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Five “Creative” Ways To Save On Your Insurance

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It happens on a daily basis.  The reason why most people pick up the phone and call their insurance agency.  The bill came in the mail, a claim hasn’t been filed in several years (or if ever) and it just seems “way too expensive.” 

What’s the answer you commonly get?  “The price is what it is and there’s nothing we can do.”  While that’s SOMETIMES the case, other times your insurance people are doing you an injustice and there are things you can do.  I’m going to put on the cape and be your insurance hero today.  That’s right, I’m going to try and help you save some money.  Let’s get into it:

1: Change the way you pay.
The most cost-effective way to pay your premium is to pay in full.  Typically that’s every 6 months for auto insurance and every 12 months for home insurance.  Paying in full is always going to save you the most in the long run if you can.  Another thing to do is if you pay monthly, pay automatically with a bank account.  Our company waives the monthly service charges if you go on automatic payment.  Also, save those trees and go paperless.  Every time an insurance company sends you a bill, they use paper and postage so if you go paperless a lot of times fees are waived.  Also, paying automatically means you’re less likely to cancel due to missing a payment so most insurance companies will waive service charges by doing both things, paperless and automatic payments.  Review your statement next time you get it and check those fees.  If you see a $3 to $10 service charge there, call your agent, your company etc and ask about ways to save if you go paperless and/or automatic payment. 

2: Look at your deductibles.
Most people have super low deductibles.  The big one for auto insurance is collision, I’m shocked every time I see people with $100, $250 deductibles on collision.  Having a lower deductible for comprehensive is totally okay because that is a less expensive aspect of your auto policy, but collision is the big one that really moves the needle price wise.  I typically recommend $1000 deductibles because that’s a good middle ground and will save you money long term.  Ask yourself, will you really file a claim for any damage under $1000?  I ask my clients this a lot and when you really think about it, most won’t.  Remember at the end of the day insurance isn’t meant to help for something small that can ruin your day, it’s meant to help you for something big that can ruin your life.  Same with your house, we write most of our policies with $2500 deductibles.  Home claims are more rare and often times major so having a higher deductible will definitely save you money long term.

3: Review those discounts.
Insurance companies are introducing new discounts ALL THE TIME.  Some of the big ones include bundling multiple policies like your auto, home/renters, life insurance, even your toys like motorcycles, boats, ATVs etc.  Having everything in one place just makes it easier too because I’ve found it keeps one more organized.  Ask your agent or company

4: Review the “extra” coverages thrown in.
Review those things that you may not ever use.  For example, rental car reimbursement.  If you have multiple cars can you drop that coverage and just drive another one of your vehicles should something happen?  Take that rental car reimbursement off because you may not even need it.  On the home side, review those because a lot of things are thrown in that you may never use.  Maybe you needed it at one time but you don’t anymore.  Review your coverages periodically to make sure there isn’t anything on there that you don’t need that’s driving up the price.  Medical coverage is a big one, do you really need $10,000 or more if you have good health insurance?  Reduce that and all those things add up and save you overtime.  You never know what you’ll find when you really dive into your policies and look at the fine print.

5: Review the people in the household.
Make sure there aren’t any drivers on your auto insurance that don’t live there anymore.  If your kids don’t live there anymore and they have their own policy, they don’t need to be on your policy anymore.  Did you have a parent, in law, resident relative on your policies because they lived with you for a little while?  Make sure they aren’t on there anymore because that can drive up the price on auto AND home insurance policies. 

Bottom line: call your insurance agent, broker, or company directly and ask for a policy review.  Bring up these five items and have a good thorough conversation.  Your representative should be reaching out regularly to do this, if they aren’t then we’ll gladly do a free review of your current policies for you.  It’s a free service we provide.  So there you go, hopefully you’ll save some money from taking the time to read this and review your policies.  Thank you to our wonderful team and of course thank you to our amazing clients.

Home Warranties

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Believe it or not, your typical homeowners policy doesn’t cover EVERYTHING.  Crazy right?! I’m sure you all can read the sarcasm right now but it’s true.

A tool, or policy if you will, that you can purchase to fill in some gaps in coverage is a home warranty program.  There are several companies out there that sell these. A few of the big ones are American home shield, Fidelity, First American and a ton others.  If you google “home warranty companies” you’ll be able to find a ton and do some research to find what’s right for you. So, what is it and why do I need it?   A home warranty is a service contract designed to repair and/or replace what’s on their program. It all depends on the company and the product you select so do some research but I’ll give you some basic info.  They typically cover appliances, heating and A/C systems, garage door openers, even ice makers. Basically the wear and tear stuff that isn’t covered by your home insurance policy.

