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Best Auto Insurance for Young Adults
STEPHANIE COLESTOCK
Buying car insurance for the first time can be intimidating. To help, we’ve researched the best auto insurance for young adults. Here’s what we found.
If you’re behind the wheel of a car, you need auto insurance. And if you’re a young driver, you know that this insurance can often come at a high premium. A higher cost is inevitable across the board. But your state still requires that you carry coverage. So which company offers the best auto insurance for young adults?
Let’s take a look at the auto insurance companies out there that insure young drivers. We’ll also explore the discounts available from each. And we’ll see which one will provide you with the best service and coverage every time you get on the road.
Factors Impacting Cost
A number of variables impact the cost of auto insurance premiums you’ll pay each month. Things like your driving history, credit history (in certain states), and where you live in your city can raise or lower your cost significantly. The amount of coverage you choose–state-required minimum liability or additional coverage–will also impact the price of your premiums.
Of course, there’s also the issue of your age.
Younger drivers (those under 26, typically) will typically pay a considerable amount more each month for auto insurance, regardless of the other factors involved. This is because these drivers are obviously less experienced behind the wheel. They also have higher rates of speeding, driving under the influence, and crashes involving speeding.
According to the National Highway Traffic and Safety Administration, 64% of alcohol-impaired accidents resulting in a fatality in 2010 were caused by drivers between the ages of 21 and 34. And when examining accident-related fatalities in 2012, they found that 37% of 15- to 24-year-old male drivers were speeding at the time of their crash.
It’s no wonder, then, that auto insurance companies charge a higher premium for drivers under the age of 30, and particularly those under 26.
Premiums can also be affected by the insured’s credit history, which many young adults are still working on. Other factors like whether they own or rent their own home and how many miles per year they drive also can count more heavily against young drivers.
Read More: https://www.doughroller.net/insurance/best-auto-insurance-for-young-adults/
from Best Insurance Quote https://www.bestinsurancequote.io/best-auto-insurance-young-adults/
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Five Things You Must Do Following A Motorcycle Accident
Tom Roderick July 5, 2013 6
Crashing sucks and never more so than when riding a motorcycle. The risk of bodily injury from even a minor accident is far greater than when involved in a similar situation while piloting an automobile.
Protecting yourself begins with proper training and continues with riding practice and acquiring experience. Great advances have been made in the materials and manufacturing of motorcycle apparel regarding both protection and comfort. But none of these are a 100% safeguard against having an accident. If you’re involved in a motorcycle accident (or come upon the scene of one), knowing how to react is the next step in protecting yourself, your passenger and your motorcycle from further harm.
Hopefully this is a list you’ll never have to use.
Remain Calm
Unless you’re cognizant of some impending danger, do not move. Lay there, then – beginning with your toes and finishing with your skull – take a mental inventory of your body parts. Evaluate each for pain and movement. Try to remember that you may be experiencing shock and that adrenalin masks pain, both of which may cloud judgment of your physical condition. Once satisfied you’re uninjured, then begin moving and/or removing riding apparel.
The scene of an accident is inevitably chaotic. If you become anxious, calm yourself by taking deep breaths. Compose yourself because anxiety is infectious and arousing others only complicates matters. You also need a clear head to effectively assess the situation.
Assess the Situation
If you’re carrying a passenger, check on their condition, then check on the condition of others involved in the accident. Instruct everyone to perform the same mental inventory of body parts you did. If necessary, dial 911 and immediately request emergency services. Survey the scene for other present dangers such as fire, leaking hazardous fluids, oncoming traffic, etc. Take any necessary precautions to secure the safety of anyone present. Once you’re satisfied that everyone’s safe and any further dangers have been contained, call the police and report the accident.
Record Details
Use your smartphone to notate details of the accident and take photos/videos, or write notes if pen and paper are available but no smartphone.
Things to record: 1. Date, time, location, weather and road conditions of the accident 2. Your account of the accident including a diagram 3. Injuries and damages 4. Make, model and license plate of any vehicle involved 5. Names, phone numbers and insurance information of all people involved. Be certain to include the names and numbers of willful witnesses.
Things to photo/video: 1. Skid marks 2. Street signs 3. Visual obstructions 4. Road abnormalities 5. Property damage
Contact Insurance Company
Contact your insurance agent as soon as possible. Provide them with all the information you procured and be proactive in assisting them with acquiring any further information. They are there to protect you after the accident, so assist where and when you can to help expedite the process.
Maintain Records
Create a folder, or some other central location, for keeping all your notes and photos of the accident, as well as contact information for everyone including witnesses and police officers. Procure a copy of the police report. Make new notes including names, dates and times of phone conversations with insurance agents or law enforcement officials. Print copies of email exchanges, etc. Save all receipts of costs incurred related to the accident including towing, storage and rental car costs. These records will help support your case if there are any complications.
Read More: http://www.motorcycle.com/insurance/five-things-you-must-do-following-a-motorcycle-accident.html
from Best Insurance Quote https://www.bestinsurancequote.io/five-things-must-following-motorcycle-accident/
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Motorcycle Insurance For Beginners
Ryan Adams March 9, 2018 4
We were all beginners once, right? Whether it be motorcycles, soccer, ballet, etc., the unknown pitfalls of any new venture can cause excitement and joy or, more often than not, leave you scrambling in a fit of confusion. So let’s take a look at tips for helping new motorcyclists navigate their way through the tricky insurance web of deceit! Motorcycle insurance for beginners, take one.
So you fancy yourself a biker?
Congratulations! Welcome to the fold, brother! So, let’s chat about motorcycles. Have you decided which motorcycle to purchase yet? Are you a new rider, or have you been roosting the other kids at the track since you were knee-high to a Cholla cactus?
These things matter, not only regarding how your general experience will go, but also to your insurance company. Well, actually, the fact that you have been a professional racer since you were 12, does not matter. Sorry. If you’re under 25, and it’s your first bike, you will likely be teetering at the high end of insurance premiums, but there are ways to mitigate your insurance costs.
What kind of motorcycle will you be riding?
First of all, your motorcycle choice makes a huge difference. Are you looking at that shiny new Panigale V4 that Ducati just released onto the scene? Bad choice in terms of insurance. In fact, that might be the costliest choice to a fresh motorcyclist, not to mention being a bad idea for plenty of other reasons. Instead, consider motorcycles that aren’t labeled as sportbikes by most insurance providers. I still chuckle to myself now and then when I think back to registering my first street bike, a 2001 Triumph Speed Triple, and found the insurance to be incredibly affordable because it wasn’t considered a sportbike, although it had more power and performance than some.
