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If you plan on or are already renting out property that you own, you may want to look into purchasing landlord insurance. Landlord insurance is made so that you don’t suffer any financial loss due to property damage or liabilities. Renting property is a good source of steady income, but you never know when something may happen that damages your property. Whether it’s damage from a fire or a burst pipe, it’s always better to be covered under insurance.  

What is Landlord Insurance  

Landlord insurance financially protects you from damages and liabilities that can occur on your property. When you purchase landlord property protection, it generally covers you from damages from fire, wind, hail, and lightning. Liability covers the costs of medical bills in the event someone is injured on your property and also covers. You can purchase extra coverage for the appliances on your property, or if you provide furnishing you can insure those, as well.  

Why You Need Landlord Insurance 

Anyone renting out a property should have landlord insurance. It covers you from property damage and liabilities. View your insurance policy as a financial investment. If you don’t have landlord insurance and something happens to your property, you could suffer financial loss.  

What Landlord Insurance Covers 

Depending on where you live, how many tenants occupy your property, and what you provide for them affects the cost of your landlord insurance and how much the insurance covers.  

Additional landlord insurance coverages include vandalism, burglary, building codes, and if your building is under construction and something happens to it. Depending on your insurance agency, vandalism isn’t typically covered under a traditional landlord insurance policy, so if vandalism is one of your concerns, you should add it to your coverages.  

Landlord insurance will cover the cost of damages from a break-in, but it doesn’t usually cover stolen items. If you are concerned about furniture or other items from your property being stolen, you should add burglary coverage to your insurance policy.  

If you are renovating or repairing your rental you can purchase coverage to protect your property until it’s ready for inhabitants. If your property can no longer support inhabitants, you can potentially receive loss of income coverage for your losses while your property is repaired.  

What Landlord Insurance Doesn’t Cover 

Landlord insurance will not cover maintenance fees. If any appliances in your property break, you will likely have to pay out of your pocket to repair or replace them. If you live on your property and rent out a room you will most likely not be eligible for landlord insurance. Landlord policies are reserved for “non-owner-occupied” property. You can probably add extra coverage to your homeowner’s policy if you need to.  

Your tenants’ belongings will not be covered under your landlord insurance. They will need to have their own renters’ insurance to cover their own belongings. As a landlord, you can require tenants to have a renter’s insurance policy.  

Connect with your local insurance agent to further discuss landlord’s insurance and what coverage is best for your property needs.  

Earthquake damage can be costly. Depending on the severity and amount of damage, your home may need to be repaired or even rebuilt. Standard homeowners’/renters’ insurance does not cover earthquake damage, so earthquake insurance has to be purchased separately. Earthquake insurance is a good investment for those that live in areas frequently affected by earthquakes.  

Why You Need Earthquake Insurance 

Earthquakes can happen anywhere in the world, and the vast majority of people aren’t prepared. If your home is close to an active fault line (where earthquakes are the most likely to occur), then it is even more important to have earthquake insurance.  

How homes are built also factors into how much damage can occur during earthquakes – the layout of the house, the materials, and even what kind of soil the house is built on are contributing factors. Softer soils will shift more during an earthquake, which can cause extensive damage to the foundation of the home. Homes that are too stiff and rigid (brick and mortar) or irregularly shaped are more likely to collapse than those with more flexibility (wood frames).  

You may also want to consider the value of your home and its contents when purchasing an earthquake insurance plan. If you possess valuable China or crystal, you may want to purchase a more extensive plan that can cover the loss of these items. 

What Earthquake Insurance Covers 

Earthquake insurance and the amount of coverage received depends on an individual’s policy. Earthquake insurance typically has three parts consisting of dwelling coverage, personal property coverage, and ALE (additional living expenses)/ loss of use coverage. 

Dwelling Coverage covers your home up to a set amount, also known as “the limit.” This is similar to homeowners’ insurance. This coverage helps pay to repair or rebuild your home in the event an earthquake damages it.  

Personal Property Coverage covers objects in your home like TVs, computers, and furniture that can be damaged during an earthquake and may need to be replaced.  

Additional Living Expenses (ALE), or Loss of Use Coverage covers the cost of living somewhere temporarily while your home is being repaired/rebuilt. It can cover the cost of a rental home, hotels, apartment, moving/storage, restaurant meals, and laundry depending on your personal earthquake insurance plan. This part of the coverage is bound to a set of time that it takes to repair/rebuild your damaged home or the amount of time it takes for you to move to a new, permanent one.  

