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INSURANCE

What Should I Do With My Life Insurance Policy?

By The BIDaWIZ Team on February 4th, 2015 at 4:05 pm

If you have a life insurance policy that you purchased years ago and borrowed against it, you may now not have a need for it. If this is the case, you have a few different options to explore. Find out what makes the most sense for you. .
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INSURANCE, TAX PLANNING

What Is The Health-Care Insurance Penalty?

By The BIDaWIZ Team on October 3rd, 2014 at 8:04 pm

This will be the first year that the health-care changes passed in 2010 will have an impact on those that opt out of coverage. Specifically, under the Individual Shared Responsibility Provision, individuals that are subject to the penalty will have to remit payment with their 2014 tax returns on April 15th. The penalty will not apply to those that obtain health insurance coverage through their employer or a state sponsored exchange. Still, there are certain groups that will pay hundreds and in some cases thousands in penalties. .
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INSURANCE

What Should You Do If You Have A Large Medical Bill?

By The BIDaWIZ Team on April 4th, 2014 at 12:27 pm

Many health insurance providers will not cover the entire cost of a hospital visit. Your coverage will vary by provider, but in many cases you can expect 60-80% of the medical bill to be covered by your insurance. This can result in a medical bill in the thousands. Fortunately, there are ways in which you can get relief. .
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INSURANCE

Should I Buy Variable Universal Life Insurance?

By The BIDaWIZ Team on October 18th, 2013 at 6:31 pm

Many individuals learn of variable universal insurance policies through their financial planner. It's one of the more complicated financial products on the market and can easily be misused if proper due diligence isn't done prior to purchasing a policy. .
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INSURANCE

How Much Will Health Insurance Cost Through The Exchanges?

By The BIDaWIZ Team on September 26th, 2013 at 7:29 pm

While online enrollment for health insurance through the exchanges has been delayed until November, you can still apply via mail or in-person or by phone. With that said, we thought it is important for those planning to utilize the exchanges to have some expectation of the cost. Surely, there’s going to be some variances in premiums based on locations and other key factors, but there’s now a projection. Read More.

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INSURANCE

Do You Recommend Variable Universal Life Insurance?

By The BIDaWIZ Team on July 19th, 2013 at 4:01 pm

The list of insurance and annuity products that a financial advisor can offer their clients seems to be never ending. An investor can easily find themselves following their advisor's recommendations without doing their own due diligence. It's important to understand all of the mechanics of a variable universal life insurance (VUL) policy. .
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INSURANCE

Insurance Coverage You Probably Don’t Need

By The BIDaWIZ Team on July 12th, 2013 at 11:55 am

There are many reasons to purchase insurance that covers different risks, but that doesn't mean you should buy every insurance product under the sun. Insurance can best be evaluated by whether or not it covers catastrophic events, financial loss and provides for a comprehensive policy. .
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INSURANCE

Review Your Auto Insurance Policy When Planning Your Next Roadtrip

By The BIDaWIZ Team on June 25th, 2013 at 11:34 pm

A new AAA survey indicated that 66% of the adult US population plan to travel at least once this year. In addition, the average adult is expected to make 3.5 trips this summer. You can bet that a large percentage of those travelers will be hitting the roadways with gas prices expected to be lower than in the summer of 2012. If you’re planning a road trip, it’s important to understand your auto insurance coverage across state lines. Read More.

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INSURANCE

Should We Buy An Automatic or Portable Generator?

By The BIDaWIZ Team on May 31st, 2013 at 4:23 pm

The hurricane season is now upon us and forecasters are predicting above average activity levels. Those in the northeast last year, experienced the wrath of Super Storm Sandy with some outages lasting several weeks. If you’re concerned about the upcoming hurricane season and future storms, now may be the time to start thinking about investing in a generator to power your home or business when the electricity goes out. Should you invest in an automatic or portable generator? Read More.

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