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Here’s How to Use HSA Funds for Family Members
Posted: August 28, 2023
Here’s How to Use HSA Funds for Family MembersCan you use your health savings account (HSA) to pay for the expenses of family members and dependents? For specific family members, the answer is definitely yes. Here is a look at how the IRS allows you to use your HSA to pay for the healthcare costs of your loved ones. Who Qualifies to Have a Health Savings Account? Under IRS requirements, to qualify for...
Is Universal Life Insurance Right for Me?
Posted: August 22, 2023
Is Universal Life Insurance Right for Me?Universal life insurance is a type of permanent life insurance that provides lifetime coverage as long as you pay your premiums. Like other permanent life insurance, it has a cash value element that can be used for different purposes. Universal life differs from whole life in that it allows you to lower or raise your premiums within certain limits and offers more flexibility. How Does...
Batten Down the Hatches: What To Know About Winterizing Your Boat
Posted: August 22, 2023
Batten Down the Hatches: What To Know About Winterizing Your BoatAs the days become shorter and the temperature dips, the inevitable appears on the horizon for every boater: winter. But don’t let the impending off-season blow you off course. By planning to properly winterize your boat, you’ll confidently end the season knowing you and your beloved ship will be ready to take on the waves as soon as the snow passes and spring arrives. A...
Errors and Omissions Insurance: What Is Covered?
Posted: August 19, 2023
Errors and Omissions Insurance: What Is Covered?Errors and omissions (E&O) insurance is a type of professional liability insurance. It is designed to protect professionals, including companies and workers, against claims of negligent actions or inadequate work brought by clients. Companies that provide services to customers for fees often purchase E&O insurance. What Does Errors and Omissions Insurance Cover? Generally, E&O insurance covers actions of professionals providing a service, including: Errors, mistakes,...
Writing Your Will: Common Questions and Simple Tips
Posted: August 17, 2023
Writing Your Will: Common Questions and Simple TipsHave you thought about your final wishes in life?We know it’s not a particularly fun topic to discuss. But the truth is, writing a will is an important step to help your loved ones in the event of your passing. (So is choosing the right life insurance.)If you’re one of the 60% of Americans without a will or if you just haven’t updated yours in...