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life insurance Archives - Harrington Insurance Agency

Handling Life Insurance When A Love One Passes Away

By | Life Insurance

When a loved one passes away, there are so many different things that need to be done. Funeral arrangements need to be made, paperwork needs to be completed and affairs need to be put in order. Without knowing your loved one’s wishes, it can be a difficult task to get everything right. And trying to figure them out while grieving at the same time can be very stressful for everyone involved.

While everyone is well enough to discuss it, now is a great time to figure out what your loved ones want for the future- yourself included. Would you prefer to be buried as apposed to being cremated? Maybe you want your ashes sprinkled in your favorite vacation spot or you are planning a green funeral for yourself. Without imparting that information to your loved ones, you could end up having a funeral that you really didn’t want.

Also, if you have any life insurance, living will or any other types of paperwork your family will need to know about tell them about it now. It will make it much easier on them if they do not have to look for it when they are going through the grieving process after losing you.

Of course, we highly recommend having a good life insurance policy. It can help your family financially through the transition period after you pass away. It can give them a bit of leniency when it comes to paying bills and getting everything in order. Even if you already have a life insurance policy, it might be time to review the coverage you currently have. You may have gotten your policy back before you had children or got your new higher paying job. It is worth checking it over to make sure your family will be covered adequately.

What You Need to Know About Life Insurance and Accelerated Death Benefits

By | Life Insurance, Life Insurance

How does Life Insurance & Accelerated Death Benefits Work?

Life insurance policyholders may have the option of adding ‘riders’ to their policies to cover particular circumstances. One of these riders known as an ‘accelerated death benefit’ may be useful in cases of a serious and life-threatening disease.

With the addition of this rider, the policyholder may be able to draw on the death benefit in advance to pay for medical care. It’s important to note that this only applies in cases of severe illnesses such as terminal cancer, or another disease requiring extensive medical intervention.

When the death benefit is drawn on in advance in this manner, it’s important to be aware that the amount due to beneficiaries upon death will be reduced. In cases where the policyholder recovers from the illness, he or she is not generally required to pay back the benefit. However the value of the benefit will have decreased by the amount previously drawn on it.

In some cases of an accelerated death benefit riders, insurance providers only charge extra for it if it is actually utilized. In other cases, insurers may charge extra for the rider. This is something that should be checked with the life insurance agent when taking out the policy, or when taking the option of adding a rider to an existing policy.

Contact Harrington Insurance Agency in San Jose, CA today if you any insurance needs that need to be met.

How Smoking Can Effect Your Health Insurance Premiums and More

By | Personal Insurance

Smoking Can Effect your Health Insurance, Home Insurance and Life Insurance

A smoking habit may affect various types of insurances including health, life, and home insurance. Health and life insurance premiums tend to be higher for smokers as they often suffer more illnesses related to this unhealthy habit. Homeowners may pay more for insurance premiums due to the added risk of smoking in and around the home. Harrington Insurance Agency in San Jose, CA may be able to show you how much you might save in premiums if you quit – keep in mind though, that it’s likely you’ll have to stay off the cigarettes to achieve any benefit.

Read On How To Quit

The Centers for Disease Control and Prevention (CDC) website has an entire section on the hazards of smoking, advice on how to quit, and how to resist the urge to pick up the cigarettes again. According to the CDC, smoking is the most preventable cause of premature death in the United States. Smokers are at a higher risk for chronic cardiopulmonary conditions that may lead to heart attack or stroke.

The Benefits are Endless

The benefits of ending your smoking habit include improvement of your senses of taste and smell. You may be surprised at what you have been missing in terms of the taste of food and the smell of flowers and plants. Living longer and healthier is worth the effort it may take to quit smoking. You will save money by not buying cigarettes and your CA insurance premiums may decrease once you have firmly become a non-smoker, leaving you extra money to spend on other things that you enjoy.

Contact Harrington Insurance Agency to discuss your health, life and home insurance premiums.

Business Insurance for Your Employees and Yourself

By | Business Insurance

Business Insurance Coverage for your Entire Company

Business owners are free to choose and purchase the types of business insurance protection that best suit their businesses. However, some types of insurance are not optional: for instance workers’ compensation is a mandatory California business insurance product for an employer who has one employee or more.

Workers’ Compensation Insurance For Your Company

By carrying workers’ compensation insurance in your business you cover your statutory obligations to pay for medical treatment, disability and loss of wages if any of your workers suffers a work-related illness or injury. Most employers go beyond the minimum statutory requirements and take steps to avoid employees being harmed in the workplace by providing high quality protective clothing, excellent training in safe working practices and other measures help to keep employees safe. A program to emphasize workplace safety that results in reduced workers’ compensation claims can lower the cost of workers’ compensation premiums paid by the employer.

Some employers who are sole owners or partners in a business choose to include themselves in the coverage when they purchase workers’ compensation. Suffering an occupational injury that left you unable to work for an extended period could have disastrous financial consequences for you and your business; owners of small businesses might want to consider consulting an insurance agency to ask whether they are eligible to purchase workers’ compensation insurance for themselves and discuss the benefits and costs of purchasing this coverage.

Harrington Insurance can shop the market to find suitable California business insurance solutions for your business. Consult an insurance agent for advice on business or personal insurance matters and assistance in managing your insurance needs.