Are you one of the people who think you don’t need lifer insurance? Please think again. Life insurance provides real security for those you care about. Life insurance benefits can provide financial security and resources for your family or loved ones after you are gone. Let’s look at a few of the reasons to consider life insurance:
Payment on Debt– If you have any outstanding debt (mortgage, credit cards, etc.) at the time of your death, it does not go away. Your estate will still be responsible to settle all accounts. Life insurance can provide the financial resources to cover debt.
Continuation of Income- Life insurance can provide the funds to replace your income upon your passing. Family income will certainly diminish with the loss of an income earner, which means your family will experience a lower standard of living. The death benefits of a life insurance policy can prevent this from happening, or at least keep the impact to a minimum, by replacing income lost with the demise of the breadwinner.
Unpaid Medical Expenses- It is highly likely that you will incur medical expenses prior to your death. Some of which may not be covered by health insurance. Adequate life insurance proceeds ensure that these final expenses are covered.
Funeral Expenses- Most people don’t plan for, or fund, funeral expenses. Again life insurance is there to help.
The good news is that life insurance rates are low and there are many different kinds of products to select from. One question we often get is, “How much life insurance do I need”? The answer to that depends on your individual situation, but the general guideline is, a life insurance limit of at least ten times your annual gross income is a start. For example, if you earn $50,000 per year, your family would need to replace somewhere close to that amount. A $500,000 life policy could return $45,000 to $50,000 annually, depending on interest rates.
The most cost effective type of policy is term insurance. Term insurance provides protection for a specific, limited amount of time, usually in five-year segments, such as for 10, 15, 20, 25 or 30 years. Typically you pay annually and the premium is locked in for that period of time.
We are living in a new world, and it requires a new way of thinking about summer activities. Many large events have been canceled, and vacation plans have changed, but you can still have a great time with your family and friends this summer. Social Distancing Fun:
Camp in your own back yard
Travel to the beach if it is open
Take a hike
Take a picnic to a lake
Enjoy an outside movie night
Host a virtual game night
Update your backyard
Complete home improvement projects
Wear a mask if it required
Wash your hands
Maintain social distance. As you go about your life and errands, do your best to keep a distance of 6 feet
Who knows how long we will have to practice social distancing during the pandemic, but at least with these suggestions, you can still have fun while maintaining your six-foot bubble.
An Auto Insurance Update
Most people have some gaps in their personal insurance coverage. We do our best to help our clients understand where these are and provide solutions so that these gaps don’t exist. Having an independent agent help, you find the right kind of personal insurance for you can go a long way in providing you with peace of mind.
Personal insurance is, and we are here to help you understand the complex, so you have made an informed and educated decision.
What are Insurance gaps?
Insurance gaps can be areas where you thought there was coverage, but in reality, there is not. It may be that the coverage is not available or is too expensive or you just did not know about it. Gaps can occur if you have more than one agent handling your personal insurance. Between your home, auto, RV or personal umbrella there might be times when one agent thought the other was taking care of the issue. Insurance gaps can include:
• Flood insurance
• Identity theft
• Sewer back-up
• Auto insurance limit issues
• Your home is undervalued
• Lack of a personal umbrella
• Limited coverage for other drivers on your auto policy.
These are just a few of the personal insurance issues that can create real problems for you. Call our office for a free review.
Do you need insurance for your boat, RV, motorcycle, or ATV?
Regardless of whether you are relaxing on your boat at the lake, traveling through the Rocky Mountains, camping with friends and family, or enjoying the open road on the bike of your dreams; you need to take the proper steps to protect what you have worked so hard to enjoy.
All these activities need personal insurance to protect you against damage and other claims. Generally, we have found that we can get better coverage and pricing when we use our specialty carriers. For example, watercraft insurance has pollution coverage for fuel spills, coverage for injured water-skiers, and on-water towing coverage that homeowner’s insurance won’t provide.
RV insurance rates differ from company to company, so it really pays to have us shop your insurance. Some markets offer better rates for trucks, RV’s, and campers, while others can offer better rates for motorcycles. To properly insure your RV, you may need liability, collision, comprehensive, uninsured motorist, medical payment, and towing coverage. Motorcycle Insurance
All motorcycles on the road are required by law to have motorcycle insurance. Motorcycle insurance protects a motorcycle and its owner in the event of a loss. You may need to consider special coverage. Custom parts and equipment (ACPE)/Accessory coverage can be purchased for motorcycles less than 25 years old. You may spend thousands of dollars customizing your bike and that is why you need custom motorcycle insurance. Boat/Watercraft Insurance
Your boat will need boat insurance for liability and damage to the hull and personal property. Boat insurance can include physical damage coverage, medical payments, liability, and trailer coverage. ATV Insurance
ATV insurance is similar to motorcycle insurance. We can combine motorcycle coverage and ATV insurance into one policy for multi-vehicle discounts. We offer additional ATV coverage for damage to custom equipment that you’ve added to your ATV.
Why Work With Our Insurance Agency?
We know and understand your risks
We are a full service independent insurance agency
Our goal is to provide the best possible combination, of coverage, price and service
The CIOVID-19 pandemic has affected the way we do business in a very significant way. Many businesses are requiring people to work remotely. Employers are finding that having employees work remotely may be the new normal.
COVID-19 has forced us to become more dependent on the internet, as desperate measures, like social distancing, disrupt economic activity and everyday life.
This new way of doing business could mean that employees are collecting client information from home or other places that may not have the same cyber security as an office network. In some instances, employees who are working remotely are forced to use their home computers because they do not have a company laptop.
Top Work-from-Home Cyber Concerns
Unsecured video conferencing
Using unsecured networks
Spam and phishing campaigns exploiting the COVID-19 pandemic
Maintaining security-critical operations, such as patch management
Supporting employees to ensure they have what they need to work from home without sacrificing security
Theft of client information from lap tops
Changes to regular security-critical processes
Using social media platforms from unsecured networks
What Can Employers Do to Reduce the Threat?
Do not open email from people you do not know.
Do not reveal personal or financial information in emails, and do not respond to email solicitations for this information.
Do not provide personal information to unknown websites or uninvestigated third-party messengers.
Do not share the virtual meeting URL’s on social media or other public channels.
Avoid clicking on links in unsolicited emails, and be wary of email attachments.
Lock your screen if you work in a shared space.
Provide corporate computers/devices to staff while teleworking, where possible.
Use secure, password-protected emails when sending documents.
Ensure that adequate information technology resources are in place to support staff.
Provide secure video conferencing for corporate clients (both audio/video capabilities).