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Insurance Blog

Please read our blog about a wide variety of insurance topics. Please feel free to ask us any questions.

Annuities: Pros vs. Cons

An annuity is an insurance product used to plan for retirement. The beauty of an annuity is that they pay out a steady stream of income when you retire, which can be used to supplement your other retirement accounts, or on its own. Annuities have pros and cons: Pros An annuity can provide you with the income you need to enjoy life during your golden...

Common Types of Surety Bonds & How They Work

A surety bond is a contract that ensures specific obligations are met. These bonds are often required for contractors working on government contracts. They are performance-based. A surety bond is a guarantee between three parties. The parties in a surety bond are: The Principal: The individual who is required to have a surety bond. The Obligee: The individual requesting the bond. The Surety Company: The...

Family Floater Life Insurance Policy and How They Work

A "family floater" plan provides life insurance coverage to all family members. These policies are a smart choice for many families. Also called "family life insurance," your entire family has life insurance with a single policy, a far simpler and more efficient process. Life insurance policies are typically purchased to cover the parents. If one of the breadwinners for the family should suddenly pass away,...

4 Things to Know About Employment Practices Liability Insurance

Employment Practices Liability Insurance or “EPLI” is a form of business insurance specifically to protect against employment-related lawsuits. While the suit may not be accurate, once filed, you will need to defend against the case, which can prove to be very expensive without this type of insurance. The right Employment Practices Liability Insurance can help you get through challenging legal situations without sustaining severe financial...

6 Mortgage Protection Myths Debunked

Buying a home is one of life’s most significant, and expensive, milestones. When you find the ideal property, you will be required to jump through several hoops to get a mortgage. Some home buyers are required to purchase mortgage insurance, while others choose to purchase mortgage life insurance – there are two distinct products. Before investing in any mortgage protection insurance, get the facts and...