Month: April 2024

I am almost seventy. Is life insurance a good investment at my age?

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Life insurance is a good way to cover end-of-life expenses and other big expenses that could become a financial burden if and when you pass away. You have options when it comes to the type of life insurance you invest in and the benefits that come with it. One of our licensed insurance agents at Jason Ridley Agency can help Colleyville, TX residents understand and explore their coverage options.

What is life insurance?

Life insurance is designed to cover the insured person’s life expenses and more, should they pass away. Many people would be left with the financial burden of paying for a burial as well as their deceased loved ones’ bills if they were to pass away. Life insurance can eliminate this burden. The insured person names beneficiaries and pays a monthly fee to maintain their coverage. You can purchase life insurance for some time or your entire life. However, when you pass away, your beneficiaries receive an agreed-upon lump sum, which can be used any way the beneficiaries see fit. This could include funeral costs, mortgages, daily bills, loans, and much more.

I am almost seventy. Is life insurance a good investment at my age?

Life insurance is an excellent financial investment at any age. However, many life insurance companies may hesitate to insure people above a certain age. Also, the cost may be higher, and the terms may differ if a life insurance company provides you with a policy. However, if you’re able to get a life insurance policy at an advanced age, the financial benefits will make it easier for your loved ones to pay for your burial and take care of any bills you may leave behind. If you have questions about life insurance, call us. We’d be happy to explore your options. 

I have a small online business. Do I really need umbrella insurance?

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Business owners have many things to consider when protecting their assets and maintaining their businesses. Fortunately, it’s possible to invest in an insurance policy that covers the important areas of your business. However, sometimes a primary insurance policy isn’t enough. Business owners can include another level of protection if needed. Determining if another layer of protection would be a wise investment may be challenging. Our team at All-Tex Insurance is committed to helping Granbury, TX business owners understand all the insurance options available to them.

What is umbrella insurance?

Umbrella insurance is backup or secondary insurance. In other words, if you have a covered event that exceeds the maximum limits of your insurance policy, umbrella insurance will cover anything that exceeds the maximum limits of your primary policy. In some situations, umbrella insurance can act as primary insurance if you have a covered event that is not included in your primary insurance policy. 

I have a small online business. Do I need umbrella insurance?

Umbrella insurance can be helpful if you feel your business could be liable for a claim beyond your liability limits. Umbrella insurance would cover anything that exceeds your primary limits as long as it’s considered a covered event. If you have a business where customer interaction is frequent, umbrella insurance may be a reasonable consideration. However, there may be other factors that would make an umbrella insurance policy a good investment as well. Even if you run an online business, you may still have assets to protect and other business issues that would benefit from umbrella insurance. If you have questions about umbrella insurance, call us. We’d be happy to help.