by kwadwocode | Feb 6, 2020 | Blog, Investopedia, News
No matter which type of health insurance policy you have, it’s essential to know the difference between a copay and coinsurance. These and other out-of-pocket costs affect how much you’ll pay for the healthcare you and your family receive. KEY TAKEAWAYS A...
by kwadwocode | Feb 6, 2020 | Blog, Investopedia, News
Copays and deductibles are features of health insurance plans. They involve payment on the part of the insured, but the amount and frequency differ. KEY TAKEAWAYS Copays and deductibles are both features of most insurance plans. A deductible is an amount that must be...
by kwadwocode | Feb 6, 2020 | Blog, Investopedia, News
And how do health insurance deductibles work? If you’re in the market for insurance, you may wonder what a deductible is in health, auto, or homeowners’ insurance policies—and how it works. Insurance deductibles are common to property, casualty, and health...
by kwadwocode | Feb 6, 2020 | Blog, Investopedia, News
If you’re wondering whether it makes sense to buy life insurance, ask yourself this one question: “Would my death leave anyone in a financial bind?” If your answer is “yes,” then it may be time to get serious about shopping for life...
by kwadwocode | Feb 6, 2020 | Blog, Investopedia, News
Unlike term life insurance policies, which do not build cash value and always have a levelized death benefit, permanent life insurance policies allow policy owners to select levelized or increasing death benefits, sometimes called option 1 or option 2 respectively....
by kwadwocode | Feb 6, 2020 | Blog, Investopedia, News
Fifty years ago, most life insurance policies sold were guaranteed and offered by mutual fund companies. Choices were limited to term, endowment, or whole life policies. It was simple, you paid a high, set premium, and the insurance company guaranteed the death...
