Buying life insurance is essential if you want to make sure that your family will enjoy financial security. NY Twin Bridges Insurance Agency provides life insurance to consumers in Albany, NY.

When choosing a policy, you need to familiarize yourself with life insurance policy features. Here are four of the best features that a life insurance policy can offer. 

Term length choices

If you decide to buy term life insurance, you’ll have to choose the length of your life insurance term. Term life insurance is usually sold for increments of time ranging from five to 30 years.

It would be best to determine how long your beneficiaries need coverage to choose the right term length for your situation. 

Policy loans

Consumers who purchase any type of permanent life insurance may have the option of taking out loans against their policy’s cash value. 

Death benefit amount options

When you buy life insurance, you’ll be able to select from numerous death benefit amount options. You need to choose a death benefit amount that will offer your beneficiaries adequate financial support if you pass away unexpectedly and your income is lost. 

Tax advantages

One of the best things about life insurance is its great tax advantages. Consumers should know that the death benefit from a life insurance policy is not subject to any taxes.

This means life insurance is a great way to ensure that your beneficiaries will receive financial support after you die, even if you owe taxes when you pass away. 

Do you have questions about life insurance in Albany, NY? We can provide you with the answers you want if you call us. At NY Twin Bridges Insurance Agency, we can offer you a quote on a life insurance policy that will offer your family financial security. 

For businesses of all sizes in Albany, NY, our team of insurance professionals at NY Twin Bridges Insurance Agency can help protect your company from liability, theft, and more. As a freelancer, you may wonder if your business needs protection from liability and other concerns like large companies. While your freelancing business may have different concerns and requirements than a massive corporation or business that hires multiple employees, you may still benefit from commercial coverage. Even if you’re a freelancer or a sole proprietor, you can still look into how commercial insurance can keep your business safe from various unexpected expenses and issues.

What Types of Commercial Insurance Are Good for Freelancers?

Depending on what your freelance business does, you may find some types of commercial insurance more beneficial than others. For example, if you have a company vehicle and deliver goods or services to customers on a freelance basis, you may benefit from commercial auto insurance. This will protect the vehicle you use for business in ways that traditional non-commercial auto coverage might not be able to do.

For those who need liability coverage, liability commercial insurance may be ideal for freelancers. No matter what type of freelancing you do, you could find yourself on the receiving end of a lawsuit or litigation. To prepare for this scenario, it pays to have commercial coverage that provides liability protection. Even if you never think you’ll use it, it’s better to prepare for something that may not happen than find yourself stuck without the necessary protection. Once you expand your freelancing business, you can consider worker’s compensation coverage.

Call our team in Albany, NY at NY Twin Bridges Insurance Agency today for commercial coverage for any business size and more!