There are two main types of life insurance: term and whole life. For many individuals, navigating the waters between these two types of policies can be confusing. Each type has very unique advantages and disadvantages.
Term v. Whole
A term life insurance allows you to choose the amount of coverage and the length of the policy. You pay your premiums and your survivors receive the payout if you pass away while covered. Whole, or permanent life insurance combines an investment product with life insurance, allowing you to receive a
Sometimes knowing what is not included in your policy is just as important as knowing what is included in your policy. Experts in the insurance industry recommend evaluating your homeowner’s insurance policy at least once a year, but between the fine print and tiny typeface, it can be difficult to truly see what is covered, and more importantly, what is not. The sheer length of many insurance policies may fool you into thinking that you are covered. After all, a dozen or more pages of coverage ought to cover
Every business has property. Even if you work from home, you most likely use a computer, printer, and office desk or table. Whether you are working out of your basement, or you have an industrial factory and warehouse, where you do business matters. Protecting the equipment, inventory, and the walls that surround your business is crucial.
When disaster strikes, many individuals worry about their home and their family. But what about your business and your employees? Most families take adequate steps to protect their home, but few provide adequate
When starting a new business, there is no question of whether or not you need coverage. A brand new business is vulnerable to a mountain of liability and protecting your life savings, your dream, and your passion is not debatable. Every entrepreneur needs some form of small business insurance, but most new CEO’s are working to pinch pennies, stretch every dollar, and get their business of the ground.
At the end of the day, there is generally not a lot left in the budget for a large insurance policy.
An update to your home often means updating your insurance policy to match your new space. Weekend warriors are often eager to remodel the kitchen or renovate a bathroom, but forget that those new stainless steel appliances require higher insurance coverage, and that jetted tub needs to be included in the policy as well.
Prior to making any renovations, it is always recommended to contact your local insurance agent and inform them of your plans. Of course, this is not to ask permission, but merely get advice,
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