If you own or are thinking about LTC, there are a few things you need to understand about long term care tax deductions before asking for an LTC insurance quote. Under the current tax code, LTC offers some nice benefits. For example, if you itemize your deductions, you can include your premiums as a [...]
Do you think that just because you have liability insurance, you are covered if there is a problem or accident you might be held responsible for? Liability insurance claims are very tricky. It’s true that the insurance is meant to protect you from lawsuits. But you might think you have coverage when you really don’t. [...]
If you receive disability benefits, the last thing you want to do is run afoul of the IRS. So it’s important to have the right answer to this question. But before you ask, “Are disability insurance benefits taxable?” maybe you should be sure of the pros and cons. Don’t be so sure you want tax-free [...]
In January, there was a story in Investment News about a very large insurance company that wanted to raise premiums because they were facing insolvency. The company didn’t want to declare bankruptcy, so they looked for a way to survive. They needed to find a way to slash $175 million in future liabilities. In other [...]
Is funeral insurance a smart investment? The following is a post from staff writer Crystal at Budgeting in the Fun Stuff, where she writes about finding the balance between paying your bills, saving for your future and budgeting in the fun stuff along the way. Since a lot of people may be wondering whether or [...]
I remember the day I first got my license. I was 18 and felt empowered, invincible and free. While I’m sure most teens feel the same way when they first get their license, it’s an anxious time period for parents. How to choose the best car for a teen? Should you buy a used car [...]
“W” asked me about group long term care insurance a few weeks ago: I’m 47, single with kids and in good health. My employer is offering group LTC insurance. I was thinking I would wait until I’m at least 55, maybe 60, before buying, if at all, but I can get in now with no [...]
If you’re buying a new car, there’s a type of car insurance that you may be unfamiliar with, but that might be completely necessary. It’s called “auto gap insurance” — so named because it covers the difference, or gap, between the true value of the car and the loan outstanding against it when the loan [...]
If you have a teen who drives, here are a few tips to help you land inexpensive car insurance. Car insurance is high enough for two people in the family – adding a teenager to the pool can send the premium through the roof. It’s fortunately true that women get car insurance cheaper. It’s also true that young [...]
My car insurance came up for renewal this month, so I decided to do some rate shopping just to see what’s out there. With car insurance there are so many providers, and you want to check with as many as possible. So, I fired up my computer and headed out looking for some decent car [...]
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