2018 January 22 by Peter Green Insurance
It’s a lovely Sunday morning. You’re at home having a delicious breakfast with your spouse and kids. It’s a special moment when you can relax and forget the stress of everyday life. All you want to do is enjoy the smell of buttered bread, spend time with your family and chat for a while. We don’t know you personally, but we’re pretty sure there’s at least one topic you wouldn’t bring to the table—although you should: death.
There are many reasons why people avoid talking about death, but allow us to give you a piece of advice: Having this tough conversation shows how much you care about your loved ones. Dealing with death requires some preparation and you should start making important decisions while you can. One of them is assessing the necessity of purchasing life insurance. You can think of it as a financial tool that will be a weight off your heirs’ shoulders. Here’s why:
Protect your Spouse and Kids
Living as a couple is a journey that involves sharing dreams, establishing plans, and making investments. From having kids, to buying a dream house and budgeting for a vacation, everything comes with a price. When you work hard to get a promotion and your spouse gives up a fancy purchase to save money, it’s because you two are looking ahead. These mutual efforts are also an essential way to strengthen your relationship.
However, life isn’t predictable. We know that no one likes to think about this possibility, but what if one of you were to die tomorrow? Your surviving spouse’s income may not be enough to honor commitments and expenses, which could mean a change in living standards and quality of life. Unfortunately, we have to be realistic and give you the bad news: If you have children, an unexpected death would be even more troublesome. Food, clothes, college, and health costs definitely aren’t cheap.
Purchasing life insurance can give you peace of mind because then you can go to bed everyday knowing that if the worst happens, your family will suffer your loss, but they won’t have to deal with a financial meltdown at such a difficult time.
Someone Needs You
Even if you’re single and don’t have kids, there are still some situations when it’s advisable to purchase life insurance. For instance, if you take care of your aging parents and they rely on your financial assistance, an unexpected death would make them suffer twice. First and foremost, because they are grieving. Second, because they’ll have to reorganize their finances, which is always a painful process.
Don’t let dreams and plans die with you. Making sure your loved ones will be able to continue their lives is a true gesture of love. At Peter Green Insurance, we offer two types of life insurance and our agents are ready to explain all the details and assist you with choosing the best option to protect those you love. Feel free to reach out to us and to have a confidential discussion by calling 888-725-7776 or by visiting our website.
2018 January 10 by Peter Green Insurance
Your twenties are the perfect time to establish your home, build your career, grow your family… and buy life insurance? Though it may seem strange to plan for your untimely death as you look towards a long and happy life ahead of you, the best time to purchase a life insurance policy is actually in your twenties or thirties. If you have started a family, if you’ve accumulated some form of debt, or if you’re simply financially savvy, you’ll want to invest in your life insurance now.
Caring for your family
As a parent and/or spouse, you can’t help but want the best for your family. If something were to happen to you, would your significant other be able to provide for your children without your financial support? How would your partner keep up the lifestyle that you had built together? Life insurance can help to bridge the gap left by loss so that your family can live comfortably well into the future.
Leaving debt behind
Family isn’t the only reason to get life insurance: if you’ve accumulated certain forms of debt, life insurance would definitely be an asset. In fact, 73% of all Americans actually have so much debt that they die with it, but not all debt can be so easily buried. If you and a co-signer take out a student or business loan, for example, your co-signer would then inherit your debt. Your life insurance can help them repay the remaining balance of your loan long after you’re gone.
If you’ve purchased a home with your spouse, a similar instance might occur. When you’re no longer available to contribute to mortgage payments, could they afford to continue to live in the home? With life insurance, you can rest assured that at least your significant other can continue to live in your shared home, even if they couldn’t afford it on their own.
Considering your age and health
If all other factors leave you feeling unmotivated to invest in life insurance, surely knowing that you will save money in the long run will convince you. Though many factors affect your life insurance premiums, age and health are two of the most critical components. Premiums rise with age and with the decline of health because the insurance company must adjust for the increasing risk of death. If you purchase a policy earlier in life, when you are young and healthy, your investment is likely going to cost you much less overall.
There is plenty to consider when determining whether or not a life insurance investment is right for your lifestyle. If you’re in need of a second, expert opinion, contact us online or give us a call at 714-258-2800 so that we can help you make the best decision for you and your family.
2017 December 19 by Peter Green Insurance
Whether you are just getting your business off the ground or you’ve been working to scale, you know that there are many risks in your business. You may know the statistics – that up to 90 percent of companies just starting out fail. A key reason they fail is because they lack the proper amount and type of business insurance to protect them from their risks.
