The landscape of professional sports carries continuous change as priorities from the world’s top athletes fits the needs they have in their profession. NFL players model this perfectly. Over the past 3-4 years, NFL athletes are negotiating their contracts to include more guaranteed money, even at the expense of higher potential earnings. Why are they doing this? NFL players are protecting the most valuable asset they have: their income. As individuals, we buy insurance for all the most important things in our lives: cars, homes, health, and our lives. One [...]

Insurance is a rapidly growing expense, which is taking up more and more of the family budget each year. The average US family health insurance premium in 2000 was $6k. In 2022 the average premium is $22k, which is an increase over that time period of 249% or 5.8%/year. Inflation during that same time averaged 2.5%/year, so the cost of insurance for a family has grown at a rate of more than double that of inflation. In my business, we used to carry our own insurance plan for employees, but we gave [...]

Over the last decade, life insurance coverage has been steadily decreasing. Reach out to us to see if you have the proper coverage in place for you and your family. DID YOU KNOW? Since 2011, life insurance coverage for American adults has decreased by over 10%. Source: 2021 Insurance Barometer Study, LIMRA & Life Happens This material is for informational or educational purposes only. Signature Wealth Management Group is registered as an investment adviser with the SEC. Signature Wealth Management Group only transacts business in states where it is properly [...]

How to compare plans based on your specific needs   The basic premise behind life insurance is simple: You pay premiums to an insurance company, which then pays your beneficiaries a certain amount after you die. But not all life insurance policies are alike. In fact, the right policy for one person may be precisely the wrong choice for someone else. Understanding the basics of life insurance and what to look for in a policy can help you find coverage that fits your needs.   What is life insurance?   [...]

Long-term care coverage can fill in the gaps other health care insurance leaves behind.   Long-term care insurance helps cover the cost of assistance with daily living tasks, including bathing, dressing, eating, and mobility. This type of care is not covered by Medicare, supplemental Medigap policies, or other traditional health care insurance. If you’re relatively young and healthy, you may feel you have plenty of time before you need to worry about long-term care—or you may even think you won’t need it at all. But consider this: Someone turning 65 [...]