July 16, 2019

Captive vs Independent Insurance Agent – Who Saves You More Money?

Insurance is a necessity of life, but it can feel burdensome to business owners. Not only do they have to pay high premiums for good coverage, they have to carry multiple personal and business policies. If you’re like most business owners I know, you feel “insurance poor.” However, if you understand the distinction between a captive vs independent insurance agent, you can actually reduce the cost of your insurance.
September 1, 2017

Financial Steps to Prepare for a Storm

No matter what your religion is, you have probably heard the Bible verse, “Love thy neighbor as thyself.” Or what many refer to as the Golden Rule, which can be found in many religions. That’s exactly what happened in Houston, TX after Hurricane Harvey made landfall in 2017. Millions around the country showed up to help with relief efforts. With the amount of devastation, all these efforts were great. Sadly, Texans will be cleaning up long after the good samaritans that came to their aid are gone.
August 14, 2017

An Umbrella Policy – The ONE Insurance Small Business Owners MUST Have

RAs a business owner, you know there is a litany of insurances you need to protect yourself and your business from various mishaps. There’s home, auto, life, disability, business overhead, general liability, you get the point. We are insurance poor (business owner’s especially). However, there’s likely one insurance in particular that you may not realize you need. Most business owners tend to overlook this particular policy. Some may even dismiss it as an unnecessary expense. In spite of that, I’m going to tell you today that just isn’t true. It’s vital for your security. What insurance am I alluding to? An umbrella policy.
June 5, 2017

Keep your Beneficiary Statuses Updated

Marriage is a bond that not only ties your hearts but your finances too. Recently, a client that lost a spouse asked me, “What should I do with the money?” There are many answers to this question and it depends upon your own personal situation. In this particular case, both spouses were previously married to other people. One ended in death, while the other ended in divorce. So obviously this was a blended family. When the wife passed, she left the money in her IRA to the husband. His primary concern was how do I take this money and divide it among the beneficiaries? That’s why it’s so important to keep your beneficiary statuses updated on all important accounts and legal documents.
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