What Kind of Life Insurance Policy Should I Purchase if I have a Family?

Life insurance is an important investment in the security of your family in the future and in the event of unforeseen circumstances. Life insurance should act as additional income if something happens to you. If you have dependents that rely on you for financial support, life insurance is a must. If you live in Ball Ground, GA or the surrounding areas, you can find the right life insurance policy for your family with The Sanford Group.

A good life insurance policy should cover more than personal debt and funeral expenses- financial sustainability is key. Childcare, mortgage or rent payments, and general living expenses should be considered. Purchasing life insurance as quickly as possible is important, as the rates go up as you increase with age, and if there are any medical problems that develop.

Term Life Insurance for Family Care

Term life insurance is the simplest and most cost-effective option for a family. Term life insurance can often include a small amount of coverage for children as well. The Sanford Group in Ball Ground, GA has experienced professionals that can help you find the proper term life insurance policy for your family.  

Understanding Purchasing a Life Insurance Policy

It is imperative to work with a company that thoroughly understands life insurance policies for families. You want to ensure you have enough coverage for your family’s needs and that it falls within the frame of your budget. There is a free look period of ten days average to review the policy and decide if you want to keep it. It is important to review your policy when there are life changes as well, like marriage, birth, divorce, opening a new business, or purchasing or selling a home.

 

Myths about Commercial Property Insurance

Commercial property insurance in Ball Ground, GA not only protects the space your business operates in, but it can also help repair or replace your property if it is stolen, damaged, or destroyed. Many small businesses won’t be able to replace their equipment after a natural disaster without this insurance, but there can be a lot of misunderstanding about these types of policies. An agent at The Sanford Group can help you understand your options and coverage.

Myth 1: You don’t need commercial property insurance if your business is at home.

Your home insurance may protect some of your business property, but it likely doesn’t cover much and won’t do you any good if your property is damaged while traveling for work. The right commercial property insurance can cover if your laptop or other equipment is stolen when you aren’t at your home.

Myth 2: You don’t need commercial property insurance because you are at your client’s location, using a client’s equipment.

The need for commercial property insurance will be dependent on the contract your have with your client. Not all clients will have the coverage needed to protect you. An example of this could be a contractor that repairs a dishwasher at someone’s home, but leaves the hose on after finishing and causes it to flood the client’s house. Even if a client has the right insurance to cover that, the contractor would still be responsible for the damages.

Myth 3: A tenant renting the building has their own insurance.

If you have a commercial space, just because a tenant has insurance doesn’t mean you shouldn’t as well. A tenant will have a policy that covers their interest, and as the landlord it’s your responsibility to make sure you have proper insurance to cover the building.

Contact The Sanford Group serving Ball Ground, GA to get a quote on commercial property insurance.