When you have a family and your loved ones depend on you for support, you probably should purchase life insurance. In case something happens to you, your family will have enough money so they can maintain the same lifestyle as when you were alive. Term life insurance may be the most affordable type of insurance.
Term life can pay the mortgage on your home in Wayzata, Minnesota so your family will not have to sell the house and move. It can help make sure that your young children will have the money necessary to go to college.
It is always easier and less expensive to purchase term insurance when you are young and in good health. Like all life insurance, the premium you pay for term is based on your life expectancy. As the name implies, a term life policy covers you for a set length of time. If you should die within that time period, your beneficiaries will receive the face value of the policy.
If you are 20 and in good health, the chances of you passing away in the next twenty years are very small. On the other hand, if you are 60 and have emphysema, your life expectancy may be far less than twenty years. Your age will affect the premium you pay as well as your ability to get coverage. In addition, if you are able to get a term policy, both the term and the amount of coverage you can buy may be limited.
At Pizano Insurance, our goal is to help our clients get the coverage they need at a price they can afford. Call us and an independent agent will be happy to sit down and talk with you about term life and the other options you may want to consider for your life insurance needs.
A medical diagnosis is always a concern, especially if your doctor determines that you have a terminal illness and you have a limited amount of time left. Even though you may have a terminal illness, some insurers may be willing to offer a life insurance policy in Albertville, Minnesota.
Determine the Amount Required
Before you start looking for a policy, identify the amount of coverage that you want. Keep in mind that you may not be able to obtain a large amount on your policy because the risk of death is very high. That means you may want to focus on obtaining only enough coverage to pay off any lingering debts and your funeral expenses.
Insurers may offer a variety of policies and plans, so the best option for your goals and concerns may vary. If you want a large policy, then you may need to pay a high up-front premium.
Compare Your Options
In general, a term-life policy may not be an appropriate option after you are diagnosed with a terminal illness. You may be refused coverage or you may discover that the premium is too high due to the risk of death.
A guaranteed-life policy may be an appropriate solution because the insurer promises to provide some coverage. The amount of coverage that may be offered by the company can vary, but it may be possible to qualify for coverage through a guaranteed policy. Compare your options to get the best rates based on your situation.
Being diagnosed with an illness is stressful and worrisome, but that does not mean you have no options available. Contact Pizano Insurance to speak to an independent agent for more information about the policy options that may be appropriate for your concerns.
A natural disaster is a problem that impacts the lives of every individual within a particular area. As a business owner, you want a commercial insurance policy that will protect your company assets when a natural disaster strikes in Wayzata, Minnesota.
Type of Disaster
Depending on the situation, insurers may or may not offer protection against the disaster. In general, a basic policy will not provide protection against natural disasters unless you purchase additional protection.
A basic commercial policy protects against common threats, such as fires and vandalism. It may not protect against flooding, tornados, earthquakes or similar disasters. That is why it may be necessary to purchase additional protection for your business when you are worried about disasters that may take place in the local area. Keep in mind that the coverage may or may not be available through your current insurer.
The only way to determine if you are already covered and how much coverage is available is by reading your current policy. Depending on the current plan and the details of your contract, the situations that are covered may vary.
Pay particular attention to the clauses and exceptions that may apply to your account. In some cases you may be covered for the damages. In other situations, you may not be covered due to an exception or a clause that prevents you from making a claim.
Natural disasters are not usually covered in a basic commercial insurance plan because the risk is impossible to predict. Even though certain disasters may not be covered, some insurers do offer additional protection and optional policies that can help. Contact Pizano Insurance to talk to an independent agent for more information about policies that may protect against natural disasters.
When you obtain a commercial insurance policy for your company, the cost of your premium may make you uncomfortable. Even though premiums are based on the coverage that you purchase, it may be possible to reduce the rate in Albertville, Minnesota.
Identify Promotions and Discounts
Insurance companies often offer discounted rates and promotions that can help reduce the amount that you pay. The exact promotions and reductions that are available may vary between insurance providers, so it is important to consider the company before you try to apply a discount to your account.
If you are not sure about the promotions that may apply to your business, then contact a representative of your current insurance company and ask about discounts and promotions that are currently available. Keep in mind that promotions and discounts can change over time, so the specific reductions can vary.
Take Steps to Reduce Risks
Many insurers offer reductions on your premium if you take measures to reduce the risks associated with your company. Depending on the type of business that you have created, the safety measures that are appropriate may vary. For example, you may put in a security system to get a reduction in some businesses, but it may not be the best way to reduce your rate if your company does not sell any products.
By taking steps to reduce your risk, your business will not have as many concerns associated with the coverage. It may be possible to lower your rate or you may be offered a lower rate in the future.
Finding the right policy for your business can seem complicated, especially if you have a limited budget. Contact Pizano Insurance to talk to an independent agent for more information about reductions on commercial insurance.