Joe brings more than 30 years of experience in the insurance industry, specializing in life, property and casualty and commercial property insurance.
He graduated from the University of Nebraska-Kearney with a bachelor's degree in mechanical engineering and a master's degree in electrical engineering. He graduated from the Faculty of Electrical Engineering and Computer Science, the College of Engineering at the University of Iowa and as a mechanical engineer at the University of Nebraska, Lincoln.
Prior to joining Kruse Financial Group, he worked as an oil and gas engineer at the US Department of Energy, working on oil and gas projects across the country. He worked as an engineer on a heavy civil project in Nebraska and then as an engineer on the United States Geological Survey.
At the time, Wooldridge was a member of the board of directors of Central United Insurance Company, an Iowa insurance company. In late spring 1992, a Texas company, primarily owned by David Harris, entered into an agreement with the Iowa Insurance Commissioner's office to acquire Central United. The agreement required Life of America Insurance to create a subsidiary, LOA Merger Corporation, through which CentralUnited would be merged, and the transaction was completed with the approval of the Iowa Insurance Board. Subsequently, the Texas corporations of Central and United were reunited under the name Life America Insurance.
At the time of the transaction in question, all Central United shares were owned by the Iowa-based holding company Life of America Insurance Company, Inc., a subsidiary of Iowa Life Insurance Co., Inc., Sioux City, Iowa. It owns the Iowa Insurance Board and Iowa State Board of Directors, as well as the boards of Central and United.
Safeco has four comprehensive coverage levels, including expanded replacement costs, which range from an additional $25 to $50 per year for a total of $1.5 million, and policies that increase the home's coverage limit by up to $5,200 per month, or an additional 25 to 50% if the cost of remodeling exceeds the housing coverage. This includes guaranteed replacement costs, which are paid for rebuilding a house regardless of price, and the cost of insurance cover for future repairs.
Term life insurance policies are level terms, meaning that death benefits remain the same for the duration of the policy. They can be shortened in duration (i.e. death benefits decrease over the life of a policy) and even offer the option of converting to life insurance when the policy expires.
This type of life insurance cannot pay out death benefits, but it can have a cash value, and policies can also be taken out with cash that can be withdrawn, lent or borrowed if necessary, similar to a savings account. Another advantage of universal life insurance is that the policy is built on the same terms as a life insurance policy, but without the risk of death benefit insurance.
Your home is your most valuable asset and you want homeowner insurance that provides you with high levels of insurance coverage for your home and other assets. Large homeowner insurance policies need to be financially stable, behave well and have good customer service.
Whatever your situation, it is important to know how much insurance cover you want and who your beneficiary will be. We can advise you and help you choose the policy that best suits your individual needs and objectives.
Do you want to be clear that once you are away, your family will not be burdened with financial difficulties and will be able to maintain their current standard of living? Life insurance can provide you and your loved ones, your children and grandchildren, and even your grandchildren and great-grandchildren, with much needed income if you cannot provide them with a much more reliable, much-needed income in the event of death than conventional life insurance. If you do not have a significant amount of assets to pass on to your beneficiary, you can use life insurance as an inheritance.
Iowa residents can insure their homes with Encompass Life Insurance, a company that has been one of the leading life insurance companies in the state of Iowa for more than 30 years. There are variants of this type of insurance for Iowa residents and there are differences in the way they do. One of our helpful agents in the company can help you learn more about buying life insurance. There are three separate packages of cover, which include the basic cover of standard home insurance.
Premiums start very cheaply, depending on the age of the insured and rise with age. If you can take out a policy at any age, it will be more affordable for you because it's cheaper than a normal home insurance policy.
The advantage of comprehensive insurance is that premiums are usually the same for the duration of the policy. When your insurance period ends, you can qualify for a new policy based on your health, but the premiums based on your age may be too high to be affordable for you. Instead, you will think about how you spend the remaining time and pursue a carefully calculated policy to cover your debts, funeral costs and legacy.