So how does it work??

Home warranty is typically come in three packages: appliances, systems and combo plans.  Let’s break these down a little bit.

Appliances: This covers (you guessed it) your appliances!  Stuff like your refrigerator, washer and dryer, your oven, dishwasher etc.  If something happens you typically pay a service fee, kind of like a deductible, to have somebody come out and look at it.  They’ll do a determination to see if it can be repaired or if it needs to be replaced.

Systems: When you think of systems think of the guts of your house.  Stuff like your electrical, plumbing, heating and AC systems and so forth.  Just like the appliances, do you pay a service fee for somebody to come out and take a look at what’s going on and make a determination of what needs to be done.

Combo Plans: these are actually really cool and this is what I personally have.  You have options of all appliances and systems and get to pick and choose what you want covered.  With the program I have, there are 16 choices and you get to pick 10 between appliances and systems.  You also get to pick the service fee amount, higher the service fee means lower the price and vice versa.  Just like an insurance deductible!

There you have it, a basic overview 101 course of what home warranties are and how they work.  Definitely take some time and do some research on your own for companies and pricing that’s right for you.   Also, ask questions and read the fine print. You don’t want any surprises like a non-renewal if you use the home warranty too much.  Just ask my mom, yep, she got non-renewed from her company. I think it’s a good idea to start thinking about something like this as your house gets older.  As your house gets older things start happening and little problems start occurring. A home warranty can definitely come in handy to fill in gaps that your home insurance doesn’t cover.  They’re usually around $500 a year or so depending on the product and company.

Check it out and have some more peace of mind.  Remember we’re always here to help and if something goes wrong… don’t sweat it!  

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Comp vs Collision: What’s the difference?!

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Auto insurance is the item I get asked about the most in my day to day operation.  You hear about auto insurance ALL the time and it seems like it’s the majority of commercials you see on a regular basis.  It’s either auto insurance or food right?  You get car manufacturers too so throw that in there.  My point being that auto insurance is a hot topic and you get a lot of information from carriers and commercials.  There also seems to be a ton of new companies coming out almost daily.  Did you know Tesla just came out with their own auto insurance company??  It’s crazy right?! 

Let’s dive into an aspect of auto insurance a little bit because this is a question I get to a lot.  What are my deductibles and when do I have to pay them?  There are a lot of layers to auto insurance and I break it down to three sections when I talk to clients and prospects.  There is coverage for other people, you and your family, and your car.  You pay a deductible for part 3 only, coverage for your car.  When you hear “liability only” that simply means you aren’t getting coverage for part 3, your car.  That’s typical if your car is older and isn’t worth a whole lot.  I wrote another blog post about auto insurance in general and it explains all three parts, so check that out for more information.  The purpose of this post is to simply break down the differences that you see in part 3, coverage for your car itself.  There are two main components of part 3 and that’s comprehensive and collision coverage.  Let’s dive in!

Let’s start with a hypothetical claim.  Note, this actually did happen and it blew my mind when I got the answer and I’m an insurance professional. 

You’re sitting in your garage and just get home from a long day at work.  You aren’t quite paying attention and shut your garage door.  You hear a loud crash and think to yourself “oh no!”  You shut your garage door on your car and didn’t pull in all the way.  Ah, I better call my insurance company.  Would this claim be a comprehensive, collision, or covered under your homeowners policy?  Ding ding, if you guessed collision then you’re right!  Why though?

COLLISION

Collision coverage is defined as your vehicle colliding with another person or object.  You typically think of you getting into a car accident and having damage after hitting another car, a fence, object etc.  The important thing to note here is that your vehicle doesn’t necessarily have to be in motion.  It can be parked and collided with.  Another great example of this is a shopping cart getting out of control and hitting your car in a parking lot.  That’s a collision technically.  Also a child riding his bike and hitting your car or even a football getting out of control and hitting your car.  All collision according to auto insurance.  Your rate also typically will have a surcharge if it’s considered at fault.  So if you rear end someone for example or hit someone’s fence, a light pole etc.  You can have a not at fault or fault free collision and your rate is typically not affected.  Talk to your carrier about that of course but that’s from my experience.  So this garage door shutting on your car, that’s a collision.  It has a mechanism and technically collided with your vehicle. 

