Is dental insurance tax deductible?

June 30, 2024 No Comments

A: Dental insurance premiums may be tax deductible. To be deductible as a qualifying medical expense, the dental insurance must be for procedures to prevent or alleviate dental disease, including dental hygiene and preventive exams and treatments. Dental insurance that is for purely cosmetic purposes,

Is dental insurance tax deductible?

July 7, 2024 No Comments

Is homeowners’ insurance tax deductible?

June 30, 2024 No Comments

A: While your fire or homeowners’ insurance premiums may be included in your property payments, they are nondeductible expenses, according to the Internal Revenue Service (IRS). You cannot itemize any payments for insurance, including fire and comprehensive coverage, and title insurance, as deductions in your

Is homeowners’ insurance tax deductible?

July 7, 2024 No Comments

Is there a limit on the amount of disability insurance that I can buy?

June 30, 2024 No Comments

A: Disability insurance policies are designed to partially replace your income in the event that you become disabled and cannot continue to work. To help limit the amount of fraudulent disability claims, it is not feasible for the insurer to replace 100% of the income

Is there a limit on the amount of disability insurance that I can buy?

July 7, 2024 No Comments

Loss Ratio vs Combined Ratio

June 30, 2024 No Comments

A: The loss ratio and combined ratio are two ratios used to measure the profitability of an insurance company. The loss ratio measures the total incurred losses in relation to the total collected insurance premiums, while the combined ratio measures the incurred losses and expenses

Loss Ratio vs Combined Ratio

July 7, 2024 No Comments

Moral Hazard vs Adverse Selection

June 30, 2024 No Comments

A: Moral hazard and adverse selection are two terms used in economics, risk management and insurance to describe situations where one party is at a disadvantage. Adverse selection occurs when there’s a lack of symmetric information prior to a deal between a buyer and a

Moral Hazard vs Adverse Selection

July 7, 2024 No Comments

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