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When YOUR Long-Term Care Premiums Start Climbing, Will YOU Know What To Do?

If you’re the owner of a long-term care insurance policy, you’ve probably learned that premiums can (unfortunately) go up over time. But when you’re confronted with a big increase, do you know what your options are? Here’s a real life example we’re facing in our office. We’ve been helping a client who just found out […]

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Irma Just A Bad Memory? Don’t Forget The Lessons Learned

Hurricane Irma seems like it was years ago, but take a moment to ask yourself if you’re ready for next year. Delray Beach insurance agent Mark Rindom and I spoke with journalist Kim Lankford of Kiplinger about flood insurance. Yes, we know it isn’t a sexy topic, and it’s the last thing on your mind […]

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Annuity Abuses Rise To Top Of Regulator’s Scam List

Has your broker recommended that you swap an old annuity contract for a newer one? Regulators say that could be a way to scam you out of thousands of dollars. Abusive swaps like these, involving improper annuity exchanges, have risen to the top of the investment scam list at FINRA (FINRA is the organization regulating […]

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Quote Of The Week: States Can’t Afford The Retiree Health Benefits They’ve Promised

“U.S. states as a group have promised hundreds of billions more in retiree health benefits than they have saved up. The shortfall amounts to at least $645 billion, according to a new report from the nonprofit Pew Charitable Trusts based on 2015 data. That is in addition to the $1.1 trillion that states need to pay […]

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What To Do Before The Next One Hits: 5 Lessons From Hurricane Irma

What To Do Before The Next One Hits: 5 Lessons From Hurricane Irma

Irma was the most powerful storm ever recorded in the Atlantic Ocean. It killed over 75 people in Florida and caused billions of dollars of damage. Those of us in South Florida were lucky to have escaped worse. Here are 5 major lessons we learned from Irma: Lesson #1: Don’t neglect flood insurance. Roughly 80% of […]

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Irma Wreaks Havoc In The Keys

We know the Keys really took a beating with Irma, and few people, other than rescue/repair crews and homeowners,  have been down in the Keys so far to survey the extent of the damage. But we’ve already seen some “before” and “after” Irma pictures like those in the South Florida SunSentinel that make us sad for […]

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Beware Hefty Hurricane Loss Deductibles

Hurricane damage to your home? You could be on the hook for a hefty out-of-pocket payment before your insurance kicks in. This week’s Wall Street Journal article focused on these tricky hurricane deductibles that make you responsible for the first 2% or so of losses. Some consumers opt for even higher deductibles in a bid […]

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Houston’s Hurricane Harvey Lesson: Skipping Flood Insurance Can Cost You Your Home

Five years ago, after Hurricane Sandy devastated parts of New Jersey and New York, we wrote about the importance of having flood insurance. Very few homeowners in that area were protected by flood insurance, and many suffered major losses. Follow this to read our previous article Sandy’s Lesson: Don’t Go Without Flood Insurance. Once again, […]

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Why Small Business Cares So Much More About Health Insurance

Here’s a simple explanation for why small business owners in America care so much about the health care debate. Even before the Affordable Care Act, most large employers offered health insurance to their employees. The Kaiser Family Foundation says nearly 96 percent of large companies in the U.S. were already offering coverage to employees, even […]

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Under My Umbrella

Rihanna’s not the only one to appreciate a good umbrella in bad weather. Many people should look into purchasing an umbrella insurance policy to keep their assets safe. It can provide a lot of protection for not a lot of money. We recently talked about this easy way to protect your assets with financial columnist […]

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