NJ MORTGAGE PROTECTION WITH TERM LIFE INSURANCE

 

Lyndhurst NJ Mortgage Protection Insurance

 

There Are Various Kinds of Life Insurance

Life insurance is available to NJ individuals, families and businesses in various forms. A very good choice for homeowners with a mortgage is Term Life Insurance in the form of Mortgage Protection Insurance. This type of Term Life Insurance helps protect your home if an unexpected financial hardship should occur. It could be because of death in the family, serious injury or illness, or temporary loss of income. Bogle Agency Insurance offers Mortgage Protection Insurance with Term Life Insurance to NJ families with a mortgage.

An alternative way to protect your mortgage is with Mortgage Life Insurance. There is a difference between this and Mortgage Protection Insurance. With Mortgage Life Insurance, if you pass away the mortgage lender receives the balance of your mortgage and your survivors don’t get anything. With Mortgage Protection Insurance the beneficiary of the policy is someone you choose and they receive the proceeds which they can use in any way they wish.

How Can Mortgage Protection Insurance Help Me?

Mortgage Protection Insurance can help you in the following ways:

  • Your mortgage can be paid off in the event of death.
  • Your monthly mortgage payments can be made during a family crisis such as disability or temporary loss of income.
  • Proceeds are tax-free to the beneficiary and can be used in any way they like.

 

Guidance Is Helpful With Mortgage Protection Insurance

Bogle Agency Insurance has helped thousands of NJ individuals, families and businesses with insurance since 1919. We have been offering sound insurance advice for over 100 years. Call today and speak with one of our knowledgeable agents about Mortgage Protection Insurance. The peace of mind knowing your family’s home is protected is priceless. We can be reached at (201) 939-1076.

Bogle Agency Insurance provides help with insurance of any kind. We offer Homeowners Insurance, Automobile Insurance, Health Insurance, various forms of Life Insurance, Business Insurance and much more.

Understanding Umbrella Insurance: What It Is and Who Needs It

When it comes to protecting your assets and finances, having adequate insurance coverage is essential. While most people are familiar with auto, home, and health insurance policies, there’s another type of insurance that’s often overlooked – umbrella insurance. Let’s have a look at what umbrella insurance is, who needs it, and why it’s important to consider.

Understanding Umbrella Insurance by Bogle Agency InsuranceUnderstanding Umbrella Insurance … Or Better Yet, What is Umbrella Insurance?

Umbrella insurance is a type of liability insurance that provides additional coverage beyond the limits of your existing insurance policies. It’s designed to protect you from financial losses in the event of a major lawsuit or catastrophic event where your other insurance policies may not provide enough coverage.

For example, let’s say you’re involved in a car accident and you’re found at fault. Your auto insurance policy may cover up to $500,000 in damages, but the other party sues you for $1 million. Without umbrella insurance, you’d be responsible for the remaining $500,000 out of pocket. But with umbrella insurance, you can have additional coverage of $1 million or more to cover the remaining costs.

Who Needs Umbrella Insurance?

While umbrella insurance isn’t required by law, it’s a smart investment for anyone who wants to protect their assets and financial future. Here are some situations where umbrella insurance may be particularly beneficial:

  • You have a high net worth: If you have significant assets, such as a large home, multiple vehicles, or investment properties, you may be at a higher risk of being sued for a large amount of money. Umbrella insurance can help protect your assets in the event of a lawsuit that exceeds the limits of your other insurance policies.
  • You have teenage drivers: Teenagers are more likely to be involved in accidents, which can result in higher insurance claims. Umbrella insurance can provide additional coverage in case of a serious accident that exceeds the limits of your auto insurance policy.
  • You have a high-risk profession: Some professions, such as doctors, lawyers, and business owners, may be at a higher risk of being sued for malpractice or negligence. Umbrella insurance can provide additional coverage beyond your professional liability insurance policy.

Why is Umbrella Insurance Important?

