Now Is the Time to Think About Life Insurance: 6 Questions to Ask Before You Buy a Policy

life insurance

Securing a life insurance policy is something we should all consider, regardless of age, in order to protect our loved ones. But, most people don’t know where to start, and failing to get the right type of coverage can have disastrous consequences. Asking the right questions before you choose a life insurance policy can help you choose the right level of coverage, as well as the right type of insurance policy. Should I Buy Term or Whole Life Insurance? Term life insurance provides coverage for a specific time frame, which…

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The Impact of Wellness Programs on Health Care Costs

It’s no secret: health care costs are on the rise. According to the Commonwealth Fund, we can fault most of the costs associated with providing medical care for the rise in health insurance costs. To combat this growth, the Federal government, via the Affordable Care Act (ACA), has dedicated resources to increase the preventive and routine care to keep patients out of the hospital.  But will these incentives actually work?  Will wellness programs positively impact overall healthcare costs?  Or will the costs of healthcare be shifted onto the employers and…

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Will insurers be the next motivator for quitting smoking?

Insurance companies have put forward a proposal to charge a higher premium for covering smokers as a new form of motivator for individuals to quit their cigarette habit. WalMart is among the organizations spearheading this effort to make it more expensive for smokers to obtain health insurance coverage. However, whether or not it is right for medical insurance to make this choice is just as important as whether or not people will actually take control over their own health risks and stop their smoking habit. According to Psychologist Dr. Carol…

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