Tag: Life Insurance Rocky River

Term Life Insurance

Life insurance policies come in a variety of forms that make it easier for applicants to custom fit the right plan for their needs. Some policies build up cash values, some give coverage for your lifetime, while others cover you for a specific number of years. Some policies let you change from one kind of life insurance to another. There are policies that even give you benefits while you are still...

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...

Life Changing Events

Have you experienced any life changing events that require you to call us about your life insurance? Some example events that would require you to update your policy are listed below: • Marriage • Childbirth or Adoption • Changing Employment • Buying a New Home • Starting a Business • Change in Retirement • Responsibilities for Elderly Parents Make sure you reflect at least annually on your...

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...