How Much Disability Insurance Do I Need? Did you know that 1 in 4 people will become disabled before age 67? An astounding statistic. That in it self should be everyone’s drive to plan ahead. Disability insurance can replace a portion of your income if you’re ever too sick or injured to work some time…
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What is Whole Life Insurance? Whole life insurance is a type of life insurance that provides a death benefit to your beneficiaries when you die. However, it also has a cash value component, which is money that accumulates over time and can be accessed by you while you are still alive. This cash value can…
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Advantages of Group Medical Insurance for Small Business There is a myriad of reasons Group Medical Insurance has precedence over most plans. The only issue business owner’s face is attracting and retaining the best employees. Numerous surveys have shown offering a comprehensive benefits package that includes healthcare coverage is important. In fact, one survey even showed…
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Full vs. Partial Dual Eligibility: What’s the Difference? Dual eligibility is a term used to describe people who are eligible for both Medicare and Medicaid. This means that they can receive benefits from both programs. There are two types of dual eligibility: Full dual eligibility means that you are eligible for all of the benefits…
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Indemnity Plans for Dental and Vision Care Indemnity plans are a type of health insurance plan that reimburses you for medical expenses after you have met your deductible. They are often less expensive than other types of health insurance plans, but they also have higher out-of-pocket costs. Dental and vision indemnity plans are a type…
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Using Whole Life Insurance Cash Value to Build Your Wealth From the mundane to the profound. Wealthy people who are looking to build wealth and lower their tax bracket usually find great use of Whole Life. Reasons being: Tax-deferred growth: The cash value of whole life insurance grows tax-deferred, meaning that you do not have to…
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If You Own a Business, You Need a Buy-Sell Agreement. A buy-sell agreement is a contract created by business owners to help ensure that if one of the members passes away or becomes disabled or retires then that person’s ownership interest will be sold to the remaining partners or to the company. A life insurance…
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HMO vs PPO: How to Pick Your Health Insurance Plan Health maintenance organizations (HMOs) are a type of health insurance plan that typically offer lower premiums than other types of plans, but they also have more restrictions. One of the biggest restrictions of HMOs is that you have to see doctors and other healthcare providers…
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How to Insure a Home-Based Business. Running a home-based business can be a great way to be your own boss and have more flexibility in your schedule. However, it’s important to make sure you have the right coverage to protect your business and your assets. Homeowners insurance: Your homeowners policy may already cover some of…
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Key Person Insurance vs. Life Insurance: What’s the Difference? In business, every employee is important – but some employees are essential. As a business owner, you have options when it comes to purchasing life insurance. You can provide policies to all employees, but there is more you can do. But what policies should you get…
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