Life Insurance for Your Retirement Planning

Posted on October 28, 2024October 24, 2024 by admin

If you are saving for retirement, chances are you already have an IRA, a 401(k) plan, and other well-known kinds of investments. But at The Washwick Agency, serving Bethlehem, NH, and all of New Hampshire, we encourage all of our customers to consider adding life insurance to their retirement portfolio.

Specifically, we recommend cash-value life insurance as a retirement investment.

Why Consider Life Insurance for Retirement Planning?

Cash-value life insurance helps you accumulate investment earnings without paying taxes before withdrawing from your policy.

Whole life and universal life policies contain both an insurance element, that is, they help protect your loved ones in the event of your premature death, and an investment element, earning money on the portion of your premiums in excess of the cost of insurance.

The value of these policies increases the longer you keep paying your premiums. After two years, you can take out a loan against the cash value of your policy that you do not have to pay back (although it will reduce the value of your death benefit if you don’t). You can surrender your policy for its entire value, or, in some situations, you can take out a policy with an option for paid-up premiums for lifetime coverage.

You can choose the investments you want for universal variable life, gaining the opportunity for greater earnings tied to a market index.

Life insurance can be a way to transfer wealth between generations without gift tax or inheritance duties.

Discuss Your Options with Us

Come in and talk with your agent at The Washwick Agency, serving Bethlehem, NH, and all of New Hampshire, about your options for life insurance investments for your retirement security. See how we help you have enough money to retire by protecting your asset growth from taxation while protecting your family’s security.

Regular Review Of Your Medicare Coverage Can Help You Save Money

Posted on September 30, 2024September 30, 2024 by admin

As one grows older, health insurance coverage becomes increasingly critical. The Medicare program covers Americans aged 65 and above and offers myriad coverage options. However, the extensive array can often be confusing, potentially leading to gaps in health coverage and increased out-of-pocket costs. As a person’s health needs may change during this life stage, periodically reviewing their insurance is always advisable. At the Washwick Agency in Bethlehem, NH, we offer guidance to help you navigate the numerous Medicare coverage options.

The Benefits of Regular Review of Your Medicare Coverage

While your current Medicare coverage may have been suitable in the past, changes in your health conditions could increase the regularity and amount of copays or deductibles you need to cover. Perhaps there’s been a change in your financial situation, and you wish to decrease your coverage premium. Or you could be seeking additional coverage for vision or dental care that your current plan does not offer.

Variety in Medicare Options

Original Medicare and Medicare Advantage plans provide a broad range of options. You have the power to reduce your premium, secure additional coverage, or decrease copay and deductible amounts. While traveling, you can even enhance your coverage for certain prescription medications or insurance.

The Washwick Agency: Your Partner in Medicare Healthcare Planning

Our experienced agents are equipped to help you navigate the myriad variety of Medicare plans to help you find the one best suited to you. Additionally, we offer a range of insurance products, including home, auto, watercraft, RVs, motorcycles, and business. Contact the Washwick Agency today for a non-obligatory Medicare health insurance coverage quote tailored to your unique healthcare needs.

Does RV Insurance Cover Personal Belongings Theft?

Posted on August 30, 2024August 28, 2024 by admin

RV Insurance and Theft Coverage: Protecting Your Personal Belongings

Traveling with your RV means more than just a vehicle on the road – it’s your residential haven on wheels. Naturally, you’d want to secure it and all the valuables contained within against possible threats. So, what happens if your RV gets broken into and your personal belongings, including jewelry and electronics, are stolen? To what extent does your RV insurance cover theft? The insurance experts at The Washwick Agency, serving Bethlehem, NH, offer the following advice for your peace of mind before you hit the road.

Understanding RV Insurance Coverage

There are various types of RV insurance plans. However, a standard RV insurance policy generally protects the RV and certain integral items, such as appliances, fixtures, and built-in electronics. The degree of coverage for personal belongings like computers, jewelry, and other valuables can vary. Some personal items might be covered under the standard RV insurance policy, while for others, additional coverage may be required through what is termed a rider or endorsement.

Importance of Regularly Reviewing Your Insurance Coverage

Before venturing forth on your RV adventure, ensure that your insurance policy is up-to-date and that you fully comprehend your coverage. At the Washwick Agency, serving Bethlehem, NH, we recommend periodically reviewing and updating your policy coverage, including adding protection for personal belongings. Don’t automatically assume that everything inside your RV will be covered. You don’t want to discover post-theft that your valuables were not covered.

We are Dedicated to Your RV Insurance Needs

Many insurance providers offer added coverage options for existing policies, commonly at reasonable premiums. Protecting your valuables could be as simple and effortless as exploring these options. Our goal at The Washwick Agency is to offer you up-to-date information and insurance solutions needed for sufficient coverage. If you’re in the Bethlehem, NH, area and require RV coverage consultation, don’t hesitate to contact us.