The type of motorcycle, engine displacement, price, and year, among other factors, will affect your premiums, keep that in mind.
What can I do to lower my premium?
I thought you’d never ask. Besides carefully choosing your preference of iron steed, you can take a motorcycle safety class. Completing motorcycle safety training, whether it be a beginner course or an experienced rider course, can save you money on your premiums. Planning to stick with the same insurance provider as your automotive policy? Most companies offer group discounts for bundling vehicles as well.
Some things you can’t change
Unfortunately, your age and location will factor in and those are things that you cannot change. So, consider some of these general best practices so you just don’t need to use your insurance: Use a motorcycle lock of some sort. I used a caliper lock for a few years and a massive chain lock at one point as well to help deter opportunistic thieves. Other things that will help you from needing to contact your insurance provider are as easy as being extremely careful and vigilant at intersections of every type and practicing your emergency maneuvering skills in a safe area until it is all muscle memory. Check out our man Brent’s practice tips here.
Be sure you and your motorcycle are covered
The most important point regarding insurance is to make sure you understand your coverage. The worst possible feeling is paying your premium month in and month out only to find out after an accident that you’re not fully covered or that your deductible is as much as that used motorcycle that you bought. Let me define a few insurance terms that can leave the uninformed or first-time insurance buyer, in a state of confusion:
Deductible: Is the amount you must pay to your insurance company before they begin paying for the rest. If you bought a $1,500 motorcycle, you don’t want a $2,000 deductible.
Liability: Liability insurance covers you in the event of an accident in which you were at fault. This is generally the state minimum.
Collision: Collision pays to repair your motorcycle in the event of an accident, regardless who is at fault.
Comprehensive: Comprehensive coverage pays for damage to your motorcycle that is not the result of an accident such as theft, vandalism, or natural disaster. Of note, comprehensive coverage will pay the market value. So, say your bike is stolen, market value of the motorcycle is $6000 but you owe the bank $8,000 on your loan, comprehensive will only pay you the market value of $6,000. This is where…
Gap Insurance: …Gap insurance comes into play. Gap insurance covers the difference between what you owe to the bank or finance company on your bike, and what your insurance company will pay out as the market value or your motorcycle.
Uninsured/Underinsured Coverage: Uninsured/Underinsured coverage covers you in the event that an at-fault driver hits you and they can’t pay for the resulting damage whether it be motorcycle damage, bodily injury, or pain and suffering.
Read More: http://www.motorcycle.com/features/motorcycle-insurance-for-beginners.html
from Best Insurance Quote https://www.bestinsurancequote.io/motorcycle-insurance-beginners/
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How to get cash for your life insurance policy
Dear Savvy Senior,
I have a life insurance policy that I’ve been paying on for years that I really don’t need any longer. I’ve been thinking about letting it lapse, but I’ve heard that I can actually sell it for a nice payout. What can you tell me about this?
– Interested In Selling
Dear Interested,
Selling a life insurance policy, even a term life policy that you don’t want or need any longer – a transaction known as a “life settlement” – has become a popular option among retirees in recent years that could use some extra cash. Here’s how it works.
A life settlement is the sale of an existing life insurance policy to a third party company for cash. Life settlements are typically best suited for people over age 65 who own a policy with a face value of $100,000 or more or someone younger who has experienced a significant change in health.
Historically, if an owner of a life insurance policy decided they no longer needed it, they would either let the policy lapse or turn it in for a meager cash surrender value. But now, with the life settlement option, you can actually sell your policy for more than the cash surrender value would be, but less than its net death benefit.
Once you sell it, the life settlement company then becomes the new owner of the policy, pays the future premiums and collects the death benefit.
How much money you can expect to get with a life settlement will depend on your age, health and life expectancy, the type of insurance policy, the premium costs and the cash value of your policy. You may be able to receive four to eight times more than the policy cash surrender value.
If you’re interested in a life settlement here are some things you should know:
Shop around: Because payout can vary, to ensure you get the best price for your policy get quotes from several companies. Also, find out what broker and transaction fees you’ll be required to pay. Coventry, the nation’s first and largest provider of life settlements, offers some of the highest cash payouts for life insurance policies. To get started, visit CoventryDirect.com��or call 888-858-9344. To search for other providers or brokers, the Life Insurance Settlement Association provides a directory at LISA.org.
Be prudent: Life settlements are regulated in most states. Find out from your state insurance commissioner (see NAIC.org for contact information) if the life settlement company you’re interested in is properly licensed.
Protect your privacy: When you sell your life insurance policy, you will have to sign a waiver authorizing the release of medical and other personal information so that the buyer can determine how much to offer for your policy. Before accepting any offer, make sure that the company has procedures in place to protect the confidentiality of your information.
Understand the tax implications: The Tax Cuts and Jobs Act recently updated the tax treatment of a life settlement to be treated the same as the surrender of a policy back to the insurance company. This can be complicated, so be sure to consult a tax advisor.
Read More: https://www.westplainsdailyquill.net/features/people/article_0f88b6e4-23e7-11e8-9fb7-9fb89f562727.html
from Best Insurance Quote https://www.bestinsurancequote.io/get-cash-life-insurance-policy/
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If you work at home and don’t have this insurance, you could be at risk
There are several types of policies, depending on the nature of your work and who visits.
By Elisabeth Leamy
Special to The Washington Post
When Regina Mohr started her home-based business, Caliber Meetings and Events, she knew she needed insurance. “Luckily I have good relationships with all my clients,” Mohr said, “but if something were to happen, I don’t have a huge company to fall back on and a huge pocketbook.”
Being a meeting planner does not sound very risky, but Mohr points out she could be held liable if a drunk conventioneer were to damage a venue or if somebody were to trip overequipment that had been left out and get hurt. For situations like that, she knew she needed liability insurance, but she was not sure if she needed other kinds of insurance as well.
Fortunately, Mohr’s insurance agent, Mark Ahart of Ahart, Frinzi and Smith Insurance in Alexandria, Virginia, asked her a series of questions. Did she have employees? No. Did she meet with clients in her home? No. And so on.
