I recently retired and never invested in life insurance. Is it too late?

Posted on March 29, 2024March 26, 2024 by admin

Securing Peace of Mind with Life Insurance

Life insurance offers tranquility for both you and your family. With a variety of options ranging from term life to whole life, you have the flexibility to select the coverage that aligns best with your lifestyle and preferences. Regardless of age, life insurance presents benefits to anyone preparing for their future and their family’s well-being. Our team at Amy Tounget Insurance Agency LLC is committed to helping Midlothian, TX residents understand the advantages of life insurance and secure the coverage they need.

What is life insurance?

Upon investing in life insurance, you pay a monthly premium to the insurance company to guarantee a predetermined sum payout to selected beneficiaries upon your demise. However, life insurance is versatile and can also cover situations including terminal illness. It could also be used to cover final expenses and various unforeseen instances. Beneficiaries are free to use the payout as they deem fit. Investment options range from whole life insurance, which provides lifelong coverage, to term life insurance, which is designed to cover a preset period.

Is it too late to invest in life insurance after retirement?

Typically, you can invest in life insurance until the age of eighty-five. However, premiums are higher, and there may be other requisite measures. Some insurance companies may even provide coverage for individuals over eighty-five, albeit with higher premiums and final expense coverage. Thus, obtaining life insurance coverage at an advanced age is still probable, although it often demands a higher financial investment. If you need clarification or have questions about life insurance, contact us. We’re always eager to discuss your potential options.

Unveiling the Top Myths and Misconceptions About Home Insurance

Posted on February 28, 2024February 21, 2024 by admin

At Amy Tounget Insurance Agency LLC, we strive to provide our clients with the right home insurance policy for their needs. With that being said, it’s common for there to be several myths and misconceptions regarding homeowner’s insurance. Whether you’re a first-time owner or you’ve been buying and selling properties for years, it’s imperative to have the right information. Here are some common myths debunked.

Homeowner’s Insurance Isn’t Necessary

You aren’t required to have home insurance unless you have a mortgage with a lender. However, if you forgo home insurance, it could end up being a mistake. For example, if your home is damaged or destroyed by a fire, natural disaster, or other unexpected event, you would be left to bear the full financial burden of repairing or rebuilding your property.

Flood Insurance Is Part Of A Home Insurance Policy

It’s common to think flooding is part of your home insurance policy. However, that isn’t the case. It is a separate type of coverage that needs to be purchased separately. Floods are not typically covered under standard homeowner’s insurance policies. Flood insurance can help protect your home and belongings in the event of a flood, which can cause extensive damage.

The Same Policy Works For Everyone

Every home has several factors that affect how your policy should be designed. These include the condition, age, location of your home, and the value of your belongings. Therefore, there is no one-size-fits-all policy that works for everyone.

Learn More About Home Insurance in Midlothian, TX

Ready to get started with a home insurance policy? You can call Amy Tounget Insurance Agency LLC to talk to one of our experts in Midlothian, TX.

Low-Mileage Driver? What About an EV?

Posted on January 22, 2024January 29, 2024 by admin

At Amy Tounget Insurance Agency LLC, many of our insured drivers are driving or thinking about driving electric vehicles, or EVs. Midlothian, TX is a great area for these convenient, high-technology vehicles, where drivers can run errands, commute, and keep social appointments within the range of a single battery charge. After retirement, without the commute, many drivers really don’t need to go far, and some choose to give up their vehicles due to the cost of operation.

An EV, which needs minimal maintenance and simple electric charging, can be a perfect substitute. Since many of these low-mileage drivers have insurance policies designed for minimal vehicle use, it’s a great match. In fact, as more commuters work from home, an increasing number of drivers who might otherwise be limited by the battery range of their EVs are now realizing that they don’t typically drive that far around town.

Limited-Range EV Use, with a Twist

What if you choose an EV as the low mileage driver that you are these days and want to take an occasional long trip? For many drivers, the solution auto clubs have recommended makes perfect sense here. Renting a vehicle for trips allows you to pick the type of vehicle you want to drive, such as an SUV, and have a rental company ready to take care of you if problems arise on the road.

You can even choose a gas-powered model for long trips where charging stations may not yet be available. At Amy Tounget Insurance Agency LLC, we’ll be glad to help you with low-mileage auto insurance and more. Whether you’re active around town or just need your vehicle for Sunday drives and visiting, your lifestyle and one of today’s amazing EVs can be a great match in Midlothian, TX!

What Motorcycle Riders Should Know About Life Insurance

Posted on December 21, 2023January 1, 2024 by admin

Motorcycle riding can be thrilling, but it can be risky. Safety statistics indicate that motorcyclists are almost 30 times more likely to die in an accident on two wheels, which makes having life insurance coverage essential for road warriors and casual enthusiasts alike. Here’s how Amy Tounget Insurance Agency LLC in Midlothian, TX can help provide financial protection for your survivors should the worst-case scenario become reality.

The Importance of Life Insurance for Motorcyclists

Having life insurance is a good idea for everyone, but motorcyclists are at a higher risk of death than many, especially on the road. Life insurance policies are designed to pay out financial compensation to beneficiaries should the policyholder pass away. Most agents recommend having 5 to 10 times your annual income in coverage for good measure.

