Find Out More

Insurance Articles  |  Insurance Directory  |  Suggest a Site

Most media attention is paid to the rising costs and problems with medical/health insurance. With the costs for health care rising exponentially, it is almost impossible to afford your medical expenses on your own. Therefore medical insurance is the best option to offer you security. Currently, health care spending accounts for about 15% of the total U.S. economy. Unfortunately, over 15% of the population, or 45.0 million people, did not have health insurance coverage in 2003.

In addition to health care insurance, auto insurance is another large expenditure for households. While the cost for auto insurance has slowed to due a declining number of crashes, safer cars, new auto theft technology and fraud-fighting efforts, they still rose over 7% in 2003 and 3% in 2004.

Another type of insurance that is required is homeowners insurance. In an Insurance Research Council poll in 2003, 95 percent of respondents said they had a homeowners or condominium owner’s insurance policy. Unfortunately most residents living in rental properties (64%) do not have insurance, believing they are covered by their landlord’s coverage.

Finally, the other major type of insurance is life insurance. However, the primary business of life insurance companies is no longer traditional life insurance but underwriting annuities. Nevertheless, the sale of such life insurance products as whole life and term life policies in particular remains an important part of the business.

With the wealth of information and companies providing insurance, this site aims to be a resource in your research.