How Can Life Insurance Benefits be Used?

Purchasing a life insurance policy from The Sanford Group is the first step toward providing financial security for your family. Life benefits can be used in so many ways to help your family carry on upon your sudden demise. Here are just a few ways life insurance benefits can help those you love after you’re gone.

Cover Daily Bills

Life benefits can help pay daily expenses in Ball Ground, GA such as rent, food, utility bills, medical bills, school needs, and more, enabling your wife and children to continue living the lifestyle they’re accustomed to even though you’re no longer there to provide financial support.

Pay Off Debts

If you have co-signed loans such as student loans, a home mortgage, business loan, etc., life benefits can be used to pay these off so your spouse, parent or business partner isn’t left with this responsibility.  

Support Aging Parents in Ball Ground, GA

Like many adult children today, you may have been helping your parents financially in their old age. By naming them as beneficiaries of your life policy, you can continue to support them after you’re gone.

Put Children through College

 If you have children, you can designate that life benefits to be put into a trust for them to help pay for their college expenses when they’re grown. In like manner, life benefits can be saved to help pay for your daughter’s wedding or to welcome a grandchild into the world.

Pay Your Funeral Costs

Few people prepay for their funeral expenses in advance. If you’ve failed to make arrangements for your funeral before your demise, life benefits can help cover these costs. Your family can grieve in peace without worrying about your funeral costs.

To purchase a life insurance policy in Ball Ground, GA, contact The Sanford Group today.

Should I get commercial insurance in the Ball Ground area?

Anyone that would like to be their own boss and start their own company should consider the Ball Ground, GA area. This area of the state has many practices in place that can help a small business to grow. While there are some great opportunities for small business owners, there are risks as well. One great way to mitigate some of these risks is by getting a commercial insurance policy. There are several reasons why someone should get this form of coverage here. 

Covers Assets

One reason to get a commercial insurance policy here is that it can protect your company assets. Whenever you are going to start any type of organization, there are a number of assets that will need to be purchased. Between inventory, office equipment, and capital assets, starting a business takes a big investment. Fortunately, when you have a commercial insurance policy, you can get protection for these valuable assets.

Provides Liability Protection

All business owners need to recognize their professional liability risk. If you are sued for liability following any type of accident, it could be very detrimental if you are deemed liable. To ensure that your business is properly covered and protected, you should get a commercial insurance policy as it will provide you with valuable coverage for your liability risks.

Starting a business in the Ball Ground, GA area is a great option. To ensure that your company is protected, you should work with a professional when shopping for a commercial insurance policy. If you are looking for insurance, you should contact the team at The Sanford Group to discuss your insurance needs. The insurance professionals at The Sanford Group will help you to get into a policy that provides the coverage your business needs. 

Is Umbrella Insurance Necessary?

You may not consider umbrella insurance to be necessary but they are a valuable tool to financially protect you and your family.  One thing that makes these policies unique is that they only go into effect when your other policies are maxed out.  For instance, is someone is injured at your home due to your negligence, your home insurance policy will cover their medical and legal expenses.  When the policy reaches its cap, the homeowner is responsible for the additional funds.  For most people, this would be a financial burden.  An umbrella policy can help you recover more quickly.  At the Sanford Group, our agents work with homeowners throughout the Ball Ground, GA area.  They can explain how an umbrella policy to benefit you.

Umbrella insurance policies are designed to financially protect you.  In the example of someone getting injured, your home insurance policy may cover $200,000 but if their bills are $350,000, you are responsible for the balance.  As another example, if your home is destroyed by a disaster, your home insurance can help you rebuild.  If it doesn’t cover the total cost of construction, again, you’re responsible for the additional funds.  With an umbrella policy, you’ll have a helping hand when you really need it. 

In the Ball Ground, GA area, our agents at The Sanford Group want to help you with your insurance needs.  Explore the website for general information then contact us to visit.  Our agents can help you decide if umbrella insurance is a good fit for your family.  They can help you understand the details so that you can make an informed decision.  Having a financial tool like umbrella insurance is very important for the protection and quick recovery following a disaster.  Don’t wait!  Call us today for more information. 

Did You Know You Can Have Specific Insurance For Your Classic Car?

Ball Ground, GA has miles of scenic routes surrounding it and many people enjoy taking their classic car out of the garage on a Sunday evening for a leisurely drive and occasional meet-ups to compare their old cars. You may see diner parking lots full of classic cars like a fantasy car lot from the fifties or sixties on any random day of the week in the south. These rare finds are treated as a treasure by their drivers and often need specialized insurance because their value is not easily dictated by the blue book. At The Sanford Group, we offer quality insurance to cover your needs including classic car insurance. 