Umbrella insurance provides an additional layer of protection that can help safeguard your assets and financial future. Without umbrella insurance, you may be at risk of losing your home, savings, or other valuable assets in the event of a lawsuit. With umbrella insurance, you can have peace of mind knowing that you’re protected from financial losses that exceed the limits of your other insurance policies.

In addition, umbrella insurance is typically very affordable, with coverage starting at around $200 per year for $1 million in coverage. This makes it a cost-effective way to protect yourself and your family from potential financial devastation. If you’re unsure whether umbrella insurance is right for you, we can help you evaluate your needs and find the right coverage for your situation.

NJ HEALTH INSURANCE ADVICE

 

Health Insurance PlansLyndhurst Bergen County NJ - Health Insurance Options

When buying Health Insurance your goal should always be to find the best coverage for the most affordable price. Bogle Agency Insurance agents guide individuals, families and businesses in Bergen County, NJ, Morris County, NJ and the surrounding area of NJ to discover the right Health insurance plan for their needs. Whether you are looking for an Individual Health Plan, a Family Health Plan or a Group Business Health Plan we are able to help. We are the top local insurance resource and will find the best coverage that fits your requirements and your budget. Allow us to offer some NJ Health Insurance advice.

 

When Should Health Insurance Be Purchased?

If you are currently enrolled in a Health Insurance plan, look for a plan before that one expires. Open enrollment time is when to start researching the availability of a plan that offers the coverage you need at a price you can afford. If you are seeing a doctor you like, it is important to make sure the plan you choose lists your doctor. Plans are not all the same and they don’t all include the same doctors. Even if you have Health Insurance and are happy with the plan, be aware of your options to ensure that you will continue to be covered at a price you like.

You don’t have to get your Health Insurance through the Affordable Care Marketplace, but you do need to get insurance that meets the standard set by the Affordable Care Act. Stay up to date on the standards that dictate Health Insurance in NJ now.

 

Can I Buy Health Insurance On My Own?

When buying Health Insurance, or any type of insurance, seeking professional help is always a wise choice. Buying Health Insurance can be confusing and plans keep changing. The one thing you do know is that you want the best coverage for the best price. Bogle Agency Insurance is here to educate you on what you need to know about New Jersey Health Insurance options. Our agents have the experience and the knowledge to assess your needs and offer the best insurance plan for you. Whether you are in the market for a new Health Insurance Plan or want to renew what you already have, call Bogle Agency Insurance in Lyndhurst NJ for a consultation. We can be reached at (201) 939-1076.

The Many Uses of Life Insurance

The Many Uses Of Life Insurance by Bogle Agency Insurance Lyndhurst in Begen County NJWhat Are The Many Uses Of Life Insurance?

Life insurance is a valuable investment that provides your loved ones with financial security and peace of mind. Most people think of life insurance as a way to provide for their family in the event of their untimely death. However, life insurance can be used in a variety of ways beyond just protecting your family’s future.

Paying Off Debts, Using Life Insurance

One of the most common uses for life insurance is to pay off outstanding debts. If you have any loans, a mortgage, or credit card balances that you haven’t paid off yet, your life insurance policy can be used to cover those expenses. This can be especially helpful if you have a high amount of debt, as it can prevent your loved ones from being burdened with these financial obligations.

Mortgage Protection Insurance is a form of life insurance that can help to protect your home and loved ones when an unexpected economic hardship happens.

Paying for Your Children’s Education, Using Life Insurance

Another important use of life insurance is to help pay for your children’s education. If you have young children, you may want to ensure that they have the financial resources to attend college or pursue other higher education opportunities. Life insurance can help provide the funds necessary to cover these expenses.

Supplementing Your Retirement Income, Using Life Insurance

Life insurance can also be used to supplement your retirement income. Many types of life insurance policies, such as permanent life insurance, accumulate cash value over time. This cash value can be accessed through policy loans or withdrawals, providing you with additional income during your retirement years.

