Financial & Insurance Solutions

Term life insurance pays a stated death benefit if the insured person dies during the term specified. 

Premiums are based upon age and other factors and have no value other than the death benefit.

Least expensive form of life insurance.

Whole life insurance provides coverage for the entire life of the insured person. Whole life also contains a savings component in which cash value may accumulate.

Premiums are level, cash saving draw interest, loans and withdrawals can lower death benefit.

Key person insurance is a specific type of company-owned life insurance designed to help keep a business afloat even if the owner or another important employee dies.

The business pays the insurance premiums and is the beneficiary of the life insurance policy.

 An annuity requires the issuer to pay out a fixed or variable income stream to the purchaser, beginning either at once or at some time in the future. 

Annuities are financial products that offer a guaranteed income stream, and can be categorized as immediate or deferred, and fixed, variable, or indexed.

 Long-term care (LTC) insurance is coverage that provides nursing-home care, home-health care, and personal or adult daycare for individuals age 65 or older or with a chronic or disabling condition that needs constant supervision. 

Long-term care insurance offers more flexibility and options than Medicaid.

Final expense insurance is a whole life insurance policy that has a small death benefit and is easy to get approved for. Final expense insurance is also called funeral insurance, burial insurance, simplified issue whole life insurance, or modified whole life insurance.

All relate to small whole life policies with a face value (and death benefit) of $2,000 to $35,000. 

Commercial general liability insurance is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises. 

Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft, or watercraft.

Professional liability insurance (PLI) protects professionals against negligence and other claims initiated by their clients.

Professionals with expertise in a specific area require this type of insurance because general liability insurance policies do not offer protection against claims arising from negligence, malpractice, mistakes, or misrepresentation.

A business owner's policy (BOP) combines protection for all major property and liability risks in one insurance package. This type of policy assembles the basic coverages required by a business owner in one bundle; however, it is usually sold at a premium that is less than the total cost of the individual coverages. 

Workers’ compensation, commonly referred to as “workers’ comp,” is a government-mandated program that provides benefits to workers who become injured or ill on the job or as a result of the job.

It is effectively a disability insurance program for workers, providing cash benefits, healthcare benefits, or both to workers who suffer injury or illness as a direct result of their jobs.

Proper auto insurance coverage is imperative for businesses that own vehicles or even send employees out on errands in their own vehicles, as it helps to protect the company against liability and loss following an accident, theft, or other incidents.

While personal auto insurance can protect certain business pursuits (such as real estate agents and rideshare drivers), this coverage can be limited and may not fully protect you and your business every time you or your employee get behind the wheel.

 Commercial property insurance is used to cover any commercial property. Commercial property insurance protects commercial property from such perils as fire, theft, and natural disaster.

A variety of businesses, including manufacturers, retailers, service-oriented businesses, and not-for-profit organizations carry commercial property insurance. It is generally bundled together with other forms of insurance, such as commercial general liability insurance.