I get asked a lot for tips on how to reduce the costs of life insurance so since September is Life Insurance Awareness Month I put this together as a few things you can do.
I hope it helps...
* Make a Lifestyle Change - Nothing will decrease your policy bill like a lifestyle change! Rates are lower for people who don't take as many risks... so if you want to reduce rates, try cutting back on the sky diving and moto-cross racing.
* Only Buy What You Need - Consider taking a little time to determine whether your policy currently meets your needs. Although you dont want to buy too little insurance, buying more than you need can be expensive.
* Clean Up Your Credit - People with poor credit often get denied life insurance or are put into special programs with high premiums. Clean up your credit and go back to your agent to ask for a review of your credit to lower your rates.
* Consider a Rider Policy - Instead of paying large premiums by changing around your policy to include lots of extensions, consider adding on a rider policy to meet a few additional needs. This may be more cost effective than going through the process of changing your entire policy and trying to rework it to fit all of your needs perfectly.
If you have questions regarding other ways to save money on your life insurance policy, feel free to contact me at any time.
Get a review today!
Saturday, September 17, 2011
Thursday, March 31, 2011
We Are Farmers! Bum Bu Dum Bum Bum Bum Bum
Are you ready for your 15 minutes of fame?
Farmers is looking for the best family friendly music videos for our
Farmers Jingle Contest!
The three categories are:
1) Solo - one person performing
2) Small Group - between 2 and 49 people performing.
3) Large Group - 50 or more people performing
Click here to enter our Contest!
Farmers is looking for the best family friendly music videos for our
Farmers Jingle Contest!
The three categories are:
1) Solo - one person performing
2) Small Group - between 2 and 49 people performing.
3) Large Group - 50 or more people performing
Click here to enter our Contest!
Monday, March 28, 2011
How to protect yourself and your family if you get sued and what to do before you get sued!
If insurance is for a rainy day, umbrella insurance is for a storm!
A day when someone hits you with a lawsuit for hundreds of thousands, even millions, of dollars. Think it can’t happen to you? Do you know how lawsuit-crazy this country is? You can’t pick up a newspaper these days without reading about somebody suing somebody else for … what? You read the article and say, “That’s crazy. There’s no way somebody should be able to sue for that.” Well, guess what? The courts are clogged with these “crazy” lawsuits, and sometimes the person bringing the lawsuit wins. Do you really need coverage for these crazy lawsuits? Maybe not.
But remember that a lot of lawsuits aren’t crazy at all. Some get settled. Actually, most get settled. Often, the person being sued winds up paying something to the person who brought the lawsuit. And that doesn’t even include the fees the defendant in the lawsuit has to pay to his or her attorney.
How Far Will Your Current Protection Really Go to Protect You?
∗ Example. Say you’re at fault in an auto accident that causes serious injuries to the driver and/or passenger(s) in the car you hit. Your auto insurance has liability limits of $100,000 per person and $300,000 per accident. (Which are pretty common limits, by the way, even for people with a lot of assets.)
How far do you think $100,000 will go, particularly if the person or persons involved suffer injuries that keep he/she/them from working for months, even years? The accident victim(s) could sue you for his/her/their medical bills, lost income, even pain and suffering. In this scenario, $100,000 is not nearly enough coverage.
Guess what happens if, say, you are hit with a judgment in the case of $250,000 for one person involved in the accident? Your auto liability insurance will cover the first $100,000 — and you’re stuck for the rest. And that doesn’t even include the legal fees you have to pay to your attorney. In addition, in some cases, you might have to pay all or part of the legal fees the other party or parties incur. Ouch.
Umbrella insurance is for these very rainy days. While it may seem unnecessary, it really isn’t, particularly for people with homes and other significant assets to protect. Do you really want to hand over your house and/or gains in the stock market to someone you injure in an auto accident? It could happen. But it doesn’t have to.
Umbrella Insurance: Massive Protection for Pennies a Day
Because it is designed for those really rare rainy days, umbrella insurance is cheap. It is also versatile. Umbrella insurance provides additional coverage not only for your auto policy, but also your homeowners or renters policy. Further, umbrella insurance covers things auto, homeowners and renters policies don’t.
