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Millennials- Insurance

The stakes are high for Generation X when it comes to protecting your family’s ability to pay for dependent care, college education and mortgage expenses in the event of your death. Many find Term Life Insurance useful and affordable to cover these specific financial responsibilities if they were to pass away unexpectedly. Term Life Insurance is designed to payout a pre-determined death benefit amount and the insurance “term” is structured to remain in place when the stakes are the highest, typically 10. 20 or 30 years and then expires. Carefully examine whether a Term Life Insurance Policy makes sense to protect your family.

Risk is the uncertainty of an outcome. Health Insurance transfers the financial risk of an accident or failing health to an insurance company and protects us financially. This is a real advantage until you realize that the rising cost of insurance premiums far exceeds our total medical expenses year after year. Self-insuring can apply to a portion of the risk in the form of your deductible, or your spouse’s or dependent’s deductible. Higher deductibles could mean lower premiums and a realized savings in the years you do not require increases medical care. Health savings accounts can be funded to prepare for higher deductibles in the year(s) you require more medical care. Check out your options to help offset the rising cost of health insurance premiums.

Employees Group Insurance Department (EGID) (Health Choice Insurance Costs)

The Other Sure Thing

Though we don’t like to think about it, all of us will make an exit sometime. Are you prepared?

Keep Your Umbrella Handy

Umbrella liability can be a fairly inexpensive way to help shelter current assets and future income from the unexpected.

The ABC’s of Auto Insurance

What kind of auto insurance should you have? Do you know?