When the chilly temperatures of winter set in, will your vehicle be ready for the cold?

The snow and ice are here, are you prepared to drive in these conditions? Planning and preventative maintenance are important year-round—but especially when it comes to winter driving.

Before You Go

Get Your Car Serviced

No one wants their car to break down in any season, but especially not in cold or snowy winter weather. Start the season off right by ensuring your vehicle is in optimal condition.

• Visit your mechanic for a tune-up and other routine maintenance.
• Have your vehicle checked thoroughly for leaks, badly worn hoses, or other needed parts, repairs, and replacements.

Know Your Car

Every vehicle handles differently; this is particularly true when driving on wet, icy, or snowy roads. Take time now to learn how your vehicle handles under winter weather driving conditions.

• Before driving your vehicle, clean snow, ice or dirt from the windows, the forward sensors, headlights, tail lights, backup camera and other sensors around the vehicle.
• When your area gets snow, practice driving on snow-covered or icy roads— but not on a main road. Sharpen your winter weather driving skills and know how your vehicle handles in snowy conditions by practicing in an empty parking lot. See your vehicle’s manual to familiarize yourself with the features on your vehicle—such as antilock brakes and electronic stability control—and how the features perform in slippery conditions. For example, your vehicle or pedals may pulsate when controlling traction.
• For electric and hybrid-electric vehicles, minimize the drain on the battery. If the vehicle has a thermal heating pack for the battery, plug your vehicle in whenever it’s not in use. Pre-heat the passenger compartment before you unplug your vehicle in the morning.
• When renting a car, become familiar with the vehicle before driving it off the lot. Know the location of the hazard lights switch in case of emergency, and review the owner’s manual so that you’re prepared for any driving situation that may arise.

Go Over Your Vehicle Safety Checklist

Battery

When the temperature drops, so does battery power. For gasoline and diesel engines, it takes more battery power to start your vehicle in cold weather. For electric and hybrid-electric vehicles, the driving range is reduced when the battery is cold, and battery systems work better after they warm up. Make sure your battery is up to the challenges of winter.

• Have your mechanic check your battery for sufficient voltage, amperage and reserve capacity.
• Have the charging system and belts inspected.
• Replace the battery or make necessary system repairs, including simple things like tightening the battery cable connections.
• Keep gasoline in a hybrid-electric vehicle, to support the gasoline engine.

Lights

See and be seen! Make sure all the lights on your vehicle are in working order. Check your headlights, brake lights, turn signals, emergency flashers, and interior lights. Towing a trailer? Be sure to also check your trailer brake lights and turn signals. Trailer light connection failure is a common problem and a serious safety hazard.

Cooling System

• Make sure the cooling system is in proper working order.
• Make sure you have enough coolant in your vehicle and the coolant meets the manufacturer’s specifications. See your vehicle owner’s manual for specific recommendations on coolant.
• Thoroughly check the cooling system for leaks or have your mechanic do it for you.
• Have the coolant tested for proper mix, proper pH (acidity) and strength of the built-in corrosion inhibitors. Over time, the rust inhibitors in antifreeze break down and become ineffective.
• Drain and replace the coolant in your vehicle as recommended by the manufacturer, to remove dirt and rust particles that can clog the cooling system and cause it to fail.

Windshield

Washer Reservoir

You can go through a lot of windshield wiper fluid fairly quickly in a single snowstorm, so be prepared for whatever might come your way.

• Completely fill your vehicle’s reservoir before the first snow hits.
• Use high-quality “winter” fluid with de-icer and keep extra in your vehicle.

Wipers and Defrosters

Safe winter driving depends on achieving and maintaining the best visibility possible.

• Make sure your windshield wipers work; replace worn blades.
• Consider installing heavy-duty winter wipers if you live in an area that gets a lot of snow and ice.
• Check to see that your front and rear window defrosters work properly.

Tires

• If you plan to use snow tires, have them installed in the fall so you are prepared before it snows. Check out www.nhtsa.gov/tires for tire ratings before buying new ones and look for winter tires with the snowflake symbol.
• Regardless of season, inspect your tires at least once a month and before long road trips. It only takes about five minutes. If you find yourself driving under less-than-optimal road conditions this winter, you’ll be glad you took the time. Don’t forget to check your spare tire.
• As the outside temperature drops, so does tire inflation pressure. Make sure each tire is filled to the vehicle manufacturer’s recommended inflation pressure, which is listed in your owner’s manual and on a placard located on the driver’s side door frame. The correct pressure is NOT the number listed on the tire. Be sure to check tires when they are cold, which means the car hasn’t been driven for at least three hours.
• Look closely at your tread and replace tires that have uneven wear or insufficient tread. Tread should be at least 2/32 of an inch or greater on all tires.
• Check the age of each tire. Some vehicle manufacturers recommend that tires be replaced every six years regardless of use, but check your owner’s manual to find out.

