5 Reasons Singles Should Get Life Insurance

Life insurance isn’t just for families. Singles have much to gain from a life insurance policy. If you’re a young professional starting out in your field, consider the following benefits of obtaining life insurance from The Sanford Group in Ball Ground, GA.

Payment of Outstanding Debts

Most young people today have outstanding debts, whether they be student loans, new car loan or mortgage. If there’s a co-signer on your loans, he or she will be responsible for your debt if you were to suddenly pass on. Life insurance proceeds can be used to pay off outstanding debts so your family isn’t held liable upon your demise.

Funds for Dependent Family Members

You may have someone depending on you for financial assistance such as an aging parent or disabled aunt. By naming them as beneficiaries on your life insurance policy, they can continue receiving financial help after you’re gone.

Co-Business Owner

If you started a business with a partner, your sudden demise could cause the business to go under due to lack of financial support. Your life insurance benefits can help keep the business going until your partner can get back on his feet.

Security for Future Family

Life insurance is cheaper to buy when you’re young and healthy. By purchasing life insurance now, you will have a foundation upon which to build once you start your family.

History of Health Issues

If your family has a history of health issues, it’s to your advantage to buy a policy before health problems develop. Once you’re diagnosed with an illness, the cost of a policy will be much higher. If you were to pass on from an inherited disease, your life policy can help pay for your funeral costs.

Learn more about life insurance option and costs by contacting us at The Sanford Group in Ball Ground, GA.

Understanding Commercial Insurance for Business – The Sanford Group

Commercial insurance is an important business tool. It is as important as the talent you hire to manage your business as well as the equipment needed to help you maintain your competitive advantage. As a business owner offering your products and services in and around Ball Ground, GA, you know that one unfortunate accident can set you back financially or lead to some other catastrophic result. This is where The Sanford Group can help your business.

Commercial insurance involves those coverages necessary to reduce your risks as a business owner. The common risks covered include; loss due to property damage (property insurance); loss resulting from third-party claims (liability insurance); and loss that comes from injuries to workers on the job (workers’ compensation). 

You understand as a business owner that the line between profit and loss can sometimes be a thin one. An expense like commercial insurance, whether obtaining new property coverage or updating your existing policy or determining if the liability protection is sufficient in the event of a product liability or libel lawsuit, may not be the most important to you. The luxury of having proper commercial insurance coverage in place is in knowing that if any issue arises that results in a loss to you may be provided for by your insurance and not cause you to settle out-of-pocket.

Agents working with The Sanford Group serving Ball Ground, GA, are licensed agents who stand ready to help you with your commercial insurance needs. Meeting with these professionals can help you determine what level of commercial coverage that is most appropriate for your business. You owe it to yourself and your customers to, at very least, perform a check-up on your current level of business protection. Let The Sanford Group assist you in providing the peace of mind you need to continue operating at a reduced risk.

Understanding Commercial Insurance for Business – The Sanford Group

Commercial insurance is an important business tool. It is as important as the talent you hire to manage your business as well as the equipment needed to help you maintain your competitive advantage. As a business owner offering your products and services in and around Ball Ground, GA, you know that one unfortunate accident can set you back financially or lead to some other catastrophic result. This is where The Sanford Group can help your business.

Commercial insurance involves those coverages necessary to reduce your risks as a business owner. The common risks covered include; loss due to property damage (property insurance); loss resulting from third-party claims (liability insurance); and loss that comes from injuries to workers on the job (workers’ compensation). 

You understand as a business owner that the line between profit and loss can sometimes be a thin one. An expense like commercial insurance, whether obtaining new property coverage or updating your existing policy or determining if the liability protection is sufficient in the event of a product liability or libel lawsuit, may not be the most important to you. The luxury of having proper commercial insurance coverage in place is in knowing that if any issue arises that results in a loss to you may be provided for by your insurance and not cause you to settle out-of-pocket.

Agents working with The Sanford Group serving Ball Ground, GA, are licensed agents who stand ready to help you with your commercial insurance needs. Meeting with these professionals can help you determine what level of commercial coverage that is most appropriate for your business. You owe it to yourself and your customers to, at very least, perform a check-up on your current level of business protection. Let The Sanford Group assist you in providing the peace of mind you need to continue operating at a reduced risk.

Why Commercial Insurance Is Necessary for Your Startup

Launching a startup is always an incredible way to cultivate an innovative idea into a business that can grow to become a multinational. However, you will face a wide range of challenges from the time you launch your startup to the time you start gaining stability.

It is always important to have the right protection from the very beginning so that you can focus on what matters most. The Sanford Group offers a comprehensive business insurance coverage to all startups in Georgia. We are here to protect you against a myriad of costly circumstances such as property destruction. Here are the top reasons why commercial insurance is necessary for your startup.