Why was he so adamant about determining the correct insurance needs of her home-based business? “There have been cases where homeowners insurance carriers have denied liability claims because it was a business claim rather than a homeowner’s claim,” he explained. That could leave you hanging out to dry and paying big bucks out of your own pocket. “It’s huge peace of mind, knowing that I am covered, if something should happen,” said Mohr, “especially given how litigious people are these days.”
Read More: https://www.seattletimes.com/explore/careers/if-you-work-at-home-and-dont-have-this-insurance-you-could-be-at-risk/
from Best Insurance Quote https://www.bestinsurancequote.io/work-home-dont-insurance-risk/
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U.S. Insurance Companies Underwrite Fossil Fuels, Deny Homeowners
U.S. insurance companies are trying to have it both ways on climate change, underwriting and investing in fossil fuel companies but raising premiums or denying coverage to homeowners impacted by increased floods and wildfires, Jacques Leslie wrote in an Op-Ed for The Los Angeles Times Tuesday.
Leslie pointed to a December 2017 study by California’s Department of Insurance which showed that instances in which insurance companies refused to renew coverage to homeowners in fire-prone counties increased by about 15 percent between 2015 and 2016.
“Insurers are increasingly using computer models to assess the risk of fires for individual homes and deciding that homes in some areas face too high a risk,” Insurance Commissioner Dave Jones said in a press releaseabout the study.
Jones recommended legislation that would ensure Californians living in high-fire-risk areas could continue to insure their homes.
Meanwhile, a 2014 Ceres study found that the investment portfolios of the 40 largest U.S. insurance companies contained a higher proportion of oil and gas bonds than average, Leslie wrote.
The attitude of U.S. insurance companies is particularly striking because, internationally, insurers are waking up to the real risks posed by fossil fuels.
An insurance scorecard published in November 2017 by Unfriend Coal, which Leslie cited, found that 15 insurance companies are divesting $20 billion from coal companies and declining to underwrite coal projects.
“The shift of insurers away from coal is now gathering momentum and may be approaching a tipping point,” the scorecard’s executive summary said.
However, that shift hasn’t reached the U.S. “So far, no American insurer has taken meaningful action on coal and climate change, and even industry giants such as Berkshire Hathaway, AIG and Liberty Mutual have remained completely silent about the catastrophic climate risks affecting their clients,” the summary continued.
Leslie suggested the U.S. insurance industry could pay financially for its selective denial about fossil-fuel risks. If climate-related lawsuits against fossil fuel companies, such as the suit brought by Oakland and San Francisco against Chevron, ConocoPhillips, ExxonMobil, BP and Royal Dutch Shell, succeed, then insurers might have to pay up on behalf of their clients.
The choices of insurance companies are important, because they have the power to stop new or existing fossil fuel projects by denying coverage.
Read More: https://www.ecowatch.com/insurance-companies-climate-change-2547518560.html
from Best Insurance Quote https://www.bestinsurancequote.io/u-s-insurance-companies-underwrite-fossil-fuels-deny-homeowners/
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4 Best Bets to Invest in Top-Ranked Life Insurance Industry
The insurance industry seems well-poised for growth on the back of favorable operating conditions. Life insurers largely benefit from an improving rate environment owing to sensitivity to interest rates.
The Fed kept its promise of three interest rate hikes in 2017 and announced three more in 2018 as well as two in 2019. These moves reflect President Trump’s bias for higher interest rates and the central bank’s confidence in improving U.S. economy.
Though the rate is improving, it is still low and the magnitude is not enough to considerably benefit insurers. The life insurers have lowered exposure to interest-sensitive product lines and shifted to riskier asset like equities only to fetch in more returns from the policyholders’ claims. Nonetheless, improving investment income raises optimism in the stocks.
Gradual increase in interest rate will tend to lower hedging costs and coupled with control over underwriting expenses might further margin expansion.
Life insurers have redesigned and re-priced products, which should help write higher premiums.
Improving GDP (Fed predicts GDP to grow at 2.5% in 2018 and at 23.1% in 2019) and lowered unemployment rate (Fed expects it to decline to 3.9% both in 2018 and in 2019) among others indicate more disposable income with people opting for more insurance coverages.
On a positive note, the Life Insurance industry is ranked at #26, representing the top 11% of the Zacks Industry Ranks , having scaled by a notch from last week. This upswing was likely as there were three positive estimate revisions and none negative.
With respective to price performance, the industry has underperformed the S&P 500 index’s 18.6% rally in a year, registering 7% gain quarter to date. Nonetheless, the industry is undervalued at present.
Looking at its price-to-book ratio – the best multiple for valuing life insurers because of fluctuations in quarterly earnings – the industry has a trailing 12-month P/B ratio of 2.13, lower than the S&P 500’s 3.84. It is also trading near the low end of 1-year traded range of 2.10-2.40.
This seems the right time to invest in life insurance industry given its strong fundamentals, a favorable macro backdrop and undervaluation.
Assured Picks
It might be a daunting task to pick the right stocks for greater investment returns. Here comes our handy Zacks Stock Screener to help identify the best bets.
We shortlisted four stocks backed by a bullish Zacks Rank, a solid Value Score and northbound estimates in the past 60 days. Shares of these companies have also outperformed the industry in a year.
Primerica, Inc . PRI distributes financial products to middle-income households in the United States as well as Canada. The stock sports a Zacks Rank #1 (Strong Buy) and has a favorable Value Score of B. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 19.3% upward and moved 21.9% north for 2019 over the last 60 days.
Primerica also outpaced expectations in three of the last four quarters and has an expected long-term earnings growth rate of 10%. Shares gained 24.2%, outperforming the industry’s increase of 7% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here .
Reinsurance Group of America, Inc. RGA engages in reinsurance business. The stock carries a Zacks Rank #2 and has an impressive Value Score of A. The Zacks Consensus Estimate for 2018 bottom line has moved up 10.9% and 10.3% north for the metric in 2019 over the last 60 days.
Reinsurance Group exceeded estimates in two of the last four quarters and has an 11% expected long-term earnings growth rate. Shares gained 25.5%, outperforming the industry’s increase in a year.
Sun Life Financial Inc. SLF provides protection and wealth products and services to individuals, businesses and institutions worldwide. The stock carries a Zacks Rank of 2 (Buy) and has a solid Value Score of A. The Zacks Consensus Estimate for 2018 has been raised 6.4% and moved 8.2% north for 2019 over the last 60 days.
