Life insurance is an important part of your family’s fiscal security. In the event of the untimely death of a spouse, the family would be protected. Many Americans do not have adequate insurance. A study conducted by the National Association of Insurance Commissioners discovered that less than half of families have life insurance. Those that did have coverage had a policy that would only provide funds to cover approximately three years. The team at Henderson Insurance Agency, serving the Harrisburg, PA area, know that your family is important to you. They can help you decide the type of coverage you need.
There are several different types of insurance plans. Term life insurance provides coverage for a year or more if you were to die during that period. Also, most policies can be renewed for additional time periods even if your health declines. While they may be renewed for multiple years, the premiums may increase as you age. It may be possible to convert the policy to a whole life policy after a period of time. Even so, the premiums may still be higher than a term insurance policy.
A whole life insurance policy will protect you throughout your entire life. The premiums will be higher than a term life policy but they will remain consistent throughout your life. Over time, this can mean sizable savings for you family. In some cases, policies only require premium payments for a period of 20 years or the age 65. Whole life policies develop a cash value over time. This allow you to borrow against the policy if you need to.
When you start thinking about life insurance, visit the Henderson Insurance Agency. Our team serves families in the Harrisburg, PA area.
Plan for the Best, Be Ready for the Worst
Small business owners are an enterprising group of people who develop their business plan with success in mind. They know commercial insurance is a necessity, but with so many levels and options, it is one area where they will often try to cut costs. Our team at Henderson Insurance Agency in Harrisburg, PA can sit down and help you determine the best coverage that will protect you in the event your worst-case scenario plays out. Proper commercial coverage can be the difference in staying afloat or sinking.
Big business is often way ahead of the game concerning commercial insurance coverage. They have the resources to pay top-dollar for the broadest range of coverage. Part of the reason they are so well-prepared is the fact they often have a team of experienced agents in their corner to make sure all of the details are nailed down. Regardless of the size of your business, protecting it should be a priority, not an afterthought.
Commercial Property Insurance
Knowing how much the tangible assets are worth is important for insurance purposes. Commercial property insurance can protect you from property damage and theft. It is possible you have enough sitting in savings to cover the cost of repair, but do you really want to pay out of pocket? Fire or natural disasters can result in a decimation of inventory or property. Proper commercial coverage can get you back on your feet again.
Commercial Liability Insurance
Liability insurance covers the human side of your business. Unexpected accidents or injuries can set you back if you do not have sufficient coverage. Things like falls or damage to someone’s property while they are at your place of business can have devastating effects on your business without adequate commercial liability coverage. The agents at Henderson Insurance Agency can help you determine the type of commercial insurance that will keep your Harrisburg, PA business covered in the event of the unexpected.