Consider these coverages when purchasing your earthquake insurance. Each person/family has different needs so it’s better to personalize your insurance plans. 

What Earthquake Insurance Doesn’t Cover 

Earthquakes can cause all different kinds of damage to occur, including fires and flooding. Earthquake insurance doesn’t cover damage caused by fire or flooding from outside your home. Fire damage is covered under homeowners’ insurance. If an earthquake caused a pipe to burst into your home resulting in water damage, homeowners’ insurance would cover this damage. If water from outside of your home were to flood your home as a result of an earthquake, a flood insurance plan would be the coverage you need.  

Earthquake insurance also doesn’t cover any damage that may happen to land after an earthquake occurs, such as sinkholes. It doesn’t cover any damage that may occur to your vehicles – you will need to look at your automobile policy to see if it covers earthquake-related damage. 

Earthquake insurance can cost a pretty penny, and many homeowners choose to forego it. Earthquake damage can be very pricy, so it is better to be prepared and insured than not, as you never know when a devastating earthquake may happen. Reach out to your local independent insurance agent to learn more about earthquake insurance and what plan your home would need. 

If the home is where the heart is, then you should be in love with your homeowner’s insurance. Homeowner’s insurance is an essential part of keeping your home and your most important asset safe. It financially protects your home and your personal belongings in the event they are stolen or damaged.  

Why You Need a Homeowner’s Policy  

While you’re not required to have homeowner’s insurance, it is a good idea to have it. If you’re buying a home, you will not be able to get a mortgage or loan to buy a house without one. Your lender will require you to have a homeowner’s policy until the loan is paid off.  

Even if you own your home outright, you should still have homeowner’s insurance—especially if you don’t have the financial means to start over with nothing. Not having a homeowner’s insurance policy can result in life-altering monetary loss. Your home is probably your most valuable asset, so you should want to protect it.  

What Home Insurance Covers  

Home insurance typically covers four areas: the exterior and interior of your home, your personal property, any other buildings or structures on your property (like sheds or garages), and provides liability if someone were to be injured on your property.  

Your homeowner’s policy should cover damage from fire, storms, vandalism, and smoke. It will not cover any damage from earthquakes or floods, as those are separate from homeowner’s insurance.  

In the event your home is damaged and you need a temporary residence, your homeowner’s insurance could cover it. If additional living expenses (ALE) are part of your policy, your insurance will cover the cost. This includes hotel, rent, and even meals. 

The Best Policy for You 

Everyone’s needs are different, and that’s why a homeowner’s policy is customizable. Depending on your needs, you may need more coverage. Apart from the four areas that a homeowner’s policy can cover, there are three different levels of coverage to choose from. There’s actual cash value, replacement cost, and extended replacement cost. 

Actual cash value covers the cost of your home plus the worth of your possessions. This level doesn’t take into consideration the cost of your personal property when you buy them. Items depreciate over time, so this level of insurance covers how much your items are worth.  

Replacement cost covers the value of your home and your items without factoring in the depreciation. This means you will get the same amount you paid for these items. This plan allows you to repair your home up to its original value, and not just how much it’s currently worth.  

Extended replacement cost covers however much it costs to repair your home. Most policies only cover up to a certain limit (the minimum is typically $100,000). Because of inflation and a market that’s constantly changing, the value of your home and belongings changes day to day. This plan covers more than you actually purchase, so it can cover up to 25% higher than the limit.  

Many homeowners opt to get insurance plans that only cover the cost of their home, but most insurers recommend the extended replacement plan because it covers more than you need. It is more expensive than the other plans, but it provides a comfortable cushion for homeowners to rest easy, knowing that their house and their belongings will be fully covered no matter the state of the market and the price of construction.  

If you’re looking to buy a new home or just need a new homeowner’s policy, talk to your local independent insurance agent to discuss the best plan for your situation.  

If you own a company that has a company car or uses cars for work-related purposes, then you will need to purchase a commercial auto insurance policy. These insurance policies will keep your company covered in the event something happens to your company vehicle(s) or an accident occurs that requires medical coverage.  

What is Commercial Auto Insurance? 

Commercial auto insurance provides coverage for cars that your business owns and any cars that employees may drive while on the job. This includes both company-owned vehicles and personal employee vehicles. It can also include rental cars that are used for business purposes.  

