Month: October 2026

Can I Use My Life Insurance As Income?

Posted on by AgentInsure

Making wise financial decisions can be challenging for everyone. Many of these decisions involve planning for the disposition of your assets after you pass away. If you’re near Hope Mills, NC, our team at Cross Creek Insurance invites you to visit our office to discuss your insurance options. We’ve been helping clients like you since 2001.

Can I Use My Life Insurance As Income?

While most clients buy life insurance to provide financial support for their families after they pass away, some choose policies that also allow the policyholder to access part of the policy’s value as a source of income during their lifetime. These funds are generally referred to as living benefits. While some living benefits are distributed at planned intervals, other policies include a rider that allows a payout upon request.

Some clients choose a life insurance policy with a cash value component, allowing the policyholder to withdraw part of the cash value once the policy has accumulated sufficient funds. Another type of living benefit is a long-term care rider, which allows a portion of the policy’s funds to be used to help cover long-term care costs if needed.

Contact Us Today for Your Appointment

Life insurance is often a tremendous source of support for families, and it can bring real peace of mind knowing your policy can provide that support when it’s needed most. Our team at Cross Creek Insurance has the experience to help you understand the different types of life insurance policies available. Clients near Hope Mills, NC, have come to know that our team provides excellent client support. Give us a call today and let us help you find the life insurance policy that’s best for you.

What is Surplus Lines Insurance?

Posted on by AgentInsure

If you’re a North Carolina business owner, you’re required to carry commercial insurance. Our team at Cross Creek Insurance will help ensure you have all the coverage your company needs. Business owners near Hope Mills, NC, are invited to visit our office to learn more about what we offer. We’ve been working with corporate clients like you since 2004.

Surplus Lines Insurance

While most North Carolina businesses can get the commercial insurance they need through standard, or "admitted," policies, some ventures require surplus lines insurance instead. Businesses typically need this type of coverage for dangerous, large, or especially high-risk activities, such as a large skyscraper, high-risk coastal property, or an extremely large event. Surplus lines insurance is generally issued for property and casualty policies, and it’s often sold by insurers who aren’t licensed to operate as admitted carriers in your home state.

To qualify for surplus lines insurance, the broker involved typically needs to demonstrate that a thorough search was conducted through admitted insurance agencies and that coverage was denied before turning to the surplus lines market. These policies generally cost more than standard commercial insurance, largely due to the increased risk associated with the properties or events being insured. If you believe your business or event may require surplus lines insurance, ask one of our agents how to purchase this type of policy.

Give Us a Call Today for Your Appointment

Every company is unique, so every company needs a uniquely tailored commercial insurance portfolio. Our team at Cross Creek Insurance has the expertise to support your insurance needs. Corporate clients near Hope Mills, NC, have discovered that we offer excellent customer service. Call our office for your appointment today.