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Insurance Myths

Myth #14: I’m self-employed and don’t have employees. I don’t need Workers’ Comp Coverage.
You’re your own “employee”, and you can get hurt, too. How will you support yourself if you get hurt on the job and can’t work? Workers’ Compensation coverage is important even if you’re a one man operation. Make sure you take care of yourself and those who depend on you.

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Life Insurance

Whatever your budget and your needs, a life insurance policy can help protect those who matter most to you.

If you have people who depend on you, having term life insurance is critical. No one is comfortable at the thought of his or her own death, but it's something that you have to plan for if you have loved ones who depend on you. If you were to die, would you be 100% certain your family's financial security would be preserved? Would your children be able to go to college? Could your spouse retire in comfort? The right life insurance policy can help you answer all of these questions confidently and with peace of mind.
An important part of a sound financial plan, life insurance from the Morris Insurance Agency and its affiliates provides a valuable death benefit to your beneficiaries upon your death. Your beneficiaries can then use this money to replace some of the income you would have earned or to help pay off debts or other expenses.

The two types of life insurance are term and permanent. The one that's right for you depends on many factors, including your budget, the amount of coverage you need, and the length of time you'd like the coverage to last.

  • Term Life Insurance
    Term policies can help meet a wide variety of business and personal needs and often provide the most coverage for your premium dollar for set periods of time. Whether you want to supplement your existing coverage or simply purchase insurance to meet a specific need, our term policies have the flexibility to help meet your needs.

Permanent Life Insurance

Permanent policies can provide lifetime protection. There are several different types of permanent policies:

  • Universal Life Insurance
    Universal life insurance can help meet the needs of people who desire long-term death benefit protection with a flexible premium structure. Ask us about our products with a potential to accumulate non-guaranteed tax-deferred cash value.
  • Variable Life Insurance
    Variable life insurance offers a choice of death benefit options and a potential to accumulate non-guaranteed tax-deferred cash value that fluctuates based on the performance of underlying investment options that you choose.
  • Survivorship Life Insurance
    Survivorship (second-to-die) life insurance insures two people and pays the death benefit when both have died. It is used primarily for wealth preservation.