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How Well Do You Know Your Employees?

In our prior post on bonds we mentioned the fact that bonds are three party contracts involving a principal, a surety and an obligee. The principal is someone who has a legal or contractual obligation to another, the obligee, and that obligation is guaranteed by a third party, the surety, which is usually an insurance company.
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“What Is Good to Buy Right Now? Municipals? Or Corporate Bonds?”

Usually when I tell someone that I work for an insurance agency and that my product is bonds, the response from them is the question above. I’ve received that question so many times that I have a canned response, “The bonds I deal with are not something you want to buy. They are something someone makes you buy.”
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