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Miscellaneous

As tough a sale as it is, life insurance can be sold. A far tougher sale is disability insurance. Most prospects do not understand statistically how likely they are to be disabled vs. deceased. This article provides some of those statistics, along with some coverage considerations!
Insurance (or assurance), as we understand the concept today, is more than 700 years old. But what events shaped our modern world of insurance? Following are some interesting facts, myths, and legends that helped mold the current insurance world in America.
A business owner may be surprised to learn that a small loss to business property ends up with a much larger loss of income. That problem may be solved with a Business Interruption type of coverage. What is often overlooked is the problem that occurs when the business owner is disabled for a short time.
Current working partners have to find a way and method of buying out a deceased or permanently disabled member. A well prepared Buy-Sell agreement prepares for this possibility. Once again, insurance is the most secure funding method.
Independent agencies are not like many other businesses. They have unique cash management opportunities. A bank that recognizes this difference will offer a variety of specialized products, competitively priced, to help agents facilitate cash management and maximize value. Here is what you should be looking for....
Because a bank deposit is a loan from the customer to the bank, like any loan or contract in general, it’s quite possible that the bank’s promise to repay the loan (forgetting about interest for the moment) will not be kept. That's when federal deposit insurance steps in and here are the need-to-knows for this type of insurance.
Estate planning generally consists of a plan to distribute accumulated wealth upon death, using life insurance to protect survivors from financial distress, and minimizing taxes and expenses associated with this transfer of wealth. In this article, we'll explore some of the fundamental principles of estate planning.
Unlike “traditional” businesses, an insurance agency has a unique business model with low capital requirements and no significant working capital needs. But when capital is needed to seize an opportunity, the capital required can be substantial. Since many principals may never have borrowed from a bank, they may not be familiar with how credit is gained.
ATMs revolutionized banking more than 25 years ago and today online banking is now commonplace. And, now a new banking product, remote deposit, is being utilized to greatly improve business efficiencies, particularly for busy independent agents.
Estate planning can be defined as planning for the transfer of wealth (a large amount, a small amount, or something in between) at a person’s death, and the making of certain legal and related arrangements for events associated with the time shortly before and after death. In this article, we'll examine a few of the important considerations in estate planning.