Employer Provided Insurance - Is It Enough?

Say you work for a company that offers all employees life insurance. The rates seem low; some may even be free. You feel protected because your job provides you with life insurance benefits. But how much coverage is enough coverage?

Don't forget the cautionary tale of the unfortunate husband and father who left his family financially burdened, leaving behind just 30,000 in benefits from the company policy given to him at work. Had he purchased an additional individual policy, his wife and children would have received enough to provide them with basic care for decades. Remember that employer-provided death benefits often neglect to include commissions, bonuses, and retirement contributions.

If you lose your job for whatever reason-- the company closes, you change jobs, or even switch from full-time to part-time-- your insurance benefits go out the window! Most people don't plan for an alternative coverage option in these cases, but it's important to make sure you're covered no matter what. Another similar issue to this one is job loss due to a sudden medical condition that would keep you from working... just when you need insurance the most.

Taking advantage of any free or inexpensive insurance offered to you by your employer is great, but should it be your only source of life insurance? Probably not. Jobs can be fleeting, and life can change forever in an instant. Remember to buy young, at your healthiest, when insurance premiums are lowest.

With an individual or family plan through B&B Insurance, you're always covered, no matter what your situation may be.

Who Needs Life Insurance?

While nothing is more uncertain

than a single life,

nothing is more certain

than the average duration of a thousand lives.

-Elizur Wright (1804-1885, American mathematician “Father of Life Insurance” for his pioneering work)

The prospect of purchasing a life insurance policy rarely crosses young minds. You're just starting out in life with a picture of perfect health. Life insurance is for someone else, someone older; possibly ill, or whose health is visibly degenerating. But in the event of the unthinkable occurring, is your family secured? If anyone depends on you... a husband, a wife, child, parents, siblings, or any relative... you need life insurance.

Life insurance is a legal contract that promises a payout to certain beneficiaries in the event of the untimely demise of the insured, usually a lump sum payment. Often, exclusions are written in for death under specific circumstances, such as suicide and war. Costs can depend on the health of the insured; whether they smoke, or have any preexisting conditions. Members of young families are the perfect candidates for a life policy. Tragically, they are all too often the last ones who think they need a policy. A couple of stories come to mind, all stellar examples of the huge impact life insurance can have on a number of lives.

Click here to request a free quote. No strings attached. We are a private company based in Lantana, Florida. Our insurance professionals are always there to listen to you and understand your needs.

Click here if you're interested in reading about the history of life insurance, and here for a few choice heart warming insurance stories.

Choosing the Right Insurance Company

Choosing the right insurance company is a big decision. Located in Lantana, Florida, B & B Insurance offers all types of insurance policies under one roof. We provide a convenient way to shop for insurance because you can ask us questions about all of your insurance needs. Here in the B & B family, you can manage all of your payments and policies with one company.

Our friendly customer service will greet you with enthusiasm and care. They are available to speak to you around the clock, and their primary concern is to get you in touch with the correct person who can help with your specific needs. Our friendly staff is a well-known characteristic of our company, and we take pride in providing you with the personal attention you deserve.

We’re a privately owned, independent company, and our customers are very important to us. We are looking forward to listening to you and understanding your needs. After presenting you with several options, we will work together to find the insurance policy that’s right for you. Give us a call to explore your insurance options today at 561-586-0029.

12 Insurance Myths to Avoid

There's nothing worse than assuming you've put everything in place to protect your assets only to discover you were misguided. In the case of insurance sometimes we look to those closest to us for advice. Over the years we collect bits and pieces of information, some valid and some flawed. Use this article to fact check your own beliefs about insurance.

Sometimes friends and family members offer bad advice, including tenuous, illogical and even illegal strategies, hoping to save you a few bucks. But the eventual losses can be huge. "When people shop for insurance, a lot of times they're looking for the best deal," says Ron Reitz, an independent insurance adjuster and president of Quality Claims Management in San Diego. We asked some insurance veterans about the bad advice they've heard over the years. Here's what makes them cringe. 

— MSN Money

Visit Our Online Insurance Resource Hub

Navigate your way through the maze of insurance with our Insurance Resource Hub. A place created specifically to break down the walls of inundated information regarding the most important decisions of your life. Sometimes reading through the fine print can be difficult and that's where we step in.Contact our insurance experts for help with your insurance needs.