Why Do I Need Commercial Auto Insurance 

Many states require companies to have a commercial auto insurance plan if they use vehicles for their business. Any vehicles that hold a title under your company will be required to be listed under a commercial auto insurance policy. Depending on if your employees travel for business, there are policies that also include rental cars that are used for business purposes.  

Commercial auto insurance can provide coverage for a personal car that is used for work that a personal auto insurance plan won’t cover. It is also needed in the event that an employee gets injured while driving on the job, as it will help cover their medical bills. It will also cover non-employees that may get hurt while in an accident with a car owned or used for your business. If you don’t have this included in your insurance policy, you may be sued.  

Commercial Auto Insurance versus Personal Auto Insurance 

Commercial auto insurance has many similar aspects to personal auto insurance, but the main difference lies in liability risk. There is an increased liability risk driving for work, so the price for liability minimums with commercial auto insurance is higher. The bright side to this is that it can extend the liability coverage to any car that is already owned by the company or any car purchased by the company in the future. 

Different Kinds of Commercial Auto Insurance 

Basic commercial auto insurance usually provides collision coverage, medical/personal injury coverage, liability coverage, and uninsured/underinsured motorist coverage. These policies will cover most of your company’s needs.  

If you need any additional coverage, you can add extra policies to your commercial auto insurance plan. For example, if you’re using a trailer that your company doesn’t own you will need trailer interchange coverage. There is an option to have rental car reimbursement in the event your company car needs repair and you need a rental. Sometimes you may need “hired vehicles” (U-Hauls) and can receive coverage for those, as well. Depending on your company’s needs, you may also require non-owned vehicle coverage, which will cover employees that use their personal cars for work (pizza delivery driver).  

Every company has different goals and needs. Reach out to your local independent insurance agent to discuss the best commercial auto insurance plan that will suit your company’s needs.  

If you’re like most boat owners, you want to do everything possible to protect your investment. And if you’re like most people, you may not know what boating insurance covers. That’s why we’re here to help! In this blog post, we’ll discuss the different types of coverage that are available through boat insurance policies and what each one protects your boat from. We’ll also provide some tips on how to choose the right policy for your needs. So read on to learn more about boating insurance and how it can protect your boat! 

What Is Boating Insurance? 

Boating insurance provides coverage for recreational boats used for fishing, sailing, and other water activities. One thing we’ve learned in our years as an insurance agency: no two boats are alike! That’s why it’s so important for us all to understand what type of policy might best suit each boat owner’s individual circumstances. Let’s take a look at some basic information about boat insurance coverage before moving on with other topics related specifically to those who own boats (or soon hope to). 

What Does Boat Insurance Cover? 

Boating insurance covers damage caused to your boat and its contents, as well as liability coverage in case you’re responsible for damage or injury to another person or their property.  

Types of Coverage:  

-Liability insurance: This provides protection if you are responsible for damage or injury to another person or their property.  

-Property damage insurance: This covers the cost of repairing or replacing your boat and its contents after a covered incident.  

-Personal effects insurance: This reimburses you for any personal belongings that are damaged or lost while on board your boat.  

-Accidental death and dismemberment insurance: If something happens to you while boating, this policy pays out a lump sum benefit.  

How Much Does Boat Insurance Cost? 

If you’re new to the world of boating, one of the first things you’ll want to know is how much coverage will cost. The good news is that there are many different options available when it comes to boat insurance and most policies can be customized according to your needs. The cost of boat insurance will vary depending on the type and value of your boat, as well as the level of coverage you choose. That’s why it’s important to shop around and compare policies to find the best deal for you.  

Tips for Choosing Boat Insurance:  

Be sure to ask about discounts if you have a safety device like a personal flotation device (PFD) or an engine cutoff switch. Consider whether you need liability only coverage or comprehensive coverage that includes property damage, theft, and vandalism protection. Think about how much your boat is worth and make sure the policy has enough limits to cover it in case of a loss. Check to see if there are any additional fees that may apply such as deductibles or taxes on premiums. 

How to Get Boating Insurance? 

If you own a boat, it’s important to make sure you have the proper insurance in place before taking it out on the water. There are several different types of policies available and some cover only certain risks while others offer broader coverage for more protection against potential losses related to your vessel. You’ll need an agent who can help explain what type would be best suited for your needs so you can get started looking at options today! Reach out to your local independent insurance agent today to get started. 

