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Insurance 101 Overview

• Why you need insurance as part of your financial safety net. Finding some certainty in an uncertain world.

• What is risk management and how does it benefit you and your family? Insurance works to help you live without the worry of "what-if."

• What are the key factors that affect your insurance rates? Your choices can, in part, determine your premiums.

Insurance helps minimize the impact of potential risks involved with everyday living and unexpected losses making it possible for individuals and businesses to plan confidently for the future.

PURCHASE POWER
Insurance also serves as a basis for credit in our economy. For example, a bank will not make a loan unless they can recover their investment if disaster strikes. Insurance provides this protection and allows people to make major purchases.

Buying a car... starting a business... purchasing a home... welcoming a new addition to the family...

ECONOMIC GROWTH
The insurance industry helps our economy grow by providing funds for community investment. The premiums collected by insurance companies are used to pay out claims and support business expenses, but legally required cash reserves are invested in Federal, State and Municipal Bonds (to build schools, parks, etc.), commercial construction, housing developments, and stock market investments. These investments stimulate economic growth.

What enables you to pursue your dreams, plan for the future, and enjoy life?