Can I Withdraw Money from My Life Insurance in Dallas, TX?

You may have heard people talk about life insurance in a way that doesn’t seem like the standard purpose of an insurance policy. Why would the policyholder need to use their life insurance at any point? Isn’t it meant for the person’s loved ones as opposed to the insured? If you live in Dallas, TX, State Insurance Solutions wants you to know more about how many types of plans there are and what they’re meant to be used for. 

Life Insurance as a Savings Account 

In the case of a temporary insurance policy, you enact coverage up until a certain time. Often, this date is when their dependents come of age and can provide for themselves. But some people will purchase a different type of policy that sets them up for forced savings. If you have a difficult time putting money aside (and keeping it there) in a regular savings account, your life insurance policy is a way to charge you money in a form that’s technically irreversible until much later on. If that sounds similar to a retirement account, you’re right. 

How Much Can I Withdraw and When?

It depends on the type of policy you choose and the terms attached to it. However, the idea is that you’ll get more money than you put into it. Whether you choose this type of life insurance or a different policy in Dallas, TX, it’s all about what you’re looking for. If you have no problem saving on your own and you feel you can get better returns without the help of a policy, then you would have no need for this. 

If you have questions about the best life insurance coverage for you, call State Insurance Solutions for more information today.

3 Commercial Insurance Products To Explore

Commercial insurance is one of the biggest types of insurance. That’s why it has several insurance products. At State Insurance Solutions in Dallas, TX, we offer several commercial products. Depending on your type of business, you may not need every commercial insurance product.

Here are some of the most common commercial insurance products. You can explore all of them. In fact, most businesses require them.

1. Employees’ compensation insurance

This commercial insurance policy protects your business from your employee’s on-the-job injuries. If you have employees, it is mandatory in Texas to purchase the policy. Besides, it is a necessity because accidents happen once in a while and if it happens in your business premises, the victim will see it as an on-the-job injury and request his medical bills from you.

Many of the injuries that occur in workplaces are caused by the employees themselves, but because the accidents happened in the line of duty, you may be held liable for the injuries caused. For example, an employee searching for a file checked the topmost cabinet but didn’t see the file. She forgot to push in the cabinet. She bent down to search the bottommost cabinet and found it. As she tried to get up, she hit her head on the open topmost cabinet and sustained an injury. Of course, it was her fault. But, technically, she sustained the injury at work, so you may be held liable. This is why you need employees’ compensation insurance.

2. Automobile insurance

This insurance product is meant to provide coverage for all the vehicles you use for your business. Protect your trailers, trucks, vans, and cars with this insurance policy. If any of them is damaged or stolen, this insurance may provide adequate compensation. Also, if the driver of any of them damages someone’s property or injures someone, this coverage will refund you for the repair of the property or the medical bill of the injured person.

3. Property insurance

This commercial insurance policy compensates you for the loss of your business properties. For instance, if your office gets burnt down, this policy will provide adequate compensation.

For other business insurance products, you can contact us at State Insurance Solutions serving Dallas, TX. You can also explore our website to familiarize yourself with our insurance products.