insurance and protection planning
Educational articles in this subcategory.
Glossary of Insurance Planning Terms
Understanding insurance terminology is essential for evaluating policies, comparing coverage options, and making informed decisions about protection p...
Claims Process and Documentation Tips
Filing an insurance claim correctly and promptly can significantly affect how quickly you receive payment and whether your claim is approved at full v...
Policy Review Cadence and Triggers
Insurance needs change over time. A policy purchased ten years ago may no longer provide adequate coverage, may be overpriced compared to current mark...
Coordinating Insurance with Estate Plans
Life insurance serves multiple purposes in estate planning: providing liquidity to pay estate taxes, replacing income for dependents, equalizing inher...
Updating Beneficiary Designations
Beneficiary designations determine who receives your assets when you die. These designations override your will, making them one of the most important...
Insurance Trust Structures: ILITs
An irrevocable life insurance trust (ILIT) is a legal structure designed to remove life insurance death benefits from the insured's taxable estate. Fo...
Buy-Sell Agreements Funded with Insurance
A buy-sell agreement establishes what happens to a business owner's interest when they die, become disabled, retire, or want to exit. Without such an ...
Key Person Insurance for Businesses
Key person insurance protects a business against the financial consequences of losing an essential employee, owner, or executive. When someone critica...
Captive Insurance Considerations
A captive insurance company is a licensed insurance subsidiary created and owned by a business to insure risks that the parent company faces. Rather t...
Property and Casualty Review Checklist
Property and casualty (P&C) insurance protects your physical assets and shields you from liability claims. Most policyholders set their coverage once ...
Umbrella Liability Coverage Essentials
A personal umbrella policy provides additional liability coverage above the limits of your auto, homeowners, and other underlying insurance policies. ...
Medigap vs Medicare Advantage
When you become eligible for Medicare at age 65, you face a fundamental choice: stay with Original Medicare and add supplemental coverage (Medigap), o...
Hybrid Life and LTC Policies
Hybrid life and long-term care policies combine permanent life insurance with long-term care benefits in a single contract. These products address a c...
Long-Term Care Insurance Options
Long-term care insurance (LTCI) pays for assistance with daily living activities when you can no longer perform them independently due to chronic illn...
Business Overhead Expense Coverage
Business overhead expense (BOE) insurance reimburses a business's fixed operating costs when the owner becomes disabled and cannot work. This coverage...
Disability Income Insurance Basics
Disability income insurance replaces a portion of your income if illness or injury prevents you from working. For most working adults, the ability to ...
Life Insurance Underwriting Process and Health Classes
Life insurance underwriting determines your health classification and premium rate. Understanding this process helps you set realistic expectations, p...
Understanding Life Insurance Riders and Policy Features
Life insurance riders are optional add-ons that customize your policy for specific needs. Understanding available riders and their costs helps you bui...
Term vs Permanent Life Insurance Policy Selection
Choosing between term and permanent life insurance depends on your coverage needs, budget, and financial goals. This article breaks down each policy t...
Life Insurance Needs Analysis
Determining the right amount of life insurance requires analyzing your specific financial situation rather than relying on general rules. This article...