sr 22 insurance

What is SR 22 Insurance?

Although many car owners have never heard of or been exposed to SR-22, there are tons of people out there that know what it is and why they have to have it. First of all, SR-22 is not a type of insurance. SR-22 is simply the form number used for the Financial Responsibility Form that…
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no fault insurance

No Fault Insurance | Best rates in Your State

You may be familiar with at-fault car insurance. If you’re in an accident with someone, the person who caused the accident is responsible for helping pay for damage done to your car—and in some cases—helping with medical bills. That person would file a claim with their car insurance company. Most state laws operate on an “at-fault” basis.…
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motorcycle insurance in 2020

Motorcycle Insurance in 2020

Interestingly, not all states require motorcycle riders to have liability insurance. The average motorcycle on the road today weighs about 550 pounds and can do a lot of damage if it happens to crash into your vehicle or other property.   Also, consider having 550 pounds of metal lying on top of you. Although most…
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rideshare insurance

Auto Insurance for Uber and Lyft Drivers | Rideshare Insurance

Lately, many folks are joining the “gig” economy by becoming a full-time freelancer or a part-time freelancer or “moonlighter.” Since most adults own vehicles, one of the easiest ways to start working as a freelancer is to get into the ridesharing business. What started out as a thorn in the side of cabdrivers has exploded…
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different types of car insurance

What are the Different Types of Car Insurance?

Buying car insurance in the 21st Century is supposed to quick and easy, right? Well, for most people, it generally is. However, there are different types of car insurance policies that need to be considered by many car owners, and that can throw a wrench in an online policy. What if your car is not…
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backdoor roth IRA

What is a Backdoor Roth IRA?

A Roth IRA is very much the same as a traditional IRA, except you fund it with cash that has previously been taxed — which means there isn’t a tax break on the front end. In 2020, you can invest up to $6,000 each year, or $7,000 if you are age 50 or older, in…
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guaranteed universal life insurance

Using Guaranteed Universal Life for Income Protection

When many people think of life insurance, they think only of someone dying and money that is paid to a beneficiary. What they don’t think of are the many beneficial purposes the money serves in the lives of those left behind.   Let’s take a look at how Guaranteed Universal Life insurance can provide many…
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modified premium whole life insurance

What is Modified Premium Whole Life Insurance?

Modified premium whole life insurance is very similar to traditional whole life insurance. It is a form of permanent insurance, meaning that it is intended to be kept for a person’s whole life, as opposed to insurance for a temporary need, such as term insurance.   Modified Premium Structure   Unlike traditional whole life insurance…
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what are paid up additions

What are Paid-Up Additions on a Whole Life Policy?

In order to understand what paid-up additions are on a whole life policy, it’s essential that we first understand what dividends are, since dividends are what purchases the paid-up additions.   Whole Life Dividends   Whole life insurance policies are a class of what is referred to as “participating policies” because policyowners participate in the…
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