Life insurance is one of the most important investments to protect the things that matter most in life. That said, choosing the right insurance plan could go a long way in helping solidify your financial plan. In this blog, NY Twin Bridges Insurance Agency discusses different life insurance policies you should consider.

• Term life insurance: This policy covers you for a certain period, which could be 5, 10, 20, or 30 years. This policy is ideal if you have a financial plan within a specified timeline. For instance, if you want to ensure your 20-year mortgage payment isn’t interrupted even when you die, you can pick a 20-year term life insurance policy. Once your term life insurance expires, you may renew the policy, but premiums will be higher.
• Whole life insurance: This policy is permanent and covers you for life. If you die when the policy is active, your beneficiaries receive the death benefit to enable them to meet their financial obligations. Another plus of this policy is that it accumulates a cash value you can use to borrow against or supplement your retirement income.
• Universal life insurance: This is much similar to whole life insurance, but you can adjust your premiums and reconfigure the death benefit within certain limits.
• Variable life insurance: This policy offers lifetime coverage and accumulates a cash value. This policy combines the features of life insurance and investment. How so? The policyholder opts for the sub-accounts in which your funds should be invested, affecting your cash value. You can sometimes lose value, depending on the sub-account you choose.

Life insurance in Albany, NY 

Not sure which life insurance policy is suitable for you? Don’t worry. Please contact NY Twin Bridges Insurance Agency, and; we help you with all your life insurance needs.

Most business owners want to protect their businesses, regardless of their size. Protecting your assets is an important part of running and sustaining a business. Commercial insurance protects against losses and other situations that could significantly impact your business. Our NY Twin Bridges Insurance Agency team is committed to helping business owners understand the benefits of commercial insurance.

What is Commercial Insurance?

Commercial insurance protects your business from all kinds of losses, including theft, vandalism, lawsuits, and much more. Commercial insurance can protect injured employees and customers and provide workers’ compensation for injured employees on the job. However, small business owners may feel that their business is too small to invest in commercial insurance, but this isn’t necessarily true. Small commercial insurance is designed for small business owners who still want commercial insurance protection but may have a tiny business.

Small Commercial Insurance

Small business insurance, also referred to as BOP or business owners insurance, can provide the same protection that a commercial insurance policy can provide for larger companies. BOP can protect your business assets, property, income, and more. This is commercial insurance designed to protect small business owners. If you have questions regarding small commercial insurance or BOP, call us. We’d be happy to have an Albany, NY team member explain the benefits that commercial insurance could provide for your small business. Our team will take the time to sit down with you and discuss your options and concerns. We understand that many small business owners may be unaware of the benefits that commercial insurance provides for them.