Should I Sign Up For Life Insurance Through Work If I Already Have A Life Insurance Policy?
Posted: December 13, 2019
Life insurance is offered by some employers as part of their group benefits package. Usually, the employer pays for most or all of the premiums. Companies are not required to provide life insurance for their employees. When they do, it is a nice benefit, and you should take advantage of it. If you already have an individual life insurance policy, that is ideal, as group...
Liquor Liability Insurance Vs. Brewery, Vineyard, and Distillery Insurance
Posted: December 4, 2019
Both the popularity and number of craft breweries, vineyards, wineries, and distilleries are on the rise in the U.S. However, these types of businesses can have complicated insurance needs. Any establishment that has a tasting room or serves alcohol needs liquor liability insurance, but that is only the beginning of the coverage you may need. Our knowledgeable agent can help ensure you have the right...
What Does Being “Vested” In Your 401(k) Mean?
Posted: November 28, 2019
As defined by the IRS, vesting in a retirement plan means ownership. Each employee vests a certain percentage of their account in the 401(k) plan every year. An employee who becomes 100% vested in his or her 401(k) account balance owns 100% of the balance. When this occurs, the employer cannot take it back (forfeit) for any reason. Amounts that are not vested in a...
Cargo Insurance Vs. Wholesalers & Distributors Insurance
Posted: November 19, 2019
Cargo insurance is not the same thing as wholesalers and distributors insurance. If your business is a wholesaler or distributor that ships cargo, you may need both types of insurance. Our experienced agent can review your business policies with you to help ensure you have the coverage you need at the best price for you. What Is Cargo Insurance? Cargo insurance provides protection against risks...
How Much Should I Put In My HSA?
Posted: November 13, 2019
If you have opted for a health savings account (HSA), the next question is how much to put into it. To qualify for an HSA, you must have chosen a high-deductible health insurance plan. Having a health savings account can help you cover your deductible and other out-of-pocket healthcare expenses, both now and in the future. The following steps may be helpful in calculating how...