Life Insurance as a Retirement Asset

When you think of retirement, you probably think of your individual retirement account (IRA). Perhaps you’ve also put money into stocks and bonds. JC Demo Insurance Group of Matthews, NC, can offer you another way to save for retirement – life insurance.

Life insurance offers far more than just a death benefit to your beneficiary. You can purchase a life insurance policy that includes a cash value account. This type of savings account deposits a portion of each premium after paying the primary policy. Once you accrue funds in the account, the company invests it with other accounts like it.

The difference between opening a savings account yourself and doing it through the life insurance policy comes down to risk. If you open a savings account at a bank and invest the money yourself, you risk losing it to the stock market. However, when you use the life insurance policy method, the insurance company typically includes a provision that you’ll retain at least the amount invested from savings. Some accounts guarantee a minimum annual payment of a specific percentage, for example, two percent. You can earn more on the savings/investment account, but you can’t lose money.

Most cash-value accounts use a stock index, such as Standard & Poor’s, to calculate the payments. If the market does well, you earn more on the invested amount, which keeps growing throughout the life of your whole life policy. Every month when you pay your premium, part of it goes into the account.

Using a life insurance policy with a cash value account lets you provide for your beneficiary in case of your death while saving for your retirement with investments. Contact JC Demo Insurance Group, serving Matthews, NC, for more information on how to use life insurance for your retirement.

Documents you should always carry in your vehicle

Driving is a privilege, not a right, and you need to follow the laws in your state, in this case, North Carolina, when you get into a vehicle to drive. At JC Demo Insurance Group in Matthews, NC, we have been helping residents find the right insurance products for over 20 years. As independent insurance agents, we work for our customers, not for the big insurance companies, and we strive to personalize your insurance experience. 

Driver’s license

You must have a driver’s license to drive in North Carolina. You should always have one on your person, which will place it in the vehicle when you are in the vehicle. If a police officer asks to see your license, ensure it is where you can quickly produce it if necessary. 

Registration

Your vehicle needs to be registered with the state to be on the road. You must also pay for your personal property vehicle tax, which you can do simultaneously to register your car. If you don’t register your vehicle, you will be breaking the law, and you will have to pay more for both the tax and the registration if you pay it late. If you are caught without registration, you could face a fine. You must also ensure your vehicle has a safety and emission test before registration. 

Insurance card

Your vehicle must have basic auto insurance to drive in North Carolina. When you get your policy renewal, it comes with insurance cards that must be kept in your vehicle at all times. If you lose one, you can usually print them out on the insurance company’s website. 

If you have all three documents in your vehicle, you are good to go. 

In Matthews, NC, contact JC Demo Insurance Group for all your auto insurance needs. 

What natural hazards does flood insurance cover?

It might sound like we just asked a trick question, but at JC Demo Insurance Group, our customers sometimes ask, “What natural hazards does flood insurance cover?” and that’s a great question.

Primary and Secondary Hazards

Floods don’t happen by themselves in Matthews, NC, or anywhere else. It’s considered a secondary hazard because something else has to occur for a flood to happen. A few examples include:

  • Thunderstorm
  • Hurricane
  • Extended Rain Storms

Flood insurance covers any rising water flood. That means the flood insurance policy covers the damage of storms or leaks causing the water to build up or rise.

Although they less frequently cause floods, snowmelt and hail can also cause or contribute to floods. In these situations, flood insurance provides coverage.

Man-made Hazards

Artificial hazards sometimes receive coverage, too. If a dam breaks or overtops and causes a flood, your flood insurance covers the damage to your property.

So, what doesn’t flood insurance cover?

Home Mechanical Issues Aren’t Covered.

If your pipes burst, your home insurance covers that type of flood. The same policy covers the washing machine or water heater flooding. Your flood insurance does not cover this type of flood.

If lightning strikes your home and fire destroys part of the roof, letting rain into the attic or living areas, your insurance also covers that. In most cases, that comes from your home insurance, though.

The great news is that regardless of what situation causes the flood, so long as you purchase your home insurance and add a flood policy, you will own insurance covering every possible flood type.

Contact Us

Contact JC Demo Insurance Group serving Matthews, NC for more information on flood insurance and how it can help protect your home from the inevitable.

How Life Insurance Can Protect Your Family

Life insurance offers protection to your family financially if one of you passes away. It can also be used to provide for your kids if you have difficulty handling your money. The insurance coverage is generally cheaper than raising children on your own. It can help guard against significant financial losses such as a job loss or an unexpected health condition. It can also provide financial protection when you can’t work and need extra help paying bills. 

