Life insurance policies can be confusing, and those requiring an exam often end up providing less coverage than someone needs, which is why no-exam life insurance policies are becoming a popular choice. These policies offer coverage without worrying about the hassle of a medical exam or a lengthy underwriting process. Still, there are many benefits to these policies, as well as more than one type.

Benefits of No-Exam Life Insurance Policies

No-exam life insurance policies have become popular due to their convenience and quick application process. Unlike traditional policies, they don’t require a medical exam or a lengthy underwriting process, allowing individuals in the Ruidoso, NM area to obtain coverage with minimal effort quickly. No-exam policies are especially beneficial for those with pre-existing medical conditions or who need immediate coverage due to major life changes.

Types of No-Exam Life Insurance Policies

There are mainly two types of no-exam life insurance policies available: simplified issue and guaranteed issue. Simplified issue policies require applicants to answer a few medical questions on the application, but they offer higher coverage limits and are usually more affordable than guaranteed issue policies. For help determining whether simplified or guaranteed issue policies are right for you, contact the experts at Family Insurance Associates.

Factors to Consider

When looking for a no-exam life insurance policy, there are several important things to keep in mind. These include how much you’ll need to pay in premiums, how much coverage you need, how long you’ll need coverage, the policy’s terms and conditions, and the insurance company’s reputation. Always take your time to compare policies for your specific needs.

Protect your family’s future with the help of Family Insurance Associates, serving the Ruidoso, NM area. Our team of experienced agents will work with you to find the right insurance coverage for your budget and needs. Visit our website today, or email us to learn more and to get started.

If you’re a business owner in New Mexico and looking for ways to protect your business investments, consider getting commercial insurance. 

Contact the insurance experts at Family Insurance Services in Ruidoso, NM for a free quote! 

Be Prepared for The Unexpected and Whatever Comes Your Way with Commercial Insurance

Commercial insurance is like having a financial security blanket that helps shield your business from financial losses in the form of lawsuits, theft of services, theft of intellectual property, and damage from natural disasters. 

General liability insurance shields your business from devastating financial losses from lawsuits if patrons are injured on your property. 

Worker’s comp can safeguard your finances against compensation claims for medical reimbursement and damages awarded to injured employees on the job site. 

How to Choose the Best Commercial Insurance Policy for Your Business in New Mexico

Business owners have a wide variety of insurance options to shield their financial investments from unexpected losses. 

The best way to find a custom commercial insurance policy to protect every aspect of your business is to talk to a knowledgeable insurance agent who can show you the benefits of each policy type.

A licensed insurance agent at Family Insurance Associates in Ruidoso, NM can answer your questions about getting commercial insurance in New Mexico.

They can also review individual commercial insurance policy options, add-ons, and premiums to customize coverage. 

Get a Commercial Insurance Quote in New Mexico

Ready to invest in a New Mexico commercial insurance policy to protect your business? An insurance solution is available if you need insurance to protect your business assets, commercial trucking fleet, or liability protection. 

Contact an insurance agent at Family Insurance Associates in Ruidoso and get a free quote for commercial insurance today! 

Perhaps your employer only offers the minimum medical insurance required by US law, but you really want dental and vision coverage. Family Insurance Associates wants you to know that you can add that coverage with a personal dental and vision plan from our firm.

Dental and Vision Coverage Choices

You have many choices. Not all dental and vision policies offer the same coverage. You can choose between the two – either adding dental or vision coverage. You don’t have to add both types of insurance.

Local Doctors

Don’t worry about keeping your local Ruidoso, NM doctors when you add this type of insurance. Our plans already provide local coverage.

Essential or Comprehensive Coverage

You will need to choose between plans covering essential annual checkups and more comprehensive plans covering advanced treatments. Dental insurance refers to treatments such as braces or invisible straightening options. Vision insurance refers to purchasing glasses, contact lenses, or undergoing laser surgery.

Deciding on a Deductible

Some plans offer no deductible, while others require you to decide on a deductible you find comfortable. A deductible refers to the amount of money you’ll pay for dental and vision services before insurance kicks in and pays.

A higher deductible typically lowers your monthly premium. A lower deductible raises the monthly premium. While it might seem tempting to choose the option that results in a lower premium, consider how often you’ll need services that require a deductible. Do the math to determine which option costs you less.

If you need to purchase glasses and contacts each year, then choosing a higher premium with a lower deductible could save you money in the long run. Similarly, if you know that you want to get braces or teeth whitening or you’ll need filings eventually, choosing a lower deductible with higher premiums makes more sense.

Contact Us Today

In Ruidoso, NM, contact Family Insurance Associates for dental and vision coverage to help you remain healthier. Let us help you build an insurance plan that provides for your dental and vision care.

