Home insurance is one of the most important policies you can buy. It is designed to protect your most valuable asset. Many people don’t realize that home insurance actually covers more than just their home. Here’s a look at the ins and outs of your home insurance policy.
With recent earthquakes in Arkansas and Oklahoma, quakes are becoming more and more common. Surprisingly, most people don’t have and earthquake insurance on their current homeowners policies. In Missouri, earthquake insurance is normally affordable but most decide this coverage isn’t necessary, but we say think again.
The auto insurance industry is much different today than it was just 10 years ago. Insurance companies are having an increased number of accidents. Why? Distracted Driving and cell phones is a big part of it. Think about how many times do you pull up to someone texting and driving or talking on their phone. This means that most insurance companies are having to raise premiums. A new technology called Telematics helps get you a new auto insurance discount. These new devices can save up to 50 percent and help individualize your rates. [Read more…]
So you are engaged and getting ready for one of the most exciting days of the life. You probably have so much on your mind. Where do you want to get married, who is coming, where to go on the honeymoon? The last thing you want to worry about is getting wedding insurance or getting you both put on the same policy. Well Millennium Brokers makes it quick and easy! We can help find the Wedding Insurance policy to meet your needs.
After a long week of work, every family should an attraction in Springfield, Missouri. You know you want to spend some time relaxing but don’t know where to go? Look no further. This is the Millennium Brokers take on some of the best attractions!
How to lower your insurance rates? As consumers, we are always looking for the best deal, Insurance is no different. You have spend years working hard to secure the things you own, you wake to make sure you have them protected. Many people don’t realize there are a few different ways to help lower their insurance rates.
You may already have great insurance coverages but are you overpaying? Here are a few tips to help you lower your premium.
5 ways to Save Money on Home Insurance
Home insurance helps protect was of your most important assets. Finding affordable coverage can sometimes be a challenge. You want to make sure to maximize your home insurance discounts.
People today need an agent on their time. We live in a world where we need an insurance agent that can meet the demands of our busy, connected lives. What does that mean? An insurance agency that can work digitally and get an online insurance quote.
Getting a Teen Driver licensed in Missouri can be an exciting and stressful time all in one. What are your first steps? Teenagers can start the process at 15 by passing a vision test, roadside exam and a knowledge test. Once they pass the state gives them an instructional permit. Next you turn 16 your are eligible to take your behind-the-wheel road test. If you pass, the state will issue an intermediate driver license. Now its time to get yourself Insurance.
What are some ways to help save money on Insurance?
Life Insurance is an essential policy to help protect you and your family. Usually this is a coverage that everyone decides to wait to purchase until there is a need for coverage. When someone falls ill or is given a serious diagnosis, it can become challenging finding coverage. Too many times today we see families wait until it is too late.
GoFundMe pages should not be a replacement for proper planning, especially when the cost for life insurance coverage can be as little as $10-$30 dollars per month.
Here’s some information we think everyone should know.
Term Life Insurance
Term Life Insurance is the most common policy purchased. This type of policy offers a pure death benefit for a number of years defined in the term. Coverage usually last 10 years, 20 years, 25 years, 30 years and some cases even longer. Typically, the premium will stay the same over the length of the policy.
Increasing or Decreasing Term Insurance
With some types of term life insurance, over time the death benefit will go down. This is known as a decreasing term insurance policy. This type of policy ends when the death benefit hits zero . It is designed for protecting families for larger purchases like a home. As the home gets paid off, the death benefit of the life policy will go down.
Increasing Term is just the opposite. Both the premium and the death benefit rise until the policy term is completed. This type of policy is usually designed to help protect someone who is acquiring wealth.
Whole Life Insurance
Whole life is very different from term policies. Like term coverage, insurance companies will typically lock in your rate and provide a life long death benefit as long as you make your premium payment. A major point to know that this is a permanent policy that can build a cash value. This cash value will typically grown on a tax-deferred basis, In addition to cash value, these types of policies can even pay dividends in some cases.
Variable Life Insurance
Variable Life Insurance is very similar to whole life and provides some benefits from Term insurance policies. It can provide a permeant death benefit along with a investment component. Specifically, this policy type can give policyholders the ability to invest in things called variable sub accounts.
Universal Life Insurance
Universal life Insurance is similar to other life insurance options in the way that it is permeant and provides a death benefit, yet a key difference is how cash value is earned. UL polices will earn interest on the cash value, these values are typically established when the policy is set up.
Final Expense Life Insuance
Final Expense Life Insurance is often known as burial insurance and usually purchased by seniors between the ages of 50 to 85. These policies are used to provide a benefit to family members who would otherwise have to pay for final expenses. Seniors are able to get a more affordable coverage typically up to $40,000.
With the average cost of a funeral around $10,000, these policies help make funds available in the event of a sudden death or make sure your final plans are achievable.
Why Buy Life Insurance Now?
Most people put off buying insurance until it is to late. Did you know that a life policy for a healthy 25 year old could be as low as $12 per month for $250,000 in coverage? If bought at the right time, life insurance can be much more affordable. Don’t wait until it is too late. Waiting until you have medical problems could cause your premiums to be outrageous or a lead to a company not offering coverage at all.
Where should I buy life Insurance?
Buying Life Insurance from an Independent Agency like Millennium Brokers can help give you more options. With the ability to offer over 20 different companies we give consumers more options and the possibility to get more affordable rates. Along with being able to offer Life Insurance, you can also get coverage for your Auto, Home or Business. Not only can you save but you can have everything set up with one Agent.
You can get an instant life insurance quote without having to enter your personal information you can go to our Instant Life Quoter.
At Millennium Brokers, we can help find you affordable coverage. If you would like to visit us in person you can stop by our office at 2100 S. Brentwood Blvd Ste G Springfield, Mo 65804.