DOT Safety Audits / FMCSA
FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION – FMCSA DOT safety audits are being done without any warning that the auditor is coming to the trucking company’s office. The auditor just shows up. If your company has any alerts in the CSA safety ratings, make sure that your driver qualification files are up to-date along with the […]
What do you call the person that finishes last in medical school?
…”Doctor” Let’s be honest, we all know that the same is true in nearly all professions. Not all doctors, lawyers, painters, plumbers, <insert any profession here> – are the same. Some are exceptional, some are terrible, and the rest fall somewhere in between. Insurance Agents are no different, and they seem to be everywhere. I’m […]
Farmers – time to review!
With any luck you had a decent year despite all of the excessive rain. By now your equipment is hopefully cleaned up an tucked away for the season, and perhaps as the holidays have come to a close you may have a short bit of time to exhale. This is the time of year that […]
Kylie Schultz passes first CIC institute.
Kylie Schultz, one of our Home and Auto insurance agents, recently attended her first CIC Institute in Baltimore, Maryland. We just received notice that she PASSED! The CIC program consists of seven detailed courses which include: Agency Management, Commercial Casualty, Commercial Multiline, Commercial Property, Insurance Company Operations, Life & Health, and Personal Lines. The Personal […]
Taxation and Life Insurance
What is it? Life insurance has long been recognized as a useful and relatively simple way to provide for your heirs and loved ones when you die. If your survivors relied on your income during your lifetime, then they will be able to avoid financial difficulties after your death if your life is adequately insured. […]
Kylie Schultz attends CIC in Baltimore.
Kylie Schultz, (personal lines, farm, and life agent at Frost-Beck Insurance Agency), is in Baltimore, Maryland finishing up the last day of her first CIC institute, Personal Lines. There are seven* CIC institutes. Each institute is 2 days of coursework (16 hours total), followed by a 2-hour essay exam that is required only if obtaining […]
Today’s Advanced Trucking Safety Techniques
If you have been in trucking for a while, you have seen many changes to safety technology through the years. These safety products promise to make your operation safer, with fewer accidents and downtime. So, why aren’t all carriers investing in the latest in fleet safety technology? As you might expect, the answer to this […]
A NECA split dollar arrangement offers business owners a sophisticated life insurance solution
For successful business owners, purchasing life insurance with corporate dollars can be an effective way to protect their family or to recruit and reward key employees. The following case study shows how a business funded a large life insurance policy through a Non-Equity Collateral Assignment (NECA) split dollar arrangement. Case Study: •Male, preferred non-smoker, owns […]
The Value of Life Insurance
We know how important it is to seize the moments and live your best life now. But don’t forget to protect the financial future of the people who depend on you. One way to get started is with life insurance. It can help provide for your love ones when they need it most. How? By […]
ANNUITIES UNDERUTILIZED FOR TAX-FREE LTC BENEFITS, DATA SUGGESTS
About 18 percent of all U.S. households own a deferred annuity, estimates the LIMRA Secure Retirement Institute, yet data suggest many annuities will never be activated for monthly income, leaving potential tax consequences for beneficiaries. Many of these individuals can benefit by learning more about exchanges under Internal Revenue Code section 1035 of the Federal […]