Author: AgentInsure

Consumers need to be well informed about life insurance. Life insurance is an essential product that secures the finances of your family members and loved ones. At AFI Insurance, we offer life insurance to Denver, CO consumers.

Here are four of the most important things you need to know about life insurance. 

Life insurance policies that accrue cash value are available.

Some consumers think that life insurance policies don’t increase in cash value over time and that the policyholder receives nothing if they don’t die before the policy term is over.

However, you can take out a universal or whole life insurance policy if you want your policy to accrue cash value over time. 

Life insurance helps to ensure your family’s future financial security.

The most important thing about life insurance is that it is essential to keep your family financially secure.

If your dependents rely on your financial support, you can purchase life insurance so your family will remain financially secure if you pass away. 

You don’t have to be married or have kids to benefit from life insurance.

While life insurance is most commonly purchased for financial security within a family, life insurance can also benefit business owners and anyone with any dependents. 

If you are an employer, life insurance can help support your employees or keep your business running if you pass away and can no longer run your company. 

It’s not necessary for your beneficiaries to pay tax on the death benefit of your policy.

Some consumers worry that life insurance won’t benefit their beneficiaries because they owe a lot in taxes. Fortunately, the death benefit on a life insurance policy is tax-exempt. 

Learn more about life insurance by calling us today. If you want to protect your family in Denver, CO, we can help you at AFI Insurance. 

Many Denver, CO residents think of insurance only as a means to plan for life’s worst-case scenarios. However, insurance can also be a safety net for your financial plan and, by extension, your future. Having the right policy at the right coverage limits can provide a base cushion for your finances, protecting you and your loved ones in case of unfortunate, unforeseen events. It may also help you reduce your tax burden and add some predictability. There are countless types of insurance plans on the market, so contact AFI Insurance today for help finding the right one for you!

How Insurance Can Influence Your Future Finances

One of the most significant and obvious advantages of having insurance policies is mitigating risk. For example, your family’s primary provider is out of work for an extended period or passes away. Having a disability or life insurance policy means you can continue making ends meet while adjusting to the loss of income without worrying about money. A well-planned insurance strategy can also provide several benefits come tax season. If you or your family receives a payout from an insurance policy, there are situations where that money is tax-free. Also, plans allow you to contribute money to your insurance policy and withdraw it later without paying tax.

Get Started Protecting Your Future Today With AFI Insurance

The world of insurance is vast. There are countless types of policies out there to choose from, making it all the more vital that you choose the one that’s right for you. That’s why we strive to help match individuals in Denver, CO with only the best plans from the top providers in the country. Contact our team today to learn more.

Though you may not have heard the term “specialty insurance” before, you’ve likely encountered this type of policy. In the most basic sense, specialty insurance covers unique items that are likely not covered by a traditional insurance policy. Denver, CO residents need to understand all the options available, which is why the team here at AFI Insurance is taking a closer look at specialty insurance as a whole.

Things That Need Specialty Insurance Coverage

Generally speaking, a specialty insurance policy is designed to cover the cost of repairing or replacing rare/expensive items or events. Policies are available for leisure activities and travel, as well as boats, classic cars, motorcycles, snowmobiles, jet skis, and even pets. In short, if you want or need it to be insured, there’s a policy. These policies can often be customized to suit specific situations and are ideal for anyone that wants to protect themselves and their property.

To complicate matters, some of these items are required to be insured by law, which can vary from state to state and change as new laws are passed. The best way to ensure you have the right coverage for your items is to contact an experienced insurance agent. This allows you to not only compare different coverage types with ease but also helps you make sure you’re getting the best rate.

Considering Specialty Insurance? Contact AFI Insurance in Denver, CO Today!

When you need to insure items not covered–or inadequately covered–by traditional insurance plans, contact our team today! We’ll do the hard work for you, presenting you with the plans that most closely match your needs from the top providers in the country. Contact us today to learn more or to receive a quote!