It Guards Your Valuable Human Assets

As a startup, you may be having some key human personnel with specific skill sets who help your business generate a lot of profit. It is therefore recommended that you insure these people with the “key man” insurance policy. This is simply a life insurance policy that falls under commercial insurance that will protect your startup in case of death or critical illness. This policy covers loss of profit, increased workloads as well as disruption of development plans.

Some Aspect of the Commercial insurance is a Legal Requirement

Georgia law requires all businesses with employees to provide specific types of insurance to their workers. This includes unemployment, workers’ compensation, and disability insurance. Failure to oblige with the legal requirements can result in civil/criminal penalties, fines, or exclusion from public contracts which can easily bring down your startup.

Helps You Protect Your Protect Your Property

One of the most significant expenses of a startup is usually the money spend on purchasing the equipment that it needs to kickstart its operations. Commercial insurance protects your physical property against damage or theft. Some of the instances that can lead to property damage include fire, wind and hail storms, and vandalism. It’s wise to protect your valuable business property from such scenarios with commercial property coverage.

Are you an entrepreneur running a startup? Contact The Sanford Group today for a comprehensive commercial insurance policy.

5 Facts You Didn’t Know About Life Insurance

We have insurance on almost all the material things we own, but never think of ourselves. Think of your children, spouse, siblings, parents, and anyone who depends on you. What would happen to them when you are gone? Life insurance is the answer. It gives you peace of mind knowing that you have provided your loved ones with the financial stability they will need during the most difficult time of their life. That said here are some of the facts you didn’t know about life insurance in Ball Ground, GA:
A source of income if you are disabled
You can receive benefits when still alive. Policyholders suffering from terminal or critical illness to an extent they can’t perform their daily activities, can tap into part of their benefits.
Builds up cash value
Life Insurance increases in value over time. The premiums you pay to your policy grow at a given interest rate. The extra cash value is yours to use should you need it.
 
Affordable premium rates
Just like any other insurance policy, you can get a policy at different premium rate; expensive or cheaper. You can also reduce your premiums by staying healthy.
 
Other Uses of life insurance
Life Insurance can be used by the beneficiary for any financial need they have. Whether it’s paying the mortgage, loss of income or even settling debts.
 
Permanent or Term life insurance
With term life insurance you get coverage for an exact period of time while for permanent life insurance you get long term coverage for as you live. If you live in Ball Ground, GA then, contact a local agent at The Sanford Group, to know which one suits you the most.
It’s important to re-evaluate your policy especially when you undergo major life transformation. Take the right step in taking care of your loved ones even when you are gone. 
Contact The Sanford Group today and get all the information about Life Insurance including commercial life insurance.

Home Insurance Trends to Watch in 2018

Your home is probably the most valuable asset that you will own in your entire life. A standard homeowners’ insurance policy insures not only your home structure but also your personal belongings and liability in Ball Ground, GA. The Sanford Group homeowners’ insurance covers a wide variety of disasters which provides the much-needed peace of mind. There are lots of trends in the home insurance industry that are shaping how homeowners purchase home insurance and how they file claims. Digital transformation is revolutionizing every industry in the modern world, and the insurance sector hasn’t been left behind. Here are some of the home insurance trends to look out for in 2018.

Easier and Faster Claims Process

In the past, when an incident occurred, the homeowners in Ball Ground, GA had to preserve everything as there were and begin the agonizing process of reaching their insurance agents. However, with the introduction of mobile technology, everything is fast-changing.  The claim process is becoming easier and faster. You can just take photographs of the damage and send them to your agent. We expect this to become a common home insurance claim procedure in 2018.

Introduction of the Self-Service Dashboards

There is always a unique beauty in every dashboard. We have seen the dashboards in grocery stores and restaurants, and the trend is expected to shit to home insurance in 2018. The Millennials who are beginning to buy homes want to get everything done as quickly as possible with just a click of the button. It will make a lot of sense to them if they can file a claim or get an instant quote just by the click of a button.

Insurance as a Service (IaaS)

This is another trend that will become tremendous in 2018. Insurance as a Service allows homeowners to insure their expensive household items such as cameras, selectively when they are only in use. This should see the home insurance premium come down since not everything covered by the policy is insured wholesomely.

Do you want to learn more about the home insurance? Call The Sanford Group today for more information.

 

Can Your Friend Drive Your Car Under Your Policy?

Your friends may be able to count on you, but can you count on your insurance company to cover them if they’re driving your car? Whether it’s a true emergency or your friend just begs to drive your car for fun, The Sanford Group wants you to learn more about what would happen if there was an accident on the road. 

How It Works 

Naming your friend on your insurance policy will give them access to all the benefits you already have. The insurance company will need to run your friend’s record before allowing them to be officially named, but there’s no difference in the level of coverage between anyone listed on the policy. (Just be aware that if you’re the primary driver, then your insurance may go up in the event of an accident.) However, if someone who isn’t named on the insurance policy, then the matter becomes more complicated. 

