Four Reasons Why Life Insurance Is a Good Investment

Life insurance provides security for your family and loved ones.  Knowing that there will be some money available to help with debts, expenses, and allow your family to continue to thrive if something happens to you can be a great comfort.  Insurance, though, can also make a good investment.

There are different types of life insurance policies available.  The pros at Chandler, AZ’s San Marcos Insurance Group can help you make the right choice.

Four Reasons Why Life Insurance Is a Good Investment

  1. Building Cash Value

    Whole life insurance builds up cash value over time.  You are covered with the full value in case something happens, but you can also cash it in, or in some cases, borrow against it if you need the money.

  2. Tax Deferred Growth

    A permanent life insurance policy means deferring interest, dividends, or capital gains until you withdraw the money.

  3. Diversification

    Choosing the right insurance policy can also help diversify your portfolio of investments.

  4. Forced Savings

Let’s face it. Not everyone is good at savings.  Committing to paying for the right life insurance policy can help you maintain a consistent savings plan.

Invest Early in Life

Typically, the earlier you invest in an insurance policy, the lower the price.  The  longer you own it, the more the cash value grow.

Before you use insurance as an investment, or invest in anything, you need to make sure you understand any risks and read the fine print.  For more information, or to help you choose the right insurance, contact the Chandler, AZ agents with San Marcos Insurance Group.  We can help you design the right mix to meet you insurance and investment needs.


Chandler, AZ Offers Commercial Insurance Options

With so many commercial insurance options available, and a number of different types of policies depending on the kind of company a person has, it is no wonder that insurance can feel confusing. But it does not have to be that way. At San Marcos Insurance Group in Chandler, AZ, there are dedicated agents who are focused on making sure businesses get the insurance they need. That way their businesses are covered and protected, but they do not have a lot of unneeded coverage that can just complicate things. Every business’ needs are going to be different, and knowledgeable agents understand that.

Offices and manufacturing plants have far different working environments, and they also have differences in the kinds of customers that may come through the doors. The risks to people who work there and who come to the company for other reasons are going to be far different. Visitors, salespeople, and vendors may all come through a company on a daily basis, and all of those people have to be protected from unsafe conditions, If they do get injured somehow, the company will want to be able to take care of them while also protecting itself.

The right insurance company and policy will do all of that and more, and will give the company peace of mind, too. Fortunately, there are ways to get that kind of coverage and protection without any hassle or confusion. Reach out to San Marcos Insurance Group today, and start getting the peace of mind that any company owner wants. The Chandler, AZ area has other options, but taking care of everything in one place and knowing the agents are knowledgeable and the company can be trusted can make all the difference in how a business owner feels about their insurance.

What Is the Difference Between Term Life and Whole Life?

Life insurance is something many people realize they need after a tragedy. When a loved one passes away, the family is left with funeral expenses and other unexpected bills. Having a life insurance policy in place can prevent financial disaster for those who are left behind. The agents of San Marcos Insurance Group can provide residents of the Chandler, AZ area with the information they need on both whole life and term life insurance. 

Who Should Have Life Insurance?

In most cases, it’s advisable for everyone to have some type of life insurance. Many use their benefits to pay for their final expenses and to help with the execution of their estate. If you are the sole breadwinner for your family, having a life insurance policy in place is essential. A good life insurance policy will not only pay your final expenses, it will provide your family with the financial means to support themselves since they will no longer be able to rely on your income.

What’s the Difference Between Term Life and Whole Life?

The main difference between term and whole life insurance is that term life involves set payments over a specific amount of time, the result is a death benefit that can use to cover your expenses. Whole life is more of an investment that continues to grow as long as premiums are paid to the account. 

If you live in the Chandler, AZ area, you can contact the agents of San Marcos Insurance Group to discuss what your insurance needs are. They will be able to help you determine what type of life insurance bests suits your needs and will provide for your family in case of an emergency. Don’t delay! Find out how you can protect your family now!

Is Theft Covered by Commercial Insurance?

