Legal Insurance Blog

March 8, 2016

Budgeting for College Debt

It is not an Impossible Task

A college graduate is more than excited about that first full-time job. It means a large paycheck and more money in the bank account than was ever seen before. All the excitement of being independent makes this person forget a very important point about the college loans. There is a time of grace permitted, but after that regular payments are must be paid on a routine basis. There are serious consequences if the recent college graduate forgets to start paying. There can be penalties involved which cause the loan debt amount to grow. The new employee gets caught off guard, finding that he or she has to suddenly start paying a sizable amount. It could cause a panic that may throw financial wellness into a spin.

February 24, 2016

Public Agencies Can Bewilder Anyone

by Len Feltoon

Spring is a Filing Season

Everyone deals with the Internal Revenue Service (IRS) at this time of year, but the IRS is not the only public agency to contend with. Homeowners may want to appeal their property tax rate, and they need to be able to fill out the paperwork. There are other instances where an average individual has to deal with a public agency for tax relief or other considerations. Things are made easier if there’s a group legal plan that can be used. Continue reading

February 19, 2016

Senior Employees Need Financial Wellness Help

by Len Feltoon

Financial Issues Are Sorted Out

Financial wellness is not just an issue for younger employees. Those who are getting closer to retirement age have a very real concern about their finances. Once they retire, they will be living on a reduced income. Credit card debt and other responsibilities can make them feel very apprehensive. They also have to worry about student loan debt. Many parents are paying off balances from the plus loans, and these can require years of continual payment. It happens that older employees feel swamped and worry about retirement. A company with a financial wellness plan provides excellent support.

February 15, 2016

Credit Card Debt is Serious Business

by Len Feltoon

The Total Amount Can Get Out of Hand

Credit cards are convenient and they become a way of doing all kinds of business. This may not seem like too much of a problem, but it actually can be quite serious. We often reach for the plastic when we are making a purchase, and sometimes those purchases are rather small. It may not seem like a major difficulty but there are consequences. You are charged interest on every transaction that involves your credit card. Those interest rates are in double digits, and they add up. Before you know it you’re faced with a real danger to your financial wellness. Continue reading

February 12, 2016

ID Theft Continues to be a Problem

by Len Feltoon

Hackers Steal Billions

In 2015 the Internal Revenue Service admitted the records of over 100,000 taxpayers were stolen from the IRS website. This meant that the tax refunds of many people were also taken, because the hackers were able to get Social Security numbers. The Internal Revenue Service has promised to make things more secure but it underscores a very serious concern. Financial information can be at risk. A person may need pre-paid legal services or something comparable to protect themselves.

February 11, 2016

You Can Seek Forgiveness

by Len Feltoon

Loan Programs Will Forgive Various Amounts of Debt

The modern college graduate is faced with a staggering amount of debt. It is not out of the ordinary for a young person to have $50,000 or more in debt obligation which has to be repaid. Many students don’t understand that there is a light at the end of the tunnel. You can have some of your debt forgiven, and your financial wellness remain unharmed.

February 8, 2016

Trials of the Contract

by Len Feltoon

Service Agreements and Contract can be Confusing

A contract is essentially an agreement in writing between two parties. This is very simple and you wonder why there are so many problems that arise It is the language within the paragraphs. The language and structure of legal sentences can be very confusing to an ordinary person. They are not used to the words and phrases, and get confused. A contract can be something like a service agreement. Still, there is confusion a person experiences that causes a lot of frustration. Interpreting legal documents is a group legal plan benefits that can help the ordinary individual.

February 5, 2016

Helping Millennials Budget

by Len Feltoon

It Is a Service Young Employees Appreciate

The image of millennials as lazy and irresponsible is not accurate. They are for the most part very hardworking and conscientious young people. However, they are not very familiar with handling money. They can run into trouble with credit cards just because of inexperience. It helps if they have access to a financial wellness plan to provide them with guidance.

February 3, 2016

So Easy to Get. So Necessary to Have

by Len Feltoon

Living Wills Eliminate Uncertainty

A standard group legal plan is going to allow for the drafting of

a number of legal documents. These are deemed necessary for the individual, and will prevent some major challenges in life. Something that is fairly easy to create is a living will. It is an essential pre-paid legal services benefit, and anyone who has watched a loved one slowly die fully understands the importance of having it.

January 18, 2016

Get the Will Drafted

by Len Feltoon

Procrastination Has Serious Consequences

You’re starting out the new year with any number of resolutions. Some of them are for self-improvement, such as losing weight or perhaps taking a college course. There is one particular activity you should engage in as the year starts. It involves writing a will which is something any group legal plan will help you with.