JenG Insurance and Financial Services LLC

How can insurance companies sell term life insurance policies so inexpensively? Companies set policy premiums so that the majority of term policies never pay out a penny.

There are a great many variables associated with riding a motorcycle regarding damage, liability, and other aspects of ownership. Talk with your agent about a low-cost umbrella policy to cover those items not specified in your standard policy.

Will incorporating or forming a limited liability company (LLC) reduce or increase your total taxes? Well, the tax implications of incorporating or forming an LLC vary for every business based on particular circumstances. Contact us for assistance.

Do you know that retired U.S. taxpayers living outside the U.S. with assets in foreign bank accounts may need to file Foreign Bank Account Reporting (FBAR) or other reports with the Internal Revenue Service (IRS)?

What is a cash value life insurance policy? That's simply another name for a permanent life insurance policy. The name indicates that the policy will definitely pay out its face amount as long as premiums are regularly paid.

Sometimes there is confusion as to whether a homeowner’s policy or automobile insurance policy covers certain situations related to a vehicle. We recommend sitting down with your agent and ask him or her any questions you have about the limits of each policy.

Medicare Part D (part of the Medicare supplement insurance program) concerns prescription drug coverage. Medicare recipients can get prescription drug coverage by either joining a stand-alone prescription drug plan or purchasing a Medicare Advantage Plan.

Wherever you go, it's a good idea to search each company thoroughly. You want to know that your insurance company will come through for your loved ones when you pass.

Working with companies as an independent contractor is becoming more and more common for the flexibility that it offers, but it does mean that the contractors need to have their own insurance. Fortunately, a commercial insurance expert will make this easy for you.

Business owners always look at the bigger picture. That entails carefully analyzing one’s tax options while still being aware of more encompassing business strategies. Your tax preparer and planner will help you have the right perspective.

Did you know that paying student loan interest can give you a deduction on your tax return? Your loan lender should provide you with a 1098 form that states how much interest you paid during the tax year.

How much insurance is needed to protect your family? You may have some thoughts on that, but a professional may have some shocking surprises for you. Why not speak to a professional, and see what you really should be looking at?

Even though all states require either auto insurance or proof of financial responsibility, that does not mean that all drivers have proper coverage or are insured. Protect yourself and your family members by having under-insured/uninsured driver coverage as part of your insurance policy.

The first form of health insurance in the US was actually strictly accident insurance. This was offered by Franklin Health Assurance Company of Massachusetts in 1850. The coverage was specifically against injuries from railroad and steamboat accidents, and by 1866, 60 other companies offered similar insurance.

If term insurance is less expensive, why would I want whole life insurance? If the goal is to have insurance in place when you die, the only way to ensure that is to buy whole life insurance and continue to regularly pay the premiums. If you buy whole life at a fairly young age, the cost isn’t so high, and the premium will not increase.

When you’re financing your vehicle, your lender can require you to carry higher levels than the law requires. You may be able to save on insurance premiums by selecting a lender that requires lower coverage levels.

Did you know the first income tax in the U.S. occurred during the Civil War? The ratification of the Constitution in 1787 gave the Federal Government the exclusive power to levy taxes and impose tariffs on individual citizens.

Did you know that when someone sends you a 1099, they also send a copy to the IRS? Therefore, it is vital to remember to include your copy when filing your tax return.

Do you like the idea of combining an investment fund with a guaranteed payout? Your life insurance expert can make recommendations on the type of whole life insurance that best fits your situation. In some cases, the investment value can be used to pay for monthly premiums when the family budget gets tight.

When a business has cars and trucks that are adapted and modified for special purposes and services, the insurance policy needs to reflect this. As you make needed changes, speak with our agent about upgrading your policy.

Maintaining a healthy weight is important when it comes to improving our health as we age. Extra weight increases your risk for heart disease, diabetes, and high blood pressure. Use a BMI calculator to find out what you should weigh for your height.

Who is more likely to have some type of life insurance? According to industry statistics, 61 percent say they have at least some life insurance, compared to 57 percent of women.

What is comprehensive coverage? This is an auto insurance policy that covers loss of property due to theft, and damage to property resulting from natural and human-caused disasters. While this is not required by state laws, it may be required by financing companies and lenders.

There is a tax on athletes playing in different cities and states. This is called the “jock tax” and it first started in 1991 after California began taxing the earnings of Chicago Bulls players.

Tax Quiz: Q: How much does it cost taxpayers for each $100 collected by the IRS? A) $10; B) $2.45; C) 41 cents; D) 89 cents. A: "C" reports the IRS.

Although there certainly are situations where a life insurance policy could be quite expensive, you don’t always have to go with the most expensive insurance option available. If you need something that provides decent coverage and affordability, we’re here for you.

Sometimes repairs end up costing more than the original estimate indicated. Our agents will work to make sure your policy covers such discrepancies so that you are not left in an uncomfortable or awkward situation.

It’s important to remember that every insurance plan handles prescription drugs differently. Not only will some plans charge more for them, but they may not cover them at all. If you take expensive prescriptions regularly, let’s make sure we find a plan that covers them.

If you need help walking through the fine print of your life insurance policy, then do not hesitate to call upon experienced staff agents for clear explanations and to ensure that you get the policy that is most suitable to your situation.

When it comes to insurance, a state will either have a tort system or a no-fault system. In a tort system, which insurance company pays depends on who is at fault. In a no-fault system, the drivers’ insurance companies pay them directly, regardless of who’s to blame.