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What’s The Best Place To Purchase Both Auto And Home Insurance From?

November 5th, 2009 - By

I’m buying a new home and changing my auto insurance carrier, what insurance company can offer me the best deal when it comes to providing both home and auto insurance in a combo package?

Can I Reimburse Myself Health Insurance Costs From My Company?

October 25th, 2009 - By

We used to have individual health insurance, and I would pay for it out of my own company (an S Corp). When we got insurance through my husband’s employer, I stopped reimbursing myself.
He is paid for by the company, and then it costs extra to add myself and our child.
I was just going to deduct health insurance premiums on our Sch A, but we don’t have enough other medical expenses to meet the limit.
Is it ligit to go ahead and reimburse myself the amount that it cost for the health insurance? Then it would be a business expense. Thanks.

What Exact Is Whole Life Insurance, And How Do Life Insurance Companies Profit From Selling It?

October 23rd, 2009 - By

Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?
I have tried to do some research on my own, but I still can’t seem to fully understand this matter. Any help will be greatly appreciated!

How The Home Insurance For Secondary Home Different From Primary Home Insurance?

October 22nd, 2009 - By

I am renting my home for 4 months and that’s why I need to convert my Primary home owner’s insurance policy to Land lord policy. But after 4 months I can’t change the insurance of my home to Primary home owner policy. But I will have to get the Home owner’s insurance for the secondary home which is more expensive then the primary home. I do not live in this house. So is it okay to go for a landlord policy for 4 months and then to secondary home – insurance policy? Is there a risk of very high premium on Secondary policy, could I change the policy back to primary home owner’s policy? What are the drawback of a secondary home insurance vs primary home insurance policy. Please help. Thanks.