by Julie Ngo There are many situations in the business world where employer ownership of a life insurance contract on the life of an employee plays a vital role in the financial life of the business. For example, employer-owned life insurance (EOLI) can help defray the often high costs involved in recruiting and training an […]
Julie Ngo
Julie Ngo is a State Farm Insurance Agent located at 28410 Old Town Front Street in Temecula. She can be reached at (951) 695-2625.
- Posts: 19
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Many people believe that their biggest asset is their home. For most of us, our biggest asset is the ability to work and earn an income. Not being able to work – due to a job loss or a disability having taken away the ability to work is often financially devastating.
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Self-motivated individuals frequently play a crucial role in the success of a business. This is particularly true of small businesses in which one or two talented people possess highly specialized skills or knowledge that other employees do not have. If such a “key” person were to suffer a long-term disability, not only would the individual […]
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Disability insurance is designed to replace a portion of the income you can lose if you are too sick or injured to work. There are two main sources of disability insurance: private disability insurance programs and government-sponsored disability insurance programs.
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Definition of disability: Are education, experience and past earnings taken into account in determining whether the insured is qualified to resume work? Many policies provide for an initial “own occupation” ¹ definition of disability for a specified period of time, after which a different definition of disability applies.
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Uniform Policy Forms – The Insurance Services Office (ISO) and the American Association of Insurance Services (AAIS) are industry service organizations that provide actuarial and loss information to P&C insurers. These service organizations also provide standardized, uniform policy agreements, called ‘forms’ which are used by many insurers. ˡ Such standardized policy forms make it easier […]
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Protecting What You Own – Property and casualty (P&C) is the term commonly used to describe insurance designed to protect an individual from loss or damage to their physical assets he or she owns. For example, a fire may seriously damage or completely destroy a home. Without adequate homeowner’s insurance to provide the funds to […]
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High-risk watercraft: Many policies exclude certain types of high-risk watercraft such as wave runners and jet skis. Special policies are available to cover such craft.
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A large and increasing number of individuals enjoy the benefits of owning and using a personal watercraft such as a sailboat or motorboat. Owning or operating such watercraft, however, can also be a potential source of serious financial risk. Personal liability arising from losses suffered by others, or the cost of repairing or replacing a […]