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.

How Whole Life Insurance Works

When you are shopping for life insurance, there are a number of different kinds. One of the most popular of these is the whole life policy. This policy is run very differently from a term life policy, and it comes with a number of helpful advantages. If you want to know more about whole life insurance or other types of life insurance policies, give us a call today at JC Demo Insurance Group in Matthews, NC.

Whole Life

Whole life insurance got its name from the amount of time the policy lasts. It will last for the rest of your life as long as you pay the premiums as agreed. This is very different from the set term that governs a term life insurance policy. With term insurance, you would have to try to renew your insurance, for a higher rate, after the term is over. 

Cash Value

One of the reasons that this type of insurance is so popular is that it builds up a cash value over time. Some of the money that you pay into the policy is invested, and your policy can earn a portion of the profits. This allows you to borrow the full cash value amount if you need to. This is especially helpful to have if you run into financial trouble and need a loan quickly. The amount that you borrow is paid back like any other loan. If you pass away before the loan is paid off, your death benefit will be lowered by that amount. 

Get Your Life Insurance Policy

It’s important for those around you that you have a good life insurance policy that will pay out a death benefit to your beneficiaries. To learn more about them, give us a call now at JC Demo Insurance Group in Matthews, NC.

Should you always get commercial insurance in North Carolina?

The Matthews, NC area has continued to be a great place to own and run a business. This area offers a lot of opportunity to those that want to build a business and have a strong local economy which offers a lot of support. If you would like to run a company here, you also need to get insurance for it. There are a few reasons that you should always get commercial coverage when you are here. 

Coverage Protects the Business

A key reason anyone here should get a commercial plan is so they can properly protect their business. If you want to run a business, you will need to find ways to mitigate your business risks. A commercial plan can be used to do just that. With this insurance, you will get coverage that can be used to repair or replace core assets or provide support if you are named in a liability claim. 

Coverage is a Requirement

You should also pursue a commercial plan as it can be a requirement for you to do so. If you are going to take out a business loan, raise money from investors, or sign a lease agreement, you are bound to have insurance requirements. Your commercial plan will give the right coverage needed to ensure you meet these requirements. 

As you are trying to build a business in the Matthews, NC area, you will continue to find having commercial coverage is very important. If you are interested in obtaining a plan here, calling the JC Demo Insurance Group is a good idea. The professionals with the JC Demo Insurance Group can offer the support that is needed to build a commercial plan. This will help ensure they remain fully covered at all times. 

Why should some people get life insurance in North Carolina?

When you are in the Matthews, NC area, you are going to have many insurance needs. A form of insurance that all people need to consider seriously is life insurance. When you have a life insurance plan, you can provide financial support to those that you care about. There are several reasons the typical person here should get this coverage.

Provide Financial Support

A key reason to have this coverage is so you are able to provide financial support to those that rely on you. If you have dependents or people that rely on you and your income, protecting their financial future should be a priority. With a proper life insurance plan, you will get the coverage that is needed to ensure their future financial costs are covered. You are able to build a plan that is personalized to meet their needs. 

Investment Benefits

You should also get life insurance as it can come with investment benefits. One life insurance option you can consider is whole life coverage. When you have a whole life plan, some of your monthly payments will go into an account and slowly build with value. It also accrues interest and is considered a low-risk investment. This can make whole life coverage a great addition to your full investment strategy. 

All people in the Matthews, NC area should take their life insurance needs seriously. As getting this coverage is important, understanding your needs and options is critical when it comes to picking a plan. By working with the JC Demo Insurance Group you can learn what you need to choose and the ideal plan. The JC Demo Insurance Group can help you carefully assess your needs and options and build a plan that is right for you and your situation. 

Do all business owners in North Carolina need to get commercial insurance?

The Matthews, NC area has continued to be a popular place for people to move to. This area has a growing economy, which can also make it an ideal location to start a small business. As you are looking to start a company in this area, you should also spend the time needed to assess your insurance needs. All business owners in this area of North Carolina will need to have commercial insurance for a few reasons. 

Coverage is a Requirement

A reason that a lot of business owners in this part of the state will need commercial insurance is that it is a requirement. Businesses in this area could be required by lenders, investors, landlords, and other parties to carry commercial insurance. Further, depending on the industry you are in, many savvy customers will want you to have proper insurance at all times due to the liability coverage you will receive. Getting this coverage can keep you in good standing with your requirements and help to protect your reputation.

Coverage Offers Valuable Support

Commercial insurance is also a necessity due to the valuable support that comes with it. A full commercial insurance plan offers both commercial asset protection and liability support. If your core business assets are ever lost or damaged, or you are named in a liability suit, this coverage can prove to be helpful. 

As you are evaluating your commercial insurance needs in the Matthews, NC area, you will want to call the team with the JC Demo Insurance Group. If you do call the JC Demo Insurance Group, you will learn a lot about your various insurance needs. The team can then provide any support needed to build a new insurance plan that will offer the right coverage and protection. 

Basic factors to consider when buying life insurance in Matthews, NC

 Essential factors to consider when buying life insurance in Matthews, NC

Buying life insurance is one of the best financial decisions you will ever make. The policy offers a perfect solution to your family’s future if you get proper coverage. But how do you know you’re on the right path?  At JC Demo Insurance Group, we recommend learning how the policy works before settling to buy. If it’s your first time buying life insurance in Matthews, NC, here are a few fundamental factors to consider when purchasing the policy.

