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Outlook for Prescriptions

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The Outlook for Prescriptions Mail-order suppliers are one of the few ways to fight rising costs Political power, declared Chairman Mao, comes from the barrel of a gun. Political clout has even been known to keep prescription drug prices down temporarily. But as the Clinton administration discovered when it tried to jawbone down drug prices, […]

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Social Security Pays Survivors

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What Social Security Pays Survivors So what social security pays survivors, you ask? A term life insurance policy can be locked in for 1 to 20 years. It is often the best – and cheapest – best for families who want to provide for the future in the event of the loss of a breadwinner […]

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Best Long-Term Care Policies

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The Best Long-Term Care Policies In the course of writing Long-Term Care: A dollar and Sense Guide, Susan Polniaszek examined nearly 1,000 policies. Here are her favorites: Amex: The former Fireman’s Fund offers a traditional policy focusing on nursing home care with an option for home health care. It also offers an integrated policy, which […]

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Age Insurance

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Playing the Odds When You’re 65 Age insurance: Premiums are expensive, and benefits could be a long way away If you’re 65, there’s slightly more than a 60 percent chance you’ll never collect anything from a long-term care policy. There’s a 75 percent chance that you’ll need care for less than a year, and chances […]

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Trouble With Insurance Claim

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Having Trouble With a Claim? Just when you thought things couldn’t get any worse… It’s bad enough that your car’s been smashed, your house broken into, or you’ve suffered some other unfortunate calamity. Now, you have to face your insurance company. The good ones make it almost painless. But, if you’re having difficulty getting a […]

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Automative Guessing Game

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The Automotive Guessing Game Reading your insurer’s mind can save your money If you’re a 22-year-old male driving a souped-up Porsche, you may want to think about getting married. There’s nothing cheap about a high performance sports car, including insurance premiums, but insurers do give a discount to married sports car enthusiasts under the assumption […]

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Playing the Rating Game

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Playing the Rating Game How you can tell which insurance companies have staying power The financial strength of your insurance company is all the insurance you have that the firm will be around when it’s time for you to collect on a policy. But how can you tell if any one company is financially strong […]

Picking Up An Extra Rider

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Picking Up An Extra Rider Standard policies often don’t cover the things you value the most A rider is an extra piece of insurance that covers special property in special circumstances. For example, if you read the fine print of your policy, you may discover that jewelry is covered up to a specified amount against […]

Home Sweet Home Insurance

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Home Sweet Home Insurance You may be able to cut your premiums as much as 50 percent Experts estimate that over a third of the some 60 million people who pay homeowner premiums could cut their home insurance bills significantly – in many cases by 50 percent or more. Yet many are unaware that they […]

Disability Insurance

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Disability Insurance The Nightmare scenario: Rates are zooming, but you can’t afford not have a policy Here’s a frightening fact: Insurance companies report that if a disability keeps you out of work more than 90 days, you’re not likely to work again for about three years. The usual source of long-term disability coverage is your […]

Attention, Heirs Apparent

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Attention, Heirs Apparent Ways to escape estate taxes and die happily ever after. There’s no getting around death and taxes. Even after death, there can be taxes – and lots of them. Sure, if all of your assets go to your spouse, there won’t be any estate taxes. And you get break on the first […]

Life Insurance

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Life Insurance Life insurance refers to a contract between an insurance company and an insured, according to which upon the death of the insured, the insurance company will pay a benefit to a designated beneficiary. People usually take life insurance to leave their loved ones with the funds necessary to cover the costs of burial, […]

Two for the Price of One

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Two for the Price of One Your agent may not tell you about this life insurance option. Ever heard of a low-load policy? Probably not from your agent. Here’s what Consumer Reports said about it in a 1993 report. “Low-load policies may not be in the best interest of agents, but they are in the […]

Right Term Policy

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The Right Term Policy for You You can renew every year or you can lock in for two decades When in doubt about which life insurance policy is best for you, opt for a no-frills term life policy that covers you for the life of the policy and pays only upon death. It gives you […]

Stockbroking

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Stockbroking A stockbroker is a broker who buys and sells securities on behalf of clients on a stock exchange market. Securities refers to certificates documenting ownership of stocks, bonds or other financial instruments. Stockbroker is a regulated profession in the financial services industry, typically licensed after passing a series of professional examinations. The FINRA (Financial […]

Do I Have a Deal?

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Do I Have a Deal for You In Hollywood, everyone from the parking attendant to the prima donna has an agent. But buying insurance isn’t like inking a pact with a movie mogul. You might do better without an agent. The Buyer’s Guide to Insurance from Consumer Federation of America’s Insurance Group offers some guidance. […]

What Is Your Agent’s Cut?

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What Is Your Agent’s Cut? The answer can be the difference between a good policy and a rip-off. If you want to rein in your insurance costs, start by finding out how much of your premium goes directly into your insurance agent’s pocket. It is not unusual for the commission to be as much as […]

Life Insurance Policy Glossary

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Life Insurance Policy Glossary Learning the Lingo of Life The terms you need to know before you sign up for a life insurance policy. There’s no shortage of books and other references to consult if you want to learn more about life insurance. In fact, there are two basic types of life insurance policies: term […]

Insurance Coverage Not to Buy

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Insurance Coverage Not to Buy (text first published in 1994, source Consumer Federation of America’s). The Consumer Federation of America’s Insurance Group is a non-profit, public interest organization that promotes the interests of insurance buyers. Here are some of its recommendations of insurance not worth buying: Air travel insurance: It costs too much and pays […]

Auto Insurance

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Auto Insurance In most states, drivers are required to have liability insurance for each drivers, for accidents, and for the other person’s car in case of an accident. How much you need: Generally, insurance experts counsel that you buy as much liability coverage as you’re worth. You should also consider an “umbrella policy” that covers […]

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Homeowner’s Insurance

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Homeowner’s Insurance It doesn’t matter what you paid for your house. What you need to insure is the cost to rebuild it. The tow figures can be wildly different. How much you need. The conventional formula for gauging how much insurance you need on your home is to figure not how much it would actually […]

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