What type of life insurance should I get?

Anyone that lives in the Astoria, OR area will have many different types of insurance that they need to obtain. One very important form of insurance that anyone here needs to consider getting is life insurance. This form of insurance will provide protection to your dependents. There are two common forms of life insurance you should consider when picking your next policy.

Term Life Insurance

A very common form of life insurance that many people choose today is term life insurance. When you get a term life insurance policy, you will be able to build a policy based on your personal needs. This will include having a coverage amount for a defined period of time, which could range for over 25 years. Compared to other forms of coverage, this is the more affordable option in many cases. However, coverage will end once the term of the policy is over.

Whole Life Insurance

Another type of insurance that you can consider getting is whole life insurance. When you get this insurance, you will obtain coverage for the rest of your life if you want to have it. While premiums tend to be more than with term life, some of your payment will grow and accrue in an account that you could liquidate in the future. This can make it a good addition to any financial plan.

As you are shopping for life insurance in and around Astoria, OR, you should call Linda Dugan Insurance. Choosing a new policy is never easy and you are bound to have a lot of questions. If you do call Linda Dugan Insurance, you can learn a lot more about your different options. This could help to ensure that you choose a policy that is right for your situation. 

Commercial Insurance Requirements in Oregon

Owning a small business is not for the faint of heart with many people staking their livelihoods on the success of their company. Consequently, it is imperative that business owners protect their most important and likely largest investment by choosing a commercial insurance policy that best fits their needs and includes enough liability coverage to protect themselves against a worst-case scenario.

Specific to Oregon, business owners are required to carry commercial insurance to protect both their business, employees, and third parties. No matter whether you have full-time or part-time employees, you are required to have workers’ compensation insurance which helps pay the medical bills associated with an employee’s workplace injury or illness. Additionally, if your business owns any vehicles then you must have commercial auto insurance meeting at least Oregon state minimums for liability coverage. Although not required, if your employees utilize their personal vehicles for business use, then their auto insurance is unlikely to cover them while on the clock making it imperative that you purchase hired and non-owned auto insurance.

At Linda Dugan Insurance in Astoria, OR our friendly team of knowledgeable insurance experts will take the time to learn about your business so we can recommend a customized commercial insurance policy that exceeds your expectations. After hearing your needs, we can help make recommendations about additional policies like cyber liability insurance or malpractice coverage that may make sense for your business. Shopping for insurance does not have to be complicated and we strive to make it a simple process so give us a call today to learn about our commercial insurance policies and we promise to deliver exceptional service in a timely fashion.