Disability Insurance: 4 Questions you need to ask!
According to the U.S. Census Bureau, an employee has a one in five chance of becoming disabled during their career. That’s why experts say purchasing a disability insurance plan is a must for anyone who relies on a job to provide their income. Here’s a quick look at what you should know about the various plans available. Q: Which disability insurance plans do employers usually provide? A: Typically, workplaces offer two plans: short-term disability and long-term disability insurance. Q: What are the differences between these two? A: Short-term disability provides a percentage...
Read MoreUnderstanding and Paying Down Debt
Before you buy that new car or house, put some thought into your finances. Do you have a full understanding of how debt accumulation impacts you? Read on for more, including tips for tackling your financial obligations. Debt’s Daily Impact Owing money affects many aspects of everyday life — from securing a new home to qualifying for a credit card and much more. All rely on your credit score and the information in your credit report, so check your credit report yearly and dispute inaccurate information. Even those who don’t have debt can be caught off guard without emergency...
Read More3 Tips for managing an inheritance
Receiving an inheritance from a family member or friend can bring mixed emotions. Not only are you grieving the loss of a loved one, but you’re also suddenly receiving new wealth. During this challenging time, these steps can make the process a little easier. Take Your Time Don’t rush into the process; filling out the necessary paperwork to receive the inheritance doesn’t have to happen immediately after a loved one passes away. Take the time you need to grieve, get through the funeral and spend time with loved ones. Aim to speak with the estate attorney within a month of...
Read MoreBasics of Long Term Coverage
Before making a decision about long-term care insurance (LTCI), it helps to fully understand what it is and how it works. Here’s a general overview. What is long-term care insurance? This type of insurance addresses extended, hands-on assistance that’s needed due to a prolonged disability or long-term illness or cognitive impairment. Each LTCI policy will define its benefit triggers, but individuals generally qualify for use when a health professional certifies that you require help with at least two daily activities, such as dressing, eating or bathing. What can it cover? Most...
Read MoreWhy Insurance Market Value is less than Replacement Cost of Home
One of the most common questions our office receives is: “Why does the insurance company say the market value of my home is much higher than it is actually worth?” First, the questions is worded improperly. Not intentionally, but the problem is that the “market value” of your home has zero to do with the “Dwelling A” (or reconstruction cost) coverage listed on your declaration page. Or what most of us believe to be the “value” of our home. So then how does it really work? My home is valued at $75,000, I owe $80,000 and the insurance...
Read More8 Reasons Why Spring + Cleaning + Home Inventory = Happy, Refreshing & Responsible
Things are finally starting to look a bit like Spring. This time of year is typically for many of us in the Midwest, a time of rebirth, and renewal. Things are beginning to green up, the snow blades are being replaced by mowers and we begin to emerge from our caves that we have spent countless days cooped up since the change of seasons. Finally the fresh air and greenery outdoors make us want to pretti-fy our indoor spaces, too. It just makes us feel better. And “Spring Cleaning” was created for just that reason. This is the one time per year most of us deep clean, get rid of,...
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