Mark Kofalt, Author at Premier Insurance Services

Use Life Insurance to Pay Off High-Interest Accounts Like Credit Cards

Save potentially thousands and thousands of dollars in interest while making thousands of dollars? Sounds too good to be true right? And you know what they say about that. But hear me out in this video. It really is true and I can help you accomplish paying off your high-interest debt while still earning interest on your life insurance policy. https://www.facebook.com/psisinfo/videos/320789408629540/ Watch more of my videos from our Facebook page here.

Retaliation Cases Against Employers Continue Growing

Mark Kofalt
March 10, 2019
Business

The federal Equal Employment Opportunity Commission is seeing more and more retaliation complaints by U.S. employees, with such charges accounting for 47% of all charges in 2017. That's compared with 37% in 2011. Employment law attorneys say that the increase is in part due to the fact that the employees who bring retaliation charges have a higher degree of success than those that bring a regular discrimination charge. There is a lower standard of harm that must be proven for a successful retaliation lawsuit thanks to the U.S. Supreme Court case, Burlington Northern & Santa Fe Railroad vs. White. While…

Why You Should Consider Disability Insurance

What would happen if you were permanently injured or became too ill to work? You might qualify for disability payments from Social Security, but would you be able to survive on the average payout of $1,171 per month? Maybe you have some savings, but would it be adequate to cover your living expenses until you're old enough to collect retirement benefits? If you answered "no" to either of these questions, you should consider buying disability insurance. Disabilities are surprisingly common: One in three women and one in four men will have a disability that keeps them out of work for…

Want to be Prepared for Retirement? Work With a Professional

Mark Kofalt
March 5, 2019
Business

People who use financial advisors are more than twice as likely to feel confident in their retirement preparedness than people who don't. That's the conclusion of a recent report from the LIMRA Secure Retirement Institute. Forty-three (43) percent of U.S. pre-retirees surveyed who work with an advisor reported that they feel well prepared for retirement. In contrast, only 21 percent of those who do not work with a financial advisor report feeling similarly confident. It helps to have a plan The survey also found that having a formal, written retirement plan is a big plus when it comes to preparing…

Adult Children on Your Policies Can Create Coverage Gaps

These days, many families are assisting their adult children financially far longer than parents of earlier generations. And that kind of support for college, and sometimes basic survival, can create insurance coverage gaps for the adult child that can be a major risk to their parents' financial wellbeing. If you have an adult child who is still financially dependent on you in some way, it's critical that you secure appropriate insurance coverage. Issues that will affect coverage include if they are a full- or part-time student, where they live and how old they are. Homeowner's insurance Under a homeowner's policy,…

Does a Homeowner’s Policy Cover Your Home Business?

Mark Kofalt
February 28, 2019
Business

Thanks to advances in technology and the Internet, more and more people are running home-based businesses, either full-time or part-time. But will a homeowner's policy cover the risks of a home-based business? In nearly every case, the answer is no. The only exception to this might be if a homeowner's policy has a special endorsement, such as to run a catering company from your home. Yet fewer and fewer companies offer such endorsements. Additionally, some policies may give a very limited amount of coverage for business property, such as a computer. Sixty percent of home-based businesses lack adequate business insurance,…