Why Life Insurance Needs to Be a Part of Your Financial Portfolio

It is not uncommon for many people to overlook the value that life insurance can provide, not just as a protection for their families but also as a strong tool in their financial portfolios. Life insurance is appropriate for both individual and commercial insurance holders and can work to bolster the overall financial health of families and business interests. It is typically looked at as a way to protect one’s family in the event of their death; while this is the main benefit of life insurance, there are many more.

A whole life policy can potentially increase in value throughout the years thus creating an additional source of capital suitable for financing a college education, weddings, and other expensive life events. There are many different types of life insurance policies that are available that serve many different needs. There are certain life insurance policies that can also provide beneficial tax treatment to their holders and their families. In the commercial area, an insurance policy taken out of key personnel can help to minimize the effects of business interruptions that can occur with the loss of such employees and partners. Do not overlook this effective tool when you are putting your financial portfolio in place.

JC Demo Insurance Group, Inc. is proud to serve the insurance needs of the fine people in the greater Matthews, NC area, and we look forward to working with you too! If you are in need of personal or commercial insurance, we are here to help. If you are a resident of the greater Matthews, NC area and would like to know more about how life insurance can be an integral part of your financial portfolio, give  JC Demo Insurance Group, Inc. a call today!


Does Your Business Require Commercial Insurance?

The joy of having a successful business in North Carolina is fantastic. As you plan to expand the business to other cities, keep in mind that unforeseen circumstances such as the acts of God, lawsuits, theft, and fire can cause devastating consequences. JC Demo Insurance Group Inc. works with NC business community to manage such risks by providing commercial insurance coverage. 

If you are wondering if your business requires coverage, here is why:

Catastrophic Strikes
Unless your business is immune, you need commercial insurance. Catastrophes such as floods, tornadoes, hurricanes and fire strike when we least expect. Many companies have been closed forever due to such occurrences. 

Required by Law
If you have employees in your company, you are legally obliged to provide specific insurance covers. Some of them include workers compensation, disability coverage, and unemployment. Failure to have may lead to hefty fines, exclusion from most contracts and civil charges which are costly to bear.

Getting Sued 
We cannot shun the fact that we exist in a litigious society. One lawsuit can be devastating for your business. You may unknowingly cause an accident, breach a contract or disgruntle an employee and the next thing is appearing in court and boom, your business folds because of settlement and legal fees. 

Shows Credibility 
Let us be honest with each other. Business is a safe bet. The best way to showcase your safety, dedication, and care to your prospective customers or client is by having commercial insurance for your company. They will partner with your happily knowing that you have their back.

Attracts Employees 
Employees look beyond what meets the eye when looking for a job.  While you are protecting your business, they are also looking out for their interest. It’s all part of life. With commercial insurance, they know their interests are protected which helps you retain them once employed.  

Does your business require commercial insurance? Get in touch with JC Demo Insurance Group Inc. proudly serving North Carolina residents.