Whole life and term life insurance are two of the most common types of life insurance policies available at Partners Insurance & Financial Services Inc. for Huntington, WV families. Whole life insurance offers a permanent life-long financial safety net for you and your family. It provides a guaranteed death benefit as well as a cash value component that can grow over time. This makes whole life insurance an attractive option if you are looking for long-term financial stability.
Term life, on the other hand, is designed to provide coverage for a predetermined “term” – usually 10, 20, or even 30 years. The premiums are typically much lower than those of whole life policies, making them more affordable for many people. Unfortunately, once the policy expires, it is no longer valid, and there is no cash value component to the policy.
Overall, both whole life and term life insurance have their own unique features that may appeal to different individuals and families depending on their needs and budget constraints. If you’re looking for an affordable way to provide financial security for your loved ones in the event of your death, term life could be the right choice for you. On the other hand, if you want to build up some cash value over time while also providing your heirs with a guaranteed death benefit, then whole life might be better suited to your needs.
Reach Out To Us
If you have any additional questions or want to find a policy that is right for you and your family, give us at Partners Insurance & Financial Services Inc. a call today. We probably serve the Huntington, WV area.
Making sure your employees stay happy and productive is ultimately going to be based on their mental health. In the past, an employee’s mental health was considered to be no concern of an employer, but now that we better understand how mental health affects all aspects of our lives, it is crucial for employers to take an active role in improving the mental health of their workers. At Partners Insurance & Financial Services Inc, we are here to help you better understand how you can help your employees in Huntington, WV and the surrounding areas.
Encourage A Healthy Communication Culture
A lot of the stress that employees experience at work is caused by the culture of the workplace. When there is not a healthy culture of communication at work, it can make it difficult for employees to be felt heard. It can also contribute to toxic work environment behaviors being perpetuated because people will not feel at liberty to speak out concerning these types of problems. All of these can ultimately contribute to poor mental health among your employees.
Consider Mental Health PTO Days
Paid time off should be used at the discretion of each employee. Employees should not feel that they owe a detailed explanation of why they need time off. Sometimes a person may need time off for reasons that they do not wish to share. When the person feels that they are not at liberty to do this, it can take a toll on their mental health.
Keep A Light Hearted Environment
You can keep a productive workplace while also maintaining a light-hearted environment. Employees should not feel that their worth as individuals is based on their productivity or the success of the company. Help employees remember that this is just a job and that our jobs do not ultimately define who we are.
Reach Out To Us
If you would like to learn more about commercial insurance, please contact us at Partners Insurance & Financial Services Inc, serving Huntington, WV and the surrounding areas.
With the thought of a storm looming in the Huntington, WV area, it can be difficult to know what steps to take in order to prepare your home for bad weather.
Here are a few tips from us at Partners Insurance & Financial Services Inc. to help you stay safe and sound.
Preparing Your Home For A Storm
1. Check your roof and gutters for any potential damage or clogged debris that could cause water damage during a storm. Make sure all gutter systems are properly secured and clear of any blockages.
2. Trim branches away from your house and put away outdoor furniture, such as chairs, tables, and barbecues. This will reduce the risk of them being thrown around by powerful winds or getting damaged by hail or falling branches.
3. Bring in any outdoor decorations, toys, and other loose items to prevent them from flying away due to strong winds. Similarly, close windows and shutters if possible in order to protect against flying debris.
4. Prepare an emergency kit with essentials like food, water, medications, flashlights, batteries and anything else you may need in case of an emergency situation.
5. Keep plenty of sandbags around your home in case you need to divert floodwater away from certain areas or protect the foundation from potential flooding issues later on down the line.
Also, Keep Your Home Insurance Policy Updated
A little preparation can go a long way when it comes to protecting against storms; taking these proactive steps can help save you time and money should one occur!
For more tips to keep your home and family safe, call us at Partners Insurance & Financial Services Inc. today! We can help you get the best home insurance policy for your needs. We proudly serve the Huntington, WV area.
Technology makes it easier than ever for auto insurance companies to rate drivers and rate individuals who live in the same home. The ratings are then used to help determine how much you should pay in auto insurance premiums. One of the tools that are becoming more and more common is a tool called household ratings.
At Partners Insurance & Financial Services Inc., serving the greater Huntington, WV area, we have had clients ask what household ratings are and why insurance companies use them. Keep reading to find the answer to this question.
What Does It Mean If an Auto Insurer Utilizes Household Ratings?
When an auto insurer uses a household rating system, they assess every driver over the age of 18 who lives at one address. They determine how many accidents or tickets each of those drivers has had recently, and then they base your policy premiums on this. The logic behind this is that you and those who live with you may share vehicles.