As a business owner, you probably understand the importance of business insurance. However, finding the right insurance plan can be a challenging task. To find good commercial insurance that will suit your needs, you need to do some homework. A part of this homework is acquiring as much information as you can. The best way to get information is to ask questions. Here is a list of questions you should ask an insurance agent when shopping for business insurance: 

• What type of commercial insurance can and should I get? The types of business insurance that you want to consider include business interruption insurance, liability insurance, errors and omissions insurance, extra expense insurance, and others. 
• What is covered by commercial insurance? Understanding what is covered by business insurance and what is not is essential. An insurance agent can always explain the details of coverage, so make sure to ask this question. 
• How can I submit a claim? Every insurance company works differently when it comes to submitting claims. It is important to ask an insurance company to clarify this process to protect yourself from a headache in a crisis. 
• Can I bundle my business insurance? Sometimes, you can bundle your business insurance with other types of insurance. It is a good practice because it helps you save a lot of money. Ask an insurance agent whether their insurance company offers this option. 

AFI Insurance  – Reliable and Trustworthy Insurance Company Serving Clients in Denver, CO

If you are considering getting insurance for your business, AFI Insurance is the company you should contact to receive all the necessary information. We specialize in different types of insurance, including commercial insurance as well. Do not hesitate to contact us if you have any questions or are ready to purchase an insurance plan. 

Life insurance is something no one wants to think of, but it is one of the most important types of insurance to have. The primary purpose of this insurance is to protect dependents if the family provider passes away financially. Anyone would benefit from life insurance, but there are certain categories of people who need it most:

People Who Would Benefit From Life Insurance:

• Breadwinners. If you are a breadwinner and your family depends on you financially, you need life insurance. It will provide income replacement, so your dependents will use life insurance to pay for their everyday expenses if something happens to them. 
• Stay-at-home parents. Stay-at-home parents play a vital role in their families by creating a supportive environment for their children and spouses. They provide such services as childcare, preparing meals, cleaning the house, etc. These services cost a lot of money, and life insurance can cover them. 
• Single mothers. Over 40% of children in the United States are born to unmarried women. Since single mothers are usually the only providers for their children, they should carry life insurance to protect their babies. 
• Business owners. If you own a business, you will also benefit from life insurance that can be used to pay off your business debts. You can also use life insurance to fund your employees’ retirement plans. 

 AFI Insurance – Insurance Company in Colorado That You Can Trust

If you live in Denver, CO, or any other nearby area, and are looking for life insurance, contact AFI Insurance. You can count on our company which specializes in different types of insurance, including life insurance as well. Our experienced and knowledgeable agents will help you choose the perfect plan based on your needs and budget. We serve clients in Denver, CO, and other towns in Colorado. Please visit our website and give us a call. 

It’s never too late to start saving for retirement. Even if you are over 55 and haven’t started planning, there are still ways to ensure your golden years are comfortable and secure. AFI Insurance explains some of the best strategies available to people in Denver, CO to jumpstart their retirement savings. 

Traditional IRA vs. Roth IRA 

One of the most important things you need to decide regarding retirement planning is which type of account you should open—a traditional IRA or a Roth IRA. Both have advantages and disadvantages, so it’s important to carefully consider your options before deciding. 

A traditional IRA offers tax-deferred growth on contributions made throughout your working life. Any money you contribute will not be subject to taxes until you withdraw from the account during retirement. A Roth IRA offers no immediate tax benefits but allows withdrawals during retirement without paying any taxes. 

Maximizing Your Contributions 

Once you have chosen an account type, it’s time to start contributing as much as possible each month while still being able to cover monthly living expenses such as rent or mortgage payments, utilities, food costs, etc. Whether you choose a traditional or Roth IRA will affect how much money you can put away each month; however, both types offer favorable contribution limits that allow for plenty of financial flexibility over time.

Get Started Today

At AFI Insurance in Denver, CO, our dedicated agents can help you find the perfect retirement plan that fits your needs and goals. We specialize in helping individuals over 50 prepare for their future by offering advice on investments and insurance products designed specifically for those nearing retirement age.