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Twin Bridges Insurance Agency

1881 Western Avenue, Suite 210
Albany, NY 12203

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Things that can nullify a life insurance policy

Buying an insurance policy is something that people do to offer protection to the people who depend on them. When your loved one passes away chances are that you are counting on that life insurance policy to be able to maintain the lifestyle that you currently have. Nothing could be worse than having the insurance company deny your claim. It could leave you in Albany, NY in a very precarious financial situation. When it comes to life insurance the team at NY Twin Bridges Insurance Agency can help you to make sure this doesn’t happen to you. 

When you purchase a life insurance policy you will be asked to fill out a lot of paperwork. You will be asked questions that you may be tempted to avoid answering or to answer untruthfully. This is a very bad idea. It is considered fraud and it is one of the things that can nullify a life insurance policy. Don’t give incorrect medical information or lie about any hobbies that you have that might be considered risky. 

When times are tough financially you can be tempted to let your life insurance policy lapse. You may miss a payment or two. This will nullify your policy but most companies are willing to work with you if you are in a temporary bind. It is important that you talk to your company and come up with a plan to keep the policy in force. 

If you are going to be living outside of the United States check with your insurance company to make sure that they will honor your policy if you are living in a foreign country. 

Life insurance offers needed coverage. The agents at NY Twin Bridges Insurance Agency in Albany, NY would love to sit down and talk to you about the coverage you have and what you may need. 

 

Ways to Make Your NY Business More Energy Efficient

Has your utility bill skyrocketed at your Albany NY business? If so, maybe you are looking for ways to get that energy bill down throughout the year. There are some ways to make your New York business more energy-efficient, and we have these tips for you at NY Twin Bridges Insurance Agency. 

Window Upgrading

For most Albany, NY businesses who may be in some older construction, they see a significant difference in their energy efficiency immediately after upgrading the windows. These upgrades seal the energy inside the business and prevent it from releasing outside. Maintaining the heat inside the business will keep it warmer longer and decrease the energy used around the clock.

Temperature Maintenance

Stabilizing the interior temperature within your office will allow the HVAC system to properly operate and maintain a steady temperature. When the temperature is constantly shifted up and down by employees throughout the year, the system has to work twice and hard to keep up and can force it to utilize much more energy than it should. 

Integrate Solar Panels 

While it may be too much of a transition at once, slowly begin introducing solar panels to your business to assist with the energy and reduce the amount of electricity that is used during the workday. Since solar panels can be a bit pricey initially, some small business owners in the area have decided to purchase one panel at the time and seeing benefits in their energy bill now. 

Include Commercial Insurance

Because you should have it, commercial insurance is available for businesses in Albany, NY through NY Twin Bridges Insurance Agency. Our team not only wants to help you get energy-efficient, but we want you to have the security you need for your business. Call us today for more information. 

Choosing the Right Commercial Insurance Policy

The right commercial insurance policy can make the difference between a catastrophic event crippling your business and being able to bounce back without a huge effect on your bottom line. If you are a business owner in the greater Albany, NY area then it’s time to come talk to the team at NY Twin Bridges Insurance Agency. We are here to help you navigate the sometimes confusing and stressful process of choosing the right commercial insurance policy. It is incredibly risky for a business to be underinsured as the right insurance policy can make all the difference when it comes to outlasting the competition.

The Right Commercial Policy for Your Business

Determining the right commercial policy for your business is a unique experience because every business is different. There are a few features that make sense for most companies, such as protection for their inventory, vehicles, and equipment, in addition to coverage for their property. In addition, having protection from business interruption due to a covered event can be a lifesaver when it comes to overcoming the many unforeseen issues that can occur. When a company has the right commercial insurance policy, they can rest assured that a covered catastrophic event is much less likely to put them out of business! While there are no guarantees for the future, it makes sense to be as prepared as possible. When you have the right policy in place you are reducing the risk of your company going out of business due to an unexpected event.

The team at NY Twin Bridges Insurance Agency is proud to serve the insurance needs of the greater Albany, NY business community. If you are looking for an insurance agency that is knowledgeable and responsive to your needs call or stop by today!

Factors That Affect the Costs of Your Life Insurance

Life insurance rates can vary widely from individual to individual. If you live in Albany, NY and have been curious about the things that can affect your life insurance rates, read on for some informative facts from NY Twin Bridges Insurance Agency.

Age

One of the biggest factors that can influence your life insurance rate is your age. By and large, younger people have less expensive life insurance rates than older people.

Health Status and Family Health History

If you are generally in good health, you will enjoy lower life insurance rates than someone who deals with troublesome health conditions. A family history of some diseases may increase your insurance rates.  Some things, like whether or not you have had cancer or whether your mother had breast cancer, you can’t help. However, other things you may be able to change. You can try to lose weight, lower your blood pressure, and keep tabs on chronic health problems before they cause long term damage to your body. Doing these things may improve your life insurance rate.

