Calculating How Much Term Life Insurance Will Cost

A young Asian couple going over their assets and debts while calculating how much life insurance will cost. They are seated at a desk with a laptop, calculator, and documents.COVID has largely been a contributing factor in individuals’ decisions to purchase life insurance, yet these policies remain a foreign concept to a lot of citizens who don’t believe they have the funds available to invest. It’s a policy that provides peace of mind for yourself and your loved ones, but if you’re unfamiliar with life insurance, you’re likely questioning how much you need and how much you should pay. Fortunately, we’re here to help you understand the keys to calculating how much term life insurance will cost. [Read more…]

Understanding Contractual Liability

Contractual liability  - TJ Woods Insurance, MAWhen businesses sign an agreement to work together or lease a property, it often involves signing an indemnity agreement, also known as a hold harmless agreement.

Definition of Contractual Liability

In this agreement, one party promises to assume the liability of the other under specified conditions, which is called contractual liability. If Company A assumes contractual liability for Company B and Company B is sued, then Company A will indemnify (reimburse) Company B for the costs of the lawsuit.

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12 Estate Planning Questions You Should Know

Estate planning is not an easy topic to think about. One of the biggest mistakes you can make is to put off the estate planning process for a long time. [Read more…]

10 Long-Term Care Insurance Questions to Ask Before You Buy

Two out of five Americans will eventually needs long-term care at some point in their lives. Long-term care insurance covers [Read more…]

Best Ways to Give Money Now – Estate Planning Series Part Four

Estate planning usually brings to mind images of burial services and will-readings. But there’s a whole other side to estate planning that revolves around ways to give money now. [Read more…]

Would a Trust Be Beneficial to You? – Estate Planning Series Part Three

How do you know if a trust is beneficial to you? Perhaps the most accurate way is to check with a licensed estate planning  professional. [Read more…]