Life Insurance

Concealed Carry Criminal Defense Reimbursement Bond

Wednesday, June 18th, 2014

Behnke Insurance StaffBehnke Insurance Agency partners with West Bend Mutual Insurance Company. West Bend offers an pertinent new product:

Concealed Carry Criminal Defense Reimbursement Bond

As a permit holder of a legally possessed weapon, the bond provides for the reasonable legal fees, expenses, and costs of defense up to the maximum bond limit chosen, after declaration from the prosecuting attorney that no criminal charges will be filed, a dismissal of all filed criminal charges, or acquittal of the “permit holder” following a trial and verdict is upheld on appeal.

“But doesn’t my homeowners insurance protect me in this case?” Your homeowners liability coverage protects you against civil lawsuits, not criminal lawsuits. This product fills the gap for a very low cost.

“Why do I need this? I have a right to carry and self defense.” You are correct, but defending that right in court can be costly, if the situation arises.

This bond helps share that cost. Below is a link to West Bend’s video explanation. Call Behnke Insurance for details, your Fond du Lac insurance professionals.

http://www.thesilverlining.com/cccdr-bond/

Fond du Lac Child Life Insurance Questions 6/10/2014

Tuesday, June 10th, 2014

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This week in Fond du Lac Child Life Insurance Questions, we received several inquiries on life insurance for a child. The info below should be very helpful.

Question 1: My son just had a baby boy. I’m a grandparent! Is it a good idea to buy a policy for my grandchild?

Answer: This is a great gift. One company we partner with has a simple child policy, also known as a jumping juvenile, which increases it’s coverage when the child turns 18 and 25 years old. It’s a whole life product, which means it’s permanent insurance which will keep it’s premium cost until death. An example, a newborn policy which starts at $10,000 coverage, jumps to $15,000 at age 18, and jumps to $20,000 at age 25 costs $73/year or $6.27/month!

This is a great value. When this young man is 80 years old, his policy still costs $73/year. In comparison, an 80 year old buying a new policy would be charged over $2,600/year. The policy can be surrendered for it’s cash value any time and, should the worst case happen, it’ll help pay for funeral expenses and a legacy.

Question 2: What options are there for my newborn baby?

Option 1: Jumping juvenile policy mentioned above. Starts at $10,000 coverage and jumps to $20,000 coverage. It’s a whole life product for under $100/year.

Option 2: Single Pay Whole Life. Pay about $1,700 today and never pay again for this $20,000 coverage whole life policy.

Option 3: Everything else. There are many ways to insure newborns. Call a Behnke Insurance professional for ideas at 920-922-3850.

Question 3: How does ownership work with baby insurance policies?

Answer: You can be the policyholder. You designate the baby as the insured. You select a beneficiary. Down the line, you can transfer ownership from yourself to the baby, perhaps when he’s an adult.

Fond du Lac Insurance Agency also serving Ripon, Oshkosh, Waupun, Sheboygan and more

Friday, June 6th, 2014
Behnke Insurance Staff

Behnke Insurance Staff

The Behnke Insurance Agency was started and still is in Fond du lac, WI. Although primarily selling the city of Fond du Lac insurance products since 1973, we also serve plenty of personal and commercial customers in other cities. Today, just about 190 cities between Wisconsin and Minnesota have some insurance from our agency.

We’re able to do this effectively because of our skilled insurance agents and employees, our continued commitment to technology, and most importantly because our customers tell their friends about the service they receive here at Behnke Insurance.

Although we are based in a nice-sized town like Fond du Lac, our reach is really a reflection of our ability to help serve customers.

**Call Behnke Insurance Agencies today, 920-922-3850**
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Fond du Lac Life Insurance Questions 6/4/2014

Wednesday, June 4th, 2014

Today’s post will describe some different Fond du Lac life insurance questions we’ve received in the past week. These turned out to be some pretty common life insurance questions, so I hope this Q&A section benefits you.

Question 1: I qualified for the standard life program. Can I attempt to requalify for their preferred program, which features lower premiums?

Answer: Yes. You may submit to a reexamine upon renewal. A great reason to do this is if you recently gave up smoking and all tobacco usage. With most companies, if you are smoke free for 2 years, you can move to a much less expensive program.

Question 2: What’s a contingent beneficiary?

Answer: Your primary beneficiary is the person who receives your life insurance policy’s death benefit. Your contingent beneficiary is who receives the death benefit if both you and your primary beneficiary die from the same accident. Check with your agent and your policy for details of the timing.

Question 3: Who should have life insurance?

Answer: Anyone who wants to provide financial assistance after death. The big three reasons are: 1. to pay off loans or a mortgage if I die, 2. to support my children’s education if I die and cannot provide an income stream, 3. to pay for funeral expenses, which average $8,700 in Wisconsin. The earlier you purchase life insurance, the lower your price will be. It can save to be proactive!

Contact a professional at Behnke Insurance for inquiries in Fond du Lac, Oshkosh, Waupun, Ripon and Sheboygan area.

Fond du Lac Insurance Questions 5/30/2014

Friday, May 30th, 2014

Behnke Insurance StaffThis post is about the different Fond du Lac insurance questions that Behnke Insurance’s professional agents answered this week.