Such as? In the insurance world, there’s something called “personal injury.” This is not damage to someone’s body, but to his or her career or reputation.
∗ Example. Imagine you say in public that a certain person is a lying, no-good so-and-so. Maybe you really believe this to be true, but the person is very offended. He or she can sue you for slander (if you say it) or libel (if you write it). If this happens, your umbrella policy will provide coverage, including legal fees, up to the limits of the policy.
Umbrella insurance also covers personal injuries such as invasion of privacy, wrongful entry, wrongful eviction, false arrest, false imprisonment and malicious prosecution. Some umbrella policies will provide coverage if you are sued because of your service on the board of a civic, charitable or religious organization.
∗ Note. Umbrella insurance doesn’t cover everything. For example, if you are sued and the court assesses punitive damages against you, those damages won’t be paid by your umbrella insurance. What are punitive damages? They are damages awarded to someone in order to punish the person being sued. Punitive damages are awarded for outrageous, totally reckless conduct — at least what a judge or jury perceives to be outrageous, totally reckless conduct.
You can usually buy umbrella policies with $1 million limits for $200 to $300 a year. If you need more than $1 million limits, you can usually buy each extra $1 million of coverage for $100 to $200. Think about this. For only a few hundred dollars, you can increase your per-person liability limits 10 times, 20 times, even 30 times — and it applies to both your auto and homeowners or renters policies as well.
Umbrella Coverage: How It Works…
Umbrella insurance actually “sits” on top of your auto and homeowners or renters liability coverage. Say you have a per-person liability limit of $100,000 on your auto policy. Say also that you cause an accident in which a driver or passenger in the other car is ultimately awarded $250,000.
Your auto policy will pay the first $100,000, and your umbrella will kick in the remainder. Well, almost the remainder. Like auto policies, umbrellas have deductibles. Usually anywhere from $250 to $2,500. But a deductible of even $2,500 is a small price to pay if you’re hit with a $250,000 judgment.
Because umbrellas are over the top of the auto, homeowners or renters liability limits, some insurers offering umbrella policies require you to have your auto and homeowners with these companies as well. But that’s not really a problem because most insurers are positively tickled to be able to provide someone’s auto, homeowners or renters, and umbrella insurance.
In addition, most insurers offering umbrella coverage require you to have liability limits of a certain amount on your auto and homeowners policies. Typically, this minimum is $100,000 for homeowners and $100,000 per-person for auto.
Yes, you could chose to increase your auto and homeowners liability limits to, say, $1 million for each policy. But not every auto and homeowners insurer offers such high limits.
∗ Tip. And, do you know what? Your umbrella policy is usually a cheaper option than increasing the limits on your auto and homeowners insurance. Plus, you get the additional “personal injury” coverage that is not available in your auto and homeowners or renters policies.
Be a smart consumer...but don’t try to be your “own agent.” Protection for you and your family requires constantly vigilance....and a partnership between you and your professional agent. For the latest information on how to save money AND get the best protection for yourself and the people you care most about
call Farcone Insurance at 888-327-2663.
A day when someone hits you with a lawsuit for hundreds of thousands, even millions, of dollars. Think it can’t happen to you? Do you know how lawsuit-crazy this country is? You can’t pick up a newspaper these days without reading about somebody suing somebody else for … what? You read the article and say, “That’s crazy. There’s no way somebody should be able to sue for that.” Well, guess what? The courts are clogged with these “crazy” lawsuits, and sometimes the person bringing the lawsuit wins. Do you really need coverage for these crazy lawsuits? Maybe not.
But remember that a lot of lawsuits aren’t crazy at all. Some get settled. Actually, most get settled. Often, the person being sued winds up paying something to the person who brought the lawsuit. And that doesn’t even include the fees the defendant in the lawsuit has to pay to his or her attorney.
How Far Will Your Current Protection Really Go to Protect You?
∗ Example. Say you’re at fault in an auto accident that causes serious injuries to the driver and/or passenger(s) in the car you hit. Your auto insurance has liability limits of $100,000 per person and $300,000 per accident. (Which are pretty common limits, by the way, even for people with a lot of assets.)
