How Whole Life Insurance Works

Most people need to have life insurance in place to protect their families from financial hardship. Most life insurance policies are either term or whole life policies. Whole life policies are popular because of the way they work and how they can benefit both the policyholder and the beneficiaries. If you want a whole life policy, give us a call at Client First Insurance Solutions in Americus, GA.

Paying Your Premiums

When you get a whole life policy, there will be a monthly premium to pay to keep the policy in place. This monthly payment is generally more than it would be with term life premiums, but these premiums keep the policy in place for as long as you want. Your premiums begin to build cash value after you have had the insurance for a few years. Paying your premiums also keeps the policy in place even as you get older. The company cannot cancel one of these policies as long as you continue to pay the premiums. 

Building Cash Value

The cash value that is built up over years of paying your premiums can be borrowed against. This is a cash value that you own and can borrow when you need to. The cash value will be less than the death benefit that is paid out upon death. Once you borrow against it, it works like a loan that you can make payments toward. If you don’t pay it all off before death, that amount will be deducted from your death benefit, and your beneficiaries will receive that new amount. 

Get Your Whole Life Policy

If you like the idea of having a pool of cash that you can access if you need to, you may want to choose a whole life insurance policy. Call us at Client First Insurance Solutions in Americus, GA.

Do You Have Enough Auto Insurance?

While you have faithfully been renewing your auto insurance coverage, it’s time to look back to see whether you are carrying adequate coverage to protect you when accidents happen. Being underinsured can cost you financially when the unthinkable occurs. And it’s not a good experience when you have been paying premiums, only to incur out-of-pocket expenses when perils strike. 

While we all make errors, the mother of all mistakes is failing to correct blunders while we still have time. For this reason, Client First Insurance Solutions of Americus, GA has taken time to guide you on how much auto insurance you should carry before it’s too late. 

Satisfy the state-required minimums

The first step in determining the amount of auto insurance you need is to ensure you cover the minimum requirements by your state. This compliance ensures you don’t incur unnecessary fines and penalties for non-compliance. 

How much liability insurance do you need? 

Georgia requires all drivers to buy at least $25,000 bodily injury coverage for one accident. But is this amount enough? A severe accident costs about $50,000 in medical expenses. Add property damages and lawsuits, and the expenses can be extremely prohibitive. 

For this reason, increase your liability coverage if you drive frequently or live in an accident-prone area. Better yet, you can invest in umbrella insurance to protect yourself when faced with significant liability claims.

Comprehensive and collision coverages

These coverages protect your car from physical damages or losses from numerous perils. But how much coverage should you buy? At the minimum, you need enough coverage to replace your vehicle if a total loss were to occur. 

The bottom line

When you carry the right amount of car insurance, you don’t have to worry about repairs, legal suits, and replacement costs when accidents happen. However, determining the right amount of auto coverage isn’t cut and dry. As such, you need a knowledgeable insurance agent to bail you out.

Fortunately, if you are in Americus, GA and its environs, you can partner with Client First Insurance Solutions for all your auto insurance needs. 

Does a business in Georgia need commercial insurance?

When looking to build and establish a new business, choosing the right location is very important. One location that offers a lot of opportunities for new business owners is the Americus, GA area. Those that want to go into business in this area should spend time ensuring they have the right insurance protection. Georgia businesses will need insurance for several reasons. 

Insurance is often a Third Party Requirement.

A key reason people here should get insurance for their business is that it is often a third-party requirement. Those who are going to start a company may enter into various agreements with other entities that could require you to get coverage. These agreements can include commercial leases, commercial loan agreements, and various investor partnership agreements. It is important to understand your insurance requirements and abide by those agreements. 

Insurance Protects Company

Even if you are not obligated to carry any insurance, it would still be wise to do so. A commercial insurance plan provides extremely beneficial coverage that can help to protect your business assets and ensure your liability risk is mitigated. During some otherwise challenging times, this can give your business some stability and protect your overall solvency.

A business that is in the Americus, GA area should always consider getting a commercial insurance plan. As you are looking for a new insurance plan in this area, speaking with the team at Client First Insurance Solutions is a good option. There are a lot of choices that need to be made when you are looking for commercial coverage. The team with Client First Insurance Solutions will help you properly evaluate your needs and options to ensure you pick the right plan for your situation. 

Kinds of Damage Home Insurance Won’t Cover

Before you buy your home insurance in Americus, GA, it is always important to consider what will be covered and what will not be covered. Many homeowners are surprised when filing a claim after realizing certain damage is not covered by the policy. Client First Insurance Solutions has analyzed all the damages that are not covered for a comprehensive understanding.

