By investing in life insurance, young couples can start building a financial base for their future. Life insurance can offer you and your spouse financial security in the event either one of you should suddenly pass on. Here are some of the most important reasons to consider a life insurance policy from Strack Insurance Services in Arlington, TX while you’re young.  

Loss of Income

Life insurance benefits can replace primary income if the breadwinner of your family were to suddenly pass on. If you count on your spouse’s income to pay rent or mortgage, utilities, food, car payments, etc., you’ll appreciate having life benefits to replace this income upon your spouse’s unexpected demise.

As a young couple, you may not have children now, but that could change in the future. By investing in life insurance early on in your marriage, you can take advantage of lower premiums. As you grow older, the cost of life insurance will be much higher.   

Debts

Like most young couples, you or your spouse may have outstanding debts such as private student loans that you plan to pay off over time. If these loans were co-signed by your parents, they could be held liable for these debts if you were to suddenly pass on. Benefits from your life insurance policy can help pay off these loans so your loved ones aren’t saddled with this financial burden.

Funeral Costs

Few people think about funeral arrangements or costs when they are young. In the event of an unforeseen accident, however, your spouse could face the financial burden of paying for your funeral costs. Proceeds from your life insurance policy could help cover funeral expenses, taking the pressure off your spouse.

For information on life insurance policies and costs, contact Strack Insurance Services, Arlington, TX.

Running a successful business isn’t an easy task. Every business owner in Arlington, TX understands the fact that every venture faces myriad challenges and the worst can happens when a disaster strikes. This is the primary reason why you need a commercial insurance policy from Strack Insurance Services to protect your company from the unforeseen risks.

However, only a small number percentage of small business owners file commercial insurance claims every year. One of the top reasons as to why insurance companies tend to receive fewer claims is that some people don’t know when to claim their commercial insurance. So, when should you claim your commercial insurance?

Whenever There Is Business property Damage

When a disaster such as a storm or fire strikes and damages your expensive equipment, then you should file a commercial insurance claim for compensation. The business property coverage offers comprehensive protection to your business building and everything that is inside it.

After all, isn’t that the primary reason why you are paying your insurance premiums? A disaster can strike any time, and all that you have to do is to document evidence of what has been damaged in the incident and forward the information plus all the proof to your insurance service provider.

When Your Business Is Sued

The law requires every business in Arlington, TX to carry basic liability coverage, and that is what you will need when your business is sued. You need to remember the fact that an accident can occur at your business premises and you will be required to settle the hospital bill of the person involved in the accident.

The victim may also choose to file a lawsuit against your business compelling it to pay for the injuries sustained and the emotional pain and suffering. Be sure to file a claim when you find yourself in such a situation since your liability coverage is meant to protect you from expensive lawsuits.

Are you a business owner in Texas and the surrounding areas? Contact Strack Insurance Services today for your commercial insurance policy.