Stock Your Vehicle

Carry items in your vehicle to handle common winter driving-related tasks, such as cleaning off your windshield, as well as any supplies you might need in an emergency. Keep the following in your vehicle:

• Snow shovel, broom, and ice scraper.
• Abrasive material such as sand or kitty litter, in case your vehicle gets stuck in the snow.
• Jumper cables, flashlight, and warning devices such as flares and emergency markers.
• Blankets for protection from the cold.
• A cell phone with charger, water, food, and any necessary medicine (for longer trips or when driving in lightly populated areas).

Plan Your Travel and Route

Keep yourself and others safe by planning ahead before you venture out into bad weather.

• Check the weather, road conditions, and traffic.
• Don’t rush; allow plenty of time to get to your destination safely. Plan to leave early if necessary.
• Familiarize yourself with directions and maps before you go, even if you use a GPS system, and let others know your route and anticipated arrival time.

On the Road

Stay Alert

• Keep your gas tank close to full, even with a hybrid-electric vehicle. If you get stuck in a traffic jam or in snow, you might need more fuel than you anticipated to get home or to keep warm.
• If road conditions are hazardous, avoid driving if possible. Wait until road and weather conditions improve before venturing out in your vehicle.
• On longer trips, plan enough time to stop to stretch, get something to eat, return calls or text messages, and change drivers or rest if you feel drowsy.

Driving in Winter Conditions

• Drive slowly. It’s harder to control or stop your vehicle on a slick or snow-covered surface. On the road, increase your following distance enough so that you’ll have plenty of time to stop for vehicles ahead of you.
• Know whether your vehicle has an antilock brake system and learn how to use it properly. Antilock brake systems prevent your wheels from locking up during braking. If you have antilock brakes, apply firm, continuous pressure to the brake pedal. If you don’t have antilock brakes, you may need to pump your brakes if you feel your wheels starting to lock up.

Navigating Around Snow Plows

• Don’t crowd a snow plow or travel beside it. Snow plows travel slowly, make wide turns, stop often, overlap lanes, and exit the road frequently.
• The road behind an active snow plow is safer to drive on. If you find yourself behind a snow plow, stay behind it or use caution when passing.
• When you are driving behind a snow plow, don’t follow or stop too closely. A snow plow operator’s field-of-vision is limited; if you can’t see the mirrors, the driver can’t see you. Also, materials used to de-ice the road could hit your vehicle.
• Snow plows can throw up a cloud of snow that can reduce your visibility to zero in less time than you can react. Never drive into a snow cloud – it can conceal vehicles or hazards.

In an Emergency

What to Do in a Winter Emergency

If you are stopped or stalled in wintry weather, follow these safety rules:

• Stay with your car and don’t overexert yourself.
• Put bright markers on the antenna or windows and keep the interior dome light turned on.
• To avoid asphyxiation from carbon monoxide poisoning, don’t run your car for long periods of time with the windows up or in an enclosed space. If you must run your vehicle, clear the exhaust pipe of any snow and run it only sporadically — just long enough to stay warm.

For more information on safe driving or on auto insurance, contact Lallis and Higgins Insurance.

nhtsa.gov

As a business owner, you strive to make decisions that are right for your business, your employees and yourself. This includes decisions about business insurance. You know you need excellent coverage. You don't, however, have time to become an expert in business insurance. That’s where Lallis & Higgins Insurance can help.

A Business Owners Policy (BOP) combines property, liability and business interruption coverage for small to medium-sized businesses. This packaged coverage is generally less expensive than when purchasing coverage separately. With a BOP you have the ability to customize the policy to meet your individual business needs.

Perhaps you need general liability coverage that includes operations. Or, you need to add business auto coverage or commercial property insurance. Whether you are a home-based business, small service provider or contractor, Lallis & Higgins Insurance will work with you to find the right combination of business insurance coverage to meet your specific needs. Contact us today!

