Finding Security Within an Uncertain Future

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Being a young adult heading into law school can be scary. There’s a lot at stake and sometimes the uncertainties that come with life in law school can be overwhelming. But the way that I have found to alleviate some of the stress and some of this uncertainty that I’m feeling has come from an unlikely source: an insurance agent.

When I first walked into my agent’s office I had no clear idea of what my life would unfold with, while in school I could start a family, I could come across a business opportunity that will require large amounts of debt on my part, and above all I always will need to keep the co-signer of my student loans in mind too! All of these scenarios required me to look forward and find ways that I can cover my debts if anything were to happen to me.

The chances of starting a family in law school are extremely high, and ties into the famous line they give you when you sit down at just about any law school during Incoming Law Student Orientation, “Look to your left and then look to your right, one will be married and the other will drop out of school from each group of three, choose which student you want to be”. This sentiment shows that while in Law School the world will continue to keep turning and life events will occur, so you have to always find ways to keep everything together no matter what.

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When starting young family I wouldn’t want to let my future spouse or children be at the mercy of the world without my financial help if something were to happen to me, and what about my debts? I really do not want 3+ years of secondary education costs to be their problem! So to ensure that this problem will never become real I decided to open up a term life insurance policy.

Term Life Policies are a bit different than a Permanent Life Policy in where it only lasts for a period of time versus indefinitely (As long as you continue to pay premiums). I chose the Term Life policy for 10 years because by then I should be grounded in my profession and I will be able to switch over to a Permanent Policy that will cost a bit more to have— but will be worth it at that time. Due to my current age and my health I was able to secure a price that was the cost of just a couple of coffees per month, not too shabby for ensuring my future!

There is also the scenario that my death occurs before me starting a family, so with this being said I want to be able to cover my student loans, credit card debt, and my funeral costs so I do not burden those who are close to me.

A burial can be a very costly event and even a cremation will cost over $1,000+! Did you know that if someone (Family or not) pays for your cremation or burial out of his or her own pocket it is not tax-deductible by the IRS? That would just be a kick in the teeth to any family member if they were stuck with thousands of dollars of debt on top of coping with my death!

 

No one wants to walk into an insurance office and talk about the elephant that sits in just about everyone’s room: Death. But it is a necessity for every personto converse about it and prepare for it in the best way possible. Just like any other aspect in life you must always stay one step ahead just as I did. Death doesn’t follow a schedule and can come at anytime, so beat it to the punch with a solid life insurance policy!

By Aaron Young
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A Tea-Kettle Could Take Down A Company… If It Really Wanted To!

You’re at work right now, and earlier when you were walking in you found an unknown expensive flash drive that says it holds 128 GB sitting in the parking lot.

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I know that you want to plug it in and see what is on it, and keep it since 128 GB is unreal to just find! But the question you need to ask yourself is: Should you?

It is common instinct to just plunk the drive into your work PC’s USB port and see what’s on it, but I honestly think you should just throw it in the trash and let everyone else in the office know to do the same.

Leave it a mystery, it’s better off to leave it that way than regret it later!

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You can pay thousands of dollars on network security, painstakingly plan out contingencies, have an IT guy on deck to take care of issues, but most of the time the weakest link in a business’ network can be the employees themselves.

The US Department of Homeland Security ran tests to see how hard it was for hackers to find a way to gain access into systems using the USB-drive-in-the-parking-lot-trick just to see what would happen.

Pretty obvious to not plug in an unknown USB Drive, right?

Sad to say… not really

During this test it was found that 60% of the flash drives that were found in the parking lot of a business were plugged into the company’s computers out of curiosity, and the number went up to ninety percent if the drive had the company’s name or logo printed on it!

Yes, you read that amount correctly: 90%! If you had a 90% chance of winning the lottery wouldn’t you take it? This is what a hacker sees with this type of scenario, this is why these stories need to be heard to show that vulnerabilities exist everywhere!

We can never be prepared for all scenarios, but it is possible to prevent them. We say this because when you purchase cybersecurity insurance for your business we want you to also know how to prevent anything that could and would be harmful to you or your clients. 

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Do you have an Amazon Alexa? Or a smart water-cooler for theoffice that you can always monitor flavor levels using an application on your phone? I suggest you identify if you really, really need it because the risks are great when using these devices in a business environment.

Because just as the title of this inaugural post suggests: Even a tea-kettle can lead to the downfall of your company!

Executives at Blackberry discovered a Wi-Fi enabled smart-tea kettle that was used to gain access to their network. Using this kettle, a hacker was able to reroute their internal email to an outside address and could see what was occurring within Blackberry since they had a copy of all of their internal emails!

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Ultimately, this was just an internal test done by the company themselves during a keynote presentation, but the sheer simplicity of the plan was amazing. They did this to show that this technique can be used on companies big and small. If someone were to compromise your network that your Point Of Sale system is on, it could spell bad news for your customers and ultimately your business!

According to McAfee Inc. it is estimated that the cybersecurity issue costs about a $1 trillion USD per year globally, and will continue to grow upward– a number we will always work to ensure that our clients do not contribute to. This is why we want all of our readers to know that you can be proactive yourselves and ensure that your business does not fall prey to hacking attempts!

With our dependency on technology, Cyber Liability Insurance is a must!

By Aaron Young

 

 

 

 

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Why you need home mortgage protection

Home Mortgage ProtectionHome mortgage protection, or mortgage protection insurance (MPI), is not to be confused with private mortgage insurance (PMI). While both insurance policies offer protection to lenders, MPI offers equal, if not greater, protection to you, the policyholder. PMI offers no assurances; it only comes into play if you default on your mortgage, thus protecting your lender. MPI, in contrast, protects your investment.

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Contractors and general liability insurance: five questions you should ask

Five questions you should ask about general liability insuranceContract work of any variety often is dangerous. People are hurt on the job. Damages occur to a property during a project. If you don’t have general liability insurance, your dangerous work also can become very expensive work.

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What is an umbrella policy and why do I need one?

An umbrella policy is what it sounds like. It provides an additional layer of protection to your existing auto and property insurance policies. If you exceed the coverages provided by those policies, an umbrella policy will cover the lack.

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Does your business need cyber insurance?

It’s tempting to assume that a data breach or loss is never going to occur at your company. Unfortunately, that assumption isn’t a reflection of reality. Data is lost every day. Sometimes, that data loss is accidental. Other times, the loss is the result of hackers. When that loss occurs, will your business be covered?

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5 ways to save money on your auto insurance

5 ways to save money on your auto insuranceOwning a car is expensive. You not only have to pay for the car itself, but you also have to pay for gasoline, car maintenance and repairs, and auto insurance. All those things can take a hefty tole on your budget.

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