How Much Life Insurance Does a Stay at Home Spouse need?

When deciding how much life insurance a person needs, Financial Planners recommend an amount of 7 to 10 times your annual income. But what if you don’t have any annual income? What if you are a full-time, stay at home spouse and parent? Do you need a life...

Common Health Insurance Definitions

The challenge with health insurance is that we hear about it once a year during open enrollment, and the next time we use it we are either not feeling well, or checking out at the pharmacy or doctor’s office. You’ve heard about the following terms, now...

Group Life Insurance – What is Imputed Income?

Many employers provide employees with employer-paid group-term life insurance benefits or arrange for employees to purchase group term life insurance benefits. But did you know that in some cases, if an employer pays for more than a $50,000 life insurance benefit,...

How much coverage do I need for Key Person Insurance?

Valuing a Key Employee It can be hard to put an exact monetary value on how important a key person is to a given business. The goal when valuing a key person for life and disability insurance is to get the correct amount of coverage based on the specific needs of the...