If you were found at fault, you can be held responsible for costs associated with the accident. If you cause an auto accident that injures someone or damages their property, Oregon car insurance can help pay for the other person's losses and/or damages. Oregon Life Insurance Oregon Car Insurance Different from whole life, universal life policies are flexible and may allow you to increase or decrease your premium payments or coverage levels throughout your lifetime. Universal Life Insurance - Universal life insurance is a type of permanent life insurance also designed to provide lifetime coverage.Whole life is compared to owning - you build up equity over time. Whole life can accumulate a cash value, which may accumulate tax-deferred over time. Policy premium payments are typically fixed for the life of the policy. Whole Life Insurance - Whole life insurance is a type of permanent life insurance that offers lifetime coverage - not just for a period of time.Terms is likened to renting - you have it only as long as you pay and it is gone when you stop. With most term insurance polices, the premium payment amount does not increase for coverage period you select. Term Life Insurance - Term life insurance is designed to provide financial protection for a specific period of time, such as 10 or 20 years.Following are some of the most common types of life insurance: If no one would suffer financially if you passed, then you don't need life insurance. If anyone like your spouse, children or parents relies on your income, you should have Oregon life insurance. In exchange for your premium payments, the insurance company provides a one time payment, known as a death benefit, to beneficiaries upon the insured's death. It can also help continue a OR business.Ī OR life insurance policy is a contract with an insurance company. It can help pay final expenses and funeral costs and an use the money to help cover essential expenses, such as paying off a mortgage or college educations for children. Life Insurance: Life insurance offers income protection for someone who passed away.Auto insurance and Oregon commercial general liability insurance are good examples. Casualty Insurance: Casualty insurance covers the liability from the losses caused by injuries to persons and damage to property of others.Your home and its contents are most common. Property Insurance: Property insurance covers Oregon owned property against theft, damage and/or destruction caused by a covered peril.Oregon lines insurance can be broken down into three main categories: Oregon insurance helps protect individuals, families & businesses from potential losses they couldn't afford to pay out of pocket and makes it possible to legally drive a car and get a mortgage to own a home without risking financial destruction (like if your house burnt down). This way, at least you will be aware of the coverages that might be helpful in protecting your income and assets. While you might only be looking for home or car insurance, it's important to understand what other types of Oregon insurance coverages are available. In the end, it's you who has to make the final decision on the type of Oregon insurance that will best meet your needs. It is your agent's job to find and present you with quotes that fit your lifestyle and budget. When shopping for Oregon insurance for your autos, home, business, belongings and life, it's important to understand the risks you and your family face and discuss them with your agent. Looking for Oregon insurance? EK Insurance makes it easy to get a OR insurance quote for your auto, home, business, motorcyle, boat, ATV, jewelry, valuables & more.
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