Insurance Articles

What is permanent life insurance and how does it work? Permanent life insurance is a type of life insurance that will provide you life long protection. Permanent life policies carry the ability to accumulate cash value on a tax deferred basis.  What is the difference between term and permanent life insurance?  Permanent life policies stay […]

Term life insurance is one of the most affordable types of life insurance policies you can get. It’s an easy to understand, pretty straightforward type of coverage. It will protect your loved ones for a set period of time or term. Common term lengths are 10, 15, 20, & 30 years.  Step #1 Determine the

EPO is an acronym for a type of health insurance. It’s in the same category as an HMO or PPO, just a different type of coverage.  EPO stands for Exclusive Provider Organization. Members of an EPO health plan can use the doctors & hospitals that are within the EPO network. Although, you cannot go outside the network for health

With so many different types of insurance for your home it may be beneficial to learn the basics on a handful of them. Below we go over the definitions and a few essential talking points on rental property insurance, renters insurance, & homeowners insurance. Learn more about how you’re protecting your home and your belongings.

A health insurance premium is the amount you pay, usually monthly, to maintain your health insurance coverage. If you have health insurance through your employer, your premium is usually deducted from your monthly pay check. Typically your employer will pay for a portion of the premium. Costs that go beyond the monthly premium can be

Commercial insurance is insurance coverage that protects your business, your employees and you as the owner. It’s designed to protect various aspects of your business. The most common coverage companies carry are liability, property, crime, or commercial auto insurance. Most small businesses start with a business owners policy (BOP). Within a BOP there’s a combination

Supplemental life is coverage you can buy in addition to a term or whole life policy. Usually full-time employees are offered supplemental life coverage for free or for minimal cost by their employer. It could cover burial costs, accidental death, and dismemberment.  How Does Supplemental Life Insurance Work? Supplemental life coverage alludes to any extra

To truly understand what hazard insurance is, let’s first look at what a hazard is a little closer.  Hazard; a source of danger (webster). Hazard and peril are often used when speaking about insurance. Peril is something that causes or can cause loss. Whereas a hazard is something that makes a loss more likely.  A

Did you recently get into an accident where you were at fault?  When you get into an accident and are considered the one at fault, more than likely your rates will go up. Although, insurance company to insurance company the options differ. Some companies offer accident forgiveness. Accident forgiveness will allow you ONE at fault

Full coverage car insurance covers your vehicle as well as the other person involved in the accident.