February, 2020 | Blog
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The Sanford Group

10150 Ball Ground Hwy,
Ste 101,
Ball Ground, GA 30107

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  P.O. Box 374
Ball Ground, GA 30107

The Sanford Group Insurance Blog

What type of life insurance should I get?

People that are in the Ball Ground, GA area need to evaluate their insurance needs from time to time. When someone is looking to improve their personal insurance coverage, one type of coverage to consider is life insurance. Those that are looking to get life insurance will find that there are many options to consider. It is important to consider the benefits of both whole and term life insurance to figure out what form of insurance you should get. 

Whole Life Benefits

One common form of life insurance to consider is whole life insurance. With this form of insurance, you will get coverage for the rest of your life under the same policy. While the premium payments can be a lot higher than a term life option, it is also a good investment alternative. Over time, your premium payments will build up and you will have a sizable value in your life insurance account that can be liquidated. 

Term Life Benefits

With a term life insurance policy, you will receive a certain level of coverage for a specific period of time. Normally, the coverage will last for a term ranging from ten to thirty years, although other more flexible options are often available. While it does not provide the same investment benefits as whole life, the insurance premium payments compared to the coverage level you receive is far less. 

Choosing the right life insurance policy in the Ball Ground, GA area can seem complicated. If you are looking to get insurance in this area, you should reach out to the team at The Sanford Group. When you contact The Sanford Group, they will be able to evaluate your situation, needs, and budget to find a policy option that is right for your situation. 

Three professions where commercial insurance is important to have

Commercial insurance is always a good thing for any business owner to have. However, it’s especially important in certain professions. At The Sanford Group, we offer commercial insurance in Ball Ground, GA to those working in a wide variety of professions.

The following are three professions where commercial insurance is important to have. 

Doctors

Doctors in any specialty and working at any type of health care institution could be subject to a malpractice lawsuit. These lawsuits can be very costly. In fact, a malpractice lawsuit can even destroy a doctor’s career if he or she is not carrying adequate malpractice insurance.

A lot of healthcare establishments require doctors working for them to carry professional liability insurance. Almost every doctor practicing in the US carries some type of malpractice insurance to protect themselves against potential lawsuits. 

Attorneys

Another profession where professional liability insurance is important is for attorneys. If an attorney has professional liability insurance, it will give him or her greater confidence to take on cases. It will also give clients greater confidence in hiring a lawyer. 

Attorneys can be accused of malpractice just like doctors can. If they are accused of malpractice, they may need to pay hefty settlements to put the issue behind them. This is why professional liability insurance is so important for attorneys. 

Contractors

Insurance is important for contractors because accidents on construction sites can be extremely costly. While most contractors will carry a bond to protect themselves financially, some also carry liability insurance for added protection. 

If you’d like to learn more about the commercial insurance demands of your profession, get in touch with us at The Sanford Group. We offer commercial insurance policies to businesses in Ball Ground, GA. 

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