Understanding Coverage 

Usually, it’s the owner of the car who will be on the hook if your friend happens to drive it and then later be declared at fault for an accident. If your friend has insurance coverage, there’s a possibility that their insurance company will take some responsibility, but it’s not guaranteed. In Ball Ground, GA, drivers are encouraged to exercise caution when it comes to who they let drive their cars. In the case of a very new driver or one without a license, the consequences can be that much more severe should something happen. 

The Sanford Group is happy to help the residents of Ball Ground, GA learn more about how their auto insurance policy works. Give us a call today if you’re looking to find out more about your policy or if you’re shopping around for new coverage!

 

At What Age Should You Consider Life Insurance

It’s important to start the conversation about purchasing life insurance as early as possible, even as early as birth. The truth is that life insurance appreciates as you grow older, so it’s best to start searching for options sooner rather than later. If you don’t already have a policy, contact The Sanford Group who serve the Ball Ground, GA area to get you started with coverage right away.

From Birth to 18 Years

One of the first things a parent will do after their child is born is purchase health insurance. In addition, you should get life insurance as well. While they’re minors, whole life insurance policies can be paid in advance. After the child’s 18th birthday, the policy can be transferred to them, so he or she can continue to fund the policy. If they choose to cancel it, the insured would receive a cash balance, if any equity were accrued.

College Students and Life Insurance

Generally, during the college years, you’ll start accumulating debt. With credit cards, car payments, and student loans, these debts can potentially be relieved with life insurance. If you die with a ton of debt, your family members will be left to settle your outstanding balances. Life insurance leaves money to diminish these burdens. Unfortunately, 18-35 year olds are not concerned with the future bills, so many don’t consider insurance until later.

Working Adults

On average, after the age of 35 is when many adults begin to think about acquiring life insurance. The cost of waiting any longer could increase your rates significantly. As you age, you’re more likely to acquire a serious medical condition that could impact your life insurance costs.

Start shopping around for life insurance today by visiting the agents near Ball Ground, GA at The Sanford Group.

Important Information about your health insurance plan that you need to know.

With open enrollment around the corner in Ball Ground, GA, it is essential for consumers to have an accurate understanding of your options so that you can make the best health insurance choices for you and your family.

The marketplace will open up on November 1 and close on December 15th, during that time you will be able to review plan options and decide if you want to keep your current plan or move on to a new one. There are a lot of different options to go through; please free to reach out to an agent at The Sanford Group to discuss the various plan options available to you.

The bronze level is the lowest level of coverage you can purchase. Typically these plans will cover 60% of your medical expenses while you will need to cover the other 40%. Bronze plans will have the lowest premiums but carry the highest deductible meaning you will be left paying out of pocket for most routine care.

The Silver plans are moderately priced plans and will come with a more moderate deducible. If you qualify for the extra savings, you will need a silver plan to claim the benefits.

Gold plans carry a high monthly premium but will cover about 80% of your expenses. Gold is a good option if you have a lot of medical needs.

Platinum plans have the highest premiums but provide the most coverage. Platinum plans are a good option if you want peace of mind that all your medical needs will be covered.

As you can see there a lot of option available, please feel free to reach out to one of our specialist at The Sanford Group. We proudly serve the Ball Ground, GA area.

Types Of Insurance Policies For Your Family

It is estimated that four in ten Americans do not have enough life insurance. This fact ignores that the best way to protect your family is by purchasing  Life insurance. What are the best life insurance options? The Sanford Group Ball Ground, GA know life insurance options based on one’s needs.

TERM LIFE INSURANCE

Term life insurance is recommended if you are young and in good health and want the insurance for a given period or time. A family with young children, a twenty-year term life insurance makes sense. A college education can be paid or if there is a debt owed for a fixed period the insurance can pay off the debt. If you are older and need a significant amount of life insurance, and your budget cannot be stretched, this policy pays off upon your death but only during the term of the policy. Now debt free, and still alive, a new or a renewed policy can be purchased after the term ends.

PERMANENT LIFE INSURANCE

Unlike term life insurance, permanent insurance protects the length of your life accumulating a deferred cash value, which is in force with the continuation of payments. A "convertible" term policy would be appropriate in case your financial needs have changed. You are allowed to convert your policy to permanent insurance. Premiums are lowest when you are young and increasing upon renewal. 

A permanent life insurance is best if you need life insurance for as long as you live. A permanent policy pays a death benefit, and as you age, you will accumulate a savings element which grows on a tax-deferred basis permitting borrowing. The Sanford Group Ball Ground, GA will describe in further details these insurance products, please call now and ask for an appointment!