Driving Record

Having a good driving record leads to lower auto insurance rates, and it may also affect your life insurance rate. Your driving record reflects how careful you are, so having fewer tickets and accidents means a lower risk for the life insurance company and a lower rate for you.

Occupation

Some occupations have a higher risk of death. If you are a police officer or fireman, your job is riskier than someone who works as an accountant. Additionally, if you work in a more dangerous location, your premium may be higher.

Some things, like your age, occupation, family health history, and health status, you may not be able to change. However, other things, like your weight, driving record, and fitness status you can change. By making small changes in your lifestyle, you may be able to reduce your insurance premiums. If you have questions about your life insurance rate in Albany, NY, contact NY Twin Bridges Insurance Agency today.

3 Essential Steps To Getting the Right Life Insurance Policy

When shopping for a life insurance policy, it’s easy to get overwhelmed. There are policy options galore, and providers like NY Twin Bridges Insurance Agency are eager to provide custom terms that work best for you.

Therefore, it’s best to plan out your needs and your limits before you zero in on a policy. If you’re buying life insurance in Albany, NY, here are a few steps to ensuring you choose a policy that will suit your needs.

1. Choose A Reputable Insurance Provider

This may seem self-explanatory, but you have to make sure to do business with a policy provider that is financially strong.

Unlike other types of coverage, your life insurance policy has to hold up for many years to come. If you choose a provider whose services go under several years before your passing, then your investment will have been worth nothing. Similarly, if a provider is not financially strong, even if they are still in business, your beneficiary may have trouble claiming a payout down the road.

Investigate your options. A provider like NY Twin Bridges Insurance Agency has a great reputation and a strong likelihood of staying in business. Your loved ones can count on a painless payout when the time comes, and therefore, your investment is secure.

2. Determine The Purpose Of Your Policy

Why do you want life insurance?

Are you trying to ensure your children’s future? Do you want to protect your business? Perhaps you are searching for a unique way to invest back into your home or protect any other assets you may have.

The purpose of your policy will determine the type of coverage that makes the most sense for you.

For instance, if you’re taking out a life policy as an investment into your retirement, you should consider a term life policy. This way, you can get a payout during your lifetime if you so choose.

If you’re interested in protecting your business, a whole life policy with some clauses about your business may be in order. Typically, in this case, you may be inclined to make your business partner a beneficiary in terms of your business assets.

3. How Much Of A Premium Can You Afford?

The rule of thumb regarding life insurance is to seek out a policy that pays out up to five times your annual salary.

However, the main financial factor is: How much of a monthly premium can you afford? For instance, if you live on a middle-class budget, you may be less interested in a whole life policy which has the most expensive monthly rates.

If you cannot afford your own individual life policy, you may be interested in subsidized life coverage through your job if your employer offers this. Before making a decision on which coverage to buy, plan out your monthly budget and factor in the premium rates. Make your choices based on your calculations. Your friendly NY Twin Bridges Insurance agent can help you increase your coverage in the future if need be.

Are You Ready To Buy Life Insurance?

Now that you know which steps to take to secure the right type of coverage for your circumstances, contact NY Twin Bridges Insurance Agency to find the policy that works best for you. We are happy to supply you with quotes and custom options.

Who Needs Commercial Insurance?

As a business owner in Albany, NY, you have been investigating commercial insurance options with us at NY Twin Bridges Insurance Agency but aren’t sure what type of policy that you need. We can help you understand your available commercial policies, no matter what kind of business you run.

Commercial Insurance is Not an Absolute Necessity

If you operate a business, many states consider commercial insurance policies as a beneficial coverage option but may not mandate them by law in the way that auto insurance and other policies are required. However, you should still buy some commercial policies to fully protect yourself against potential loss.

For example, you may end up suffering from a liability problem or another issue that costs you good money to pay for without a policy. Even worse, you could end up getting sued by a client or an employee if they get injured on your property and you had no commercial insurance.

What Types of Coverage to Consider

When buying a policy for your business, make sure that you have commercial liability coverage. This option helps to protect you against claims made against your companies by others. You should also consider business income insurance in case you lose income or the ability to earn an income due to a covered problem.

And if you have employees beyond yourself, you must purchase workers’ compensation insurance options, unemployment insurance, and disability insurance policies. If you are without these policies, you could experience legal and financial trouble in the future.

Find the Right Policy

So if you need help finding commercial insurance in Albany, NY, please don’t hesitate to contact us at NY Twin Bridges Insurance Agency right away to learn more. Our experts will set you up with the policy that best suits your needs.

What a New York life insurance policy can do for you

Making sure that you are properly covered by insurance is very important. One of the best ways to protect yourself and your family today is with a quality life insurance policy. When you get a life insurance policy in the Albany, NY area, the policy can help to benefit you a number of different ways. There are many important advantages of a life insurance policy that you need to keep in mind. 