What If You Don’t Agree With the Household Rating System?
If you have a driver at your residence who has a bad driving record, they can cause the insurance company to provide you with a rating that causes your rates to skyrocket. However, most insurance companies will allow you to exclude the bad driver from your policy, meaning that that driver will not be covered if they drive your car. This helps to ensure your auto insurance rate is set based on your driving record, not your household driving record.
Contact Us Today
Technology has changed the way that auto insurance companies decide how much someone will pay for auto insurance. However, this does not mean that you have to pay more than you should for auto insurance. If you are looking for fair and reasonably priced auto insurance in the greater Huntington, WV area, the agents at Partners Insurance & Financial Services Inc. can help you find a new auto insurance policy. Call us now to get started.
Some jobs are just by nature dangerous. Firefighters and police officers are continuously in dangerous situations to protect others. Logging, construction, and fishing are among the most dangerous jobs there are. People with these jobs need life insurance most of all. Consult with Partners Insurance & Financial Services Inc. serving Huntington, WV for all your insurance needs, including life insurance policies for jobs that put you at risk.
Life Insurance For Dangerous Jobs
Be Prepared For A Lot Of Questions
When you apply for life insurance, the insurer will want to know how much of a risk you are. This affects which policies you qualify for and what your rates will be. They will want to know just how dangerous your job is. For example, a parking enforcement officer may not be in as much danger as a member of a SWAT team. You may have to describe your day, including what safety equipment and procedures you use. They will want to know if you work with chemicals or machinery. If you drive or fly on the job, they will want to know about your certifications as well as the frequency and miles traveled.
The Problems With Group Coverage From Your Employer
It’s common for companies that hire people for risky jobs to offer a group plan for their employees, but it may not be all you need. Depending on how many people you want to be covered in the event of your demise, the coverage may not go far enough. Plus, because it’s tied to your job, it won’t cover you if you switch jobs. Either individual term life insurance or a permanent life insurance policy would be the better choice.
Contact Us Today
Your job may be dangerous, but it is very necessary. You deserve life insurance to take care of your family in the event of the worst. Partners Insurance & Financial Services Inc. in Huntington, WV will help you find what you need.
If you’re a contractor in Huntington, WV, chances are you’ve heard of commercial insurance but may not know exactly what it is or what it covers. Partners Insurance & Financial Services Inc. can give you a brief overview of commercial insurance and some of the things it can cover for contractors in West Virginia.
What is Commercial Insurance?
Commercial insurance helps protect businesses from financial losses. It covers property damage, liability claims, and lost income. Insurance companies offer different types of coverage depending on the needs of the business, so it’s important to talk with an agent to find out what type of coverage is right for you.
Commercial Insurance for Contractors
As a contractor in West Virginia, there are a few things that you should make sure your commercial insurance policy covers.
- Damage to property that you may cause while working. This includes things like accidentally drilling through a water line or breaking a window.
- Any injuries that occur on the job site. This includes things like slips and falls or even more serious accidents. If someone is injured while you’re working, they may try to sue you for damages. Having commercial insurance can help protect you from these types of liabilities.
- Lost income if something prevents you from working. For example, if a storm damages your work site and you can’t work until it’s repaired, your policy should cover any lost wages during that time.
Contact Us Today
As a contractor in Huntington, WV, having commercial insurance is crucial to protecting your business from financial losses. It covers property damage, liability claims, and lost income. Make sure to talk with Partners Insurance & Financial Services Inc. to determine what type of coverage is right for your business needs.
Home is where we feel that our families and loved ones are comfortable. However, owning a house also involves inherent risks like fire and vandalism. These unfortunate events can be stressful, subjecting you to detrimental financial consequences. Consult with our agents at Partners Insurance & Financial Services Inc in Huntington, WV and we will assist you with the home coverage that you need.
Here are some benefits that are included with home insurance:
Protection of assets
Home insurance is designed to shield your home and the belongings stored in it. If a calamity occurs, your dwelling will get repaired or reconstructed, and your personal property will be reimbursed or replaced.
Provides additional living expenses
This policy can help settle the accrued additional expenses. It can range from food to accommodation in case you reside elsewhere as your house is being repaired or reconstructed in the aftermath of a peril.
Provide liability protection
Lawsuits from third parties against damage to their property and inflicted injuries by either you or your family members can be very stressful. However, worry not because liability coverage comes in and settles for medical bills accrued by a guest residing on your premises.