Additionally, some types of life insurance policies allow for the option to receive a portion of the death benefit as a living benefit if you are diagnosed with a terminal illness or chronic condition. This can provide additional financial support during a difficult time and may help you avoid depleting your retirement savings.

Providing Business Continuity, Using Life Insurance

If you own a business, life insurance can be an important tool for providing business continuity in the event of your passing. For example, if you are a sole proprietor, your death could leave your business without a leader or income generator. Life insurance can provide the funds necessary to hire a replacement or cover ongoing expenses while the business is restructured or sold.

Similarly, if you have business partners, life insurance can be used to fund a buy-sell agreement. This agreement would ensure that your share of the business is sold to your partners or heirs at a fair price, providing them with the funds necessary to continue operating the business without you.

Estate Planning

Life insurance can also play an important role in estate planning. If you have significant assets or property, you may be concerned about the tax implications for your heirs upon your passing. Life insurance can provide the funds necessary to cover estate taxes and other expenses, ensuring that your loved ones receive as much of your estate as possible.

Additionally, life insurance can be used to provide an inheritance for your heirs. This can be particularly useful if you have assets that are difficult to divide, such as a family business or real estate.

Creating A Charitable Legacy

Another way you can use your life insurance policy is to create a charitable legacy. If you have a cause that you’re passionate about, you can name a charity as the beneficiary of your life insurance policy. This will ensure that your legacy lives on and that your contributions to the cause continue even after you’re gone.

Final Expense

Finally, your life insurance policy can be used to cover your final expenses. This can include funeral costs, medical bills, and other end-of-life expenses. By planning ahead and purchasing a life insurance policy, you can help ensure that your loved ones aren’t burdened with these costs during an already difficult time.

Life insurance is a versatile financial tool that can be used in a variety of ways. Whether you’re looking to protect your loved ones, pay off debts, or make a charitable contribution, a life insurance policy can provide the financial support you need.

By working with us, we can help you find a policy that meets your unique needs and provides peace of mind for you and your loved ones.

For further information about Life Insurance contact Bogle Agency Insurance click here or give our office a call at (201) 939-1076.

Insuring Valuables With Chubb Masterpiece In NJ

 

 

Lyndhurst NJ Chubb Masterpiece Valuables Insurance

 

 

 

 

 

 

Offering The Best Coverage For Your Valuable Possessions

 

Bogle Agency Insurance is proud to offer individuals and families in Bergen, Morris and all NJ Counties the best insurance protection for their valuable possessions. Whether your valuable things are jewelry, artwork, furniture or rare books, we offer Chubb Masterpiece Valuables Insurance for the best coverage. Valuables can be described as those things that have worth above the ordinary. Most Homeowners Insurance will only cover these items to a limited degree. That’s where Chubb Masterpiece Valuables Insurance comes in and provides greater protection. Insuring your valuables with Chubb Masterpiece in NJ provides you with the assurance that they are protected to the highest standard.

 

Rapid Response, Efficiency and Expertise

 

Chubb addresses claims quickly and efficiently, offering relief to clients. They provide specialists with training and knowledge of specialized items such as fine art or jewelry. Tips on future prevention of losses are also offered. Bogle Agency Insurance focuses on providing the best insurance that gives you the quickest response time processing a claim. These are the reasons we think you should be insuring high-value assets with Chubb Masterpiece Valuables Insurance in NJ.

 

Protecting Your Valuable Assets Is Our Goal

 

Bogle Agency Insurance has been at the forefront of providing insurance coverage to people in NJ for over 100 years. For protecting treasured valuable possessions we offer Chubb Masterpiece Valuables Insurance because it’s the best. For higher level protection of your valued treasures give Bogle a call at (201) 939-1076 for a consultation with one of our experienced agents.

