How Life Insurance Helps You While You are Still Alive

Life insurance agents have two stereotypes to overcome. The first is the portrayal of life insurance agents in movies as pushy annoying jerks that want you to buy insurance that you do not need. Those stereotypes are false. The agents at Bob Korvas Agency Inc. serving Niles, IL and the surrounding area, are nice, friendly people. Their main goal is to help you. They do not make you want to run away screaming. That only happens in silly movies.

The other thing that life insurance agents have to deal with is procrastination by their clients about getting adequate life insurance coverage. This happens because there is a false belief by many that life insurance is only worth something after a person dies. Younger people, in general, think they are going to live forever, so the concept of life insurance is something they prefer not to consider. As with all misconceptions, this is not true either.

Life Insurance Benefits While Alive

Life insurance, when organized properly, provides many benefits to a person while they are still alive. Whole life insurance builds cash value that can be used to borrow against in the future. Term life insurance can have a rider that covers permanent disability for a person seriously injured who cannot work. That could be anybody, even a younger person. 

If you happen to get a deadly illness, there are policy choices that allow you to cash out or borrow on the policy, to help pay medical bills. Work with your agent to talk about these things and you will not only have a pleasant experience, but you will also feel more protected. Caring for their clients is what the agents at Bob Korvas Agency are good at doing.

When should you start to have life insurance?

The answer is right now. Just look at how a major global pandemic came out of nowhere. The best time to get life insurance is immediately if you do not already have it. The good news is if you are young then the cost is manageable. If you set the policy up on auto-pay, you will probably not notice it. It will slowly, but very steadily, build up value over time to be ready if you need it.

Summary

Why not go ahead and take the time to call your agent to get a complimentary comprehensive insurance review. It makes good sense and will calm you in times of stress to know you have adequate coverage. To get an insurance review and a quote, contact your agent at Bob Korvas Agency Inc. in Niles, IL.

Three important numbers regarding your commercial insurance policy

Commercial insurance is an essential product that many business owners need to have to protect their company’s finances. If you’re interested in buying commercial insurance in Niles, IL from Bob Korvas Agency Inc. you need to carefully research your options.

In particular, you need to pay attention to the following three important numbers in your commercial insurance policy details. 

The coverage limits on your commercial insurance policy

Coverage limits on your policy are the maximum amount your insurance provider is going to pay out on claims. You need to consider how much your company’s liabilities are.

Ideally, you want to have coverage limits that are high enough to cover any potential accident or damages your company could experience. However, it’s important to understand that the higher your coverage limits are, the more your commercial policy will cost you. 

The amount of your commercial insurance premium

Your commercial insurance premium is the cost of your insurance coverage. You need to crunch the numbers and work your premium costs into your company’s budget. Fortunately, commercial insurance premiums are a business expense that you can write off on your company’s business taxes. 

The deductible amount you must pay before coverage kicks in

Another key number is the amount of your deductible. Your deductible is the amount your company must pay out-of-pocket before the insurance company takes over to pay for claim damages. 

The lower your deductible is, the fewer accidents and damages at your company will cost. However, your premiums will be higher if your deductible is low. 

If you have questions about coverage limits, monthly premiums, or deductibles, let us know. We’re here to help Niles, IL business owners meet their commercial insurance needs at Bob Korvas Agency Inc.