Insurance Ballston Spa NY

Insurance is a form of risk management, where one party pays another to hedge against some type of loss. Insurance policies can be purchased for a number of different uses and to protect against a variety of losses. Life insurance, auto insurance homeowners insurance, and health insurance are some of the most common types that people pay for. In these instances people are hedging against sickness and loss of life as well as damage and destruction of property at the hands of others. There are differing laws throughout the country that govern the necessity of having certain types of insurance.

DOUG NEIL INSURANCE AGENCY
(518) 783-3311
952 TROY SCHENECTADY ROAD
LATHAM, NY
 
D & F Agency, Inc.
(212) 206-0494
261 5th Avenue
New York, NY
Alternate Phone Number
(212) 206-0494
Services
Life Insurance, car Insurance, auto Insurance, home Insurance

State Farm Insurance/Scherrer, Martin
(716) 876-4767
2161 Sheridan Dr
Buffalo, NY
 
Todays Medicare Plans
(518) 698-7477
116 Strathmore Ln
Rochester, NY
 
Allstate Insurance - Al Buglione
(914) 667-0570
565 Gramatan Ave
Mount Vernon, NY
 
Crawford Insurance Agency
(518) 783-2662
404 Troy-Schenectady Rd
Latham, NY
 
State Farm Agency/Sedgwick
(716) 282-5253
2201 Pine Ave
Niagara Falls, NY
 
First Niagara Risk Management Inc,-Canal View
(585) 546-3747
777 Canal View Blvd. Suite 100
Rochester, NY
 
Hilb Rogal & Hobbs of Upstate New York, LLC
(716) 856-1100 ext. 104
344 Delaware Ave.
Buffalo, NY
 
Abatelli Insurance
(718) 352-6000
2455 Francis Lewis Blvd
Whitestone, NY
Alternate Phone Number
718.352.6000
Services
Auto, Commercial & Homeowners Insurance

Insurance

Insurance


Term Insurance or Whole Life Insurance?
By Jonas Zamora
March 13, 2007
Jonas Zamora is a Certified Financial PlannerTM professional. You may contact him at jzamora@zacks.com

There are two main types of insurance – term and permanent/whole life insurance. For many, term insurance is a good route because it is the least expensive life insurance. Some folks like the many bells and whistles that go with permanent insurance along with life time coverage. Of course this makes whole life insurance more costly.

Term Insurance

Term insurance is the least expensive. Benefits are payable at death as long as it occurs during the term of the policy. Coverage is purchased at a specific price for a specific period – the length of period can range usually from one year to 30 years.

If you have certain expenses that need to be paid off during a certain period, term is the way to go. Such expenses, like your mortgage or college education for children, are great examples of this. Let’s say you have a 15-year mortgage and your debt is $250,000. You may consider a 15-year policy to protect your family for the amount you owe. Same thing if you have young children. Match up the amount of insurance you buy with your expected tuition bill. Keep in mind that you must adjust today’s college expenses for inflation.

Remember that term insurance is inexpensive because your coverage lasts for a limited time and there is no investment component. The money you save by purchasing term instead of whole life, however, could always go into your own investment account or disability insurance.

Whole life/Permanent Insurance

Permanent or whole life insurance is more expensive and it covers you whether you die today or when you’re....

Click here to read the rest of this article at Zacks.com

Home Insurance

Over the last decade, the inflation cost of construction has far outpaced other sectors of the economy. If your homeowner insurance policy has not kept pace, you may have a coverage gap to be concerned about. Additionally, property owners create another coverage shortage by not advising their agent about additions and alteration upgrades. Most homeowner insurance policies contain clauses requiring an Insured to notify the agent and or insurance company when a renovation or addition increases the property replacement cost. The company is only obligated to pay up to the replacement cost of the documented square footage. You, as the homeowner, would have to make up the difference.

Attribution: All Choice Insurance Agency INCORPORATED

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