Most of us, at some point, have given thought to what we might leave behind for our loved ones once we pass away. Maybe you have spent time considering who to leave your assets to or even gone as far as to draft a will yourself. However, even the most well-meaning attempts at planning can go awry. This is especially true for a simple will, which can lead to expensive and avoidable consequences. But do not worry; this is where a group legal plan and pre-paid legal services come in to save the day.
It may seem easy to draft, but the truth is that it is...
Ah, life insurance. A pillar of financial security, a safety net for loved ones, and… a potential tax tango? While the primary purpose of life insurance isn’t to enrich Uncle Sam, there are indeed scenarios where this financial instrument waltzes with the taxman. Buckle up, folks, because we’re about to dissect the nitty-gritty of life insurance taxation.
Death Benefit: Generally Tax-Free, But…
Let’s start with the good news: the death benefit, the core payout of most life insurance policies, is generally exempt from federal income taxes. That’s a whopping $768 billion in tax-free payouts in 2021 alone, according to the Life Insurance Council. Think of it as a...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Employee Burnout, defined as a syndrome resulting from chronic workplace stress, has reached unprecedented levels globally and in Singapore, unsurprisingly. The state of physical...
This article highlights the ideal strategies that can help insurance agents leverage websites, directories like Agency Height, and various social media platforms to...
Navigating today’s cyber & data security landscape
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Businesses in every industry are facing cyber threats with increasing frequency and severity. It is no...
Thanks to the Affordable Care Act plan, which goes more commonly by Obamacare, millions of eligible Americans have the opportunity to shop for health insurance through the Health Insurance Marketplace. During a period known as Open Enrollment, those who...
As we step into 2024, it's paramount to set resolutions that prioritize financial well-being and risk management. Whether you're safeguarding your home and family or securing your business assets, here are key insurance resolutions for both personal and commercial...
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No longer can auto insurance companies use overly broad No-Fault fraud clauses in their policies to take away all of your legally-guaranteed Michigan auto...
RenaissanceRe, the Bermudian global reinsurer, has lifted its third-party investor capital under management in reinsurance joint-ventures and insurance-linked securities (ILS) funds managed by RenRe’s...
When expecting a child, families receive gifts like clothing, blankets, and various items to care for their new bundle of joy. However, the most important item you need to bring your newborn home from the hospital is a regulated...
Rear-end collisions are among the most common types of car accidents, accounting for roughly 1.7 million incidents in the U.S. annually, according to the National Highway Traffic Safety Administration (NHTSA). These crashes result in billions of dollars in...
Last Updated on July 31, 2024 by adminDid you know that Boshers Insurance do more than provide high-quality insurance for Holiday Home owners? We also support The 2 Minute Foundation, a charity whose vision is to clean up the...
PGGM, the Dutch pension investment manager has allocated $200 million to a new quota share structure named Scenery Re on behalf of its end-client the Dutch pension PFZW, with the vehicle managed by Everest specialist unit Mt. Logan Capital...
“The boat is safer anchored at the port, but that is not the aim of boats.”― Paulo Coelho, The Pilgrimage
Did you know that you are not required to have boat insurance to operate a vessel on the water in...
You don’t need to be a millionaire to leave a meaningful legacy to your loved ones. Here, how to begin thinking of your legacy, and how to begin building it now, in both monetary and value-based waysby Anna Davies...
If you are able, take photos to document circumstances of the accident.
Your first instinct after a car accident may be to call for help. Do you have a plan for what comes next?...
Last Updated on July 4, 2024 by adminBoshers Insurance is headed by Jason Jackson, who has worked in the insurance industry for 36 years. Jason is an avid history fan and enjoys travelling both abroad and within the UK....
Make yourself visible no matter the time of day.
The pandemic, rising fuel prices and climate change concerns – along with improved battery technology and e-bike options – have combined to create a...
Last Updated on April 6, 2022 by adminIn response to the Covid-19 pandemic, the hospitality and tourism industry have pulled together to produce protocols across all sectors, including specific Covid-19 Holiday Let Cleaning Guidance for self-catering properties. The Covid-19...
Sharing a meal from the grill is a great way to kick off the summer this holiday weekend.
Memorial Day traditionally marks the beginning of summer: time to grill on the patio, take the...
Just as you would before any important purchase, do some research before buying insurance.
Many people research expensive purchases like homes, cars, or gadgets to make sure they get the best value for their...
Last Updated on March 17, 2021 by adminTemporarily Closed Holiday Letting Properties – Updated 17th March 2021We appreciate the significant impact that government measures to control the spread of the coronavirus is having on all businesses, not least self-catering...
New Jersey Doesn’t Require Boat Insurance. Get it Anyway.May 26, 2022May 26: Closing at 12:00pmMay 25, 2023
Capt. Richard I. Risely, Union Army, Civil War. He is Tim Glenn’s Great, Great Grandfather.
We at Glenn Insurance support our men and women...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Today, we’re talking about the types of insurance you absolutely need to stay protected and keep your financial future on track. Now, I get it—insurance may not be your idea of a good time, but hear me out. The...
Bogle Agency Insurance, Lyndhurst NJ, has been named a “Best Practices Agency” for 2024. This marks the 22nd consecutive year that we have done so, and we join an elite group of independent insurance agencies nationwide. The “Best Practices...
Are corporate officers exempt from workers compensation in Florida? The answer is yes, but it depends on various factors like the industry and business structure. Here’s a quick rundown:Construction Industry: Corporate officers with at least 10% ownership can apply...
“How did we get to this point?” It’s a question that we read and hear all the time, and certainly, most of us have asked it at some time in the last three years. How did it come to...
For medical professionals, securing a mortgage can be an arduous process due to their unique financial circumstances. Extensive education and substantial student loan...
A side business is a great way to make extra money or pursue your passion before building it into a full-time career. If you are considering starting a side business or are already successful in an endeavor, it is...
Health insurance plans each have their own rules, benefits and drawbacks. These can be tricky enough to work out when you're buying health insurance for just yourself, but when you're looking for a plan to provide employee benefits, a...
China’s National Financial Regulatory Administration (NFRA), the financial industry regulatory agency under the State Council of the People’s Republic, is continuing to promote Hong Kong as a venue for insurers and reinsurers to sponsor catastrophe bonds.Speaking at a conference...
Every Fall brings an opportunity to make an annual Medicare election, which often fills people with dread due to the range of choices that bombard them over the summer. A health insurance broker licensed to sell Medicare health plans...
In the United States, health care costs affect both employers and employees, and the costs have projections to jump by the fastest rate in 15 years. The
Business Group on Health estimates the costs will jump by 8% in...
Sump pumps are often out of sight and out of mind, quietly waiting to do their job when needed. This essential appliance is designed to remove excess water from basements, protecting your home from flooding. However, like all equipment,...
2022 Mid-Market Employee Benefits Benchmarking Survey Results
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With an extremely competitive labor market, it is important for employers to recognize the challenges of the current employee benefits market and understand how to take advantage of opportunities to attract...
Employers with insured group health plans may soon receive a medical loss ratio (MLR) rebate from their health insurance issuers. Issuers who did not meet the applicable MLR percentage for the last calendar year must provide rebates to plan...
Highlights
Cost containment in healthcare is a significant concern for small and midsized companies.
Many SMBs are discovering the advantages of transitioning from a fully funded to a self-funded insurance plan.
Self-insured (or self-funded) insurance provides financial control, data transparency, flexible plan...