Commercial businesses in Chandler, AZ stand to lose a lot in the case of theft, regardless of whether or not it’s physical or virtual. Commercial insurance will typically cover theft, but there are a few warnings for business owners before they take that at face value. Learn more about how your limits can affect your livelihood in the case of theft. 

Hard Caps 

It’s important for business owners to understand what their policy is before they choose it, but unfortunately, it seems the only thing many owners understand is the price of the premium. This can’t be the only way you decide which commercial insurance is right for you in Chandler, AZ if you hope to survive a number of different threats. San Marcos Insurance Group can help you understand more about what your limits are, and whether or not you need better protection. These limits set a hard cap as to how much money will be paid out in the event of a claim. So if a thief takes $50,000 worth of merchandise and you only have a $25,000 limit, you’ll won’t be able to recoup the full costs of the lost goods. 

Calling San Marco Insurance Group 

Everyone is at risk of theft, no matter what type of business they own. Hackers continue to be on the rise even if physical theft is not a concern for you. No matter what your risks are, you stand to lose a lot in the case of theft, so give San Marcos Insurance Group a call to learn more about how we can help. Our staff has the experience and the skills to explain everything you need to know. We’re happy to answer your questions, provide a quote, or just talk to you about your primary concerns for your business. 

What is the Insurance Dwelling Value?

Residents of Chandler, AZ are not required by law to obtain home insurance, but many will choose to do so to protect their investment. In addition, a bank will usually stipulate that their customers must purchase a home insurance policy. When purchasing and maintaining home insurance, it is important to understand what your insurance dwelling value is, and we will discuss this in detail. 

Insurance Dwelling Value

Many people make the understandable mistake of wanting to insure their home for how much it is currently worth on the market, but this is not an accurate way to measure how much insurance you will need. This is because you will need to pay the replacement cost of your home in the event of a total loss, and this amount will likely differ from the home’s current market value. Replacement costs tend to rise when house prices increase, but they also tend to stay the same even when those house prices go down. 

Keep in mind that your insurance dwelling value will likely also increase when you build additions, decks, sun rooms, or garages unto your home. When adding onto your house, it is best to speak with your agent to make sure your indemnification is commensurate with the worth of the structure. Sometimes the state you live in will pass ordinances, such as new wiring and building code standards, that will affect how much it would take to replace your residence, and this must also be taken into consideration when insuring your home. 

San Marcos Insurance Group Wants to Help You

San Marcos Insurance Group is a fine purveyor of insurance with experience serving the Chandler, AZ area. Our friendly agents can answer any questions you may about home insurance, including insurance dwelling values. Contact us today to schedule an appointment, and we can find the right insurance package for you.

3 Questions to Ask When Choosing a Health Insurance Plan

Since medical care in the United States is expensive, most people value health insurance. For instance, a three-day hospital stay will cost you anything between $45,000 and $50,000 in Chandler, AZ. Health insurance is perceived to be the only way of reducing these costs since you are sharing the risk with other people. Below are the three critical questions that you should ask before picking a health insurance plan from any provider such as San Marcos Insurance Group.

What Does the Insurance Plan Cover?

It is essential to track what the insurance covers since the services offered will determine how much you will be paying as insurance premiums. Keep in mind that various health insurance plans may cover various kinds of medical care. However, most insurance plans sold to Chandler, AZ residents and businesses cover the following ten essential health benefits:

  • Laboratory tests
  • Emergency services
  • Prescription drugs
  • Pediatric services which should include vision and dental care
  • Rehabilitation services
  • Preventive medical services such as immunization and  proper management of chronic diseases
  • Maternity and Newborn care
  • Hospitalization
  • Mental health and drug-abuse treatment
  • Outpatient care

Can You Keep Your Same Doctor?

Every insurance provider including San Marcos Insurance Group has its network of hospitals, doctors, laboratories, pharmacies, etc. there is usually a contract between the insurance provider and the health providers, and if your doctor isn’t in their network, the insurance may fail to cover the bill. So if there is any specific doctor that you want to be seeing, make sure that they are included in the provider’s network.

