In a previous post, I wrote about the importance of life insurance on a key person, key man or key woman. Disability insurance on a key person is also important to a company. The same parameters exist for who should have disability insurance as for who should have life insurance. The person in question could […]
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HURRICANES HARVEY, IRMA & MARIA VS. FEMA & YOUR HOMEOWNER’S INSURANCE
A recent spate of powerful hurricanes brought death and devastation throughout the Caribbean, Puerto Rico, Texas, Florida, and other states along the gulf and up the coast. Hurricanes Harvey, Irma, Jose, and Maria have caused unprecedented devastation of levels never before seen in an area larger than the state of New Jersey. They have caused […]
Read more...FEMA UPDATE FOR CLAIMS FROM HURRICANE HARVEY & IRMA
There was an extension to the filing deadline for a Proof of Loss flood damage claim resulting from Hurricanes Harvey and Irma. The Federal Emergency Management Agency (FEMA) advised all policyholders by mail that the standard 60-day deadline has been replaced. The new Proof of Loss filing deadline is 365 days from the date of […]
Read more...WILL FEMA PERFORM BETTER FOR HARVEY AND IRMA VICTIMS THAN THEY DID FOR SANDY VICTIMS?
There are already thousands of insurance claims for damage caused by Hurricane Harvey and Irma. FEMA expects thousands more claims yet to come. Victims hope for a smooth claims process and accurate payment for damage. But, if the recent past is any indication, these hopes may well be wishful thinking. Hurricane Sandy claims are now approaching 5 years […]
Read more...KEY-MAN INSURANCE
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 […]
Read more...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...Life 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 […]
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