Insurance is not a very fun subject. Especially when talking about the parts of insurance. One of those parts that gets people confused quite often is the topic of an insurance copay. What is an Insurance Copay? This part of insurance is the topic of insurance copays. Sometimes this is Read more…
Insurance can very easily be maddening. Especially when we have paid a lot for it. But it is important to know and understand what your max out of pocket is so that you don’t end up paying too much. Let me explain. What is the Max Out of Pocket? The Read more…
An insurance deductible are one of the parts of insurance that get people mad. Myself included. But it is important to understand what they are so that you don’t get a surprise medical bill in the mail. Let me show you. What is are Insurance Deductibles? This is the part Read more…
One of the most important parts of insurance is understanding what insurance premiums are. There are several different parts of paying for insurance, but this one is the most basic and fundamental. Let me show you. What are Insurance Premiums? Insurance premiums are usually pretty easy to understand. Premiums are Read more…
Whole Life Insurance is an ongoing topic that I have discussed many times through my time working with clients. It can be really complicated. There are lots of hooks and pitfalls to avoid. It is usually not a great product for most people. In fact, I have only seen it Read more…
In the world of ridiculously expensive vehicles that we have been living in for the past couple years, GAP insurance has become a really great financial tool for consumers. But be careful! GAP insurance is not beneficial for everyone and you probably don’t want to purchase it from the dealership. Read more…
Private mortgage insurance (PMI). This is one of those financial products that you might be paying for that is NOT for you. You don’t get the benefit of PMI. However, it might be a necessary evil for a while. Let me explain. (1) What is Private Mortgage Insurance (PMI)? Pretty Read more…
Paying a mortgage is not quite the same as paying rent. When you have a mortgage payment you are responsible for a lot more than when you are a renter. When you pay rent, you simply pay to live there. The owner or manager of the property is responsible for Read more…
Indexed Universal Life Insurance.This has become a really bigtime product sold by insurance brokers over the past few years. And even during the first several months of 2022 and beyond, as the economy seems to slip further and further downhill, these policies have become much more popular. It seems that Read more…
(1) Deductibles: The Biggest Cost Factor When Picking the Right Health Insurance For most people, the deductible is going to be the biggest cost factor when picking a health insurance plan. That is because this is the amount of money that you will have to pay before the insurance kicks Read more…