Category Archives: Finance Guide

There are many situations in which money is truly urgent. This happens when people only have one source of income, and the lack thereof would be a major problem in their immediate circumstances. This is why it’s so important to ask: How can we deal with wage detention in these situations? Law is always a good thing […]

This question has been asked of me many times by insurance agents over the years. I have also participated in many online forums on insurance where I’ve witnessed some biased opinions. Let me share my opinion on the subject of whether it’s better to contract directly to an insurance carrier than to an MGA (Managing General Agency) […]

All fellow Insurance Agents and potential agents! These insights might be useful for those who are already in Insurance Sales and are looking to make a successful career as an Insurance Agent. This information will help you choose the type of contract, independent or captive, that best suits your goals and needs at this stage in your […]

Insights From My Personal 28-Year Journey: In retrospect, I didn’t think I would one day be making the kind of money that I have today from the insurance industry. I want to see other agents succeed in the insurance business as we have been. These are some basics for those starting in the insurance industry or considering […]

After a storm has struck, your insurance provider will send an adjuster out to assess the damage. They may ask for updated time estimates, photos and paperwork supporting your claim. If your roof has extensive damage, they may provide coverage for replacement costs; but how can you ensure you receive an equitable payout? 1. Know […]

Variable universal life (VUL) policies offer an innovative solution for investing and insuring. Contract owners have access to various accounts similar to mutual funds that enable them to build tax-deferred wealth faster. Policyholders must understand all associated fees and expenses associated with VULs as these can vary widely between products. You should request from your […]

When purchasing a new car, many factors influence its cost to insure. At GEICO, rates do not take color of a vehicle into consideration when calculating rates. Red cars may cost more to insure due to a popular belief that they get pulled over or stolen more frequently, yet no evidence supports this claim. Color […]

Gap insurance or guaranteed asset protection helps bridge the gap between your car’s current value and what is owed on its loan if it gets totaled or stolen, providing protection at a nominal annual cost. Many auto insurers now include gap coverage as part of their policy packages for added peace of mind. But is […]

Long term care insurance provides protection for savings and assets against future long-term care costs, potentially eliminating the need to tap other resources such as home equity or rely on government programs like Medicaid. However, some may view long term care insurance as an ineffective investment. Let’s explore this topic further. It’s Too Expensive Long […]

Decreasing term insurance provides an innovative solution for meeting their financial obligations while remaining cost-effective and affordable. Compared with level term policies and permanent life policies, decreasing term is often cheaper. Bankrate’s insurance editorial team can help you decide whether decreasing term insurance makes sense in your situation. First, let’s examine which policy components decrease […]