October is a critical month for those on Medicare. With the start of the Annual Open Enrollment Period on October 15th,those on Medicare have until December 7th to join, switch, or drop a Medicare Advantage (Part C) or Part D (prescription drug) plan. Costs, benefits, provider networks and what prescriptions
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September is Life Insurance Awareness Month, making it an ideal time to educate yourself about this important financial decision. According to the Life Insurance Marketing and Research Association (LIMRA), 44% of consumers are only somewhat or not knowledgeable about life insurance. Life insurance pays a death benefit to your named
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Service contracts are legal agreements that specify the terms and conditions for providing a specific service, and the responsibilities of each party. The Iowa Insurance Division (Division) regulates two types of service contracts: motor vehicle and residential service contracts also known as home warranties. Iowans can purchase motor vehicle service
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Travel insurance safeguards your investment in a costly trip by covering unexpected events that could disrupt your plans. It can reimburse pre-paid, non-refundable expenses for unforeseen circumstances. Consider purchasing a policy if there is a chance the trip could be impacted by severe weather, a loved one has a pre-existing
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Financial wellness and mental health have been found to have a clear connection. While financial stress can exacerbate things like anxiety and depression, conversely, mental health issues can cause people to make choices that are not in their best financial interests, creating a vicious cycle. Financial literacy is a key
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Hailstorms can cause significant damage to homes, vehicles, and other property, leading to costly repairs. Understanding how to handle an insurance claim after a hail storm can make the process smoother. Taking preventive measures can help mitigate future damage and reduce potential losses. After a hailstorm and when it is
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When disaster strikes, whether a tornado, fire, burglary, or other insurance-covered peril, homeowners and renters often find themselves overwhelmed by the loss and the claims process. One critical step an insured can take to prepare for such situations is to create a comprehensive home inventory. After a covered peril occurs,
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According to the Coalition Against Insurance Fraud (CAIF), insurance fraud costs consumers an estimated $308.6 billion annually in the United States, translating into roughly $900 per consumer due to increased premiums caused by fraudulent claims. Insurance Fraud is any act of deception or misrepresentation made to an insurance company with the
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As we approach the new year, now is the perfect time to reflect on the past year’s spending and set goals for the year to come. Here are some practical tips to help you reach your goals in 2025 and beyond. Create a Budget -Track your income and expenses: We can’t
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This holiday season Iowans will gather with loved ones and it is a great time for an open discussion about the location of important documents which detail end-of-life plans. An end-of-life plan is a set of arrangements or decisions made in advance regarding the care, treatment, and personal affairs at
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