Ice damage can be a major problem for homeowners. Not only is the damage itself costly to repair, but the insurance claims process can be complicated and frustrating. In this blog post, we will answer some of the most common questions about homeowners insurance and ice damage. We will explain what kinds of ice damage are covered by homeowners insurance, and we will also discuss some of the exceptions. If you have any other questions, please don’t hesitate to contact us! 

What Kinds of Ice Damage Does Homeowners Insurance Cover? 

Homeowners insurance generally covers two types of ice damage:  

• damage caused by an ice dam, and  
• damage caused by hail. 

An Ice Dam is a ridge of ice that forms at the edge of a roof, usually where the roof meets the gutter. This ridge blocks the flow of water from the roof to the gutter, which can cause water to back up and leak into the home. A severe ice dam can even cause your home’s roof to cave in, an event that is not only dangerous to your family but also can be incredibly costly to remedy. Will your homeowners insurance step in to cover the cost of ice dam removal? In most cases, no. However, most homeowners insurance policies will cover the damage caused by an ice dam, including water damage and repairs to your roof. 

Hail can also cause a lot of damage to your home. Hailstones can be as big as golf balls, and they can easily shatter windows or dent siding. A good homeowners insurance policy will usually cover hail damage, but typically you must meet a deductible first and there also may be some exceptions. For example, if you live in a hurricane-prone area, your policy may not cover hail damage caused by a storm. 

Is There Any Kind of Ice Damage That Homeowners Insurance Does Not Cover? 

There are a few exceptions, but in general, homeowners insurance will cover most types of ice damage. One exception is damage caused by an avalanche or mudslide. These events may be covered by separate insurance policies but not by homeowners insurance.  

Another exception is damage caused by the weight of snow or ice on trees or power lines. This type of damage is usually not covered by homeowners insurance, but it may be covered by a separate policy such as property insurance or windstorm coverage. 

What If Someone Slips and Falls on Ice at My Home? 

Slipping and falling on ice can cause serious injuries, and in some cases, a person may even die. If someone slips and falls on ice at your home, you could be held liable for their injuries or the wrongful death of a loved one. This is why it is important to carry liability coverage as part of your homeowners insurance policy.  

If someone slips and falls on ice at your home, you will need to report this incident to your insurance company immediately so that they can ensure that any potential claims get reported in a timely manner. Once the claim has been made against you by the injured party’s attorney, it will go through an evaluation process where both parties’ attorneys try to reach an amicable settlement without having to go through litigation (lawsuits). If the case does go to the courts, your personal liability coverage will take care of legal costs up to your policy’s limits.  

What Should I Do If My Home Has Ice Damage? 

If your home has ice damage, it is important to take action quickly. The first thing you should do is contact your insurance company. They can help you with the process of filing a claim and getting reimbursement for repairs or replacement costs associated with the incident at hand (if applicable). Your insurance agent may also be able to provide information about what kinds of coverage are included in their policies as well as any exclusions that may apply based on where you live. Get in touch with your local independent insurance agent to find out more about how your homeowners coverage covers ice-related incidents. 

As you plan your trip, it is important to consider getting travel insurance, especially for more expensive vacations. To better understand what travel insurance offers, we will discuss the various ways to get travel insurance, the types of coverage travel insurance can offer, and why you should budget for travel insurance on your next big vacation. 

How to Get Travel Insurance 

Fortunately for any aspiring world traveler, travel insurance is easy to acquire. While there are basic travel insurance options you can obtain through booking your reservation, these policies are non-customizable and frequently leave you exposed to a much higher level of liability. If you want the best travel insurance coverage, contact your local insurance agent about acquiring a travel insurance policy. This option is the most customizable, allowing you to build a policy that provides you with the exact level of coverage you desire. Additionally, a professional insurance agent can help you understand the different types of coverage, providing you with the necessary guidance for choosing what type of protection best suits your vacation. While your agent will know what coverages are necessary for your trip, here are some of the types of travel insurance you might want to consider. 

Types of Travel Insurance 

Trip Cancellation, Interruption and Delay: Trip cancellation coverage will reimburse you for non-refundable expenses in the event of your illness, the death of a family member, natural disasters, or if the tour operator ceases operations. Trip interruption insurance reimburses the nonrefundable expenses for the remainder of your trip if the tour is canceled for a covered reason (be sure to check what your policy covers). Lastly, travel delay insurance will reimburse you for lodging and meals in the event of a delay during your travels. 

