Life insurance coverage needs to consider the stage of the life of a person. Insurance needs will be different when a person is younger, unmarried, and just starting out, when compared to an older person with a family, or an elderly adult when all their children have grown. There are many different kinds of life insurance that can be used for protection and to build long-term value. Ask your agent at JC Demo Insurance Group in Matthews, NC to explain the various options that include: 

• Whole Life – This type of life insurance is an investment. Over time it builds cash-value.
• Term Life – This type of life insurance protects those loved ones left behind when someone dies.
• Universal Life – This is a kind of hybrid between whole life and term life. Ask your agent for the specifics.
• Mortgage Term Life – This is a special kind of life insurance that pays off the mortgage on a home if the insured person dies.

It is important to  note that there are options for coverage that can combine life insurance with disability insurance to give benefits to a person who becomes permanently disabled and does not die. 

Early Years

It is a natural thing for young people to think that they will live for a long time and therefore have no need for life insurance. However, the really smart ones see the low rates for life insurance when they are young as an investment that will help them in the future. 

Family Years

It almost goes without saying that life insurance is a critical component for protection of those that have a family.

Sunset Years

Life insurance needs may diminish as people get older because their children have life insurance of their own and they no longer rely on their parents. Some policies that have built cash value can be used for retirement funds.

The best thing to do is to develop a long-standing relationship with your agent at JC Demo Insurance Group serving Matthews, NC and the surrounding areas. Your agent can give you advice about how to plan for your life insurance needs for the different stages of life.

Owning a business is a dream for many people. When you do own a business, there are many decisions that you will have to make, one of which is picking the right type of insurance. For those that are in the Matthews, NC area, one type of insurance that may be needed for a small business owner is commercial insurance. There are several types of people that will need to have commercial insurance in particular.  

Those that Own Real Estate

The first type of business owner that will need to have commercial insurance is one that owns real estate. If you own a commercial real estate property, even if it is leased to a different business, you will need to have a commercial insurance policy. This will be able to provide you with commercial property insurance too repair or replace the property in the event it is damaged.

Those with Liability Potential

If your business has the potential to be found liable for an injury to another party, then you definitely need commercial insurance. A commercial insurance policy will typically provide you with liability insurance as well. This is especially important if you are in an industry that produces food or other consumer products, all of which have some potential to cause harm.

Employers

If your business is large enough to have employees, then you definitely need commercial insurance for workers compensation. Workers compensation will provide you with insurance in the event your employee is injured while they’re at work.

For those that are in the Matthews, NC area and are confused about their commercial insurance needs, reaching out to JC Demo Insurance Group would be a great option. The JC Demo Insurance Group can help anyone to better assess and determine their commercial insurance needs and can even provide a free quote for the right policy.