Debunking Myths for Life Insurance Awareness Month

Myths For Life InsuranceMyths For Life Insurance | Bogle Agency NJ Lyndhurst Bergen County NJ


Life Insurance Awareness Month provides an opportunity to shed light on a topic that often carries misconceptions. Many people are unsure about life insurance and may believe myths that prevent them from securing their financial future. Here are the common myths for life insurance: 

Myth 1: Life Insurance is Only for Older People 

Fact: Life insurance knows no age limit. While it’s true that older individuals often consider life insurance to cover final expenses or leave an inheritance, it’s equally important for young adults and parents. Younger policyholders use life insurance to safeguard their loved ones from financial hardship in case of an untimely tragedy. For parents, life insurance can be a lifeline, ensuring that their children’s education and future remain secure even if they are no longer there to provide for them.

Myth 2: Life Insurance is Too Expensive 

Fact: Life insurance comes in various forms, and affordability is achievable. Term life insurance, for instance, offers coverage for a specified period at a lower cost than permanent policies. Additionally, premiums can be tailored to your budget and needs. The truth is, putting off life insurance can lead to higher costs as premiums typically increase with age. Starting early often means more affordable rates.

Myth 3: I Don’t Need Life Insurance Because I’m Healthy 

Fact: While good health can indeed lead to more affordable life insurance premiums, it’s crucial to remember that life is unpredictable. Being healthy today doesn’t guarantee the same level of health in the future. Life insurance isn’t just about your current well-being; it’s an investment in your family’s future financial security. By securing life insurance while you’re in good health, you not only benefit from lower premiums but also ensure your loved ones’ protection, even if your health circumstances change over time. It’s a wise step toward long-term financial planning and peace of mind.

Myth 4: Life Insurance is Only for Breadwinners 

Fact: Life insurance is not limited to primary breadwinners.  Anyone contributing to their family’s financial stability can benefit from life insurance. If a stay-at-home parent, for example, were to pass away, their policy could cover childcare costs, household duties, and more. Life insurance can be customized to suit various family dynamics and financial responsibilities.

Myth 5: My Employer’s Life Insurance is Enough 

Fact: Employer-provided life insurance is a valuable benefit, but it likely does not provide sufficient coverage. It often ends when you leave your job, leaving you without protection. 

Having an individual life insurance policy ensures continuous coverage, regardless of your employment status. It’s a wise move to have both employer-provided and individual life insurance to cover all your bases.

You can purchase Mortgage Protection Insurance for when the unexpected happens (death, disability, or involuntary unemployment). Click here to find out more about Mortgage Protection Insurance.

Clearing up these misconceptions about life insurance is essential to recognize its significance. Regardless of age, health, or job status, life insurance is a versatile tool for securing your family’s financial future. It provides peace of mind, knowing that your loved ones will be taken care of, no matter what life throws your way. 

Affordable options are available, and with proper guidance, you can tailor your coverage to meet your unique needs and budget. Don’t let these myths deter you from ensuring your family’s financial security.

Our agents can help you to explore the life insurance options that align with your circumstances and provide the protection your loved ones deserve.

Workers Compensation Insurance For Business Owners

Workers Compensation Insurance | A Lifesaver for Employees Injured on Job

Workers Compensation Insurance Agency Broker NJ
Bogle Agency Insurance, serving insurance needs for business and individuals
Workers compensation insurance can be a lifesaver for employees injured on the job.  As its name suggests it covers compensation, or lost wages, while you are out of work due to sickness or injury. The important thing to understand is who and what is covered by workers compensation. Bogle Agency Insurance, based in Lyndhurst Bergen County, NJ, is the knowledgable and experienced workers compensation insurance agency your business may need!
First and foremost there are three basic facts to understand in terms of what it takes for workers comp to kick in.
  1. To be covered you must be an employee.
  2. Your employer must have a workers compensation policy in place; and
  3. The sickness or injury has to have occurred or originated while on the job.

 

Who Can Receive Workers Compensation?

Let’s take a look at number one, ‘What does it mean to be an employee’?  Does it count if you are a part-time employee or an independent contractor? The independent contractor is an easy answer, they are simply not an employee. Independent contractors may carry their own worker’s compensation policy, but when it comes to a workers compensation payout from the employer, an independent contractor is not an employee and therefore is NOT covered.
If you are a part-time employee you are covered by workers compensation AS LONG as the injury originated from an event at work. Getting hurt outside of the job does not entitle you to workers compensation benefits.