Supplemental Coverage Available

• Extended liability for additional insureds.
• Debris removal, personal property.
• Tools and equipment.
• Valuable records protection and accounts receivable.

In addition to advising you on the right coverage, we provide additional services, such as:

• Loss Prevention Programs—with our insurance company partners, we can evaluate your business's current conditions and recommend ways to lower property, auto, workers compensation or liability losses. Lower losses will not only lower your insurance costs, but also increase your productivity by avoiding downtime.
• Quick Claim Response—when you do have a claim and need fast and fair service, we work with you to make that happen. That's why we only represent companies with excellent records for settling claims fairly and promptly.
• Competitive Rates—many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing.

To see if your business qualifies for one of these special programs, contact Lallis & Higgins Insurance for more information.

If you’re like most people, there are certain items you own that you can’t imagine ever losing—possessions you deeply cherish or those that would be impossible to replace due to the cost of re-purchasing them or simply because they’re irreplaceable. And, now that it is the holiday season, you want to keep those special gifts protected as well.

While your homeowners insurance is invaluable for covering the loss or destruction of many of your belongings (as well as damage to your home’s structure), your policy might provide only partial coverage for your most cherished items.

The good news is that you can still protect the things that matter to you most, even if they’re not fully covered under your homeowners, with a scheduled personal property endorsement that is tailored to meet your specific needs.

Not an easy name, but it can help you sleep better at night

A scheduled personal property endorsement is not something that everyone talks about, but we at Lallis and Higgins Insurance can help you determine if it would be a good fit for you. The first step begins with you. Look around your home and make a list of your cherished possessions. Be sure to consider the following:

• Jewelry
• Antiques
• Art
• Collections
• Musical instruments
• Silverware/China
• Autographed items
• Rare or one-of-a-kind items

Once you have taken an inventory, make the time to talk with us. We are always here to help you determine whether if your prized possessions need more coverage than your current policy provides.

Please keep in mind that it is wise to complete an inventory every year or so, because it’s easy to acquire new items over time that should be added to a scheduled personal property endorsement. It could be tragic to find yourself in a situation rendering you unable to replace what matters most to you.

Contact Us!

At Lallis and Higgins Insurance, we can work with you to make sure you've got the coverage you need, while at the same time using all possible credits and discounts to make that coverage affordable. Feel free to contact us. We want to help you meet your goals, and make sure what's important to you is protected!

Content provided by Safeco Insurance

During the winter in Massachusetts plumbers get a high number of calls from people needing their water lines fixed. As the cold weather settles in, many homeowners are worried about their heating costs rising and keeping their houses warm. Another cause for concern this time of year is frozen pipes.

Most of the plumbing problems this time of year are due to freezing pipes. Typically the frozen pipes are caused by open cracks in foundations, windows, and doors that leave pipes susceptible to the outside elements.

Make sure all windows are closed and that cracks are sealed. Any pipes that are within 10 to 12 inches to the outside walls should be insulated.

If you find yourself in the unfortunate situation where your pipe burst there are steps you need to take immediately in order to prevent a lot of damage in your home. First find the water meter, typically there is a main shut off valve there. Immediately shut that valve and then call your local plumber. Even just a minute of water running from a burst pipe can do thousands of dollars’ worth of damage to your home.

Also, to prevent frozen pipes, undo and turn off the water to your outside hoses and spickets. If you have an older home with a history of frozen pipes and the temperature is very cold, let some water slowly drip from your faucet overnight or while away. You can also keep the cabinet doors open underneath your sinks to let in the heat.

For more information on protecting your home, contact Lallis & Higgins Insurance in Weymouth, MA.

An insurance broker can save you time, money and worry. Just like an accountant or lawyer who provides you with professional advice, based on years of training and experience, a qualified broker can do the same with your insurance.

Insurance can be incredibly complicated to fully understand, and an insurance broker can help you understand the details of a policy and also work out what level of coverage you need so that you are properly protected.

Using an insurance broker doesn't cost more. Often it costs less because brokers have knowledge of the insurance market and the ability to negotiate competitive premiums on your behalf. In addition, because insurance brokers deal with a range of insurance companies directly, sometimes they can access policies that are not available to most consumers.

If the worst happens and you do have to make a claim, a broker will act on your behalf, liaising with the insurance company to negotiate the best possible outcome for the client. So whether it's home, car, life or business insurance, brokers are the best, most trusted source of advice available to make sure you are properly protected.

For more information or for a comparison quote, contact Lallis & Higgins Insurance.

