The Front Desk

Informative articles on insurance, and what it means to you on a day to day basis, from the point of view of our receptionist- in plain English. Each article includes a link for you to share with anyone who may benefit.

A New Lease on Life: Life Insurance

Last month's New Year celebrations had good cause; we have a chance to be grateful for the years behind us as we look forward to the years ahead. Chances are, as we clinked champagne glasses with friends and family, the idea of not being around to celebrate with them next year never crossed our minds.

But...what if?

In the event that something should happen to you, will your loved ones be protected? Now that we've embarked on another year of life, it's a good time to think about life insurance.

An Unselfish Investment

Life insurance is truly about ensuring your family has peace of mind if your life should end. Its potential benefits to your loved ones are many, including:

  • Time to Grieve In addition to having funds to pay for your funeral expenses, some extra money will allow your family time to grieve. Your spouse may be able to afford to take time off work, if necessary, and spend more time with children.
  • New Opportunities for Income The benefit from your life insurance policy can actually help your family generate more income in the future by creating opportunities. For example, your spouse may use the benefit as seed money to start a business; your son may use it as tuition for a college education that will lead to a higher paying job; and your daughter may use it to cover living expenses while she trains for a promising new career.
  • Investment Potential Your family can invest the benefit from your life insurance and live off the interest while leaving the principal untouched.
  • Freedom from Debt Another function of a life insurance benefit is to pay off your family's debt. Once unburdened of home mortgages, credit card bills, and car payments, they will be free to use their regular income in more constructive ways.

    Know the Ins and Outs

    Before you start shopping for life insurance, make sure you understand how it works. There are many relevant aspects and terms you must grasp in order to make an informed decision, including:

  • Policy Essentially the written contract of insurance between you and your insurance provider, your policy will contain and explain all the important elements of your life insurance plan.
  • Benefit Also known as a "death benefit," this is the amount of money that will be paid to the person or entity of your choosing upon your death.
  • Beneficiary The beneficiary is the person or entity you have designated to be the recipient of the benefit, such as a spouse or child.

    Types of Life Insurance Not all life insurance policies are alike. Term life insurance, permanent life insurance, and whole life insurance all function in different ways.

    Call or contact Broome Associated Insurance Agency to find out which type of life insurance will best suit your needs and, most importantly, best serve the ones you love after you are gone.

  • My Teen Daughters Car Wreck, Part 3

    Our daughter was issued a citation for “failure to maintain lane control” and was assigned an early January court date. The ticket listed the fine as $50 and the Court Costs as $188- a total $238, which we told her she was going to have to be responsible for, in whichever manner she chose to handle it. We made her aware of her options and the consequences and cost involved with each.
    She could pay the ticket, hire an attorney, or fight the ticket on her own. Each option has different costs and consequences. Read about which path she chose and how it all panned out for her...

    Click Here to read More

    My Teen Daughters Car Wreck, Part 2

    She had driven down a steep embankment and mowed a path through some small trees. Parts of the car were strewn through the brush. The girls had been riding with the convertible top down, and if they hadn’t been wearing their seatbelts, they surely would have been thrown from the car. Had they hit any of the larger trees, even with seatbelts, their injuries would have been much more severe.

    Click Here to read More

    My Teen Daughters Car Wreck, Part 1

    One night this past November, we received the phone call that every parent of a teenager dreads. Our daughter was on the phone with my husband, telling him she had been in a car accident. I could hear her voice through his phone, so I knew she was at least alive, and he reassured me on the way there that she was okay. Still, winding through the sharp curves to get to her, I got more nervous and was unprepared for the scene we came upon.

    Click Here to read More

    Categories:car insurance

    Insurance for the Age of Technology

    Times have changed, and North Carolina insurance options have followed suit. Today, most of us rely heavily on technology to keep both our businesses and our personal lives running smoothly. We store enormous amounts of valuable information on computers - everything from that data required to keep a business in operation to scans of precious family photographs. But technology is never flawless. Though it usually makes life easier, it's also subject to glitches and breakage, as well as vulnerable to viruses, hackers, and theft. Here are just a few examples of stressful situations that illustrate the importance - and the vulnerability - of the technology on which we so heavily rely:

    Click Here to read More

    Keep Warm Wisely: How to Safely Heat Your North Carolina Home

    Heat comes to us in many forms: electric, gas, portable space heaters, wood stoves, and fireplaces. All of these can pose a threat to a North Carolina home's safety, not to mention that of its residents if they are not properly maintained and managed. According to the U.S. Fire Administration, heating fires are the second leading cause of all residential building fires. About 50 percent of all fires that result from home heating equipment are reported during the months of December, January, and February. Fortunately, it is possible to stay warm safely this winter by following a few simple suggestions.

    Click Here to read More

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