Some people choose a term life insurance policy over a whole life policy. While whole life policies come with their own advantages, many people turn to term life because it fits into their lives better. Term life insurance generally works like a whole life – it gives the policyholder’s beneficiaries a death benefit when they pass. The details, however, are very different between these two types of policies. If you’re in the market for life insurance, give us a call at Family Insurance Associates in Ruidoso, NM.

The Term of Time

Term life insurance is named the way it is because it’s good for a specific term. The term of time is set when the policy starts. Generally, the policy is good for several years, such as 10, 20, or 25 years. Once this term passes, the policy will expire and no longer be in effect. When this occurs, the policyholder will have to get a new life insurance policy in order to get covered again. This can be a disadvantage to those who outlive the policy’s term. However, term life does come with a very important benefit. 

The Price of Term Life

A term life insurance policy doesn’t build up a cash value like whole life policies do. That means there’s no money there to borrow against if you should need it. However, term life remains popular because it comes with a much smaller price tag than whole life. This benefit makes it affordable for far more people than whole life policies. Many people who couldn’t afford whole life are able to get coverage with a term life policy. 

The Protection of Life Insurance

When your loved ones need to be financially protected, call us at Family Insurance Associates in Ruidoso, NM, to learn more about term life policies. 

In today’s digital era, particularly in the Ruidoso, NM area, Intellectual Property (IP) has emerged as a significant asset for businesses across various sectors. Whether it’s about patents, trademarks, trade secrets, or copyrights, safeguarding Intellectual Property is a key contributor to maintaining business competitiveness and fostering innovation. Commercial insurance can play a significant role in protecting your IP rights and mitigating the financial risks associated with IP infringement, theft, or litigation.

Mitigating Intellectual Property Infringement Risks

IP is a cornerstone in the business world and hence demands rigorous protection. Commercial insurance, particularly intellectual property liability insurance, serves as the first line of defense against risks that threaten IP assets. Such an insurance policy covers the legal expenses and damages that may come your way due to allegations of IP infringement, thereby helping your business fight off lawsuits and recover from financial losses.

Neutralizing Cyber Threats

The increasingly digital nature of businesses puts sensitive IP assets at risk of cyberattacks and data breaches. That’s where cyber liability insurance comes in. This coverage offers valuable assistance in recovering from cyber incidents, providing financial support for data restoration, forensic investigations, and the legal expenses related to IP theft or misuse.

Ensuring Business Continuity

Business interruption insurance plays a critical role in maintaining financial stability during IP-related disruptions. By covering the loss of income and expenses incurred during downtime caused by covered events, this insurance enables businesses to navigate the after-effects of IP incidents and ensure continued operations.

Adopting Proactive Risk Management

Commercial insurance providers also offer custom risk management services that help businesses proactively identify and mitigate IP risks. These may involve conducting IP audits and implementing stringent security measures, all aimed at protecting your business from potential threats and vulnerabilities.

Find the Best Protection for Your Business with Family Insurance Associates

Let Family Insurance Associates help you gain a comprehensive understanding of commercial insurance and how it serves to protect your IP rights. Serving the Ruidoso, NM region, we’re here to answer your insurance-related questions and help you secure the protection your business needs in today’s digital world. Get in touch with us today.

Nothing is more important than maintaining optimal health. Residents of Ruidoso understand the importance of having a clear smile and clear vision as integral parts of experiencing a good quality of life.

Since most major health insurance plans don’t offer comprehensive coverage for eyes and teeth, adding comprehensive dental and vision coverage is crucial for families pursuing holistic health and wellness. 

Make More Informed Decisions for Your Family’s Vision and Dental Health

Insurance professionals at Family Insurance Associates in Ruidoso can help you and your family make more informed decisions when choosing the best dental and vision insurance plans for your family’s needs. 

Today’s dental and vision insurance plans can include a wide range of affordable coverage options for preventative care like regular check-ups, tooth cleaning, vision and dental emergencies, and even dental x-rays.