NIBA

Egg Heads. Rest assure you have coverage in place to help repair any damage to your car and paint on the car due to an egg, or any other substance that may cause damage from a vandal. Comprehensive coverage will help you repair any damage done by goblins if you didn't realized in time you've fallen victim to a bad joke.

Flying Pumpkins! You can lean on comprehensive coverage if it's a decoration, or an actual pumpkin that strikes your car. This is covered whether it’s the wind or an actual trick-or-treater that causes the damage.

Raccoons, Deer, Bears, and Cats oh my! Animals get spooked with so many pirates, princesses and monster trick-or-treating - so if you happen to strike an animal while driving you can count on your comprehensive coverage to help your damaged car get repaired. Collision coverage would fall into place if you swerve out of the way of an animal and hit a car, tree or other structure.

Be safe, and have a happy Halloween!

Your home is the center of your daily life, and likely your most valuable asset. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Lallis & Higgins Insurance can help you find the homeowner’s insurance that will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.

Insurance for All Kinds of Homes

Depending on where you live – a house, apartment, or condominium – the right home insurance policy can provide you peace of mind as well as the money you need to repair or replace your home and/or belongings. Contact us for more information today!

What you need to know about homeowners insurance

Whether you own or rent, insuring the place you call home can help protect you financially if you suffer a loss due to fire, theft, vandalism, or other covered events. It will also cover you in the event someone is injured while on your property and wins a legal judgment against you.

Homeowners policies differ by which losses are covered, which coverages you choose, and what type of residence you own. You choose which policy is best for you, whether it’s a comprehensive policy that cover losses such as fire, hail, smoke, falling objects, vandalism and theft of personal property, or whether it’s a policy that covers only specified losses.

Lallis & Higgins Insurance is here to help you find the right insurance for your home

Whether you’re a home or condo owner, a renter, or a landlord, Lallis & Higgins Insurance will work with you to find a home insurance policy that fits your needs. We specialize in making it easy to choose the insurance coverage that gives you the best value for the best price.

Your home insurance policy is most often made up of the specific options you choose, so how much you'll pay for your policy depends on:

• What you select. Oftentimes homeowners insurance options are priced individually, so how much you'll pay for your policy depends on what coverages you buy.
• How much you want to cover. Higher deductibles usually lower your premium price by shifting part of the loss payment to you. For example, if you had a $500 deductible, you would be responsible for paying the first $500 of the covered loss.
• Where you set your limits. You may choose to set higher limits than the recommended amount if appropriate to your situation and needs.
  • Worried you aren’t completely covered? Consider an umbrella insurance policy that extends your coverage.

The Right Coverage. The Right Price. The Right Value

The amount you pay for your homeowners insurance depends on many factors. Think of your personal housing situation, and the assets you want to protect.

Protection for Your Home

Property or Dwelling Coverage typically pays to repair or rebuild your home if it’s damaged or destroyed by an insured event like a kitchen fire or windstorm.

Protection for You and Other People

Personal Liability Coverage applies if someone is injured or their property is damaged and you are to blame. The coverage generally applies anywhere in the world.

• When choosing your liability coverage limits, consider things like how much money you make and the assets you own. Your personal liability coverage should be high enough to protect your assets if you are sued.

Medical Coverage

This covers medical expenses for guests if they are injured on your property, and in certain cases covers people who are injured off of your property. It does not cover health care costs for you or other members of your household.

Additional Living Expenses

If you can’t live in your home because of a covered loss, your home insurance policy will pay additional living expenses—commonly for up to 24 months—while damage is assessed and your home is repaired or rebuilt.

Protection for Your Belongings

Your home is filled with furniture, clothes, electronics and other items that mean a lot to you. Personal Property Insurance helps replace these items if they are lost, stolen or destroyed as a result of a covered loss.

Scheduled Personal Property Coverage

If you have special possessions such as jewelry, art, antiques or collectibles you may want to talk to your agent about this additional coverage. It provides broader coverage for specific items.

If You Rent Out Your Home

Landlords may have the option to buy optional liability coverage for the risks posed by tenant-occupied dwellings. Visit our Landlord Protection Insurance page for more information.

Protect the Things that Matter to You

Make an inventory of your home and personal belongings. If possible, make a list as well as take photos or video – using two inventory methods can help expedite the claim resolution process. Keep this list somewhere other than your home. Keep in mind that your policy doesn’t cover damages caused by poor or deferred maintenance on your part.