Sun Life surpassed estimates in two of the last four quarters and has an expected long-term earnings growth rate of 7%. Shares gained 20.6%, outperforming the industry’s increase in a year.
American Equity Investment Life Holding Co. AEL develops and sells fixed index and fixed rate annuity products in the United States. The company is a Zacks #2 Ranked player, carrying a Value Score of A. The consensus mark for both 2018 and 2019 has been increased 11.5% over the last 60 days. American Equity Investment also outshined expectations in the trailing four quarters.Shares gained 20.6%, outperforming the industry’s increase in a year.
Don’t Even Think About Buying Bitcoin Until You Read This
The most popular cryptocurrency skyrocketed last year, giving some investors the chance to bank 20X returns or even more. Those gains, however, came with serious volatility and risk. Bitcoin sank 25% or more 3 times in 2017.
Zacks has just released a new Special Report to help readers capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
Read More: https://www.nasdaq.com/article/4-best-bets-to-invest-in-top-ranked-life-insurance-industry-cm932853
from Best Insurance Quote https://www.bestinsurancequote.io/4-best-bets-invest-top-ranked-life-insurance-industry/
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Using Life Insurance For Retirement Purposes
David Kleinhandler , Forbes Councils
When people hear the words “life insurance,” they immediately turn away from even discussing the matter. But what they may not understand is that it’s an asset — there to provide a stream of cash to help fund retirement tax-free and to pay for long-term care if you become ill.
The one fear we all have when getting close to retirement, even with all our planning, is whether we’ll have enough to last us through it. When doing your planning for retirement, you need to accept the reality that you could be retired for a long time and, if married, your savings may need to last for two lives — not just one.
Shutterstock
As you prepare for retirement, the money you are saving should be considered “safe money,” or funds you put away in secure conservative investments that will protect you from stock market volatility. What if you could invest and put the risk on the carrier and have downside protection? There are certain rules that will allow you to maximize the cash accumulation in your policy by following the 7702 guidelines, essentially funding to the maximum allowed under these guidelines. It’s basically creating a safe harbor without creating any penalties. Only an astute life insurance professional would know how to position these types of features correctly.
As you are contemplating retirement, it’s a common exercise to simplify your life by eliminating some of the things you no longer need. For example, you can eliminate monthly commuting costs and stop making contributions to the company 401(k) plan. If your kids are all grown and you’re on the verge of becoming an empty-nester, take a look at your home expenses and begin to think about a less expensive alternative. You may even consider canceling some or all of your life insurance policies. This is where you need to stop and realize exactly how the policies you currently own may have some value in your retirement.
As the nest begins to empty out, the need for life insurance begins to diminish. When you originally purchased your policy, you were probably looking at it as an income replacement tool to protect your family in case something happened to you and your income was lost. But, it is unrealistic to think that you may not still need that protection in retirement. Many retirees decide to re-enter the workforce for a variety of different reasons: to keep busy, for social interaction and to supplement their incomes. If that supplemental income is important to your retirement, your policy can continue to provide the same protection to your spouse during this period.
Your policy can also replace any income derived from your pension benefits, which may be either significantly reduced or eliminated entirely upon your death. The same holds true for social security benefits. When you pass away, your surviving spouse will only continue to receive the highest of the two benefits. The lower one will cease to exist.
In addition to income replacement, there are several other ways those policies you purchased can be beneficial to your retirement:
• Tax-Deferred Growth: If you purchased a permanent insurance product (whole life), then you’ve been building up cash for the entire time you’ve had it, and it has been growing on a tax-deferred basis. The dividends earned are considered a return of the premiums you’ve paid and are only taxable if the dividends exceed the premiums paid. You will not be required to pay any taxes until the policy is surrendered.
Read More: https://www.forbes.com/sites/forbesfinancecouncil/2018/03/06/using-life-insurance-for-retirement-purposes/#7663861c57f0
from Best Insurance Quote https://www.bestinsurancequote.io/using-life-insurance-retirement-purposes/
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Accelerated Underwriting Makes Life Insurance Easy
By Amy Fontinelle | March 7, 2018 — 6:00 AM EST
Accelerated underwriting, also called “express underwriting,” is making it faster and easier for people with good health and good credit to obtain life insurance. With it you can get a fully underwritten, regularly priced term life insurance policy of up to $1 million without a medical exam.
If you’re afraid of needles, will do anything to avoid a doctor or are so busy that it’s hard to schedule an exam, this relatively new development may finally entice you to apply for the protection your family needs.
Accelerated Underwriting and Life Insurance: How Does It Work?
While some insurance companies have been offering accelerated underwriting for years, others are just coming on board, and many insurers don’t offer it yet. It is not a distinct type of life insurance; it’s just a faster process for issuing policies.
Accelerated underwriting allows qualified applicants to purchase a regular term life insurance policy that doesn’t require a paramedic to visit the applicant’s home to collect blood, urine and vital signs. It also doesn’t require the applicant’s physician to submit a written statement about the applicant’s health history or provide copies of the applicant’s medical records. Eliminating these steps drastically speeds up the approval process.
Life insurance that uses an accelerated underwriting process is not the same as guaranteed issue life insurance, which has higher premiums, limited death benefits and a death benefit waiting period but is available to anyone regardless of health. (For more, see Life Insurance Without a Physical Exam: What’s the Catch?)
It also isn’t the same as simplified issue life insurance, explains Samuel R. Price, an independent insurance broker with Assurance Financial Solutions in Birmingham, Ala. “Simplified issue means that there is no requirement for a physical exam, but your expectation is that you’re going to pay more in premium than someone who went through full underwriting,” he says.
Accelerated underwriting also shouldn’t be confused with the accelerated benefits riders that many life insurers offer to make it possible to use part of your policy’s death benefit while you’re still alive if you become terminally ill.
How Much Insurance Can You Buy with It?
Policies that offer accelerated underwriting will have a minimum death benefit amount, typically $50,000 or $100,000, as well as a maximum death benefit that is usually no higher than $500,000 or $1 million. In some cases the maximum policy amount allowed with accelerated underwriting depends on your age. Protective Life, for example, offers policies of $100,000 to $1 million to applicants ages 18 to 45, and policies of $100,000 to $500,000 to applicants ages 46 to 60. Legal and General America has a multi-tiered system depending on age and term.
