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California Insurance Blog

Two Types of Life Insurance

Having a family means having people who depend on you. You need a good life insurance policy when you need to leave something behind after you’re gone. There are two main types of these policies. Each of them has its pros and cons. Leaving loved ones behind with financial burdens isn’t what you want to do, and life insurance can help. When you want a policy of your own, call us at THINK Insurance & Financial Services in Pomona, CA.

Whole Life Insurance 

This type of life insurance is popular with those who want to have ownership over their policies. When you get a whole life policy, the policy stays good for as long as you continue paying for the policy. It doesn’t expire. When you have this policy, you can get coverage that the company can’t cancel if you keep making the premiums. With the other type, the policy expires. Many people like that you don’t ever have to get a new policy, no matter your age. These policies also have a cash value built up over the years. The policyholder can borrow that amount if they need it. This gives many people extra peace of mind. 

Term Life Insurance 

This type of insurance has an expiration date. It stays good for the number of years written into the policy. The tradeoff to this is that these policies can be very inexpensive. When people struggle to include life insurance in their budgets, they often choose term life insurance because of its affordability. A low monthly payment can mean coverage for people who otherwise couldn’t afford life insurance. 

Get Covered with Life Insurance

When it’s time for you to choose a life insurance policy, we’re here to help. Call us at THINK Insurance & Financial Services in Pomona, CA. 

Required Commercial Insurance in California

If you have a business in California, you know how many rules and regulations there are. There are rules for everything, and the types of business insurance you get are no exception. Two types are required for many businesses to have if those businesses meet the qualifications. There are also many other types of business insurance that you may need, but that isn’t required. Policy types like cyber insurance and commercial real estate insurance may be needed for your specific business. Call us at THINK Insurance & Financial Services in Pomona, CA to get started with a commercial policy.

Workers’ Compensation

This is a type of insurance that comes in very handy for both employers and employees. If your California business has any number of employees, even just one, you’re required to have this insurance for them. This is true for both full-time and part-time employees. This coverage pays for the medical bills from a worker being injured while working. It also covers them against getting any work-related illnesses. Without this coverage, your business could owe an enormous amount in medical bills. And for employees, it ensures that money is available for their injuries if they should have an accident. 

Commercial Auto

This insurance type is required for any California business that owns a vehicle of any type. There are a few amounts required to be in this policy. These are an amount for property damage liability, an amount for one person who has injuries from an accident, and an amount that is for everything who becomes injured. In California, these amounts are extremely low, so adding to the minimum coverage for better protection may be a good idea. 

Get Commercial Insurance 

Call us at THINK Insurance & Financial Services in Pomona, CA for your commercial policies. 

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