When Should You Purchase a Life or Disability Insurance Policy on Someone Else?

Jamie Articles

Typically people purchase their own life and disability insurance policies on themselves. However, sometimes people choose to purchase a policy on someone else. Juvenile policies. One of the most common times people purchase policies on someone else is when they purchase a life insurance policy on their child or grand child. The benefit of doing so is to protect child’s …

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Ohio National Announces New Business Disability Products

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Ohio National’s New Disability Income Insurance Products: Business Overhead Expense (BOE) and Disability Buy-Sell. Ohio National announced they are introducing all new, industry leading disability income insurance products. Ohio National Overhead Expense (BOE) policy offers: Non-cancellable level premium pricing. Own occupation definition of disability with new built in residual disability benefit and replacement salary expense. New income and participation limits—issue …

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Dentists and Disability Insurance as Business Owners

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Dentists are not only practitioners, but are business owners as well. As such, they need to protect themselves in several ways when it comes to disability insurance. Individual disability policies are designed to protect their personal income or take home pay. Premiums are paid with after tax dollars and the benefits are payable tax free at the time of claim. …

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Life Insurance Beneficiaries

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Life Insurance Changes—Is it time to change your beneficiary? By Jamie K. Fleischner, CLU, ChFC, LUTCF President, Set for Life Insurance If you have experienced a life change in the last few years, it may be a good idea to review your beneficiaries on your life insurance. Changing a beneficiary requires a simple form. However, if it not changed before …

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