Rental Car Coverage

While this coverage is frequently bundled with the cost of renting your car, it protects you from liability in the event that the rental is damaged in a wreck, natural disaster, or vandalized. However, this does not cover liability insurance, meaning that you will be liable for damage to other vehicles or the other party’s medical expenses without supplemental coverage. See if your auto insurance covers you for international driving – most insurance providers in the US only cover driving in the US and Canada, so you want to be sure you are protected. 

Travel Medical Insurance

This type of insurance typically only covers emergency events, so routine checkups are not covered, and there may be exemptions for preexisting medical conditions – be sure to check the coverage limitations of your policy. These policies will normally cover you in the event of injury during recreational activities, more extreme sports like hang-gliding or skydiving are usually not covered by standard policies. Additionally, this type of coverage does not cover the cost of transportation to the hospital or back to your home 

country for medical treatment – look to add emergency medical assistance, evacuation, and repatriation coverage to your policy if you want to avoid this liability. 

Baggage and Personal Belongings

This type of coverage will reimburse you for personal belongings that are stolen, damaged, or lost during your travels. Your homeowner’s insurance policy may cover you even while you are traveling, so check with your agent to see if you already have this benefit. 

Accidental Death and Dismemberment

This type of coverage would pay a lump sum to a beneficiary if you were to die will on your trip. Additionally, it could pay you a lump sum if you are seriously injured or dismembered while on your vacation. Some policies only cover death resulting from a plane crash, so check your policy carefully. 

In conclusion, travel insurance can help provide peace of mind while exploring the world. It is very easy to get covered, with many options for tailoring a policy to meet all of your needs. Think about what type of protection is important to you, then build the perfect policy to protect you on your next trip. 

There are plenty of things to worry about if you own a business – there are customers to attend to, employees to manage, transactions to record, and future plans to be made. With all of these things on your plate, the possibility of a flood may be the last thing on your mind, but flooding can cost thousands of dollars in damage and shut down your business for weeks. If you take the necessary precautions, you can stop worrying about flood damage and focus on the things that matter to you. Here are the best ways to protect your business against flood damage.  

Perform a Risk Assessment  

In order to protect your business from flood damage, the first step is to perform a thorough risk assessment. When assessing risks, assume that the absolute worst possibilities will happen and plan accordingly. Think about what materials or machinery may be susceptible to flood damage in their current placement. 

Create an Emergency Plan  

Once you have thoroughly analyzed the possible risks of a flood, begin creating an emergency plan that can be implemented by you and your employees. Consider the risks to your business outside of damage to your building – an emergency plan should include instructions for employees who cannot get to the office, possible solutions to supply chain problems, and maintaining other critical operations. Consider adopting a backup phone system in case your employees are unable to reach the office. Additionally, you may want to keep digital copies of your records stored on a cloud or keep copies of critical documents at an offsite location. Once you have developed an emergency plan, ensure that your employees are properly trained on their roles during times of crisis. When your team is thoroughly trained and ready, continually test and improve your emergency plan to further protect yourself in the future. 

Inspect and Prepare Your Building  

Now that you have assessed your risks and created an emergency plan, it is time to inspect and prepare your building. There are many ways to reduce the severity of flooding on your property, including extending downspouts, cleaning gutters regularly, sealing water entry points, and regrading the ground around your building so that water flows away from the structure. Additionally, consider using local plants for your landscaping, as native species will help reduce soil erosion and enable the water to drain into the ground more efficiently. It is important to remember that the lower floors of your building are at a higher risk of flooding, so consider storing essential equipment, electronics, or records on a higher level if possible. 

Purchase the Right Flood Protection Policy  

If you truly want peace of mind and quality protection from flood damage, getting adequate flood insurance is absolutely essential. Many mortgage lenders require flood insurance to qualify for a loan, but these policies do not always provide adequate coverage to fully protect you from financial damage in the event of a flood. According to the National Flood Insurance Program, the average commercial flood claim between 2011 and 2015 was $90,000 – are you prepared to pay that? 

While flooding is inevitable, you can take the necessary steps to protect yourself from losses. Contact your insurance agent to discuss your current flood coverage to ensure that your policy completely covers your needs.  

As the ball drops on New Year’s Eve and we usher in 2022, many of us will consider goals and aspirations for the coming year. Often, we set unrealistic goals that are difficult to achieve, ultimately resulting in another year of failed resolutions. Instead of setting goals like losing twenty pounds, focus on goals that are trackable, achievable, and will help you make progress on those big goals. Here are three realistic health goals you should set for 2022. 

