Thursday May 8, 2008 - Mother's Day: Insurance Planning

[1:00] ..." sure they have enough coverage for the current value of their home. Auto insurance. Did you notice a 25% discount for drivers are over 65 somehow I found that out someplace yeah that's good and is a 10% discount for those that drive under 5000 miles a year so you can save money for mom and dad in this type of insurance especially now that the company right so you know look at their homeowners a look at their auto insurance next check their Health Insurance. Medicare essar annually over 65 but it does not cover everything so they're going to need a"...

[0:00]" Looking -- mothers day here on WBZ news radio 1030 with certified financial planner Dee Lee and try to help mom get organized and today. We're focusing on mums insurance policies that you may or may not -- Well Anthony. You may have some that are certainly expired they could be from 19109951951 it's possible it is very possible. US are looking through them you know obviously mom and dad on their own home you want to be sure they have homeowner's insurance. The only question they have homeowner's insurance unless they have a mortgage and I guess most people are a lot of people assume that if you paid off the mortgage. Then you don't need home owners insurance and you too of course like some people figure why should I paid at seven or 800 dollars a year. When I never use it from them and so they are you know they literally are running around naked because they don't have the insurance to properly cover. What's the -- also when you did and net worth with mom on did she have jewelry or antique -- covered. And what's current value of their home you might be sure they have enough coverage for the current value of their home. Auto insurance. Did you notice a 25% discount for drivers are over 65 somehow I found that out someplace yeah that's good and is a 10% discount for those that drive under 5000 miles a year so you can save money for mom and dad in this type of insurance especially now that the company right so you know look at their homeowners a look at their auto insurance next check their Health Insurance. Medicare essar annually over 65 but it does not cover everything so they're going to need a Medigap policy. And there are ten standard policies to choose from. AARP is done a great job in setting up a comparison charts and get on our website link right to a hairpiece chart could also on Medicare. Has a 65 page booklet I would recommend it to call and ask for rent and try to download it. But you can help them organize their medical insurance by making sure they're properly covered other than just. On getting Medicare that's trying to find the policies and make sure that they are covered and all of these and rights and look for life insurance policies they may have small old ones you know they say well that's going to pay for my -- could be 10000 dollars to 25000. Oftentimes they've been paid up for many many years and the cash value. Is actually larger than the face value of the insurance and she might be sure that you get all those policies be sure their updated in keeping them unsafe by okay good luck hunting and a fight all the information online at wbz1030.com. Willow more tomorrow here on WBZ news radio 1030"