Category: Insurance Resource

Millennials changing The Insurance Landscape

Millennials account for nearly a quarter of the US population – about 77 million. A generation of that size is sure to have an influence on a variety of industries including insurance. Millennials are generally marked by increased use and familiarity with communication, media, and digital technologies. A recent study conducted by Microsoft concluded that: 65% of millennials start interactions with a brand or organization online. 64% of them believe that social media is one […]

What Percentage of population has life insurance?

In America, there is only 57% of Americans that have life insurance coverage. The average American has $168,000 in life Insurance Coverage. The most common age group for people to buy insurance is between 35 and 45. Now let’s compare this to cell phones. The vast majority of Americans have cell phones. Approximately 97% now own a cell phone of some kind almost every user has insurance on their phone just in case something happens […]

Gen Xer And Insurance Policies – The Need For Intentional Planning

If you understand what it means to be a Gen Xer, then you would know that this generation, aside from occupying a high global workforce, embracing tech, and re-inventing history through their experiences, seems to have a massive array of responsibilities on them. The Gen X group born between the 60s and the 80s are tagged as ambition-driven because they seek the best knowledge on surviving the countless expectations laced on them. The responsibilities are […]

What is the Health Insurance Marketplace?

In a nutshell, the health insurance marketplace is a resource where individuals, families, and small businesses can go and compare health insurance plans for coverage and affordability, get answers to questions about their health care insurance, find out if they are eligible for tax credits for private insurance or health programs like Medicaid or Children’s Health Insurance Program (CHIP), and enroll in a health insurance plan that meets their needs.  The law that addresses health […]

How Do Self-Driving Safety Features Affect Your Car Insurance

Many drivers are ready for autonomous vehicles, even if the insurance industry isn’t. And while the safety features of self-driving cars can reduce the risk of accidents, that may not translate to cheaper car insurance premiums for drivers.  The National Highway Traffic Safety Administration says that more than 3,450 people were killed by distracted drivers in 2016, the last time it compiled such data. It notes that sending a text takes the driver’s eyes off […]