The two main types of life insurance coverage are Whole and Term life insurance. Having a life insurance policy is crucial as it can shield your loved ones from potential economic hardship following your demise. While Whole and Term life insurance policies operate differently, they also share similarities. Both kinds of policies provide a death benefit to the beneficiaries specified by the policyholder if the policyholder passes away while the policy is active. If you are currently without life insurance, we at Bryan Insurance Agency LLC in New Windsor, NY are on standby to provide you with more information.

Term Life Insurance

Term life insurance is cost-effective. However, it is time-restricted. This type of life insurance is highly beneficial due to its lower cost than a whole life policy, making it more suitable for individuals on a budget. Unfortunately, term life insurance only remains active for a set period. After this duration, it ceases to provide protection. In order to regain coverage, you would have to procure a new policy.

Whole Life Insurance

Choosing a whole life insurance policy comes with several benefits, but it often boils down to the budget. Whole life policies are more costly and, thus, may not be attainable for people on a budget. However, once a whole life policy is acquired, it remains active indefinitely as long as premium payments are maintained. This type of policy also accumulates a cash value over time that the policyholder can borrow against if need be.

Get Life Insurance

Regardless of the type you choose, life insurance is essential. Contact us at Bryan Insurance Agency LLC in New Windsor, NY to initiate this process.

Liability coverage is just one part of your home insurance coverage. It protects you from people who might get injured while visiting your home or by family members away from your home. It also gives protection if that injury leads to legal action against you. How much liability is needed to give you full protection needs to be reassessed from time to time. At Bryan Insurance Agency LLC in New Windsor, NY, we are a full-service independent insurance agency in business since 2004. 

The minimum amount of liability insurance that most home policies have is $100,000. Today it is recommended that $300,000 to $500,000 is a more appropriate amount. Especially if you have assets like investments or property, making sure you have enough to protect that amount is vital. An umbrella policy is also a good option if you have an increased amount of risk.

Having a dog

Having a dog increases your liability. Depending on the kind of dog that you choose and the dog’s history, you may find a big increase in your premium. In some cases, you may even find that your dog will not be covered by your insurance due to the breed or its aggressive behavior. 

Pool or hot tub

Having a pool or a hot tub is great for entertaining. Having guests is always somewhat of a risk, but when you add a pool or hot tub, the risk rises exponentially. Make sure that you follow all the local rules about fencing and making your pool a safe place.

Trampoline

Trampolines are very popular but they are also very dangerous and many children are injured every year. If someone is visiting and is injured on your trampoline, you could find yourself with lots of medical bills and even being sued. 

Contact Bryan Insurance Agency LLC in New Windsor, NY for all your home insurance needs. 

People that are all over the New Windsor, NY area are going to have personal insurance needs. While it is important to have personal liability coverage and protection for your most important assets, another form of important coverage to get is life insurance. There continue to be a variety of situations when someone should get a life insurance plan. 

Those That Want to Protect Dependents Financial Future

A situation when someone should get a life insurance plan is when they want to protect their dependents. When you have someone that relies on you and your income, you will want to know that they are protected if you were to pass away. With a proper life insurance plan, you will get the coverage needed to ensure their financial future is secure.

Those that Want an Alternative Investment

You should also look into getting a new life insurance plan if you are looking for an alternative investment. With a whole life insurance plan, some of your monthly payments will go into an account that will grow over time with interest. Eventually, this account will build up significantly in value and can be liquidated or used as collateral to be posted to a loan you want to take out. 

Picking a life insurance plan is very important. At the same time, it can be confusing, and getting professional support is helpful. If you are in the New Windsor, NY area, a great resource to call is the Bryan Insurance Agency LLC. If you call the team at Bryan Insurance Agency LLC, you can get the support you need to choose an insurance plan. Our team always takes a personalized approach to ensure you can build the right plan and give proper coverage.