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Are you familiar with the term collateral assignment in life insurance? If not, you may be missing out on some significant opportunities to protect your financial assets. A collateral assignment allows policyholders to pledge their life insurance as security for a loan or other obligation without surrendering ownership of it. In this blog post, we’ll […]

Insurance is a vital aspect of our lives, providing us with financial security and peace of mind. However, have you ever wondered if insurance companies are legally obligated to act in your best interest? In other words, do they have a fiduciary duty towards their clients? This question has been the subject of much debate […]

Are you the proud owner of a sports entertainment company but unsure about what type of insurance you need to protect your business? Look no further! Running a sports entertainment company can be exhilarating, but it also comes with its fair share of risks. From injuries to damaged equipment, there are various potential threats that […]

As part of a Marketplace application, it’s necessary to estimate your estimated household income. Your household typically comprises you, your spouse (if applicable), any tax dependents who require coverage (even those without health needs). To calculate your MAGI, the following factors will need to be used. 1. Estimate Your Income for the Year You Want […]

If you plan on placing your car on hold for any extended period, be sure to talk with your insurance company first. They may have special rules in place that can help avoid coverage gaps and potentially expensive rate hikes. GEICO provides numerous ways to save on car insurance policies. Get your personalized rate quote […]

Networking is key to becoming an insurance broker. Make an effort to attend community events and utilize platforms like LinkedIn, Twitter and TikTok for effective lead generation. Your next step in setting up a business must be selecting an operating structure. This decision will have an impactful effect on how taxed and whether your personal […]

Value can have a substantial bearing on how much landlord insurance coverage a property requires, with location also playing a part. Landlord insurance covers rental properties against damage caused by tenants and their guests, ranging from structural repairs, loss of rental income protection, to liability protection. Coverage Limits When determining how much landlord insurance coverage […]

Fixed annuities aren’t exactly flashy as financial tools. These insurance contracts offer a moderate fixed return for either a premium or a lump amount of cash. They provide a steady income for the rest your life, as well as that of your spouse or partner. Sara Wiener, Assistant Vice President of Annuities at Principal Financial Group, Des […]

We often buy auto insurance without understanding what we are purchasing. The excess premium that you pay can be a waste of money. Your auto insurance deductible could be too high. Your deductible is the amount you agree to pay towards the claim. After your deductible, the auto insurance company will usually pay the balance. […]

Recorded statements are a guarantee step in the claim investigative process. Insurance adjusters will call you to request your statements about the accident. Many people believe they are required to provide these statements in order for insurance companies to cover the loss. While most insurance companies include Cooperation Clauses within their policies, they cannot require […]