Life Insurance is necessary for people of all ages; it is much more important than many realize. The reasons why you should purchase Life Insurance can vary and sometimes it is confusing to determine what type of life insurance policy you should buy. Financially speaking, your biggest asset isn’t your home, your car or even your investments; it’s your lifetime earning potential. Not only does your income cover basic cost of living expenses, it covers the considerable costs associated with healthcare, education and retirement. Nobody likes to think about premature death, but it’s critical that you protect your family from this possibility by considering both term Life Insurance and permanent life insurance. Compare the costs and benefits to determine the best Life Insurance coverage for you and your family and select the option that works best for your particular situation. At New Horizon Insurance Services, we make understanding life insurance easy!
If you find yourself wondering why you should purchase life insurance, consider the following reasons:
- To pay final expenses
- To replace income for your dependents
- To ensure an inheritance for your heirs
- To create a source to savings
- To cover federal/state death taxes
- To make significant charitable donations (naming a charity as a beneficiary)
Disability Insurance
Imagine that you are hurt and must take time off work. Does your employer provide Disability Insurance? Even if they do, does it cover the length of time you may be out of commission?
These are things you should be considering if you need to purchase disability insurance. Your need for disability insurance may be greater than you realize, and it’s not a responsibility you should simply toss aside for your employer to deal with. Although worker’s Compensation Insurance is required by law to be provided to you by your employer, Disability Insurance is not required in every state. Only in Hawaii, New Jersey, Rhode Island, and New York does State Law obligate employers to provide Disability Insurance for up to 26 weeks. Currently, there are no state laws that require employers to provide you with Long Term Disability Insurance.
If your employer does not provide enough or any Disability Insurance, look no further than New Horizon Insurance Services. We have many options for comprehensive Disability Insurance policies to best suit your needs. Disability Insurance policies basically provide replacement income for you during the time you are unable to work. Do not make the mistake of underestimating the importance of this type of insurance; consider this: how would you and your family survive without your income? What things and activities would you need to give up without your income? You are statistically more likely to become disabled than you are to die prematurely. Disability Insurance typically replaces 60-70% of your income during the time in which you are unable to work and/or perform the duties defined by your employment. Can you afford NOT to purchase this Disability Insurance coverage? Contact New Horizon Insurance Services today for more information on disability insurance or get a free online quote, right now!
The agents at New Horizon Insurance Services can help you with any Life Insurance questions you may have and information you may need. Contact us today or fill out our free quote form!
At New Horizon Insurance Services we take the time to truly recognize your insurance needs so that your personal assets are protected at the most competitive rates. Our comprehensive solutions cover a wide range of risk.
Discounts that could significantly lower your insurance premium aren’t the only reason to place your insurance policies with us. Competitive pricing, customer service, and peace of mind are more reasons to put us to work for you. We’ll help you design a policy to meet your needs. We’ll show you what coverage may be available and how to get the personalized protection you need. The fact is that things change, times change, and chances are your policy may need to be updated to meet your changing lifestyle. You’ve worked hard to get where you are, and you have a lot to look out for. You deserve the right policy at the right price!
New Horizon Insurance Services wants to be here for you to meet all of your insurance needs. Our extensive experience has enabled our dedicated agents to manage multiple policy lines all while saving you valuable time and money.
Remember, no matter where you are located, whether it’s Fresno insurance, Clovis insurance, Madera Insurance, Oakhurst Insurance, Merced Insurance, or anywhere else in the Central Valley, or state for that matter; one of our dedicated independent agents would be happy to serve you!