
For Scott Rider, it wouldn’t be a stretch to say that running was his life. In college he was a three-time Big Ten Champion, two-time All American, and later competed in the Olympic trials. His running sustained him as he charted out his career in financial services. It was also a constant as he and his high-school sweetheart, Kelly, married and raised their three children.
Social media marketing is a useful – and free – marketing tool that can help businesses flourish. In our new socially distant world, social media can provide a new way to stay in touch with current clients – and more importantly reach new potential clients. For insurance agents and brokers, social media is especially helpful because a large part of our business is word-of-mouth referrals. To be successful, it’s important to remember that social media was created for people, not for businesses. Using social media correctly can help your business grow but a few missed steps can be the nail in the coffin for your insurance agency.
Many small business owners have purchased disability income insurance to protect their salary. That’s great news! Having a personal disability insurance policy will replace part of your clients own income if he/she were unable to work due to an illness or injury. But, if that’s the only disability income insurance these clients have, they’re leaving their business open to a considerable amount of financial risk. There are several types of disability income insurance geared specifically for small business owners that could save your clients a lot of stress and economic headaches in the future.
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When you think of someone who needs a disability income insurance policy, you may think of someone with a physically demanding job or someone who needs help making ends meet. You probably don’t think of a lawyer. But lawyers need disability insurance just as much as — if not more than — other professions because of their investment in their education and a higher than average earning potential.
Disability income insurance is different from all other types of insurance. The cost of your car insurance is based on how many years you’ve been driving (your age), the value of your car, your driving history and a few other factors. The cost for disability income insurance is based on similar components such as age and your medical history – however, unique factors affecting the cost of disability insurance are related to the policy features chosen by the insured. The decisions your client makes about policy design also impact the price.