by Richard F. O’Boyle, MBA, LUTCFOver the last few years we have seen seemingly solid American corporations go out of business. It doesn’t happen often, but it’s a legitimate fear of all investors: What happens if my life insurance company goes bankrupt?First, don’t panic. Each state has a guaranty fund set up by the insurers that is responsible for managing insolvent insurance company policies and claims until another company...
Different Types of Auto Insurance
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Auto Insurance
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In case you are a proud car owner you definitely know how annoying and distracting auto insurance might be, especially when you have high rates to pay. Many people complain about their auto insurance policies being too expensive. But do you know that there are different types of auto insurance policies out there on the market? And some of...
Different Types of Auto Insurance
Labels:
Auto Insurance
0
comments
In case you are a proud car owner you definitely know how annoying and distracting auto insurance might be, especially when you have high rates to pay. Many people complain about their auto insurance policies being too expensive. But do you know that there are different types of auto insurance policies out there on the market? And some of...
Long Term Care Insurance: The Basics
Few individuals or families actually plan for disability and dependence in later life. Sadly, the lack of planning and self-education often results in lost opportunities to prepare for potential disability. Without the planning and discussion of these issues, we are often forced to learn quickly about available options after a traumatic accident, diagnosis of dementia, or loss of ability to care for oneself. While many of us are...
How Much Life Insurance Do I Need?
Most people buy term life insurance to provide for their family’s financial needs in the event that we die while they are still dependent on us. Permanent life insurance is also a useful wealth transfer tool when used for estate planning, as well as a modest savings vehicle. But far and away, life insurance is used by families to pay the mortgage, raise the children and put them through college if we die young.Generally the first...
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