Educate yourself about life insurance.

Buy-Sell Agreements

Have you ever heard stories about family businesses ending up in the wrong hands due to a death in the family or an owner choosing to leave the industry? We have. Nothing is worse than being forced to do business with a stranger and having no way out other than an expensive buyout. So how do you avoid that? How do you prepare for changes in the ownership of your business? With a buy-sell agreement that is funded by life insurance. A buy-sell agreement is a legally binding contract between multiple owners of [...]

2022-09-01T12:03:32+00:00September 1st, 2022|

Life Insurance and Retirement

Retirement. A time that many look forward to and often seems entirely too far away. We spend a lot of time thinking about and saving for the time in our lives when we finally get to retire but have you ever considered what will happen in terms of your life insurance? The answer to that depends on your life insurance policy. If you have employer-provided life insurance, you have some decisions to make. When you retire and leave your company, that policy ends and so does its coverage. The good news is you [...]

2022-09-01T12:00:45+00:00September 1st, 2022|

Life Insurance For Minors

When we consider life insurance as adults, we often think about protecting our loved ones after we are gone. Most often we are thinking about covering our debts, paying end of life costs, and providing financial security for the loved ones you leave behind. BUT… Have you ever heard of life insurance for minors? Minor life insurance is life insurance coverage for children ages 0 to 17. It is typically offered in the form of term or whole life insurance; however, some adult policies offer a rider option. With minor life insurance, no [...]

2022-09-01T12:00:45+00:00September 1st, 2022|

Term Life Insurance 101

Term Life Insurance. What is it and how does it work? To put it simply, term life insurance is life insurance coverage that is purchased for a period of time, typically between 10 and 30 years, and if you pass during that time a cash benefit is paid out to your beneficiary. Term life insurance is usually cheaper than permanent policies and most are “level premium”, which means that your monthly premium stays the same for the entire term of the policy. However, unlike permanent policies, term policies have no cash value, no [...]

2022-09-01T12:00:45+00:00September 1st, 2022|

New Job? Let’s Talk Life Insurance!

Congratulations! Nothing is more exciting than starting a new job. Your first few days will likely be a whirlwind of getting to know your new coworkers, learning your new surroundings, and getting adjusted to your new role. At some point, it is likely that HR or your manager will provide you with your benefits and ask you to make decisions when it comes to healthcare, 401Ks, and more. It can feel overwhelming at times, let us help make it a little easier when it comes to life insurance. Employer-Provided Life Insurance. Your employer [...]

2022-09-01T12:00:45+00:00September 1st, 2022|

Life Insurance for Newlyweds

Here comes the bride, here comes the bride… You did it! You survived your wedding day. All of that stress and planning finally paid off and you are married to the love of your life. Congratulations! As you begin the rest of your lives together there are plenty of aspects to consider, from joint bank accounts to where the plates go in your kitchen, combining two lives into one can be a task. Don’t forget to consider life insurance when you are building your dream life together. Life insurance? Yes! Life insurance. Life [...]

2022-09-01T12:00:45+00:00September 1st, 2022|

Life Insurance: Employer Vs Individual

Your employer is offering you life insurance? That is great! But… Many employers offer life insurance as a benefit to employees. The type of life insurance, amount of coverage, and cost to the employee vary from business to business but for the most part, employer-provided life insurance is a great benefit. It can be cheaper than the cost of purchasing your own policy due to employer group rates and in some cases, employers will cover some or all of the premium costs. Employer-provided life insurance also helps to cover any end-of-life expenses and [...]

2021-07-27T14:51:55+00:00April 18th, 2021|

Student Loans & Life Insurance?!

College move-in day is soon approaching and that means you are busier than ever. Between last-minute shopping trips, send-off dinners, and trying to make sure everything is ready to go you are probably wondering if you have missed anything. The truth is you probably did miss one big thing… life insurance. If your child or you are taking out student loans to pay for school, you may want to consider life insurance. Federal student loans are often forgiven if the borrower dies. However, most private student loans don’t offer the same protection. A [...]

2021-07-27T17:58:03+00:00August 13th, 2019|

My Term Life Insurance Policy is About to Expire… Now What?

If you are like most people who purchase life insurance, you likely chose to purchase term life insurance over a permanent policy such as a whole life policy or universal life policy. There are distinct differences between term life insurance and permanent life insurance and reasons to purchase each. If you have a term policy, there will come a time that it will “expire” and decisions must be made. Does a Term Policy Ever Expire? Technically… yes. But it probably doesn’t expire (meaning that you have no option to remain covered) until [...]

2021-07-28T13:46:14+00:00February 15th, 2019|

Life Insurance & Business Owners?

When you think about life insurance you probably think about life insurance to cover your debt, income, children’s education, or funeral costs. However there is another aspect to life insurance that most people do not consider, that is how life insurance comes into play as a business owner and why it is so important for business owners to have life insurance. Whether you built your business from the ground up or inherited it from previous generations, you work hard to maintain the dream that is your business. You likely have employees, family [...]

2018-12-10T14:54:09+00:00September 25th, 2018|
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