Most people will want to leave something to their heirs when they’re gone. A great way to provide this financial assistance to your loved ones is to get a life insurance policy. These policies come in two main types: whole life and term life. Each has its pros and cons, and you need to know what each has to offer before you choose the right policy for you and your family. Call us at JC Demo Insurance Group in Matthews, NC to get your policy. 

The Length of the Policy

Whole and term life policies differ significantly in how long they stay in force. When you get a term life policy, it stays in effect for only the number of years written into it. This may be something like 20 years. After the policy ends, you are no longer insured. You have to seek out a new life policy. However, when you get a whole life policy, it has a very different period that is good. It stays in effect for your entire life no matter how old you become. Many people appreciate the simplicity of not having to get another policy later. 

The Cost of Your Policy

When you choose a term life policy, it costs less than a whole life policy. With term life, you lock in a low rate while you’re younger. As you age, you still pay that same price for your premiums. However, when you get a whole-life policy, it comes at a higher price. This type of insurance may not suit someone on a tight budget. The rate factors into the age you may attain, so it starts at a high rate and continues that way. 

Get Life Insurance 

No matter which one you choose, we can help. Call us at JC Demo Insurance Group in Matthews, NC. 

Commercial insurance is a crucial safeguard for businesses, protecting against various risks. Theft by employees can be a significant concern for business owners. Here’s more information from JC Demo Insurance Group, providing insurance to residents in the greater Matthews, NC area, about whether commercial insurance provides coverage for employee theft and what you can do to protect your business in such situations.

Coverage for Employee Theft

Commercial insurance policies often include coverage for theft committed by employees. This coverage is typically referred to as "Employee Theft" or "Employee Dishonesty" coverage. It can help reimburse the business for financial losses resulting from theft or fraudulent activities carried out by employees.

Limitations and Considerations

It’s essential to understand that employee theft coverage may have limitations. Policies may specify certain conditions, such as the discovery of theft within a specified time frame or requiring proof of the employee’s dishonesty. Additionally, coverage limits can vary, so it’s crucial to assess your business’s needs and choose an appropriate level of coverage.

Commercial insurance can indeed protect your business against theft committed by employees through Employee Theft or Employee Dishonesty coverage. However, the extent of coverage and limitations can vary from policy to policy, so it’s essential to carefully review your insurance contract and discuss your specific needs with your insurance provider. Properly addressing this potential risk can help safeguard your business’s financial stability and reputation. If you’re looking for a new commercial insurance policy that best meets your needs in the greater Matthews, NC area, reach out to JC Demo Insurance Group to find the policy that best meets your needs. Give us a call to get started.