A life insurance policy protects your family financially if you or your spouse dies. Insurance companies understand that life is constantly changing, so there are a variety of life insurance policies to meet your changing needs. Because many families depend on two incomes just to make ends meet, insurance companies offer policies that can insure more than one person, protecting the total family income.

— Insurance Resources

2 Things to Know Before Purchasing Health Insurance

Pre-existing conditions and time limits on policies can greatly impact the overall cost of health insurance. Be sure you're equipped with the proper information regarding your coverage. Some insurance policies put a time limit on illnesses and injuries. In that case, after the benefit period for a condition has expired, you must pay for continuing the treatment of the illness on actual cost basis, even if you are still insured by the company. Many insurance policies do not cover pre-existing conditions. If you arrive with a condition that will require medical attention, verify the pre-existing aspect of the policy that you are reviewing.

Understanding Deductibles...

Are you muddling over health insurance options? Are you confused with the insurance industry's terminology and lethargic contracts? We've published free resources to help you navigate the health insurance process. Most insurance policies require you to cover part of your health expenses yourself . The portion covered out of your own pocket is called the "deductible". This money requirement is paid before the company pays anything. Under some policies the deductible is annual, and you pay only once each year if you use the insurance. Under others, you pay the deductible each time you have an illness or injury. In choosing insurance, you should think carefully about how much you can afford to pay out of your own pocket each time you are sick or injured, and weigh the deductible against the premium before you decide. If you have questions about health insurance we're here to help.We can assist you in finding the right coverage for you at the right cost for your pockets. Visit our Health Insurance Resource page for more information on health coverage.

Insurance Tips: Ways to Save on Auto Insurance

The requirements of auto insurance vary from state to state. Some states demand more coverage than others.  Before purchasing auto insurance be sure to check the legal requirements in your state and read these tips on how to save on Auto Insurance.

Ways to Save on Auto Insurance
-Keep your driving record clean. The more faults you make, the higher the premium.
- Installing security devices such as car alarms, air bags, and other safety devices will generally lower your premium.
-Raising your deductible can help you lower your premium amount. But you should be ready to pay more out-of-pocket if you meet with an accident.

Insurance Tips: Tips to Save on Homeowner's Insurance

For many families their home is consider their largest asset and protecting that asset is imperative to their future. There are many ways to save on the rising cost of protecting your home. Check out these tips on lowering the cost of homeowner's insurance.

Tips to Save on Homeowner's Insurance
-You must speak to a reliable insurance expert to know how much coverage you need.
-There is no need to pay excess amount if you know what is essential to be covered under a homeowner’s insurance policy.
-Install electronic security alarms to reduce the cost of insurance.
-Ask for a deductible if your home is made of fire resistant material.

Insurance Tips: Ways to Save on Life Insurance

Having the proper life insurance policy is the foundation for building a solid financial house for you and your family. Contrary to popular belief buying life insurance doesn't have to be extremely expensive. Having the right resources and the right timing can make a huge difference in your monthly and annual life insurance costs. Utilize these tips to get the policy you need with an affordable premium.

Ways to Save on Life Insurance:
 -Buy Life Insurance when you are young
 -Buy the right amount of coverage and the right length of Term Life Insurance
 -Make sure you deal with a licensed provider who covers all underwriting criteria in case you fall under one or more risk factors
 -Ask for discounts if you intend to pay your premium annually, or monthly via electronic fund transfer
 -Review your Life Insurance policy at regular intervals

Property Insurance Pitfalls: Do I need insurance?

Many U.S. state laws require some form of insurance. The specific coverage and policy demands vary from state to state. Fortunately, insurance policies are often offered n bundled packages, saving the policy holder money over the course of time. Be sure to gather all of the details regarding your policies and gain clarity if you are unaware of the requirements held in your state.

Property Insurance Pitfalls: Additional Coverage

Knowing the specifics concerning our additional property insurance coverage can help you sleep better at night. Depending on your state of residence various rules may apply to your policy. In some states home base businesses are not commonly included in coverage. Additionally, if you own multiple homes for vacationing and seasonal travel higher premiums may be applied to cover vacancy.