Taking care of your pet requires diligence, affection, and a lot of money. Seeing your furry friend fall ill or get injured is painful, but so is looking at the bill the receptionist hands over to you at the vet’s clinic. “Is that my bill?” There is no denying that veterinary care can be expensive, […]
Comparing pet insurance rates? Learn more about Healthy Paws.
While everyone’s scenario is different, the following calculator will provide you with a great estimate on how much life insurance coverage you need based on income, assets, and debt.
Costco offers one life insurance product through Protective Life Insurance. Protective is a reputable insurance provider and the term life policy they offer is exclusive to Costco members. Protective is a financially stable life insurance company boasting “AA” ratings from both Moody’s and Standard and Poor’s. They also have an “A+” from the Better Business […]
Absolutely. You could have 10 insurance policies at the same time if you wanted to. What are some reasons for having multiple life insurance policies? Diversify your life insurance investments with policies from different companies Extend your existing life insurance coverage. “Stack” multiple policies to obtain the coverage needed “Ladder” term life insurance policies. 1. […]
Accelerated death benefits, sometimes called “living benefits,” speed up the payout of your life insurance policy, tax-free. This allows you to access benefits via a rider if you are deemed either terminally, critically, or chronically ill. They’re called “living benefits” because they are benefits you can get while you are still alive. It is a […]
How are no medical exam policies different? The only difference is the maximum coverage amount available. There is no difference in how and when the insurance provider pays the death benefit or any additional features the policy may provide. Is there a cost difference? Only for about 5% of people, those that are super healthy. […]
It is a common misconception that running a business entitles owners to deductible life insurance premiums. But that’s not always true. Unlike the strict rules for individuals, it’s true that businesses have a bit more leniency with tax-deductible life insurance premiums. But only in very specific cases are they deductible as a business expense. In […]
Contrary to popular belief there are very few situations where life insurance premiums are tax-deductible. While premiums on long-term investment vehicles like an HSA or IRA are deductible, life insurance is a different story. It pays off, in the long run, to understand whether you qualify for these few situations. This can keep you out […]
