Life Insurance Coverage
What kind of Life insurance product fits your needs?
In a nutshell, Life insurance comes in two forms: Term insurance and Permanent insurance
Term vs. Permanent Insurance
Term insurance provides life coverage for a set period of time, for either death caused by an accident-only; or death caused by either accidental or natural death, and is usually less expensive than permanent life insurance. Term life provides the greatest amount of coverage for the lowest initial cost. It's a good choice for your temporary life insurance needs or if your funds are limited.
Permanent life insurance, which includes Whole Life and Universal Life, is useful when you want to cover a long-term life insurance need, such as income for a spouse, “inheritance” for children or end of life expenses. Permanent insurance usually initially costs more than term life insurance, but can accumulate cash value.
It's difficult to say exactly which kind of Life insurance is better to fit your needs, because the type of coverage that's right for you all depends on your individual circumstances and financial goals. Often, a combination of Term and Permanent insurance is the right solution.
Term Life Insurance
• Temporary coverage for your personal or business needs
• Renewable or convertible to permanent coverage
Whole Life Insurance
•Good for young adults just beginning an insurance program
•For families needing protection while saving for the future
•Cash value of a whole life policy accumulates at a guaranteed interest rate
Universal Life Insurance
•Options for timing and method of premium payment
•Tailor coverage to your personal needs
In the event that the unexpected, covered loss occurs, you have homeowners insurance options which can best protect your property and protection needs.
Maybe the home you’re looking to insure is only seasonal or secondary for you. Or it might be more difficult to insure because of a variety of reasons, such as cosmetics, age, low value, or issues with applicant background, including credit issues and previous insurance declines. In all these instances, Catherine can still offer you coverage options that can still protect your home.
Personal Property Coverage
Are your wedding bands or other valuables covered? What about your home entertainment system? Personal Property Coverage can make sure that these items and your personal belongings are protected.
Personal Liability Coverage
Are you protected if someone is injured on your property, for example, by a dog bite that could necessitate reconstructive surgery? Personal Liability provides protection in such an instance. It also extends financial protection to you should you cause an accident to or on someone else's property.
Flood insurance is a good buy, even in low or moderate risk areas.
The average victim takes many hours to restore their lives after identity theft. In addition to insurance coverage, Catherine can offer you options for Identity Shield which offers proactive monitoring tools, identity resolution services, travel assistance and document replacement, as well as preemptive education resources.
Mobile and Manufactured Homes
Catherine can help you insure a variety of home types. From mobile to manufactured, to multi-sectional to modular, and more, we can make sure that your home is protected.
This insurance options combines coverage for your personal property with personal liability insurance, for example, if in the event that someone is injured on your property or you damage your neighbor’s property. Give yourself the peace of mind of having your personal property and personal liability adequately covered and protected.
Personal Umbrella Liability Coverage
A Personal Umbrella Policy serves to shelter you from exceeding the limits in your coverage.
Applicants with Credit or Loss Problems
Having a loss on your record doesn’t mean it’s impossible to get insurance. Catherine can offer coverage options to applicants with credit or loss issues, including applicants who have been declined, cancelled or non-renewed by another insurance company.
You never know when someone might get hurt or have auto damage in an accident. You could stand to lose a lot if you are at fault. Liability Coverage provides protection up to your limit for others against financial loss if you are at fault.
Bodily Injury Coverage
This insurance coverage has policy options that cover medical expenses for the injured party or parties up to your per person and per accident limits when you are at fault in an auto accident.
Property Damage Coverage
Covers your liability for damaging another person's personal property, such as a fence or home.
While Collision Coverage is for accidents on the road, Comprehensive Auto insurance is for everything else that could damage your vehicle: fire, theft, floods, collision with an animal or bird, storms, riots, and earthquakes.
Whether it's icy roadways, a blind spot, or an uncontrolled intersection, Collision Coverage pays any amount more than your deductible to restore the damage done to your vehicle to factory new condition in the event of an accident.
Uninsured/Underinsured Motorist Coverage
On average 25% of drivers have no insurance and another 30% do not have enough insurance. Uninsured/Underinsured Motorist coverage provides liability coverage if an uninsured/underinsured motorist is at fault.
Optional/Add-on Equipment Coverage
Insurance for the enhancements you make to your vehicle, such as a TV screen, a DVD player, or a custom sound system.
At-Fault or No-Fault Coverage
Who pays for the damage done to your vehicle? It actually depends. If you live in a no-fault state, your insurance will cover you. If you live in an at-fault state, the 100% at-fault accident-causing party's insurance would cover you, up to their limits. Texas is an at-fault state. If the accident were determined to be partial at-fault of both drivers, the percentage of at-fault of the other driver up to their coverage limit would cover your damages, and the percentage of at-fault for you or a coverage drive would cover the other driver and auto, up to your coverage limit.
Auto Rental Service
Catherine can offer you a network of pre-screened, nationally-known, rental car companies that will provide free pickup and delivery, direct billing to your insurance company and an automatic deposit waiver (not available in all areas) while your vehicle is being repaired. Even in an accident at which you are at fault, Auto Rental Service provides service.
24/7 tow, lock out, jump start, flat tire changes, fuel delivery, and roadside winching for snow, mud, and ice. Just sign and drive, with no out-of-pocket payments, up to your coverage limit.
Glass Repair and Replacement
Enjoy convenient mobile response at your home, school, or wherever you are with 24/7 scheduling and a national lifetime warranty for as long as you own or lease a vehicle.
Personal Injury Protection (PIP) Coverage
PIP covers a broader range of medical costs than standard Medical Payments coverage. It covers lost wages and the replacement of the services of someone injured in an automobile accident.
Medical Payments Coverage
Under this insurance, medical bills and funeral expenses are covered should you or a covered family member be driving and if you or the covered and driving family member or your passenger be injured or killed in a vehicle accident.
You're on your way to the annual auto show, when someone rear-ends your classic 1957 Chevrolet. Fortunately, you had Collectible Auto insurance. The Collectible Auto Program has more features customized specifically for collectible car owners than a standard auto policy.
Catherine can offer a number of ways to customize your travel trailer insurance options, including comprehensive coverage, emergency express, stationery travel trailer, towing and roadside, emergency expenses, campsite/vacation liability, total loss replacement, and more.
It's time to get out on the open road. Now more than ever, you may be likely to choose a home on four wheels rather than on a permanent foundation. It's important to make sure that you and your home have the right protection no matter where you are.
Shield yourself from a number of troubles, such as being stranded without the shelter of an intact mobile residence. Save thousands of dollars with our Total Loss Replacement coverage option that lets you claim money for replacement parts at the original worth you paid, not the depreciated value after age and usage.
Schedule today your Free 30-Minute meeting today Catherine for consultation, policy reviews, quotes, or for enrollment and servicing by: in-person appointment at her home office or your office; virtual Zoom meeting; or via phone. You may schedule by submitting your contact information in the "Schedule an Appointment" field or by calling Catherine at 940-597-4757 or emailing her at: [email protected].