Term Life Insurance for Motorcycle Riders

Term life insurance provides an affordable way to give your family peace of mind in a financial sense. This type of policy is set for a predetermined period or term. This is usually between 10 and 30 years, and during this period, your insurance provider will pay beneficiaries should you die. The policy can be extended, but it may be at a higher rate.

Permanent Life Insurance Policies for Motorcyclists

Permanent life insurance, like whole life insurance, doesn’t expire until you pass or the policy lapses. One benefit that policyholders enjoy is having the ability to borrow funds from the policy which accrue cash value over time. However, borrowing against the policy can reduce or eliminate death benefits.

Know You’re Protected With Life Insurance

Soak in the sun and experience the freedom and relaxation that riding a motorcycle can provide, but do so knowing your family has financial security should a fatal accident occur. Feel free to contact Amy Tounget Insurance Agency LLC online for a quote, give us a call, or stop by our office in Midlothian, TX for quick assistance.

Termites and Home Damage: Will Insurance Help?

Posted on November 17, 2023December 1, 2023 by admin

Our team at Amy Tounget Insurance Agency LLC can provide Midlothian, TX residents with the home insurance policies they need to keep their homes safe. If you’ve been attacked by termites, you probably want to know if our policies will help. Here’s what you need to know.

Why Your Policy Doesn’t Cover Termite Damage

Unfortunately, your home insurance policy won’t cover most types of termite-triggered damage. There’s a reason for that: this type of problem can be easily prevented by regular home maintenance, such as sealing up entry routes for termites and applying various chemical treatments.

As a result, your insurance company won’t cover the kind of severe and widespread damage that termites can cause to a home. That’s very frustrating, but there are a few exceptions to this rule. Read on to learn more about a few times when your policy will help you.

What It Might Help You Pay

What happens if termites cause other types of serious damage? For example, if your termites chew through wires or somehow damage pipes and cause fires or floods, are you covered? Yes! That’s because fires and floods are covered by your insurance policy as long as you didn’t cause them.

By that, we mean incidents like termites that trigger fires are pretty much freak accidents and couldn’t have been prevented with standard maintenance. As a result, it’s important to stay in touch with your provider to learn more about what they can do to help you in this weird scenario.

Have Questions? Consult With Us

At Amy Tounget Insurance Agency LLC, we can help Midlothian, TX area residents understand their insurance coverage and help you pay for various types of damage. Call us today to learn more about your options, and we’ll do whatever we can to ensure you get the proper coverage.

Four things not to do when it comes to auto insurance

Posted on October 20, 2023October 30, 2023 by admin

Motorists in Midlothian, TX can purchase auto insurance from us at Amy Tounget Insurance Agency LLC. When you purchase auto insurance, there are a few mistakes that you should be sure to avoid.

The following are four things not to do when it comes to auto insurance:

Being unaware of the deductible on your auto insurance policy

The deductible on your policy is an essential detail that you must be aware of. You need to know what your deductible amount is so that you always have at least this amount available in an emergency fund for when you have to file a claim.

Letting your auto insurance policy lapse

Be sure to make all payments on time. If any of your premium payments are made late, you put yourself at risk of having your policy lapse. When this happens, you won’t be covered for any expenses you face as a motorist.

Failing to read the fine print of your auto insurance policy

Auto insurance coverage could be subject to exclusions and limitations. You need to know of any exclusions on your policy so that you’re fully aware of what you’re covered for and what you’re not covered for.

Buying the least liability insurance amount available

A lot of motorists make the mistake of only buying the minimum amount of liability insurance that’s required. If you only buy minimized coverage, you could end up facing a lot of financial problems in the future.

Paying for additional liability coverage can minimize the amount you have to pay out of pocket if you’re eventually held liable for an accident.

Schedule A Consultation Today

Get an auto insurance quote from us at Amy Tounget Insurance Agency LLC. We’re here to meet the insurance needs of consumers in Midlothian, TX.

Selecting Beneficiaries for Life Insurance Policies

Posted on September 22, 2023October 3, 2023 by admin

Designating the right beneficiary is vital to owning life insurance policies and similar financial instruments. You’ll want to make sure that death benefits go to the proper person following your passing. The professionals at Amy Tounget Insurance Agency LLC, service residents in Midlothian, TX, can help you select a policy that fits your needs and the paperwork necessary to ensure beneficiary designation.

What is a Beneficiary?

At its simplest, a beneficiary is the person or persons you designate to receive the proceeds of your life insurance policy or its assets upon your death. You can name more than one beneficiary, including a primary and contingent beneficiary, in case the primary individual passes away before you do. Life insurance policies allow you to change named beneficiaries if circumstances change. If you don’t name a beneficiary, the proceeds become part of your estate, and a judge can decide who will receive the proceeds.

Who Should I Choose as My Beneficiary?

Most people choose their spouses, but in lieu of that, you can name an adult child, another trusted family member, or anyone you wish. Most estate experts recommend not naming a minor child as a beneficiary, as someone else must administer the funds if you die before the child becomes an adult. However, you can place your life insurance policy in a trust to protect the proceeds until your child becomes an adult.

