Can You Have More Than One Life Insurance Policy in North Carolina?

Yes, you can have multiple life insurance policies in North Carolina. It is not only legal, many people do it. Life insurance is a flexible system where you invest what you want and where you want to invest it. 

Many employers offer life insurance through their benefits packages, with coverage that often isn’t more than $50,000. At JC Demo Insurance Group, we know how common it is for Matthews, NC residents to want to ladder life insurance policies. 

The Purpose of Life Insurance

The primary function of life insurance is to cover funeral costs and pay some bills. 

You may be concerned about other things that could happen in your life with your dependents and beneficiaries. In this case, you might consider additional life insurance policies.

Why Own Multiple Life Insurance Policies

There are a number of reasons why you might want to own a number of life insurance policies. You might need more coverage from an additional policy if you don’t like the limit on your work policy.

You might just want more coverage because you want more coverage. Maybe you have a new home or just had a child. 

You might also get more life insurance coverage if you think you will have a lot of debts when you pass away. You won’t want to leave those to your dependents or beneficiaries, because that will eat up a large portion of your life insurance. 

Many people also get additional coverage as an income replacement for their beneficiaries. If you have a special needs or disabled dependent, you may need some additional coverage.

Get a Quote

When you are looking for life insurance, know that, yes, it is possible to own multiple policies in Matthews, NC. At JC Demo Insurance Group, we want you to have the amount of life insurance that you need. If you want to update your existing policy or add a new policy to your portfolio, call us for a quote today.

Everything you need to know about commercial insurance

Commercial insurance, at its most basic level, is designed to keep businesses safe from hazards that could jeopardize their success. Commercial line coverage can be tailored to safeguard a company’s reputation, well-being, and financial status, as well as the individuals that work for it, depending on the policy. 

Commercial insurance, unlike personal insurance, can cover a variety of stakeholders and personnel. Commercial insurance varies from personal insurance in that it often has significantly greater coverage limits because the more tangible property is at stake. 

Commercial insurance agents, for example, our agents from JC Demo Insurance Group have received extensive training in the risks and challenges that firms face. Policies are frequently designed to meet the needs of a company’s specific industry and day-to-day operations. 

Types Of Commercial Insurance  

  • Business Liability insurance 
  • Commercial Property Insurance 
  • Workers’ Compensation Insurance
  • Commercial Auto Insurance
  • Business Income Insurance  
  • Commercial Umbrella Insurance
  • Crime Liability Insurance 

Benefits Of Having Commercial Insurance 

Running a business entails a certain amount of risk. 

Employees may get hurt on the job, clients may initiate lawsuits, and natural calamities may strike. 

It is critical that you obtain commercial insurance for your company for these and other reasons. 

The following are the top 8 advantages of having commercial insurance.

  • Provides coverage for physical injuries.
  • Provides coverage for property damage.
  • This policy protects you from the consequences of your advertising.
  • Assists in minimizing financial losses. 
  • Litigation and settlement coverage.
  • Assists in maintaining company continuity. 
  • Assists in risk-sharing. 
  • It safeguards the company’s image.

JC Demo Insurance Group provides very low commercial insurance coverage and has a lengthy track record of financial soundness and stability.

To discover more about JC Demo Insurance Group commercial insurance, visit our office in Matthews NC or call us today.