Essential facts about life insurance

Whether you are young, middle-aged or old, you need to plan the future of your loved ones even after you are long gone. There is nothing more satisfying than knowing that your family is protected from life adversities even when you are dead. But how do you protect them?

You protect your loved ones by purchasing a life insurance policy. However, before you commit to any insurance policy, you need to know all the facts about life insurance. Life insurance is a worthy investment, and therefore, it is best that you do extensive research before you sign any agreements.

Luckily, with NE Arkansas, GTW Insurance, you need not stress so much. We have well-trained employees who are always ready to give you all the information you need before you commit to any policy. To get the best life insurance cover, here is a glimpse of some of the essential facts about life insurance to help you make an informed decision.

  •   Never Lie

When applying for life insurance, you will be subjected to a few questions to help us determine the best life insurance coverage for you. It is critical that you don’t hide any information. For example, if you are a drunkard or a smoker, you need to give this information otherwise, if the truth is discovered along the way, your policy may be terminated, and you will end up losing all your money.

  • Stay healthy

If you want to have a cover that is not expensive, try and stay healthy. In most cases, people with healthy bodies end up paying fewer premiums since their probability of death is low than those who live reckless lives or those who take drugs.

  • Don’t assume it

Most people think that only the old and dying should have a life insurance policy. On the contrary, it is the young and the healthy who should be applying for this policy. In that way, you will be able to save more and also; you will have time to make an informed and not in a rush decision.

Do not hesitate: Contact us today and get more information on the facts about life insurance. GTW Insurance which serves NE Arkansas is always here to serve you. We are here because of you.

Do You Need Boat Insurance If Your Boat is Paid Off?

At GTW Insurance, serving the greater NE Arkansas area, one of the questions that we are frequently asked about boat insurance is whether you are required to carry it if your boat is paid off. If the boat is not paid off, the lender likely requires you to carry full coverage boat insurance to protect their investment. But if it is paid off, you may wonder if you need to still carry insurance. Here is some information you need to know.

In the state of Arkansas, you are only required to carry boat insurance if it is required by the lender if your vessel has an engine of 50 horsepower or more. This is typically the case with speed boats or large boats. If the engine has a smaller horsepower and the boat is paid off, you are not required to carry insurance. If the horsepower is 50 or more, you are required to carry at least $50,000 in coverage. You will not be able to register the boat without proof that you have this amount of boat insurance coverage.

While you may not be required to carry boat insurance, it is always wise to do so. Not only does it protect your investment in the boat if the boat were to crash, get stolen or become damaged, but it protects your personal finances in case you hit another boat or a person while out for a day of fun on your boat. The insurance pays out claims for these types of accidents as well, helping to protect your finances. If you need boat insurance in the greater NE Arkansas area or are interested in learning more about it, give GTW Insurance a call today. Get a free estimate or schedule an appointment to talk to one of our insurance agents.