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.

INSURING YOUR ONLINE PRESENCE IN NJ

 

 

Lyndhurst NJ - Cyber Crime Insurance with Chubb

 

 

 

Cyber Protection With Chubb

 

Along with insurance protecting your home, family and assets, you should also protect your online activity against cyber crime. Bogle Agency Insurance offers Chubb Masterpiece Cyber Protection to Bergen and Morris County residents. This is exceptional insurance protection for your digital activity. Bogle agents are always ready to talk to clients in NJ about insuring their online presence via Cyber Protection with Chubb.

 

Cyber Crime Has Become A Global Threat

 

Masterpiece Cyber Protection Insurance with Chubb protects you against the peril of releasing your personal information. It also protects you from the loss of financial security, loss of identity, and relieves the emotional stress that is the result of these concerns. Restoring financial and identity loss can be a long and painful process. This cyber protection with Chubb offers the peace of mind that exceptional insurance coverage provides.  Insuring your online presence in NJ is available through Bogle Agency Insurance.

 

Cyber Crime Insurance Offered By Experts

 

Bogle Agency Insurance offers Chubb Masterpiece Cyber Protection Insurance because we think cyber crime coverage should be a priority. As you and your family become more and more dependent upon the use of a computer for banking, commuication, shopping and entertainment, the more you need protection from cyber crime. If you agree that online security is a necessity, give us a call in Lyndhurst NJ at (201) 939-1076 to speak with one of our experienced and knowledgeable agents about cyber protection insurance.

BUNDLING INSURANCE COVERAGE TO SAVE MONEY

 

Lyndhurst NJ Bundling Insurance Coverage To Save Money Advice

 

 

 

 

 

 

 

Does Bundling Insurance Actually Save You Money?

 

As regularly advertised on TV, bundling insurance coverages can save you money. But it isn’t always the best option. If you are considering combining coverages you should discuss it with an insurance professional. Bogle Agency Insurance offers NJ residents our many years of knowledge and experience regarding insurance protection. Our goal is always to provide you with the best coverage at the most affordable price. Bundling insurance coverage to save money isn’t always the best choice!

 

There Can Be Pitfalls To Bundling

 

Regarding insurance, the best coverage should always be a priority. Coverage and price don’t always correspond. Lower prices for insurance can often mean lower coverage. Combining insurance coverage, or “bundling”, shouldn’t lower the coverage. An insurance professional such as a Bogle Agency Insurance agent can help. We will ensure that your bundled insurance saves you money but provides adequate protection. Sometimes looking at separate policies will save money over combining coverages.  Bundling insurance coverage to save money doesn’t always make sense.

 

Always Seek Expert Advice

 

The knowledgeable and experienced agents at Bogle Agency Insurance can inform you about insurance options for your home or business. We aim to provide NJ clients with insurance that makes sense financially and practically. Allow us to help you choose the best insurance coverage for your needs, whether considering bundling or not. Give us a call at (201) 939-1076 and speak to an agent. Bundling doesn’t always save money.

NJ RECREATIONAL MARINE INSURANCE WITH CHUBB

 

Lyndhurst NJ - Chubb Masterpiece Recreational Marine Insurance

 

 

Great Protection When Boating

 

Bogle Agency Insurance offers Chubb Masterpiece Recreational Marine Insurance to our NJ clients who own boats. Owning a boat not only provides endless hours of pleasurable recreation on the water, but also comes with great responsibility. Protecting your boating experience and keeping it stress-free is our goal. We feel Masterpiece Recreational Marine Insurance with Chubb is the best coverage for NJ boat owners.

 

Protection For Your Boat And For Your Family

 

Masterpiece Coverage offers repairs or replacement of your watercraft and everything on board. If anyone is injured in an accident while boating, there is coverage for medical expenses. If personal possessions are lost or damaged, replacement is provided.