What Is the Cost of the Plan?

You should consider the following two factors when looking at the price of a health insurance plan:

  • The amount of money that you will pay out of your personal finances when you receive the necessary medical care. The amount is usually reflected as a permutation of copay, coinsurance, and deductibles.
  • The amount you will pay to the insurance provider for your health plan. This is what is referred to as the premiums.

If you have a chronic condition that is expensive to manage or you have a pre- planned medical procedure, then you should consider a health plan with a increased premium but which covers most of your cost.

Do you want to learn more about health insurance plan? Contact us today for more details.

What Is The Right Kind Of Life Insurance For Me?

There are a wide variety of life insurance policies available today, the most basic being term insurance and permanent insurance. Within these two categories, however, there are several different types of policies to choose from. Familiarizing yourself with the differences can help you better customize the specific coverage to meet you and your family’s unique needs. Here are some guidelines to help you determine which is your best life insurance option.

Term Life Insurance

Term life insurance is the most basic type of life insurance, as it offers only death benefit protection and doesn’t build up cash value within the policy. Term life insurance is generally very affordable, especially if you are young and in good health at the time you apply for coverage. Coverage is purchased for a set length of time, such as ten, 15, 20, 25, 30 or more years. Many insurance carriers offer a 1-year renewable term option. The premium amount typically remains the same while the policy in force. Once the coverage expires, you will need to re-qualify for a new policy at your current heath status and age to continue coverage, generally at a much higher rate, however, some policies may offer the option to convert to a permanent life insurance plan. If your financial needs may change, you can purchase a “convertible” term policy, which allows you to convert it to permanent insurance coverage without a medical examination in exchange for a higher premium.

Permanent Life Insurance

Permanent life insurance offers death benefit protection as well as cash value. Unlike term life insurance, it doesn’t have a time limit and is intended to last for the remainder of the insured’s life, as long as the premium is paid.  There are several different types of permanent life insurance:

  • Whole Life Insurance – The most simple permanent life insurance coverage. The premium amount it set for the entire length of the policy, no matter your eventual age or health. The cash value component grows on a tax-deferred basis, can be withdrawn at will, and is only taxed when withdrawn. Some policies include tax-deferred dividends as well. 
  • Universal Life Insurance – More flexible than whole life, you can choose how much of your policy goes toward the death benefit and the policy’s cash value. Cash can be withdrawn for a variety of reasons, including debt payoff, retirement income or vacations.  
  • Variable and Variable Universal Life Insurance – Offer a variety of different options for investment, such as equities or mutual funds. They have the possibility of growing more quickly, but also can be more at risk depending on the movement of the market. 
  • Survivorship Life Insurance – Covers more than one person. With a “first to die” policy, the coverage pays out when the first person dies. “Last to die” policies pay out when the second covered person passes away. This coverage may be less expensive than separate policies, especially if one of the people is in good health.  
  • Final Expense Life Insurance – Also known as “burial insurance”, this coverage is typically purchased by seniors between the age of 50 and 85. This coverage ensures that your survivors aren’t burdened by costs related to your burial, such as headstone, flowers, and memorial services. 
  • No Medical Exam Life Insurance – Doesn’t require a medical examination during the underwriting process, but is generally more expensive. 

Do you have questions about your life insurance needs? San Marcos Insurance Group is here to answer all your questions and point you in the right direction. Give us a call if you live in Chandler, AZ, and want more information about which life insurance policy will best serve you and your family’s needs best.   

Commercial Insurance

Businesses benefit from insurance, in crisis situations, which threatens its existence.  Also, your landlord may require coverages to protect the landlord’s property. San Marcos Insurance Group Chandler, AZ will take care of your business, protecting you and your clients or customers.   

