Originally Posted On: https://johnsavadjian.wordpress.com/2022/01/20/is-combining-investments-the-right-idea-when-getting-married/ Getting married involves more than its fair share of decision making. One of the biggest of…
Originally Posted on: https://johnsavadjian.wordpress.com/2022/02/22/financial-planning-resolutions-for-2022/ Now that we’re approaching the tail end of February, it’s not too early to assess the…
With the legislation that covers Medicare and Medicaid being constantly revised, baby boomers searching for comprehensive, affordable insurance might feel as if they are facing an uphill battle. Finding such coverage can be intimidating, but with the right search criteria, it doesn’t have to be. If you live in NJ you can use an insurance company that works with clients to create personalized insurance checklist that itemize baby boomers’ individual needs.
When selecting a specialty insurance provider, baby boomers should consider the areas of life that protection is sough for —health or medical expenses, general life, loved ones, and even belongings. Baby boomers probably want to do this all at an affordable rate, without being taken advantage of. If you live in NJ you can use an local insurance company to guide a baby boomer through the steps necessary to insure all these elements and at an affordable rate. They may even find some discounts that the policy holder didn’t know existed.
Let’s be honest for a minute. When your head is bent over the pile of monthly bills, with your calculator nearby at your elbow, the realty hits you… unless you ask for, and receive, a raise, one or more of those obligations must get pushed to the side.
When it comes to those “obligations” for which you must dole out your hard-earned pay, never scrimp on, eliminate or fall behind in any insurance premium!
You’ve read or heard the advice before, most likely from financial advisors, to always adequately insure your home or vehicle, and that advice goes for your healthcare as well.
When it comes to protecting yourself, and your loved ones, you need to plan ahead. Plan for a future that may not be as rosy as you’d like it to be, or, at the very least, know that the years ahead may become tarnished, not golden, due to illness or other such circumstances beyond your control.
The time to put insurance policies for disability, long-term care and life insurance benefits into place is when you are younger, not when you are older or thinking of retirement. By then it might be too late.
Whether you’re a long-time employee, or seeking a new job, of course you want job satisfaction, but, even more importantly, you need to ensure you have good benefits or “bennies” as they are often referred to. While health insurance, disability insurance, and life insurance packages provided to employees are fairly standard, employee benefits for financial perks are also attractive, no matter the age of the employee.
Employers who are savvy provide plenty of incentives to their employees to keep them aboard. By offering a compensation package of the most sought-after benefits, they’ll lure the best workers. Traditional benefits like adequate paid time off (“PTO”) and sick days are always appreciated and pretty standard as benefits go. Likewise group health insurance is always a draw, especially with a lower deductible, less co-pay amounts and good prescription coverage. Add the ability to have a flexible spending account (“FSA”) for your health insurance and employees will say “now you’re talkin’”.
To be truthful, the majority of people don’t give much thought to life insurance policies. Many employers provide life insurance benefits, and, be honest now… you give life insurance paperwork a cursory glance, wherein you might study your health insurance benefits a little closer. For those who are not fortunate enough to have a life insurance policy through your employer, you probably push the thought of getting a policy in place to the back of your mind. After all, who wants to deal with that morbid topic? But procuring life insurance is not something you do so much for yourself, as for the loved ones you leave behind. In fact, people are so lackadaisical regarding life insurance, often you are spurred to taking action only when someone you know relays their terrible tale of woe to you after their loved ones dies, and, then you vow that you won’t let that happen in your home.