Coverage with this insurance is complete, not partial or patchwork. Boat owners will benefit from a focus on prevention and protection. Chubb has watercraft specialists who know how to deal with damaged boats, and the problems facing boat owners after an accident or other issues.

 

Rely On Our Professional Expertise Regarding Insurance Coverage

 

Bogle Agency Insurance always offers the best insurance coverage for the best price. Our clients benefit from our longtime experience in the needs of those seeking insurance. For excellent Marine Insurance with Chubb, or any other type of insurance, give us a call and set up an appointment with one of our knowledgeable agents. We can be reached at (201) 939-1076

WORKERS COMPENSATION INSURANCE FOR NJ WORKERS

 

 

Lyndhurst NJ Workers Compensation Insurance Services

 

Who Is Covered By Workers Compensation Insurance?

 

As its name indicates, workers or employees are protected by Workers Compensation Insurance. Employers are obligated to have this insurance in place, but you should be aware that it only covers a worker who becomes ill or injured while on the job. Just being employed does not mean you are covered, the compensation is only available to you if you are injured or become ill while you are at work. If illness or injury occur while you are off the clock, you are not covered.

If you take a job in a dangerous environment, be sure the employer has Workers Compensation Insurance in place. Generally speaking, all part and full-time workers are covered by Workers Compensation Insurance. Workers Compensation coverage provides recovery of lost wages when you are unable to work due to an injury or illness that occurred while you were at work. If you are an independent contractor working for yourself, you have to purchase your own personal Workers Compensation Insurance. Bogle Agency Insurance is an experienced and reliable insurance resource that has been helping individuals and businesses with proper insurance protections needed in NJ for many years.

 

Businesses Must Have Workers Compensation Insurance

 

Any business that employs more than one person has to have Workers Compensation Insurance in place. If you are self-employed you have to purchase Workers Compensation Insurance on your own. To repeat what was previously discussed, you must become ill or injured while at work for this coverage to protect you.

 

Here To Help You With Workers Compensation Insurance

 

Bogle Agency Insurance provides a full array of insurance options for NJ business owners. Our focus is to guide you and make sure you have the proper insurance coverages to operate a business in NJ. If you are an employee, our experienced and knowledgeable agents are available to answer all your questions regarding Workers Compensation Insurance as well as all other types of insurance. Working with a professional assures that you have a safe and well informed workplace experience. If you have questions about Workers Compensation Insurance as an employer or as an employee, give us a call at (201) 939-1076 to speak with a qualified insurance professional.

HOMEOWNERS INSURANCE WITH CHUBB MASTERPIECE COVERAGE

 

Lyndhurst NJ Chubb Masterpiece Homeowners Insurance

 

 

 

Top Homeowners Insurance Coverage

 

Bogle Agency Insurance of Lyndhurst NJ, offers Chubb Masterpiece Homeowners Insurance to NJ residents who own homes. Chubb is one of the leading insurance carriers in America. In the interest of serving our clients’ needs, we offer the best coverage. Chubb Masterpiece Homeowners Insurance is a top quality product that we offer to Bergen and Morris County NJ homeowners to protect their most expensive asset, their home.  You and your family deserve Homeowners Insurance with Chubb Masterpiece coverage.

 

Substantial Coverage and Great Service

 

A Chubb Masterpiece Homeowners Policy provides not only great protection but also outstanding service. Chubb is quick to send an adjuster to assess damage if you should suffer a loss. This allows them to get to work processing the claim with speed. Chubb offers a variety of ways in which they provide top coverage. In addition to the protection a Chubb policy offers, they also strive to educate you on ways to prevent future losses.   

 

Top Insurance Coverage For The Best Price

 

Bogle Agency Insurance is offering Chubb Masterpiece Homeowners Insurance because we feel it is excellent protection for a fair price. First-time home buyers and those who have owned many homes should avail themselves of the coverage provided by Chubb. If you are looking for Homeowners Insurance, we recommend calling us for a consultation. Our experienced and knowledgeable agents can be reached at (201) 939-1076.