Should I Offer My Employees Critical Illness Insurance?
Posted: May 28, 2020
Critical illness insurance is designed to compensate policyholders in a lump payment if they are diagnosed with a range of illnesses as listed in the policy. These policies can also be structured to make a series of payments based on the policyholder’s condition and ongoing medical treatments. Also known as catastrophic illness insurance, it covers major health emergencies, such as heart attack, cancer, or stroke....
What Does Contractors Insurance Not Include?
Posted: May 19, 2020
Every contractor needs a commercial general liability insurance policy to protect company assets and reduce liability risks. Commonly known as contractors insurance, a construction general liability policy can protect your contracting business against liability for injuries, accidents, and property damage. Proof of this type of insurance is required for many jobs for both contractors and subcontractors. What Kinds of Coverage Does Contractors Insurance Provide? A...
What Are The Minimum & Maximum I Can Contribute To My 401(k) Each Year?
Posted: May 13, 2020
There is no minimum amount you are required to contribute to your 401(k). However, there are suggested amounts to help maximize your retirement potential. There is a maximum amount you are allowed to contribute to a 401(k) annually, as established under federal law. What Are the Suggested Amounts for 401(k) Contributions? By the time you reach age 35, some financial experts say you should have...
Insurance Coverage For Churches
Posted: May 4, 2020
Like anyone else today, churches need insurance to protect their assets. They face many of the same risks as for-profit businesses, and they also have their own unique risks. As non-profit organizations, churches need certain types of coverage to help manage the risk of unforeseen events. Nonprofit Insurance For Churches Your church insurance package may include the following types of coverage: Business property insurance: Churches...
My 401(k) Is "Frozen" — What Does This Mean & Why Did It Happen?
Posted: April 28, 2020
The decision to freeze a 401(k) is made by company management. This often occurs after a merger, while the new company decides what to do with its inherited 401(k) plan. If your 401(k) has been frozen, you won’t be able to make any withdrawals or make any new contributions as long as the freeze continues. In most cases, you can move assets from one investment...