Benefits

Happy family mother housewife and child in laundry with washing machine

Why 2020 is the Year We Need Life Insurance.

Simply put, life insurance provides your spouse, children, and loved ones (also known as “beneficiaries”) with financial support if you were to pass away. Making sure you’re covered is one of the most empathetic financial decisions you’ll ever make: you’re not thinking about your death so much as you’re thinking about the quality of your loved ones’ lives. And in that sense it’s an essential part of your overall financial plan.

Happy family mother housewife and child in laundry with washing machine

Why do you need Life Insurance?

2020. That's why.

But seriously—if your loved ones depend on your income, you need life insurance. Here are three big reasons why. 

1. To relieve financial burdens.

Funerals are expensive—on average, $7,000 — $10,000. You don’t want to leave your family paying out-of-pocket for that. On top of funeral and burial costs, your family will be in charge of paying the mortgage (or rent), utilities, groceries, credit cards, debt—the list goes on (and if you pass during an economic crisis, like the “Coronavirus Crash,” that list feels way longer). Life insurance replaces your income for years to come, so your family won’t be stuck in a tough place if you’re not around. 

2. To give your family time to plan.

It also gives your family time to grieve without worrying about paying the bills or finding a new source of income. You’re buying your family time to figure out what life looks like without you and what steps they need to take next. 

3. To give you and your family peace of mind. 

Life insurance answers the big “what if” question that keeps us tossing and turning at night: what if I pass away?  Though no policy can replace you—your humor, your love, your personality—it can put to rest the fear that your family will struggle financially in your immediate absence. 

Make Sure Your Loved Ones Are Covered

Look, here’s the thing—we often get so wrapped up planning our own financial futures, we forget to secure our loved ones’ futures if we die. If you don’t have life insurance, make it a point to get some today. Take a moment and contact a Snyder insurance representative, and we’ll help you customize a plan that fits your family’s needs.

Online Meeting

Online Meetings and Working Remotely During the Pandemic? Here’s How to Safeguard Your Online Meetings

Online Meeting

To call the opening weeks of the pandemic a nightmare for American businesses is a gross understatement. One of the biggest challenges was a rapid and effective shift from in-person to remote work. Sales at Zoom, Skype, and other video conferencing platforms surged as employers scrambled to keep things moving.

Maybe you’re one of those business owners or managers who quickly purchased an enterprise account for your employees. And several months later, not only are your staff meetings, and sales calls all online, but your employees are all now trying to outdo each other with the most eye-catching filters and virtual backgrounds.

Now that you’re starting to settle into this remote world, you should evaluate the cybersecurity risks your video conferencing system and processes may pose. Perhaps you’ve seen headlines about Zoom bombing or even fallen victim to it. But the business risk associated with video conferencing is not limited to lost time from disruptive trolls. If you’re sharing sensitive financial or confidential information with other employees or clients across these platforms, you need to know how to safeguard the data. Otherwise, if compromised, your losses could be costly. 

It’s yet another potential headache in the era of COVID-19. 

But it’s one you may avoid if you take the following steps to mitigate risk.

Assess the security of your system

Start by assessing the platform you currently use. Understand that hackers and criminals will find new vulnerabilities over time. This isn’t a one and done situation. Keep your IT staff up-to-date with application improvements to patch those vulnerabilities as they are discovered.

Also, understand that your business’ video conferencing system is not the only third-party platform you use. It includes everything your employees use to join your online meetings, from their webcams to their microphones. Even separate wireless devices, such as smart speakers, can be compromised and used to collect sensitive information.  

Make sure your IT department fortifies company-owned equipment with the latest security measures, and regularly updates those security applications. Also, teach your employees to keep their computing equipment secure at all times.

Evaluate your operations

Review your written policies to determine if they follow best practices for keeping online meetings as secure as possible. Do this periodically — at least once every six months — to keep pace with new developments in IT security.

