Insurance for Seniors
Retirement Watch highlights how to choose and manage insurance options courtesy of guru Bob Carlson
Found 64 Articles.
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Is it a Good Time to Shop for Life Insurance
Anyone who bought term insurance more than five years ago should consider shopping for a policy again. Because of much longer life expectancy and higher investment returns, premiums on term life insurance have declined significantly. In fact, over the past decade term premiums have declined by about 50%. Insurers also are being more generous in […]
Setting Up Your Financial Protection Plan – Insurance
Hurricane Katrina has a lot of people thinking about their insurance for homes, autos, belongings, and personal liability. Most people have a lot of their insurance wrong. They have coverage gaps or are paying too much. Don’t wait until you need the coverage to discover there is a problem. Review your insurance every year or […]
Your Personal Backup Plan
A natural disaster destroys more than property. It also destroys financial records and other important documents. Many evacuees from Katrina say that they cannot even prove who they are, because they lost driver’s licenses, passports, birth certificates, and other identification in the hurricane and its aftermath. The traditional advice is to preserve important documents in […]
How to Buy the Right Amount of Life Insurance
Most Americans ignore what insurers tell them about the amount of life insurance to buy. That’s probably a good thing for them. Even so, most people own the wrong amount of insurance. They ask the wrong question and get the wrong answer. The insurance industry generally recommends buying life insurance benefits equal to seven times […]
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How to Protect Your Home from Extreme Weather
Hurricanes swept the east coast, giving many residents an education in homeowners’ insurance. You should get used to it. Weather forecasters say we probably are in a cyclical period of increased hurricanes and other extreme weather. Every homeowner should know the extent, and limits, of coverage for damage from extreme weather. What is covered? Insurance […]
New Rules of Homeowners’ Insurance
Homeowner’s insurance no longer is a modest expense to be taken for granted. Without monitoring and management, premiums will climb and coverage could be lost. About 2.5 million homeowners lost coverage or had substantial premium increases in the past two years, according to a survey. Reasons for the change are legion. Insurers suffered big investment […]
Are Multibenefit Policies Worth the Cost?
Insurers have had trouble selling long-term health care insurance policies. To boost sales, they created multiple benefit policies. Let’s take a look at them. Insurers face a dilemma. During most of the average person’s life, he is more likely to become disabled or in need of long-term care than to die prematurely. Yet, fewer people […]
Nine Questions to Ask Before Buying Life Insurance
Many investment insurance policies aren’t having the results that were expected. Their buyers didn’t realize that insurance policies also could be hurt by a bear market just like stocks and mutual funds. Here is what you need to know to avoid this situation, and to make a good decision regarding the future of any policy […]
