3 Ways Life Insurance Can Help with Estate Planning
Posted: March 7, 2022
3 Ways Life Insurance Can Help with Estate PlanningEstate planning is not just for those who plan to retire, or the elderly – this process is a crucial issue for anyone who wants to protect their assets and their loved ones. Life insurance is one of the most effective estate planning tools, no matter the size or value of your estate. You may be in the process of purchasing a home for your...
General Liability vs. Professional Liability Insurance
Posted: March 4, 2022
General Liability vs. Professional Liability InsuranceIf you own a business, you need to ensure you have the right business insurance. What is right for your company, general liability, or professional liability insurance? It could not be more critical to select the correct type of business insurance for the activities of your company. For many types of businesses, you need both general liability and professional liability coverage. General Liability Insurance: What...
How to Create a Home Inventory
Posted: March 1, 2022
How to Create a Home InventoryAfter a disaster, such as a fire, theft, or a storm, filing a personal insurance claim is a priority. Your insurance company will require you to present a full inventory of your lost or damaged items. A home inventory makes the insurance claims process far more efficient and faster. Any homeowner or renter should take the time to create an inventory of their possessions. The...
What Is Captive Insurance and How Does It Work?
Posted: February 28, 2022
What Is Captive Insurance and How Does It Work?A captive insurance company is a subsidiary owned by a parent organization, established primarily to insure its owner. The captive insurer writes insurance policies for the parent organization and does not insure any other company. It provides risk mitigation for the parent company or a group of related companies. A captive insurance company may be formed: When a parent company is unable to find a...
How to Read a Summary of Benefits and Coverage
Posted: February 25, 2022
How to Read a Summary of Benefits and CoverageThe Summary of Benefits and Coverage (SBC) was created under the Affordable Care Act. It was designed as a standardized tool to help you better understand what is covered by your health plan or to directly compare different health insurance plans. The following is a guide on how to read a Summary of Benefits and Coverage. General Plan Information At the top of the SBC...