Insurance

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Auto insurance rates are decreasing for one Louisiana insurance company. According to Insurance Commissioner Jim Donelan, Louisiana Farm Bureau is requesting a -4.4% rate decrease on its automobile policies.

Rate decreases will result in lowered premiums for 1.5 million automobile policy holders. Expect reduced rates by August 1, 2019.

courtesy / ulm.edu

KEDM's Policy and a Pint will delve into disaster at Miro's on Tuesday night. At 6 p.m. our open public forum will talk about recent disasters and how to prepare. Ron Bush from State Farm Insurance will address some of the most common issues that people face after a disaster and how you can better prepare beforehand. 

The event will begin with a "meet and greet" at 5:30 p.m. and the "LIVE" radio event begins at 6 p.m. at Miro's, 201 Walnot Street in Monroe. 

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Have you gotten to the age where your investment company is sending you the required minimum distribution amount from your IRA each year?

 

If you’re like a lot of folks I know, you don’t really need the money, so it’s just sitting in the bank, earning nothing.

If that’s you, you may be wondering if you have other options.

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“I’m insurance poor!”

Whenever someone raises the twin topics of insurance and affordability, a little red flag goes up in my little brain.

In 99% of the cases I see, the problem is not affordability, but effectiveness. Will the coverage you have actually DO what you want it to DO when the car wrecks, or the house burns? The question you should be asking is, “What coverage can our family afford NOT to have?”

Gov. John Bel Edwards does not agree with Attorney G. Jeff Landry’s deliverate attempt to eliminate health care benefits for people with high risk health conditions.  Edwards said Landry did not have a plan in place to ensure insurance companies don't deny coverage for the 849,000 people in Louisiana who could lose health care because they have a pre-existing condition.

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Recent Louisiana flood victims can qualify for flood rebate dollars by re-filing your 2016 tax returns. Basically, if you lost more than 500 dollars that wasn’t covered by insurance or government grants, during the flood, you can deduct the difference from your 2016 income tax return. Brandon Lagarde is the tax director at Postlethwaite and Netterville in Baton Rouge.

 

A key issue in this benefit is taxpayers did at the time NOT have  to itemize their return to make the adjustment.

 

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Last week, I reviewed the identify crisis suffered by insurance companies, who forgot they are primarily security providers and not investment managers.

History shows that no matter how you package it, using the cash values of a life insurance policy as an investment accumulation vehicle is rarely a good idea.

What escapes many, however, is the corresponding truth that investments are usually very poor insurance.

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Life insurance. We need it. We hate it. We don’t really understand it. But we know we don’t want to be sold it.

If I had a message for life insurance companies, it would be this:

When you forget who you are, it’s easy to lose your focus.

The two decades spanning the 1980s and 1990s represent one of the most lucrative periods in history for investors. It was a time of declining interest rates, expanded borrowing, baby boomer buying and a growth in productivity made possible by the dawn of the personal computer.

geralt / Pixabay

My wife and I have each made a vow to keep each other out of the nursing home. While we'll do our best, we acknowledge that it might not be possible.

When a loved one needs long-term care, sometimes professional help is required. Having long-term healthcare insurance is a good way to take care of our loved ones when we can't. 

shreveporttimes.com

The Federal Emergency Management Agency has extended its filing deadline for Louisiana policyholders impacted by recent Red River flooding.

FEMA's National Flood Insurance Program normally requires homeowners to file a Proof of Loss form to claim damages within 60 days of a flood. The agency has authorized an additional 180-day extension during which a policyholder may submit the form.

Insurance Commissioner Jim Donelon says the extension applies to Louisiana policyholders who submit claims related to flooding from May 16 to June 16.

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