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.  

You expect your business to be safe, but sometimes accidents just happen no matter how careful you are or how well you train your employees. Since your employees are your greatest asset, you want to do everything you can to take care of them. Workers’ Compensation Insurance helps make sure that when your employees are injured, their bills can be taken care of. When choosing an insurance policy in JC Demo Insurance Group, serving Matthews, NC, it is important to find out the requirements for your business.

Workers’ Compensation Insurance is Required in North Carolina

Any business in North Carolina with three or more employees is required to carry Workers’ Compensation Insurance, even if the workers are minors or undocumented workers. Even if the business has fewer than three employees, there is still a requirement to carry Workers’ Compensation Insurance if any of the employees’ work involves the use of radiation, or is in the presence of radiation.

Exceptions

There are several exceptions to the requirement for carrying insurance:   

1. If the business has fewer than three employees, there is no insurance requirement.
2. Domestic help and household servants are exempt.
3. Agricultural employers are exempt unless they have 10 or more non-seasonal agricultural workers.
4. Corporate officers must be included in the employee count, but do not have to be covered.
5. Sole proprietors, LLC members and partners are not automatically counted, but may choose to be so.
6. Even some truckers must be covered now, although they are considered independent contractors.

Most businesses will need to carry Workers’ Compensation Insurance. Failure to do so could result in fines or even criminal charges. You can explore your options by contacting the JC Demo Insurance Group serving Matthews, NC today.

Life insurance is something that many people in younger generations rarely think about but it may be time to start looking into it. While many people look into it later in life, there are benefits to getting it when you are younger. These are just a few of those benefits from JC Demo Insurance Group serving Matthews, NC.

1. Life insurance is cheaper the earlier you get it. When you think about getting life insurance when you are younger, you can get a lower price for life insurance. Because you are younger, many people are in better health and if you can lock in those rates now, you will save money in the long run. 
2. If you have children, you need to have life insurance. When you have children, you need to think about how you would ensure they are taken care of in the case that you are no longer here. Life insurance is a great thing that can do that for you. No matter your age, with children, life insurance should be something you invest in.
3. If you have debt, then life insurance is a good way to ensure that those bills do not become a burden on your family members if you were no longer here. Student loans are becoming more and more prevalent among younger generations making life insurance, at least enough to cover your debts, a good idea.

Life insurance, as you can see, can be a good idea for many people that are younger. It is not something that is limited to people that are older. If you think that you would benefit from a life insurance policy, now is the time to get one so you can get a lower rate. Contact JC Demo Insurance Group serving Matthews, NC.

What is the difference between a small business and large one? The size of the sales and customer base. But the leap to the next level in Matthews, NC or elsewhere doesn’t happen with lots of little sales. According to the JC Demo Insurance Group, it happens with contracts and graduating into the business-to-business world. However, while companies are always looking for subcontractors and vendors that improve their situation, they are not keen on taking partnering with a business that can’t protect itself. That’s where commercial insurance makes the difference.

When companies are looking for smaller supporters and vendors, they will oftentimes put in a requirement that such vendors have to show proof of insurance to take are of themselves if a contingency occurs. Those smaller businesses that can’t meet the requirement end up out in the cold. Those who do oftentimes win the kind of accounts and clients that help them grow to the next level.

So the relationship between insurance coverage and winning new business is clear. It literally opens up doors for a small business to expand its markets into new arenas and potential.

The JC Demo Insurance Group has multiple clients in Matthews, NC who have relied on their policies to meet the minimum requirements necessary for moving to the next level in business growth. They can help a new business craft exactly the type of coverage often required or needed, ensuring a small business has what it needs to not be eliminated unnecessarily from opportunities. Call them, visit their website or email to find out more valuable business growth information today.

Many in the millennial generation do not think they need life insurance but in reality, it is possibly the best time to purchase your life insurance policy. Whether you think that you do not need it because you are in perfect health or because you are too young to need it, it is time to reconsider and change your way of thinking. To help you better understand, take a look at these reasons from JC Demo Insurance Group serving Matthews, NC. 

• It is less expensive now. The younger you are, the less you will pay for life insurance. If you wait until you are older, you will risk paying more. It makes more sense to lock in a lower rate now and you should look for a policy that offers a rate lock. 
• You have a lot of debt. It is no surprise that you likely have debt whether it is in the form of credit card debt or student loan debt. Either way, you do not want to stick that debt on one of your loved ones so getting a life insurance policy helps take care of that for you. 
• You may have children. If you have children, then you should consider getting a life insurance policy that will help you take care of your children even after you are gone. 
• You can have built-in savings. There are some policies that offer investment vehicles and ways for your insurance policy to grow over time. Since you are younger, you will have more time for it to grow and become another nest egg for you. 

Now that you know the benefits of having life insurance now, you should contact JC Demo Insurance Group serving Matthews, NC to get your quotes and start the process of applying. 

Insuring your business is a critical component of a comprehensive business plan.  

In a partnership, there are a lot of factors to consider when determining how the commercial insurance will be handled. Among those below are the two major items to be considered:

• What are the Tasks of Each Partner? – Depending upon the nature of the business some partners decide that if a partner is bringing certain insurable skills and the other is bringing other skills that each respective partner will insure for the liability that may be incurred for that skill. For example in the case of a limousine business, one partner may have the fleet and drive passengers for the parties and other events, while the other partner in the business handles the information technology and promotional side of the business. These partners may decide to have the driver which would incur the most liability take care of the commercial insurance.    
• At What Level Is the Partnership?  – If this is a newly entered partnership, the partners may decide to let the partnership develop further before combining or taking out the commercial insurance. Oftentimes, partners come together because one person fills a complimentary need of the other partner. Getting a clearer look at this can occur in developing the business plan. For the most comprehensive protection deciding how the company will be insured should be designed during this process.  

The insurance agents at JC Demo Insurance Group would like to continue the discussion. Serving the Matthews, NC and surrounding areas, we can advise on the best types of coverage to ensure your business is properly protected against liability. Stop in today to learn how a commercial insurance policy can be specifically tailored to meet the needs of your business.