Getting an accelerated underwriting policy doesn’t exclude you from other benefits associated with traditional, fully underwritten term policies, such as level premiums, term-to-perm conversions, continued coverage at higher rates after the policy’s term expires and riders for accelerated benefits or waiver of premium. (For more, see Let Life Insurance Riders Drive Your Coverage.)
Are You a Candidate?
The ideal candidate for accelerated underwriting is someone who is in the age range and seeking a policy amount within the limits the insurer allows, as described in the previous section. The applicant should also have no major medical conditions (such as cancer, diabetes or hypertension) and no biological parent or sibling who died from heart disease or cancer before age 60. Healthy blood pressure and cholesterol levels are also key.
Certain non-health factors also matter: You should have no history of bankruptcy in the last five to 10 years, no history of driving recklessly or under the influence within five years, no more than two moving violations in the past three years and no felony charges or convictions. Requirements vary by insurer.
Why do insurers look at factors that aren’t related to your health? P. Shaun McDuffee, AEP, CLU, ChFC, CEPA, senior vice president and senior partner with North Star Resource Group in Austin, Texas, says that insurers have found that better credit scores equate to a longer life. If certain negative risk factors show up during the information-gathering phase or if not enough positive risk factors are present, you may need to proceed with full underwriting to get approved, especially at the best rates (preferred or super preferred). You’ll then have to complete a medical exam and get a doctor’s statement, which will lengthen the application process. (For more, see What to Expect When Applying for Life Insurance.) “For example, an applicant of mine – a female, age 35, in great health – was required to go through the normal [underwriting] process [due to] removal of a skin tag by a dermatologist within three months of the application,” says Chris Acker, CLU, ChFC, and owner of CB Acker Associates Insurance Services in Palo Alto, Calif. “Most accelerated programs operate in the same fashion.”
Finally, be aware that some insurers randomly require certain applicants to go through full underwriting even though they might qualify for accelerated underwriting.
How Much Faster Is It?
Life insurance experts say that traditional underwriting can take anywhere from two or three weeks to 12 weeks. Accelerated underwriting, however, can take less than 24 hours, depending on the insurance company. Several insurers offer a 48-hour turnaround.
In addition to skipping the exam, completing the entire application process electronically and by phone instead of via paper and mail dramatically speeds up approvals. Insurers can obtain the data they need instantaneously from the Medical Information Bureau, credit bureaus, motor vehicle departments, pharmacy databases and other sources. Approval can occur as soon as immediately after the phone interview.
Does It Mean Higher Premiums?
A client who qualifies for accelerated underwriting will generally pay the same premiums as someone who undergoes full underwriting, Acker says. “This is because the insurance company may still request full underwriting based on results of a detailed personal history interview,” he explains. “This is unlike true guaranteed issue or non-medical life insurance policies, where no physical exams are ever required. Carriers charge a significantly higher premium for these plans, since they know that mainly unhealthy consumers will choose these products.”
Pay attention to the rating you can get under this process. If the insurer only offers standard rating to express underwriting applicants, the policy will be more expensive than if the applicant went through the full underwriting process and qualified for one of the better, less expensive insurance risk classes given to applicants in good to excellent health: standard plus, preferred or preferred plus. Also, McDuffee says, the accelerated underwriting process might give applicants a preferred or standard rating due to their imperfect credit history, while they could get super preferred if they did full underwriting, due to their excellent health.
The Bottom Line
Accelerated underwriting is an exciting development in life insurance that consumers can expect to become increasingly common as more insurers adopt the process. If you’re in very good to excellent health – and have good credit and a clean driving record – there’s a good chance you’ll be approved. A qualified insurance broker can tell you more about whether you might qualify and help you find the life insurance policy that offers the best value for your situation.
Read more: Accelerated Underwriting Makes Life Insurance Easy | Investopedia https://www.investopedia.com/insurance/accelerated-underwriting-easy-life-insurance/#ixzz59NxA6VUw Follow us: Investopedia on Facebook
from Best Insurance Quote https://www.bestinsurancequote.io/accelerated-underwriting-makes-life-insurance-easy/
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The life insurance retirees don’t need
When one is retired, cash flow matters. For many people, life insurance premiums can be a large budget item, and over a 25-year retirement, can be an enormous outlay. I work mainly for retirees and like to make sure these long-term trends are needed and working in their favor.
Life insurance is definitely needed during many different points in life. Planning for the possibility of a breadwinner’s death, replacing income, paying off the mortgage, setting up children’s college funds, and providing liquidity to pay estate taxes are all excellent reasons to have life insurance.
However, those needs come and go. The mortgage gets paid off. One spouse retires. Children are grown and educated. Or most recently, there may be a need to reduce your life insurance coverage, because the likelihood of paying estate tax has been significantly reduced by the new tax package.
Do you just cancel the life insurance when that happens? Not without careful consideration, but consideration there must be. Often people do keep coverage that is no longer insuring any risks or serving a clear purpose. The premiums get paid out of habit, momentum or who knows why. Should you keep paying the premiums? Maybe not.
Many life insurance policies were purchased for paying an estate tax that is often no longer needed. I remember from when I started as an advisor that the federal estate tax exemption was $1,200,000 for a couple, and it is now above $22 million. That means you generally need to have an estate of more than $22 million to owe federal estate tax, with some basic planning.
While the estate tax exemption could be reduced in the future, as it has bounced around a bit over the last 25 years, it seems politically probable to not have the estate tax affect middle America, even upper-middle America. So, you may not need that insurance coverage any longer and may still be paying for it.
It could be worse than that. The policy may have been purchased with a projected interest rate that is triple or quadruple the interest rate actually earned, and it will likely implode in the future – end up being canceled before you die. After paying all those premiums?! Yes, it could run out of cash value and be cancelled.
We are still in what has been at least a decade-long period of extremely low interest rates, and the cash values required to be in your policy to pay or subsidize your future premiums may not be quite the cash value the original agent was hoping. That means you should be paying attention to your cash value life insurance policies if you want them to continue. Internal annual insurance costs go up exponentially in your 60s and 70s.
What should I do? Canceling a poorly performing (declining value/imploding policy) or no-longer-needed life insurance policy can have a significant tax cost. There are options on handling the cash value without taxation, or it may be best just to take the cash value. Evaluate your policies and ask someone who is not selling you anything.
An insurance agent can make a substantial sale replacing your imploding policy with a new one, and admittedly that may be the right move. But first, you might talk directly to your insurance company and ask them if your policy might likely continue at current interest rates. Ask them how your policy is doing. “Is the policy going to give the results I want with reasonable assumptions?” is a fair question.