COMPREHENSIVE

Comprehensive coverage is damage to your car other than from a collision.  Some auto policies even show it as “other than collision” coverage.  Vandalism and getting your car stolen are the two big examples of this.  If someone keys your car or maliciously hits it with an object.  That would be considered comprehensive coverage.  Your car being damaged from a falling object is another big example of comprehensive.  A paint can falling down or a ladder falling on your car would be examples of that.  So let’s say your garage door breaks and just falls down on top of your car in the middle of the night.  That’s considered comprehensive in that case.  You don’t get any sort of surcharge or rate increase from comprehensive claims.

What if your house catches on fire and your car is in the garage and burns?  What if you have a flood or hurricane and your car is damaged?  That is considered comprehensive.  Remember, anything auto related is not covered under a home insurance.  It’s covered under your auto insurance so that’s an important distinction too.

You can go nuts with all the different scenarios and distinctions and hypotheticals with things happening to your car.  Is it comp or collision?!  Ah it can drive you crazy and getting into the weeds and fine print of your auto policy is not fun.  The bottom line is you should talk to your carrier, agent, broker etc and ask.  Most of this stuff will be taken on a claims by claims basis depending on the specific thing that happened.  These are the general differences but talk to your professional or give us a call and we can discuss and see.  Cheers and thank you for the love and support!

Remember we’re always here to help!

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When Should I File a Claim?

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Insurance is a funny thing.  I say that as a professional insurance agent too.  It is a thing that brings about a lot of different emotions for people.  I’d say for a majority of people it’s frustrating and can be kind of a big pain in the butt.  Just another bill to pay without seeing any real value in it.  That can especially be the case if you’ve never had something horrible happen to you.  If you’ve never had to use it, it’s easy to see why it can be mainly annoying.  Does that sound familiar

For other people, those who have been through something catastrophic, insurance is something you see real value in.  Especially if the insurance company you use has come through for you.  Someone that has been in a devastating fire or horrific car accident, insurance can bring about a whole different set of emotions.

The bottom line is that insurance is you definitely need, but never want to have to use.  So that brings about another question, when should I use it??  Let’s dive into that question and break it down into home and then auto.

Home Insurance

Your home insurance is designed for big things.  When you have that “oh shit” moment in your house.  It is not designed for the small stuff, like a hole in your wall or a small leak with minimal damage.  The harsh truth is that those small things come with the territory of being a homeowner.  Things creep up and happen over time, especially wear and tear.  You need to be prepared for that.

Insurance is meant for the wall falling.  For the devastating fire that takes out a huge chunk or your entire house.  When you come home from running errands to find your ceiling split open and water and debris cover your entire home (this seriously happened to my in laws).  A good rule of thumb is that insurance is meant for the things that can ruin your life.  It’s not meant for things that can just ruin your day.

Some people have the attitude of “well I pay for my home insurance so I  might as well use it.”  Okay, I get your point and I can definitely understand that mindset.  However, that’s a dangerous attitude to have.  Remember that at the end of the day, insurance is a business.  Insurance companies aren’t non-profits.  They don’t have any sort of obligation to cover your house, your car etc.  You’ve seen those signs on businesses, mainly restaurants, that say “we reserve the right to refuse service to anyone.”  Well, the same holds true with insurance companies.  If you file too many claims in a short period of time, you can bet that they will non-renew you and decide they don’t want your business anymore.  Every company is different, but a good rule of thumb is you start to get looked at pretty closely if you file more than 2 in a 3 year period.  Sometimes things happen and happen often, however at some point an insurance company will say it’s time to cut our losses and move on from this insurer/insured relationship.  Not only that, but it could be really tough to get coverage with another company and it’ll probably be pretty expensive.

So when should I file a claim if it’s bad to use it?  Well, it all comes down to math.  My first recommendation is that if something happens, you need to find out how much it’s going to cost to fix whatever happened.  Get an estimate or call your insurance company to get an adjustor out there to evaluate it.  Next, look at your deductible.  That’s a huge thing to take into consideration too.  Your deductible is basically the amount you pay out of pocket before the insurance kicks in.  Lastly, you want to find out if your insurance is going to go up as a result, and if so by how much.  Contact your agent, or if you’re with a company without an agent, give the 800 number a call and try to get details.  For example, let’s say come home and find some damage in your home.  You get an estimate and it’s going to cost $2000 to fix it.  You have a $1000 deductible so that means you’re going to get $1000 from your insurance company.  Next, you call your insurance company and find out you’re going to have a 25% premium surcharge for 3 years by filing the claim.  To use round numbers, let’s say you’re currently paying $1000 per year.  That means it’ll go up $250 per year for 3 years, which totals $750.  You’d still be coming out ahead by filing the claim, but it’s pretty close.  Could be a judgement call and a conversation to have with your agent/insurance provider.

