Asset Protection for Women: Beyond Insurance
As women continue to work, become main breadwinners, and run businesses, it’s important to take measures to protect the things you own.
Understanding Investment Risk
Generally when financial advisors talk about investment risk, their focus is on the historical price volatility of the asset under discussion.
How to Determine the Financial Strength of an Insurance Company
Fortunately, there are a number of independent companies that make these evaluations. These rating companies carefully examine each insurance company in the areas of profitability, debt, liquidity, and other factors.
What is “no-fault” insurance?
Under this no-fault system, your insurer automatically pays for your damages, regardless of fault, up to a specified limit when you have an accident. In exchange for this guaranteed payment, you forgo some of your rights to sue the other driver involved in the accident.
What is long-term care insurance?
A comprehensive policy generally covers the costs of round-the-clock nursing home care, including that given at custodial, intermediate, and skilled levels. The policy may also cover any expenses associated with assisted-living residences provided that the facility is state certified.
Are life insurance proceeds income taxable?
In general, life insurance proceeds paid to you because of the death of the insured are not subject to federal income tax. To qualify for such favorable tax treatment, the life insurance contract must meet certain IRS requirements.
What are the main types of auto insurance?
There are four main types of auto insurance that are available: liability, uninsured or underinsured motorist, collision and comprehensive, and personal injury. Most states require drivers to carry certain types of auto insurance.
Why are annuities considered an insurance product?
Annuities are financial vehicles that can be sold only by insurance companies. Basically, an annuity is a contract between you and an insurance company, which promises to pay you a future income in exchange for the lump-sum payment or premiums that you pay.