Month: March 2023

Why Conduct a Policy Review with an Expert?

Posted on by Michael Singh

Insurance is not a one-size-fits-all matter. Different people with different situations require different coverage and different types of policies. This is why we highly recommend against purchasing a policy online without consulting an insurance expert! If you purchased your insurance online, or perhaps you simply haven’t taken a look at your policy in a while, it may be time to go over and review your policy with an expert and here’s why.

Your Situation May Have Changed

Life is ever changing and as you experience changes in your life, your insurance policy should change with them. For example, you may have a child that has moved out. While they were previously on your policy, it may be time to remove them and have them receive their own insurance policy. Another example is you may have someone driving your car frequently, but they’re not listed on your policy as an approved driver for your vehicle. These are just two examples, but the possibilities are endless as to why you may have to change your policy.

It May Be Time for a Re-shop!

Many people receive a policy that they are satisfied with and never take a look back. They pay for their coverage every year or every month, and don’t give it a second thought. What if we told you that there may be a cheaper policy out there for you with the same OR BETTER coverage and premiums than what you have? Our goal at Singh Insurance and Financial Services is to find the best coverage at the best price and frequently after years of good driving, there may be a cheaper option out there for you.

It’s Important to Understand

It is truly astounding how many people have insurance, but don’t understand what each component means. What’s a premium? What’s bodily injury liability? What’s a deductible? These are all questions that we’ve received. There’s no need to be embarrassed, these fine details can be complicated, but that’s what we’re here for. We would be happy to elaborate and explain each of these terms to you and let you know just how much your policy allows or covers.

We don’t just sell insurance; we educate as well. It is important to us that our customers understand their coverage and have the best rates possible. If you would like to conduct a policy review with an insurance expert, send us an email at info@singhinsurancegroup.com!

Types of Life Insurance – All You Need to Know

Posted on by admin

Life insurance is something that most people do not want to think about. However, if you have loved ones, you care for and depend on financially; life insurance is a necessity rather than a luxury. It will provide people you love with financial security and protection if something happens to you and you are not around anymore. 

If you are considering life insurance,  you should know its two main types to make the right choice. 

What Are The Types of Life Insurance? 

There are two types of life insurance  – term life insurance and permanent life insurance. Here is more information about them:

  • Term life insurance. This type of life insurance is valid for a limited amount of time. Usually, it is provided for 5, 10, 15, 20, 25, or 30 years. You can always extend your policy, but the premium will likely be higher. Term life insurance is cheaper than permanent insurance. 
  • Permanent life insurance. It is a more expensive life insurance option that lasts your lifetime. Also, it has a cash value component that term life insurance policies do not have. Having permanent life insurance guarantees that your beneficiaries will receive the death benefit. 

Singh Insurance and Financial Services LLC – Trustworthy Insurance Agency

Are you thinking of purchasing life insurance? Do not hesitate – it is the right decision and one of the best investments. Choosing the right policy might be difficult, and Singh Insurance and Financial Services LLC are here to help you. Contact us if you have any questions about life insurance or need help choosing the perfect option. We serve clients in Clermont, FL, and other nearby towns in Florida.