Insurance

Every year the Social Security Administration sends out a summary of projected Social Security benefits to every American citizen who works, or has ever worked. This summation is an estimation of the amount of money you will receive from Social Security based on the age you might retire and how much you have earned by working thus far in your life. This figure is calculated by using the PIA, or Primary Insurance Amount. This is the basis for all benefits that will ultimately be paid to every individual and / or their beneficiaries. And, like so many numbers in the …

Primary Insurance Amount – What Exactly Is It? Read More »

Have you wondered whether bundling your insurance policies can benefit you? Here are a few good reasons to make the switch. Insurance is a monthly expense for most of us. If you own your home, your mortgage company requires that you buy homeowners insurance. Most states require that you carry at least basic car insurance, usually liability, so that if you cause an accident your insurance will cover the damage to the other cars and the medical bills of any injured parties. In addition, if you borrowed from the bank in order to buy your car, they will usually require that …

Why Bundling Your Insurance Policies is a Good Idea Read More »

A short term disability policy is insurance which pays a percentage of an individual’s salary for a specific period of time if the individual is injured or ill and can’t perform the responsibilities of his or her job. Short term disability coverage typically begins between 1 and 14 days after the individual is unable to work, although many employers require that their employees use their sick days, and sometimes paid vacation days, before they can collect short term disability. Why You Need Short Term Disability Insurance Think about what would happen if you couldn’t work for two or three months. Do …

Reasons You Should Buy a Short Term Disability Insurance Policy Read More »

The purpose of insurance is to provide people with a safety net in case of an emergency. Many companies purchase an insurance plan and pay the insurance premium for their employees while others provide none. Some employers pay for up to a certain level of coverage for their employees and have the employees ‘top up’ for maximum coverage. What is Short Term Disability Insurance? Should you become sick, or injured and unable to work, short term disability will kick in to provide income of usually between 40 to 60 percent of the person’s regular base salary. Some common short term …

Short Term Disability Insurance – What You Need to Know Read More »

It is probably true that no one gets married with the idea that their marriage is going to fail. However, we’ve all heard the doom and gloom news stories and predictions that almost half of all marriages today end in divorce. And the statistics are far worse for second and subsequent marriages. If we think of our own lives we probably all know multiple couples who are divorced. Divorce can have devastating consequences to the health, well being, and most importantly, financial position of those involved. Most families are already living off of two incomes, paying mortgages, have credit card …

Should You Buy Divorce Insurance? Read More »

An employer that offers a great benefits package is usually one reason you seek employment with them. Affording any kind of insurance these days is a stretch for many families and individuals. While employee-sponsored plans are often valuable, life insurance works differently than health insurance benefits. It’s important to understand that you may be paying more than your bargained for through your employers. If you opt to buy term life insurance through your employer, you may be surprised to find out it may not be the best option for you. You should consider purchasing the insurance on your own through …

Reasons You Should NOT Buy Life Insurance Through Your Employer Read More »