When you are purchasing life insurance in Concord, North Carolina, you may pause when you reach the section regarding the beneficiary. The beneficiary is the individual who will receive the money when you pass away and many individuals list a spouse, child or other family member as the person who will receive the funds. Although it is common to list a family member, you may not be required to list family members if you have another individual in mind.

Listing Other Individuals

Life insurance is a great way to ensure that loved ones are financially secure after you pass away, but if you do not have any familial responsibilities or if you have another individual in mind, then you may want to write down the name of a different person.

The best solution is to ask your independent agent about the policy before you apply. In most cases, you can list another person as the beneficiary, even if they are not family members.

Groups or Organizations

Although you may assume that a beneficiary is a person, some insurers may allow you to list a charitable organization, a group or a company rather than a person. For example, if you want to leave money for your college to set up a scholarship program, then you may decide to leave the funds to your college.

When you are filling out the paperwork for your life insurance, it is not necessary to list a family member as the person who will receive the funds. You can list another person or even an organization through many insurers. If you are not sure about the process or you want to ask questions, then call us today to talk to an independent agent for more details.

When you first open up a business you take great care into making sure that nothing can damage or destroy your business. As the owner you may even take out a commercial insurance policy to protect against losses and lawsuits related to business exposures. If you are wondering if your commercial policy protects against pest like termites, then there are some things that you will want to know in Concord, North Carolina.

Does Your Commercial Insurance Policy Protect Against Pest Infestations or Other Perils?

• Any kind of insurance policy only protects from natural disasters. When a destructive pest invades your business in Charlotte or Matthews, North Carolina there is usually no benefits for this kind of peril.
• Another thing that is not covered by traditional insurance is natural wear and tear. Buildings and homes wear out with time. Your insurance will not cover this kind of damage.
• Termites are a pest that can affect many structures. When a building is sold are a home passes to a new owner there is usually a termite inspection done before the property can exchange hands.

If you own your business and are wondering what your commercial policy covers, then you will need to call your independent agent today. Commercial insurance policies can be built to cover your business completely. In order for you to have the benefits that you need, then call us today. As your agent we will be able to give you the information that you need to choose the coverage limits for your company. We can also answer any questions related to your commercial insurance policy.