Auto Insurance

We’ve got home down, let’s take a look at when you should file a car insurance claim.  Statistically, a car claim happens when more frequently and is way more likely than a home insurance claim.  In reality, it actually works the exact same way.  If something happens on the auto insurance side, you want to follow those same three steps.  Get an estimate of damages, consider your deductible, and find out if your rate is going to go up and by how much.

Auto insurance is something you definitely want to talk to your agent and insurance provider about.  There are a few more moving parts.  For example, your rate usually doesn’t go up if it’s something that falls under comprehensive coverage.  That means vandalism, glass, damage from a fire etc.  Basically anything other than from an accident.  Some companies have accident forgiveness, although that’s NOT AVAILABLE FROM ANY COMPANY IN CA.  Ask about that if you aren’t in CA because then yes file that first claim.

In summary, you want to take three steps to figure out if you should file a claim and if it’ll be worth it.

1: Get an estimate for overall damages

2: Consider your deductible

3: Find out if your rates will go up, if so by how much

Remember, insurance is meant for the things that can ruin your life, not ruin your day.

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Making Your Home Invincible

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As I sit here writing this, fall is upon us.  We just had the first official day of fall last week and today there is a slight bite in the air.  We did have some crazy California weather earlier this week and had a major heat wave here in the Bay Area.  It was upper 90s and didn’t seem to cool off even at night.  You know those hot summer nights that are just awful to the point where you can’t sleep?  It was like that at the end of September and officially in fall.  The cooler weather today was beyond welcomed.  Anyway, I’m rambling, my point is that fall is upon us.  It’s also what we fondly call here in CA as wildfire season.  We’ve had horrible wildfires the past several years throughout the entire state.  From Santa Rosa, to Paradise, to Malibu, they seem to get worse each year with no end in sight.  It has insurance companies and state legislators alike scrambling to come up with solutions to try and at least do the best they can to prevent this from happening as badly as it has the past couple of years.  One thing I will say, it’s time to do some fall cleaning and fall maintenance around your house.  My wife Laurel and I have started and I just want to share some tips to keep your home safe.  While this won’t eliminate your chance of getting caught in a wild fire, it’ll at least keep you home on the safer side.

1: Check windows and doors.
Take a lap or two around your house and check out your windows and doors.  Look for anything that may not look secure.  This can be cracks, leaks, chipped paint, anything that can cause air to come in through your window sills and door frames.  Get those sealed up ASAP and it could also help you save on your electricity bill!  That’s an added bonus.

2: Clean Heating and A/C Units
This is something you should do periodically throughout the year.  If you haven’t, now is a great time do it.  Get a professional out to your house and have them inspect and do a thorough cleaning of your heating and A/C units.  This will help you and your family remain safe from anything toxic and it’ll also improve the longestivty of your heating and A/C units.  They’ll also function better, so when you have those horribly hot nights you can sleep peacefully in the comfort of your 65 degree home.

3: Check out the fireplace
As fall comes into full swing and the nights cool off, snuggling up next to the fireplace can be heaven on earth.  Especially on a rainy day with a hot cup of coffee or cocoa and a good book.  Give it a test run and make sure it’s functioning properly, and have it cleaned periodically too.  It’s a controlled fire in your house after all.

4: Clean your water heater
This is something that a lot of people don’t do, and you’d be shocked at how many clients I have call me on a regular basis because of a water heater leak or even worse a water heater bursting.  You can clean your water heater by simply draining it.  It’s easy and now is the good time to do it.

5: The dreaded task- cleaning out the garage
I know I know, it’s the worst chore of them all.  The dreaded cleaning out the garage.  Your spouse nags you about it and what happens?  You put it off and it just gets worse and worse until it becomes an insurmountable mountain of who knows what.  When I used to complain about a huge overwhelming project my dad used to say, how do you eat an elephant?  One bite at a time.  Just knock it out little by little and get that garage organized.  Clutter can be a major fire hazard, especially if you have gas unused lawn equipment in there.  Make sure that is all stored properly because not only can it potentially ruin the equipment, it can be a major hazard.

