Life insurance isn’t just for young families

Many young families choose to secure life insurance before or shortly after they start their family. As their children grow older they may feel like the importance of life insurance becomes less important. The benefits of having the financial security of a death benefit cannot be denied, these benefits continue even as your family grows older. If you are in the greater Lincoln, NC area and have questions about which life insurance policy type is the right choice for your family, the team at Kale Insurance is here to help. We have the information you need to make an informed decision to protect your family now and well into the future.

Why life insurance isn’t just for young families

If anything should anything happen to you when your children are young, a life insurance death benefit can make a world of difference for your loved ones. And even as your children grow older, there are still many sound reasons to maintain a robust life insurance policy. Term insurance, universal, and whole life are just a few of the options that are available to you. When you choose a policy that includes the ability to receive a benefit while you are still living, you are helping to improve your family’s financial wellness. When you have the ability to use these resources it can help to fund college expenses for your children or help during your own retirement. Now is a great time to meet with your local insurance agent and learn more.

If you are a member of the greater Lincoln, NC community and would like some guidance on choosing an appropriate life insurance policy for your family, we can help. Call or stop by Kale Insurance today to learn more about your options. 

4 Advantages of Using a Brick-and-Mortar Home Insurance Agency Over Getting Insurance Online

With changing technologies and the ability to buy insurance online, at first, it may seem like a convenient way to get home insurance quickly and conveniently. However, there are still some advantages to buying your insurance through a brick-and-mortar agency.

More Personal Interactions

When you go to a local agency, you get to personally talk to a representative that can quickly answer specific questions. Using online insurance agencies you may not get these personal interactions and can find yourself waiting to speak to an agent.

Custom Quotes

Online quotes about policies may be too general and they can often not take into account the specifics of your particular needs. At a brick-and-mortar insurance agency, a representative can quickly identify what you need for your home insurance needs and give a more accurate quote on policies.  

Specific Location

If you purchase through a local insurance agency, location-specific policies can be tailored more to where you live. Online purchase or quote may be too generalized and not take into account your exact location. There may be differences in cities or states where you reside in what your insurance needs may be.

Building Long Term Relationships

Having one agent you know for years who is familiar with all the details of your policy and potential claims can be a big advantage of using online insurance. You may have many agents online that don’t have this individual relationship with you. This can lead to poorer claim proceedings should you run into problems. 

If you are looking to purchase home insurance, a brick-and-mortar agency can offer some advantages over online purchases. Give Kale Insurance of Lincoln, NC a call to speak to a representative and schedule an appointment to visit our local agency. We can help you face-to-face to answer any questions you may have about a home insurance policy.

4 potential dangers that your commercial insurance can protect you from

Starting a business in Lincoln, NC in itself is considered to be a risk-taking affair. However, taking too many risks in the said business can turn out to be costly. As a business owner, you should be aware of the potential risks facing your business and how to fix them. Kale Insurance recommends getting commercial insurance to fix the following business dangers.

1. Business interruption dangers

Certain dangers like storms and fire can be destructive and expensive to your business property.  Sometimes, they may force you to close temporarily as you take care of the repairs, and sometimes you may not have enough resources to get the business back to its feet. But if you have enough coverage, you only need to claim from your insurance company, and they will take care of everything.

2. Lawsuits

Owning a business means accepting the challenge of dealing with strangers every day. Overlooking specific details of your business like a broken window or a minor mistake with a check can land you into problems with the law — customers who may get injured while getting services at your business premises may sue for injuries too. Your commercial insurance, however, can help settle this.

3. Property risks

Whatever you own at the business is also at risk of vandalism and theft. Customers or workers may also damage your goods unintentionally, which could lead to losses, but if you own commercial insurance policy, you do not need to worry because you will get compensated.

4. Liability risks

Every day, your business is at risk of liabilities. Whether it is a stationary or mobile business, your workers may get injured, or they may damage a customers’  property in which you will be held liable. Purchasing commercial insurance helps settle all this.

We will be happy to serve you at Kale Insurance in Lincoln, NC, for all your insurance needs because we care about your financial wellbeing.

What Are the Benefits of Life Insurance?

Many people invest in a life insurance policy as a way to protect their loved ones in the event that the insured person passes away. Much of the time, the insured person is the breadwinner of the family. With a life insurance policy in place, you can rest easy knowing if something happens to you, your family will receive financial compensation to help them uphold their standard of living. Kale Insurance serving the Lincoln, NC area is here to help you understand three other benefits of life insurance.