1. Drink more water. 

Depending on how active you are, you should try to drink between half an ounce to an ounce for every pound you weigh. For instance, if you weigh 160 lbs., you should drink between 80 – 160 ounces of water every day. There are many ways to make drinking enough water easier, such as figuring out your favorite way to drink it. Do you prefer glass bottles, tumblers, or steel canisters? Find your favorite container, then calculate how many bottles you need to drink every day to hit your goal. It is very helpful to set smaller goals throughout the day, such as one full bottle before you start work, three bottles before lunch, or two bottles after dinner. Health benefits of this goal include:

• Increased energy levels and alertness
• Aids in weight loss
• Promotes good digestive health

2. Take five 30-minute walks a week.

Another great and relaxing way to improve your health in 2022 is to go for five 30-minute walks every week. Walking is a phenomenal way to get some low-impact cardio in, and a great overall way to stay in shape. These walks can be done at any time of day – early risers may enjoy a walk to start their day, whereas others may prefer to walk on their lunch break or take an evening stroll. Health benefits of this goal include:

• Increased heart and lung fitness
• Improved management of high blood pressure or high cholesterol
• Reduced stress
• Aids in weight loss

3. Get 7-9 hours of sleep.

While it may be tempting to stay up late binging on your favorite shows, getting enough sleep is crucial for your overall health. Getting enough sleep gives your body time to repair your muscles and form memories from the day. You should shoot for 8-9 hours of sleep every night, but make sure to consistently get at least 7 hours. Building a bedtime routine can help you achieve this goal – you can meditate, complete your skincare routine, or read for 15 minutes. Just focus on creating a routine to cue your body that it is time to rest. Health benefits of this goal include:

• Reduce stress and improve mood
• Lowers risk of major health problems like diabetes and heart disease
• Increased alertness and cognitive function

By setting the goals of drinking enough water, walking five days a week, and getting enough sleep, you can seriously improve your physical health and wellbeing in 2022. These goals are small and easily trackable, and by following this routine, you can reach even bigger goals like hitting a target weight or being a more focused and thoughtful person. Being healthy can also save you money by requiring fewer visits to the doctor, lower overall medical expenses, and maybe even a lower health insurance premium. 

It can be difficult planning for a future we cannot see. With the many financial products all aimed at fulfilling a financially “easy” retirement, how do we know which options are best? Will there be enough money to continue the same lifestyle or to at least pay the bills? Without a crystal ball, the financial anxiety is real and understandable. 

One product in particular isn’t reliant on mere hopes, parlor tricks, or a constantly changing economy: annuities. Annuities aren’t some loose and risky investment or prudish savings account – they are insurance for your retirement gap. Your retirement gap is that awkwardly large space between what you’ll get paid (or have saved) for retirement and what you’ll need to live a secure retirement. Here are 3 ways that annuities cover and close this gap, so that you can rest easy while planning for those seemingly dimly lit golden years: 

1) It’s guaranteed.  

Most people cannot live on social security alone or even with their pension combined. With annuities, you can rest assured that you will have the money you need to live comfortably through retirement. This legally binding, customizable contract between you and your insurance agency ensures that your premiums, or initial investment, will grow, tax-deferred, over the time allotted in your contract and that payday will arrive. 

2) You won’t outlive your annuity.  

Your annuity will continue to pay you for life, regardless if you choose immediate or deferred payments. In fact, your annuity can be passed onto a beneficiary, so it can actually outlive you. There are many types of annuities with different levels of risk and costs, so your insurance agent can best personalize this after discussing your situation and goals with you. 

3) There are tax incentives.  

One of the main advantages of annuities is that they are tax-deferred, meaning you won’t pay income tax on it until you withdraw or begin receiving payments. “This includes dividends, interest and capital gains, all of which may be fully reinvested while they remain in the annuity” (annuity.org). There are complex rules, though, that only your insurance agent or a tax professional should explain, so be sure to ask questions regarding taxes when shopping for the right annuity product. 

We all want to know that we will be safe and secure when we are our most vulnerable. Annuities are just the insurance we need to enjoy our senior years doing what we love and not worrying day-to-day about our finances that we worked so hard and long to build and protect. Annuities are the closest sure thing next to having a crystal ball. Call or email your insurance agent today 

to see how annuities can build your retirement to cover your needs and make your golden years a whole lot brighter and easier to see.