When a thief steals a car—which happened more than 880,595 times in 2020—it can do more than just ruin your day. If you don’t have proper insurance, it can also wreck your finances. Car insurance can help replace your automobile, while certain policies can pay to replace stuff like a cell phone, laptop, or designer … Read more
Merchants Insurance Group is a regional mutual insurance company founded in 1918 by Urban F. Jehle as a way to offer insurance to a group of local merchants for their delivery vehicles. From there, the company expanded to offer other lines of personal and business insurance. Subsidiary companies include Merchants Mutual Insurance Company and Merchants … Read more
Employee Deferrals Roth IRA Plan Type Employer sponsored Individually owned Eligibility Determined by plan Individuals with earned income up to income limits Contribution Limits $20,500 $6,000 Investments Menu selected by employer Wide array of options Loans Available Prohibited Required Minimum Distributions (RMDs) Forks No Plan Type Employee deferrals are part of employer-sponsored defined contribution plans … Read more
Wawanesa Insurance has been around the insurance world since 1896 in Canada, starting operations as a farmers’ mutual company in Wawanesa, Manitoba. The company branched out into the United States in 1975, and provides residents of California and Oregon with auto, renters, homeowners and condominium insurance, as well as identity theft services. Wawanesa’s US operations … Read more
First Chicago Insurance is a regional insurance carrier in the Midwest and offers personal auto, commercial auto and artisan liability insurance. It is a subsidiary company of J & P Holdings, Inc. In business since 1920, First Chicago Insurance originally provided coverage to Chicago’s District Ice Association’s horses and wagons and was named Chicago Ice … Read more
In 1928, John C. Tyler and Thomas E. Leavey founded Farmers Insurance as an auto insurer for farmers and ranchers, believing from their own personal experience that farmers and ranchers pose fewer auto insurance risks. The company has since grown to offer not only auto insurance, but homeowners, renters, life, business, and more. It operates … Read more
While American Family Auto Insurance may not be as well-known as some other auto insurance companies such as The Hartford or USAA; it was the sixth largest auto insurer and the tenth largest property and casualty insurance company in the US and Canada in 2021. It is listed in the Fortune 500 companies in the … Read more
Allstate Insurance has been providing insurance products to its customers since 1931 and many of you may recognize the company as the ‘good hands people,’ as relayed in its popular television advertising campaign. The company is the largest personal lines insurer that is publicly-held in the United States. It has a comprehensive line of insurance … Read more
Buying a home is one of the largest and most significant purchases most people will make in their lifetimes. Payments are spread out over decades, so you gradually chip away at the mortgage until the home is entirely yours. But you’ll have to pay some hefty upfront costs or take advantage of down payment assistance … Read more
5% of Purchase Price 20% of Purchase Price Down Payment $15,000 $60,000 Loan Amount $285,000 $240,000 Interest Rate (fixed) 4.00% 4.00% Mortgage Payment (Principal and Interest) $1,361 $1,146 PMI $178 $0 Total Monthly Payment $2,050 $1,657 Total Interest $204,828 $172,487 Total Mortgage Paid $489,828 $412,487 Put 20% Down To Avoid PMI Many lenders will require … Read more