If you are confused about whether to buy term or whole life insurance, don’t worry because you are not alone. Many life insurance policyholders in Duluth, GA often end switching from one option to the other. Before you settle on any life insurance package, it is essential to enquire about the difference between the two insurance policies–term and whole insurance. At Insurance Pro Group Inc., we recommend speaking to our insurance agents, who will explain the difference and benefits of both choices and help you make an informed decision.
What is term life insurance?
Just like its name, term life insurance offers coverage for a set duration or period of time, depending on the agreements with the insurance provider. This is usually between 10 and 30 years. Term life insurance does not have a cash value component. It is designed to explicitly give a death benefit to your beneficiaries in case you pass away during that duration. If you decide to buy a term life policy to protect your family, you need to think critically about the needs of the family in the period when the plan will be in force. A lot could happen before the expiry date of term insurance. This could mean having grown-up children with new needs like college fees, mortgage payments, and many other financial needs.
What is whole life insurance?
A whole life insurance policy offers coverage permanently from the time you buy to the time you die as long as you pay the premiums. This coverage gives cash value components, which means that the amount grows over time. While whole life insurance takes time to grow into a useful amount, once it gains value, you can borrow the amount in the loan forms or withdrawals.
So which option works for you? Our insurance agents at Insurance Pro Group Inc are ready to help you make a solid decision that will help safeguard your finances. Visit us at our Duluth, GA offices today!
Auto insurance is something that every state requires drivers to carry, though the minimum coverage requirements differ from state to state. Elective coverage options are usually only considered when forced, most often by an auto lender covering the loan that is paying for the car. However, there is a lot of protection that may be ideal even if you fully own the car and it is not brand new. Insurance Pro Group Inc., serving the Duluth, GA area, can cover you on when you should be protected by more than the minimum.
Uninsured/Underinsured Motorist Coverage
The state of Georgia does not require under-/uninsured motorist coverage in the minimums. This means that if someone hits you who does not have insurance, you are at the mercy of their ability and willingness to pay in order to be compensated for the accident (even with a court order, the ability to pay may still be a problem). Unless you have the money to fully repair or replace your car, it may be worth adding this policy.
State minimum coverage pays for the medical expenses of the passengers of the car you hit but does not cover yourself or your passengers. The smallest accident could result in injury, and many doctors only treat with payment upfront if you do not have great medical insurance.
Comprehensive policies cover replacing stolen vehicles or repairing damage from weather or vandalism. This is a nice policy to protect you from things beyond your own control.
Auto insurance can lead to having unique needs for each person’s situation. Contact the professionals at Insurance Pro Group Inc., serving the Duluth, GA area, to see if adding one or more of these to your minimum policy will keep you better protected.
Duluth, GA is a popular place to do business with its proximity to Atlanta it has great access to everything you need to be successful. Commercial insurance is not just one type of insurance, it has many different options. Not all of them will be right for you but some will. By talking to the team at Insurance Pro Group Inc. you will be able to create a commercial policy that fits you, your budget, and your business.
In Georgia, you are only required by law to carry two types of commercial insurance. If your business owns any vehicles they need to be covered by commercial auto insurance and if you have three or more regular employees, even if they are part-time you need to provide them with workers’ compensation insurance.
Protecting your business isn’t just about requirements however, it is about knowing the types of hazards that could cause your business to no longer be able to function. This makes certain other types of commercial insurance important.
Commercial liability insurance
When you own a business you may be the defendant in an injury case. Someone may be hurt visiting your business or by a product or service that you offer. If a judgment is won against you, your liability will help to pay that claim up to the limit of your policy. It will also help pay legal costs.
Commercial property insurance
Commercial property insurance protects all the things you use in your business. It doesn’t matter if you own the building, rent, or work from home. It will cover your machinery, office equipment, inventory, and the components of your products.
Business interruption insurance
If a covered hazard closes your business this coverage will help you with the day to day expenses of your business until you are able to reopen.
Many things can happen that affect your business. Being protected against them is important and at Insurance Pro Group Inc. in Duluth, GA we are here to help. Give us a call or stop by the office.
The summer months can be destructive for your home if you need to update your homeowner’s insurance policy now is the time to do it get ahold of agent at Insurance Pro Group Inc. in Duluth, GA before summers arrival.
