If you ever find yourself in an unfortunate situation where you utter the phrase "I thought that was covered by my homeowners policy," you would likely be protected by an umbrella liability policy. Umbrella liability insurance "sits" on top of your auto and homeowners policies, providing extra protection–like an umbrella. For more information on umbrella liability coverage, read this Insurance Know-How.
If you suffered any flood damage from Georgia’s September storms, you may qualify to take a casualty loss on your tax return. As with all tax deductions, there are several criteria that must be met. For more information on casualty loss and disaster relief, read this C.P.A. Insight.
According to the Federal Emergency Management Agency, 25% of floods occur in low-to-moderate risk areas. After the mid-September storms, if you live in north Georgia, you may be painfully aware that your homeowners insurance specifically excludes flood damage. For information on how to protect your home against flooding, read this Insurance Know-How.
Fixed annuities offer tax deferred growth and guaranteed retirement income. However an investor may be sacrificing too much return for the safety of the annuity. If you have an old fixed annuity in your portfolio, read this Insurance Know-How for ways you can maximize the benefits of your investment
Long-term care insurance has evolved into a product that supports aging or ill individuals staying at home or living in a facility when full-time care is necessary. Long-term care policies have a variety of options, riders and eligibility requirements that need to be carefully considered. For more need-to-know information about long-term care insurance before you consider purchasing a policy, read this Insurance Know-How.
If your loved ones’ financial situation would be severely impacted if you were to die, chances are you need some life insurance. Life insurance can also be used to cover short-term expenses such as funeral arrangements, taxes and debts. For more information on using life insurance as part of your estate plan, read this Insurance Know-How.
Statistics show that an individual is much more likely to become disabled in their earning years rather than suffer death; however, many professionals are still surprised to learn that disability insurance is more important than life insurance. For more information on disability insurance for professionals, types of policies, and to learn which policy may prove to work best for your needs, read this Insurance Know-How.
The decisions a company faces after one or more of its owners pass away are hard, especially when several parties are involved. One way to preempt confusion regarding the shares of a company left behind by the deceased party is to consider a buy-sell agreement. For more information about buy-sell agreements and the two types that are available, read this Insurance Know-How.
Insurance policy riders provide some kind of benefit to the policy owner by amending either the terms or coverage of the policy. A premium may be charged for a rider, so consider them when obtaining a quote.
There are two categories of life insurance a person can choose to purchase: term or whole life. In most cases, Henssler Financial recommends term insurance over whole life. However, if you choose to purchase whole life insurance, you must decide which type of whole life insurance to purchase.
