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Does Your Employer-Provided Life Insurance Offer Sufficient Coverage?
Posted by Randy Jones Insurance Services
The best job offerings come with numerous benefits. These benefits include insurance benefits, paid leaves, allowances, and many others overseen by the personnel department to motivate employees. However, if your employer provides group life insurance for staff members, it is rarely ever the case that this plan is sufficient by itself. When Can…
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What You Need to Know about the Average Life Insurance Payout
Posted by Randy Jones Insurance Services
Have you ever wondered? What is the average life insurance payout? How much will your loved ones likely be paid if they ever claim on your insurance life policy? The answer is around $600,000. This figure is the average purchased face amount of a term life insurance policy. Consequently, it is the average…
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What Is 30-year Term Life Insurance and How Does It Work?
Posted by Randy Jones Insurance Services
The 30-year term life insurance is an insurance policy that provides its users with life insurance coverage for 30 years. However, it requires you to pay your premiums periodically to make good use of its benefits. This insurance coverage spans 30 years. For this reason, most insurance companies do not issue the policy…
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Should You Enroll for Medicare If You Are 65 and Still Working?
Posted by Randy Jones Insurance Services
It seems wise for a 65 or older employee who is covered under group health insurance to sign up for Medicare, as it can help minimize out-of-pocket costs. However, Medicare is complicated, and there are many caveats and some surprise expenses that need to be avoided. Let's understand the different scenarios when a…
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How Does Health Insurance Typically Work in the U.S.?
Posted by Randy Jones Insurance Services
The necessity of taking out health insurance cannot be overemphasized as healthcare costs continue to skyrocket. Each doctor's office visit can cost up to several hundred dollars in the U.S. Additionally, a few days of hospital admission can incur a cost of tens of thousands of dollars. Health insurance coverage helps cover your…
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