Consider whether you just want to keep the policy so your family receives the extra dollars at your death. Are the premiums affecting your lifestyle? Most importantly, do you really have a need for the insurance? Be sure to consider all options and obtain all relevant information before taking any actions that could potentially affect your retirement.
Read More: http://www.capegazette.com/article/life-insurance-retirees-don%E2%80%99t-need/151855
from Best Insurance Quote https://www.bestinsurancequote.io/life-insurance-retirees-dont-need/
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Simply Money: What kind of life insurance do you need?
Tyler from Oakley: My wife and I have a 6-month old daughter. What type of life insurance should we be getting?
Answer: Life insurance is there to protect your family financially in case you were to pass away; it does that by protecting your stream of income. When selecting the right life insurance policy for you and your family, there are a few things you want to consider.
You first want to determine how much your family would need annually to support their lifestyle. You also want to factor in any debts that will need to be paid off, such as the mortgage or education for your daughter. Once you’ve determined the correct amount, you have two general options: permanent life insurance and term life insurance.
Term life insurance is suitable for most families if there’s a need for protection. With term insurance, you select a certain period of time you would like to protect. The most common policies are for 10, 20, and 30 years. So, for instance, if you think your daughter will be out of house, her education will be paid for, and the mortgage will be paid off in 20 years, you might opt for a 20-year policy.
Permanent life insurance, also sometimes called ‘whole life,’ is more expensive and covers your entire lifespan. It can also be more complicated. This type of policy is most appropriate if you have a child with special needs, a large estate, or business needs.
As a word of caution: this type of life insurance is sometimes sold as an ‘investment.’ However, the extra premium you pay for permanent insurance should never be considered an investment. You’re essentially betting that you’ll die sooner than the insurance company actuaries think you will. They have carefully calculated the time value of your excess payments (net of their profit and commissions paid) and return that at death with a little interest added on.
There’s also an option called ‘self-insuring.’ As the name implies, this is when you have enough in savings to cover your family and their expenses, so no insurance policy is needed.
The Simply Money Point is that if you’re looking for a more affordable option, term life insurance may be the way to go. However, since everyone’s situation is different, Simply Money Advisors recommends working with a trusted financial planner (preferably a Certified Financial Planner
). A personalized financial plan can help determine the best type of insurance – and the amount – to meet your family’s needs.
Anthony and Becky from Western Hills: Should tax reform change how we think about saving for retirement?
Answer: As of right now, the Tax Cuts & Jobs Act doesn’t have too much of a direct impact on your retirement savings accounts. But there are a few considerations to keep in mind as you plan for retirement.
First, there’s a good chance your take-home pay is now a little higher since this new law lowers tax rates. Use this to your advantage and save that money. Even better, save the money in a Roth IRA if you’re eligible (or Roth 401(k)) – you pay taxes on the contributions now, but you’ll get tax-free growth. This essentially ‘locks in’ your tax rate at these lower tax rates.
Second, there’s been a big change to what’s called a Roth IRA ‘recharacterization.’ Under the new law, recharacterization will no longer be allowed. Here’s what that means: As explained above, with a Roth IRA, you contribute after-tax dollars, meaning when you take a distribution at age 59 ½, you don’t have to pay taxes on your earnings (assuming you’ve also held the account for at least five years).
In the past, some retirees would convert their traditional IRA assets (and its pre-tax money) into a Roth IRA account at the beginning of each year and pay the taxes on that conversion. However, if the market didn’t do well, or an increase in income bumped them into a higher tax bracket, they could decide to recharacterize that money – essentially, undo the conversion.
Now, if you do a Roth conversion, you must be 100% sure that’s the direction you would like to go and it makes sense for your financial goals and objectives. There are no longer any chances for do-overs.
The Simply Money Point is that no one fully knows the direction tax laws will take in years to come, so it’s important to save what you can now and take advantage of tax-favored accounts, such as a Roth IRA or Roth 401(k). Work with a trusted financial planner to strategically plan as much as possible.
Read More: https://www.cincinnati.com/story/money/2018/03/08/simply-money-what-kind-life-insurance-do-you-need/407712002/
from Best Insurance Quote https://www.bestinsurancequote.io/simply-money-kind-life-insurance-need/
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Divorce and Car Insurance in Wisconsin
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Will a DUI Affect Car Insurance in Wisconsin
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Flooding not covered under your regular homeowners insurance
he combination of melting snow and heavy rainfall will bring Michigan’s already swollen river levels up — which means that flooding is possible. A flood watch is in effect for all of West Michigan through Wednesday.
To be covered from flood damage, property owners must purchase a policy from the National Flood Insurance Program (NFIP). Regular homeowners insurance won’t cut it.
“People may think they don’t need flood insurance, but considering that even just an inch of water can require a property owner to replace carpet, drywall, floor boards, moldings, doors and other belongings, it may be a coverage that they want to purchase from the federal government program,” said Lori Conarton, communications director for the Insurance Alliance of Michigan.
Flooding can occur in any season in Michigan, and NFIP estimates that 90-percent of all natural disasters involve flooding. Small amounts of water can cause tremendous damage.
Property owners should also be aware that coverage for water back up in basements — such as drain and sewer back up — is excluded from the flood insurance policy. That is optional coverage through most insurance companies. Coverage and limits vary by company, so check with your agent or company about specifics. Some insurers include full coverage for sump pump failure while others specify items that are covered.
Vehicles damaged in floods are covered by the comprehensive portion of your auto policy. Comprehensive coverage is optional in Michigan, so you should check with your insurance agent to make sure your covered.
Read More: http://www.wzzm13.com/news/local/michigan/flooding-not-covered-under-your-regular-homeowners-insurance/520592237
from Best Insurance Quote https://www.bestinsurancequote.io/flooding-not-covered-regular-homeowners-insurance/
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In eastern Wisconsin, we’re using fewer health-care services and still paying more
People who get health insurance through their employer are going to doctors and hospitals less, but they and their employers still are spending more money on health care.
The reason: Prices keep going up.
From 2012 through 2016, health care spending for commercial insurance plans increased by an estimated 17.3% per person in eastern Wisconsin, compared with 15% nationally, according to an analysis of insurance claims by the Health Care Cost Institute.
The cost of living in the same four-year period increased by roughly 5%.
