Life Insurance: What Are My Options?

Throughout Arizona, there are mountains, deserts, and major metropolitan cities. Many people choose to retire within the state because of the various incentives offered by the government. A number of top employers have headquarters here and it is a prime location for real estate.

When you want to protect your family and option a life insurance policy, it’s important to know about your options. The most common options you will find on the market include:

– Term

– Whole

– Universal

There is a difference within each of these and they all have their pros and cons.

Term is considered the basic form of life insurance and is the most common. It is based upon purchasing a policy for a specific term, such as 20 years. Essentially, it means you are covered during these 20 years. If you are still alive beyond those 20 years, the policy dissolves and you no longer have coverage. There is also no cash value associated with this kind of policy.

If you want something in Arizona that is going to protect you for your entire life, then you need to look at whole or universal life insurance. These both have cash values associated with them and will provide a benefit to your family regardless of when your time comes. The main difference between these is that universal life is tethered to interest rates and can be a little more flexible with the payment schedule.

Having a policy is one of the most important ways to protect you and your family for life. We have agents to help answer your questions and determine which will be the best option for you. We can establish the best cash benefit and then begin getting quotes from the different companies as well.

Call us today for more information!

Why A Fire May Just Be the Start of Your Problems

According to the National Fire Protection Association, there were 1.2 million reported fires in the U.S. in 2013. These fires caused over 3,200 deaths, almost 16,000 injuries and a whopping $11.5 million in damages. Many of us never experience a fire in our Arizona homes, so we may not recognize how much damage they can cause. Even a small kitchen fire can cause extensive and expensive damage. The reason is that fire doesn’t perform its work solo. The fire may just be the start of your problems. Smoke and soot will also cause damage. That may be followed by water damage.

To understand the extent of the damage possible, imagine a grease fire on your stove. You unsuccessfully attempt to put out the flames with a fire extinguisher and the fire department is called. In those minutes of actual flames, cabinets are burned, the stove is damaged, curtains are burned and smoke and soot begins to travel throughout your home. Once the flames are put out, there is extinguisher residue everywhere in the kitchen. Aided by your home’s ventilation system, smoke and soot has traveled into your closets, damaging your clothes. The smoke and soot has gotten into your furniture, bedding, carpet and on your walls. It doesn’t take long for the damages to add up.

The point is, the time to make sure you have the right coverage and enough coverage is before that first fire. Contact an insurance professional for a homeowners insurance review. When you contact us, you are working with independent agents who can recommend coverage from a variety of companies to help you get the most competitive price. If you like, you can try it yourself right online. Visit our website and request a homeowners or auto insurance comparative quote.

You may not have experienced a house fire in your home, but if you do, you certainly don’t want to be disappointed in your coverage. Contact us today and let’s make sure you are properly covered.