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Life & Umbrella Insurance
Personal Insurance Policies
Plan Your Family's Future With a Life Insurance Policy
An important part of planning the future for yourself and your family is the right life insurance policy. Be prepared for your family's sake by providing for their needs even after you're gone.
We'll help you find the right policy and coverage options to ensure that your family's needs are adequately covered. Have a look at the types of life insurance policies below. Contact
us to schedule a consultation today.
Term Life Insurance Policy
The salient features of the term life insurance policy include:
- Provides protection for a specified period of time
- Provides a good start, if you don't already have a life insurance policy
- Less expensive than whole life insurance
- Available in varying time periods with fixed premiums, from a one-year (annual renewable term) period to a 20-year (level term) period
- Flexible enough to be converted to permanent coverage when required
Whole Life Insurance Policies
These policies are permanent in nature, and remain active for your lifetime as long as the premiums are paid regularly and as agreed upon in the policy. Whole life insurance act as investment opportunities as well, as many of them build cash value over time.
Universal Life Insurance Policy
Also permanent in nature, universal life insurance is characterized by the following:
- Flexible premiums
- Face amounts
- Unbundled pricing structure
- Building of cash value
Universal life insurance policies earn interest rates that can be adjusted periodically, but there's no saying that it won't fall below a certain percentage.
Why Should You Have a Life Insurance Policy?
Life insurance policies not only safeguard the future of your family after you're gone, but they also have several benefits and act as investment opportunities.
Life Insurance Death Benefit: Your named beneficiary(s) receive income-tax-free compensation for funeral expenses, debt, tuition, estate taxes, or any other financial need. This benefit also provides for business security by enabling your business partners to buy out your interests and prevent a forced liquidation of assets.
Living Benefits: Your whole life insurance policy may build cash value over time, but you won't need to pay taxes on the growth unless you withdraw the money. You can take loans and other withdrawals against the cash value of such a permanent life insurance policy, in order to pay for college tuition, the down payment of your home, or any other major expense.
Update Your Life Insurance Policy Regularly
Your life insurance policy, its limits, and its coverage must be updated and tuned when you encounter a life-changing event or make a major financial decision, such as:
- You're concerned about retirement income
- You're providing care or financial assistance to a parent
- You have a new child or grandchild
- You're planning for a child or grandchild’s education
- Your child or grandchild requires assistance or long-term care
- You opened or expanded your business
- You have a sizable estate
- You recently purchased a new home
- You've refinanced your home mortgage in the past six months
- You've recently become married or divorced
- You or your spouse recently received an inheritance
- Your health or your spouse’s health has deteriorated
Personal Umbrella Insurance Policy
Your current liability limits may not be adequate to protect your assets or your future income against liabilities that are often difficult to predict, such as an accident on your rental property or a fire in your condo that has spread to your neighbor's property.
An extra level of protection does not hurt. Personal umbrella liability insurance protects and secures your assets and your future from such unforeseen circumstances. Contact
us to ensure the security of your future as well as your family's with a personal umbrella insurance policy.
The Coverage of Your Personal Umbrella Insurance Policy
Your personal umbrella insurance policy takes over in the following cases:
- If a covered loss exceeds the limits of all your home, auto, and other underlying insurance policies, your personal umbrella insurance provides at least $1,000,000 of protection, and in some cases, with higher limits
- Some loss claims that are not covered under your existing insurance policies can be paid for by your personal umbrella insurance
- The policy also pays for your spouse and family members anywhere in the world, and provides for legal defense fees as well
Contact
us today to find the right coverage for your personal umbrella insurance policy that meets your current and future needs.
Medical Payment Coverage Options
Several medical coverage options exist to cover your medical expenses when you, or the occupants of your vehicle, have been injured in an accident, regardless of whose fault it is.
Uninsured / Underinsured Motorist Coverage
The other party in an accident may or may not have an appropriate insurance coverage, or any at all. DuWayne Kreager Insurance Center has several coverage options to ensure that your needs are taken care of regardless of the other party's extent of coverage.
Collision Insurance Coverage
In the event of a collision, you can immediately proceed with the repairs and restoration of your vehicle with a collision insurance coverage, regardless of which driver's fault it is. Most collision coverage plans pay for any repairs according to the fair market value of your vehicle.
However, the coverage comes with an insurance deductible amount that you must pay while your claim is still being processed. The higher the deductible you choose, the lesser you pay for your coverage plan.
Insurance for Your Classic Car
Your classic, collector car is more than just your ride around town; it's your priced investment. We'll provide you an appropriate auto insurance policy by considering several factors:
- Your coverage needs
- Miles driven
- The vehicle's age
- Vehicle modifications, if any
Make sure that you have the perfect policy for your classic car by choosing DuWayne Kreager Insurance Center for your auto insurance needs.
Classic Car Insurance Policy Features
Work with our experienced professionals to choose from a wide range of features for the auto insurance policy that covers your classic car:
- Agreed Value: This is the full amount that the insurance provider has agreed to pay in the event of a covered total loss, after removing the deductible part. The agreed value coverage is superior to the "actual cash value" or "state value" coverage options offered by several providers in the market
- Low Rates: If you drive your collector car part time, SAVE money by avoiding full-time coverage fees
- Generous Mileage: While most collector cars must be driven short of 5000 miles annually in order to maintain their value in the eyes of the insurance provider, we offer you a no-mileage-limit coverage option. Drive your collector car around as much as it pleases you and don't worry about decreasing its value over time
- Roadside Assistance: Flatbed tows don't come cheap unless you have a roadside assistance feature in your coverage. Has your car broken down during a classic rally through the mountains? We can cover you with roadside assistance
From Mustangs and Camaros to Corvettes and Thunderbirds, let us identify the ideal combination of coverage, value, and price for you. Contact
us today for a classic car coverage policy that consistently meets your needs.
Call us
to hire our experienced and knowledgeable staff!
800-200-1340
Our business was established in 1983. We're a member of the Independent Insurance Agents of Wisconsin.