Archive For The “Insurance” Category
What keeps employees from work the most? Illness or Injury?
By Jorge Hiram Garcia, Your Insurance Advisor | May 16, 2012
A recent survey by the Consumer Federation of America found that the a majority of employees wished their employer offered disability insurance coverage. According to the survey, illnesses are the cause of the majority of disabilities that affect a person’s ability to work, not injuries as most supposed. In fact, fifteen percent of long term [...]
What is a Fixed Annuity and Who Should Buy Fixed Annuities?
By Jorge Hiram Garcia, Your Insurance Advisor | April 23, 2012
What is a Fixed Annuity, and Who Should Buy Fixed Annuities? Fixed Annuities are unique in that they offer a wide range of benefits for those planning for retirement. Not only can fixed annuities be used to fund their retirement but to protect their retirement fund they have a retirement plan in place. Fixed annuities [...]
The New Risk You Need Protection From: Living Longer Than Expected
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
The number-one new risk consumers need to protect themselves against is longevity, or living longer than expected. To illustrate, if you take a husband and wife who are both 65, there is a 50/50 chance that one of them will live to age 92. There is a 25 percent chance that one of them will [...]
A New Look At Permanent Cash Value Life Insurance
By Jorge Hiram Garcia, Your Insurance Advisor | April 21, 2012
It’s time for a new look at permanent cash value life insurance as part of your financial or retirement plan. Permanent cash value life insurance can come in a variety of policies such as universal life insurance and whole life insurance. These types of permanent cash value life insurance policies provide individuals and families with [...]
Insurance and George Zimmerman and Trayvon Martin – Who is liable?
By Jorge Hiram Garcia, Your Insurance Advisor | April 14, 2012
The case of George Zimmerman and Trayvon Martin presents several interesting questions for the insurance industry. The effects of this case may well end up affecting the insurance industry on multiple levels. This case may well affect how policies are underwritten in the future, as well as how the actions of one person affects the [...]
New IRS Guidelines Help Consumers Buy Deferred Annuity Within IRA-401k
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
There are many reasons why someone would prefer to use a deferred annuity within an IRA or 401(k) plan. For those clients who prefer deferred annuities within their retirement plans, the IRS reporting requirements have historically been so convoluted that they’ve served as a deterrent to such purchases even thought these purchases would benefit these [...]
Useful Look at the Benefits of Whole Life Insurance – Link
By Jorge Hiram Garcia, Your Insurance Advisor | April 6, 2012
A useful look at the benefits offered by whole life insurance policy was published on my insurance agency web site. Read it here: What type of Life Insurance Policy Should I Buy – Term, Universal or Whole Life Insurance?
What’s Good About Annuities? A closer look at the Fixed Index Annuity
By Jorge Hiram Garcia, Your Insurance Advisor | March 30, 2012
When I started in the insurance business, I started out as a fixed index annuity advisor for local school districts. Back then, these types of products were also called equity indexed products. My mentor taught me about annuities, and the value they provided. Once I learned that a fixed index annuity was just a retirement [...]
What’s Coming Up for the Affordable Care Act (ACA)
By Jorge Hiram Garcia, Your Insurance Advisor | March 29, 2012
Two of the most pressing ACA changes on the horizon for the marketplace are the implementation of the Summary of Benefits and Coverage and preparation for participating on the public exchanges. Upcoming changes to the Affordable Care Act that are looming include: Summary of Benefits and Coverage Beginning Sept. 23, 2012, all insurers and group [...]
Looking Back at The Affordable Care Act
By Jorge Hiram Garcia, Your Insurance Advisor | March 29, 2012
The Affordable Care Act, also known as ACA, has made an impact on healthcare for many consumers. This week the Supreme Court will hear arguments on challenges to the Affordable Care Act (ACA). Several of ACA’s provisions are already making an impact on the business of health care and individual consumers. Some of the provisions [...]
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