When it comes to your employment there is nothing more critical than getting your retirement in order before the time comes to call it quits. The big problem that some people have is that they do not stay at one job long enough to qualify for any kind of retirement benefits. Here are some things that you can do if you find that you do not have any retirement benefits in Albany, New York.

Your Retirement Options When You Leave Your Job

• Just because you leave a job with no pension does not mean you do not have options. One of the first things you can do is participate in the 401k program. Most companies have a matching plan that you can have to save money for retirement.
• Look into whether you are eligible to buy company stock. Some companies allow their people to buy general stock at a discounted rate.
• Get a life insurance policy that builds cash value. This can give your family and yourself the peace of mind knowing that your funeral expenses are taken care of.
• You can also look into opening an IRA account for future retirement expenses. An IRA gives you a pretax contribution option to grow your money.

There are a lot of things that you can do in order to build for your retirement once you have left your job. If you have any questions about your insurance needs, then you need to contact your independent agent today. As your agent we can help answer your questions and help you get the coverage you need for when you are ready to retire from being in the work force.

Just like your auto insurance company in Albany, New York must provide you with notice before they can cancel or choose not to renew your policy, the same holds true for your commercial insurance policy. If you have a business in Saratoga Springs or Schenectady and buy commercial insurance, you can not be denied renewal, or canceled, without first receiving proper notice.

The notification requirements for cancelation are different that the notification requirements for non-renewal of your commercial insurance policy. With cancellation, there are different requirements for policies that have been in effect for 60 days or less and for those policies that have been in effect for more than 60 days.

If your policy has been in effect for 60 days or less, your insurance provider must give you at least 30 days notice before the effective date of cancellation. In certain cases, proper notice may be 15 days or more.

The time may be reduced for notice of cancelation to only 15 days if the reason for cancelation is that you did not pay your premium. Before canceling your policy, your insurer must first notify you that there is a balance due on your premium payment. A second reason for the reduction in the notice time can be if you are convicted of a crime that changes the hazard that you are insured against. You can also be subject to a shorter notification period if fraud or material misrepresentation is discovered either while obtaining a policy or filing a claim on the policy.

For policies in effect for more than 60 days, the general rule is that your insurance provider must give you at least 15 days of notice.

Non-Renewal notification requirements are at least as long or longer than they are when your insurance is canceled. Notice must be at least 60 days, but not longer than 120 days before the expiration date of your policy.

If you would like to learn more about the reasons that your policy can be canceled or proper notification requirements, please give us a call. An independent agent can go over your individual situation and help you acquire, keep and maintain the coverage you need for your business.

There are insurance plans that will pay off a mortgage when one of the insured dies. Usually your life insurance plan will take care of this type of expense. When you are purchasing a life insurance policy, if this is important to you, make sure that you have enough coverage to take care of the mortgage and leave your loved ones without the burden of that large payment.

If you or your significant other die, it may be difficult to pay all of the bills. If you have a large mortgage payment, you will want to make sure you have an insurance plan that takes care of this expense in the event of a death. Your independent agent can help you determine how much insurance coverage you need and what type of plan will work best in your situation. In Saratoga Springs and Schenectady, life insurance is essential. If the primary wage earner should die, the rest of the family may not be able to make up the difference in the income.

As an independent agent, we can help you calculate the amount of insurance you need and compare quotes to find you an affordable rate. As your family grows in Albany New York, you may need more insurance coverage. If you move to a larger home, you may need to increase your policy. Your independent agent is here to help you plan ahead for your family’s needs and give you peace of mind. You can call us today and we will be happy to discuss your options and answer your questions.

When you purchase business insurance in Albany, New York, you may worry about when a commercial insurance provider will audit your protection plan. The insurer may order an audit in specific situations, but it does not usually occur at the beginning of a policy or when you have a long period of time remaining before your policy expires.

Cancelling a Policy

If you cancel your commercial insurance policy, then the insurer may order an audit on your policy. The reason is primarily related to verification. It verifies that you cancelled your insurance and that it was not cancelled by a third party. By auditing your policy, the insurer is able to ensure that identity theft did not occur and that you made the decision because you decided to work with a different company or as a result of losses in your business.

End of the Policy

In many cases, insurers will audit your policy when the current contract has expired. Even if you decide to renew your contract and continue working with the same insurer, auditing occurs to ensure that you are still eligible for continued coverage and that the policy is appropriate for your business.

The amount of time before an audit occurs can vary between companies, but in many cases it will take roughly 15 days before the results are available. If you decide to continue working with the same company, then you may be allowed to renew your contract before it expires.

Every company has a different policy and method of handling audits. Although many insurers will audit at specific times, the exact time period and the specific details of a policy may vary. Talk to an independent agent today to learn more about the auditing process.