Are You Too Young For Life Insurance?

Just because you’re only in your 20s, 30s, or even 40s, you may think life insurance is an unnecessary expense. This is especially the case if you don’t have any health issues. However, you could be leaving your family with the burden of your final expenses as well as without an income if you don’t have life insurance. At Bob Korvas Agency Inc. we help the Niles, IL area assess their need for a life insurance policy to meet their needs, no matter their age or risk.

Having a Family

Even if you’re only in your 20s and only have one child, you may want to consider life insurance. This is especially the case if your family relies on you for income. You could leave your family with no way to pay the bills if you don’t have insurance. 

Have Enough Money for Burial

It doesn’t matter whether you have children or not. If you don’t have enough money in the bank to cover your final expenses, your next of kin receive the burden of the expenses. If you don’t have an adequate amount of savings and your family doesn’t either, you could leave someone with the stress of having to find a way to cover all the expenses. Just imagine how this person would feel if he or she couldn’t find enough money to have you buried or cremated. 

Accidents Happen 

You have no idea what the future holds. While you may not have any health problems today, you could develop cancer at any age. You could be driving on your way to work and get into a fatal automobile accident. In these cases, you may not be prepared financially for your final expenses. 

Contact Bob Korvas Agency Inc. for a life insurance quote today. We serve Niles, IL and the surrounding area and are available.

Does Your Commercial Insurance Policy Reflect the Current Value of Your Business?

Commercial insurance policies need to be reviewed on a regular basis, but unfortunately, this task is one that often slips through the cracks. When you start your business and reviewed your assets with your insurance provider your coverage was likely determined at that value level. As your business has grown, it has likely increased in value. Now is a good time to make sure that your insurance coverage has kept pace with the value of your business. The team at Bob Korvas Agency Inc. can work with you to review your current coverage and ensure that it is at the appropriate level to protect your Niles, IL area business. 

Commercial insurance needs change with time

The level of insurance that may have been appropriate a year or two ago may not be the right amount of coverage to meet your current needs. As your business grows, it is important to make sure that your insurance coverage grows with it. Whether you need more or less coverage, a regular review of your commercial insurance policy is a good idea. Equipment that depreciates will change the valuation of your business but the cost of replacement may not be accurately reflected in your coverage. The same holds true for fluctuations in property and land that are not always considered when determining the correct level of insurance coverage. Anyone is concerned about protecting their business as well as their own personal assets owes it to themselves to make sure that their policy provides sufficient commercial coverage.

Are you ready to review your comprehensive commercial policy to make sure that it provides the level of protection necessary to protect your Niles, IL area business? Contact the helpful team at Bob Korvas Agency Inc.