News

How Much Life Insurance Do I Need?

You’ve probably seen one of those commercials. Did you know that we can find you a $250,000 life insurance policy for just $10 per month? The price sounds great. And, without giving it much thought, a quarter of a million dollars probably seems like a great deal of money. And maybe it is the right amount for you. Maybe it’s more than you need. But, maybe it’s less than you really need. How do you decide? There are several factors to consider when calculating the appropriate amount of coverage. Debt Load For [...]

2018-12-10T15:08:24+00:00June 26th, 2018|

Don’t Forget to Properly Name Your Beneficiaries

When applying for a life insurance policy, you will be asked about naming primary and contingent beneficiaries. In my experience, those applying for the policy spend very little time thinking about the answer to this question. And, in reality, for most people at the time of application, there may not be much to think about. “It should go to my spouse.” Yes, it should. If you are to pass away before your spouse. But what if the situation becomes much more complex? First, let’s review a couple of terms mentioned above. A [...]

2018-12-10T15:08:41+00:00June 21st, 2018|

This Isn’t How Your Parents Bought Life Insurance

The best way for me to tell you how easy it has become is a case study. A good friend of mine wanted to get life insurance, but he and his wife never had the time to sit down with me and go through the paperwork. They have 3 kids, multiple commitments in the community, and jobs. Something had to give. Enter electronic applications. We had already agreed on a quote via email and phone so I knew what policies they wanted and how much. I filled out the application on my [...]

2018-12-10T15:09:02+00:00June 19th, 2018|

Insurance Policies Business Owners Often Overlook

Business owners have a full plate. Dealing with clients, employees, and the overhead takes up a great deal of time. When it comes to reviewing your insurance package, often times it comes down to a simple question: “what does the price look like this year compared to last year?” It certainly is tempting to be concerned with only the price. However, as times change, your insurance program needs to change, too. Business owners today are exposed to risks that didn’t necessarily exist when the business was started or those risks have evolved [...]

2018-12-10T15:10:11+00:00June 14th, 2018|

Planning to Transition the Farm

In the United States, family farms account for about 98% of farms. Additionally, these farms produce about 85% of the nation’s agricultural output. Many of these farms have been in the family for decades, for generations. They are, without question, the foundation for our nation’s food supply and beyond. However, a USDA study in 2012 found that 89% of these family farms do not have a succession plan in place and about 70% of the farms were likely to change hands in the next couple of decades. The average age of a [...]

2018-12-10T15:10:35+00:00June 12th, 2018|

Is it time for a new agent?

As an Insurance Educator, it’s my job to ask questions. When was the last time your agent sat down with you and did a comprehensive policy review? Does your current agent shop your policy for you to make sure it’s the most competitive price? Connecting back to my post on LinkedIn a few weeks ago, a good agent is proactive; not reactive. The time for your agent to react is not when you come back to them with a proposal from the competition. Here’s what normally happens: You don’t hear from your [...]

2018-12-07T09:35:28+00:00June 7th, 2018|

Why Business Partners Should Have a Buy/Sell Agreement

Joe and Bob were brothers and owned a feed mill together. They were successful and the business grew each year. Joe’s wife, Kathy, and Bob’s wife, Susan, were close. The two families often did holidays and other events together. Things were going well. It was always their intention to pass ownership of the feed mill to their children. Joe and Kathy had two sons, each of whom expressed interest in running the business someday. Bob and Susan had a son and a daughter. While the son seems to have interests elsewhere, the [...]

2018-12-10T15:11:53+00:00June 5th, 2018|

What is Umbrella Insurance?

In today’s home and auto insurance world, many people are looking for the cheapest and quickest option. Give me the lowest limits with the fewest options and get me through this. In the short run, this may seem like a good idea. But, if you are involved in a claim, and especially if you are found to be at fault or liable in a claim, this bare-bones method may come back to haunt you. In addition to examining your limits of basic coverages and optional coverages within your home and auto policies, [...]

2018-12-10T15:12:29+00:00May 31st, 2018|

Who’s got my info?

Dear Kyle Kintner Notice of Data Breach I got a letter in the mail yesterday stating that I was a part of a data breach! Personal experience that ties closely with my line of work and I’ve never been notified of this before. When it boils down to it most likely all of us have been a victim of this and we might not even know it happened. Some companies don’t bother to inform the individuals involved when this happens. This is also highly illegal. It costs a lot of money to [...]

2018-12-12T09:00:02+00:00May 29th, 2018|

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 [...]

2018-12-10T15:14:45+00:00May 24th, 2018|