Who Can Benefit from Life Insurance?

Whether you’re single or married, young or old, working or retired, you can benefit from the financial security that a life insurance policy can provide. By discussing life insurance options with your State Insurance Solutions agent in Dallas, TX, you can get a better idea of what type of policy would be best for you. Here are a few good reasons to consider adding life insurance to your financial portfolio.

Financial Support for Spouse/Children

If you’re the main breadwinner of the family, your spouse and children count on your income for daily living. Your family could suffer financially if they were to suddenly lose that income due to your unexpected demise. Life insurance benefits can replace lost income to help pay the bills until your spouse can make arrangements for the future. With a life insurance policy, you needn’t worry that your spouse and kids will go without.

Care for Aging Parents

Life benefits can help support aging parents, giving singles peace of mind that their loved ones will be taken care of after they’re gone. If your parents have medical issues or are struggling to pay the bills, your support can be a lifesaver in their time of need.  

Support a Business

As an entrepreneur, your income is the lifeblood of your business. If you were to suddenly pass on, your business partner may struggle to carry on. Life insurance benefits can help replace your income to keep the business going upon your demise. A budding enterprise can provide extra income for your spouse and family after you’re gone.

Fund a Charity

If your desire is to make a difference in the world, you can name a favorite charity as your beneficiary to help those in need and give back to your local community.

To learn more about the benefits of life insurance, contact us at State Insurance Solutions in Dallas, TX.

Is commercial insurance required in Texas?

Business insurance is often a term that entrepreneurs encounter when starting a company in Dallas, TX. Some small business owners, however, do not understand the basics of a commercial indemnity plan. Is business insurance required to start a company in Texas? How much coverage should you buy? The agents at State Insurance Solutions can help you find the business insurance policy that works for your new company. 

Is business insurance required in Texas?

There is no official rule that requires business owners to obtain general liability insurance in the state of Texas. You may, however, want to consider purchasing a plan that covers you in the instance of an incident in which you are found negligent. 

Commercial insurance requirements

You may not have to purchase a general liability insurance plan to run a business in Dallas, TX. Such does not mean that you can start a company in town without any insurance. 

Those entrepreneurs with companies that employ workers need to purchase workers’ compensation insurance a well as unemployment insurance to remain in compliance with the law. Workers’ compensation pays employees who are injured while completing tasks related to the job. Your workers do not have to be on the premises to receive workers’ compensation. They do, however, have to prove that their injuries are directly related to the job. 

Workers’ compensation insurance protects both the employee and the employer. Employees are compensated for the time they need to take off from work to recover. Meanwhile, employers are protected from lawsuits when a worker’s compensation insurance plan is in place. 

Call State Insurance Solutions for help!

We have been in the business of insurance for many years. Our agents can help you find the right business insurance policy for your company. Call today to get started with a quote!