Classic Car Insurance Considerations

  • The blue book value for the car is likely vastly different than the actual value if the classic car has been carefully restored and garage kept.
  • The classic car may not be driven often. If it is garaged often and only pulled out occasionally you may be able to save on insurance in some circumstances.
  • The classic car might not be driven at all. In some cases, a classic car is only transported in a semi and it never has the risk of an open road. If this is true then the insurance policy could be entirely different. 
  • Even if your classic car is still in the "junker" phase as you begin the restoration process small upgrades should be noted in your policy to ensure proper coverage if there is an accident before it is complete. 

The Sandford Group serves the communities in and around Ball Ground, GA with comprehensive insurance services. Contact us today to discuss your classic car and see if we can provide you with coverage that is exactly what you need for your situation. 

3 Ways to Protect Your Home Business with Commercial Insurance

If you’re planning to run a business from home, keep in mind that home insurance has limitations in the business protection it provides. In fact, you’d do well to consider protecting your home enterprise with commercial insurance. A commercial policy from The Sanford Group will ensure your home business in Ball Ground, GA has the essential protection it needs to grow and prosper. Here are a few ways you can protect your fledgling enterprise with commercial coverage.

Property Coverage

Your home office, like the rest of your home, is prone to risks like theft, vandalism, and disaster damage. If an unforeseen disaster such as fire breaks out in your home and destroys your business equipment, commercial property insurance can help compensate you for your loss. Property insurance covers such equipment as computers, printers, scanners, office furniture, etc., along with any inventory you may have stored in your home. This protection can save you thousands of dollars in replacing this equipment on your own.

Liability Coverage

If someone is injured in an accident while visiting your home for business purposes, you could be held liable for their medical costs. A serious accident could put you at risk of a lawsuit. General liability insurance protects your business from third-party claims and lawsuits, safeguarding your business revenue against loss.  This enables you to continue investing in your company to help it grow.

Business Interruption

A major disaster in your home could bring your home business to a standstill, putting you at risk of losing customers and valuable revenue. Business interruption coverage compensates you for lost revenue, payroll (if you have employees), taxes, and other operating expenses to help your business recuperate from a major disaster.

To learn more about commercial coverage for your Ball Ground, GA home business, call or visit The Sanford Group today.

3 Reasons to Upgrade Your Life Insurance in Ball Ground

If you already have life insurance, it’s because you wanted to take care of the people in your life just in case something happened to you. It’s a responsible choice that not everyone gets credit for until a tragedy occurs. But if you live in Ball Ground, GA, it may be time to consider the reasons why people choose to upgrade their coverage. The most surprising part about upgrading is that sometimes people will do it as much for themselves as for their loved ones. The Sanford Group wants you to know more. 

You Want Extended Coverage 

Some people will choose a life insurance policy with an expiration date attached to it. That is, the policy will expire when a child turns 18 or 21 and the policy cannot be invoked after that particular date. However, it’s not unusual for a policyholder to decide that they would rather have more unlimited coverage for their loved ones, regardless of how old they are. Or they may take on a spouse later in life and choose to purchase permanent insurance for them. 

You Want a Safety Net 

The right insurance policy can be used as a savings account if times get tough. Plenty of seniors will withdraw from their policies during retirement if they need to. To learn more about the conditions of these policies, you can speak with an insurance agent who will tell you everything you need to know. 

You Want a Better Insurance Partner 

Sometimes insurance can be upgraded just by finding a better insurer. If you’re in Ball Ground, GA and want to understand more about life insurance upgrades, give The Sanford Group a call today to talk to someone who can give you the facts. 

What type of life insurance should I get?

People that are in the Ball Ground, GA area need to evaluate their insurance needs from time to time. When someone is looking to improve their personal insurance coverage, one type of coverage to consider is life insurance. Those that are looking to get life insurance will find that there are many options to consider. It is important to consider the benefits of both whole and term life insurance to figure out what form of insurance you should get. 

Whole Life Benefits

One common form of life insurance to consider is whole life insurance. With this form of insurance, you will get coverage for the rest of your life under the same policy. While the premium payments can be a lot higher than a term life option, it is also a good investment alternative. Over time, your premium payments will build up and you will have a sizable value in your life insurance account that can be liquidated. 

Term Life Benefits

With a term life insurance policy, you will receive a certain level of coverage for a specific period of time. Normally, the coverage will last for a term ranging from ten to thirty years, although other more flexible options are often available. While it does not provide the same investment benefits as whole life, the insurance premium payments compared to the coverage level you receive is far less. 

Choosing the right life insurance policy in the Ball Ground, GA area can seem complicated. If you are looking to get insurance in this area, you should reach out to the team at The Sanford Group. When you contact The Sanford Group, they will be able to evaluate your situation, needs, and budget to find a policy option that is right for your situation. 

