Group Life Insurance for Small Business

   

.

A popular employee benefit for both employers and employees is life insurance. Offering it is completely optional but worth considering if you and your employees can benefit from the possible lower rates of insuring a group. If you're considering including life insurance in your employee benefit package you will have several coverage issues to consider, including whom to cover and the type and amount of coverage to offer.

Group life insurance covers the lives of multiple persons such as some or all employees of a business, members of a labor union, or members of an association. Depending on the group life insurance policy, the insured person may receive life insurance coverage as an employee benefit, make a contribution to pay part of the cost, or may pay for the group life insurance policy on their own.

Tax implications. Generally, group-term policies are nondiscriminatory because the amount of insurance is consistently based on some multiple of each employee's compensation. If all the requirements are met, the cost of the premiums for the first $50,000 of group-term life insurance isn't included in the employee's gross income (for tax purposes). If the requirements aren't met, you can still provide the insurance, but the value of the insurance will be taxable compensation to the employee.

How Much Life Insurance is the Right Amount?

Most group-term policies offer either a set amount of insurance (for example, a $10,000 policy for each employee) or are based on the employee's salary (for example, policy values of one, two, or three times the employee's yearly salary). In some cases, you can allow employees to purchase life insurance in increments, the cost of which is based on their age.

Group life insurance costs

Your company's group life policy will be priced based on your company size, the average age of your employees, males vs. female ratio and your industry.


Does your business need a quote?

Mintco Financial has been serving thousands of small business owners getting Group Life Insurance for their businesses.

Mintco Financial will help you to decide the best plan for your employees.

Get a free quote at http://www.mintcofinancial.com/quotes/group-life-insurance-quote/

Or call us direct at 813-964-7100

Term Life Insurance for single parents

How to make sure you take care of your kids if the unthinkable should happen to you?

Get info.

If you�re depending upon a noncustodial parent to provide support for the kids, make sure that person is carrying adequate insurance, too. Find out the details of the policy. How much coverage is there? Where is it held? Are your children the beneficiaries?

Figure out how much you need for yourself.

A very rough rule of thumb continues to be 6 to 10% of your salary. But you could add more to cover college for your kids, the cost of your funeral and even the payoff of your mortgage. It is cheaper to roll those costs into one life insurance policy than it is to buy separate and specialized policies for each one.

Buy a term policy.

That is the simplest and cheapest way to get coverage; you buy a benefit for an annual premium that is guaranteed for a certain term (30 years is a good number now, with kids coming back after college and still needing support). There�s no cash built up in the policy, but costs are quite low.
Get a free quote with an independent  agent such as Mintco Financial, so they can shop for you the best rates. Here it is the link: http://www.mintcofinancial.com/quotes/term-life-insurance-quote/

Or if you prefer call 813-964-7100 and they will give you a quote according to your situation.

Pass it around.

Keep information about your policy with the rest of your estate documents, and let the people who will be in charge of your estate and your kids know how to find it. If you want to do a little bit of bragging about your new policy, go ahead. Covering your kids� futures with a good policy on your life is just one more way to be a good parent. As a matter of fact, you could treat yourselves to pizza for dinner on premium-sending nights. You deserve it.

Senior Life Insurance and pre-paid funeral

The biggest advantage to buying life insurance is the extra money. Not only are you able to provide your family with the necessary funds to cover your funeral expenses, but you also are able to leave loved ones with extra money to live on. Secondly, a life insurance policy provides your family with one lump sum check of tax free money! Life insurance is usually more affordable than a prepaid plan, especially if you�re in good health. Finally, there are a variety of flexible payment options associated with life insurance compared to a pre-paid funeral plan. Each life insurance policy is tailored for the insured and therefore provides options like multiple beneficiaries and flexible amounts of coverage rather than only getting the same few choices as everyone else at a funeral home.

The most important disadvantage of buying a prepaid funeral plan is that you HAVE to use the money on the funeral because you are paying the funeral home. This goes hand in hand with another big concern, which is if you move out of state. Funeral homes often times will not refund you the money spent on a plan, so instead of buying an insurance solution to allow your family to pay for your funeral, you simply lose your money invested or force your family to pay even more burial costs for transportation. The final problem associated with a burial policy is as many people start to get older, they change their mind on being buried and often times want to be cremated out to sea. Just like you if want to switch funeral homes, you usually can�t get all of your money back. There are too many unexpected things that could happen in the future to rely solely on a prepaid funeral plan.

Call Mintco Financial Indpendent Advisors for a free quote. We are independent financial advisors.

Independent Advisors has the ability to compare price, product, and service to insure the best life insurance quotes.

The final benefit is that an independent agent has the ability to apply to multiple companies in case one insurer won�t write the policy. There are times when a client applies to multiple carriers and receives multiple rates that are not similar.

Call us now at 813-964-7100 or fill the quote:

http://www.mintcofinancial.com/quotes/final-expense-life-insurance-quote/

Kris Jenner Demanding Kanye West Take out A $10 Million Dollar Life Insurance Policy

Kris Jenner is demanding that Kim Kardashian�s boyfriend and baby daddy, Kanye West, take out a $10 million dollar life insurance policy, RadarOnline.com is exclusively reporting.

�Kris has made it known to Kim and Kanye that she expects the singer to take out a hefty life insurance policy, naming their baby as the primary beneficiary and Kim as second,� a source close to the situation tells Radar. �Kanye is absolutely on board with getting the policy and had actually already looked into it before Kris brought it up. Kanye is in perfect health but he travels a lot and performs all over the world, sometimes in not so safe locales, and that concerns Kris. It�s basically just good sense, and pretty common procedure for new parents, though not usually for such a high amount! Kim will also be taking out her own life insurance policy naming the baby as the beneficiary.�


Kris Jenner is right about Kim kardashian and Kanye West get a life insurance policy, as they will become new parents.