6: Check that roof (before the Christmas lights go up)
Time seems to fly by faster and faster each year.  Before we know it, winter is going to be here (cue up winter is coming line in best Game of Thrones voice).  In all seriousness, as winter approaches, your roof is exposed to risks.  Take a look at your roof, even if it’s from the ground and give it a good inspection.  Check for any missing shingles, holes, cracks etc.  Also get the gloves out and clean out those gutters!  Get rid of leaves, sticks, and any other debris because that can lead to clogs and some major water damage.  That’s no fun especially as your family visits during the holidays.

7: Protect the hose
This may not be as much of a concern in the Bay Area but can definitely be relevant to those of you living in places where it gets super cold during the winter.  To keep your garden hose from freezing, cracking or exploding, empty it completely and disconnect it from the faucet when you aren’t using it.  Moving it inside to a garage or shed is a bonus.  Make sure it’s prime and ready to go when spring comes around.

So, there you have it, seven simple steps to make your home (as close to) invincible.  Make a game out of it, throw on some music and make it a family project or activity.  I always have the best feeling of accomplishment and pride when I knock out a home project of some kind.  Even if it’s something small.  Don’t put it off and you’ll be in better shape than most if something were to happen.  Happy fall everyone!

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Life Insurance at Work

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Hey everyone, welcome to the Bravo Insurance Agency blog and thank you for your time and hope all is well!  I want to keep on the same topic that I last wrote about and that’s life insurance. It’s the most important insurance policy you can get.  It helps to make sure your family is protected financially if God forbid something happens to you. Ask yourself, what legacy do you want to leave behind?

A common thing I hear when I bring up life insurance with people is “I’m all set, I have some through work.”  That’s fantastic! What a nice benefit to have and that is so great to work for a company that takes care of its employees.  I recommend getting as much of it as you can because it’s super cheap. But why is it so cheap? Well, because you don’t own it and it’s owned by your company.  That means… they can do whatever they want with it! A perfect example is what happened with Sears a few weeks back (March 2019). The company was struggling financially so in order to cut costs they abruptly ended life insurance benefits for 90,000 people.  That’s 90,000 people who can no longer protect their families financially if something happens to them (unless they did the smart thing and purchased a policy outside of work that they own themselves). All because a giant company wanted to cut costs. The problem with life insurance at work is you are depending on someone else to take care of your family.  You don’t have control.

When you purchase a life insurance policy through an insurance company, you own it.  You have the control and you call the shots. There are two different types of life insurance: term and cash value.  I wrote another blog post that goes into those different types in detail, so check that out to learn the difference or talk to an insurance professional.  Your policy with work should supplement a policy owned by you, not the other way around.

Here is the fine print for most life insurance policies offered by companies (aka group life):

  • The amount is limited.  How much do you have? A lot of people don’t even know.  A typical amount is your annual salary. But, have you gotten a raise over the years?  Is your salary the same now as it was when you first started? Does your life insurance at work keep up with raises and bonuses you get?  Hmmm, great questions you should ask. A lot of companies limit how much coverage you can get.
  • Coverage types could be limited.  How does your policy through work cover you?  Is it going to cover you if you die for any reason?  Is it just accidental death? Does it cover you only if you die on the job?  There could be some fine print, ask your company for more details!
  • It can go away!  What happens if you change companies?  What happens if you decide you want to pursue your passion and change careers altogether?  What if you want to leave your corporate job and pursue your passion for painting? Can you take the policy with you?  Usually not! Think about it like your health insurance with work. If you change jobs you can’t bring that with you. With your health insurance you can apply for Cobra but can you guarantee that you’ll be eligible for life insurance?  What if you have a health issue creep up? All good things to consider and think about.

Life insurance through work is a great benefit.  Take advantage of it because it’s super cheap. Don’t depend on it though!  Use it as a supplement and a secondary policy. Talk to an insurance professional and do a full assessment on how much you actually need.  We can help with that too and we do free life insurance assessments all day long. Don’t end up like Sears and make sure you protect your family and leave the positive legacy behind.

Thanks everyone for reading and for your love and support.  Cheers!

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Term vs Cash Value Life Insurance

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Hey Everyone!  Hope all is going well with all of you.  I want to write about a topic that as you may know by now, is super important to me and really hits home.  This is going to be on life insurance of course. If you haven’t already read my post about life insurance and why everyone needs it, definitely check that out.  I tell personal stories about events that have happened in my life and how life insurance either was a saving grace or a giant detriment. I definitely think you’ll get some value out of that one.