Every home is unique – talk to us today to find out how to get the best price and value on homeowners insurance for you.

Condominium insurance is unique. Your condo insurance policy covers your personal property and liability, as well as any additions, alterations and improvements you make to your unit that are your responsibility based on the condo association agreement.

Optional loss assessment coverage is also available to protect you against certain assessments that may be levied by the association. You would be compensated for additional living expenses incurred should you need to vacate your condo after a covered loss. Let Lallis & Higgins Insurance help you find the right amount of coverage to suit your insurance needs. Contact us today.

Massachusetts– What you need to know about condo insurance

Condo insurance provides coverage for your personal property and much more. For a few more dollars, you can elect to carry Full Value Personal Property which ensures that you are reimbursed full replacement value without regard for depreciation after a covered loss.

If you have upgraded cabinets or put in hardwood floors, condo building item coverage protects these investments. Be sure to consult your HOA agreement to determine what the Association policy covers and what you are responsible for. If common areas are damaged, your condo association may levy assessments against all the owners to pay the deductible on their association policy.

Various limits of loss assessment coverage are available. Be sure to consult the HOA agreement to determine the potential for such assessments. Lallis & Higgins Insurance can help you determine your coverage needs to make sure you’re properly covered. Contact us.

Protect yourself and your guests

Your condo insurance policy protects you and your family members against bodily injury and property damage liability claims and any litigation that may result subject to the limits you select. In addition, you can select medical payments coverage which will pay for medical expenses incurred by a visitor who is injured at your residence regardless of fault. Various limits are available.

Extra coverage doesn’t have to cost a lot

Many people supplement their condo insurance coverage with personal umbrella liability insurance for broader protection. If you have special valuable items such as jewelry, art, antiques or collectibles, ask about our Valuable Articles option which provides broader coverage and no deductible in the event of a covered loss.

Find unique insurance that is right for your condo

Contact Lallis & Higgins Insurance to identify the best combination of coverage, value, and price for you. We can help make sure your condo insurance continually meets your needs. Contact us.

Equip your home with smoke alarms and other tools that can help you gain precious seconds in a fire.

Fire Safety Equipment:

Smoke Alarms

If you have a fire, smoke alarms can cut nearly in half your risk of dying in a fire. Smoke alarms sense abnormal amounts of smoke or invisible combustion gases in the air. They can detect both smoldering and flaming fires.

In new homes: The National Fire Alarm Code (NFPA 72) requires hard-wired, interconnected smoke alarms with battery back-up on every level of the home, outside each sleeping area, and inside each bedroom. Alarms must be wired together so that if one sounds, they all sound.

In existing homes: If smoke alarms are not already in place, at a minimum install them on every level of the home and outside each sleeping area. If a fire occurs inside a bedroom, dangerous gases can cause heavier sleep. For the best protection, install interconnected smoke alarms in each bedroom and throughout the home. When one sounds, they all sound.

To prevent nuisance alarms, vacuum cobwebs and dust from your smoke alarms monthly. Never disable a smoke alarm, even if you experience nuisance alarms while cooking or showering. Instead, use the alarm’s “hush” button. If nuisance alarms are a persistent problem, look for a different type of smoke alarm and ensure they are installed in correct areas in the home.

Use the test button to test your smoke alarms at least monthly. The test feature tests all electronic functions and is safer than testing with a controlled fire (matches, lighters, cigarettes).

If the manufacturer's instructions permit the use of an aerosol smoke product for testing the smoke alarm, choose one that has been examined and tested by a third-party product testing laboratory, and use it in accordance with the product instructions.

If you have battery-powered smoke alarms, replace the batteries at least once a year. Some agencies recommend that you replace batteries when the time changes from standard to daylight savings each spring and then back again in the fall. "Change your clock, change your batteries." Replacing batteries this often will not hurt, but fresh batteries typically last at least a year, so more frequent replacement is not necessary unless the smoke alarm begins to chirp.

If your local area does not observe daylight savings time, pick an easy-to-remember anniversary, such as your birthday or a national holiday, as the day to change the batteries each year.

Replace the batteries in your carbon monoxide (CO) alarms at the same time you replace your smoke alarm batteries.

Replace your smoke alarms every 10 years. This is the recommendation of the National Fire Protection Association and the U.S. Consumer Product Safety Commission. Smoke alarms become less sensitive over time.

Be sure to install smoke alarms in areas where pets are and in other buildings that house animals where humans can hear them.

