INSURANCE

You have now learned the concepts of life and health insurance and annuities. let's review some of the key areas from this section that will help you prepare to pass the role of insurance is to transfer the risk of financial loss from an individual or business to an insurance company which in turn spreads the cost of the unexpected financial loss to many individuals if there was not an insurance system in place the cost of the loss would have to be covered solely by the individual who suffered the lost for example life insurance guarantees a specific sum of money when someone dies health insurance provides funds to cover medical bills due to sickness or injury and to also cover the lost of money because of a disability annuities provide a stream of income by making a series of payments over a certain period of life insurance in available from both private companies and the government private companies are also known as commercial insurance companies. They are funded through premiu

Million of people save money on their life insurance when you boil it down there are really only two kinds of life insurance temporary coverage which is called term insurance and permanent insurance both term and permanent life insurance comes in various different shapes and flavors to satisfy different needs permanent life insurance is designed to provide coverage for as long as you live if your needs are long-term like estate planning or final expenses or if you just want to leave a bigger legacy no matter when you die permanent insurance is probably the may to go hundred there are lots of different kinds of permit insurance but the two primary categories are whole life and universal life and I'll come back to these in a minute term life insurance is by definition temporary insurance it's designed to provide coverage for a limited period of time typically 10 20 or 30 years term policies are simple and extremely in expensive in most cases your cost each year is guaranteed to r

The insurance industry makes it very easy to separate us from our money if you're not careful you can easily find yourself with far more of the wrong type of insurance than you need if it's any consolation though you will you have made your broker really happy now I have been through this question for my own family my priorities changed when I entered new phase like fatherhood and growing in my professional like so I did like to share my thinking and walk you thought the issues  I considered when making my insurance decisions let's start by under standing. what types of life insurance there are and why you might need them there are two main types of insurance policies term insurance and permanent insurance and term insurance policy is a policy that you pay for a set number of years and it expires when that number of years is up it's the cheapest type of insurance you can get and it sells typically in 10 or 20 year terms you can also buy shorter or longer terms. if you

  How does health insurance work? Imagine you have a $100,000 heart surgery which is a covered medical expense under your health insurance plan and let's say health insurance plan has a $1,000 annual deductible 20% coinsurance after deductible  $2,000 out of pocket limit and a 2 million dollar annual limit on your health insurance coverage in this blog. We'll explain how these different components of a insurance policy work before. We login it's important to note that any health insurance policy purchased after September 23rd 2010 will not have a lifetime maximum limit on most of the plan benefits and any health insurance policy purchased after  September 23rd 2010 will not have a lifetime maximum limit limit on most of the plan benefits and any health insurance policy purchased after January 1st 2014 will not have an annual limit on most plan benefits the first thing we'll talk about in this blog is a deductible what is a deductible typically a deductible is the amoun

 United States Census Bureau Income, Poverty and Health insurance Health insurance coverage is an important measure of our nation's overall well-being whether it's illness injury or preventative needs health insurance provides great access to medical care protection from high unexpected costs and more economic etability each year the census bureau provides data on health insurance coverage. We look at who is and isn't covered where they live and what type of insurance they have policy makers use this information to make data-driven decisions.

  I think you will agree that not having life insurance is one of the dumbest things in the world you can do if you don't have if you're leaving the people.You care about most open to a world of hurt when you die and yes it can happen to any of us. I see it every  week how will your family get by how will your spouse pay for the morgage food utilities health care you kids college tuition etc...   Everyone needs life insurance it's what people do when they care about their families thirty years in this industry has taught me a lot life insurance is the most amazing product mankind ever invented it's the only product that turns pennies in to dollars  and it delivers those dollars exactly when they're  needed most and it's dirt cheap but before you buy life insurance the biggest most important question you need to answer is how much coverage do I want let's face it we only  die once and if we die with the wrong amount of life insurance there's no do overs

  IF YOU ARE A NEW AGENT TO THIS BUSINESS there are a few things that you need to get very clear. Number one, is understanding who your client should be. You see, if you're not happy with who you're working with, you have a problem. A lot people tell  you, that why did you join this business?    Some of them will tell you it's freedom of time but the most important thing is you have the choice to choose your clients. So if you had the choice to choose your clients, who would you work with? If you don't have that very clear you have a problem. Because if you're not happy with meeting the people that you're meeting. You will always look forward for the weekend and every time you're looking forward to the weekend. if just tells you that you're not happy with the business. That will be all the excuses you will need to leave this industry. If you are joining this business and you are a new agent make sure of two very important things. 01) You work with peopl