Insurance Blog

1007, 2017

Home Loans and Private Mortgage Insurance (PMI)

By |July 10th, 2017|Uncategorized|0 Comments

Most financial institutions require borrowers to pay for private mortgage insurance (PMI) if their down payment on a house they intend to purchase is less than 20%. PMI is a protection lenders seek to avoid losing money in case a home loan results to a foreclosure. After years of payment and the loan-to-value (LTV) ratio […]

2706, 2017

A Stress-free Journey with Your Recreational Vehicle

By |June 27th, 2017|Uncategorized|0 Comments

Image source: Pinterest

Recreational Vehicles (RVs) are motorized vehicles or trailers used for camping or other recreational activities. What makes them different from regular vehicles is the presence of a living space that is usually found in homes. Mobile homes, off-road vehicles, snowmobiles or conversion vehicles are not considered as RVs. The Recreational Vehicle Industry Association […]

1406, 2017

Analyzing High Deductible Health Plans

By |June 14th, 2017|Uncategorized|0 Comments

As defined by the Internal Revenue Service (IRS), a high deductible health plan (HDHP) refers to any plan that has a deductible of at least $1,300 US for self-only or $2,600 US for a family for 2017. While HDHPs have lower monthly premiums, health care costs are charged bigger, before the insurance company begins to […]

2705, 2017

When and How to Buy Annuities

By |May 27th, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

People usually purchase annuities, contracts requiring insurers to pay annuitants either right away or in the future. The three basic types of annuities are fixed (with a minimum rate of interest and a fixed amount of periodic payments), variable (owner can direct payments to various investment options), and indexed (features of securities and […]

1005, 2017

Is It Too Early to Get Life Insurance?

By |May 10th, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

Individuals go through a myriad of changes as they pass through every stage of life. There are several factors that trigger the need for some kind of security:

Funeral expenses. In the case of seniors or those who are terminally ill, having an insurance that will pay for funeral and memorial expenses will […]

2304, 2017

Insurance Needs of Children: A Closer Look

By |April 23rd, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

Whether you choose to buy some coverage for your child when you purchase a term life insurance policy or a permanent life insurance policy, there are pros and cons associated with that decision. According to a Forbes article that appeared in January 2016, some of the benefits include:

Death benefits: money for funeral […]

804, 2017

Out-of-pocket Costs in Health Insurance

By |April 8th, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

Section 1302(c)(1) of the Public Health Service (PHS) Act section 2707(b), as added by the Affordable Care Act (ACA), sets out a limit for out-of-pocket costs for both self-only and other than self-only coverage. Thus, effective January 1, 2015, non-grandfathered group health plans as well as group health insurance coverage are required to […]

2503, 2017

The Affordable Care Act: Should It Matter?

By |March 25th, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

President Barack Obama signed into law on March 23, 2010, the Patient Protection and Affordable Care Act, also known as the Affordable Care Act (ACA) or by its nickname, Obamacare. Much controversy has surrounded the law, which aims to extend health insurance coverage to around 15% of the US population who do not […]

1603, 2017

Premium Tax Credit: Are You Eligible?

By |March 16th, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

The premium tax credit (subsidy), also known as PTC, is a refundable tax credit in the US paid by the Internal Revenue Service (IRS) to help eligible individuals and families cover the premiums for their health insurance when purchasing insurance through the state or federal Health Insurance Marketplace (also known as the Health […]

2102, 2017

The Simplicities and Complexities of Starting Your Own Business

By |February 21st, 2017|Uncategorized|0 Comments

By Dez Duran-Lamanilao

Some people find their passion early on or late in life. Upon reaching this state, they begin to formulate an idea, nurture it, and when they think they have what it takes to reach their goal, they venture into the world of business. Some plunge head on with expectation and hope that it […]