When you look into different types of life insurance, you will come across the term whole life. But, what is this type of policy, and how does it work? If you are interested in a whole life policy, call us at Berks County Insurance in Reading, PA to talk with an agent about this type of life insurance coverage.
Insured for Life
One of the aspects that make whole life policies so unique is that they are good for the rest of your life. No matter how old you get, the policy can’t be canceled by the insurance company as long as you continue to pay your insurance premiums. This is a factor that gives many insured people peace of mind in knowing that their family will have the death benefit no matter how old the insured is. Many other types of insurance have age cutoffs and are good for only a specific amount of time.
A Cash Value
Another unique aspect of this insurance type is that over time it will actually build a cash value that you can tap into if needed. If you have a financial situation that requires cash fast, you can borrow against your death benefit and meet your financial obligation. When you borrow against it, the death benefit is lowered by the amount you borrowed. When you get it all paid back, the full death benefit is restored. Many people find that this cash value gives them even more peace of mind, knowing that they will have that option in the event of an emergency.
Get Your Whole Life Policy
If you need insurance to protect your family from financial hardship, contact us now at Berks County Insurance in Reading, PA to talk about the coverage you want and need.
Every business needs at least one vehicle to carry out routine operations. The logistical processes that include deliveries and employee’s general movement may be difficult to accomplish without a car. As long as such vehicles are useful in running business operations, they should be suitable for commercial insurance coverage.
It’s easy to get confused about the application of commercial insurance. This is more so because most small enterprises use their cars that have personal auto coverage for business processes. So, do you need commercial auto insurance?
Why Is Commercial Auto Insurance Important?
In case of unforeseen accidents, injuries, and liabilities caused by a personal car while undertaking business processes, your auto coverage may not be useful. This is why commercial auto insurance is critical. Our commercial auto insurance plan at Berks County Insurance covers your car and employees against any physical damages and injuries caused while on the line of duty.
Instances where you need commercial auto insurance include:
In Case Transport of Goods and Services is Part of your Business
This is where you either transport goods or people at a fee.
In case You Conduct a Service with Your Vehicle
Individuals or businesses that use their cars to provide specific services within Reading PA should also consider opting for commercial coverage.
If Employees Use the Car Often
Your auto cover extends as far as your immediate family. If any of your staff uses a specific car for movement or other business processes, you should consider commercial auto insurance.
Safeguard Your Family, Business, and Employees Today
The best thing to do when you have a car used for personal and commercial activities would be to consider commercial auto insurance. At Berks County Insurance, we tailor-make our commercial auto insurance for our customers in Reading, PA, to suit their specific needs.
Are you looking for a reliable insurance company? At Berks County Insurance, we offer auto, home, commercial, life, and renters insurance to keep you safe and confident. Contact us today.