Life insurance is a topic most of us do not like to discuss. We too often make excuses such as I can’t afford another bill or I’m too old and I won’t pass the health assessment. Life insurance can be used as a death benefit as well as fulfilling a financial obligation. When you call Freedom Insurance Group Inc. we can discuss your individual life insurance needs. We will discuss your expenses and income to account for what your family would need in the event of your death. Funerals generally cost upwards of $5,000.00-$10,000.00. Term life insurance offers a generally less expensive option than whole life insurance premiums. Term life insurance offer death benefit protection for the specified period purchased usually 10,15,20 or 30 years. Freedom Insurance can cater your term life insurance to your specific needs and budget to ensure you have piece of mind knowing your family is protected. Whole life insurance offers confidence with the guarantee it provides such as the premium to remain the same for the life of the policy, regardless of health or age. Guaranteed cash value so that as your cash value increases, tax deferred so that you will have access to your cash through loan and withdrawal options. Many people chose to borrow from their whole life insurance to cover tuition costs or help out with a wedding. Too often, emergencies occur and your whole life insurance can also provide peace of mind knowing you have access to it if needed without going into debt over taking out a loan. You can work with a knowledgeable agent at Freedom Insurance Group Inc. to discuss your needs not only for life insurance but also for auto, home, recreational and umbrella insurance. You can also read more about life insurance in Philadelphia at www.freedom4insurance.com or call 215-673-0300 to review your life insurance needs.
Welcome 2016! We have all made New Years resolutions, to improve ourselves and our lives have we looked into improving our insurance needs or looking into new insurance? Did you know that you may be paying too much for your current insurance? When is the last time you consulted with an insurance agent about your insurance policies? By calling Freedom Insurance Group at 215-673-0300 and speaking to a knowledgeable licensed agent we can review your policies free of charge and assess your insurance needs. Have you had a change of life event such as a marriage or separation or changed your address or possibly purchased a home? If so, your insurance needs have changed and need attention. Do you have a teen that is newly licensed or a parent living with you that needs to be on your auto policy? If you have any new toys, jewelry or valuables in the new year you want to be sure to protect them. You could possible need an umbrella policy to fully protect yourself and all that you have worked so hard for. Most importantly, you want to be sure you have yourself and your family covered with life insurance in the event of a tragedy. We put so much time and effort into changing ourselves and our habits in the new year why not do the same for your insurance needs? By making that one important call to Freedom Insurance Group Inc. you will get dependable service for all of your insurance needs. We check our 15 A+ rated insurance companies and find you the lowest price based on your insurance needs. You can also visit Freedom Insurance Group Inc. on the web at www.freedom4insurance.com to see our staff and read our mission to provide quality insurance for your auto home and life insurance needs.
One question insurance agents frequently are asked is “How do I know if I need an umbrella policy?” We advise our customers to look at their whole financial situation and their lifestyle. Do you own a swimming pool? Own a dog? Have large assets to protect? Agents typically recommend that customers have enough home insurance coverage equal to their assets. Umbrella policies cover liability, personal injury coverage and legal expense coverage. Umbrella polices are there to protect you against large lawsuits. There are certain parameters that must be met to get an umbrella policy. First you must carry your auto and homeowners insurance with the same company. Second you must acquire the highest limits available for auto insurance and home insurance. The maximum amount of coverage you can have under an umbrella policy varies by state. This protection can extend beyond your auto and home. It can also cover your RV, boat, snow mobiles, golf carts, ATV’s, jet skis and motorcycles. There are some added protections with an umbrella policy that are generally excluded from homeowners insurance polices. These policies can run approximately $300-$400 a year for a million dollars coverage. That is relatively inexpensive for extra coverage.The best part is that everyone in the household is covered as long as they are listed on the auto policy and live in the home. Something to think about if you have teen drivers in the home.
The best thing to do is to speak to a licensed agent who can discuss your risk and assets. There are certain situations which will increase your need for an umbrella policy. Call us at 215-673-0300 so we can discuss your current auto and homeowners insurance in Philadelphia, we can evaluate if you have enough coverage and if you should also look into getting an umbrella policy. You can also visit our website at www.freedom4insurance.com click on all coverages to read about umbrella policies.