For most people, having a life insurance policy can help them leave behind something needed for their family after they are gone. When people depend on you, your income may be indispensable to your loved ones. To make sure there is money left behind, you need a life insurance policy, But which type of policy do you choose? You need to know about the two main types to decide which type is right for your needs and budget. When you want life insurance in Denver, CO, you can call us today at AFI Insurance.
Whole Life Insurance
This type of policy comes with several great benefits. These policies aren’t for everyone, as they can be expensive, but they have significant advantages. A whole life insurance policy is named this because it stays good for the rest of your life. This policy never expires and remains in effect no matter your age. This type of policy also has the advantage of building up a cash value as the years go by. This becomes an amount that the policyholder can borrow if they have a strong financial need.
Term Life Insurance
Term life works very differently with a set amount of time for which the policy is good. During this term, the policy is good but no longer valid when it ends. Term life does not build up a cash value. However, it is an inexpensive type of insurance that can better fit into many people’s budgets, making it possible for them to have life insurance.
Get Your Life Insurance Policy
You need a life insurance policy to ensure that your loved ones are taken care of. In Denver, CO, call us at AFI Insurance.
Colorado is a great place to own a business, and it’s essential to know the types of commercial insurance you need. If you have a Colorado business, there are two types of commercial insurance your company might require. You need to learn what they are and whether each is required for your specific business. In addition to these policies, you should also look into other helpful coverage types. Make sure you know what is available and how it can help you protect your business and finances. Call us at AFI Insurance in Denver, CO to find out more.
Commercial Auto Insurance
Does your Colorado business own a vehicle? If so, you are required to have a commercial auto policy on it. This is true for each vehicle that you own. This policy protects you and your business by paying for the property damage and injuries that can be caused in an accident. The state has different types of coverage required to be in these policies, including bodily injury liability amounts and an amount for property damage liability. You can add to the state’s minimums if you want better protection. You can also add collision insurance which pays for the damages to your company’s vehicle.
Workers’ Compensation Insurance
Your Colorado business must also have workers’ compensation insurance if it has any number of employees. The state assumes that anyone working for your company is an employee, and they must have a policy in place. This coverage protects you from having to pay the high medical bills due when someone is injured at work.
Get Commercial Protection
When you have a business to protect, we can help. Just call us at AFI Insurance in Denver, CO.