article thumbnail

Make the Most of Free Money

Money Talk

Life Insurance - This is money transferred to a beneficiary via a deceased person’s life insurance policy. Like inheritances, life insurance is generally not subject to income tax. Inheritances are not considered taxable income by the federal government but earnings on inherited assets (e.g.,

article thumbnail

2022 Personal Finance Year in Review

Money Talk

Inflation Impacts - Higher prices affected the following household expenses: food, restaurant meals, apartment rents, air fares, child-rearing expenses, and utility bills. Homeowners insurance premiums increased by 12.1% on average and renters insurance premiums averaged $18 per month. A majority of Americans (i.e.,

Finance 244
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Financial Shocks: What You Need to Know

Money Talk

childcare, food, insurance, rent, utilities) ¨ Car accidents ¨ Disability ¨ Divorce ¨ Large home repairs (e.g., unemployment, SNAP, life insurance beneficiary payout) ¨ Earn additional income (e.g., Examples of financial shocks are plentiful and include the following: ¨ Big spikes in expenses due to inflation (e.g.,

article thumbnail

Life insurance for parents: Everything you need to know

Higginbotham

While it’s impossible to predict the future, securing life insurance can help provide for your children’s needs in case you’re not there as they grow up. How much life insurance do parents need? Expenses may include funeral costs, groceries, utilities, insurance, mortgage and educational costs.

article thumbnail

Employee Benefits Providers: What Employers Need to Know

Empuls

Data analytics and reporting : Providers use data analytics to track the utilization of benefits programs and identify areas for improvement. UnitedHealthcare : UnitedHealthcare is one of the largest health insurers in the United States, serving millions of members nationwide.

article thumbnail

Study Predicts 8% Group Health Plan Cost Increase for 2025

InterWest Insurance Services

The higher rates reflect the costs borne by health insurers, which are seeing more claims for care that was postponed during the COVID-19 pandemic and a steady rise in the cost of pharmaceuticals as more innovative and effective drugs come to market, according to the study by PricewaterhouseCoopers.

article thumbnail

Commissioner Orders Benchmark Workers’ Comp Rate Reduction

InterWest Insurance Services

The higher rates reflect the costs borne by health insurers, which are seeing more claims for care that was postponed during the COVID-19 pandemic and a steady rise in the cost of pharmaceuticals as more innovative and effective drugs come to market, according to the study by PricewaterhouseCoopers.