Your kids will live a long time - get em' Life Insurance

We all know our kids have been the most important part of our lives from the moment they were born.  The last thing we want to think about is something tragic happening to them.  So lets spend some time talking about them living a long and prosperous life.

The basic premise of life insurance - help cover the possibility of financial hardship that follows the personal tragedy of losing a loved one. 

Oh but wait there's more...

I dont want to think the my kids are ever going to die...so i don't.  I like to focus on the positives so lets look at the "Living Benefit" that permanent Life Insurance provides. 

= Cash Value, Tax-Free growth, and Guaranteed Insurability

• Cash Value - most of the time will not only provide gain, it will guarantee it
• Tax Free growth of a portion of your premium at a guaranteed interest rate
• Guaranteed Insurability - quite possibly be the most important reason for Life Insurance on your child.  It guarantees they have a policy for the rest of their life (provided the premium gets paid) 
• In many cases there will also be an opportunity to add benefit at a later date without going through the underwriting process = NO needles, NO urine samples, not even height or weight questions!
• WHY IS THAT IMPORTANT?  - when you purchased Life Insurance on yourself you may recall the myriad of tests you were subjected to
• If your parents purchased it for you as a child it would be cheaper and BTW - would have cash value at this point $$$$
• Add'l benefit of Guaranteed Insurability - Have a family history of certain types of disease? (i.e - diabetes)  Having a policy as a child would ensure that if and when diagnosed and possibly uninisurable - coverage would already be in place.

When you look into Life Insurance for your children... as always purchase from a professional backed by financially stable company.  For instance - www.delawareinsurance.net or quote@delawareinsurance.net

Thanks again for submissions and please continue to email any suggestions to matt@delawareinsurance.net 

Yeah, that just happened - Car Accident

Without a doubt, the scariest thing to happen in a car - a collision.  So, you just crashed into the back a seemingly nice person at the light down the road from your place.  Now what....

1.  Gut check - make sure everyone in your vehicle has their faculties including you.  If not, try and stay where you are until help arrives as long as there is no immediate danger in the vehicle. 
2.  Call the Police

3.  Begin the documentation -   

• A pen and paper will work just fine...
• Location of the accident
• # of passengers in the other vehicle
• The other drivers insurance information
• Pics
• All angles of the cross streets
• All angles of damage for both vehicles

4.  Cooperate with Police when the arrive
5.  Call your insurance agent i.e. -  matt@delawareinsurance.net

• The agent will be able to help you from here regardless of who's at fault
• In some cases the insurance carriers will battle it out to determine who that may be

BUT BEFORE ANYTHING LIKE THIS HAPPENS - meet with you agent to make sure the coverages you may or may not have chosen are adequate - can't change them after the accident happens

Thanks again - any feedback and ideas are always welcome - matt@delawareinsurance.net