HR with Tightened Purse Strings Can Still Meet the Challenge of Keeping Employees Happy
Between the elevated food, transportation, and energy prices; plunging home values; and volatility surrounding the investment market, consumer attitudes have been shaken to their core. Businesses of all trades are feeling the pinch as the consumer’s belt is forced to steadily tighten. Human resources (HR) departments particularly face some rather complicated and unique challenges during difficult economic times. For example, a business facing financial cutbacks may decide to cut the benefits budget in HR, only to then task the department to motivate employees feeling the results of...
Read MoreProtection for a “Rainy Day”
A Personal Liability Protection (PLP) policy picks up where auto and home coverage leave off. It doesn’t necessarily take a natural disaster for you to lose the things that matter to you most. A lawsuit can also take a heavy toll on your financial assets. That’s why a personal liability or “Umbrella” policy is so valuable—it protects what you’ve worked so hard to achieve from substantial legal claims against you, as well as a variety of other claims not covered by your auto or home insurance. PLP provides peace of mind. Most personal excess liability polices offer the following...
Read MoreCritical Illness Insurance – If you can’t afford a long term care policy, this may be a good alternative.
Are you familiar with critical illness insurance? Some people aren’t. It doesn’t get as much attention as disability insurance or long term care coverage. But if you face a serious health threat, a critical illness policy can help to ease a financial burden. A tax-free lump sum at a crucial time. That is what critical illness insurance provides. If you have a life-threatening illness severe enough to prevent you from working, the money from a critical illness policy can be used to pay medical bills and even some costs not covered by medical insurance. While the insurance premiums are not...
Read MoreDisability Insurance: The “I’ll Never Need It” Insurance
Why disability insurance could be the most important insurance you DON’T have. Are you going to live forever? Of course not. As someone once said, life is terminal – and no one gets out alive. Most of us understand that and have accepted it. We all want to leave this world with our financial affairs in good order. So we draft a will and an estate plan, and we purchase life insurance. But few of us consider disability insurance – the coverage that can help us maintain our income and quality of life while we are alive. Do you think you don’t need disability coverage? Think again. What...
Read MoreHow LTC Insurance Can Help Protect Your Assets
Create a pool of healthcare dollars that will grow in any market. How will you pay for long term care? The sad fact is that most people don’t know the answer to that question. But a solution is available. As baby boomers leave their careers behind, long term care insurance will become very important in their financial strategies. The reasons to get an LTC policy after age 50 are very compelling. Your premium payments buy you access to a large pool of money which can be used to pay for long term care costs. By paying for LTC out of that pool of money, you can preserve your retirement savings...
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