What is a collateral assignment of life insurance?
A collateral assignment pledges a permanent life insurance policy’s cash value and death benefits to another party and is most commonly used to secure a l...
Knowledge Base
Latest insights and tutorials from the The Daily Horizon team.
Can you deduct health insurance premiums as a business expense?
Most self-employed taxpayers can deduct health insurance premiums, including age-based premiums for long-term care coverage. Unlike an itemized deduction,...
Read More →What is a repetitive loss property?
A: A Repetitive Loss (RL) property is any insurable building for which two or more claims of more than $1,000 were paid by the National Flood Insurance Pr...
Read More →Do I have to use life insurance to pay off debt?
Answer. No. If you are the named beneficiary on a life insurance policy, that money is yours to do with as you wish. You are never responsible for the deb...
Read More →How do I add my spouse to my car insurance?
If you want to add your husband or wife to your insurance, simply notify your car insurance provider. Call your provider’s customer service department and...
Read More →What is underwriting in marine insurance?
The word “Underwriting” refers to protecting by way of insurance. Marine underwriting refers to providing marine insurance to the necessary clients. These...
Read More →What is the Aflac plus rider?
The Aflac Plus Rider adds extra cash payouts — up to $5,000 — to existing/eligible Aflac Accident, Hospital Advantage and Short-Term Disability plans. It’...
Read More →Can my employer cancel my health insurance while on workers comp?
If your employer continues to make health insurance payments for you, but you are not paying your usual health insurance premiums while on workers’ comp, ...
Read More →Who are the beneficiaries of a life insurance policy?
A beneficiary can be a single person, multiple people or a class of people — all children, for example. The owner can also designate a contingent benefici...
Read More →Can you add a domestic partner to health insurance in Nevada?
Q: Will my employer have to provide benefits to my domestic partner? A: It depends. A private employer in Nevada is not required to provide health care be...
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