Build a Savings Account

With a whole life insurance policy, your policy will likely build a cash value. This means a portion of your premium pays for the actual life insurance while another goes toward a savings account. If you ever need to dip into the savings account before you pass away, you can as long as certain conditions are met. The longer you pay your premiums, the bigger the savings account will grow.

Tax Advantages

Whole life insurance policies generally have an investment component in which the insurance company invests part of your premiums into stocks or bonds. In some instances, the insurance company will invest in both types. The buildup that you accrue in a life insurance policy is tax-deferred, which means you can grow your investment quickly and without facing tax penalties.

Collateral When You Need It

The cash value that builds in your whole life insurance policy is considered a hard asset. This means when you need collateral to take out a loan, you can use the cash value part of the insurance policy as your collateral and borrow against the policy.

Contact Kale Insurance serving the Lincoln, NC area today to learn more about the benefits of life insurance.

 

Ways to Keep Your Home Safe While on Vacation

It doesn’t matter if you’re away for the weekend or taking your dream vacation in the Bahamas, you’ll want peace of mind that your home is safe while you are away. If you’re in Lincoln, NC visit Kale Insurance to find out more about home safety, but for now you can start with these few tips.

Locks are Essential to Safety

Make sure that all of your windows and doors are secure. Place any valuables out of the view of windows that do not have blinds. Cover garage door windows so no one can see that your car is not there. It is key that strangers do not discover that you are away for an extended period.

Keep Outside Looking Normal

Don’t allow newspapers or mail to pile up. This is a clue that thieves look for to choose which house is easiest to break into. Have your newspaper delivery and mail paused until you return. You can also have a trusted neighbor pick up these things especially if you are expecting an important package.

Lighting and Security

Make sure that you have your lights on a timer before you leave. If lights come on in the evening, during a time you would normally be home, then a thief would move on to the next unsecured home. Invest in a good smart home security system. Some wireless security companies offer an automated light setup just for this purpose.

No one should have to worry about their home when they are having the time of their life on vacation. Contact Kale Insurance in Lincoln, NC to get you started with a home insurance policy that will cover your needs. You can also take a look at some information regarding other insurance policies, including auto, life, and commercial insurance.

 

What does business interruption insurance cover?

You probably feel confident that the commercial insurance you purchased through Kale Insurance is adequate protection for your Lincoln, NC small business. Hopefully, you have coverage for liability and property, auto, and any other important needs.

You may not have considered business interruption insurance, because you don’t expect for your business to be closed for an extended period. But if there is a disaster and your business is temporarily shut down, your bills will pile up while you wait to get back to work. When you can’t provide your normal services or produce your products, you won’t have the income to pay those bills.

What is Business Interruption Insurance?

If there is a disaster big enough your business will be closed and you may even have to rebuild. Business interruption insurance is a kind of policy that will kick in to replace your income so that you don’t have to depend on savings or loans just to stay afloat.

There is also contingent business operation coverage, which can protect you if one of your major suppliers, partners or customers is shut down because of a disaster.

What Does Business Interruption Insurance Cover?

Here are some of the items usually covered by business interruption insurance:

  • Profits you would have earned during the interruption, based on prior financial records for prior periods.
  • Operating expenses, again based on records kept by your company showing historical costs.
  • A temporary location might be provided for if your regular location is temporarily unavailable because of the disaster.
  • Civil authority or government-mandated closures, caused by special circumstances like curfews or temporary street closures.
  • Other expenses may also be covered if it can be proven that they are necessary for business operation.

If you have any question about business interruption insurance, or if you would like to discuss a policy for your Lincoln, NC business, please feel free to give us a call at Kale Insurance so we can help you out.

How much life insurance is enough

Life insurance is one of those things that almost everyone needs. It is not an easy thing to think about, but it is a responsible thing to do. You don’t want to leave your loved ones holding the bag if you pass away. It is all part of planning for the future and in Lincoln, NC, Kale Insurance is there to answer all the questions that you may have.

How much life insurance do I need?

Determining how much life insurance you need depends on a few different factors. All of them go into the amount and type that you will need to purchase.

Who depends on me?

The first thing is to determine is who is dependent on you financially.  The basic rule of thumb is that you want to have insurance that will give your family several years of income when you are gone. If your children are young, you may need to cover the family for more yours. You also need to provide funds for your final expenses and to pay any outstanding debt you may have, this is important even if no one is actually dependant on you.

