Common reasons why everyone needs life insurance

A reality of aging and changing responsibilities is the need to plan for the future. Much like writing a will or transferring property to family members, life insurance has become an important part of end of life planning, which is just as important as any traditional legal documentation that handles property and assets after death. Life insurance is also a good idea for those who are younger and may be concerned about protecting their families in the event of an emergency. Here are some common uses of life insurance. 

1. The amounts needed for proper coverage may be significant. The amounts needed to provide adequate life insurance may be several times a worker’s annual salary, which most other forms of coverage do not allow. To reach this amount, life insurance is often a better option than relying on means such as savings and investments.

2. It gets more expensive as you age. Those who wait until they are into their fifth decade or later before purchasing coverage for their first time may find that the rates are way beyond what they would have paid by getting rates just ten or fifteen years earlier.   

3. For family protection. Having one spouse or family members who are suddenly responsible for your mortgage and children can be a much larger financial burden than expected. Expenses are likely to be very high during this transition period, and not having life insurance can cause severe disruptions.  

Bob Korvas Agency Inc. serving Niles, IL has extensive experience with life insurance and can discuss these issues with you further. For those who live in Niles, IL and the surrounding areas, Bob Korvas Agency Inc. is the best option to provide you with assistance and local knowledge of state insurance laws.  

Protect Your Business With Commercial Insurance

You have put all kinds of time, energy, and money into your business. It isn’t just your personal livelihood but that of all your employees. Due to this, should anything happen to it you and all your workers might be completely out of work, not to mention you can be out of a sizable investment. If you run your business in or around Niles, IL, it is important to protect your business with commercial insurance. Bob Korvas Agency Inc. can help you find the right coverage for your professional needs. 

Damage To Your Property

Even if you rent out the property itself the valuables inside the business are not protected by the owner’s insurance. So whether you have valuables machines inside the storefront or merchandise was stolen or damaged, you can protect yourself from unnecessary expenses with the help of commercial insurance. 

Worker’s Compensation

If someone is injured while at work it is your responsibility to help pay for the medical bills and other expenses (as long as they were injured doing their regular work and not from a non-work related issue). Worker’s compensation will help you pay for this. You shouldn’t have to pay for the medical bills out of pocket, as this will become expensive. Worker’s compensation is there to help you and your workers every step of the way. 

The right commercial insurance will protect your business in any number of ways. It will help pay for worker’s compensation while also giving you money if your business is robbed, broken into or damaged in any way. You’ve put all kinds of money, time, and energy into your business. You also need to protect it. If your business is is or around Niles, IL, the Bob Korvas Agency Inc. is here to help.