FAQ

Term Insurance pays a death benefit for the amount you select to your beneficiary or
beneficiaries.

Like Term Insurance, it pays a death benefit to your beneficiaries if you die, but if you are living at the end of the Term (usually 30 years) the company returns all of your premium that you paid during the 30 year term.

Permanent Life Insurance pays a death benefit up to an age you select ie 90-120 year old to your beneficiaries, but also provides for living benefits such as Long Term Care and would include cash value or equity that you can borrow or receive if the policy is cancelled.

It depends on the individual, but things to consider are paying off short and long term debt, pay off mortgage, college education and providing income for a surviving spouse.

Discounts vary depending on the company but here are a few of the discounts you may qualify for: multi-vehicle, longevity, safe driver, accident, violation free and package.

If I’m at fault in an auto related accident, my limits of liability provide coverage to the other party for Bodily Injury and Property Damage.

This protects you from injury to you and your passengers if you’re in an accident caused by someone who is uninsured or is underinsured!

Comprehensive coverage on your specific auto would cover damage sustained by hitting a deer or other non-domestic animal.

An Umbrella provides excess or additional liability to pay for Bodily Injury and Property Damage you cause to someone else.

A Blanket can be added to your farm policy to provide coverage for livestock, hay, tools,
equipment and machinery.

A Farmowners Policy is like a buffet, you can insure your home, outbuildings, livestock, machinery, liability and more all on one policy.

Farmowners provide coverage to protect your, home, outbuildings, machinery, livestock, liability
and much more.

A Commercial Policy has many options to protect your business, such as a Building, Liability,Equipment Inventory, Business Personal Property, Fleet Vehicles and much more.

States differ, but Colorado requires you to purchase a Workers Compensation Policy to protect your employees from injury in the course of employment and lost wages for time they are unable to work due to that injury.

Anyone who owns a business or service company that deals in selling products or servicing the
public.

Partners can draw up a buy/sell agreement and purchase Life Insurance on each other and name each other as beneficiary to provide funds to purchase the other portion of the business from the surviving members of the deceased partner.

A Homeowners Policy protects your home from a number of perils, such as fire, wind, hail, theft vandalism, water damage from a broken water pipe, liability and much more.

If you have a mortgage on your home the mortgage company requires that you insure your home. If you don’t have a mortgage you’re not required to carry a Homeowners Policy, but it is highly recommended.

Flood.

Yes, if your home is owner occupied and a visitor is injured when they are walking on your property, your Liability along with medical payments would provide coverage to the injured party.