Age

Your age and health when you take out the policy will affect the cost and to some extent determine whether you will be purchasing whole life or term insurance. Term insurance is less expensive but in most cases, it is only good for a specified number of years and does not have any value at the end of that time. Your ultimate goal for life insurance is also a consideration.

If you live in the Lincoln, NC area Kale Insurance can help you to develop a plan to meet your needs today and into the future. Your loved ones are counting on you.

Can Singles Benefit from Life Insurance, Too?

Most anyone can benefit from what life insurance has to offer. Whether you’re young or old, single or married with a family, life benefits can provide financial security for loved ones after you’re gone. Here are a few ways singles can benefit from a life policy from Kale Insurance in Lincoln, NC.

Liquidate Debts

If you attended college, chances are you have student loans to repay. Your parents may have even co-signed for some of these loans to make it possible for you to complete your education. If you were to suddenly pass on, these debts could be passed on to your parents. Life insurance can be used to pay off outstanding debts so your family doesn’t have to bear this burden. 

Financial Support for Family/Business Associates

Life benefits can provide financial support to aging parents, siblings or a significant other after your demise. If you’re currently supporting your parents or a younger sibling, your sudden passing could leave them in a financial crisis. By obtaining a life insurance policy and designating that benefits be distributed to family members after your demise, you can continue to provide the assistance loved ones need after you’re gone. Life benefits can even go to a business partner to cover your share of financial responsibilities so the business can continue after your demise.

Funeral Costs

Few young, single people plan for their funeral in advance. If an accident unexpectedly takes your life, your family will bear the brunt of funeral costs. Life insurance can alleviate loved ones of this burden by covering the cost of funeral expenses, so they can grieve in peace without feeling the pinch of financial stress.

To learn more about life insurance options and costs, feel free to contact a Kale Insurance agent in our Lincoln, NC office.

How to Choose a Home Insurance Policy

Picking a home insurance policy may not be a very exciting exercise for your day (especially if you were hoping for some much-needed relaxation). But picking the wrong policy can end up being more catastrophic than first meets the eye. So before you choose based solely on the price of the premium, keep these tips in mind before you settle on your individual level of coverage. 

Read the Fine Print 

Insurance is such a complicated subject that it’s easy to see why there are a lot of assumptions about it. Few people have the brain power to really sit down and dissect every clause. But these assumptions can really haunt homeowners who believed a certain event would be covered, when in fact, it was always excluded from their policy. They may believe that their possessions could be replaced in the event of a flood or theft only to find that they’re fully responsible for the damage or the loss. If you live in Lincoln, NC and want to protect what is likely your largest investment, you need to be certain you understand the policy long before you ever sign up. 

Pick the Right Company 

Some insurance companies promise the world until you actually call to file a claim. Kale Insurance has made it our mission to help people rest easy when they’re going through an unexpected event. We’re here to give you the advice you need to take action, so you can get back to your regularly scheduled life. If you have questions or need some help deciphering one policy from the next, it’s time to give Kale Insurance a call. We’re here to help the people of Lincoln, NC get the home insurance that works for them. 

3 Ways Commercial Liability Benefits Your Business Right Now

Business owners in the Lincoln, NC area understand the importance of commercial liability coverage. If a client gets hurt, these policies can save your business from financial disaster. However, you don’t have to wait for problems to occur to get benefit from your coverage. Here are some ways your commercial liability coverage helps your business every day.

Gain Customer Trust

For companies involved in the building trades, having a commercial liability policy can make the difference between gaining a new customer and losing out to your competition. Clients who hire you to work on their properties feel more confident with insured contractors. This is because they know they’re protected from potential problems related to your services. Other service-based businesses like hair salons and dance studios can use their insurance status to draw in resistant customers.

Get a Better Rental Rate

Do you rent your office or production space? A commercial liability policy protects your rented portion of the property, even for spaces in large complexes. Property managers may be willing to offer reduced rental rates if they know you have your own commercial liability policy, as your active policy lowers their own overall liability. Depending on the nature and location of your business, there may be other policies that positively impact your rental rates. Talk to one of the experts at Kale Insurance for more information on how insurance can help you fit into a more comfortable rental rate.

Borrow for Less

Looking for a loan to expand your business? Banks may offer preferred rates to business owners with comprehensive insurance coverage. If something happens during your loan period, it’s much more likely that you’ll be able to meet your obligations if you have adequate insurance. Leverage your coverage status into lower interest rates or a more generous line of credit.

Kale Insurance carries commercial general liability policies for businesses of all sizes and industries in the Lincoln, NC area. Let us know how we can help you keep your business secure.