In this post, I want to explore the two different types of life insurance that are out there.  You hear a lot of things about life insurance and how important it is and what not, but how does it actually work?  You may think okay, yes if I die then my family gets money. Well yes that is correct, but it can also be so much more!  In fact I was sitting down with two clients (a husband and wife) about a month ago and was explaining the different types of life insurance that we offer.  I was talking about cash value life insurance and she asked “so in this proposal you’re showing us, if something happens to one of us, the other is going to get not only the death benefit, but also any money in that separate account?”  “Yes that’s correct” I replied. Then she said “well, okay then it’ll basically be reported to the IRS and our accountant will let me know what I’d have to pay in taxes for the next year right?” I told her “actually no, there are zero tax consequences with life insurance so your beneficiary will get the death benefit, the money in the separate cash account and not pay a dime to Uncle Sam.”  Her response (which was absolutely priceless in my opinion) was “Holy shit, that’s wild! Done we’re doing this and I don’t know why everyone doesn’t do this!” Needless to say after that (she is the wife so we all know she makes the decisions) her and her husband purchased a policy to protect each other.

So on that note, what are the different types of life insurance out there?  It can really be broken down into two categories: term life insurance and cash value life insurance.  That’s it, pretty simple. There are several different types of term and cash value life policies but that’s a conversation for another day or to have with your agent.  For the sake of simplicity, I’m going to break down what term and cash value life insurance are and the differences between the two. The easiest way to think about it, is the difference between renting a home vs owning a home.  

Term Life insurance (Renting)

When you rent a home it’s pretty cut and dry right?  You have your lease and you pay your rent each month.  The benefit you get for paying your rent is a place to live.  When renting a home, your lease is going to give you a specified period of time to live in that house.  Whether it be a year, two years, month to month etc you have a specific time period stated in your lease.  After that lease is up, you most likely will have the capability of continuing that lease or signing a new one for additional time.  However you don’t build equity in that home, it’s not your asset and the rent checks don’t go anywhere except for the privilege of living there.  It’s a roof over your head, end of story. Pretty cut and dry.

Term life insurance operates in the same way.  You have your period of time, which is typically anywhere between 10 and 30 years.   You pay your premiums each month for that life insurance. If you were to die, then your beneficiary gets a check (tax free) for the amount of coverage you have in place.  When the term is up, then you have the ability to renew it annually but at a much higher premium, which is determined based on your age at that present moment. Like renting a home, your monthly premiums don’t build any equity or cash.  It’s straight life insurance, you pay premiums, if you die then your beneficiary gets a check for the death benefit. Pretty cut and dry like renting a home.

Cash Value Life insurance (Owning)

When you buy a home it’s more expensive than when you just rented.  You have other factors like property taxes, closing costs, higher insurance costs, maintenance expenses when things go wrong, etc.   However, what’s the trade off? It’s YOUR home and it becomes an asset that you get to keep. You can build up equity in that home that you can borrow against or sell at a later date that puts money in your pocket.  

Cash value life insurance works the same way.  It is more expensive than term insurance. The reason is because your premiums go to two places.  One is to pay for the life insurance itself, and the other goes into a separate account that is going to build up cash over time.  It’s an asset that you get to keep and if funded properly, won’t expire like a term policy. The cash value will increase over time (again if funded properly) and you can use that money for whatever you’d like.  We have clients that have used it for retirement, for a form of savings, for whatever you need. In fact I used money in my own cash value life insurance policy to help pay for a portion of my wedding! It’s great, I got a check and wasn’t taxed a dime.  

So, which type is right for me?

When deciding on the type of life insurance that could be right for you, I always tell clients it depends on two things.  Number one is what are you trying to accomplish by purchasing life insurance and number two is your budget. There are many variables when determining the right type of life insurance so I highly recommend talking to your local agent or setting up an appointment with us to start a conversation.  Just like everyone has unique fingerprints, everyone has unique needs tor life insurance. It isn’t as cookie cutter as car or home insurance. We have clients that have only term, only cash value and others that have unique blends and combinations of both. Again it all depends on what you’re trying to accomplish by purchasing life insurance and what you can afford.  The goal here is to just bring awareness for the different types. I will post future stuff and dive a little deeper on different types of term and cash value but for now I’d highly recommend talking to a professional to learn more.

Thank you all for taking the time to read and for the continued love and support.  Remember we’re always here to help!