When you're just starting out, life insurance may not be your first concern. But it's worth planning for the unexpected.
Half of millennials have life insurance — whether their own policy, one through an employer, or both, according to the LIMRA and Life Happens 2016 Insurance Barometer report.
"The reason you have insurance is to provide protection for the people you're going to leave behind," said Carolyn McClanahan, a certified financial planner and the director of financial planning for Life Planning Partners in Jacksonville, Florida.
When you're young and single, you might not need a lot of life insurance — if any. But there are a few situations where you might want to secure a policy in your 20s or 30s:
If anybody counts on you for your income, then you want to have life insurance," McClanahan said.
Many people start to think about life insurance when they get married or have a child, she said. But they aren't the only people who might benefit from a policy replacing your lost income. One in five millennials financially supports a parent, with an average outlay of $12,000 a year, according to a 2015 TD Ameritrade analysis.
Read more at CNBC....
Since the inception of the Affordable Care Act, the uninsured rate in America has dropped from 16% to less than 9%, according to the latest update from the Centers for Disease Control and Prevention. In terms of enrollment figures, an October update from the Centers for Medicare and Medicaid Services found that 10.4 million people were enrolled and paying via the ACA's marketplace exchanges by the end of June, with millions more netting health coverage via the expansion of Medicaid in 31 states.
Yet, the enrollment figures and uninsured rate only tell half the story behind Obamacare, which is what the ACA is more commonly called.
Behind a lower uninsured rate stands a sea of disgruntled, money-losing insurers, a relatively low favorability rating of the health law from the American public, and rapidly rising premiums. Even more prominent is the looming presidency of Donald Trump, who's set to take office in a hair over a month. Among Trump's dozens of campaign pledges, perhaps none stood out more than his call to repeal and replace Obamacare once in office. With Republicans maintaining control of both houses of Congress and Trump in the Oval Office, a path to healthcare change seems quite possible. Even if a complete repeal of Obamacare takes longer than expected, a majority vote via a reconciliation bill could remove the meat and potatoes of Obamacare in no time.
Read more at Fox Business News....
1. Use unique passwords for all your accounts
What: Stop kidding yourself that you only re-use passwords on accounts that don’t matter, or that you have an unbreakable password scheme that no one else can guess. Every single thing with a password needs to have a unique password, shared with nothing else.
Why: Services get hacked, with entire databases of passwords published in the open. People get “phished”, tricked into entering their passwords into shady imitations of the sites they intended to visit. If this happens, you want to limit the damage, ensuring that only one site gets breached.
How: Unless you absolutely categorically have a reason not to…
2. Use a password manager
What: Software like LastPass (free) or 1Password ($2.99/month or $49), which will store your passwords, generate secure random ones for you, and sync them across multiple devices.
Why: If you can memorise all your passwords, you can almost guarantee that they aren’t varied enough to be secure. A password manager may feel like putting all your eggs in one basket, but it’s a padded secure basket kept up-to-date by the best minds in the basket business, and what you’re doing right now is more like juggling the eggs above your head while blindfolded.
How: Download the password manager, install it on your desktop (you can do mobile later), and start running it. You don’t even have to change your passwords all at once: the manager will notice when you log in, and ask you whether you want to save the new password. That should be your cue to create a new one.
Continue reading at The Guardian...
By Steven Scott
Originally posted at the GEICO website
Amidst the hustle and bustle leading up to the holidays, it’s easy to get caught up in the shopping frenzy. The feeling is all too familiar—where the main concerns become making it to the right shops in time, getting our hands on the right gifts, and making it out before we’ve spent too much money. As you hop from store to store, you’re probably watching your accounts to make sure your purchases are still within budget. But there’s more to keep an eye on… like protecting your identity.
In 2015 alone the Federal Trade Commission received more than 3 million reports from victims of identity theft. Additionally, experts suggest that there is a rise in identity theft around the holidays because there are more opportunities for thefts to occur unnoticed. Pickpockets and other identity criminals are in full force during the holidays … and they are everywhere. While staying a few steps ahead of them is critical, having the right plan of attack is equally important in the event something slips through the cracks....
Chances are, you’ve been advised to destroy old paper documents that contain sensitive information, and to do so in a secure environment. The truth is, we live in a digital age, and by shredding documents containing personal information, you’re really just scratching the surface.
Make your holiday season safe and enjoyable by following these helpful tips wherever you are.
Out in public
Crowded malls and sidewalks provide ample opportunities for thieves to nab your wallet and bank cards, not to mention other personal information. While you’re out and about, remember:
Cell Phone Security
When you want to compare prices or check your bank accounts on the go, it’s nice to know that because of today’s smartphones, you have the world at your fingertips. Remember, just because you’re the only one that uses your smartphone, doesn’t mean it’s not susceptible to prying eyes. Sticking to a few rules of thumb will help keep your personal information personal:
Shopping online from the comfort of home or from a cozy coffee shop has become a favorite way to shop. And why not, when you can avoid the long lines and traffic altogether? Shopping this way can be extremely convenient, but you should remain cautious. The internet can be an open range for savvy identity thieves to prey on vulnerable customers, especially when credit information and other sensitive data are constantly being sent electronically. Here are some tips to keep in mind before browsing the web for holiday deals:
At HomeYou can be susceptible to identity theft even in the privacy of your home. An identity crook needs little more than your Social Security number, bank information, or a pre-approved credit application to steal your identity. Here are a few ways to safeguard your personal information while at home:
Your inbound and outbound mail has more personal information than you may realize. To protect yourself, always be sure to:
The holidays are a common time for charities to ask for donations over the phone. But not all calls are from legitimate sources. An identity thief could pretend to be soliciting a donation for a charity, or act as a representative from your credit card company. Never give out your financial information over the phone when someone calls you. If you’d like to make a donation, contact the organization yourself to ensure your gift is getting to those it was intended for.
As a physician, I know well the problems with Obamacare I don’t think anyone has more disdain for this big government takeover of our healthcare system. It needs to be stopped, and we must replace it with reforms that move us in the opposite direction.
I will vote to repeal Obamacare in January. I believe it is something that the Republican Congress must do.
However, in fervor to repeal Obamacare, conservatives should not forget or abandon the principles that make us conservative in the first place. Quirky, arcane rules allow Congress to repeal Obamacare with a simple majority but only if Congress passes a budget first.
Anyone who follows Congress knows that Congress only sometimes passes budgets, and when they do the budgets, even GOP budgets, it never leads to a balanced budget.
Continue reading at Time....
Here's some good news!
Effective this week, all our current and future clients with health insurance policies from Philadelphia American will have as a part of their benefits TelaDoc at no additional charge.
TelaDoc is the original "talk to a doctor" service. With TelaDoc, you can talk via phone or video with a board-certified medical doctor 24/7, get a diagnosis for yourself or your covered child, and have a prescription called in to your local pharmacy if needed.
Current policyholders of Private Plan 364, Next Health Plus plans, and Secure 65 plans will be receiving Teladoc cards and instructions on how to utilize this exceptional service.
Click here to learn more about Teladoc services....
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