If you have been thinking about buying a life insurance policy but you don’t know how you are going to pay for it, it is pertinent that you come up with a plan for a budget so that you can make the premium payments. You can ask anyone and you will hear over and over how important it is to invest in life insurance. Not only does it provide you with peace of mind in knowing you can leave your loved ones financially protected if you were to pass away but it’s also a great way to invest money if you buy a whole life policy that comes with a cash value. For now, Linda Dugan Insurance serving the Astoria, OR area would like to share two tips for budgeting for a life insurance policy.
Get Your Priorities In Line
Sure, that $2 McChicken and small fry from McDonald’s might be quick and convenient for lunch each day, but this is costing you $60 a month. What if you chose a healthier lunch option that you can bring from home and instead of spending the money at McDonald’s, you invest it in an insurance policy? Budgeting for a life insurance policy starts with getting your priorities straight.
Set a Goal and Stick to It
If you want to invest in life insurance, you can set a goal to set aside $50 a month to pay for your premium. When you set goals, studies have shown that they become much easier to meet rather than trying to accomplish something without putting a plan in place.
If you would like to learn more about budgeting for life insurance, please contact Linda Dugan Insurance serving the Astoria, OR area.
As Your Business Grows, So Should Your Coverage
Commercial insurance policies provide coverage for many different aspects of your business- from liability and property damage to business interruption coverage. As your business grows its value is also increasing. We recommend that all of our commercial clients in the greater Astoria, OR area sit down with one of the agents at Linda Dugan Insurance each year to review their policies and discuss any changes that may need to be made.
One of the foundational pieces of the commercial insurance coverage puzzle is Commercial General Liability Insurance, sometimes referred to as CGL. This policy type will protect your business from the risk that can come with owning a business. This protection from claims brought forward by customers or employees will likely need to grow with you as your business expands. Similarly, as your inventory, commercial assets, and any commercial buildings and vehicles that your company owns an increase in value, so too should your coverage.
Whether you are concerned about your increased liability coverage needs or want to explore a Key Person policy, your annual policy review is the perfect opportunity to make sure that all of your commercial insurance needs are being met at the appropriate coverage level. Our team is highly knowledgeable of commercial insurance and how to implement a portfolio strategy that provides you with the breadth of coverage to protect your business interests. Contact us today and schedule your commercial policy review!
The team at Linda Dugan Insurance is here to protect your business interests in the greater Astoria, OR area, and help you to protect all of the hard work that goes into owning a business. Contact us today to schedule your annual review of your commercial insurance needs.