Most people don’t want to think about life insurance too soon because it gets them thinking about when they die and leave their loved ones behind. Even though it’s something most people don’t want to think about, it’s important to think about and plan for sooner rather than later. There are many life insurance policies and ways to calculate how much life insurance might be right for you.

Types of life insurance policies available

There are two main types of life insurance policies available on the market. The first is term life insurance. Term life insurance only covers a certain time rather than the rest of your life. This option does not come with the option of building cash value as the permanent option does.

The second type of life insurance is permanent life insurance. Permanent life insurance is set in place for the remaining part of your life instead of a set time. With this comes a premium rate that is set at a fixed rate. Unlike term life insurance, permanent life insurance builds up cash value.

Important things to consider

On top of deciding whether you want term or permanent life insurance, other things are also important to consider.

• Your policy should include enough to pay off your debt in full, plus a little extra for interest.
• Income replacement for dependents if you are the sole income provider
• Only insure people who would be a financial loss to you if they died.

Calculating how much life insurance to get

There are a few different ways to calculate the right amount of life insurance that you should have.

• Multiply your annual income by 6-10 and add 100,000 per child.
• Multiply the annual salary by the number of years left until you retire.
• Take the amount of money survivors will need to maintain a standard of living and multiply it by 20.
• DIME: Debt, Income, Mortgage, Education

Contact us today for a quote at Family Insurance Associates in Ruidoso, NM.

Family Insurance Associates is the insurance resource for business owners in the Ruidoso, NM area. If you are looking for the right commercial insurance policy to protect your business, we are here to help! Contact our office today to learn more. 

Look for these features when selecting your commercial insurance policy 

Thinking of starting a new business, or has your established company outgrown its current policy? Finding the right commercial policy is an integral part of protecting your business. Below are a few features to consider when selecting your policy:

• An adequate level of protection – assess your coverage needs considering the value of all equipment and machinery. Be sure that your policy limits are enough to protect your business.
• Coverage for any specialized needs like high inventory risk or liability needs if you operate in an industry with many lawsuits associated with doing business. Liability protection is also crucial in high-risk industries where injuries often occur.
• Work with a local agent – when you obtain your commercial insurance policy through a local agent, you will have an effective resource available if you ever need to file a claim. A local agent will also be helpful when reviewing your policy for completeness before renewal.

Finding the right commercial policy doesn’t have to be a chore when you work with a local agent!

We are here to help with all of your commercial insurance needs 

If you own a business in Ruidoso, NM, or the surrounding area, turn to the team at Family Insurance Associates for all of your commercial insurance needs. Contact our office today and schedule a consultation to find out more about commercial insurance.

The best way to protect yourself from unnecessary expenses is to ensure you know what you’re signing up for. Check your company’s plan closely to ensure that these benefits are covered 100 percent. In addition, make sure you understand any waiting periods before you can receive coverage. Waiting periods vary widely, but they are often between 90 and 180 days—Call Family Insurance Associates in Ruidoso, NM for expert help. 

What to Know About the Restrictions 

Dental and vision insurance plans have strict limitations, including yearly maximums on benefits and a minimum period of coverage. Some plans have a waiting period before coverage begins. Dental plans have a maximum benefit amount for dental procedures. 

You might have a vision plan that only covers up to a certain dollar amount of prescription eyewear. Similarly, a dental plan might only cover certain procedures, such as root canals, but not cosmetic dentistry like teeth whitening. 

Some dental and vision plans have limitations on how often you can visit the dentist, how much vision care you can receive, or how much you can spend on vision care. Major medical usually has a fixed dollar amount, such as $500 or $1,000. 

You may not be covered for certain services, such as orthotics, during the first few months of your policy. Some policies have a maximum value. After receiving that amount, you must continue to pay for the plan’s share of the cost of covered services. Some plans have a maximum number of visits or amount of money you can spend on vision care per year. 

Final Thoughts 

If an employee’s spouse has a vision plan through their employer, can the employee add that spouse to their vision plan to avoid paying for the spouse’s vision coverage? What if the spouse’s vision plan is better than the employee’s vision plan?

Does the employer need to keep track of all of these plans? What if an employee has vision coverage through their spouse’s vision plan and the employee’s spouse has a better vision plan? For the correct answers, call Family Insurance Associates in Ruidoso, NM.

Life insurance is not something that is one and done. The life insurance that is right for you when you are 25 and unmarried may not be the same life insurance that is correct even ten years later. It needs to be reevaluated from time to time. At Family Insurance Associates in Ruidoso, NM, we know that this is not a subject most customers are very familiar with. We are delighted to discuss all the vital information with you. As independent insurance agents, we have loads of options to find the perfect fit. 

When you first go out on your own

Part of adulting is taking responsibility for your life. You are young and healthy, and dying is probably far down on your list of worries. But, it is never too soon to take responsibility for any debt that you may have. You may not need vast amounts of life insurance, but making sure you have some is good. 

