When getting life insurance, you can find the right coverage at any age. However, the younger you get it, the better off you’ll be. For example, if you purchase life insurance between the ages of 20 to 35, you may end up with lower premiums than policyholders getting a later start. The George Ryan Jr. Insurance Group Inc team in Bourbonnais, IL can help you choose the right policy for your situation.

How Life Insurance Benefits Younger Policyholders

For those with families, life insurance can cover living expenses for beneficiaries. This might include a mortgage or other major bills. It can also fund student loans for your children when the time comes. Plus, most policies come with a death benefit to offset the cost of final expenses.

As you age, you can add coverage for additional children and expenses.

Should Those Over 50 Get Life Insurance?

Most nonsmoking people can get life insurance over age 50. If you have major medical concerns, it could affect your eligibility and premiums. After age 60, you might want to consider term life to lock in a premium for the policy’s life. Discuss your needs with your agent to get the proper coverage.

What About Life Insurance Over Age 65?

If you’re planning ahead, this is not the ideal time to purchase life insurance. However, seniors with little debt can look into insurance for final expenses. Ask your insurance professional if there are any policies that do not require a health exam. This is a great way to fulfill your final wishes without burdening your loved ones.

Experienced Life Insurance Agency in Bourbonnais, IL

Contact George Ryan Jr. Insurance Group Inc to learn more about obtaining life insurance in Bourbonnais, IL.

What is the difference between whole and term life insurance?

Whole life insurance is a type of permanent life insurance that covers your entire lifetime. As long as you pay your premiums, your policy will remain active and guarantee that your loved ones are protected in case of an unexpected death. Unlike other types of life insurance, such as term life insurance, whole life insurance guarantees a certain payout amount once the insured person passes away. This means that whatever amount you select to be paid out – whether it’s $50,000 or $5 million – will be guaranteed to go toward your loved one’s financial needs after you pass away.

On the other hand, term life insurance provides coverage for only a fixed period or a “term.” This means it only covers you for a certain number of years – typically 10, 15, 20, or 30 years. If the person insured under the policy dies during this term, their loved ones will receive a payout according to the policy terms; however, once the term is over, they will no longer be covered by the insurance provider and will need to purchase another policy if they wish to be protected in case of an unexpected death.

While both whole life and term life insurance provide valuable coverage to protect your loved ones financially in case of an unexpected death, which type of life insurance is best depends on your specific needs and situation. For more information, call the George Ryan Jr. Insurance Group Inc today. We proudly serve the Bourbonnais, IL area and would be glad to help you find a policy that is best for your needs and situation.

Do you have enough money to keep you financially secure if you are in an accident or become seriously ill? Do you live in or around the Bourbonnais, IL area? The professionals at George Ryan Jr. Insurance Group Inc can explain the benefits of health insurance.

Health insurance covers the entire or part of a person’s medical expenses. As with other types of insurance, the risk is shared among many people.

Anyone can become seriously ill or be in a crippling accident at anytime. Age does not matter. Even the young can be susceptible to misfortune. Without the financial protection, a health insurance policy can provide, the result can be devastating.

Did you know that a broken leg can cost as much as $25,000? Without a health insurance policy, the entire cost would be your responsibility. With health insurance, if you have a $1000 deductible, you will pay that, and the insurance will pay the other $24,000. That is why health insurance is vital.

In the event of an unfortunate diagnosis, such as cancer, the cost of treatment over a period of time can really accumulate. If surgery is involved, the cost can be devastating. It can eat up a savings account in no time at all.

A health insurance policy provides many benefits. A yearly preventive care physical is usually covered with no copay or deductible. Lab work, vaccinations, and other tests will be covered as well. There is no better way to ward off illness. Preventive care does just that. It prevents an illness from becoming more severe and allows for early detection and subsequent treatment.

Let the professionals at George Ryan Jr. Insurance Group Inc help you on your way to better health and financial security. Contact our team today.

Does my business need commercial insurance? This is one of the frequently asked questions from our Bourbonnais, IL clients. Unknown to them that accidents happen all the time, and they can happen to any small or big business. Without commercial insurance, you pay for damages caused by accidents out of pocket. The truth is some perils can bring a standstill to your business if the resulting injuries or damage are heavy.

Because businesses operate in a risky environment, George Ryan Jr. Insurance Group Inc emphasizes the need for commercial insurance for all companies. Let’s look at why your business needs commercial insurance.

• It’s required by law: Your state will likely require some aspects of commercial insurance. For instance, Illinois requires business owners to have workers’ compensation insurance to protect employees.
• It protects your employees: Workers’ compensation insurance comes in handy when employees suffer work-related illnesses or injuries. The benefits include medical care, missed work wages, or funeral benefits in case of death.
• It builds business credibility: Commercial insurance protects your business and sends a message to your investors and customers. Most customers want to associate with a company that manages their risks and provides proper protection in case of an accident.
• Gives you peace of mind: Commercial insurance offers you all the peace to focus on business development as a business owner. With coverage options like property insurance and business liability, you have peace of mind knowing your policy will cover you financially when the worst happens.