How far do you think $100,000 will go, particularly if the person or persons involved suffer injuries that keep he/she/them from working for months, even years? The accident victim(s) could sue you for his/her/their medical bills, lost income, even pain and suffering. In this scenario, $100,000 is not nearly enough coverage.
Guess what happens if, say, you are hit with a judgment in the case of $250,000 for one person involved in the accident? Your auto liability insurance will cover the first $100,000 — and you’re stuck for the rest. And that doesn’t even include the legal fees you have to pay to your attorney. In addition, in some cases, you might have to pay all or part of the legal fees the other party or parties incur. Ouch.
Umbrella insurance is for these very rainy days. While it may seem unnecessary, it really isn’t, particularly for people with homes and other significant assets to protect. Do you really want to hand over your house and/or gains in the stock market to someone you injure in an auto accident? It could happen. But it doesn’t have to.
Umbrella Insurance: Massive Protection for Pennies a Day
Because it is designed for those really rare rainy days, umbrella insurance is cheap. It is also versatile. Umbrella insurance provides additional coverage not only for your auto policy, but also your homeowners or renters policy. Further, umbrella insurance covers things auto, homeowners and renters policies don’t.
Such as? In the insurance world, there’s something called “personal injury.” This is not damage to someone’s body, but to his or her career or reputation.
∗ Example. Imagine you say in public that a certain person is a lying, no-good so-and-so. Maybe you really believe this to be true, but the person is very offended. He or she can sue you for slander (if you say it) or libel (if you write it). If this happens, your umbrella policy will provide coverage, including legal fees, up to the limits of the policy.
Umbrella insurance also covers personal injuries such as invasion of privacy, wrongful entry, wrongful eviction, false arrest, false imprisonment and malicious prosecution. Some umbrella policies will provide coverage if you are sued because of your service on the board of a civic, charitable or religious organization.
∗ Note. Umbrella insurance doesn’t cover everything. For example, if you are sued and the court assesses punitive damages against you, those damages won’t be paid by your umbrella insurance. What are punitive damages? They are damages awarded to someone in order to punish the person being sued. Punitive damages are awarded for outrageous, totally reckless conduct — at least what a judge or jury perceives to be outrageous, totally reckless conduct.
You can usually buy umbrella policies with $1 million limits for $200 to $300 a year. If you need more than $1 million limits, you can usually buy each extra $1 million of coverage for $100 to $200. Think about this. For only a few hundred dollars, you can increase your per-person liability limits 10 times, 20 times, even 30 times — and it applies to both your auto and homeowners or renters policies as well.
Umbrella Coverage: How It Works…
Umbrella insurance actually “sits” on top of your auto and homeowners or renters liability coverage. Say you have a per-person liability limit of $100,000 on your auto policy. Say also that you cause an accident in which a driver or passenger in the other car is ultimately awarded $250,000.
Your auto policy will pay the first $100,000, and your umbrella will kick in the remainder. Well, almost the remainder. Like auto policies, umbrellas have deductibles. Usually anywhere from $250 to $2,500. But a deductible of even $2,500 is a small price to pay if you’re hit with a $250,000 judgment.
Because umbrellas are over the top of the auto, homeowners or renters liability limits, some insurers offering umbrella policies require you to have your auto and homeowners with these companies as well. But that’s not really a problem because most insurers are positively tickled to be able to provide someone’s auto, homeowners or renters, and umbrella insurance.
In addition, most insurers offering umbrella coverage require you to have liability limits of a certain amount on your auto and homeowners policies. Typically, this minimum is $100,000 for homeowners and $100,000 per-person for auto.
Yes, you could chose to increase your auto and homeowners liability limits to, say, $1 million for each policy. But not every auto and homeowners insurer offers such high limits.
∗ Tip. And, do you know what? Your umbrella policy is usually a cheaper option than increasing the limits on your auto and homeowners insurance. Plus, you get the additional “personal injury” coverage that is not available in your auto and homeowners or renters policies.
Be a smart consumer...but don’t try to be your “own agent.” Protection for you and your family requires constantly vigilance....and a partnership between you and your professional agent. For the latest information on how to save money AND get the best protection for yourself and the people you care most about
call Farcone Insurance at 888-327-2663.
