By Thomas Beaton July 10, 2018 – Transitional health insurance, otherwise known as a short-term health plan, is a temporary insurance policy intended to provide stop-gap coverage when an individual is in between ACA compliant policies. The National Association of Insurance Commissioners estimates that more than 160,000 people enrolled in transitional […]
Our daily roundup of retirement news your clients may be thinking about. 6 financial milestones clients should hit in their 60sSeniors should to have built an emergency fund and socked away at least 10 times their salary in their retirement accounts by the time they retire to secure their golden […]
Advisors and their clients need to understand the true costs associated with the newer hybrid long-term-care insurance products when compared with traditional (usually partnership program) LTC insurance products. A partnership program LTC policy is one that works in conjunction with a state’s Medicaid program to ignore the insured’s assets, equal […]
In February, the Trump Administration released its proposed rule on short-term limited-duration insurance (STLDI) plans for health care. The rule would change the legal duration of STLDI plans from three months to 364 days, allowing them to function like traditional insurance. This rule, partnered with the individual mandate penalty of […]
Don Wickstra has been a dentist for 40 years in Hamilton. At the age of 65, Wickstra says he is thinking about the next chapter of his life. After serving on a number of local boards, Wickstra thinks he can make a difference. WestSouthwest with Don Wickstra A longtime member […]
Buying term insurance is a critical part of your financial planning; a must-have product which you must buy irrespective of your income level and risk profile. It makes sure that your loved ones are financially secure when you are not around. The term plan is a pure risk insurance policy […]
Though retirement should be an exciting period of life in theory, for plenty of seniors, it’s a stressful one in practice. That’s because many retirees are caught off-guard by the expenses they inevitably face. And if there’s one expense that’s more likely than not to go up in retirement, it’s […]
NEW ORLEANS, LA (WVUE) - Thousands of Jefferson Parish residents are no longer required to have flood insurance because of updated flood maps. But some were surprised to learn their lenders had stopped escrowing funds to pay for the coverage due to the new maps. Insurance Commissioner Jim Donelon said […]
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The interest rate charged by insurers on loans depends on the time when a policyhold-er is opting for a loan. (Thinkstock) I have a term plan for 60 years, which I had taken 10 years ago and another 10 years are left for the cover. Can I extend the insurance […]