Business Owner’s Policy

This policy is your Business-saver insurances which is a combination of general liability and property insurance.  General liability will cover injuries to third persons on your property but no injuries to employees.  If there is a personal injury including damage to one’s reputation to a client or customer or the business, the General liability insurance will cover:

*   Lawyers’ fees.
*    The damages you owe the client.
*    The client’s or customer’s medical bills.
*    Any and other lawsuit costs.

It there fires your property insurance will cover all business property which would include desks,  chairs, computers, and any business fixtures. General liability does not cover:

* Damage to your property.
*  Employee injuries.
*  Employment disputes.
*  Damage to your vehicles.
*  Professional mistakes.

Fidelity and Crime Insurance
Covers employee fraud and dishonesty

Business Car Insurance
Business purpose only

Workers Compensation Insurance
Arizona’s Workers Compensation legislation is based upon  "no-fault" regulations.  "No-fault"  means that if an employee is injured on the job, it does not make a difference as to who caused the injury or if the damage was caused by the injured worker’s bad performance.  The injured worker cannot make a legal claim to a court and file a lawsuit against his employer, or another employee.  The compensation for the employee’s injury is limited by the rules and regulations of the Workers Compensation payment rates.

San Marcos Insurance Group Chandler, AZ, our staff is experts in this area of business or commercial insurance.  Please call!

Cosmetic vs. Reconstructive Surgery

Definitions of something vary from person to person.  The way we define something will make or break a decision, goal, or plan.  It can be the deciding factor in whether an insurance approves a claim or prior authorization.  When we define cosmetic and reconstructive surgery we can see how different they are.  San Marcos Insurance Group wants to help by providing these definitions to residents in Chandler, AZ. 

Cosmetic Surgery

Cosmetic surgery is a group of procedures or techniques which focuses on improving a person’s appearance.   Surgery usually focuses on the head, neck, and body.  The goal is usually to improve aesthetic appeal and to improve confidence. 

When we look in the mirror we hope to see faces and bodies that are symmetrical and in proportion with the rest of your body.  When these things are lacking we might opt to visit a cosmetic surgeon.  It is important to know that these types of procedures are not something that insurance covers. 

Reconstructive Surgery

Reconstructive surgery is also known as plastic surgery and is done when there is damage to the body or face due to birth defect, injury, or trauma.  Surgery is meant to correct the affected body part and restore function to the area.  One such example of a reconstructive surgery is surgery to correct a cleft lip or cleft palate.  When there is a need for reconstructive surgery insurance normally pays.

San Marcos Insurance Group knows that there is a lot do and see in Chandler, AZ so they want you to feel free to call or email if you have any questions about these definitions.  

3 Tips for Buying Home Insurance in Chandler, AZ

Chandler, AZ is a beautiful suburb of Phoenix, the Valley of the Sun.  It is a thriving city within a city that attracts people from all over the state and beyond.  If you live in Chandler, AZ or are thinking of moving there, here are three tips to help you buy home insurance for your property.

1.  Bundling

Do you have auto insurance? Boat insurance? RV insurance? If you have one or more of these kinds of policies then you can bundle your home insurance with them to get extra savings.  Insurance companies love to reward loyalty and by putting your trust in them to protect your home, your car, and your toys, they will reward you with savings.  

2.  Compare Quotes

When it comes time to purchase a new home insurance policy, it’s best to compare at least two quotes.  Don’t be impulsive when it comes to protecting your home.  All insurance policies are not equal and you need to take your time examining the details before making a decision.  

3.  Work with a Reputable Agent

It pays to work with an agent who has an excellent reputation for customer service. Their expertise really is priceless and will make the process of purchasing home insurance stress free.  They will help you understand and compare quotes from different insurance agencies and help you make the best decision for your particular home insurance needs.  On top of all that, they will also help you find ways to save money.  

Agents at San Marcos Insurance Group know home insurance like the back of their hands.  They are standing by and ready to answer all of your questions about getting home insurance in Chandler, AZ. To reach an agent at San Marcos Insurance group call 480-899-6633 today.