Is Long-Term Care Insurance Worth It?
How to plan for long-term care and whether to purchase long-term care insurance is a difficult decision. Most people never plan on living years or decades with health issues, but it is becoming more common, which makes planning for long-term care important. How will you pay for care? Which assets will you use? Do you […]
Should I Buy An Annuity?
In the financial planning world, annuities can feel like a dirty word. They are an extremely polarizing topic. Some people shout from the mountain tops about their benefits while others say never to buy an annuity. You might hear phrases like, “Annuities have high fees” or “I bought an annuity for the high guaranteed rate.” […]
Why You Should Review Your Medicare Plan Each Year
It’s that time of year where you should start to receive your Medicare “Plan Annual Notice of Changes” (ANOC). It usually arrives sometime in September and lists changes in your coverage and costs of your current Medicare plan. It’s very important to review! A drug that was covered under the formulary in the prior year […]
Is Earthquake Insurance Worth It?
You have your homeowners insurance in place, but what about earthquake insurance? Is earthquake insurance worth it? Your typical homeowners insurance policy won’t cover damage due to an earthquake, which means if you suffer damage due to an earthquake, you may be required to pay everything out of pocket. That could potentially mean footing the […]
Car Insurance: How to Review Your Policy
Car insurance is important coverage because not only can it protect your car, it can also help pay for another person’s injuries or property damage if you cause an accident. Although your auto policy likely needs to be reviewed less frequently than your homeowners insurance policy because fewer changes occur with your car, it is […]
Homeowners Insurance: How to Review Your Policy
Homeowners insurance is important because it’s often protecting someone’s most valuable asset – a home. Unfortunately, homeowners insurance is also an insurance many people buy and forget to review. As building costs go up, it’s really important to review your dwelling coverage. What it costs to rebuild your house today may be many times more […]
How Much Umbrella Insurance Do I Need?
Umbrella insurance is one of the least talked about insurances, which is highly problematic. Umbrella insurance is an important risk management tool, particularly for people who have wealth, income, or future income potential. Plus, it’s cheap relative to most other types of insurance! I’m always amazed at the number of people who forgo umbrella insurance […]