Did you know? Healthcare wasn’t always available to everyone. Hospital and medical expense policies were introduced during the first half of the 20th century. During the 1920s, individual hospitals began offering services to individuals on a pre-paid basis, eventually leading to the development of Blue Cross organizations in the 1930s. The first employer-sponsored hospitalization plan…
In the Late 19th Century… Modern disability insurance began to become available. It was originally known as “accident insurance”. The first company to offer accident insurance was the Railway Passengers Assurance Company, formed in 1848 in England to insure against the rising number of fatalities on the nascent railway system. It was registered as the…
It’s a sensitive subject and not one that most people don’t like to think about, but there are benefits to adding children’s term insurance to your life insurance policy. Although no parent wants to think about the death of a child, making sure your children have life insurance is just as important as covering yourself.…
I’ve heard it said that the average emergency fund should be at least three months income, if not six. For most people saving the extra money is next to impossible. The mortgage, car payment, insurances and utilities eat up their paychecks and the idea of just saving for vacation is daunting. Bills aside, what if…
“Hey Mom – I saw this really sweet bike I want to buy. The bank will loan me the money and interest isn’t that high, only six years to pay off…” When I heard a friend’s son talking about that, I cringed. When my husband was thinking of retiring we had a similar conversation. My…
The call came that I’d been expecting. A friend who’d been battling cancer for three years passed last week. She was someone I counted on for advise. Despite her disabling disease, she stayed positive. The thing I knew about her was she left a lasting legacy for her friends and family. She had been through…
You’re just out of college, ready to start a family and you’re fairly healthy. You decided to purchase a 30-year term life insurance policy. By then, you’ll only be in your middle to late 50s. You’re still in the prime of your life. That term life insurance policy you bought and paid premiums on for…
Sometimes it seems everyone I know has some kind of health issue. The thing is, if we all look around, we can look at our circle of friends and probably every third person either has had some kind of critical illness. My grandson’s maternal grandfather recently had a second heart attack and is waiting to…
Sometimes it seems like things happen at the most inopportune times. The other day, getting ready to leave for work, the low tire sensor let me know I had a flat tire. That wasn’t bad by itself, but when I got to the tire store, I was informed that all of my tires needed replacing,…
Talking to my spouse the other day about our family histories reminded me that stroke and heart disease are two reasons more people land in skilled nursing care than anything else. We got on the subject because he had a co-worker call whose mother is in a nursing facility nearby and she wants to be…