Tuesday, March 22, 2011
Farmers Term Life Insurance Policies: Simple Term and Term
Life insurance is one of the most important insurance component of a family household. The least expensive way to get a life insurance policy is to purchase a Term Life Insurance policy. This is the simplest form of life insurance coverage. There are two types of Term Life Insurance - what's called Simple Term and Term.
Farmers Simple Term Life Insurance works like the Term life insurance product, except that the insured does not have to take the medical test which simplifies the life insurance application and speeds up the entire underwriting process. Farmers Simple Term Life Insurance offers fixed payments with face amounts low enough to fit most budgets and guaranteed premiums for 10, 20, or 30 year terms. The maximum death benefit that is available with the Simple Term Life Insurance product is $150,000. Customers who are seeking a higher death benefit must apply for the regular Term life insurance and take the medical exam.
Term Life Insurance provides coverage at a fixed rate of payment for a fixed amount of years. Farmers Life Insurance has a 10 year, 20 year, or 30 year term (or period). If the insured dies during the term, the life insurance company is required to pay out the death benefit to the beneficiary.
Upon completing the life insurance application for a Term Life Insurance policy, the insured is required to complete a blood and urine sample. Based on the results of the application, the underwriting department will determine if the insured is a premier, preferred, or standard risk. Most insured’s will fall into the preferred or standard risk category.
Farmers Auto and Homeowner (including renters) customers could save up to 6% on their auto and home insurance by adding a life insurance policy to their household.
Please call me at 949-709-7860 or visit my website if you have any questions about Farmers term life insurance products.
Farmers Simple Term Life Insurance works like the Term life insurance product, except that the insured does not have to take the medical test which simplifies the life insurance application and speeds up the entire underwriting process. Farmers Simple Term Life Insurance offers fixed payments with face amounts low enough to fit most budgets and guaranteed premiums for 10, 20, or 30 year terms. The maximum death benefit that is available with the Simple Term Life Insurance product is $150,000. Customers who are seeking a higher death benefit must apply for the regular Term life insurance and take the medical exam.
Term Life Insurance provides coverage at a fixed rate of payment for a fixed amount of years. Farmers Life Insurance has a 10 year, 20 year, or 30 year term (or period). If the insured dies during the term, the life insurance company is required to pay out the death benefit to the beneficiary.
Upon completing the life insurance application for a Term Life Insurance policy, the insured is required to complete a blood and urine sample. Based on the results of the application, the underwriting department will determine if the insured is a premier, preferred, or standard risk. Most insured’s will fall into the preferred or standard risk category.
Farmers Auto and Homeowner (including renters) customers could save up to 6% on their auto and home insurance by adding a life insurance policy to their household.
Please call me at 949-709-7860 or visit my website if you have any questions about Farmers term life insurance products.
Sunday, March 13, 2011
Frank Magana wins our Grand Prize for the 2010 FIA Just keep Talking Referral Program
We are very happy to announce that our 2010 winner of our FIA Just Keep Talking Referral Program is Frank Magana. Frank won a Vizio 42" LCD HDTV for just referring his friends, family and clients to the Farcone Insurance Agency. Everytime you send the Farcone Insurance Agency a referral you have a chance to win! Frank did and he is our big winner in 2010!
2011 we are giving away an IPAD and $500.00 cash! Plus every month we will be picking two winners for a $25.00 and a $50.00 American Express gift card. Plus... We are giving away quarterly prizes as well!
So what are you waiting for?
Refer a friend today and get your entry in our two grand prizes for Farcone Insurance 2011 "GOING THE EXTRA MILE" Referral Program !
Thursday, March 10, 2011
Make sure you record the contents in your home.
In case of a fire or flood or any other disaster – a burglary, whatever – inventory your personal belongings and keep record of the list. knowyourstuff.org is a free, useful tool to get you started.
In the dreadful case of a disaster, having a thorough recording of your stuff will make the claims process go more smoothly and get you back to normalcy more quickly.
http://ezasset.appspot.com/viewOnlyNoLogin.do?page=front_kys_take&brand=iii
In the dreadful case of a disaster, having a thorough recording of your stuff will make the claims process go more smoothly and get you back to normalcy more quickly.
http://ezasset.appspot.com/viewOnlyNoLogin.do?page=front_kys_take&brand=iii
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