Tags: Life Insurance

How to Save For Your Retirement

How to Save For Your Retirement

Starting a retirement savings plan can be a daunting prospect. Developing the habit of putting money into savings each month is a good place to start.  Knowing how to save for your retirement so your money grows safely is essential to meet your retirement goals. Here are a few of the places you may want to consider as part of your retirement investments: Savings accounts, money market mutual funds, certificates of deposit (CDs) and U.S. Treasury bills. These are often referred to as cash or cash equivalents because you can... Read More

How to Promote Life Insurance for Millennials

How to Promote Life Insurance for Millennials

Benefits packages are an important tool in recruiting and retaining employees. While health, vision and dental benefits are well at the top of the list, life insurance with its promise of financial security for loved ones, is one of the most popular benefit options. As more members of the millennial generation are entering the workforce, however, some are questioning the need for life insurance. A recent survey conducted by the Life Insurance and Market Research Association (LIMRA) shows that only two-thirds of the millennial generation, have any kind of life... Read More

Group-Term Life Insurance: A Benefit for Everyone

Group-Term Life Insurance A Benefit for Everyone

Employee benefits are one of the keys to attracting and retaining great employees. Health care is always at the top of the benefits list, but after medical, dental and vision care plans, life insurance is one of the most requested employee benefits. Offering your employees group-term life insurance is not only helps your employees save money on an important insurance coverage while protecting their families, it is also a benefit you can offer at low cost to the company.   The Basics Group-term life insurance is coverage that employers offer... Read More

How Key-Person Life Insurance Fits in a Business Succession Plan

How Key-Person Life Insurance Fits in a Business Succession Plan

A buy-sell agreement is a contract among business owners which, upon the death of one of the owners, requires the remaining owners or the company itself to purchase the deceased’s interest in the company according to the agreed upon terms of the contract. In addition, the deceased’s heirs are required to comply by selling their inherited interest at the previously agreed-upon price. Although there are other options for funding a buy-sell agreement, the smartest method for doing so is through life insurance, most often a key-person life insurance policy. This... Read More

How Key-Person Life Insurance Can Protect Your Business

How Key-Person Life Insurance Can Protect Your Business

Jeff Moses, president of Auto Custom Carpets, was on his way home from a business trip in Ohio when tragedy struck. The small airplane he was riding in lost control and crashed into a creek near Talladega, Ala. The plane exploded upon impact, killing everyone on board. Jeff Moses’ death left a huge void in the company’s leadership team. Not only was Moses the president and co-owner of Auto Custom Carpets, he was also a charismatic sales leader whose product knowledge and extensive industry experience were integral to the company’s... Read More

Educate Your Employees on the Importance of Life Insurance

educate your employees on the importance of life insurance

Although life insurance is one of the most common employer-provided benefits, many employees do not appreciate its value. Life insurance can be an invaluable benefit should tragedy strike one of your employees. As an employer, you are well-positioned to educate employees on the importance of this coverage. What’s in it for you? Educating employees about life insurance can yield higher enrollment, greater appreciation for your benefits package and increased loyalty to the company. Many employees are not financially savvy, but are interested in learning. Financial education from their employer can... Read More

Boost Employee Benefits with Group Life Insurance

Boost Employee Benefits with Group Life Insurance

Employee benefits are one of the best ways to attract and retain qualified employees. Most employers these days offer at least basic health and dental insurance. There are many additional employee benefit options available to employers, and one of the most requested and most beneficial is group life insurance. This article covers many of the basics of offering group life insurance and some of the employer options for providing it. Types of Life Insurance Life insurance is divided into two categories: term and permanent. Term life insurance has a specified... Read More

Do You Know the Right Life Insurance for You?

Do You Know the Right Life Insurance for You?

If something were to happen to you today, is your family protected? Will your spouse be able to continue paying the mortgage and the car payment? Will your children’s needs be provided for? If you have the right life insurance policy, the answer to these questions will be yes, and you and your family can rest easy, knowing they won’t be left with a double tragedy. Do you know the right life insurance for you? Life insurance is not a one-size-fits-all policy. It is available in a number of different... Read More

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

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