Insurance Center

Your home is important and contains many expensive and irreplaceable things. Someone may rob your house and take away your belongings. Or there may be a fire which can destroy your house. Or some disaster happens and you lose your house. In all these cases you will be relieved if you have purchased home insurance so that at least something can be retrieved and your house becomes like the original one. Or at least as much original as possible as some things are not replaceable.

When you buy an automobile, the auto insurance may also be included in the deal. It is mandatory to buy auto insurance for every vehicle you own in the US and many other countries of the world. Most states in the US have made it compulsory that even if you just park the vehicle and not use it, even then you have to buy auto insurance.

Those US states that are recording the highest homicide rates are the same states that seem to be recording as well, the highest rates of traffic deaths, higher than those being reported by other states. This is information from a study being carried out by the University of Michigan.

There is a congressional subcommittee that has been holding back a long-awaited regulatory reform bill that would greatly affecting the insurance industry as we know it. The bill as it stands, would establish a Federal Insurance Office. This office would be empowered to supersede states and state insurance departments and to identify companies that might pose a systemic risk to the national insurance system.

This office which would be established under the Department of the Treasury, in addition to advising the federal government, would also:

When you are talking about long-term health care insurance you are not just talking about nursing homes. With the proper amount of coverage that provides you enough money for the cost of care, you could get that care in your home or is an assisted living facility of your choice.
But for those who are not able to afford that care, the choice that is being given you by Medicaid is becoming less and less appealing. With the majority of government-funded care programs, care is being provided in nursing facilities, and not in your home. These are the very places where funding is being reduced.

Single people often think they don't need life insurance, and in many cases, they are right. However, there are many factors that determine your need for life insurance; marital status is just one.

First of all, do you have any dependents? If you have children, or if you provide support for a parent or grandparent, your death could create a serious financial hardship for these dependents. Life insurance can provide a continued stream of income for your loved ones if you die prematurely. It can also provide peace of mind for you, knowing that they will be taken care of when you're gone.

Let’s say the breadwinner in a family is suddenly struck by a serious illness that leaves him unable to continue working. He has health insurance but either he doesn’t make a full recovery or it’s going to take him a long time to get back on his feet. What happens? Is he covered by his health insurance? What about things like the mortgage he was paying, the payments on his car, the loans he took from work, the children’s education, etc?

The question has come up as to whether or not the U.S. Constitution allows the government to force people to buy health insurance? Another issue that is being raised is from where comes the authority for their government to prohibit the purchasing of insurance across state lines?
Central to the government’s plan to reform health care is what is being referred to as the “individual mandate.” This is the requirement that everyone must have health insurance either through his or her employer or if not available in that way then individually purchased.

Now that investors have experienced two stock market crashes during the last ten years, insurers are questioning whether or not investors are ready to pay greater attention to whole life insurance as an asset to be included in their portfolios.

The CEO and president of Ethical Edge Insurance Solutions, Richard M. Weber, says that according to his recent studies, the answer is a definite yes.

Life insurance doesn’t have to be as expensive as you think. If you need cover but you’re counting the pennies, think about going for a low-cost policy.

When people buy life insurance they often go for a level term assurance policy where you choose how much cover you want and for how long. Typically, you might want to have cover in place until you pay-off your mortgage, your children become financially independent or you retire.