Insurance

Social Security Facts

May 19, 2013

By Howard Dall As of June 2012 Number of recipients receiving social security benefits Retirees–36 million Retiree dependents -2.9 million Disabled- 8.7 million Disabled dependents- 2.1 million Survivors of recipients- 6.3 million Average check received monthly Retirees and dependents $1234.00/ month Disabled and dependents $1111.00/month Survivors $1190/month 90% of the over 65 population receives a […]


Selling Your Life Insurance Policy

May 19, 2013

By Howard Dall Upon death, an insurance policy that is in force pays a defined death benefit to the beneficiary of the policy.  The Life Settlement Industry buys the right to be the beneficiary from the insured.  Usually they are interested in whole life or universal policies, and will continue making the necessary payments. A […]


Medicare and You 2013

May 19, 2013

By Howard Dall Official U.S. Government Medicare handbook mailed to 65 and over population. Medicare is health insurance for people 65 and older. Changes to plans can be made in the open enrollment period 10/15-12/7 New coverage for changes begins 1/1 Parts of Medicare are: Part A-Hospital Insurance Part B-Doctor’s services Part C-Private insurance companies […]


Auto Insurance Discounts

May 19, 2013

By Howard Dall Ask your insurance company or compare with other insurance carriers: Discounts available Multi-vehicle discount Defensive driving course discount Driver training course discount Ant-theft equipment discount Full-year payment discount Low mileage discount Low risk occupation discount Long-time customer discount Multi- policy discount (homeowners, life, property. etc) Bundling policy discounts Safe driver discount Make […]


Medicare and the Election

May 19, 2013

By Howard Dall What is the difference in position of Obama and Romney? Romney believes the Government should turn the administration and running of the program to private insurers.Each individual covered by Medicare would be given a voucher for a set amount of money(to be determined each year). With this money(voucher) the senior can purchase […]


Should I Cancel Collision Coverage

May 19, 2013

By Howard Dall A few things to consider The premium for collision coverage The deductible Value of the vehicle The more expensive the vehicle… higher collision premium The Lower the deductible —lower premium Check the collision deductible, the value of the car.  On an older car keep a high deductible or no collision coverage at […]


Do You Need Life Insurance After Retirement?

May 19, 2013

By Howard Dall There is no simple answer to this question. First we must talk about the purpose of coverage. If married and you want to leave the benefit to the survivor—–Is policy paid up or are continued premium payments necessary??? Can you afford to continue making payments?? Term insurance in effect for specific period […]


Insurance Needs Over 50

May 19, 2013

By Howard Dall Insurance we need to have in our senior years -Home insurance(Owner’s or renters)—Coverage for property and liability. -Umbrella policy–Excess coverage (above liability coverage of home and auto insurance) -Additional Personal Property Insurance(Floater)–Policy which covers valuable items which need to be individually covered–value placed on each(often appraisals needed)(ex- jewelry, artwork,valuable personal items) -Automobile […]


AAA Senior Driving Course

May 19, 2013

By Molly Daly PHILADELPHIA (CBS) – AAA’s Senior Driver training course is offered in classrooms and, now, online. The announcement coincides with National Senior Citizens Day. “Driving is a really critical skill, and seniors want to stay mobile. And it’s been a long time since they took their driving test, and it’s good to have […]


Worksite Wellness

May 19, 2013

By Hillary Gillman What is Worksite Wellness? Studies show that more than 50 percent of health care costs are the result of unhealthy individual behavior. Many carriers offer programs focused on reducing health care costs by encouraging employees to adopt healthier behaviors. Several carriers will implement worksite-based health promotions and activities. They also provide individualized […]