Commercial Insurance in Bourbonnais, IL 

Commercial insurance is vital for running a business, regardless of the industry. It helps protect your hard-earned business, so you don’t get into a financial disaster if an accident occurs. If you are looking for commercial insurance in Bourbonnais, IL, and its surroundings, look no further than George Ryan Jr. Insurance Group Inc. Please contact us today for an affordable quote.

After spending countless hours exploring in your own Bourbonnais, IL backyard or playing ball with your friends, it’s natural that you’d want to take those recreational activities outside your property’s confines. One way to do so is by purchasing an all-terrain vehicle (ATV). However, before you run out and buy the first ATV you see, read this article from George Ryan Jr. Insurance Group Inc so that you can make an informed decision.

What is your riding experience?

An in-depth understanding of what you’re getting into can help you choose a good ATV. If you’ve never ridden before, consider a lower power model. An average beginner’s power level is 400-500cc. It depends on your height and weight, so do your research and consult with your dealer.

Where do you plan to ride?

Riding an ATV can be a lot of fun, but certain areas require special gear. If you plan to ride in areas prone to flooding, you’ll want to get an ATV with a higher-quality rubber track that can handle heavy water. Similarly, a four-wheel drive is a must-have if you plan to ride in areas without graded trails. Some manufacturers offer certified and approved models for use on public ATV trails.

Who will ride the ATV?

An ATV is a motorized vehicle that can be shared between multiple people. For kids under 12, the size should not exceed 50-70cc. Those models aren’t meant for adults and can be damaged if ridden by one.

Final Words

Taking the time to consider these factors will help you make a more informed decision. It’s important to remember that you’ll want to invest in recreational insurance too. Contact George Ryan Jr. Insurance Group Inc of Bourbonnais, IL today.

Motorcycles are relatively affordable, but they are also very risky to insure. If you have one in your garage, there’re steps you can take steps to ease the burden on your wallet. Consider investing in a quality motorcycle insurance policy. 

Motorcycle insurance rates depend on various factors, including your age, the type of motorcycle you ride, your previous driving record, and the risk your insurer perceives from your profile. Do you live in Bourbonnais, IL? Get in touch with George Ryan Jr. Insurance Group Inc. 

Saving on Motorcycle Insurance 

Taking precautions to stay safe on the road, publishing your policy details, and working with an insurer that offers a discount for motorcycle safety classes are just a few ways to save on motorcycle insurance. Many insurers issue a discount if you buy a policy online instead of by phone. Some insurers offer a discount if you take a motorcycle safety class. Others offer a discount if you purchase a policy for a specific time. Ask your insurer about all of the options that may apply to you. Tips to save on motorcycle insurance: 

• Join the club 
• Infrequent rider discount 
• Drop full coverage 
• Choose the right bike 
• Raise your deductible 
• Ask about discounts 
• Get additional coverage for extras 

Also, consider any discounts available, such as a Good Driver Discount or a policy for Motorcycle Only use. Lastly, if you ever plan on letting someone else ride your motorcycle, like your spouse, make sure they have the correct insurance. Uninsured Motorists Insurance may be required in your state, but it is often not something people think about when letting a family member drive their car. 

Bottomline 

Motorcycles tend to be more expensive to insure than cars due to their smaller size and higher repair costs. Shop for the best rate, and consider going with a driver’s education course over traditional insurance. Find out if your motorcycle is eligible for discounts, such as anti-theft devices. Stay accident-free, maintain adequate liability coverage, and maintain your bike to keep your insurance rates low. For expert help, call Bourbonnais, IL firm, George Ryan Jr. Insurance Group Inc.

Flood insurance can seem confusing because it goes through the National Flood Insurance Program (NFIP). The Federal Emergency Management Agency (FEMA) determines if an area’s properties require flood insurance. The flood policy you purchase from George Ryan Jr. Insurance Group Inc to insure your Bourbonnais, IL home or business comes through our underwriter. It isn’t federal insurance, but it does go through a national program for approval. Let’s explore why.

For a few centuries, floods wreaked havoc across the United States, damaging rural areas, suburbs, cities, and unincorporated areas. Because urban planning can make no area completely impervious to flood since rains can inundate any location, floods continually cause widespread damage that the government and homeowners treat just like any other natural hazard.

In 1968, Congress passed The National Flood Insurance Act, which created NFIP. The legislation enumerated two goals:

• Reduce future flood damage,
• Protect property owners.

A follow-up law, passed in 1973, The Flood Insurance Protection Act, mandated the purchase of flood insurance for homeowners in high-risk flood zones if the homeowner borrowed from a federally insured financial institution. Today, when you take out a mortgage from a bank that the Federal Deposit Insurance Corporation (FDIC) insures, you must purchase flood insurance if your purchased property lies within a flood zone.

