Insurance

Football
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You and your agent needed to play a scrimmage game before the season started.

Every summer in the heat of August, football teams all over America endure the hellish ritual of August practice. The smell of fresh cut grass in 99 degree heat still makes me sick at my stomach due to the memories of endless football drills, running in full pads, hitting head to head and getting yelled while a coach yanked on my face mask (back in the day, we didn’t have all those rules about coaches having to treat players like human beings).

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Is it time for you to buy long-term care insurance?

I think the first question anyone needs to ask when considering the purchase of any kind of insurance is, “What am I trying to protect myself against?”

Let me see if I can give you a few parameters to get your thinking started. But before the process is over, you’ll need to find an experienced, qualified insurance agent that can guide you through your choices.

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I’m talking to a young man in his early 30s who happens to be the sole breadwinner for his family for now. This couple both want Mom to be able to stay home with their children, so among other things they’ve realized, they need to get some life insurance on Hubby.

How much coverage should they get and how long should the term be?

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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. 

401(K) 2012 / FLICKR.COM https://bit.ly/2EP7y37

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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