When Should You Get Life Insurance?

Life insurance can help protect family members left behind after death in Hope Hills, NC. Many young people do not think about life insurance because they are more concerned with the present time instead of the future, and no one wants to think about his or her premature death. The best time to purchase life insurance is at birth because, as each year passes, a policy becomes more expensive. When a parent purchases life insurance for a child, the policy is prepaid and then transferred once the child turns 18.

The cash from life insurance grows tax-deferred. When a policy is purchased at a young age, the money can be used as a down payment on a home or, if held onto long enough, it could be used to supplement retirement income instead of being used for death benefits. Since many people struggle with finances in today’s economy, many choose to skip life insurance. It is important to know that there are options available depending on needs. An agent at Cross Creek Insurance can help you with the right options for your situation.

If life insurance is not purchased when the child is young, it’s best to purchase it under the age of 35. However, many people in this category are more concerned with paying immediate bills than worrying about the future.

It can be costly to forgo life insurance at a young age. It’s usually much cheaper to purchase earlier in life. Not only can be it be more expensive, it can also be more difficult to acquire life insurance. As an individual gets older medical conditions can arise, which lead to higher premiums and the possibility that coverage could be denied.

Contact an agent at Cross Creek Insurance serving Hope Hills, NC to get a quote for life insurance.

Does Your Auto Insurance Coverage Damage Caused By Drunk Driving?

If you live in Hope Hills, NC and caused an accident while drunk driving, you may be worried about your insurance coverage. We at Cross Creek Insurance can assure you that some types of policies will help even if you are drunk driving.

If you have liability insurance on your car, then your policy will cover the accident you cause while driving drunk. That is the purpose of liability insurance: to cover problems that you cause in an accident. However, it will only cover the damage that you cause to others.

For example, if you seriously devastate somebody’s car in an accident and cause them any kind of injury, your insurance will pay for their repair and health bills. However, your liability coverage will have a limit and, if courts decide you must pay these expenses, you will pay the rest once your insurance is done.

And if you are convicted of a DUI offense or any other crime after the accident, your insurance rates will skyrocket. At that point, you are now considered a high-risk driver. While that label won’t stay on your record forever, it will be hard to shake. Thankfully, your policy will not be canceled by your provider because of an accident.

If you are not only drunk but driving recklessly (such as driving at extreme speeds), your legal problems are going to be huge if you are caught. However, your insurance company will still pay for any accidents you cause, as long as you have liability insurance.

The reasons they pay for both drunken driving and reckless driving accidents is simple. While these actions are against the law, you did not engage in them to cause an accident. Therefore, people injured by your actions will still get help from your policy.

Obviously, it is best if Hope Hills, NC residents simply avoid drunk driving completely. And if you live in the area and want great liability insurance, please contact us at Cross Creek Insurance today.