A knowledgeable insurance broker can help you navigate the complexities of insurance policies and find the best rates and coverage options that fit your unique circumstances. Some types of insurance you might need to consider include: Workers' compensation insurance: Mandatory in most states if you ...
How does term life insurance work?Term life insuranceprovides coverage for a certain number of years, typically between 10 and 30. With term life insurance, you decide how long you anticipate needing the coverage — for example, until the mortgage is paid off, until the kids graduate from col...
When you sell a life insurance policy, the money you receive can be taxed in three different ways: as ordinary income, as long-term capital gains or as tax-free income. Here’s a simplified explanation of how the Tax Cuts and Jobs Act of 2017 affects the taxation of life insurance ...
some paperwork immediately, such as the pile of credit card offers. Other documents need to be filed away. These include bills, receipts, bank statements and insurance policies. How long to keep each depends on the particular document, what it was originally for and how you have used it ...
However, because of the FHA insurance, the borrower or their heirs will never owe more than 95% of the house's appraised value as the FHA will pay the bank any additional balance. How do you pay back a reverse mortgage? If you or your heirs wish to retain the house, there are two ...
Ensure that these policies are well-defined and signed off by your company’s management so that standard payroll processing can be established. Gathering input data:Interacting with multiple departments and payroll is often an integral part of the payroll process. These are the people who can give...
Now that we understand the importance of keeping credit card statements, it’s crucial to determine how long you should retain them. While there is no one-size-fits-all answer, there are some general guidelines to consider. One common suggestion is to keep your credit card statements for at...
Wondering how to hire the best employees who go the distance? A well-designed hiring process does more than just help you find qualified candidates — it sets the stage for long-term success by improvingemployee retentionfrom the get-go. ...
Recovery is possible in the long term, especially when you aren't bogged down by short-term reactions. The market can be a rollercoaster, and while the S&P 500 is up 10.4% year to date as of May 29, not every sector or individual stock reflects this upward trend. ...
This section of an insurance contract specifies what the insurance company may pay out to you for an eligible claim, as well as what you may pay to the insurer for a deductible. How these sections of an insurance contract are structured often depends on whether you have an indemnity or non...