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LIFE INSURANCE IS IMPORTANT FOR YOUNG FAMILIES, TOO

[ 1 ] December 21, 2011

A 2004 study showed that up to 75% of those that died between 35-years-old to 55-years-old left their significant other without Life insurance coverage that was adequate.¹ This statistic might be attributed to the fact that many don’t like to think about an early death, much less the surviving family members being forced out of the home and liquidating all of the personal assets to afford the everyday cost of living.

The possibility of an early death, and the financial hardship that an early death might impose on other family members, is something that should never be ignored. Life insurance is a vital tool to prevent such potential circumstances from becoming a reality. The well-being and monetary needs of the surviving family members should be considered when choosing a type of Life insurance.

How to Choose the Right Life Insurance Coverage

The right decision is most always synonymous with an informed decision. Before you choose any specific policy or option, make sure that you understand what each type of Life insurance policy will cover and cost. Then, and only then, can you make a well-informed decision about what coverage will best suit your specific need and circumstance.

Term and Permanent Life insurance are two common types of Life insurance that you might want to consider. Term Life insurance is essentially a temporary form of Life insurance. It will provide coverage and pay benefits only during a designated or preset time period. On the other hand, Permanent Life insurance will provide coverage during the entire lifetime of the individual. It can also have the benefit of accruing a cash value over time. However, for the coverage to remain valid, premiums must be paid on time. There are benefits and drawbacks to each type of Life insurance; it really depends on the specific needs of the family.

You will also want to consider how much Life insurance will cover the needs of remaining family members. Number of family members, debt, future debt, and ability to afford the various Life insurance premiums will all play a role in how much Life insurance coverage is best.

Be Prepared

Financial solvency for young families can be ensured with a Life insurance plan. However, even the best laid plan can become dated as life changes. So, part of being prepared also includes periodically reevaluating your Life insurance coverage.

^* National Association of Insurance and Financial Advisors (NAIFA) 2004.

Contact Campbell & Boyd to know more about Life Insurance.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel: 802-257-9500

email: ddboyd@campbell-boyd.com

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Benefits of group Life insurance

[ 1 ] December 5, 2011

As an employer, it is essential to reward your employees with group life insurance for their contribution to your business success. Many insurance companies have various policies that can benefit you and your company. By gathering a multitude of group life insurance quotes, you can decide on the most affordable and convenient policy that satisfies your employees’ wants and needs while still maintaining a positive work environment. A type of life insurance, group life insurance is a policy that covers a large group of people under one contract. In most cases, the policy owner is an employer and the policy insures the employees of the organization. While it may not always be the case, group life insurance is often provided as part of a benefit package and is much cheaper than an individual policy.

Group life insurance provides several benefits to both the employer and employee, making the decision to invest in a policy a no-brainer:

Employer Advantages:
1. Federal income-tax deductible premiums
2. Desirable benefit to offer newly-hired employees
3. Strengthens employee loyalty and self-confidence
4. Reduced employee turnover, saving you money in hiring and training
Advantages:
1. Premium life insurance at an affordable rate
2. Ability to name beneficiary

Strengthens security and morale

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel: 802-257-9500

email: ddboyd@campbell-boyd.com

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AUTO THEFT

[ 0 ] December 2, 2011

KNOW THE FACTS TO HELP AVOID BEING A VICTIM OF AUTO THEFT

According to the FBI’s National Crime Information Center, one vehicle is stolen about every 25.5 seconds in the U.S., which amounts to a total of 1,235,226 stolen U.S. vehicles and upwards of 7.6 billion dollars in vehicle losses. Despite the tremendous expense involved when a car is stolen, many consumers still aren’t preparing in advance to handle the possibility of a vehicle theft. A number of common misconceptions have contributed to consumers adopting a defeatist attitude about vehicle theft. There are a number of vehicle owners that feel it’s all but impossible to prevent becoming a victim of vehicle theft, even when protective methods like anti-theft devices are used. This type of defeatist attitude can have serious and unnecessary consequences for vehicle owners.

The Wiser Drivers Wise Up project was started by the Council of Better Business Bureaus, the Insurance Information Institute, and The National Insurance Crime Bureau to dispel the defeatist attitude and teach drivers how to handle their vehicle being stolen. The program includes five auto theft myths that can actually leave a vehicle owner more vulnerable to having their vehicle stolen:

Older vehicles aren’t targeted by thieves.
The majority of vehicle thefts occur in unprotected areas.
Anti-theft devices aren’t hard to install.
The police usually find stolen vehicles.
Insurance companies always provide victims of vehicle theft with a rental car.

In closing, vehicle owners shouldn’t make the costly mistake of assuming vehicle theft is an inevitable occurrence. It’s also advisable to do an annual review of your Personal Auto Insurance policy for mandatory coverages, needed coverages, and coverage features like rentals and roadside assistance.

Contact Campbell and Boyd Insurance Services, Inc to know more about Personal Auto Insurance.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel: 802-257-9500

email: ddboyd@campbell-boyd.com

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Life isn’t about finding yourself. Life is about creating yourself.

[ 0 ] November 30, 2011

Yes! Life may have ups and downs; you cannot find peace by avoiding life. It is in our hand to make things smooth for ourselves at situation to go on in life. How can we make things smooth despite of crisis? Here comes tips such as being optimistic, being cool, being good. In terms of economical crisis tips like insuring for life, auto, business helps you to be cool. Campbell and Boyd Insurance Services, Inc shoulders your sorrows. Life Insurance protection is going to be one of the most important kinds of coverage that you ever purchase, and that is why it is essential that you put the proper amount of time into finding a policy that will give your beneficiaries the right amount of protection, but will come with a premium that you can afford.

For many, the knee-jerk reaction when searching for the cheapest possible life insurance protection is to purchase a plan that is going to come with a smaller face value. The face value of your policy is the amount of money that the insurer will pay towards the beneficiaries when they submit a claim. People who purchase a smaller amount of protection with a smaller face value are going to find that they will get cheaper prices. However, these individuals may be sacrificing coverage that their family is going to need. There are better and more secure ways to save some money on your life insurance protection.

When looking for the best and most affordable life insurance protection, you will want to look at the different kinds of policies that are offered. While some people are going to want to purchase a term plan that will come with low rates to begin with, others are going to be searching for whole life insurance that will come with an investment potential and will last their entire lifetime. Whatever may be your need Campbell and Boyd Insurance Services, Inc offers you the best coverage of Life Insurance you need to protect you, and your loved ones at the time of crisis and even at the time your loss.

CAMPBELL & BOYD

20 Technology Dr, Ste 4

PO Box 1260

Brattleboro, VT 05302

tel: 802-257-9500

email: ddboyd@campbell-boyd.com

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Insurance for Every Need

[ 1 ] October 29, 2011

Campbell & Boyd, located in Battleboro, VT, is specialized in Personal Insurance and Commercial Insurance Products. Connect us with Social networks like Facebook and LinkedIn