So, when you purchase flood insurance from George Ryan Jr. Insurance Group Inc, you still purchase from us. The insurance policy we provide meets requirements set by NFIP to ensure that your insurance will adequately cover flood damage. When your bank tells you that you must purchase and maintain a flood insurance policy to obtain your mortgage, it says that because FEMA conducted flood studies and determined that the property you bought floods. FEMA illustrates this on flood maps it creates for each locality in the US. The bank has to require this to comply with federal law and meet the burdens of keeping its insurance.

Contact George Ryan Jr. Insurance Group Inc serving Bourbonnais, IL to purchase your flood insurance policy. If you’re unsure if your property requires this type of insurance, we can help you look it up.

If you’re one of the millions of people who own a condo, it’s important to protect yourself with condo insurance. This type of insurance protects your investment and covers damage to the building and your personal belongings in case of fire, theft, or other disasters. Here are some basics about condo insurance that every owner should know.

Dwelling Coverage

One of the most important aspects of your condo insurance policy is dwelling coverage. This type of coverage protects your unit from damage caused by fire, smoke, wind, hail, and other disasters. It also covers repairs or replacement of any structural damage to the unit itself. Dwelling coverage typically includes:

• The interior walls, floors, and ceiling of your unit
• Built-in appliances such as ovens, dishwashers, and water heaters
• Window coverings such as blinds and curtains

However, it’s important to carefully go through your policy to see what isn’t included in dwelling coverage. For example, most policies will not cover damage caused by flooding or earthquakes.

Personal Property Coverage

Another important aspect of your condo insurance policy is personal property coverage. This type of coverage protects your belongings if they are damaged, lost, or stolen. It includes items such as furniture, clothing, electronics, and appliances.

Liability Coverage

Liability coverage is also an important part of your condo insurance policy. This type of coverage protects you if you are sued for damages or if someone is injured on your property. It can also help pay for legal expenses if you are sued.

Condo Insurance in Bourbonnais, IL 

When choosing a condo insurance policy, it’s important to make sure you are covered for both the structure of your building and your personal belongings. Make sure to read through your policy carefully to understand what is and isn’t covered. And, if you have any questions, be sure to ask your insurance agent. Are you looking for condo insurance in Bourbonnais, IL? George Ryan Jr. Insurance Group Inc. can help. Give us a call today for a free quote.

If you rent out a property in Bourbonnais, IL, you should invest in landlord insurance from George Ryan Jr. Insurance Group Inc. to help you weather the storm when perils like theft, fire, and others strike. But since you may not be familiar with this coverage, we have taken time to answer frequently asked questions about landlord insurance. Let’s dive in.

What does landlord insurance cover?

If you have invested in landlord insurance, you definitely want to know what it covers. Here are the areas covered by landlord insurance:

• Property damage: Landlord insurance covers your properties from risks such as fire, vandalism, and certain natural disasters. Ideally, invest in landlord insurance that can replace your entire property when it’s totaled.
• Liability protection: Landlord insurance covers you when accused of bodily injury or property damage by other people, including tenants, trespassers, and visitors. This insurance coverage also protects you when sued.
• Loss of income: This coverage will protect you when your property remains uninhabitable due to a covered loss, such as a fire or storm.

Other coverages you can consider include natural disaster coverage, employee liability, and landlord’s contents insurance.

Must I have landlord insurance?

The law doesn’t require this coverage, but it’s a must-have investment if you manage or collect rent. Suppose a fire or storm strikes your building, costing you about $90,000 in repairs. Without landlord insurance, these costs will have to come from your pocket. Can your business afford it? And even if you have the savings, was the primary goal of saving to pay for damages? Invest in landlord insurance to protect your assets and savings.

Where can I get landlord insurance?

If you live in Bourbonnais, IL and its environs, you need to purchase insurance from an independent insurance agent. By partnering with George Ryan Jr. Insurance Group Inc., we will help you find comprehensive yet affordable landlord insurance. 

Though you may understand the importance of life insurance, you may not be ready to start a policy for your child. Since the risk of your child dying is low, you may be not sure that you want to start a policy for him or her. 

Here are some reasons why you should. 

It allows your child to get a life insurance policy later in life. Your child will be locked in for life when it comes to getting a better policy as he or she ages. In fact, your child won’t be stuck worrying about getting a pre-existing condition. Your child also won’t have to worry if they like to do dangerous things, like hiking mountains, which could make their premiums more expensive. 

You may want to consider it an investment for your child. Once your child becomes an adult, he or she may continue their plan or use the money to help them with their future. They can put that money toward college or buying their first home. 

If your child does die, a life insurance policy will help you during the grieving process. Parents who lose a child will have the money to help them during this time. They will be able to take time off of work and get their lives back together, without worrying about paying their bills. 

Though you may not think that your child needs life insurance, it can give them a heads-up about getting a policy later in life. It can also be used as an investment if they want to use the money towards college. 

If you want to learn more about life insurance, don’t hesitate to contact us at George Ryan Jr. Insurance Group Inc in Bourbonnais, IL.