Author: abraham

A common question we receive from policyholders is when are annuities a good idea. The truth is there is no perfect time to buy an annuity. It is best. However, to understand uh what an annuity will provide you with financially before you decide on buying one, an annuity is not in investments. It is insurance and you must approach the purchase of annuities with this mindset. Annuities are insurance contracts that give you guaranteed income with long term tax deferred growth for the rest of your life. There are many different types of annuities but they all have one thing in common. They provide a stream of payments that can last for the rest of your life that makes them an ideal way to create a guaranteed income in retirement. The right annuities within the right financial plan are very often good ideas, especially if you like the financial security and the peace and happiness that comes with it in your retirement years.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

I have to say pretty often home insurance policies are quoted from carriers for an entire year. This leaves so many homeowners wondering if they can pay their premiums monthly. I’ll tell you the answer is usually yes. With most home insurance policies, you can choose to pay premiums on a monthly basis rather than paying for the whole year. There can be complications when it comes to a mortgage though. That’s because a lot of banks pay home insurance automatically from an escrow account. Also, I want you to note that many carriers will offer a lower overall price on home insurance if you pay the entire year upfront rather than monthly. As always, if you have questions about how to handle your home insurance, set aside some time to talk it over with your insurance agent.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Many investors want to know if annuities are safe or if they’re on par with other forms of investments like uh mutual funds or bonds, for example. But before I answer this question, I’ve got to remind you that all forms of investment carry some level of risk and there is no such thing as a perfectly safe uh risk free investment. Sorry. Now, that being said, annuities are generally considered to be a safer form of investment because of the income uh that they produce is guaranteed. However, this guarantee is only as safe as the company backing it up and no companies are entirely immune to shifts in the marketplace. It’s definitely uh a smart move to carefully consider the performance and the stability of the companies that you do business with, especially when it comes to your family’s investments. Oh, and remember before you commit yourself to uh an annuity of any kind, it is definitely best to schedule an appointment with your financial advisor to review your options.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

With lawsuits becoming more frequent. Over recent years, many homeowners want to know if a home insurance policy provides protection against being sued in a civil proceeding. Now, the answer to this question really depends entirely on the details of your particular insurance policy. While many general home insurance plans offer some amount of liability coverage, the amount of coverage can vary. And it is worth noting that if you’re still paying off your mortgage, your bank may require you to have a certain amount of liability coverage in your policy to make sure that you are fully protected from litigation. It is definitely wise to include at least some liability coverage in your home insurance policy and it’s also a good idea to consider an umbrella policy which will further increase the coverage limits for additional details on how to ensure your home insurance policy provides proper liability protection for you and your family, speak with your insurance agent before making any final policy choices.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

I’ll be honest here. Medicare coverage can be confusing and one common question people ask is whether or not their spouse can be covered under their Medicare plan. So the short answer is no, a person qualifies for Medicare once they reach 65 or if they have a specific disability, um your Medicare plan is for you and it’s for you alone also, since it’s pretty unlikely that you and your spouse were both born in the same month of the same year, one of you will qualify for Medicare before the other. However, you can purchase uh Medigap and Medicare Advantage plans to cover both you and your spouse and also help pay for some things that Medicare might not cover. Now, I just want to remind you though that before making any choice on either a meta gap or Medicare Advantage plan, make sure that you sit down with your insurance agent and review all of the facts.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Are auto insurance rates negotiable. Well, the short answer is no auto insurance rates are generally not negotiable. However, there is more to this question than my short answer that I just gave you. So in truth, uh what most people want to know is how they can lower their auto insurance rates. Now, while the premiums, a carrier offers aren’t negotiated, there are actually other ways that you can knock that rate down. Auto insurance carriers determine their fees based on this really complex set of variables that include, you know, uh your driving record and um, your age where you live, uh, how many miles you drive in a month, things like that, which means if you want, uh lower insurance rates, then there are several things that you can do. Uh, for starters, you can drive fewer miles, which might mean, you know, carpooling or taking public transportation. And let’s see what else? Um Another great idea that you could do to, um, lower those rates is to improve your driving record by going to driving school. As a matter of fact, some carriers will encourage you to take a defensive driving class in exchange for lower premiums, I gotta say, uh a knowledgeable insurance agent can help you find ways to lower your premiums. So even though rates aren’t directly negotiable, there are definitely plenty of ways to save money on auto insurance.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

While pit bulls have gotten a bad rap in recent years, the truth is that they can make loyal and loving pets. However, some homeowners insurance companies will not cover homes with pit bulls due to the perceived aggression of the breed. And this can be a significant problem for pit bull owners making it difficult to find affordable coverage. Pit bull owners can take steps to reduce their risk such as enrolling their dogs in obedience classes. But ultimately, the decision of whether or not to cover pit bulls lies within the insurance company. As a result, pit bull owners may want to consider shopping around for a company willing to provide coverage. These companies typically require that the dog be registered up to date on vaccinations and legally owned. In addition, the homeowner must have a liability policy in place. If the dog injures someone while this coverage may be more expensive than standard homeowners insurance, it can provide peace of mind for those who own a pit bull.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Many homeowners would like to know if a home insurance policy can be backdated to provide coverage before the policy was actually purchased. Now, obviously, this type of arrangement would benefit the homeowner, right? I mean, imagine only paying for insurance after a disaster occurs. So the answer is usually no, but there are some exceptions. On rare occasions, an insurance carrier may recognize that a homeowner has allowed their insurance policy to lapse unintentionally and will honor the claim even though the account is not up to date. Now, I want you to note that this is by no means obligatory. Most insurance companies will use a lapse in coverage as a reason not to honor a claim and it is their right to do so. In fact, most insurance companies institute a waiting period before coverage takes effect generally between 3090 days to prevent exactly this type of situation. Now, ultimately, the safest course of action is to keep your premiums up to date, to ensure the protection from your homeowners policy remains in effect.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

A long term care life insurance rider or LTC RIDER is a policy added to your life insurance that can provide you with financial assistance. If you need to receive long term care services, it works by using part or all of your death benefit for long term care while you’re alive. An LTC RIDER can help pay for your long term care expenses that traditional health insurance doesn’t cover. However, if you’re considering adding an LTC Rider to your policy, you wanna make sure that your life insurance policy is large enough to cover both your death benefit and your long term care expenses. You’ll also want to be sure to read the fine print of your policy so that you understand exactly what’s covered and what’s not adding a long term care life insurance rider to your policy can be a great way to help ensure that you’re prepared for whatever the future may hold. If you think this rider might be right for you, be sure to talk to your insurance agent about your options.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.

Many business owners ask about the expenses that can be deducted from their taxes. One common deduction that business owners can take advantage of is business insurance. If your business expenses are ordinary and necessary, then your business insurance can be deducted from your taxes. This includes premiums for general liability, property damage, workers compensation insurance, and automobile insurance. However, there are certain types of business insurance that cannot be deducted. Premiums for loan protection insurance and a disability insurance policy that covers your lost income are two examples of the types of insurance that usually cannot be deducted. Now, if you have questions about whether or not your business insurance can be deducted, it’s best to speak with your insurance agent. They will be able to give you the most accurate information based on your individual business situation.

We’d be happy to review your insurance coverage options with you! Give us a call at 440-729-4042 or visit https://luczkowskiagency.com.