Coverage limits are the max amount an insurance policy will pay out in the event of a covered loss. When we are talking about the structure of your home, we are referring to Dwelling Coverage, or Coverage A in your homeowner’s policy. In the event of a complete loss, such as if your home burns down or is hit by a tornado, you’ll want these limits to be high enough to cover the costs of rebuilding your home.
Whole Life Insurance
- There are several benefits to a whole life insurance policy.
Whole life insurance provides a guaranteed death benefit to the policyholder's beneficiaries. This means that the policy will pay out a predetermined amount to the beneficiaries upon the policyholder's death, regardless of when the death occurs. This can provide financial security and peace of mind to the policyholder and their loved ones.
- Whole life insurance accumulates cash value over time. As the policyholder pays premiums, a portion of the money goes into a cash value account, which can grow through interest and other earnings. The policyholder can typically access the cash value through loans or withdrawals, although doing so may reduce the death benefit and the policy's cash value.
- Whole life insurance provides stability. The premiums for a whole life insurance policy are typically fixed, which means that the policyholder knows exactly how much they will be paying for coverage each year. This can be beneficial for policyholders who want to budget for their insurance costs and who do not want their premiums to increase over time.
Whole life insurance may be useful for policyholders who want permanent life insurance coverage and who want to provide financial security and stability for their loved ones. It may also be a good option for those who want to accumulate cash value over time and who want the option to access that cash value through loans or withdrawals.
It is important for policyholders to carefully review the terms and conditions of their whole life insurance policy and to understand the potential risks and benefits of accumulating cash value and accessing it through loans or withdrawals. Policyholders should also consider their financial goals and needs when deciding whether a whole life insurance policy is the right choice for them. Our knowledgeable insurance agents are here to help you find the policy that is right for your unique needs.
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Life and Health Benefits Manager
In the insurance business since 1989, with almost 30 years in the insurance business, Kimberley Mondus started with John Hancock Insurance in the group health department, processing medical and dental claims, where she then became a claims auditor and trainer.
John Hancock group health was then purchased by Wellpoint's Unicare Insurance in 1996 where she continued to audit claims for large companies such as Com Ed and Abbott Labs. In 2000 she moved to the agency side of the business for Group Health and Life and has been there ever since. Kimberley joined the Concklin Insurance Agency family in 2015 and would like to continue to add to her knowledge of insurance with Commercial and Personal lines coverage as well. She is licensed in Life & Health as well as Property & Casualty.
The Concklin Difference
Family Owned Small Business
We understand small business because we are one. Concklin Insurance Agency was started by Craig Concklin and his father, Tom Concklin in 1981. We continue to be a family owned, small business to this day.
Independent Insurance Agents
Concklin Insurance Agency has relationships with over 30 insurance carriers. This means we have options to make sure you have the coverage you need, at the best value - uninterrupted.
We understand the importance of community. Which is why we participate in fund raisers, and donate directly to local and national nonprofits.
As Trusted Insurance Advisors we are your advocate for all things insurance. We are here to talk about ways to mitigate your losses, provide insights into the insurance market and trends, and ,should a claim occur, we are in your corner every step of the way.
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Independent Agents act more like Trusted Advisors. We have your best interests in mind, even after coverage is bound. Like a Trusted Advisor, Independent Agents are your advocate if a claim should occur. Being in your corner means being there every step of the way, from helping you decide if a claim should be filed to talking with claims auditors and adjusters, the wellbeing of our clients is our number one priority.