Tags: Insurance Basics

How Are Life Insurance Premiums Calculated?

life insurance premiums

Have you ever wondered how your insurance company arrived at your premium payment amount? Does it seem like some mysterious formula that seems Greek to you? Is there anything you can do to reduce your premiums or are you just stuck with the amount they give you? Life Insurance premiums are calculated after looking at an individual’s health risk factors, such as tobacco use, cholesterol level, obesity, diabetes and family history. When applying for life insurance, the insurance company will determine your status based on your age, gender and overall... Read More

Top 10 Threats to Small Businesses—Part 1

threats to small business

Optimism is the fuel that drives the entrepreneurial spirit, so it isn’t surprising that most small business owners consider themselves optimists. Too much optimism, however, can get a small business owner into trouble. A business plan built solely on the “best case scenario” is like a house of cards—one gust of wind (or fire or wrongful termination lawsuit) and the entire business can come crashing down. That’s why smart business owners temper their innate optimism with a healthy dose of reality. In other words, they learn to manage risk. The... Read More

A Handy Guide to the Most Confusing Life Insurance Terms

confusing life insurance terms

When it comes to choosing a life insurance policy, you have several choices. And like many industries, the world of insurance uses its own unique terminology to describe its products. For the rest of the world—and even for some insurance pros—these terms can be confusing. So, no matter which type of life insurance might be right for you, this handy glossary will help you understand some of the basics of life insurance. And if this doesn’t help you understand everything you need to about life insurance (and don’t feel bad—it... Read More

Disability Insurance Basics–Is Your Paycheck Protected?

Disability Insurance Basics-Is Your Paycheck Protected?

Your most valuable asset is your ability to earn an income. Have you ever thought about what would happen if you experience a serious illness or injury? How would the loss of your income impact you? In addition to your day-to-day living expenses, a disabling injury can also lead to additional expenses, such as increased medical and household costs. If you’re like most working Americans, your savings account isn’t nearly big enough to see you through a disabling injury or illness. Even the loss of one paycheck, coupled with medical... Read More

What is Key-Person Insurance and Why Do I Need it?

Protect key employees with key person insurance

Is there someone at your company—maybe even you—who is essential to the success of your company? Have you ever thought about what would happen to your company if something happens to that key person? Most businesses have at least one key employee who is essential to the company’s success. This person may be a partner, owner, majority stockholder or another individual who is crucial to the business. If this person unexpectedly leaves the company—due to a death or disability—it could make it hard for the company to survive and prosper.... Read More

Seven Easy Ways to Save Money on Life Insurance Policy

Seven Easy Ways to Save Money on Life Insurance Policy

Do you know you need life insurance but put off getting it because you think it’s too expensive? Would knowing there are things you can do to save money on life insurance help get you going? There are some very simple things you can do that will save you money on your life insurance premiums. Here are seven easy ways to save.   Buy Life Insurance Early Buying life insurance while you are young and relatively healthy will cost you much less in premiums than if you wait until you get... Read More

Life Insurance–What You Need to Know

young families need life insurance

Have you thought about life insurance lately? Life insurance? Isn’t that for people who are old and going to die? I don’t need life insurance; I am young and healthy. Life insurance is expensive. Those are the typical responses to the life insurance question. But really, it’s not the right answer. Life insurance isn’t for people who are going to die; it’s for the people you leave behind. Life insurance is not a fun thing to think about—most of us don’t like to be confronted with the reminder that someday we’ll... Read More

Five Things you Need to Know About Disability Insurance

Five Things you Need to Know About Disability Insurance

When you think about insurance, what comes to mind? Insurance for your home, for your car? Perhaps you think of health insurance. Have you ever thought about insurance that helps take care of you if you become disabled and cannot work? Most people don’t think about disability insurance—or if they do, they usually think of other people who might need it, but not ever themselves. Disability insurance can help replace your income in the event you are unable to work, but it’s a type of insurance that many people are... Read More

Vaccinations for Children–What you need to know

vaccinations for children

As our children head off to school, the topic of childhood vaccinations is always high on everyone’s list. Certain vaccinations are a requirement for school enrollment in virtually every school district in the United States. Why are vaccines so important? In the United States and Canada, vaccines have almost completely wiped out several serious childhood diseases such as measles, mumps, whooping cough, smallpox, polio, diphtheria and haemophilus infections.   What is a Vaccine? Vaccines contain killed or weakened disease organisms (typically inactive bacteria or weakened viruses) that are administered to... Read More