They average 53 inches of rain a year with devastating storms, tornados, and the occasional tropical storm or even hurricanes and of course flooding. The weather alone is enough to make homeowners nervous about keeping their homes safe during the summer months. Of course, you can’t prepare for a tornado you just have to ride it out and hope for the best. With an average of 53 inches of rain and being in hurricane country fold insurance is a must-have to help protect your home.
Make sure your trees are trimmed and well managed if you have an old rotting tree on your property have it removed so it doesn’t end up in your living room. BBQ grills especially if they are near the house should be chained or somehow attached to the ground so they will stay put. If a storm is brewing and your patio furniture is not securely in place bring it inside. If you have a garage make sure you put any toys, trash/recycle bins, etc. in the garage. Simply put if you can securely attach it to something outside do it because you may not always be home when the weather gets nasty.
Make sure you keep toys and other obstacles off the walkways and steps so if you have company, they do not trip and fall on them that could be a liability suit.
If you can stain your decks and outside furniture so the sun doesn’t harm them. There are a lot of things you can do to keep your home safe during the summer. We focused on mostly weather-related incidents because the weather is so unpredictable and can be very dangerous.
Make sure your homeowner’s insurance policy is up to date and has coverage for everything you need before summer arrives call Pro Group Inc. in Duluth, GA to make an appointment.
Having proper insurance coverage is important for anyone in the Suwanee, GA area. One form of insurance that all people should consider getting is life insurance. Since picking this type of insurance can seem confusing and complicated, there are several tips that should be followed that can make the process easier to follow and clearer.
Consider Your Needs
One of the first things that you need to do when shopping for life insurance is to consider your needs. The life insurance needs that someone can have will vary a lot from one person to the next. You should consider the future costs that your dependants will have, which can include the costs of housing, higher education, and other costs. You should then back out liquid assets that you have to come up with an appropriate level of coverage and policy limit.
Insurance Type Options
Another factor to think about is the type of life insurance that you should get. The two most common forms of life insurance continue to be term and whole life insurance. When you want the most amount of coverage possible, term life insurance is normally the best. However, a whole life insurance policy can cover you for a longer period and can also be used as a conservative investment alternative.
When you are looking for life insurance in the Suwanee, GA area, a great company to contact is the Insurance Pro Group Inc. When you reach out to Insurance Pro Group Inc. you can receive guidance and support that will help you to make this challenging decision. They will do this by completely evaluating your situation, determining your needs and figuring out the right type and level of coverage to provide you and your dependants with the right coverage.
Auto insurance policies from providers like Insurance Pro Group Inc. offer numerous coverage features and types of coverage. If you’re on the market for auto insurance in Suwanee, GA, you should understand what the main features of auto insurance are.
The following are three of the most important auto insurance policy features.
Bodily injury coverage
Bodily injury coverage is essential for any auto insurance policy. This type of coverage is one of the coverage types that is required for basic liability insurance.
Bodily injury coverage pays medical bills for those who are injured in an auto accident. This coverage pays the medical bills of the policyholder and any other drivers involved in a crash.
Property damage coverage
In most states, motorists are required by law to carry property damage coverage as well as bodily injury coverage. Property damage coverage will pay for any damage you cause to either public or private property. This type of coverage will not, however, compensate the policyholder to damage for his or her vehicle in an accident.
In order to be compensated for damage to one’s own vehicle- that was not caused by another driver- a motorist needs to have collision coverage.
Although collision coverage is not required by law, it is a very important type of auto insurance coverage to have. Collision coverage is especially important for motorists who drive highly valuable vehicles.
If you have financed your vehicle, your lender will probably require you to carry collision coverage on your vehicle.
If you want to learn more about your auto insurance coverage options in Suwanee, GA, contact us at Insurance Pro Group Inc.
Congratulations on owning your own business in Suwanee, GA. It isn’t easy, but it can be one of the most rewarding experiences. While you’re fighting and striving to make your business as great as possible, you’re likely to adapt to changing markets and fluctuations in your industry. When you do, you might find that you have room to cut costs in different areas. Sometimes, commercial insurance is such an area. Insurance Pro Group Inc. has some advice for you on when you can reasonably lower your coverage.
Your Assets Change
Property insurance and liability insurance are both often calculated based (at least in part) on your assets. The overall value of your business determines how much insurance you need. If your assets change, it might be reasonable to adjust your coverage with that change. Reducing coverage doesn’t only make sense after layoffs or downsizing. There are many times when a business reduces assets by finding more efficient ways to operate — leading to lower insurance needs even if the business is still thriving.
