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Finding a good life insurance agent can get confusing. There are so many things that you just don t understand. How about all of the abbreviations on their business cards or in their yellow page ads?

Here s a short list of the most popular abbreviations you will see:

CLU: Chartered Life Underwriter - a professional advertiser in business and family financial security in regards to life insurance. This designation comes from an accrediting institution. A comprehensive course of study and the passing of a series of 10 college level exams is required. They must be knowledgeable in the areas of life insurance, pensions, taxation, finance, economics and business and estate planning. There are strict ethical and experience requirements. It usually takes five years to become a CLU.

LUTCF: Life Underwriter Training Council Fellow -those who meet or exceed the qualification standards of The American College and the National Association of Insurance and Financial Advisors. This designation show (more...)

When it comes to your homeowners insurance, it is best to know what coverages you do and do not have. This can save you a lot of trouble and money down the road.

Hundreds of thousands of Gulf Coast residents were without flood coverage on their insurance. The majority had no idea that their losses would not be covered by their homeowners policies.

But there are many intricacies to insurance. Have you ever read your policy carefully from front to back? If not, you could be opening yourself up to loss. Even if you read it, you should make sure that you understand everything. Don t be afraid to discuss your policy with your agent. That is what the agent is there for.

Keep in mind that no homeowners policy covers damage by flood waters. Some policies even exclude “surface waters” or water blown by wind storms. Flood insurance is available through the National Flood Insurance Program for damage up to $250,000.

Mold is another point of confusion. Coverage can vary dependi (more...)