What is Key-Man Insurance, what does it do, do I or my company need this type of insurance policy? Key-Man Insurance or Key-Woman insurance is a life insurance policy taken by a company or organization on the life of a key-person within that company. Who Within A Company Should Be Insured with Key-Man Insurance? The […]
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Hurricane Harvey, Now Hurricane Irma And Your Flood Insurance
Hurricane Harvey devastated Houston along with a swath of surrounding small towns. The damages are estimated to be in excess of $180 Billion. Irma hasn’t arrived as yet, but this storm is already being touted as a history maker. As a Category 5 hurricane she has sustained 185 mile an hour winds for over 24 hours. […]
Read more...When To Consider Leaving Your Universal Life Insurance Policy
A question recently asked on Quora: “I bought a universal life insurance policy at age 37. I’m now age 68 and retired. The policy has a death benefit of $50,000 and I’m paying $1000 per year premiums. My wife and I have enough wealth that she won’t need the death benefit. Should I continue paying the […]
Read more...Enough Life Insurance In Case of Emergencies
Do I have enough life insurance to protect my family in the case of an emergency? This is a question that I was recently asked and one that has been repeated over the years. To be straight, maybe even a bit blunt, I have and still answer this question with the following response: In life insurance […]
Read more...Insurance For Your Children or Grandchildren
“How much insurance should I buy for my children/grandchildren?” This question is asked frequently by some parents and grandparents who believe that buying life insurance on their children or grandchildren that they are gifting a form of financial security. The intention is that the insurance could provide coverage for future college costs. This idea is […]
Read more...WORKERS’ COMPENSATION
Workers’ compensation, also known as employers’ liability insurance, is familiar to all who have ever had a job. Every state, including Washington, DC, has a workers’ compensation requirement by law. Texas is the sole exception. By not having insurance, the employer is exposed to unlimited lawsuits by an injured employee verses a benefit plan covered […]
Read more...Affordable Care Act Update – July 2017
Just recently the U.S. House of Representatives rejected a new version of the Affordable Care Act as part of their Repeal and Replace promise. The U.S. Senate rejected another version of the Repeal and Replace plan of the Affordable Care Act. There is a lot of misinformation surrounding these events and the future of healthcare insurance. […]
Read more...Is A Car Covered by Homeowners Insurance Should The Garage Burn Down?
Homeowners Insurance vs. Automobile Insurance The question “If my garage burns down, will my homeowners insurance cover my car?” arose after I posted an article on homeowners insurance. The question has prompted me to offer an answer along with an explanation. While the question of coverage would seem to elicit a simple answer such as […]
Read more...The Anatomy of Auto Insurance Policies
This post will break down the different coverage options in an automobile insurance policy. While we intend for this to be thorough, it will not address every aspect of a policy. You should however, find enough valuable information here that will help you to make sound decisions regarding your automobile insurance coverage. Liability Insurance Every […]
Read more...Taking A Closer Look At Your Homeowners Insurance
If you own a home then you undoubtedly have homeowners insurance. The question that you need to ask is if you are really protected or are you wasting your money? There are a lot os questions, but first, let’s define homeowners insurance: What Is Homeowners Insurance? Homeowners insurance is property insurance that covers a private residence. […]
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