Get Home Insurance Today
Contact us today at Partners Insurance & Financial Services Inc. in Houston, TX and we can get you the home insurance coverage that you need.
If you’ve recently made a major life change such as getting married, moving to a different state, or adding a child to your family, you’ll want to be sure to update your auto insurance policy to reflect these changes. Out-of-date auto insurance policies can be a hassle and can be especially bad if you discover you’re not covered for something because of it.
At Partners Insurance & Financial Services Inc., serving the Huntington, WV area, we pride ourselves on helping drivers navigate the world of auto insurance and find a policy that suits their needs.
When To Update Your Auto Insurance
If you’ve recently added a new car or a new driver to your house, it’s time to update your auto insurance policy to reflect that change – and the sooner, the better! Updating your policy helps to ensure that the new car or driver is properly covered under the terms of the policy so that, in the event of an accident, they’ll be able to access the help that insurance can provide.
Leaving a new car or driver off of your policy can spell trouble for a lot of reasons, not the least of which is simply not being covered in the event of an accident, fire, theft, attack by vandals, etc.
Give Us A Call
Contact us at Partners Insurance & Financial Services Inc. today and we’ll help you find the right auto insurance policy for you, or help you update your existing policy to one that suits your needs better. We’re proud to serve the Huntington, WV area, and are glad to be of service to all drivers in the community. You deserve to enjoy driving, and having a good, up-to-date insurance policy will go a long way toward giving you that peace of mind.
Understanding all the different kinds of life insurance can seem daunting at first, especially if you’re new to life insurance. That’s why many people opt for term life insurance, which suits many types of people, including those who are on a budget and are fine with temporary coverage.
Partners Insurance & Financial Services Inc. in Huntington, WV is here to guide you through this important insurance coverage.
Here are three benefits of term life insurance:
- More affordable – On average, term life insurance policies are less expensive than whole life policies, since they provide coverage for a certain amount of time. If the policy expires during your lifetime, your beneficiaries won’t receive the death benefit. Because of the lower amount of risk your insurance company takes you, you can benefit from lower premiums. Whole life insurance policy premiums are higher since they pay out no matter when you die.
- More flexible – You have a wealth of options determining how long your term life insurance policy should last. Typically, you can buy coverage that lasts between 1 and 30 years. If you have coverage that lasts for 1 or 5 years, you can use it to help cover current expenses, like your child’s tuition, or short-term debts. A longer-term policy, like a 30-year term, can help cover bigger payments, like your mortgage.
- Simpler – Because term life insurance is generally easy to understand, shopping for a term life policy and comparing quotes is quite simple. As long as your premiums are paid for, you’re covered throughout your policy’s duration. You only have to make three key decisions: how long you want your coverage to last, how much term life insurance coverage you need, and which insurance company you want to do business with.
Contact Us Today
If you’re in the Huntington, WV area and are exploring your life insurance options, Partners Insurance & Financial Services Inc. would be the perfect insurance company for you. With over 30 years of experience, our skilled and knowledgeable agents are committed to providing you with customized insurance protection at competitive rates.
For more information about how we can help you and your family, give us a call and we’ll let you know about your coverage options.
Insurance, as you well know, protects people and businesses from financial loss. When you’re running a business, you take on a certain amount of risk, and damages can sometimes be very costly or even financially devastating. The last thing any business owner would want to do is pay for those losses out of pocket, and that’s why it’s a good idea to buy business insurance.
Now, you might be asking, “Am I required to buy business insurance?” The short answer is no, but there are a number of types of business insurance you should know about. They’re available to businesses when faced with a lawsuit or claim or in the event of a catastrophic disaster. Partners Insurance & Financial Services Inc. in Huntington, WV offers the following guide.
Business Insurance: What You Need To Know
In most states, including West Virginia, businesses are required to carry workers’ compensation insurance. Covered risks under this type of policy include injured workers’ lost wages, theft, and more. Without this coverage, your business has to pay expenses out of pocket when a worker files a claim – an event that could totally ruin your business if you lack the financial resources.
Although disability insurance isn’t required in West Virginia, businesses are strongly encouraged to buy this coverage as well. That way, if an employee with a disability is unable to complete their tasks on the job due to their condition, they can still earn at least a portion of their income. This coverage helps not only the employee but also the employer since they don’t have to worry about a possible compensation lawsuit.
Contact Us Today
If you’re running a small business in the Huntington, WV area, chances are that you’ve considered buying business insurance coverage. For expert insurance advice, Partners Insurance & Financial Services Inc. is here to help you. For more information about how we can serve you, give us and get in touch with one of our trusted partners.