Sewer Backup Damages

A simple home insurance policy will not cover all the damages that are caused by sewer backups. Most insurance organizations believe that most of the sewer backup damages are caused by outdated sewer systems, excess floodwater, and overgrown roots from the trees. In such cases, it is not the insurance company that is supposed to cater for such expenses. Homeowners are advised to look for comprehensive home insurance policies that may cover the issues listed above.

Earth Movement Damages

Home insurance policies will not cover sinkholes, earthquakes, and earth movement damages. It is always necessary to analyze the geographical region where the home is located to buy an additional home insurance policy that is specifically designed to cover such natural problems. Some insurance companies might agree to cover such perils if the amount paid for the premium is increased.

Damages from Lack of Maintenance

If your home is damaged by pests, rodents, and mold, the home insurance policy will not help because insurance agents will interpret this as negligence. Therefore, you need always to ensure that you are maintaining your home regularly to address all issues that can affect your home. Working with a professional home maintenance expert can increase the chances of a successful home insurance claim.

Client First Insurance Solutions is one of the leading home insurance companies in Americus, GA, and has multiple home insurance policies. You can contact us today for professional home coverage.

What Georgia residents Need to know about Umbrella insurance

Residents of Georgia possess unique insurance policy needs. You may be deemed responsible for inflicting injuries or property damage to third parties. The ultimate truth is the chances are that you already possess some form of liability insurance, whether through your home or auto policy, but sometimes that protection is not sufficient to cushion financially. This potential shortfall in coverage can get arrested by procuring a salient umbrella policy at an affordable rate. Connect with us today at Client First Insurance Solutions offices, and our agents will help you land proper coverage that instills peace of mind.

In a nutshell, an umbrella insurance policy cushions you from liability claims that supersede the typical insurance limits. If you are held responsible for injuries or property damage, the costs can have disastrous financial ruins. If you have marshaled considerable assets, you may lose them, and if you do not have, you may find yourself forced to file for bankruptcy. If something massive strikes during your usual operations, having additional insurance like an umbrella insurance policy may be pivotal to keep you afloat.

Umbrella insurance policy summates to the liability coverage you have on your home, auto, or any other form of protection you possess that accords your liability coverage. Suppose you cause an automobile accident, and the expenses exceed the liability coverage included in your auto or home insurance policies. In that case, your umbrella insurance comes into play to settle the outstanding balances. Umbrella policy rates depend on the type of policy and coverage limits. Visit us today at Client First Insurance Solutions offices in Americus, GA, and our trusted agents will provide you with a competitive insurance plan and rates of umbrella insurance.

What does umbrella insurance cover in Georgia?

  • Bodily injury.
  • Landlord liability.
  • Property damage liability.
  • Defamation, libel, or slander.
  • Legal representation fees and damages.
  • False imprisonment and arrests.

What events are excluded from umbrella insurance coverage?

  • Personal injuries.
  • Intentional or criminal acts.
  • Damages to your possession.
  • Other injuries that are emanating from your business operations.

Contact us or visit our Client First Insurance Solutions offices situated in Americus, GA. Our professional team will help you get outstanding umbrella insurance that will continuously meet your needs and budgetary allocations.

When is flood insurance necessary in Georgia?

Those that live in the Americus, GA area should consider purchasing a home. Property buyers here can enjoy the long-term benefits that come with owning their homes. However, it is always important to protect your home as well as possible. For many, this could mean getting flood insurance. There are some situations when this coverage will be necessary for you. 

When Required by Lender

A common situation when you will need to have a flood insurance plan is when your mortgage lender requires it. Any mortgage provider will run searches to determine if your home is located in a high-risk flood zone. If it is in one of these locations, they will require that you carry a flood insurance plan. Most lenders will also have to approve the policy and will require monthly payments into an escrow account as it can help to ensure coverage. 

When Protecting Your Home

You may also want a flood insurance plan when you want to protect your home. If you are going to buy a home in this area, it will be a big purchase that you will want to protect. If you are concerned about the risk of flood damage in your area, getting flood insurance is a great way to protect against it. 

If you are going to purchase a home in the Americus, GA area, it will be vital to get proper insurance coverage. The team with Client First Insurance Solutions can help you with this. When you meet with Client First Insurance Solutions, they can give you the guidance needed to determine if coverage is necessary for you. They can then help you build a plan that keeps you in compliance and protects your property. 

Health Insurance: COVID-19 Special Enrollment

Would you like a little good news? A Special Enrollment Period (SEP) for Marketplace Health Insurance has been announced for the period of February 15 – May 15th, due to the COVID19 pandemic. This special enrollment period is designed to help families and individuals get the health coverage they need during the pandemic because no one should be worried about whether or not they can get insurance coverage during a global health crisis. 

