Question 1

How much life insurance do I need?

Accepted Answer

A general rule of thumb is 10 times your annual income, but the actual amount depends on your debts, future expenses, dependents, and existing assets. Our calculator provides a personalized recommendation based on your specific situation.

Question 2

What factors affect auto insurance premiums?

Accepted Answer

Auto insurance premiums are affected by driver age, driving record, credit score, vehicle type and age, annual mileage, coverage levels, deductibles, and location. Our calculator considers all these factors to provide accurate estimates.

Question 3

How do I choose between health insurance plans?

Accepted Answer

Consider your expected medical usage, prescription needs, preferred doctors, and budget. Bronze plans have lower premiums but higher out-of-pocket costs, while gold and platinum plans have higher premiums but lower costs when you need care.

Question 4

What is a coverage gap in insurance?

Accepted Answer

A coverage gap occurs when your current insurance coverage is less than what you need to adequately protect yourself financially. This could mean insufficient life insurance to cover debts and expenses, or auto liability limits too low to protect your assets.

Question 5

Can I get subsidies for health insurance?

Accepted Answer

Yes, if your household income is between 100% and 400% of the federal poverty level, you may qualify for premium tax credits that lower your monthly health insurance costs. Our calculator will determine your eligibility and estimate your subsidy amount.

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