The Nature of Your Business Changes
One of the most common reasons to change your insurance is a change in the business itself. Whether you add or drop services, increase or decrease staff size or shift from a physical location to online-only access, there are a lot of ways for a business to transform. When yours transforms, make sure your insurance keeps up with the changes.
The best way to keep your Suwanee, GA, business properly insured is to keep your agent in the loop. Talk to your Insurance Pro Group Inc. representative on a regular basis. They can help you stay ahead of the curve and ensure that your insurance is always properly catered to the needs of the business.
Many people are uncomfortable thinking and talking about life insurance. It just seems wrong to talk about your own death or the death of a loved one when they are very much alive. But, not discussing it is a bad idea. Life insurance is part of financial planning and it is one type of insurance that is best purchased when you are young and the rates are lower. You may also run into health issues later on that could affect your ability to buy life insurance. According to life insurance experts, buying before you are 35 is optimal. Talking to the staff at Insurance Pro Group Inc. of Suwanee, GA can help you to make the right decision about how much life insurance is enough.
A simple answer is that ideally, you should have 10 to 12 times your annual income in life insurance. What you are doing with life insurance is providing for those you are leaving behind. If you die your income ceases and your dependents will need to be able to survive not only without you but without your income. They will need to be able to pay off any debt that you leave but also to continue to keep a roof over their head which means a mortgage or rent payment. If you have younger children, they will also need to be provided for and that includes going to college if that is in the plans.
If you are older or younger and you have no dependents then a lesser amount of life insurance may be enough. Coming up with the correct amount that you need and can afford is why it is vital that you have an insurance agent you can trust to do the right thing for you. In Suwanee, GA Insurance Pro Group Inc. is ready to sit down and discuss exactly what amount and type of life insurance that works best for you.
Suwanee, GA is a very pretty suburb of Atlanta. Residents need their vehicles to get around but the traffic can be horrendous. Anytime you are dealing with constant heavy traffic, having good auto insurance is a must. If you have questions about what coverage you should carry on your car, the experienced agents at Insurance Pro Group Inc. are here to help you decide what types of coverage you need. If you are on vacation or your car is in for repair, you may be driving a rental car and the question of whether your auto insurance covers you may have come up.
This is not a one size fits all answer. The best answer to this question is that if you have auto insurance you will have at least your state minimum liability insurance. This protects other drivers from you. That at least is one less thing to worry about. But if you don’t have collision and comprehensive insurance on your personal policy, chances are you don’t have the amount of insurance you should have with a rental vehicle. If you had an accident you could be liable for the damage to the rental car. The good news is, since you usually must use a credit card to rent your vehicle, your credit card may include rental insurance. Be sure to check with them before you pay for the insurance the rental car company will try to sell you.
Auto insurance coverage can be confusing. Most people have no idea what some of the terms mean and what exactly their insurance covers. In Suwanee, GA the team at Insurance Pro Group Inc. is happy to clear up some of the confusion for you and can tell you if your policy covers you in a rental vehicle. Why not stop by our office or give us a call and let us give you a no-obligation quote.
Those that are in the Suwanee, GA area should consider starting their own business as the local economy provides many great opportunities and benefits. When you are looking to start a business in this area, you should think about ways that you can protect your business. One of the best things that you could do would be to get a commercial insurance policy. A commercial insurance policy can protect a Georgia business in many different ways.
Ensures Legal Compliance
One benefit of having commercial insurance is that you will be in compliance with all legal requirements. In Georgia. all businesses that reach a certain size of staff are required by law to carry worker’s compensation insurance. Without it, you will be in violation of the law and could face stiff penalties. Additionally, commercial insurance is also often required by and bank, landlord, or equity investor that you have a formal relationship with.
Gives Liability Protection
Once you start your own business and start to sell products or services to a customer, you are going to take on a lot of liability. If you have a customer that gets hurt or sick through the use of your product or service, you could be held liable. This could prove to be devastating to your company. A commercial liability insurance policy will protect you in these situations, which could help to keep you solvent.
Ultimately, a business owner in the Suwannee, GA area needs to do all that they can to properly protect their business. One great way to do this is by speaking with the team at Insurance Pro Group Inc. When you reach out to the team at Insurance Pro Group Inc. you will learn much more about your commercial insurance options and how it could protect you and your company.