Some types of insurance coverage are essential, such as auto insurance if you drive a car or a homeowner policy if you own a home. But other types are strictly a matter of priorities and depend on factors such as your age, health, and family members. How can you begin to sort it out?
Accidents can happen. It’s not fun to think about, but an unexpected incapacitation such an accident or an illness can happen to anyone. Family business owners must be prepared. One step toward doing so is creating a buy-sell agreement. A second, and often overlooked step, is adding a disability insurance component to the agreement. This article addresses both concepts.
Family business owners should never underestimate it. Carefully chosen and properly administered benefits can not only attract and retain good employees, but also provide some remarkable tax breaks. This article explores the idea of providing long-term care insurance as just such a valuable benefit.
The cost of an insurance policy is mainly based on the probability that you’ll file a claim while the coverage is in force. That’s why long-term care policies generally have higher premiums than life insurance. But is that a reason to buy it? Finding the answer requires some digging and reflection on your part, but it’s worth the effort. Here’s more.