Marketplace Health Insurance is usually only available for forty-five days each year. Even in a “normal” year, it can be tough to align your insurance needs with that one month. But during a pandemic, it’s even more important to make sure you and your family can get the coverage you need. Fortunately, this Special Enrollment Period extends your ability to gain affordable health insurance for three months! You can do a lot in three months!

Client First Insurance Solutions is well-known in our community for being accessible, knowledgeable, and helpful when you need assistance getting your health insurance questions answered. If you’re not sure what your current situation is or if you need to change your current plan, or if you know you need to get health insurance quickly, give us a call (229)-596-1002) or stop by our office at 132 W. Lamar Street in Americus, Georgia. We’ll spend time with you to get the best coverage at the most affordable rates. As always, we’re here to help.

4 Benefits of Health Insurance

There are more than a few good reasons to invest in a health insurance policy. For starters, your health benefits, which is the most beneficial reason for having health coverage. However, many people do not have health coverage, and they may wonder why they should invest. Whether you’re already covered, or you’re shopping for a health plan for the first time, here at Client First Insurance Solutions serving the Americus, GA area, we’d like to tip you off on the four top benefits of buying a policy. 

Emergency Room Expenses

With health insurance, you’ll likely have some coverage for emergency room visits, which are often the most unexpected as well as expensive. Something as minor as spraining your ankle can land you in the emergency room, and you must have coverage.

Inpatient Treatment Options

It’s also with health insurance that you can take advantage of various inpatient treatment options, such as surgery options that you may not have been able to access without health insurance. 

Help With Maternity Costs

Another reason to have health coverage is to cover the cost of care provided when pregnant and having a baby. Much of the time, a family health plan proves to be of the utmost benefit during pregnancies. 

Peace of Mind

Lastly, you should invest in health insurance because it provides peace of mind in knowing you can receive the care you deserve at a reasonable cost, even if part of it is out of pocket. 

To get the healthcare plan that you can benefit the most from, please don’t hesitate to contact Client First Insurance Solutions serving the Americus, GA area.

Types of Life Insurance

Choosing a life insurance policy can be overwhelming. The two main categories of life insurance are term and whole life. However, there are several subcategories, as well. At Client First Insurance Solutions in Americus, GA, we are committed to helping our customers choose the policy that is best for them. 

Term Life Insurance

Term life insurance is issued for a specific number of years or term. If you outlive the term, you don’t receive anything from the policy. You may have the option to renew the policy once the term is over. Term insurance premiums are generally lower than whole life. One reason for this is that the odds are that you will outlive your term policy, which means the policy has to pay out less often. 

Types of term life insurance include:

  • Standard term insurance
  • Simplified issue life insurance
  • Guaranteed issue life insurance

Whole Life Insurance

Whole life insurance stays with you until your death. Since the policy expects to pay out at some point, the premiums are often higher than those of term insurance. Some whole life policies also have an investment aspect. You may be able to access the money that you have paid into the policy. 

Types of whole life insurance include:

  • Standard whole life
  • Universal life insurance
  • Variable life insurance

Group Life Insurance

Group life insurance can be term or whole life insurance. Most people have access to group life insurance through their employer. Types of group of life insurance available are limited to those that the group or facilitator chooses to provide. 

Life Insurance at Client First Insurance Solutions

For more information about the different life insurance types in Americus, GA, contact us at Client First Insurance Solutions. We will discuss your needs and preferences and help you select the policy that best suits your needs. 

Types of Life Insurance

Choosing a life insurance policy can be overwhelming. The two main categories of life insurance are term and whole life. However, there are several subcategories, as well. At Client First Insurance Solutions in Americus, GA, we are committed to helping our customers choose the policy that is best for them. 

Term Life Insurance

Term life insurance is issued for a specific number of years or term. If you outlive the term, you don’t receive anything from the policy. You may have the option to renew the policy once the term is over. Term insurance premiums are generally lower than whole life. One reason for this is that the odds are that you will outlive your term policy, which means the policy has to pay out less often. 

Types of term life insurance include:

  • Standard term insurance
  • Simplified issue life insurance
  • Guaranteed issue life insurance

Whole Life Insurance

Whole life insurance stays with you until your death. Since the policy expects to pay out at some point, the premiums are often higher than those of term insurance. Some whole life policies also have an investment aspect. You may be able to access the money that you have paid into the policy. 

Types of whole life insurance include:

  • Standard whole life
  • Universal life insurance
  • Variable life insurance

Group Life Insurance

Group life insurance can be term or whole life insurance. Most people have access to group life insurance through their employer. Types of group of life insurance available are limited to those that the group or facilitator chooses to provide. 

Life Insurance at Client First Insurance Solutions

For more information about the different life insurance types in Americus, GA, contact us at Client First Insurance Solutions. We will discuss your needs and preferences and help you select the policy that best suits your needs.