Different Kinds of Life Insurance Policies

Protecting your family after you have passed on is important. The final expenses for funeral services, medical bills and burial or cremation requirements are often tens of thousands of dollars (if not more). Beyond this, providing financial assistance to family members who may no longer have the primary bread winner in the house is another important factor, which is why opting in for life insurance is a must. Now, there are different kinds of life insurance policies out there, which is why finding the right policy for you and your family is essential. Whether living in Harrisburg, PA or surrounding area, Henderson Insurance Agency can help you understand the different forms of insurance. 

Level Term Insurance

When you look at the various kinds of life insurance, it can be broken down into two different basic insurance policies. While there are some variables at play within each of the insurance policies, these two are as different from one another as possible. The first is level term insurance. A level term life insurance policy is when the policy death benefits remain the same, throughout the length of the policy. 

More often than not, most insurance policies are sold as level insurance. 

Decreasing Term

With a decreasing term life insurance policy, the value of the death benefits drops slightly every year, often on yearly increments (although this can be more stagnated as well). Someone would often opt for this kind of insurance if they have a serious health condition and are not expected to live long, yet other forms of insurance are not available. 

Whole Life Insurance

Both terms of life insurance fit into the "Whole Life" or "Permanent" life insurance policy. This means that, no matter how long someone lives, they do receive their benefits (even if, as in the decreasing term life insurance, it does begin to drop in value). 

3 Common Disasters and How to Prepare Your Home

Owning a home can be very freeing—but it also comes with the fear that disaster is lurking right around the corner. Thankfully, there are a few steps you can take to help keep catastrophe to a minimum. Here are three common household disasters and what you can do to prevent them.

Fire

One of the most common disasters homeowner’s face is fire. Whether it is an electrical problem, appliance malfunction, or even a cooking incident, a house fire can be absolutely devastating. Help keep a small incident from turning into something catastrophic by always being fire aware. Have a working fire extinguisher and smoke detectors available at all times. Keep open flames, such as candles, away from materials that can ignite.

Storms

Storms are another common disaster that can cause huge issues for your home. High winds can knock down trees and cause roof damage. Heavy rains can expose drainage issues that lead to flooding. The best way to prepare your property for these types of storm incidents is by looking around regularly. Trim back any trees that may cause an issue and make sure all downspouts are flowing properly.

Freezing Temperatures

Here in Pennsylvania, freezing temperatures can really wreak havoc on your home if you aren’t prepared. In order to keep damage from happening during the cold season, make sure you take precautions to prevent pipes from freezing. Try to eliminate ice dams from forming on the roof and in any gutters. And also follow any recommended guidelines for sealing doors and windows.

Unfortunately, sometimes planning doesn’t always save your home from a disaster. In this case, it is important to have adequate property insurance coverage beforehand. Our team at Henderson Insurance Agency is proud to help our clients find the exact policy to suit their needs. Please contact us today for more information or your no-obligation homeowner’s insurance quote.