Thinking about life insurance isn't easy: It forces you to face your own mortality and the thought of leaving loved ones behind. But difficult as it is, it's crucial to make time for a heart-to-heart with your spouse, especially once you become a parent.

By planning for the unthinkable, you can ensure that if you die or become disabled, your family will be able to pay for food, shelter, and healthcare; handle debts and major expenses (including college tuition); and generally maintain the lifestyle they're accustomed to.

How much do I need?

One rule of thumb is five to ten times your annual income. Everyone's situation is different, though, so how much insurance you need depends on various factors:

• How much your family spends annually on items like housing, food, and clothing
• How much your family would need to cover large one-time expenses, such as your children's college education
• How much your spouse earns (in other words, how much of the family expenses your spouse's earnings would cover)
• How much your investments and other assets are worth (how much of your family's expenses they'd cover)

Need a quote? Mintco Financial Team can give you the best quote and service for your family needs.


Call us at 813-964-7100 or visit our website at http://www.mintcofinancial.com/products/life-insurance-quote/

Gene Simmons and Life Insurance

What does former rock star Gene Simmons (of the band better known as KISS), have to do with life insurance? Here�s a clue: rock stars, like professional athletes, entertainers and other celebrities, occupy the elevated station of �high net worth individuals.�

�All of those who have worked hard to become high worth individuals want to  maximize our estates for our loved ones. It�s your responsibility to find out everything you can about your life insurance strategy,� said the lead singer.

�Life insurance is a must,� he says. �It�s the one thing in your life you are doing for everybody else. Once you are dead, you really don�t care, but while you are alive it is the one big, selfless thing you should be doing. And you should try to maximize the amount of money that you leave behind to your family, your loved ones and whoever else you deem.�

Free Life Insurance Quote:http://www.mintcofinancial.com/products/life-insurance-2/

Understanding Survivorship Life Insurance

Survivorship life insurance ("second-to-die" or survivor insurance) provides one policy that insures the lives of two people, usually spouses. No proceeds are paid when the first spouse dies. The policy remains in effect and premiums may need to be paid. The death benefit is not paid to the beneficiary until the death of the second insured.

An Estate-Planning Tool

For couples who expect that substantial estate taxes will be assessed on the death of the second spouse, survivorship life insurance is an attractive estate planning vehicle. By providing a death benefit upon the death of the surviving insured, survivorship policies can be used to pay sizeable estate taxes and other expenses at the death of the second spouse.

Mintco Financial Advisors can assist you and help you decide if survivorship insurance is right for your estate planning needs. Contact us at mminter@mintcofinancial.com or call us at 813-964-7100

Health Considerations

Survivorship insurance may be a good strategy in cases where one member of a couple is in less than good health, making other types of insurance extremely expensive. Since two lives are insured, premiums for survivorship life policies are relatively low compared to individual policies on each spouse�s life. Therefore, if the other spouse is in reasonably good health, the couple can usually obtain survivorship life insurance.

 

Free Life Insurance quote:http://www.mintcofinancial.com/products/life-insurance-2/

Term Life Insurance Quote:http://www.mintcofinancial.com/products/life-insurance-2/

Life Insurance for Seniors Quote:http://www.mintcofinancial.com/products/life-insurance-2/

Contact www.MintcoFinancial.com

Call 813-964-7100 to get the most affordable Life Insurance for you to protect your family and assets.

 

 

 

Neil Armstrong�s Life Insurance Came In The Form Of Autographs

Before Neil Armstrong went to the moon in 1969, he thought about life insurance and like all caring fathers, took some precautionary measures to protect his family.

Since life insurance was extremely cost prohibitive for an astronaut that might not return from his moon mission, Armstrong thought of another solution. Instead of taking out a life insurance policy, Armstrong and his fellow Apollo 11 astronauts signed a stack of �covers,� or envelopes marked with important dates. These envelopes were given to their respective families, and could be sold should they not return from their moon mission.

In 1969, when Armstrong was preparing for his moon voyage, a life insurance policy could have cost well into the thousands of dollars, according to Business Insider. At that time, astronauts were only taking home about $17,000 per year.

With all the media attention focused on the astronauts� moon mission, there was a skyrocketing demand for signed photographs containing their autographs, according to space historian Robert Pearlman as told to NPR, making the memorabilia potentially profitable.

An autographed photo today of Armstrong in his white spacesuit typically can sell for about $5,000 at auction, according to the Houston Chronicle. With Armstrong�s death, it can be expected that signed Armstrong photos would fetch at least 30 percent more.

Unfortunately, Armstrong having difficulty affording life insurance is not unique to moon travelers. Many Americans too have difficulty affording life insurance.

Need a quote? http://www.mintcofinancial.com/quotes/whole-life-insurance-quote/

Call us at 813-964-7100

www.MintcoFinancial.com

Term Life Insurance Quote as seen on NBC TV

We understand the importance that term life insurance provides to a family's financial future. We also recognize that it is just one piece in your financial plan and needs to be the most cost effective option.

You may be used to insuring key assets � such as a car or home � against loss or damage. But it�s important not to overlook insurance protection for your most important asset which is you.

While the chance of your premature death is remote, there are significant financial risks to those you leave behind if you don�t have life insurance protection.

Get a free Term Life Insurance quote: FREE QUOTE! 

Call us at 813-964-7100