We are your trusted partner
We are fully independent which means we are loyal to our clients, not the companies we represent. When you choose to work with us, you can rest assured that we will do all of the heavy lifting.
About Our Agency
Our mission is to empower our clients with the knowledge to make the best decisions for themselves, their families, and their businesses. We always put our clients first.
We review your complete financial plan
Investment professionals want to sell you investments. Insurance professionals want to sell you insurance. We want to understand your entire financial puzzle, not just one piece.
Trusted Advice
Solid Solutions
Individual Solutions
Life insurance is the foundation upon which a solid financial future is built. We represent some of the most well-known names in the industry to find the right solutions for you.
Do you have over $7,000 in unsecured debt? Credit cards? Medical bills? Student loans? Back taxes? You may qualify to work with one of our debt resolutions specialists.
Whether you just started your first job or are planning to retire after 40 years, we have the tools that can help you accumulate wealth and protect your hard earned savings.
College funding is one thing, but college planning involves: skills assessments, college applications, grant and scholarship assistance, and a host of other complex tasks which is why we partner with the Heartland Institute.
Home and auto insurance provide financial protection against unexpected events like accidents, theft, and natural disasters, ensuring that you can recover and rebuild without facing significant financial hardship.
We offer diverse dental and vision coverage to meet your budget and health needs. With online enrollment and rates based on location instead of age, you are sure to find the perfect fit.
Medicare is complicated. With an array of Medicare options and significant rate variations, we strive to simplify the process for you, and help you select the best choice.
You insure your home and your car—but your income and earning potential are more valuable than any possession. Think of disability income insurance as protection for your paycheck.
Business Solutions
Group benefits such as health, retirement, and wellness solutions, help to foster employee satisfaction, loyalty, and productivity while reducing turnover and keeping your business competitive.
Whether you're seeking general liability, workers compensation, auto, cyber security, or any other line of coverage, we are here to help you protect your business. We can tailor your coverage to make sure you're getting exactly what your business needs.
We aim to assist businesses in managing financial records, tracking expenses, and following tax rules. With our help, businesses can simplify financial tasks and make smart choices to grow and succeed.
Offer your employees a course taught by a CFEd® certified instructor. Whether your employees need help with retirement, cash flow planning, or debt management, or other important areas of financial education, we can help.
Read Our Latest Blog Posts
Who Can Be a Beneficiary?
Who Can Be a Beneficiary?
When purchasing a life insurance policy, one of the most important decisions you will make is
selecting a beneficiary. A beneficiary is the person or entity who will receive the death benefit
of the policy upon the death of the insured. While it may seem like a straightforward decision,
there are certain rules and restrictions that must be considered. One of the key factors is who
can be a beneficiary.
In general, anyone can be named as a beneficiary of a life insurance policy. This includes family
members, friends, business partners, and even charities. However, there are some important
things to keep in mind when selecting a beneficiary.
1. Family Members: The most common choice for a beneficiary is a family member, such
as a spouse, child, or sibling.
2. Minors: While minors can be named as beneficiaries, they cannot receive the death
benefit until they reach the age of majority. If a minor is named as a beneficiary, it is
important to name a custodian or trustee to manage the funds until the minor reaches
the age of majority.
3. Trusts: A trust can also be named as a beneficiary. This is often done for estate planning
purposes, to help ensure that the death benefit is distributed according to the wishes of
the insured.
4. Business Partners: If you own a business with partners, it may be a good idea to name
them as beneficiaries of your life insurance policy. This can help ensure that the
business is able to continue operating in the event of your death.
5. Charities: Naming a charity as the beneficiary of a life insurance policy is a great way to
support a cause you care about. This can also have tax benefits, as the death benefit is
generally tax-free to the charity.
In addition to the above, it is important to keep your beneficiary designation up-to-date. Life
changes such as marriages, divorces, and births can all impact your beneficiary designation. It is
a good idea to review your policy regularly to ensure that your beneficiary designation reflects
your current wishes. If you haven't updated your beneficiary in the last 24 months, schedule your free
policy review with us here.
It is important to consider the specific rules and restrictions that may apply. It is also important to keep
your beneficiary designation up-to-date to ensure that your wishes are properly reflected. By
understanding who can be a beneficiary, you can make an informed decision that meets your
needs and protects your loved ones.
Let's work together!
Start with a complimentary financial needs analysis. This will give you a chance to meet us and to see how we can help you achieve your dream.
Our Trusted Partners
Life - Annuity - Health
Home - Auto - Business
Our Trusted Partners
Life - Annuity - Health
Home - Auto - Business
Office:
450 St. John Rd. #2039
Michigan City, IN 46361
Call or Text:
219-259-5835
Email: [email protected]
Site:
www.bairandassociates.com