Also known as burial or funeral insurance, final expense insurance can be a great option for someone who is leaving behind a very small or almost nonexistent estate. It is simply a life insurance policy, but is designed to pay for one’s final expenses; cremation, burial, funeral service, flowers, gravestone, etc. The advantage of this type of insurance policy is that it is very affordable for just about anyone, and is a great option for someone who cannot afford a traditional life insurance policy. Funeral expenses alone can be over $8,000. Most people do not want to pass on this kind of burden to their loved ones, and for them final expense insurance is a viable option.
Currently 47 of the 50 states have agreed to utilize the same standardized Medicare supplement plans. Massachusetts, Wisconsin, and Minnesota are the lone exceptions that have mde the decision to adopt their own individual plans. That means that if you purchase a Medicare supplement in California, you are going to receive the identical health coverage as a consumer who purchased the same Medicare supplement in Florida.
This standardization of Medicare supplement plans allows consumers to truly compare apples to apples when shopping for a suitable plan, unlike so many other insurance plans where it is nearly impossible to really evaluate one plan versus another.
Medicare supplemental insurance plans offers 10 plans to choose from. The coverage offered is identical from insurance carrier to insurance carrier. If you purchase Medicare supplement plan F from Mutual of Omaha, you are going to have the exact same coverage as if you purchased from Aetna.
The only thing that is going to vary between insurance providers is their level of service and the cost of their premiums.
Your car might be able to secure you an additional discount on your insurance policy. Automobiles which are deemed safer and/or less likely to be stolen may qualify for a discount with your insurance provider. Cars that provide safety features for their passengers are less risky to insure. Simple things like air bags, motorized seat belts, anti-lock brakes, and an anti-theft device may qualify you for this discount.
If you use the same carrier to insure your car, boat, home, and/or whatever other possessions you want to insure, most carriers will offer a fairly significant discount. Keep this in mind when shopping around for a new insurance policy. Your current provider might initially appear more expensive, but when the multiple policy discount is applied, they may become the most affordable selection.
Many auto insurance carriers offer a discount on premiums for good students. They believe that students performing well in school are safer drivers than their C-average peers. Companies that offer such a discount may differ in their qualifications. Some require a 3.0 GPA. Others want to see the student on honor roll. Still others require that the student be in the top 20% of their class to qualify. If there is a student driver in your home, there is a little extra incentive for them to study hard.