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!

How to Protect Yourself from Liability Suits

Business owners of large and small businesses alike want to protect themselves from possible lawsuits at all costs. Lawsuits can be very damaging to business owners. Following are several tips to help keep you and your business legally safe.

Behave Yourself

Understanding and abiding by the finer points of professional behavior can go a long way to prevent negative legal action against your company. Individuals and especially business owners need to understand that freedom of speech and action does not mean freedom to infringe on another person’s rights. If you hold yourself and your employees to a high standard of professional behavior you are giving yourself the best type of free protection.

Have a Good Lawyer on Hand

Every good business owner needs a good lawyer behind him. A good business lawyer can help you make changes in your business, offer legal advice and head off legal problems before they get out of hand.

Insure Your Business

Your business needs a good liability insurance policy in the event that a customer injures themselves on your property. In addition to liability insurance, it is wise for business owners to also obtain coverage that will protect the business if an error or omission is made which affects customers.

Protect Digital Information

As a business owner, you will be dealing with sensitive information concerning your customers. Protecting your customers’ information is essential to protecting your business from lawsuits. You should discuss with an IT expert on how to best protect your company’s information and the information of your customers.

To discuss other ways, you can protect your business, please contact one of our friendly agents today at The Sanford Group serving the Ball Ground, GA area.