Gives Peace of Mind

One of the advantages of a life insurance policy is that it will give you peace of mind. When you have a life insurance policy, you will be finding a way to protect your family for the future. This can give you comfort that your loved ones will have a place to live and will not have to worry about the financial aspects of life if you were to pass away suddenly.

Investment Option

A life insurance policy can also be a good investment option. When you are looking for a life insurance policy you can choose either term life or whole life policy. While term life can be more affordable, a whole life policy can also act as a great investment option as a portion of your payments will accrue in cash value that will appreciate over time. 

There are clearly many advantages that come when someone gets a life insurance policy in the Albany, NY area. When you get a life insurance policy in this area, you should speak with the team at NY Twin Bridges Insurance Agency. The professionals at this insurance agency can help you to find a policy that provides you with the right level of coverage. The NY Twin Bridges Insurance Agency will make sure that you understand all of your options and life insurance benefits. 

How Does Commercial Insurance Protect Business Owners?

As a business owner, you should always be on the lookout for ways to improve not only your brand image but your actual brand, as well. One of the best ways to do this is by investing in commercial insurance. With the right insurance, you can rest easy knowing you are protected when the unexpected happens. Take for example someone sues your company and wins. Do you have the funds in place to compensate for the settlement? With insurance, you can protect yourself against heavy fees and penalties. Here at the NY Twin Bridges Insurance Agency serving the Albany, NY area, we want all businesses to succeed. Here’s a look at two other reasons you should protect your company with commercial insurance.

Protect Your Investment

To keep your operations running smoothly, you have likely invested quite a bit into equipment and inventory. Take for example that you’re a photographer who has purchased expensive cameras and editing software. With commercial insurance, you can protect your equipment and inventory in the event it is stolen or damaged. As a result, you can take comfort in knowing you can replace the damaged or stolen items in a timely manner.

Protect Your Employees

It’s imperative to speak with a qualified insurance agent as it may be required by law for you to have commercial insurance, especially if you have employees working for you. Your employees are at the core of successful operations, so it’s important to make sure you are doing all that you can to protect them.

Contact the NY Twin Bridges Insurance Agency today serving Albany, NY to learn more about the benefits of commercial insurance.

Is Life Insurance Right For You?

Life insurance is a tricky kind of insurance in the way that not everyone needs it right now but at some point, most people will. How do you know if you need to get it now, though? Here at NY Twin Bridges Insurance Agency, serving Albany, NY, we want to make sure that you are always covered with what you need. Answer the questions below to determine if you need to get life insurance at this stage of your life. 

  • Do you have a family that relies on your income? Whether you have a spouse, children, or both, you should consider if they need to have some financial help if anything were to happen to you. If you think they do and do not have a plan to provide that otherwise, life insurance is a good option.
  • Do you have outstanding debts? Contrary to popular belief, there are some types of debt that will live on after you. If you have debt like a mortgage debt or student loan debt, you will want to make sure you have enough life insurance to cover these amounts so your family does not have to take on that additional burden. 
  • Do you have enough money to pay for a funeral? Funeral costs can be a lot these days and that is only expected to get more expensive. Make sure you have enough in life insurance to cover the costs. 

After answering these questions, it should be pretty clear whether or not you need to have life insurance. If it is time for you to make the purchase, be sure to reach out to us here at NY Twin Bridges Insurance Agency, serving Albany, NY for your free quote. We can also help you determine how much you need and if now is the right time to purchase. 

Life Insurance for Young Adults: 5 Reasons to Get Insurance Now

Life insurance isn’t just for those with families or other dependents. Young adults in the Albany, NY also benefit from comprehensive life insurance policies. Here are several reasons why you should consider a policy from NY Twin Bridges Insurance Agency.

  • Life insurance can help you build a brighter future. Whole life policies accrue a cash value that you can borrow against to fund your education, buy property, or start a business. The stored value is also a great way to build an emergency fund to protect you from unforeseen circumstances.
  • You may not have dependents but there are others who depend on you. Roommates, family members, and close friends could be financially burdened by your sudden demise. An active life insurance policy ensures that your final expenses will be covered.
  • Young married couples need life insurance to protect the life they are building together. If one partner passes away suddenly, the funds from the policy will help the surviving partner handle daily expenses, pay for funeral services, and plan for their own future.
  • Do you own a business? Your commercial insurance policies protect your assets while you’re alive, but what happens if you suddenly pass away? A life insurance policy gives surviving business partners and family members more options. They can use the funds to continue operations by hiring extra help to replace you or pay off debts that threaten the business’ profitability.
  • As you get older, the cost to secure adequate insurance coverage rises. Get your policy now to avoid higher premiums in the future.

Life insurance is an important part of any long-term financial strategy. Not sure if a policy fits your plan? Talk to the professionals at NY Twin Bridges Insurance Agency. We carry life insurance policies for residents in the Albany, NY area. Let us know how we can help you secure a more stable future with life insurance.