In short, health-care spending increased at roughly three times the inflation rate, even though people were using the same amount or fewer health care services.
“It’s becoming increasingly clear that our health-care spending problem is really a problem of prices,” said Hannah Neprash, a health economist and an assistant professor at the University of Minnesota.
That admittedly isn’t a surprise to anyone who has gotten a hospital bill.
But the analysis by the Health Care Cost Institute suggests that although health systems and physicians in eastern Wisconsin and nationally may be working to control costs and become more efficient, they also haven’t been reluctant to raise prices to maintain their profit margins.
From 2012 through 2016, prices in eastern Wisconsin increased by:
22.85% for inpatient hospital services.
16.76% for outpatient services
16.71% for professional services, such as physician fees.
30.3% for inpatient surgery.
None of this bodes well for controlling health-care costs — which account for a significant part of workers’ total compensation and take a chunk out of their take-home pay.
The increases also suggest that the ability to rein in health systems’ prices is limited.
The willingness of health system CEOs to raise prices while acknowledging that health-care spending is on an unsustainable trajectory may be a vestige of the days of cost-plus reimbursement.
“That mentality lives on — the mentality that we have a certain level of costs for providing the services we provide and we are entitled to be compensated for those costs,” said Chapin White, a senior policy researcher in health economics at the nonprofit think tank RAND Corp.
“It is consistent with the noble mission of serving your community.” White added. “But it also is defying basic economic reality.
“We need to be able to have some control over how much we spend on hospital care as a society, and employers who are providing health benefits should not be on the hook for financing hospitals at whatever level hospitals think is appropriate.”
That mindset may be seen in the increase in what commercial health plans spent on inpatient surgery.
The number of inpatient surgeries fell 12.59% from 2012 through 2016, while prices increased 30.03% in eastern Wisconsin, based on the Health Care Cost Institute’s data.
As a result, total spending on inpatient surgery increased 13.66% in the four-year period.
“Here is a place where the entire payer community should be focusing,” said Dave Osterndorf, a consultant and chief actuary at Health Exchange Resources in Glendale.
Prices for surgeries done at a hospital historically have been high — and yet health systems still raised prices, he said.
The same trend can be seen nationally: The number of inpatient surgeries decreased by 16.01%, but prices increased 29.96%.
The price increases suggest that hospitals raised prices to offset — or, in this case, more than offset — the drop in the number of patients.
The Health Care Cost Institute’s data also show that one of the characteristics of the market in eastern Wisconsin is that the prices of physician and other professional services are far above the national average — 58.7% higher.
“We have a lot of specialists in this marketplace,” Osterndorf said.
At the same time, the higher cost is partly offset by lower utilization of those services.
That could indicate the physicians do a better job in managing complex patients, Osterndorf said.
A 2014 study done by consulting firm Milliman for the Greater Milwaukee Business Foundation on Health also found that physician fees in southeastern Wisconsin were almost 50% higher on average than in other Midwest markets for commercial health plans.
Brian Potter, senior vice president of finance and chief operating officer of the Wisconsin Hospital Association, said the Health Care Cost Institute’s methodology is not transparent.
He also noted that the study conflicts with one done by Milliman that found payments to hospitals from commercial health plans in southeastern Wisconsin increased an estimated 8%, compared with 14.4% nationally, from 2012 through 2015.
Hospital care accounts for 30% to 35% of commercial health plans’ total costs.
Without question, health systems provide certain valuable services at a loss — a requirement to maintain their nonprofit tax status — and always have a long list of needed services that they would like to provide.
And some hospitals lose money. For example, Wheaton Franciscan-St. Joseph and Columbia St. Mary’s Hospital in Milwaukee, both part of Ascension, and Aurora Sinai Medical Center lost money in 2016, the most recent year that information is available from the Wisconsin Hospital Association.
Other hospitals, though, are quite profitable. Froedtert Hospital reported net income of $138.7 million and Aurora St. Luke’s Medical Center and Aurora St. Luke’s South Shore reported net income of $172.7 million in 2016.
Health systems also spend heavily on services to generate additional revenue and protect their market share, and those services often increase their costs.
Economists are increasingly focusing on the pricing power held by some health systems and other health-care providers, citing the effect that consolidation has had on prices.
In other sectors of economy, companies typically can’t simply raise prices. Whether the same constraints exist in health care is a question.
“They really don’t get rewarded for holding prices down,” Osterndorf said.
Few people pay attention to price once they reach the deductibles in their health plans. And most of the cost of health care for workers is hidden in the form of lower wages.
“That is a diffuse and invisible price tag,” White said.
Speaking last summer at the annual symposium held by the Center for Sustainable Health Spending, White cited a study in Indiana that found that the prices that private health insurance plans pay for outpatient services can be four times or more than what Medicare pays for the same services.
The Health Care Cost Institute’s national data are based on medical claims for 39 million people under the age of 65 who get health insurance through an employer.
The medical claims are from insurance companies including Aetna, Humana, Kaiser Permanente and UnitedHealthcare.
The data, which came only from eastern Wisconsin, contain medical claims for about 31% of the people who get health insurance through an employer in the state.
UnitedHealthcare has the largest market share by far in eastern Wisconsin, particularly in the southeastern part of the state, and is a reasonable benchmark for the prices that commercial health insurers pay for medical services.
The trends in eastern Wisconsin also are largely in line with other parts of the country.
“You can pick most states and see the same things,” said John Hargraves, a senior researcher at the Health Care Cost Institute.
Price increases apply only to commercial health plans because Medicare and Medicaid both dictate the prices they will pay. And the Health Care Cost Institute is permitted to use the claims data but cannot disclose any specific prices negotiated between commercial health insurers and health systems.
“It’s hard to get your hands on useful price data for private health plans,” White said. “There’s just a lot of mystery in prices and price trends.”
The Health Care Cost Institute’s data, while not definitive, has become one of the best sources for trends in health care spending for employers and employees.
Neprash, the health economist at the University of Minnesota, described the Health Care Cost Institute as a “uniquely detailed source of data.”
Several states — including Minnesota, Massachusetts, Colorado, Oregon and Maryland — have claims databases that are tracking and reporting costs and prices. Maryland, for example, has a new website that discloses prices for specific services at specific hospitals.
Wisconsin also has a claims database but for now is tracking only the utilization of services.