When to consider Life Insurance 

You should purchase the insurance cover when you are financially capable of making decisions. If you are between 20 and 40, start thinking about it. The best time to start shopping for life insurance is when you have a solid net worth and feel like you can afford to put some money away each month. When considering life insurance, please don’t limit yourself to looking at the cost of the policy versus not buying it. Please focus on the cost of not having the policy and its benefit. JC Demo Insurance Group can help with tips. 

Life insurance for seniors 

In today’s world, seniors are more vulnerable than ever. They may have trouble getting around, have a limited income, and struggle with a long list of health issues. When considering how best to protect your loved ones against future expenses, it’s essential to consider how much they still have left in the bank.

A life insurance policy can help you cover expenses in case of an accident or health problem and provide for your loved one in the event of a death. To get the best coverage for your money, it’s important to do your research and find a company that offers a variety of options, such as term and universal life. 

Bottomline 

There is much information to absorb and many things you should know about life insurance. It’s always wise to have a plan if something unexpected happens. Even if you have enough money to cover it, life insurance can help soften the blow if you had a fall and break your hip. Do you need life insurance policy help? JC Demo Insurance Group in Matthews, NC can help.

Does my business have to be a certain size for commercial insurance?

Most business owners have a strong interest in protecting their business and its assets. This type of protection usually comes in the form of commercial insurance. Fortunately, business owners have the option to invest in insurance coverage that protects their business and its assets, regardless of the size. Our JC Demo Insurance Group team is invested in helping Matthews, NC business owners get the commercial insurance they need. 

What is Commercial Insurance?

Commercial or business insurance is designed to financially protect your business, regardless of its size, from a wide variety of situations and circumstances. Commercial insurance protects your business from risks like lawsuits, customer/employee injuries, property damage, theft, and a wide variety of unforeseen situations. 

Are there Eligibility Requirements for Commercial Insurance?

As a business owner, you don’t have to own a particular size business to be eligible for business or commercial insurance. Any business owner can invest in commercial insurance. Some types of commercial insurance may be a legal requirement depending on the type of business you run and the state you live in. Commercial insurance is a requirement in some states. However, those requirements will vary from state to state. More importantly, the type of commercial insurance you invest in should depend on what your business needs. A one-size-fits-all approach to commercial insurance isn’t recommended. Our team at JC Demo Insurance Group can discuss your business needs and any state legal requirements and make recommendations regarding the coverage you need. Most commonly, businesses need liability insurance that can cover various situations. Also, if you own a business with employees, workers’ compensation may likely be a requirement. 

Most businesses would be unprepared to pay for unexpected events, property damage, and many other disasters out of pocket. This is the primary reason why commercial insurance is a good idea. If you have questions about commercial insurance, give us a call. We’d be happy to answer any questions you may have. 

Protect your home with proper tree maintenance

Matthews, NC area homeowners turn to the professional and helpful team at JC Demo Insurance Group for all of their insurance needs. If you are in the area and need an insurance partner to help you protect your lifestyle, give us a call today!

Benefits of proper tree maintenance

A lot of storm damage occurs in our area due to high wind. Wind and water can cause a lot of damage, especially for folks who have a lot of trees on their property or near their house.

This is just one reason why proper tree maintenance is so important. During windy storms or those with lightning, the trees near your house can potentially cause a lot of damage. 

When you remove all dead trees from your property, you are taking an important step in keeping your home protected. Dead limbs can quickly come dislodged during a significant storm. When this happens, they can become projectiles that can cause some severe damage. And, because of high winds, these branches can also cause damage to your neighbor’s home.

To avoid such damage to your home or those of your neighbors’, it’s important to take care of your trees. Keeping all branches trimmed and away from the house can help you minimize the chance of damage during the next storm.

If you want other tips on how regular home maintenance can help protect your house, give us a call and find out more. 

We are here to help you protect your home!

The JC Demo Insurance Group team is proud to serve our friends and neighbors in the greater Matthews, NC area. If you need some help with your insurance needs, give us a call or stop by today!

Does your auto policy provide coverage while your car is in the shop?

Matthews, NC area residents turn to the team at JC Demo Insurance Group for their auto insurance needs. If you aren’t sure if your current policy meets your needs, or if you’re planning to buy a new car, give us a call today! We can help you ensure you’ve got the right policies for your situation.

Protect your car wherever it is

We all need our cars to get through our daily lives. And, when our vehicles are in the shop, it can be a stressful experience trying to get by without transportation. If your car is being repaired, you will still need to protect it from damage and theft. Ensure that your auto insurance provides protection wherever your vehicle may be.