Trusted insurance agents in Ruidoso can also answer questions for people who require more extensive coverage based on their unique eye and dental care needs. 

Typical Components of New Mexico Dental and Vision Insurance Plans

While the actual amounts and coverage limits you get will depend on individual factors, life preferences, and budget, most individual dental and vision insurance plans will offer policyholders at least some form of coverage for the following components. 

Dental Components

• Fillings
• Extractions 
• Root Canals

Vision Components

• Eye Exams
• Prescription Eye Glasses
• Contact Lenses
• LASIK

Don’t wait until you experience an unexpected vision or dental emergency before you get coverage! 

Talk to the licensed and knowledgeable insurance agents at Family Insurance Associates in Ruidoso, NM. Our friendly agents can offer you a free quote and teach you how to maximize your dental and vision insurance benefits. 

Contact an agent for your free quote today!

Your life insurance decisions can greatly impact your family’s finances. Consumers in Ruidoso, NM can purchase life insurance coverage from us at Family Insurance Associates. We help our customers to make life insurance decisions that ensure financial security in the future. 

Here are four common mistakes consumers sometimes make regarding life insurance. 

Waiting too long to purchase life insurance coverage

Buying life insurance is something that you should never put off. As you get older, purchasing life insurance may become more difficult. This is especially true if you end up suffering from a severe health problem. 

Buying life insurance now protects your family and gives you the peace of mind that you’re doing everything possible to secure your family financially. 

Choosing an inadequate amount of life insurance coverage

Your family may be entirely reliant on your life insurance for financial support if you pass away unexpectedly. This makes it essential for you to invest in adequate coverage. Carefully calculate the amount of financial support your beneficiaries will need without your income to determine how much coverage to buy. 

Failing to understand the various types of life insurance fully

You need to decide whether to purchase term, universal, whole, or another type of life insurance. It’s vital that you understand what the differences are between these various life insurance types to choose the right policy for your situation. 

Letting a life insurance policy lapse

Your life insurance policy can lapse if you miss a payment. It’s not always a simple matter to purchase a policy again after your policy has lapsed. That’s why you must ensure you keep up with all your premium payments. 

When you need life insurance in Ruidoso, NM, we’re here to help. Get in touch with us at Family Insurance Associates to get a quote on a life insurance policy. 

If you’re a business owner who is curious about whether you can file both a commercial and general insurance claim simultaneously, we’re here to help. At Family Insurance Associates, we’re here to help Ruidoso, NM residents with all of their insurance needs. 

What’s the Difference Between General Liability and Commercial Insurance?

Both general liability insurance and commercial insurance can work to protect your business. Typically, commercial insurance works to cover issues that are not covered by your general liability insurance. This means that it’s a good idea to have both policies in place to ensure that you and your business are protected in the event of an unexpected accident. 

Should You File a General Liability and Commercial Insurance Claim at the Same Time?

It’s essential to work closely with your insurance agent following a workplace accident to help you understand whether it makes sense to file a general liability claim or both a general liability and a commercial insurance claim. 

If you find that your general liability claim does not cover all of your expenses or does not cover the costs of the person affected by the accident, you’ll want to file a commercial insurance claim at the same time as your general liability claim. Your insurance agent may recommend that you wait to find out the payout from your general insurance claim before you file your commercial insurance claim, as your initial general claim may fully cover your expenses.

Family Insurance Associates: Serving Ruidoso, NM Residents

At Family Insurance Associates, we’re proud to serve Ruidoso, NM residents and business owners. Our team is here to meet all of your insurance needs. Reach out to us today or stop by to learn more.

Today, many people find insurance to be confusing and overwhelming. At Family Insurance Associates, we want to help the residents of Ruidoso, NM, and the surrounding areas, make intelligent, confident insurance decisions. Keep reading to learn more about choosing dental and vision insurance. 

Why Is Insurance Confusing?