Other studies also have pointed to higher prices as the reason the United States spends 50% more than any other developed country on health care.
The studies — including a 2004 paper titled “It’s the Prices, Stupid” — counter the widely held belief that the U.S. spends more on health care because people use more health care.
Americans overall use fewer services than people in other developed countries.
“It’s a story about prices,” Neprash said. “It’s not about how much health care we use.”
Read More: https://www.jsonline.com/story/money/business/health-care/2018/02/19/eastern-wisconsin-using-fewer-health-care-services-and-still-paying-more/339497002/
from Best Insurance Quote https://www.bestinsurancequote.io/eastern-wisconsin-using-fewer-health-care-services-still-paying/
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Car insurance rates hit all-time high – study
National car insurance premiums are at an all-time high, shooting up 20% since 2011, according to insurance search engine The Zebra.
The Zebra released the findings in its annual State of Auto Insurance Report. The report showed extreme pricing volatility in recent years and raised questions about how the industry is reacting to changes in weather, driver behavior, legislation and technology.
“Insurance companies leverage thousands of data points to determine car insurance rates – things like your age, driving record, and even your credit score,” said Adam Lyons, founder and executive chairman of The Zebra. “Today, we’re also seeing extraordinary forces like overnight tech innovation and devastating natural disasters impact rates.”
The report examined more than 52 million auto insurance rates across all US zip codes. Among its key findings:
Car insurance rates in the US are higher than they’ve ever been. The national average annual premium is $1,427 – a 20% hike from 2011. Some cities have an average annual premium of more than $6,000.
The most expensive state for car insurance was Michigan, followed by Louisiana and Kentucky.
The most expensive city for car insurance was Detroit, followed by New Orleans and Hialeah, Fla.
Care insurance rates have shown significant volatility. In some states they’ve increased more than 60% since 2011, while others have seen increases as little as 1%. Ten states actually had net decreases, some by up to 20%.
Rate changes from one year to the next were as high as 9% nationally and up to 45% in some states.
Read More: https://www.insurancebusinessmag.com/us/news/breaking-news/car-insurance-rates-hit-alltime-high–study-92566.aspx
from Best Insurance Quote https://www.bestinsurancequote.io/car-insurance-rates-hit-time-high-study/
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Why Free Life Insurance at Work Might Not Be Enough
BARBARA MARQUAND
January 25, 2018
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Life Insurance
Free life insurance at work is a sweet deal. The employer pays for the coverage, and all you have to do is sign up during open enrollment for employee benefits.
But a pitfall awaits: While accepting the perk is a no-brainer, relying on it as your only coverage is risky if anyone depends on you financially.
“In many cases that coverage may not be enough,” says Todd Katz, executive vice president at MetLife.
Why you may need more life insurance
For the first time ever, more Americans are covered by employment-based life insurance than by individual policies they buy outside of work, according to LIMRA, a life insurance research and consulting group.
The troubling part? Most people rarely revisit the issue after signing up for employer-sponsored life insurance, and 44% never change their coverage, according to LIMRA research.
Rachel Podnos, a certified financial planner with Wealth Care LLC in Washington, D.C., sees that phenomenon among her clients. Asked if they have coverage, most say they have life insurance through work.
“But they don’t even know how much coverage they have,” she says. “Most of our clients come to us with inadequate life insurance.”
Typically, when employers offer life insurance benefits, the free coverage is equal to one or two times the employee’s annual salary, or it’s a small, flat amount, such as $50,000. The coverage ends when you leave the job. That’s fine if you don’t need life insurance; for instance, if you’re single and have no financial dependents or debts that would fall on others.
But you probably need more coverage if you have a family. One or two years’ worth of salary wouldn’t be enough to pay off the house, send the kids to college and support financial dependents for much time.
How to get the life insurance you need
Here’s what to do to make sure you have the right amount of coverage:
Decide if you need life insurance. Not everyone does, Podnos says. The test: If someone would suffer financially upon your death, then the answer is yes. Does anyone depend on your income? Would anyone be stuck paying off your debts?
Calculate how much coverage you need. Think about how much money your financial dependents would require if you died tomorrow. Craig Simms, senior vice president and chief marketing officer at Vantis Life Insurance Co., recommends parents buy at least enough coverage to pay off the mortgage and send their kids to a state university. In addition, decide how many years of income you’d like to replace.
Decide how long you need life insurance. There are two main types of life insurance: term and permanent, such as whole life. Term life provides coverage for a certain period, such as 10, 20 or 30 years. Permanent life insurance lasts your whole life, no matter when you die. Term life is sufficient for most people, Podnos says, and it’s affordable. Choose a term long enough to cover the years you’re raising kids and paying off debts. Ideally, at the end of the term, the kids are independent, there’s enough savings to provide for a spouse, and you no longer need life insurance.
Shop around. You can buy an individual policy through an agent or directly from an insurance company. Getting quotes online is easy, and a growing number of companies offer quick, online life insurance applications.
Many employers also offer the opportunity to buy additional term life insurance — beyond the free coverage — through their brokers. Unlike the free coverage, the life insurance you buy is usually portable, which means you keep it after leaving the job.
Buying through employer vs. on your own
Both ways of purchasing have pros and cons.
“The employer has already gone out and vetted carriers and shopped for the most competitive products,” Katz says. “It’s a very streamlined, convenient process.”
And if you have a health condition, it may be easier to qualify for coverage through the employer than if you shopped for a policy on your own. Every employer is different, but typically you won’t have to supply any medical information if you buy the additional coverage when enrolling in benefits as a new employee, Katz says. You probably will have to answer a health questionnaire if you wait to buy additional coverage during open enrollment in later years.
The disadvantage of buying through the employer is that the coverage offered still might not fit your needs, Simms says. And if you’re young and healthy, you might find less expensive coverage elsewhere.
Katz says to ask these questions if you’re thinking about buying coverage through an employer:
Can I buy enough to meet my needs?
Can I keep the coverage after leaving the job?
What will it cost now and in the future?
What do I have to do to apply?
Will I pay by payroll deduction or some other way?
Whether buying additional coverage on your own or through work, the key is to get enough. For the sake of loved ones, this is a decision that requires more than just checking a box during open enrollment.
Read More: https://www.nerdwallet.com/blog/insurance/life/free-life-insurance-work-might-not-enough/
from Best Insurance Quote https://www.bestinsurancequote.io/free-life-insurance-work-might-not-enough/
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