 

Are Businesses Required to Carry Workers Compensation Insurance?

Workers compensation insurance is a requirement for businesses that employ more than one person.  If you are working for a company that has a precarious work environment you should make sure that there is an active workers compensation policy in place.  When you put your health and safety on the line for an employer you want to make sure you are covered!

 

Bogle Agency Insurance offers Workers Compensation Insurance for Businesses

Bogle Agency Insurance is a Bergen County NJ-based Agency offering a full line of NJ insurance options for business and individuals. Let our team answer all of your insurance questions and ensure that you have the right coverage when needed. Let our knowledge and experience help serve as your guide to available New Jersey insurance policies while answering all of your worker’s compensation questions as well.

Life Insurance Investment

Is Life Insurance A Wise Investment?  | Bogle Agency Insurance


Life insurance is often portrayed as either a line of insurance you absolutely need or one you can do without. But it is much more complex than that! Life insurance can be an investment, for instance when it offers protection for your beneficiaries in life ending situations. The need for life insurance (or how much life insurance) greatly varies based on the individual’s needs. Bogle Agency Insurance is a great resource to have when deciding whether to invest in life insurance or not.

 

What Is Life Insurance?Is Life Insurance A Wise Investment in NJ?

Simply put, life insurance is protection against the financial hardship your dependents may face should you die unexpectedly. There are two main types of life insurance: Term Life Insurance and Whole Life Insurance. Term would be for a set period of time, say 20 years. This is policy offers protection for your family during the years they are most reliant on you. Whole life, as its name suggests, is good for your entire life. Both Term Life Insurance & Whole Life Insurance cover much more than just funeral costs. Life insurance can cover debts owed by the deceased, such as a mortgage balance, or it can be used to offset the loss of income after a loved one passes away.

 

Is Life Insurance An Investment?

Life insurance can be considered an investment as it provides financial security to your dependents or heirs in the event of your death. In many cases, this provides money that may not exist otherwise and ensures your family’s bills can still be paid. The amount of coverage, however, is up to you.

A benefit of whole life insurance policies is that in many cases a loan may be taken out using a policy as collateral. This loan is against the cash value of your policy and comes without penalty to purchase a home or pay for school. Some of these policies can also provide money before death if you are diagnosed with a life-threatening disease or illness. A whole life policy is absolutely an investment.

A term life policy has a set time limit. It is available as protection and is not an investment in the same way that a whole life policy is. A term policy offers protection but once the term expires that is it, the policy is over and the money you have paid over the years is not available. On the other side, if something happens to you during the term, your loved ones have financial security. Term Life Insurance is an investment you hope you never have to use, but it is available if something happens to you.

Is Life Insurance A Good Investment FOR ME?

Your Lyndhurst NJ insurance agent can help you answer this question. In the end, the answer is up to you. Ask yourself how financially prepared you are for the future. If you have been investing for the future and have a substantial amount money put away for your family, you may choose to skip life insurance. However, most families agree that any additional resources help after the death of an immediate family member.

Contact our team at Bogle Agency Insurance today to learn more about the New Jersey life insurance products we provide. Our experienced agents look forward to evaluating your family’s needs to ensure that you have the coverage you require for peace of mind. Let our knowledge and experience serve as your guide to life insurance in Lyndhurst NJ.

CHUBB MASTERPIECE AUTO PREFERENCE FOR NJ CAR OWNERS

 

 

Lyndhurst NJ - Chubb Masterpiece Auto Preference

 

Offering The Top Automobile Coverage

 

Bogle Agency Insurance of Lyndhurst NJ is offering outstanding automobile insurance to NJ car owners with Chubb Masterpiece Auto Preference. As cars become ever more technologically advanced and are built with lighter materials for fuel efficiency, and electric cars become more common, repairs are more complicated and more expensive. Bogle Agency Insurance is aware of all of this and offers premier automobile insurance with Chubb Masterpiece Auto Preference for NJ car owners.

