Insurance is shifting the risk to someone or something that is more likely to be able to handle the catastrophic event.  People often insure their life through life insurance, their income through disability insurance, their business through business overhead insurance, etc.

I Think People Undervalue Stay at Home Parents for Life Insurance Purposes

I believe that the life insurance industry, and probably people in general, completely undervalue a stay at home mother or father when it comes the appropriate amount of insurance.  It is pretty easy to blame the industry insofar as it only takes a bit of not-so outside the box thinking to come to the conclusion that despite not earning income there is an insurable interest. The Bare Minimum Amount of Life Insurance for a Stay at Home Parent Imagine you just lost a parent, what would be the next worst thing that could happen to a child? I would guess having to [...]

By |2019-01-27T13:09:42-04:00January 28th, 2019|Insurance|0 Comments

Things to Remember When it Comes to Personal & Property Insurance

Gone are the days when the people would simply reject the idea of home insurance by considering it a waste of money. Today’s homeowners are smart and informed, and they want the best home insurance covers for their prized real estate. If you are taking a home loan, then most lenders would also require you to get insurance to minimize the risks on their end. If you have home insurance, then you want to use it properly and get the most out of it. The question is, how do you know all the features that come with your insurance, or exactly what’s [...]

By |2019-01-23T08:54:32-04:00January 23rd, 2019|Insurance|0 Comments

How to Save Money on Life Insurance

You’ve seen the ads before on television before telling you that you need to buy life insurance. You’ve also most likely received a few letters in the mail, too. If you have young children and a spouse who depend on you financially, life insurance is a must. The problem, however, is that most Americans avoid getting a life insurance policy because they think it’s too expensive. The truth is that protecting the ones you love doesn’t have to cost a lot. These tips can help you to give your family peace of mind with life insurance while saving money at the same [...]

By |2019-01-20T10:33:19-04:00November 8th, 2018|Insurance|1 Comment

Reviewing my Life Insurance Contracts

I am not sure why, but it seems that I have a habit of reviewing my life insurance in the fall.  I took a look at my life insurance policies last year around this time, and then way back in 2015 (also around this time of the year). I swear this is simply by coincidence, especially because this year's inspiration came from a very personal and sad place. A friend of mine was recently diagnosed with stage 4 pancreatic cancer. He has 3 children 7, 5 and 3. The 7 year old is in the same grade as my son which is [...]

By |2018-10-29T14:48:39-04:00October 22nd, 2018|Insurance|4 Comments

Preventing Unnecessary Risks – 3 Ways to Protect Your Company from Loss

Running or managing a business has a multitude of risks associated with it. Whether you're the founder or an employee, every business decision we make must be taken seriously to avoid unnecessary loss. In business, it's impossible to completely do away with risk, but there are ways to protect yourself, your business, and your employees. Protect Yourself This is more important for those who own their own business. While it may feel at times as though you and your business are one entity, legally and financially speaking, you are not. It is imperative that you have separate lines of credit for you [...]

By |2018-09-24T14:40:43-04:00September 12th, 2018|Insurance|0 Comments