How Does My Health Impact My Insurance?
Posted: October 14, 2022
The health insurance industry was radically changed with the passage of the Affordable Care Act. Prior to the passage of this law, a person who had a health condition was typically denied insurance coverage – a financial disaster for families, many of whom were forced to file bankruptcy due to medical bills. It was a monumental change in the health insurance industry when the law...
Do I Have to Choose a Beneficiary? What You Need to Know
Posted: October 12, 2022
When you purchase a life insurance policy, you must name a beneficiary, or several. The listed beneficiary is the person who will receive the death benefits should you pass away before you time. A sudden death due to an accident or illness leaves the family bereft, but the life insurance benefit allows them to move forward without suffering serious financial problems. The benefits are not...
3 Things to Consider When Choosing Group Benefits
Posted: September 28, 2022
The employees you want on your team will need benefits. In a tight job market, with competition for talent higher than ever, the benefits you offer matter. When choosing group benefits, several basic issues must be thoroughly evaluated before deciding on what to offer employees: Employee Demographics – Generation Alpha, Gen Z, Millennials, Gen X, Gen Y, or Millennials? Every generation has a different perspective...
Review Your Policy After These Major Life Changes
Posted: September 22, 2022
If you have life insurance, you are in good shape. However, when major life changes occur, it is time to review your policy and update it to suit your new situation. When to Review Your Life Insurance? Several life events will significantly change your life insurance needs. These include: Getting married: Once you are married, your lives are merged into one, sharing finances and personal...
Benefits of Providing Financial Planning Resources to Employees
Posted: September 13, 2022
The most basic group benefit plan will provide some form of health insurance to employees, with some percentage paid by the employer. Many employers have taken steps to offer a more appealing range of benefits to their employees, including life insurance, long term care insurance, a 401(k) with matching funds, and vision or dental coverage. Another perk has proven to be appreciated by employees: Financial...