Deciding when to start taking Social Security benefits is one of the most important financial decisions you’ll make in retirement. You can start as early as age 62 or delay benefits up to age 70. But claiming benefits before your full retirement age (currently 66 or 67 depending on your birth year) results in a … Read more
Paying off your insurance premium can seem like a great milestone. You no longer have a recurring payment to worry about every month or quarter. But what actually happens when you pay off your insurance early? Does your coverage stop? Do you still need insurance? Overview of Paying Off Insurance Early Let’s start with a … Read more
Your health insurance card contains important information that identifies you as a member and provides details about your specific coverage. One of the most vital pieces of information on the card is your insurance ID number. This unique identifier allows healthcare providers to verify your policy details and bill your insurance plan for services. But … Read more
Moving to Canada is an exciting prospect for many people around the world. With its beautiful landscapes, welcoming society, and abundant opportunities, it’s no wonder that Canada continues to be a top destination for immigrants. However, before you can begin your new life in Canada, there are some important financial considerations to make. Immigrating to … Read more
UnitedHealthcare is one of the largest health insurance providers in the United States and also offers coverage options for residents of Puerto Rico. Here is an overview of UnitedHealthcare’s presence in Puerto Rico and details on plan options, provider networks, and how to get the most out of your UnitedHealthcare health plan if you live … Read more
When reviewing insurance options, you may come across the terms “indemnity” and “non-indemnity” used to describe certain policies. Understanding the distinctions between these two categories is important for choosing the right types of coverage. In this article, we’ll explain the key differences between indemnity and non-indemnity insurance, provide examples of each, and discuss when these … Read more
When reviewing your business or healthcare insurance policy, you may come across the term “aggregate limit.” This refers to a cap on the total payout that can be claimed within a set timeframe, usually annually. Understanding how aggregate limits work is key to ensuring your policy provides adequate protection. What is an Aggregate Limit? The … Read more
American General and AIG are closely connected insurance companies, but they are not exactly the same entity. American General Life Insurance Company is a subsidiary of AIG, and many of American General’s key insurance brands are owned by AIG. However, American General operates as its own insurance company with its own products and services. The … Read more
If you’ve shopped for insurance or managed insurance policies, you may have come across the terms “insurance company” and “insurance carrier” used in various contexts. Sometimes they are used interchangeably, while in other cases people distinguish between them. So what exactly is the difference between an insurance company and an insurance carrier? Below is an … Read more
When shopping for homeowners insurance, you’ll likely come across the term “guaranteed replacement cost”. This refers to a policy feature that provides extended coverage to rebuild your home in the event of a total loss. But does State Farm offer guaranteed replacement cost coverage? The answer is yes, State Farm does offer guaranteed replacement cost … Read more