 

Comprehensive Coverage Provided

 

Chubb’s Masterpiece coverage is for all vehicles, high-end to everyday family cars. They have a team of Auto Technical Specialists who make repairs in accordance with manufacturer specifications. When this is not feasible, you are covered for a total loss. Safety and a client’s satisfaction are always the focus and Chubb responds quickly and efficiently to claims. They always work to make the whole process easier so that an automobile owner is able to get back on the road as soon as possible. Bogle Agency Insurance proudly offers Chubb Masterpiece Automobile Insurance to NJ car owners.

 

Best Possible Coverage For NJ Automobile Owners

 

In offering Chubb’s Masterpiece Auto Preference to NJ car owners, Bogle Agency Insurance is confident we are providing the most complete coverage with a foremost carrier. For a consultation with one of our agents regarding automobile insurance, call us at (201) 939-1079.

Bogle provides insurance for all areas of your life. We offer Life Insurance, Homeowners Insurance, Health Insurance, and all types of Business Insurance coverage.

LOWERING THE COST OF HOMEOWNERS INSURANCE IN NJ

 

Lynhurst NJ - Lowering The Cost Of Homeowners Insurance In NJ

 

 

Risk Factors That Affect The Cost of Homeowners Insurance

 

There are certain risk factors that have an effect on your homeowners insurance premium. These characteristics make filing a claim more probable, and they range from the condition of your house to your financial standing. Lowering or eliminating these factors is important in the pursuit of lower premiums. Bogle Agency Insurance is constantly working to offer the best Homeowners Insurance policies to NJ homeowners, with top carriers, that are cost-effective and offer good protection.  We offer our experience and expertise in the interest of lowering the cost of Homeowners Insurance in NJ.

 

Common Factors Affecting Homeowners Insurance Premiums

 

1. Deductible – this is the amount of money you pay before the policy coverage takes over. Deductibles are meant to reduce negligence on the part of the insured in caring for their property. You should also be aware, a higher deductible means a lower premium.

2. Replacement Cost – This is the amount it would take to rebuild your house. Expensive additions and renovations might make the property more desirable, but they also make the cost to replace it higher. This means the insurance company would have to pay more in the event of a loss and so it will make your premium rise.

3. Condition of the House – The condition of the home you are insuring is a concern in Homeowners Insurance coverage. If there is damage to a part of the house, like a roof or foundation, insurance companies consider this when determining the premium amount. Any damage should be repaired in order the avoid costly claims in the future. Some companies may deny coverage if there is serious damage to the roof or foundation of a house.

4. Pets – Believe it or not, some pets can make Homeowners Insurance cost more. Certain dog breeds are considered more dangerous to the public than others. Although this may not apply to your dog, statistical analysis shows that it is a factor in insurance premiums.

5. Being Near a Fire Station – Another surprising factor that insurance companies take into consideration when determining premiums is travel time from the nearest fire station to your home. According to insurance industry records, fire claims make up a large part of property claims. The distance from a fire station to your house could make the difference between a total loss and only minor damage.

6. Credit History – In the interest of reducing fraudulent claims, your credit history is a factor in determining insurance rates. Payment history, current debt, etc, are all considerations in this regard.

 

Managing Risk Can Reduce Homeowners Insurance Premiums

 

Working to lower the risk of an insurance claim may help reduce your premium cost. Being aware of risk problems and trying to alleviate them can reduce Homeowners Insurance premiums over time.

Bogle Agency Insurance offers Homeowners Insurance to Bergen and Morris County NJ and nearby area families. We can help you become aware of the potential risks you might face that will make your Homeowners Insurance premiums go up. It is always our goal to offer the best insurance coverage for the most affordable price. NJ individuals and families looking for Homeowners Insurance should give us a call at (201) 939-1076 and talk to one of our experienced agents.