Insurance can seem confusing because there are many types of insurance plans for different needs. If you don’t know how these different types of plans work for different types of people, you can quickly start feeling overwhelmed by all of the choices. You can alleviate some of this confusion and overwhelm by sitting down with a knowledgeable insurance representative. This professional will be able to walk you through the different plans available and help you decide which one is right for you. 

Are Dental and Vision Part of Health Insurance?

In some cases, yes, but in other cases, no. Some forms of health insurance include dental and vision coverage. If this is the case, you can make a few quick decisions to determine which services you will need. If dental and vision are not included in your health insurance, you will want to spend some time researching the types of available plans and which will work best for you. 

Do I Need Dental and Vision Insurance?

Dental and vision insurance are excellent services to have. Dental services and vision services can be expensive when paid for out of pocket. A dental and vision insurance plan can help offset some of these expenses. 

If you would like to learn more about health, dental, or vision insurance, don’t hesitate to contact us at Family Insurance Associates serving Ruidoso, NM, and the surrounding areas. We will be happy to help you. 

Life insurance policies can be confusing, and those requiring an exam often end up providing less coverage than someone needs, which is why no-exam life insurance policies are becoming a popular choice. These policies offer coverage without worrying about the hassle of a medical exam or a lengthy underwriting process. Still, there are many benefits to these policies, as well as more than one type.

Benefits of No-Exam Life Insurance Policies

No-exam life insurance policies have become popular due to their convenience and quick application process. Unlike traditional policies, they don’t require a medical exam or a lengthy underwriting process, allowing individuals in the Ruidoso, NM area to obtain coverage with minimal effort quickly. No-exam policies are especially beneficial for those with pre-existing medical conditions or who need immediate coverage due to major life changes.

Types of No-Exam Life Insurance Policies

There are mainly two types of no-exam life insurance policies available: simplified issue and guaranteed issue. Simplified issue policies require applicants to answer a few medical questions on the application, but they offer higher coverage limits and are usually more affordable than guaranteed issue policies. For help determining whether simplified or guaranteed issue policies are right for you, contact the experts at Family Insurance Associates.

Factors to Consider

When looking for a no-exam life insurance policy, there are several important things to keep in mind. These include how much you’ll need to pay in premiums, how much coverage you need, how long you’ll need coverage, the policy’s terms and conditions, and the insurance company’s reputation. Always take your time to compare policies for your specific needs.

Protect your family’s future with the help of Family Insurance Associates, serving the Ruidoso, NM area. Our team of experienced agents will work with you to find the right insurance coverage for your budget and needs. Visit our website today, or email us to learn more and to get started.

If you’re a business owner in New Mexico and looking for ways to protect your business investments, consider getting commercial insurance. 

Contact the insurance experts at Family Insurance Services in Ruidoso, NM for a free quote! 

Be Prepared for The Unexpected and Whatever Comes Your Way with Commercial Insurance

Commercial insurance is like having a financial security blanket that helps shield your business from financial losses in the form of lawsuits, theft of services, theft of intellectual property, and damage from natural disasters. 

General liability insurance shields your business from devastating financial losses from lawsuits if patrons are injured on your property. 

Worker’s comp can safeguard your finances against compensation claims for medical reimbursement and damages awarded to injured employees on the job site. 

How to Choose the Best Commercial Insurance Policy for Your Business in New Mexico

Business owners have a wide variety of insurance options to shield their financial investments from unexpected losses. 

The best way to find a custom commercial insurance policy to protect every aspect of your business is to talk to a knowledgeable insurance agent who can show you the benefits of each policy type.

A licensed insurance agent at Family Insurance Associates in Ruidoso, NM can answer your questions about getting commercial insurance in New Mexico.

They can also review individual commercial insurance policy options, add-ons, and premiums to customize coverage. 

Get a Commercial Insurance Quote in New Mexico

Ready to invest in a New Mexico commercial insurance policy to protect your business? An insurance solution is available if you need insurance to protect your business assets, commercial trucking fleet, or liability protection. 

Contact an insurance agent at Family Insurance Associates in Ruidoso and get a free quote for commercial insurance today!