Tag: Life Insurance 2

Life Insurance Buyer's Guide

How to determine how much life insurance you need How much of your family income do you provide? If you die early, how much money would your survivors need for daily living? What about others who might depend on you financially or personally? Do you need to consider childcare expenses? Looking forward, how much will it cost for your child’s education? Will you need money for final expenses, such as funerals, unpaid...

Nine Reasons to Check Your Insurance Coverage

As our lives change, so do our insurance needs. Here are some examples of when to check your coverage: 1. You’re remodeling or building an addition to your property. In some cases, remodeling projects can increase your home’s reconstruction cost and you may want to adjust your homeowners insurance coverage. (Whenever you hire a contractor, be sure you request a certificate of insurance to confirm...

Denial, Fear and Confusion

Have you contacted anyone about your life insurance or long-term care insurance? The purpose of these policies is to provide you and your family a safety net should you become too incapacitated to stay at home, or should you die. It’s not pleasant to think about one’s mortality or incapacity, but it is a reality. Refusing to confront, or procrastinating about, the need for long-term...

Key Employee Disability Income Insurance

Sometimes considered the companion policy in a key employee package, key employee disability income insurance is often included along with life insurance. The probability of a key employee becoming partially or totally disabled is actually greater than the probability of death during employment. The key employee disability insurance will pay the firm anywhere from 40 to 70 percent of the disabled employee’s income. Should the...

Key Employee Life Insurance

Would losing a key employee cause negative financial consequences for your company? A National Association of Insurance Commissioners (NAIC) survey found that 71 percent of small businesses reported they were very dependent on one or two key people for their success. Life insurance can compensate a business for an expected loss of income, or increase in expenses to search for a replacement in the event...