Also, make sure your employees are following company policies. Are your staff exchanging financial or other sensitive information via video conference, when they should be directing customers to a payment gateway? Are they inadvertently sharing confidential information when they are screen-sharing documents during a public presentation? You may need to provide additional training to mitigate the risk of sensitive data being stolen during online meetings and sales calls.

Evaluate your operations

Review your written policies to determine if they follow best practices for keeping online meetings as secure as possible. Do this periodically — at least once every six months — to keep pace with new developments in IT security.

Also, make sure your employees are following company policies. Are your staff exchanging financial or other sensitive information via video conference, when they should be directing customers to a payment gateway? Are they inadvertently sharing confidential information when they are screen-sharing documents during a public presentation? You may need to provide additional training to mitigate the risk of sensitive data being stolen during online meetings and sales calls.

Make sure you're covered

If you do discuss financial or sensitive information via video conference, have your counsel ensure that you’re using the proper disclaimers to minimize liability. If your data is stolen, make sure you’re covered from potential damages.

A comprehensive cyber liability insurance policy is a must in this brave new world of remote work. For more information about how you can be covered in the event of data loss, contact a Snyder Insurance representative today.

Castaway - A Real Life Insurance Scenario

Castaway – A Real Life Insurance Scenario

We’ve all seen Castaway, right?

Tom Hanks’ plane crashes, he ends up stranded on a deserted tropical island for four years with an inanimate volleyball named Wilson as his only friend and courageously sails his way off the island.

Now, I don’t consider myself to be an emotional crybaby but the scene where Tom Hanks realizes he can’t swim to save Wilson and apologizes profusely to a blood-faced volleyball always causes me to ugly cry.

Every. Single. Time.

But it got me thinking.

What happens to your life insurance policy?


Interested in getting your life insurance policy set up? Check out my life insurance page!

Medical insurance cards

New Health Insurance, Now What?

New Health Insurance, Now What?

1. Understand your Health Care Coverage

Take some time to acquaint yourself with the costs and fees of your shiny, new policy. The points of your policy you’ll want to know inside and out are: co-pays, emergency room fees, prescription coverage and your annual deductible. Understanding these fees and terms will help you in making good financial and health decisions.

For example, if you’ve already met your deductible for the year and your doctor wants to take care of some routine matters, great! It makes sense to have them done in the year your deductible has been met. 

2. Take control of your health

Most insurance companies reward those who have healthy habits and take preventive health measures seriously.  Make it a point to find out what healthy perks are available to you as a policy holder. From gym memberships to fitness trackers and even discounts on other healthy living products and services — you could be paying for something out of pocket that your insurance policy will cover! 

3. Choose your Primary Care Provider

Not all plans require a designated primary care physician but even if they don’t it’s worth searching online to see who’s in network and covered by your new plan. It can be a costly mistake to schedule an appointment with a physician you’ve seen in the past who may now be out of your network. Plus, putting in the work upfront puts you in the driver’s seat of your health. You’ll be confident and prepared when you have to go in rather than scrambling at the last minute to locate a physician when you really need to see one. 

4. Be Prepared For Your First Visit

If this is your first time seeing a new physician know your family history and have a list of your current medications ready. Also, take the time to make a list of any health concerns, questions, and take notes. This is the time to establish a relationship with your doctor. 

Bearded Benefits Guy - Justin Wilfley

What is Open Enrollment?

It’s me, Justin. Your bearded benefits guy. Changing it up a bit today. Usually, I’m talking to business owners. The people setting up the benefits plans. But today, I’m talking to everyone else. That means you. The person using the benefits plan. Why? Two words: open enrollment.

In this video, Justin Wilfley breaks down small group health insurance and explains what you need to know.

Small Group Health Insurance and What You Need to Know

There are a lot of things to talk about when it comes to purchasing Small Group Health Insurance. And it’s a dangerous minefield of acronyms. Our Bearded Benefits Guy, Justin Wilfley, is going to break it down for you in the way that only he can do!