Tips for Buying Life Insurance in Texas

Life insurance ensures that your beneficiaries can lead a comfortable life financially even after your demise. Here are some tips for buying life insurance in Texas;

Understand the type of insurance you need
While life insurance is imperative and necessary, do not rush into taking one before you research and analyze your insurance needs.  There are different types of life insurance policies, and understanding how each will help your beneficiaries will help you decide which one you should choose

Consult a financial professional
Understanding your current financial standing and the financial needs of your family in the event of your death will guide you in selecting the suitable policy. 

Determine the extent of your coverage
What amount do you need your heirs to receive as your death benefit? This figure will influence the amount of on your premiums and the level of coverage.

Get the right policy
After establishing the extent of your coverage, get a policy that will meet your requirements. For instance, you could choose a policy with an annuity payout instead of a lump sum payout policy. With an annuity payout, your beneficiaries will receive the death benefits over the next few years.

Choose a reputable insurer
A life insurance policy ought to take care of your loved ones once you are no more. Consequently, you should choose an insurer whose track record is undisputed. Do your research by reading through reviews and asking for recommendations from satisfied clients.

Ty Lawrence Insurance Agency has been providing life insurance policies to the Austin, TX residents since 1984. We attribute our success to our customized services, reliability, and straightforwardness. Contact us today and speak to one of our agents about the available life insurance coverage options. Also, browse our website for our other insurance solutions in Texas.

Does Your Commercial Policy Cover Your Employees and Customers?

Business owners must carry adequate insurance coverage in order to protect themselves and their livelihood from damages that can disrupt their revenue stream and ability to conduct business as usual. Many owners can become caught up in the day-to-day obligations that come with running a successful business and let their insurance needs fall by the wayside.

A surprising number of business owners do not revisit their policies as their businesses grow. New businesses are required to carry policies by their bank or financial partners or their landlord, and once they have these policies in-place as they start out they simply let them auto-renew each year. We recommend that all of our commercial clients review their coverage each year and ensure that liability protection for incidents involving employees and customers is at a sufficient level.

There are many different facets of your business that benefit from commercial insurance coverage:

  • Property insurance
  • Vehicle and driver insurance
  • General liability
  • Inventory and equipment
  • Key Person coverage
  • Business interruption

All of these different aspects of your business can be adequately covered by the appropriate policies that you select with assistance from the team at Ty Lawrence Insurance Agency. If you are a business owner in the greater Austin, TX area, it is essential that your liability protection grows with your business. Claims involving damages that must be paid to employees and customers can cripple your firm if your coverage is below an adequate level.

If you are in need of a general liability policy, or you would like to review your current insurance portfolio, we can help. Ty Lawrence Insurance Agency is proud to serve the many hard-working business owners in the greater Austin, TX area, and we would welcome the opportunity to work with you!