Fires & Floods:

The last couple of years have brought many natural disasters including fires, hurricanes and floods.  According to scientists, it is likely that the increased frequency and severity are a result of global warming and most likely will continue. Climate change is having an impact on the insurance industry and will have an impact on all … Read more

Checking in with Genworth and the Long Term Care Insurance Industry:

The sale of Genworth to China Oceanwide Holdings Group Co. Ltd seems to be back on track and may be completed, by the end of this year.  China Oceanwide announced their plan to acquire Genworth about two years ago.   Tom McInerney, Genworth’s president, told securities analysts that the plan is for Genworth Life and … Read more

Website Resource: Optimal Insurance Deductible Calculator

On the tonysteuer.com website, you will find the Optimal Deductible Calculator which is designed to help you select the insurance deductible that provides the most value for you.  The Optimal Deductible Calculator can be used for any insurance policy that has a deductible including auto insurance, health insurance and homeowner’s insurance. The general rule is the … Read more

Baby, you can drive my car:

We all purchase auto insurance, yet many of us, myself included, don’t always review it on a regular basis. This is more important than ever since auto insurance premiums are rising four times faster than the overall rate of inflation. Getting the optimal insurance for your dollar is the goal. Consumer Reports has released New … Read more

Genworth Sale Update:

Genworth has the most individual long term care insurance policies in the U.S. As noted, Genworth along with every other U.S. insurance company with LTC policies has had issues due to initial under-pricing of policies, the prolonged low-interest rate environment, offering of lifetime benefit periods with minimal actuarial experience and lower than expected lapse ratios … Read more

No Good Deed Goes Unpunished: Auto Insurance

The logical assumption is that if you are a “good” driver, you will qualify for lower auto insurance rates. It turns out that there is also an exception to this rule if you are currently insurance by a smaller, “non-standard” insurance company and live in a lower-income community. The Consumer Federation of America reached this … Read more

Questions to Ask When Buying Life Insurance

This article was originally published on Bottom Line.com in June, 2017. Life insurance can be a powerful tool for protecting your family’s financial future, but it’s crucial to understand the details of your policy, and how it works for you, before you sign off on a purchase. Whether you’re buying life insurance through a broker … Read more

Should I consider Hybrid/Combination Long Term Care Insurance Policies?

The need for long term care insurance is not going away. It is estimated that more than half of today’s 65 year olds will require long-term care at some point, at an average annual cost of $183,000. Most people will only need care for less than two years, however one in seven will face more … Read more