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Tax Deduction Consulting: Auto Insurance through Payroll Brigham City UT

In the past few years, some employers have been adding automobile insurance as a potential payroll deduction. Now auto insurance through payroll deductions is becoming increasingly popular.

Mr. Gregory W. Williams (RFC®), CFP, CHFC, CLU, LUTCF, MSFS
(801) 453-2271
6340 South 3000 East, Suite 500
Salt Lake City, UT
Company
Exit Strategy Specialists, LLC
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

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H&R Block
(435) 644-2071
40 E CENTER
KANAB, UT

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H&R Block
(435) 725-3335
855 E 200 N STE 112-3
ROOSEVELT, UT

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H&R Block
(801) 546-3091
27 S FORT LN
LAYTON, UT

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H&R Block Inside Sears Downtown
(801) 532-0610
754 S STATE ST
SALT LAKE CITY, UT

Data Provided by:
Mr. A. Wayne Margetts (RFC®), LUTCF
(801) 532-1871
175 S Main St, Ste 1050
Salt Lake City, UT
Company
LPL
Qualifications
Education: BSc (Math)MBA
Years of Experience: 16
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
H&R Block
(801) 733-0847
3438 BENGAL BLVD
SALT LAKE CITY, UT

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SC ACCOUNTING TAX SERVICES LLC
(801) 652-8755
408 S 900 W SLC - UT 84116
SLC, UT
 
H&R Block
(801) 766-2308
1438 E MAIN STE 8
LEHI, UT

Data Provided by:
H&R Block Premium
(801) 355-4649
888 S 200 E STE B
SALT LAKE CITY, UT

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Tax Deduction Consulting: Auto Insurance through Payroll

Auto Insurance through Payroll Deductions

In recent years, both online payments and payroll deductions have proved to be easy ways to pay bills. Now auto insurance through payroll deductions is becoming increasingly popular.

Bill paying has always been a monumental pain for most people. Payroll deductions to pay bills has been a relatively painless way to handle this problem. In the past, the kinds of bills paid by payroll deductions were mostly employer provided health insurance and those pesky garnishments for such things as court ordered debt payments or child support. In the past few years, some employers have been adding automobile insurance as a potential payroll deduction.

In most cases, the employer is the one providing the insurance, but recently many mainstream auto insurance firms have begun to explore the practice. In is expected that in the coming years this option will become increasingly popular and available. People like payroll deductions for such routine and recurring bills because of several factors. When a bill is paid by payroll deduction, you do not forget that it is due. Since it is paid automatically, you never have the funds in your wallet or bank account and this seems to make it much easier to part with them.

There are a few disadvantages to auto insurance through payroll deductions. In most cases, the entire monthly premium is taken out of one paycheck. This would create uneven paychecks that makes budgeting a bit more difficult. Another concern is what happens to the insurance when one changes jobs or loses his job. In the case where the insurance is provided by the employer, this could lead to an interruption of coverage. More likely, the insured will have a chance to switch his coverage to another method of premium payment.

The auto insurance industry is very competitive and this is leading companies to explore programs to encourage payroll deductions for payment of premiums. In the same manner that many companies have in...

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