When you change employers

If you count on the life insurance provided with your benefits package through your employer, changing jobs will affect your life insurance. 

When you start a family

Children are the most major change you will probably ever make in your life, and they are certainly someone you need to provide for. This long-term thing may require years of your income, depending on how young your children are. 

Retirement

Once you are retired, there may be very little need for life insurance unless you are not in a position to pay for final expenses. Talk about the options with your independent insurance agent. 

Contact Family Insurance Associates in Ruidoso, NM when you are ready to sit down and discuss what your life insurance needs are.

New Mexico law mandates that businesses with three or more employees, regardless of whether they are full-time or part-time, carry workers’ compensation insurance to help pay for medical bills related to workplace injuries and illnesses. If your company is in the construction industry, you will need workers’ compensation insurance if you have just one full or part-time employee. Additionally, any vehicle owned by the business must have commercial auto insurance coverage with at least the below minimum liability requirements:

• $25,000 bodily injury liability per person
• $50,000 bodily injury liability per accident
• $10,000 property damage liability per accident

While it may be tempting to skimp on insurance to save money for your business, failure to carry the two required insurances in New Mexico can have a devastating impact. Consequences of not having commercial insurance can include the following:

• Fines and Jail: Failure to have workers’ compensation insurance violates New Mexico state law and subjects the business owner to numerous penalties and even jail time for repeated offenses.
• No Safety Blanket: If a customer trips and falls outside your builder or is sued after missing a key client deadline outlined in the contract, you’ll want insurance to help pay for the required remediation. Not having coverage means you’ll be on the hook for all the costs.
• Loss of Clients: Many contracts will require that you have adequate insurance coverage, and failing to do so may result in losing work.
• Loss of Property: If you rent space for your business, a landlord may decide not to work with you if they learn that you do not have liability insurance or any other coverage

At Family Insurance Associates in Ruidoso, NM, we understand the time, commitment, and expense required to run a successful business. Consequently, we’ll work with you to find the perfect commercial insurance policy for your needs. 

When most people are thinking about health insurance, most overlook dental and eye care. Regrettably, neglecting your eyes and teeth could affect your overall well-being. As such, you need to take optimal care of these vital organs just like you do with the rest of the body parts.

Speaking of eyes and dental care, have you thought about dental and vision insurance? At Family Insurance Associates in Ruidoso, NM, we have prepared a FAQs section to help you understand these coverages in detail.

What is dental insurance, and what does it cover?

Dental insurance falls into two categories: basic and full coverage. Basic coverage covers preventive dental care, including cleanings, x-rays, and simple dental procedures like cavity fillings. On the other hand, full coverage covers preventive care, and extensive dental treatments like implant restorations, at just a small co-pay amount.

Even if you may have a full dental insurance plan, it doesn’t mean you won’t incur any out-of-pocket expenses. Ordinarily, you may have to incur deductibles, co-pay, and coinsurance. However, these amounts are negligible when compared to the benefits you derive from dental insurance.

How does vision insurance work?

Vision insurance works a bit differently from dental insurance. It covers preventive eye care but also includes treatments like prescription eyeglasses and lenses. Unfortunately, coverage for serious non-elective eye care treatments like correction of an eye injury may be excluded from your vision insurance. Be sure to check what your vision insurance covers before receiving any treatment.

Buy dental and vision insurance today!

Caring for your eyes and dental should be a priority for everyone. If you neglect your eye and dental care, it’s only a matter of time before you start experiencing challenges on your overall health. If you are in Ruidoso, NM, please contact Family Insurance Associates for a dental and vision insurance plan.

Life insurance is a contract between an insurance company and policyholder that gives your dependents financial protection in the event of your death. Whether or not you need life insurance depends on certain factors and your personal life circumstances. Take a look at the list below to figure out if you are someone who will benefit from life insurance:

Who Needs Life Insurance?

Here are the categories of people who should get life insurance:

• Parents. If you have children, you will definitely benefit from life insurance because it covers everyday expenses related to raising a child, as well as saves money for college tuition fees and milestones in the future of your child. 
• Empty nesters. Even if your kids have grown up and started their own lives, it does not mean that you should cancel your life insurance policy. The policy will help you create a legacy of money you can pass on to your heirs, including your children and grandchildren. 
• Singles without kids. Even if you are single and do not have kids, it is still not a reason to skip life insurance. You still may have people who depend on you financially. Moreover, your life insurance will help cover funeral costs that can be very high. 

Family Insurance Associates in Ruidoso, NM – Our Mission Is To Protect You

If you live in Ruidoso, NM or any other nearby area, purchasing life insurance is a good idea, especially if you belong to one of the three categories described in the article. Family Insurance Associates is an insurance company specializing in insurance, including life insurance as well. If you have any questions, you can always give us a call for more information.