Safety Tips for Motorcycle Riders

Posted on July 30, 2024July 30, 2024 by admin

Riding a motorcycle is a unique experience filled with freedom and thrills; it’s part of why so many people are enthusiastic about riding. However, motorcycling also brings about its own set of worries, particularly concerning accidents and traffic navigation. These concerns further emphasize the importance of motorcycle safety, which is why Bethlehem, NH residents rely on the professional and friendly team at The Washwick Agency for all their motorcycle insurance needs.

Motorcycle Safety Tips

Before you rev up and hit the road on your motorcycle, it’s essential to remember these safety tips:

Always have an escape route in mind. If required, steering your bike onto the side of the road is always a safer choice than colliding with another vehicle.
Stay visible. Drivers might overlook motorcycles, so wearing bright colors can increase your visibility.
Never venture out without your safety gear.
Stay weather-aware. Weather conditions significantly affect how all vehicles drive, handle, and stop, particularly motorcycles.
Always ride with sufficient motorcycle coverage because you never know when you might need it.

Protection and Coverage for You and Your Bike in Bethlehem, NH

If you reside and ride in or around Bethlehem, NH, and need motorcycle insurance or have any questions, our experienced team at The Washwick Agency can assist. None of us wants to experience an incident like an accident where we need insurance, but we’re always glad we have coverage when such a situation arises. Contact us to learn more and schedule an appointment so you and your motorcycle get the protection and coverage you need and deserve today.

Insurance Coverage For Navigational Aids

Posted on June 28, 2024July 1, 2024 by admin

Do you rely on navigational aids while onboard your boat? If so, insuring them may prove beneficial. The additional protection offers financial relief if you need repairs or replacements.

Essentials For Your Boat

Identify the navigational aids that are important for your boating activities. Some equipment may help you navigate through water bodies, while others might support successful fishing or other outdoor activities.

The essentials that you rely on are the pieces of equipment you should consider insuring. Your standard boat insurance policy may not offer sufficient coverage for the navigational equipment that you own.

It is advisable to review your insurance documents. During this process, note your policy’s offered coverage and research the coverage types and terms included in your policy.

Equipment Check

Perform an equipment check to assess the condition of each navigational aid. During this process, note any parts that may need repair or replacement soon.

Typically, you would want to insure clean and damage-free equipment. An equipment check ensures that all navigational equipment is in operating condition.

Coverage Amounts

Determine the required insurance coverage amount for your navigational aids. It is recommended that you choose higher coverage for expensive equipment used frequently.

Agent Assistance

Contact one of our agents who represents The Washwick Agency. An agent serving Bethlehem, NH, will schedule a consultation to discuss your boat insurance policy with you.

Umbrella Insurance for Landlords

Posted on May 31, 2024June 4, 2024 by admin

Do you own multiple rental properties as part of a larger investment portfolio?

If the answer to any of these questions is yes, you may need umbrella insurance. At The Washwick Agency, serving Bethlehem, NH, and customers in Maine, Vermont, Long Island, Florida, South Carolina, Texas, and Maryland, we can help you secure the umbrella insurance coverage you need.

What is umbrella insurance?

Umbrella coverage provides liability coverage over and above the limits of individual policies.

If you own rental property, you need liability coverage to protect you from losses due to accidents and injuries on your property. In many states we serve, landlords need protection from liability for the criminal acts their tenants commit. (The theory is you should have done a criminal background check before renting your property.)

Landlord liability insurance can also cover damages by tenants and loss of rental income. You can rent out your properties without any liability coverage at all—a potentially severe omission, in our opinion—or you can take out a standard liability rider of $100,000 to $500,000 for each insured property. But what happens if you are sued and your tenants win a multi-million dollar verdict?

It doesn’t happen very often, but it does happen. Depending on how you set up the ownership of your properties, a judgment against you for something that occurs at your rental property can wipe out your savings and other assets. And if you hold properties in your own name, all your assets are at risk.

Prevent financial catastrophe with umbrella coverage. Call us at The Washwick Agency, based in Bethlehem, NH, but serving eight states, and get the umbrella insurance you need.

Areas of Consideration When Picking a Health Insurance Plan

Posted on April 30, 2024May 2, 2024 by admin

What are some of the things to be thinking about when shopping for a health insurance plan? Indeed, there is nothing more important than your health! This is why you must take your time and pay attention when shopping in the market. Our team at The Washwick Agency can help you understand your health insurance options so you can make an informed decision. Whether you live in Bethlehem, NH, or elsewhere, we are in a position to provide sound advice.

