Now that you have taken the pop quiz and have gotten your results, take a look at the suggested deductible range. This number represents what you will have to pay towards a claim before your insurance company will pay its share of the benefits.
The deductible relates to your monthly premium on a sliding scale. The higher your deductible the lower your monthly premium, and vice versa. The purpose of insurance is to protect yourself from the worst case scenario. If tragedy struck what would be a comfortable amount that you could pay out of pocket towards your claims? This is what you must ask yourself when selecting your plan.
See you next week!