There are many benefits of choosing term life insurance over permanent life insurance in North Carolina. The choice can seem difficult because there are many benefits to permanent life insurance as well.

At Cross Creek Insurance, we know that Hope Hills, NC residents have a lot of options when it comes to choosing life insurance. We can help you to choose the plan and the policy that is best for you.

What is the Difference Between Policies?

In term life insurance, you choose a policy that expires at the end of the term. You choose the coverage amount for your budget, with a term of 5, 10, or 15 years. 

If you pass away during the term, the coverage is paid out to your beneficiary in one lump sum. This death benefit will cover funeral costs, income replacement, and pay for expenses for your beneficiary. 

Permanent life insurance is life insurance that has a cash value. This is considered an asset, from which you can collect dividends, withdraw from, or borrow against. It is typically more expensive than term insurance.

Benefits of Term Life Insurance

Term life insurance is excellent coverage for life insurance and offers traditional benefits of life insurance. The key benefit for the policyholder is that it is more affordable than premium life insurance. It also offers you a higher amount of coverage for a lower rate, with premiums that are set for the term.

The primary benefit is that it offers life insurance coverage at any time of your life when you have something to protect in the event that you pass away.

Get a Quote

If you are considering life insurance, term life insurance is a great start. At Cross Creek Insurance, we want Hope Hills, NC residents to know their options before they make the commitment. Call us for a quote today.

Those that are in Hope Hills, NC and have a dream of being their own boss could find that this is a great area to start a small business. When you are looking to establish a business in this area, you will always want to know that you are properly insuring your company. There are a few reasons why you will want to have commercial insurance coverage for your business here.

Protect the Organization

A primary reason to have a commercial insurance plan is so you can protect your organization. There is a lot of work and investment that goes into building a company and you will want to ensure you protect it. Commercial insurance will offer you several valuable forms of coverage. This includes giving you coverage if you have assets that are stolen or damaged or if you are named liable in a lawsuit.

Ensure Compliance with Agreements

You will also want to have a commercial insurance plan to ensure you remain in compliance with any and all agreements. The average business in this area will sign many agreements that can require them to carry coverage. This can include agreements with investors, lenders, landlords, vendors, or other interested parties. Having a quality commercial insurance plan will keep you in compliance with all such agreements.

Those that want to get commercial insurance in the Hope Hills, NC area will always want to know that they are fully covered with insurance. As you are looking for protection in this part of the state, calling Cross Creek Insurance is very beneficial. If you do call Cross Creek Insurance, you can be assured that you will get the support needed to fully evaluate your commercial insurance and choose a plan that is ideal for your situation. 

Life insurance can be a confusing topic to figure out. Here are a few terms that will help you clearly speak the language of life insurance. For more details on these terms or on any other life insurance questions you have, trust the professionals at Cross Creek Insurance serving Hope Hills, NC to meet your needs.

Annuity: This pays out a fixed sum of money to the policyholder at regular intervals

Beneficiary: The person or people are chosen by the policyholder to receive the proceeds from an insurance policy if the insured dies

Death Benefit: Amount of money paid out to a beneficiary after the policyholder dies

Evidence of Insurability: Documentation provided during the application process to prove the health of the insured person.

Face Value: This is the amount of money that will be paid out when the insured dies. For example, if the insured purchases a $100,000 policy, that is the amount that their beneficiaries will receive.

Insured: The person that benefits will be paid out for in the event of their death

Life Insurance: When a policyholder pays premiums to an insurance company, and the insurance company agrees to pay the face value to the beneficiaries upon the insured’s death

Living Benefits: Advance cash payment of part of a policy before the policyholder dies. Provides financial assistance to the insured before their death

Policy Holder: The person who bought or owns the life insurance policy

Term: The amount of time that the policyholder is insured

Underwriter: The person or company that decides if a potential policyholder is insurable

To find out more about life insurance or get a policy, contact the team at Cross Creek Insurance serving Hope Hills, NC today!

In the Hope Hills, NC area, there are a lot of opportunities for businesses to be successful. Those that are looking to build a business in this area of the state need to make sure they insure and protect it as well as they can. A great way you can do this is by getting commercial insurance, which offers several forms of protection. 

Stay in Good Standing with Requirements

An important reason to have commercial insurance in this area is so you can stay in good standing with your requirements. Those who choose to start a business may need to raise money from banks or investors and may want to lease a building to operate out of. In these types of agreements, there is almost always a requirement when it comes to maintaining commercial insurance. If you do not have this coverage, you will be out of compliance and could face penalization. 

Protect Solvency of Company

You also should get a commercial insurance plan as it can help to protect the solvency of your business. To start any type of business today, you will need a lot of capital to get it off the ground. Losing this investment due to an accident or unforeseen event can be very damaging. Due to the coverage it provides, a commercial insurance plan can help to protect this solvency.

As you are looking for a commercial insurance plan in the Hope Hills, NC area, it would always be a good idea for you to speak with a professional. The team with Cross Creek Insurance offers the support needed to build a proper plan. Cross Creek Insurance can help by carefully evaluating and assessing your situation and helping you build a plan that will meet your needs. 

Those that are in the Hope Hills, NC area are going to want to have proper insurance in place at all times. A form of coverage that all people should consider here is life insurance. There are several forms of life insurance to consider when you are in the market, the two most common of which are whole and term life. You should consider the features of each plan type when choosing a new policy. 

Term Life Coverage

A common form of coverage to have here is term life insurance. People often prefer to have term life insurance because it provides coverage for a specified period of time and can come with any policy level that you want. This makes it easier to build a plan that is curtailed to meet your needs. Further, the premiums tend to be more affordable than other policy options.

Whole Life Coverage

People all over this state should also consider getting a whole life insurance plan. When you have whole life coverage, you can have a life insurance plan that will provide coverage for the rest of your life. An added benefit is that a whole life plan will provide you with an investment benefit as some of your regular payment will build in an account and grow with interest, which you can close and convert to cash in the future. 

Choosing a life insurance plan in the Hope Hills, NC area is always going to be an important decision. If you are looking for a new plan here, it would be a good idea for you to call Cross Creek Insurance. Those that are going to work with Cross Creek Insurance can learn a lot about their different insurance options and will receive the support needed to choose a new plan that provides the ideal coverage for their situation. 

As a business owner, you probably understand how important commercial insurance is. The decision to not have it can cost you the business or eat up all your profits. There are many benefits of having business insurance, and the insurance agency Cross Creek Insurance serving Hope Hills, NC and other nearby towns prepared a list of its main advantages: 

Benefits of Having Commercial Insurance

• Liability. One of the main benefits is that you as a business owner are covered for liability. If someone is injured on your business site, and you do not have proper commercial insurance, you may end up paying thousands of dollars for medical bills. 
• Theft. Business insurance also covers equipment and goods that have been stolen. Thus, if you kept your business stuff in a warehouse, and it was stolen, commercial insurance will cover its replacement. So you can quickly get a new inventory and continue operating your business. 
• Natural disasters. By buying business insurance, you are protecting your equipment and inventory in case if they are destroyed by a natural disaster. If you do not carry commercial insurance and your assets and commercial building are affecting by a disaster, you will have to cover all the losses yourself.

Cross Creek Insurance – We Are Here To Help You and Your Business

If you operate your business in Hope Hills, NC or any other surrounding town, and you are looking for a reliable insurance agency to get commercial insurance, Cross Creek Insurance is here for you. Our insurance agency is dedicated to protecting your financial future and the future of your business. Feel free to give us a call if you have any questions or you want to know more about the insurance solutions we offer.