Your life insurance needs

While personal needs keep changing as you grow older, most Matthews, NC residents buy life insurance to provide a financial boost to their families if they died. However, just because you don’t have a family doesn’t mean you can’t buy life insurance. There are many other reasons why you may want to buy the policy. For instance, if you’re going to cover your burial and funeral expenses or donate part of your wealth to charity, life insurance gives you that opportunity.

The type of policy for you

Once you know why you need life insurance, the next step is determining which type of insurance works for you. In most cases, you will need to choose between term life and whole life insurance. Term life insurance is designed to provide indemnity against events that can be financially stressful in the future.

Your budget

Money always comes into play when it comes to buying insurance. To get the most out of your policy, you can shop around and compare quotes from different companies before making a decision. Additionally, your insurance needs also dictate how much premium you will pay.

Your age and health

Age and health play a critical role in determining your premiums. Sometimes, they determine whether you can be insured or not. Typically, the healthier and younger you are, the lower the premiums.

Not sure which type of life insurance works for you? Let JC Demo Insurance Group guide you through the process. Our experienced team will assess your needs and find a policy that matches your budget, style, and needs. Call us today!

Is Commercial Insurance For Everyone?

Picking the right type of insurance can be challenging, especially when faced with multiple options. Commercial insurance within Matthews, NC, for instance, comes with various selections and may leave you wondering if it is something that your business needs. JC Demo Insurance Group takes you through the following guideline to help you decide if commercial insurance is for you.

How to Tell if Commercial Insurance Is for You

Do You Own a Business Vehicle?

Businesses that operate vehicles for work-related purposes are required to have commercial insurance. This means that if you regularly drive your employees to and from your Matthews NC premises or use your vehicle to transport business products, you will need commercial insurance. If the business also owns your vehicle, consider getting a commercial policy.

Do You Have Any Employees?

If you have one or more employees, commercial insurance will also come in handy. By carrying worker’s compensation insurance, your employees are guaranteed protection if they get injured. This will allow you to cater to any lost wages and medical expenses arising from any emergencies.

Does Your Business Carry High Risk?

Businesses with high risk will generally require commercial insurance more than those that carry a lower level of risk. This means that if your business provides services such as legal consultation, accounting services, or real estate work, commercial insurance will be ideal.

Is Your Business at Risk for Data Breaches?

Whether your business is online-based or operates a physical store, identity theft can occur at any time. This especially becomes a risk for businesses with low-security safeguards, with opportunists capitalizing on faulty systems. Data breaches often expose client information, employee records and can also result in loss of funds. Commercial insurance can help protect you against such emergencies, allowing you to rest assured that your business operations are intact.

If your business falls under any of the above categories, then commercial insurance is for you. For more information on how to protect your business, contact JC Demo Insurance Group today.

Will My Insurance Cover Me Out-of-State?

Taking a cross-country road trip? The good news, your auto insurance will cover you, everywhere from Matthews, NC to Juneau Alaska. If you carry valid auto insurance, you’re covered in all fifty states. You might or might not be covered when traveling to different countries. You’ll have to talk to your agent about that. But in the fifty states, you’re covered.

However, you won’t be covered forever if you’re moving somewhere. Once you’ve set up residence in another state, once you have bills being sent to your new address in your name, you’re going to want to call JC Demo Insurance Group about getting covered under a new policy.

Most auto insurance agencies are regional. They cover one or several cities, or a whole county, but usually only in one state. Of course, it makes no sense to buy a whole new insurance policy in a state where you’re just passing through, but if you’re going to be there a while, you’ll probably want to get a new insurance policy for your new residence.

If you’re always moving between homes, say you have one in Matthews, NC, and one in California, then things can get a little tricky and you might need to buy a policy in both states or work something out with your insurer. But as long as you’re just visiting, you’ll be covered.

If you have any questions or if you’re looking to get covered in Matthews, NC, get in touch with JC Demo Insurance Group. JC Demo Insurance Group can get you a good deal on a great policy so that you can drive safe no matter where you’re headed in the United States.

Why should I get a life insurance policy?

People that are in the Matthews, NC area need to spend time considering all of their personal insurance needs. One important form of insurance coverage that they need to get is life insurance. A full life insurance plan offers financial protection to your dependents. There are a few reasons why you need to get this insurance coverage when you are here. 

Protect Your Dependents

A key reason to get life insurance when you are here is that it can protect your dependents. When there are loved ones that rely on your and your financial resources, you need to make sure that they have financial resources if you happened to pass away. When you get a life insurance plan, you are able to build it to ensure they have the necessary protection to live the same lifestyle. 

Alternative Investment Option

You can also use life insurance to invest in your future. With whole life insurance, you will get the life insurance benefit to provide coverage and can also use the policy as an investment. With each payment, some of the money you spend will go into an account that will build in value slowly over time. Eventually, it can be liquidated and used for any purpose that you want. 

Getting life insurance is important for anyone that is in the Matthews, NC area. If you would like to learn more about your life insurance needs and options, it would be a good option for you to call JC Demo Insurance Group. Picking a quality insurance plan can seem very complicated and the team at JC Demo Insurance Group can make it easier for you. They are able to do this by assessing your needs and helping you build a plan that meets your needs.