Coverage Types

What coverages do you need for your health insurance policy? Once you know what you want, you can decide what type of coverage you want in your health insurance policy. Health insurance policies will all be unique, offering various coverage types. Matching the coverages to what you will get value from is critical to your long-term gains from the policy.

Deductibles

You want to have a good understanding of what the deductibles will be in your health insurance policy. What is your out-of-pocket cost going to be when you go to use the policy, and what deductibles need to be met before the insurance coverage kicks in? These are good questions to ask to be sure you are in an excellent financial position to get the benefit.

Shopping for health insurance does not need to be a scary proposition. Our team at The Washwick Agency can walk you through your options and help you understand the different nuances of each policy. Living in Bethlehem, NH, the great thing is you have plenty of health insurance options, which can also make it daunting to make selections. Let our team help you understand the various factors.

Three Questions to Ask Your Agent About Life Insurance

Posted on March 29, 2024March 28, 2024 by admin

Securing a life insurance policy can seem daunting. Whether you are a resident in Bethlehem, NH, considering buying life insurance, or an existing policyholder seeking to update your plan, The Washwick Agency is here to alleviate your concerns and help you find the right coverage.

The Washwick Agency: Your Trusted Insurance Partner

In the vast arena of life insurance, choosing the ideal coverage to secure your family can be a challenge. The Washwick Agency in Bethlehem, NH is driven by the commitment to help you navigate this process. We aim to help you make the right decisions so you can experience the reassurance of knowing your loved ones are protected.

What Are Medicare Plan Parts?

Posted on February 28, 2024February 26, 2024 by admin

Demystifying Medicare Plan Components

Medicare, the federal health insurance program for individuals aged 65 and above or those with certain disabilities, has various coverage options crucial to safeguarding your healthcare and financial status. Let’s explore the different components of a Medicare plan.

Part A: Hospital Insurance

Think of Part A as insurance for hospital stays. This component typically covers inpatient hospital care, skilled nursing facilities, hospice, and some types of home healthcare. It serves as a standard in all government Medicare plans.

Part B: Medical Insurance

Part B covers non-hospital medical services. This includes doctor visits, outpatient care, medical equipment, and preventative services like screenings and wellness checkups. Like Part A, Part B is standard across all government Medicare plans.

Part C: Medicare Advantage

Medicare Advantage plans offer an alternative to traditional Medicare. Private insurance companies manage these plans and provide at least the same level of coverage as Parts A and B, often with additional benefits like vision, dental, and prescription drug coverage. Numerous residents in Bethlehem, NH find Medicare Advantage more beneficial than the standard Part A and Part B plans. Consult with us at The Washwick Agency to verify what Part C might offer you.

Part D: Prescription Drug Coverage

This optional component helps cover prescription drug costs. You can add Part D to Original Medicare (Parts A and B) or incorporate it into a Medicare Advantage plan.

Select the Right Plan for You with The Washwick Agency

Finding the perfect mix of components for your Medicare plan is key to acquiring the best coverage for you. If you’re in Bethlehem, NH, let The Washwick Agency guide you in selecting the options that will provide the coverage you need.

Will RV insurance cover the repair of my RVs fridge?

Posted on January 22, 2024January 28, 2024 by admin

RV insurance, like auto insurance, covers many different areas. Of course, no two RV insurance companies are exactly alike. Understanding what’s covered by your RV insurance will vary from company to company. The Washwick Agency team knows that understanding what’s covered can be confusing. We’re committed to helping Bethlehem, NH area RV owners understand what’s covered and what’s not.

What is RV insurance?

RV insurance is similar to auto insurance in that it can provide liability protection as well as collision and comprehensive protection depending on the particular type of coverage you invest in. Any motorized RV must legally be covered by a liability insurance policy. Any additional form of coverage can be chosen according to the owners’ preferences or other requirements. RV owners can invest in coverage for the repair of their RV if it’s damaged in an accident, as well as coverage for theft, some natural disasters, and vandalism.

Will RV insurance cover the repair of my RV’s fridge?

No. RV insurance won’t cover your RV’s appliances as well as many other things associated with your RV, including your generator. However, RV warranty coverage can cover your appliances as well as other items and issues that aren’t covered by a typical RV insurance policy. Typically, your appliances are warranted, and extended manufacturer warranty is often an option as well. Like car insurance, RV insurance typically covers theft, vandalism, some natural disasters, damage from wrecks and other circumstances, windshield damage, non-moving accidents and more. However, appliances and other items often aren’t a part of what is covered by an insurance policy.

We Are Here To Help

If you have questions about RV insurance, call us at The Washwick Agency. We can explore your options in the greater Bethlehem, NH area and discuss your unique needs and preferences. We’re standing by.

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