Self-Insurance Direct Primary Care/Concierge Care Catastrophic Coverage Dread Disease/Critical Illness Insurance Doctors on Call