Other considerations for naming beneficiaries include

The beneficiary’s age
Whether receiving the benefits will disqualify your beneficiary from receiving other benefits
Ensuring that your will is in line with beneficiary designations
The ability of the beneficiary to manage money

Selecting Your Life Insurance Policy

You have many options when selecting life insurance in Midlothian, TX. Amy Tounget Insurance Agency LLC can help you with the process, as well as naming beneficiaries.

Does Home Insurance Cover Damage From Leaky Pipes?

Posted on August 24, 2023September 7, 2023 by admin

Amy Tounget Insurance Agency LLC is committed to providing Insurance products and services to the residents of Midlothian, TX. Having home insurance can protect you from various risks which can cause losses. Get the right coverage to help give you peace of mind and protect your investment.

Home Insurance Protection

Home insurance can offer solid protection when your home faces risks. However, home insurance doesn’t cover issues that can be prevented by regular maintenance on the homeowner’s part. For example, if your pipes are leaky and damage the home, then your home insurance will likely not cover the damage.

If you want to learn more about the home insurance coverage available to you in the area, you can count on our team of insurance professionals to provide answers and solutions. Our mission is to help customers get the best protection against risks to their homes and property. We can analyze your current and potential future needs and match you with insurance policies that meet those needs.

Additionally, we also provide service during the policy shopping process and after the sale. If you have a claim at any point during the policy’s lifetime, we’re there to support you. Find out how easy it is to get the right Insurance protection to give you peace of mind.

Reach Out Today

If you live in and around the Midlothian, TX area, we encourage you to reach out to Amy Tounget Insurance Agency LLC. Please feel free to call or stop by our office to speak with one of our knowledgeable insurance agents.

We can provide you with assistance before, during, and after your insurance selection and strive to maintain a solid relationship with customers for the long term. Don’t guess when it comes to obtaining insurance for your home. Get the confidence to know you are secure with reliable insurance in place.

Do I Need a Police Report to File an Auto Insurance Claim?

Posted on July 21, 2023August 3, 2023 by admin

Car accidents, even minor fender benders, can raise our blood pressure, spike our adrenaline, and make us act more impulsively than we might otherwise. If you’re involved in a vehicular accident, no matter how small or how large, it is vital to stay calm and remember to always file a police report.

That’s right, always. Let’s take a look at why you need to request a police report following a Midlothian, TX car accident:

The Importance of Filing a Police Report For an Auto Insurance Claim

Establish Documentation & Evidence

A police report serves as an official, third-party document that outlines the incident in full. This report includes essential information, like the date, time, location, and parties involved. In larger incidents, it may also include witness statements that can serve as valuable evidence for your auto insurance claim. With these statements and an officer’s summarization, you can support and even prove your version of events. This ensures proper fault is assigned.

All Party Cooperation

Speaking of other parties and witnesses, getting their cooperation is not always easy. This is especially true when a car accident is the other party’s fault. That other party and witnesses within their vehicle may try to stall or downplay the accident. Having an officer come will ensure that they cooperate and you don’t have to deal face-on with disagreements.

Get Quality Insurance Options With Amy Tounget Insurance Agency LLC

Let the officers handle disagreements on the scene and let your insurance company handle disagreements behind the scenes. Of course, you want a quality provider representing you if an auto accident case ever goes to trial. Contact our team at Amy Tounget Insurance Agency LLC to learn about your options and get the best policy for your Midlothian, TX household.

How Life Insurance Can Help With Grieving

Posted on June 16, 2023June 26, 2023 by admin

Death is a part of life, and many families will face the burden of grieving when a loved one passes. During these hard times, other issues can leave families struggling, including questions over finances and the like. Fortunately, life insurance plans can provide financial security in many circumstances. This can ease burdens for families and make it easier to concentrate on mourning.

If you would like assistance with selecting life insurance policies or have any questions, get in touch with Amy Tounget Insurance Agency LLC in Midlothian, TX.

Life Insurance Reduces Financial Burdens

It’s crucial to read the terms of individual life insurance plans to understand what is covered and when payouts will be provided. That said, life insurance plans can provide payouts for families in many different situations. The funds provided can then be used to cover funeral and burial costs. Given how expensive such events are, they can be a substantial burden on families.

Further, when someone passes away, a family may lose a source of income. In other cases, a stay-at-home parent may have been taking care of children and other dependents. Should that person pass away, it may make it necessary to pay for childcare, daycare, and other costs. Many other costs and burdens can emerge when someone passes away.

When tragedy strikes, many families would rather not have to think about money and financial matters. However, the fact remains that bills must be paid. With life insurance, it’s often possible for families to secure the financial assistance and resources that they need. As a result, families can then focus more on mourning and honoring their deceased loved ones.

Looking For Life Insurance?

Of course, it’s important to closely consider the terms of different life insurance plans. If you would like to explore policy options in the Midlothian, TX area, please contact Amy Tounget Insurance Agency LLC.

Amy Tounget Insurance Agency, LLC

Get a Quote