| Insurance Tips Home and Auto Insurance When you use one insurance company for your home and auto you are eligible for discounted rates. If a young driver has a grade point average of 3.0 or better you are eligible for good student discount rates. Life Insurance Consider buying a universal life insurance policy for your young child if you think they might not qualify later in life as an adult. A 65 year-old male, preferred non-smoker could take a $100,000 from a CD and purchase a single premium universal life insurance policy with a face amount of nearly $350,000. What's more, because it's a life insurance contract, his beneficiaries will receive this money tax-free. Health Insurance Most health insurance companies offer a carry over deductible. If you spend any of your deductible (ie: $500) in the last quarter, the amount is carried over to the next calendar year. Did you know you could pay for Long-Term Care premiums from your health savings account? (HSA's)
Beginning in 2007, individuals can make a one-time transfer from their IRA to an HSA, subject to the contribution limits applicable for the year of the transfer. |
