All 9 Insurance Group

We Protect What Matters Most

Term vs. Whole-Life Insurance

Life is full of unexpected twists and turns. One day you could be perfectly healthy, the next, you could have suffered an accident and ended up in the hospital or worse. It’s important to keep yourself safe and leave your family safe if you were to pass. That’s why there is life insurance.

There are two forms of life insurance, term and whole-life, both used to help you and your family if an accident or an illness were to occur. But what is the difference between the two?

Term Insurance only covers and provides protection for a certain amount of time. This insurance is extremely affordable and protects your family from any financial issues in the event of death. There is a benefit guaranteed in the event of death, however, there is no cash value and premium will increase after certain intervals of time (it depends on what policy you decide you need). In some cases, term life insurance can also be used to supplement whole life insurance.

Whole-life insurance provides protection as long as premium dues are paid. It is used for long-term need of life insurance. The premium dues are initially higher than that of term life insurance, but these premiums do not increase with time, and it does build cash value.

Both insurance policies will keep you safe, at All 9 Insurance, the premier life insurance agency in Haddonfield, NJ, we can help you get the coverage you need and the coverage that will help protect you and your family the best.

Why Key Man Business Insurance is Needed

In every business, there is one person that tends to hold everything together, whether it is the owner or the founder or a key employee. Like every one else in the business, their future is uncertain, and whether or not they may face an accident or even death is unknown to them. That is why we are offering Key Man Insurance to help businesses from the loss of a crucial employee.

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Key Man Insurance is essentially a life insurance policy that helps a company stay afloat and survive after losing a crucial person in the business that may have been the one to maintain essential tasks within the company. With this insurance, it can give a company more options other than filing for bankruptcy. How this works is the company interested purchases a life insurance policy on the crucial employee. The company pays the premiums and becomes the beneficiary of the policy. If the unexpected happens and the crucial employee passes away, then the company would be the one to receive the insurance payoff.

With Key Man Insurance, the money given to the company in the time of a crucial employee’s death can be used for finding a replacement person. In addition, the money could also be used to keep to company afloat to ensure a successful transition from one leader or key employee to another.

At All 9 Insurance, we have multiple insurance policies for businesses that can help protect their assets, and as always we strive to protect what matters most. If your business is in Haddonfield NJ or the surrounding area and you would like a free business insurance consultation please complete the contact form on the right.