Three professions where commercial insurance is important to have

Commercial insurance is always a good thing for any business owner to have. However, it’s especially important in certain professions. At The Sanford Group, we offer commercial insurance in Ball Ground, GA to those working in a wide variety of professions.

The following are three professions where commercial insurance is important to have. 

Doctors

Doctors in any specialty and working at any type of health care institution could be subject to a malpractice lawsuit. These lawsuits can be very costly. In fact, a malpractice lawsuit can even destroy a doctor’s career if he or she is not carrying adequate malpractice insurance.

A lot of healthcare establishments require doctors working for them to carry professional liability insurance. Almost every doctor practicing in the US carries some type of malpractice insurance to protect themselves against potential lawsuits. 

Attorneys

Another profession where professional liability insurance is important is for attorneys. If an attorney has professional liability insurance, it will give him or her greater confidence to take on cases. It will also give clients greater confidence in hiring a lawyer. 

Attorneys can be accused of malpractice just like doctors can. If they are accused of malpractice, they may need to pay hefty settlements to put the issue behind them. This is why professional liability insurance is so important for attorneys. 

Contractors

Insurance is important for contractors because accidents on construction sites can be extremely costly. While most contractors will carry a bond to protect themselves financially, some also carry liability insurance for added protection. 

If you’d like to learn more about the commercial insurance demands of your profession, get in touch with us at The Sanford Group. We offer commercial insurance policies to businesses in Ball Ground, GA. 

Borrowing Against a Life Insurance Policy

There is something that every young adult can do that will help them out later in life when they get older. They can get a life insurance policy that builds up cash value over time. If you think life insurance is only protection that helps other people after you are dead, you are wrong. Consider getting whole life insurance that builds cash value the longer you own it. Talk over the options with your agent at The Sanford Group, serving Ball Ground, GA and the surrounding area.

Building Cash Value

Life insurance with increasing cash value over time is like a treasure you build up for yourself. It can be very helpful to have this when you need it. You can borrow against the cash value at a very low-interest rate. There is no credit check and the paperwork is very simple because you have the cash value as collateral. 

By borrowing on the policy, you do not disturb the life insurance coverage, which continues. Also, the money you get is a loan and not income so it is tax-free. If you make a simple plan to get life insurance and have the premiums automatically paid, you can buy it and forget about it. Then, it will do its thing over time and be there if you need it. 

Benefit from the Incremental Process

Have you ever watched ants? They are tiny, yet strong. They can move a gigantic piece of something by breaking it down into tiny pieces and then marching along in a line one-by-one until the whole thing is moved. Put a big pile of sugar and watch them go to work. Go away for a while and when you come back it all will be gone. This is the incremental process.

The same thing happens when you buy life insurance that builds cash value, especially if you are a young adult. It slowly, but incrementally, builds up cash value, which is like having a secret pile of sugar to enjoy.

Contact your agent at The Sanford Group in Ball Ground, GA to get a quote for life insurance and start putting the incremental process to work for your benefit.

Four questions to ask before you purchase commercial insurance

Commercial insurance is essential for business owners because it protects their livelihood.

It’s important that business owners put adequate research into selecting a commercial insurance policy. At The Sanford Group, we’re here to answer any questions that Ball Ground, GA business owners have regarding their commercial insurance. 

The following are four important questions to ask when you’re looking for the right commercial insurance coverage for your company’s needs: 

Which types of commercial insurance does my company need?

There are numerous types of commercial insurance to consider. These include commercial vehicle insurance, general liability insurance, professional liability insurance, and worker’s compensation insurance.

You should know what all the various types of commercial insurance are and determine which you need for your company.   

How much are my company’s assets worth?

Once you figure out which types of insurance you need, you also need to put thought into what your coverage limits should be. When determining your coverage limits, you should evaluate your company’s worth.

Ideally, you’ll want your commercial insurance to be able to compensate you for the entire value of all your company’s assets. This way, you’re not at risk of losing your company’s assets in the event of a severe accident. 

What are the coverage limits available to me?

You need to evaluate available coverage limits and the associated premium costs of selecting them for your policy. To determine the best coverage limits, you should figure out what your company’s possible liabilities are and how much your company could face in terms of expenses in the event of an accident. 

How much will coverage cost?

You need to factor the costs of your commercial insurance into your company’s budget. Make sure that your premiums will be affordable to your company and won’t cut into your company’s bottom line too much. 

If you’d like to discuss the available commercial insurance policies we have at The Sanford Group, get in touch with us. We’re happy to provide commercial insurance to Ball Ground, GA business owners.