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From Single to Married: How Do Your Insurance Needs Change?

By Dez Duran-Lamanilao

It is human nature to undergo different stages in terms of physical, emotional, mental and even financial aspects of one’s life. And as your outlook and expectations change, so do your insurance needs. When you decide to marry, there are considerations that you must keep in mind to keep your future and those […]

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

Home Loans and Private Mortgage Insurance (PMI)

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 […]

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

A Stress-free Journey with Your Recreational Vehicle

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 […]

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

Analyzing High Deductible Health Plans

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 […]

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

When and How to Buy Annuities

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 […]

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

Is It Too Early to Get Life Insurance?

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 […]

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

Insurance Needs of Children: A Closer Look

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 […]

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

Out-of-pocket Costs in Health Insurance

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 […]

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

The Affordable Care Act: Should It Matter?

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 […]

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

Premium Tax Credit: Are You Eligible?

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 […]

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