What type of life insurance should I buy?

Answering the question "what type of life insurance should I buy" is not simply a matter of saying one type or another. Life insurance is not one size fits all or one type fits all. Deciding what type of life insurance is best for your particular circumstances and time of life is something that is best discussed with your insurance professional. In Astoria, OR that is Linda Dugan Insurance where our experienced staff can help you to make a decision that makes sense to you. 

Before you decide the type of insurance you should buy you need to understand the different types of life insurance available and what you expect from that insurance. 

Whole life

Whole life insurance covers you for your entire life. It accumulates cash value and is a valuable asset and part of overall financial planning. It is, however, the most expensive type of life insurance. 

Term life 

Term life insurance is what the name implies, insurance that lasts for a certain term. It can be a short term or for as long as 30 years. Some term policies can be renewed for an additional term but they accumulate no cash value and make sense for large amounts of coverage for young families. 

Universal Life

Univeral is a hybrid.  It has flexible payments with part of it going to investments so that there is accumulated cash value and it lasts for your entire life as long as you keep up your payment. You decide how much you save. Unlike whole life, your premiums can increase over time. 

Deciding what type of insurance is a big deal. It will affect your lives and budget for years to come. The experienced agents at Linda Dugan Insurance in Astoria, OR look forward to sitting down and talking to you about your life insurance needs. Stop by our office or give us a call. 


Why does an Astoria OR business need commercial insurance?

If you have an interest in starting your own small business and being your own boss, finding the right place to start and grow your organization is very important. One great place for any small business owner is Astoria, OR. This area of Oregon has a great local economy and has a variety of policies that are favorable for businesses. If you are going to start a company in Astoria, OR, you need to have commercial insurance. 

Allows for Insurance Compliance

One reason why you will want to have commercial insurance is that it will allow you to comply with a variety of different agreements that you sign. Depending on how your business is capitalized and operated, you could have lenders, landlords, and investors that all want you to have commercial insurance due to the protections it provides to all stakeholders. Having a quality and full commercial insurance policy will help you to comply with this requirement

Keeps You Solvent

Even if you are not required to carry it, commercial insurance is a great option as it will help to keep you solvent during challenging situations. The commercial insurance will provide you with both property and asset protection as well as liability protection. This means you will have coverage if your assets are damaged in a fire, if they are stolen, or otherwise damaged. You will also have coverage if you are sued for liabiltiy. In either situation, it can help to keep you afloat during the hard times.

Choosing the right commercial insurance policy is a big choice. Because of this, you should call Linda Dugan Insurance to discuss your insurance needs. The team at Linda Dugan Insurance can help anyone to pick a policy that is right for their organization and gives the necessary types of protection.