Advantages of Employee Insurance

If you live in Hope Hills, NC, you know you have a great community that you can count on. You probably got a life insurance policy through your employer when you were signing up for health insurance, and you probably got a great deal. Employer life insurance plans get group discounts and are often at least partly funded by the employer, as an added benefit for working there.

Another great thing about your life insurance policy through your employer is that you probably didn’t have to qualify or take a medical exam. Your employer wants to take care of you, so you can usually get the best deal through them.

So Why Buy a Private Policy?

There are good reasons you should get another policy through Cross Creek Insurance, though.  You need to carefully consider these factors because taking advantage early is important.

1. If you lose your job, you will also lose your life insurance coverage. Even if they let you take your policy with you, it will probably be very expensive.
2. There may be other limitations for when coverage ends. For instance, you may not be able to retire at a certain age, but the life insurance through your employer may not be available after that.
3. Your employer might decide to cut that benefit. While it would see unfair, it may be well within their rights.
4. The policies offered through an employer are usually very specific and limited. They typically only offer a death benefit and don’t have options for turning your policy into an asset unto itself. Your work policies might also not offer as much coverage as you need.

We at Cross Creek Insurance work to help the people of Hope Hills, NC make sure they have life insurance coverage tailored to their individual needs. The earlier you sign up for a policy, the more benefit you can get from it. If you have any questions, please call us today.

There are a lot of common myths about life insurance in Hope Hills, NC that can stand in the way of you getting proper coverage.

Employer-Provided Life Insurance Is All You Need: An employer may provide life insurance, and you may be able to purchase more worth up to six times your salary, but to provide for dependents you typically need more. You may also lose the insurance when you leave the job, and while you may convert, it’s typically more expensive than just purchasing a policy today on your own.

Only a Breadwinner Needs It: If something happens to a stay-at-home spouse, then the breadwinner will need to hire someone to care for the children and clean, which can be expensive. It’s a good idea to have insurance on both spouses. This way, the working spouse can also take some time off to help the family adjust.

You Are Too Young to Worry about It: It actually makes more sense to get life insurance when you are young, since it’s usually less expensive and you don’t have medical conditions that could disqualify you. By the time you need life insurance, it could be too late, which makes it a good idea to purchase it as soon as you are able to.

You Can’t Get It If You Have Health Issues: You can generally buy term life insurance, even with some health issues. It may mean higher premiums, but you should still be able to find insurance. Speak with an agent at Cross Creek Insurance if you have some health issues.

You Don’t Need It If You Are Single: You may still have family that relies on you, such as aging parents. Benefits can also be used to pay for burial costs, so your family doesn’t have to go into debt.

Contact an agent at Cross Creek Insurance, serving Hope Hills, NC, to get a quote on life insurance.

With so many choices at your fingertips, you may be wondering how to select your business insurance policy.

The protection of your enterprise is nearly as important as your business model. Running an unprotected company may be the single riskiest method of operation. As the owner of a company, you need to protect your employees, customers, and your assets. Business insurance is the perfect layer of protection for your company.

Our expert agents in Hope Hills, NC will help you understand the various types of commercial insurance to choose the best form and amount for your company. Business insurance provides coverage for your physical equipment, inventory, and company vehicles. You can also choose a policy that protects your company if an employee steals from you or you incur some other type of theft. Business insurance is vital if your company encounters a lawsuit. If you have an employee that requires an extended absence leave due to injury, commercial insurance provides coverage. 

There are typically four ways to categorize business insurance:

• Business liability insurance
• Business umbrella insurance
• Business property insurance
• Business automobile insurance

Business automobile insurance gives protection to all cars used only for business purposes. Umbrella insurance gives you extensive coverage for any losses that wouldn’t otherwise be covered. Business property insurance provides reimbursement for an individual suffering from financial loss due to destroyed property, buildings, land, etc. Business liability insurance pays for property damage and bodily injury when the insured party is responsible.

Even if you need insurance for business-related activity outside the realm of these categories, Cross Creek Insurance can help. We have been serving the Hope Hills, NC area for many years, helping business owners acquire insurance for their specific needs. Contact Cross Creek Insurance today for a custom policy. Rest easier knowing your employees, customers, assets, and financed are protected.

If you are thinking about getting a life insurance plan, it’s essential to know that there isn’t a set magic age for buying this coverage. Whole life insurance plans are best bought at the youngest age possible while term coverages are often purchased to offer protection for a specific time-constrained obligation. This may include providing a child’s college tuition fees in case you pass on before they get to college.

Some people choose to get both policies so that one portion can offer protection for the unknown future while the other covers different financial obligations that happen as the policy holder’s family grows. You can always get a life insurance plan from Cross Creek Insurance. We serve the entire Hope Hills, NC area and its environs.

What’s the best time to get a whole life coverage?

The perfect time to start a whole life coverage is when your kid is born. A whole life policy accrues value over time, so buying one for your child will give the protection they need during their later years. By the time your child is ready to leave home, the plan will have accumulated adequate funds that can be borrowed against the coverage to buy a house or overcome an unexpected hardship.

Basically, the younger you are when buying a life insurance coverage, the lower the premium costs will be. Since the average people’s lifespan has increased, the standard length of life insurance plans increased as well. This means that the risks of paying out a claim prematurely are lower today than before.

What’s more, there will be more time for a young one to pay premiums compared to a 60-year old person, meaning that the premium costs will vary significantly. But this doesn’t mean that old people shouldn’t get life insurance plans even if it’s for nothing more than paying for their funeral expenses when they pass on.

At Cross Creek Insurance, we can offer life insurance plans regardless of your age. Contact our Hope Hills, NC office today.

Business owners in Hope Hills, NC recognize the value of the community, which is thriving and supportive of small businesses.  Cross Creek Insurance works hard to make sure our small business customers have what they need when it comes to protection. 

Operating a business has so many kinds of risks, and different kinds of insurance policies address the different and distinct areas. Businesses are especially vulnerable because they have so many contacts with the rest of the world, and a simple slip and fall on the property could cause enough damage to pit some small businesses deep in the red.

Various Kinds of Insurance 

You will need insurance for the property, whether you rent or own it. Even if you work from home, you may need special insurance because homeowners insurance usually doesn’t cover business-related damages or injuries. General liability insurance helps protect against incidents like slip and fall injuries on your property. 

If your business uses automobiles, there is commercial auto insurance available. Product liability will protect you if someone is injured by one of your products. If you are a professional, we offer special insurance for damages that occur as a result of your professional advice. 

Save Money With a Business Owners Policy

You can save money by bundling some of your insurance needs into a BOP. Business owners in Hope Hills, NC may be eligible to combine the property and liability portions into one policy, which is also more convenient. 

There are also other kinds of insurance you may want to take advantage of, depending on your circumstances. Call Cross Creek Insurance where we can address your questions and give you a free quote that will address all your business liability needs.