At Access Insurance Services of San Antonio, TX, we are often faced with this question from our clients: Do I need life insurance if I am unmarried? The simple answer is yes. Life insurance isn’t only about married people and persons with children. It’s broader than that. Here are a few reasons you should purchase life insurance even if you are single.

You have debts

If you have federal student loans, your debt is written off once you die. However, if you have private student loans with a consignor, he or she may still have to repay the loan when the good Lord takes you. The same goes for other cosigned debts — mortgages, jointly owned credit cards, and car loans. 

Anyone that guarantees your loan will have to bear the financial burden if you die. As such, life insurance becomes a worthwhile investment to ensure that you don’t burden those you leave behind with loans. 

You have other dependents

Maybe you don’t have children, but you have other people depending on you. It could be your siblings, parents, or someone close. If you want your dependents to have an uninterrupted flow of income when you die, life insurance is the go-to safety net.

You own a business

If you have a business partner, it’s good to invest in life insurance to ensure the business’s continuity. Life insurance plugs the financial hole left in case of the demise of one of the partners. While life insurance won’t replace your skillset, it buys your partner time to make decisions suitable for the business. 

To cover funeral expenses

Final expenses cost an average of $7,000 to $10,000. Without proper investment and planning, you could burden your mourning friends and family with funeral expenses. However, when you purchase life insurance, your loved ones can mourn your death peacefully without the headache of footing your final expenses.

Are you ready to get started with life insurance? Whether young or old, it’s never too late to talk to Access Insurance Services of San Antonio, TX, for life insurance coverage. Contact us today.

As a business owner operating in San Antonio, TX, having commercial insurance shouldn’t be optional. It is a necessity that helps you to protect your organization. However, there are some complex issues that you might not be having some clear answers to when operating in this market. Access Insurance Services provides detailed answers to some of the complex problems in commercial insurance. 

Is Commercial Insurance Tax Deductible?

Commercial insurance is treated as a general expense in an organization. Therefore, it is a tax-deductible expense. However, it should specifically be to operate your business. However, there is some commercial insurance that is not tax-deductible. If the business insurance is for reserve funds or replacing lost income, such policies are not deductible.

Is Commercial Insurance Required by the Law?

Commercial insurance is not required by the law. However, having it in your organization helps you cover some of the legal aspects that may affect your organization. For example, commercial insurance may help your company to cover disability expenses. There are some instances of professional liability that are likely to occur. That is why you need to have commercial insurance to handle such issues.

Does Commercial Insurance Cover Lawsuits?

Commercial insurance can help in covering everything concerning your organization. In this case, it can help your company cover all the legal costs that your entity might be facing. However, you need to ensure that you have enough coverage for your business insurance to cover lawsuit expenses. Some basic commercial insurance policies may not cover lawsuit expenses.

Get the Right Commercial Insurance

The primary aim of having commercial insurance is to help in covering your business against possible financial liabilities. In San Antonio, TX, Access Insurance Services stands out as the best company for commercial insurance. We’ll help you to get a cover that meets your business needs.