You’ll need a wide range of business insurance policies. Most startups need property insurance, employee dishonesty insurance, workers compensation coverage, and so on. However, when it comes to the general liability business insurance your company needs, focus not just on slips and falls. Focus on bigger mistakes that could lead to costly lawsuits and fines. This is when professional liability insurance steps in to help you out.
How Professional Liability Insurance Helps You
Professional liability insurance is a type of coverage that provides protection from negligence claims – like all types of commercial liability insurance. However, this focuses in specifically on the mistakes you make or the failures that occur as a result of the advice and guidance you provide. Professional liability insurance goes further than what your basic general liability business insurance plan does. It gives you more coverage for larger risks. This can help you to feel comfortable operating in the disruptive, innovative, and comprehensive environment your business is working in right now.
Who needs it?
- Are you making decisions about the operations of your company?
- Are you providing advice or guidance to your customers or clients?
- Are people depending on you to provide the very best advice or a very specific outcome?
If so it is time to upgrade your business insurance to reflect this higher level of risk. Professional liability insurance can help you get there.
The good news is that this form of commercial liability insurance is readily available and it can be customized to address the specific risks associated with your industry and even your local environment. Talk to your business insurance agent today about upgrading your coverage. It could be what keeps your new business operational and growing rather than shuttering its doors for a negligence claim.
2017 December 12 by Peter Green Insurance
Cyber crime insurance has become one of the most sought after forms of business insurance today and with good reason. Cyber crime is on the way up. It has been linked to a variety of situations at retailers, banks, and even the credit bureaus themselves. No matter the size of your company or the type of business you do, it is critical to have ample data breech insurance in place. However, going beyond insurance protection, what else can you do to reduce your risks?
Tips for Improving Cyber Security
You do not have to have an endless budget to be able to put in place good cyber security measures. These tips can help you reduce the number of claims you’ll file.
- Ensure that your software is updated routinely. Make sure you are using security solutions from a trusted company and one that is still very active in the industry. You’ll want to upgrade your security solutions routinely.
- Teach your employees how to spot risks. Do not allow them to use your work-related computer systems for personal needs. This reduces some risk.
- Block access to restricted websites. Put in place a firewall. And, be sure there are internet filters present to prevent employees, hackers, and third parties from getting into your system.
- Put in place strict password policies. And, while doing so, be sure you’ve put in place policies to change those passwords frequently.
- Hire a team to help you. Unless this is your area of focus, you’ll benefit from having a third party company look for areas of concern.
Cyber insurance companies can help you, too. Many are aggressive in that they work with you before there is any need to file a claim to shore up areas of security risks. While you should never go without data breach insurance and comprehensive cyber crime insurance, you can keep your costs lower with these types of prevention tools. Unfortunate, this is something you will need to continue to work on month after month to ensure it remains the highest level of protection possible.
2017 December 7 by Peter Green Insurance
To compare auto insurance quotes from different companies, individuals need to look at all of the facts.
You need to know what an insurer can offer, what limitations the policy has, and what level of coverage you have. In other words, it’s not easy to compare one policy to the next without breaking down all of the components of the insurance plan. Here are five areas to look at when comparing quotes from different insurers.
#1: Coverage Limits
Every policy will have a maximum limit of coverage. The more coverage you have, the more you’ll pay. Compare coverage limits per incident and lifetime coverage. Do this for both property insurance and liability insurance.
#2: Safety Features
Many times, average car insurance rates come down to what’s on board your vehicle. Do you have anti-lock brakes? Perhaps you have a built-in security system or GPS tracking. These can help to reduce costs, but not all insurers automatically apply these features to quotes.
#3: The Deductible
This is the amount you will pay out-of-pocket before your insurer starts to pay the remaining amount. A high deductible will reduce your auto insurance premium costs. However, it is important to find a balance between what’s affordable to you and your ability to reduce premium costs.
#4: Discounts and Rewards
Some of the best auto insurance companies will automatically apply any discounts and rewards your vehicle qualifies for. However, this is not always in the quotes you receive. When comparing policies, be sure the same types of discounts are applied by both insurers.
#5: Your Personal Risk
Average car insurance rates can only go so far. To have a true breakdown of what you can expect, you need to get a closer look at rates for you, specifically. Be sure the quotes you receive factor in your moving violations and previous claims.
To compare auto insurance quotes from different companies, factor in each one of these concerns. You’ll want to work closely with any agent providing you a quote to ensure you are comparing apples-to-apples within your policy.