Fire Extinguishers

Consider having one or more working fire extinguishers in your home. An extinguisher rated “A-B-C” is recommended for home use. Many fire extinguisher models are designed for one-time use and cannot be recharged.

Get training from the fire department or a fire extinguisher manufacturer. Fire extinguishers from various manufacturers operate in different ways and there is no time to read directions during an emergency. Only adults should handle and use extinguishers.

Install extinguishers high on the wall, near an exit, and away from heat sources. Extinguishers should be easily accessible to adults trained to use them, and kept away from children's curious hands. Heat may make the contents less effective or cause the extinguisher to lose its charge more quickly.

If you try to use a fire extinguisher on a fire and the fire does not immediately die down, drop the extinguisher and get out. Most portable extinguishers empty in 8 seconds.

Look at your fire extinguisher to ensure that it is properly charged. Fire extinguishers will not work properly if they are not properly charged. Use the gauge or test button to check that there is proper pressure. Follow the manufacturer's instructions for replacing or recharging fire extinguishers. If the unit is low on pressure, damaged, or corroded, replace it or have it professionally serviced.

Before you begin to fight a fire with a fire extinguisher, be sure that:

• Everyone has left or is leaving the home.
• The fire department has been called.
• The fire is small and not spreading.
• Your back is to an exit you can use quickly.
• There is not much smoke in the room.

Carbon Monoxide Alarms

Install carbon monoxide alarms to alert your family to this invisible, odorless, colorless gas before it’s too late. Carbon monoxide is created when fuels (such as gasoline, wood, coal, natural gas, propane, oil, and methane) burn incompletely. Even a small amount of carbon monoxide can poison or kill a person if it is breathed in over a long period of time – such as overnight while sleeping.

Install carbon monoxide alarms in central locations on every level of your home and outside sleeping areas.

If the carbon monoxide alarm sounds, move quickly to a fresh air location outdoors or by an open window or door.

Never use a generator, grill, camp stove or other gasoline, propane, natural gas or charcoal-burning devices inside a home, garage, basement, crawlspace or any partially enclosed area.

For more information, or for a review of your home owners insurance, contact Lallis & Higgins Insurance.

RedCross.org

As "Life Insurance Month" draws to a close, we thought we would answer a question that we get all the time: “Do I need Life Insurance?”

Life insurance can fill a wide variety of needs including covering the finite years of a mortgage and protecting the interests of a special-needs child who will need financial support after you’re gone.

In fact, although, 70% of Americans consider life insurance a necessity for themselves, 41% have no life insurance at all.

Here’s a guide to who needs life insurance and what kind of policy likely works best in each situation.

Breadwinner

Life insurance can provide “income replacement” so that your family can continue to pay everyday expenses.

Term life insurance can cover your working years.

Stay-at-home parent

Life insurance would cover the cost of paying for services the parent does for “free,” such as child care.

Term life can cover the years your kids are young.

Divorced parent

A policy could cover the support payments that a divorced parent makes.

Term life can cover the years of support payments.

Parent of a special-needs child

Life insurance can make sure the child will have financial support no matter when a parent dies.

Permanent life insurance provides a payout no matter when you die.

Homeowners with a mortgage

A policy can cover mortgage payments, so your family doesn’t have to move if you die.

Term life insurance can match the years of a mortgage.

Someone with co-signed debt (such as student loans or credit cards)

Life insurance could cover the cost of the debt.

Term life can be timed to end with the debt payments.

High net worth individual

Life insurance can provide funds for heirs to pay estate or inheritance taxes.

Permanent life insurance is best for those with estate tax concerns.

Someone who wants to provide an inheritance

If you don't have a lot of wealth, life insurance can provide a small inheritance to heirs.

Permanent life insurance will pay money for the inheritance, no matter when you die.

Business owner

Life insurance can pay off business debts if you die, help heirs to the business pay off estate taxes, or fund a buy-sell agreement that allows a business partner to buy out your share.

Term life or permanent life, depending on the issue to be solved.

Investor who has maxed out other retirement plans

Life insurance with a cash value component can provide a supplemental source of retirement savings.

Permanent life insurance, which builds cash value that you can access.

People concerned about paying for their own funerals.

Small life insurance policies can pay for your funeral and final expenses.

Permanent life, such as final expense insurance.

For more information on Life Insurance, contact Lallis & Higgins Insurance.

nerdwallet.com