  • Even when your car is in the shop, it can still be damaged. It is not unheard of for cars to be stolen from repair shops. It is also possible for your vehicle to be damaged even while being repaired.
  • In addition to providing protection to your vehicle, some auto policies will also offer reimbursement for rental cars. If your car is being repaired or replaced due to a covered event, take a look at your policy to see if it includes reimbursement for rental car expenses.
  • Don’t let vehicle damage disrupt your life any more than it needs to. Get the protection you need today.

We are here to help!

JC Demo Insurance Group is here for the greater Matthews, NC community. If you have any insurance-related questions or concerns, we are here to help! Give us a call or stop by our office today to learn more about the auto policy options available in our area.

Check your homeowner’s policy before you begin your renovation project

Matthews, NC area residents can rely on JC Demo Insurance Group. If you are planning a major project in your home in the near future, make sure that your current homeowner’s policy provides the protection you need for the increased risk. 

Be sure you have the right insurance in place prior to starting your project

Owning a home can bring both great joy and a lot of responsibility. If you are planning to undergo a major project, be sure to give your homeowner’s policy a review before you get started. Having contractors work in your home increases your liability and you will want to make sure that you have adequate protection in place before the project begins.

In addition to double-checking your contractor’s insurance, you will want to check your own policy too. Make sure that you have the liability coverage you need in case something goes wrong during the project and someone is injured. Another consideration to make is the increased value of your home once the project is complete.

When you sit down with your agent to review your policy, you may also want to discuss how the project is going to affect your home’s overall value. Many times, a kitchen remodel or similar project can have a significant impact on the value of your home. You will want to make sure that your homeowner’s policy keeps up with this new value.

Give us a call today!

We want all of our friends and neighbors in the greater Matthews, NC area to have the insurance protection they need. You can rely on JC Demo Insurance Group! If you want to find out more about protecting your home, give us a call today. We look forward to working with you!

Auto insurance policy features available in NC

When it comes to auto insurance, residents in the greater Matthews, NC area can count on the team at JC Demo Insurance Group. There are so many great features now available when it comes to auto policies, it may be time for an upgrade!

Popular auto insurance features

When it comes to auto insurance, there have been a lot of changes recently! In addition to the protection that you can get for collision and liability, there are also a number of great features that are available to drivers in North Carolina.

For example, there is no need to have a third-party roadside assistance service when you can have that service included in your policy. There are also benefits available, like bundling and safe driver discounts. Some insurance providers even offer decreasing premiums. This means that as you extend your safe driving record, your premiums can decrease over time. 

It only makes sense to review the many features that are now available to see which are appealing to you. Safe drivers can really reap some great rewards when they choose a policy that rewards them for a clean driving record. Who wouldn’t want to see their auto insurance premium decrease all the way to zero?

When you work with a local agent who understands your needs, you will be more likely to find a policy that is a great fit for your needs. Choosing your auto policy over the computer is not always the best way to go.

Find out more today!

Matthews, NC area drivers may be surprised by all of the features that are now available with auto policies. If you would like to learn more, give the team at JC Demo Insurance Group a call today. We look forward to working with you!

Life Insurance Myths Exposed

JC Demo Insurance Group serves the Matthews, NC community, as well as the surrounding areas. We have an established track record of helping our clients find the coverage they need to protect their assets. We proudly serve the community as an independent agency. This allows us to offer policies that grow along with our clients as their lives change. We look forward to helping you with your insurance needs.

Life Insurance Myths Exposed

At some point, everyone has to start making plans for the future. Thinking about the future is often uncomfortable. Life insurance can help you put things in place for your loved ones after you have passed away. Life insurance can help your loved ones give you a proper funeral and settle your personal affairs. If you are a business owner in Matthews, NC, life insurance can help you turn over your business to your loved ones without any complications. You can also use the policy to help secure your children’s future. While researching life insurance policies, pay attention to these common life insurance risks.

I Don’t Need Coverage Because I’m Single

Even if you are unmarried with no children, life insurance is still an asset. For example, it can help your loved ones take care of your home or vehicle.

Life Insurance Isn’t Necessary Because I Stay At Home

Even if you are a stay-at-home parent, life insurance is an asset because it allows you to put something in place so that your loved one can take over your role with care, transportation, and other services that you performed. Life insurance helps ensure that things continue to function somewhat smoothly during the grieving process.

JC Demo Insurance Group Will Help You Cover Your Assets

Visit our website to learn more information about life insurance.