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.