Year: 2017

As we discussed last week, insurers have increasingly embraced “Use It and Lose It.” In this system, homeowners are unduly punished for taking otherwise reasonable actions. Indeed, a single claim — or claim inquiry — could see premium increases, surcharges, or non-renewals. While the disdain for this legal practice is universal among consumers, different states […]

Everyone knows the phrase “use it or lose it.” Indeed, we’ve heard it applied to everything from flex spending accounts to credit card miles. Can the same be said, however, about the phrase “use it and lose it?” While this swap of conjunctions might seem like a simple typo, this is far from the case. […]

Individuals who receive their medical degree should feel extremely proud; a lifetime of tireless academic efforts has paid off. Indeed, the transition from student to physician can now begin in earnest with the start of a residency. With long hours and low pay, the life of a medical resident is not glamorous. However, most will […]

When young professionals enter the workforce, they are faced with financial obstacles that leave little time to learn about insurance. However, when young adults choose to skip insurance coverage they don’t think they need or don’t understand, they may be financially unprepared if the unthinkable happens. This is why it’s important to contact one of […]

Earlier this week, we discussed why families should reconsider purchasing life insurance for stay-at-home parents. Specifically, how this investment safeguards working parents and children in the event of an untimely passing. While life insurance is a necessity for this particular family dynamic, what about other households? For example, do the same arguments in favor of […]

The next time you get the chance, ask any stay-at-home parent about their daily duties. Chances are good they’ll describe a routine that’s far from leisurely and downright difficult. In addition to the children, there’s transportation, cleaning and of course, meal preparation to consider. In many households, the decision for one parent to stay home […]

Last time, our blog discussed that many people are ambivalent about the prospect of long-term care. Specifically, the recent recession and the belief they’ll be healthy forever makes it less of a priority. We also discussed how this might prove to be a mistake. The U.S. Department of Health and Human Services has found that […]

The U.S. labor market has been showing sustained job growth and higher wages. Of course, this means increased consumer confidence. While this is good news, it hasn’t resulted in much spending beyond basic living expenses. Many consumers are wary of incurring additional costs having just weathered the recent recession. Moreover, some might discount dedicating any […]

Not that long ago, the two most important items to remember before leaving the house were your keys and your wallet. Today, that list includes the relevant, must-have, smartphone. Technology is important for everyday tasks from personal communications, to streamlining and accomplishing professional tasks. However, recent reports indicate that these ubiquitous devices are now playing […]

If you graduated from college anytime over the last five to ten years, chances are good that once the excitement of earning your diploma wore off, things immediately turned chaotic. After all, there were decisions to make about everything from whether to attend graduate school and where to live to what type of job to […]