Remove Deductible Remove Insurance Companies Remove Policyholder
article thumbnail

Please Don’t Compare Whole Life Dividends to Universal Life Interest

The Insurance Pro

Unfortunately, life insurance involves nuance that often leads to false conclusions if we do this. What Exactly is the Whole Life Insurance Dividend Interest Rate? The dividend interest rate declared by the life insurance company tells us roughly the return on the policy attributable to life insurance company investment income.

article thumbnail

Commissioner Lara moves to protect wildfire survivors from debris removal program insurance costs

American Agents Alliance

The California Department of Insurance worked closely with local, state, and federal leaders to ensure that the programs costs are not deducted from insurance benefits. My goal is to help people maximize their insurance payouts to assist survivors in rebuilding and recovering quickly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Low-Deductible Health Insurance: Pros and Con

Freeway Insurance

Under these circumstances, a plan with a low deductible might be the perfect fit for you. Despite the great coverage these plans offer, a lot of people avoid low deductibles. However, low deductibles offer many benefits – and challenges – which you should carefully consider before you apply for health insurance.

article thumbnail

Short Term Health Insurance Illinois

Smart Insurance Agents

Cost: Evaluate the premiums, deductibles, copayments, and out-of-pocket maximums associated with each plan. Reputation and Customer Reviews: Research the reputation of the insurance companies offering short term health insurance plans. Agile Health Insurance 5. Companion Life Insurance Company 7.

article thumbnail

Protect Your Finances: The Truth About Small Insurance Claims

Shield Insurance Agency

Shield Insurance Blog | Small Insurance Claims | Contact Our Sales Team! Small Insurance Claims Can Raise Premiums Small insurance claims, such as those for minor property damage, may seem like a hassle to deal with. However, filing small insurance claims can have long-term financial consequences.

article thumbnail

Tips for Buying Home Insurance

Bankers Insurance

The homeowners insurance market is complicated and dynamic, and many policyholders have experienced increased rates in recent years despite no changes to their coverage or claims filed. Finally, toward the end of 2023, reinsurance rates rose by as much as 40% as companies sought to recoup increased losses from recent years.

article thumbnail

The Rising Cost of Litigation — Social Inflation and E&O Risk

American Agents Alliance

Social inflation and E&O risks are connected as agents must manage policyholder expectations even as claims costs rise, premiums remain high, and denials are issued for claims policyholders expected to be covered. This could lead to an E&O claim as policyholders are disappointed in claims outcomes.