Question 1: Jack is living with Jill, but they are not married. Jill has Eve, a daughter from a prior relationship. Eve just turned 16 so Jill adds her to her car insurance policy. Jack has his own separate insurance and suddenly his company also adds Eve to his policy. How and why would they do that?

Answer: Insurance companies want all household members listed on your policy. They pay to have access to consumer reports that list drivers by registered address. If they do a review and find additional drivers at your address, they may just add them to your policy. Call your Behnke Insurance agent to see if you can remove them from your policy. Some (not all) companies give you that option.

Question 2: Car titles and insurance: what’s the big deal?

Answer: You drive your car in the country and hit a deer. You’re relieved that you have a $250 deductible because the car is totaled. The insurance company checks your policy, sees your name on it, and approaches you with a check. They say “You can have this check for your property as soon as I see the car title is in your name.

You can only insure property you own. Call a Behnke Insurance agent for details.

Question 3: How does divorce and insurance work together?

Answer: Wisconsin is a marital property state. When you get married, you share property ownership. You do not separate that ownership until the divorce is final.

An example shows why this matters: Jack and Jill are getting a divorce in 30 days. Jack calls his insurance agent and asks for Jill’s car to be taken off his policy (since they’re not living together). Jill buys her own policy. Jill causes a 3 car accident. A lawsuit targets the owners of that car, BOTH Jack and Jill (remember, the divorce is not final). Jill is protected by her insurance. Jack is not protected by any insurance. WHAT SHOULD HAPPEN: Jack and Jill inform their agent of the pending divorce. The agent keeps both people insured on the same policy for both their cars until the divorce is final, then issues two sets of policies.

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What’s the most common mistake related to insurance? Fond du Lac | Waupun | Ripon

Monday, March 10th, 2014

The single largest mistake I see people make is

  • The customer thinks they have something they don’t.

This can be the car owner driving without insurance, thinking “accidents don’t happen to me. I have savings if they do.” Insurance is protection from financial catastrophe. What could the damages be if your car hits two parked cars because of icy roads? There are about 10,000 reasons to think again.

This can also be the underinsured homeowner. He got a great deal on the internet for a loan value policy. Now, in the event of total loss, this homeowner will have to buy a smaller house or take out a larger loan, hurting his net worth.

This could be the working father who has a life insurance policy from his employer for $50,000. He’s the sole breadwinner for the family and they have $100,000 on their mortgage. Yes, he has life insurance. And upon death, his family has $50,000 of loans on their shoulders (+ $8,700 funeral expenses).

Health insurance is a topic of its own. There are many products out there and a licensed agent can help you optimize your selection given your unique life situation.

**Contact a Behnke Insurance Agent for details**

How can I pay less for health and life insurance? Don’t use tobacco. Fond du Lac | Oshkosh

Friday, February 21st, 2014

Life and Health Insurance both protect people, rather than property (cars and houses). The insurance company looks at the individual applicants and decides “how risky are you?” Every company uses slightly different methods to calculate this, but there is one universal rule: Tobacco users get charged more.

There’s plenty of research showing the known dangers of tobacco use. Insurance companies have read this research and decided these individuals are more likely to cost the insurance company money. Healthcare.gov says “Insurers can charge tobacco users up to 50% more than those who don’t use tobacco.” Life insurance companies apply similar treatment.

If I quit my tobacco use today, how long until I am clear of the surcharge? Generally 12 months, which is pretty astounding if you think about it. By quitting your tobacco use, the cost of health and life insurance will drop at the same time as your weekly tobacco purchases are eliminated. Your financial picture three years down the road is looking a lot cleaner.

Smokeless tobacco is a hot topic right now, with companies split on whether or not they should be charged more. Keep an eye on the news as lawmakers decide the fate of these products.

**Contact a Behnke Insurance Agent for details**

Is life insurance worth the money? It won’t ever help me. Fond du Lac | Ripon | Plymouth

Thursday, February 6th, 2014

Life insurance pays money to Person B when Person A dies. Premiums are paid into a “community accident pool”. If a community member dies, the community reviews the death and that member’s beneficiary receives the death benefit.

A great example: Jack and Jill get married, buy a house and start a family. They pool their income to support the education of their kids, pay the mortgage and do fun things. They want a future. If Jack dies, will Jill be able to afford the mortgage payments? Will Jill be able to fund her kid’s education? Will Jill be allowed a grieving time, or does Jill need to be sure not to miss any paychecks? Who will pay for Jack’s $8,700 funeral? Will the future they wanted fall apart?

Some families will be OK without life insurance. Many will not. Life insurance is a way for you to provide for your family, even after you’re gone. Every family and financial situation is different. There are many different ways of setting up a life insurance policy to protect your family’s interests. Insurance is protection against accidental financial catastrophe.

**Contact a Behnke Insurance agent for details**

Life Insurance | Fond Du Lac | Oshkosh | Waupun | Ripon | Plymouth

Tuesday, November 26th, 2013

Why do we need a life insurance?

Life Insurance Oshkosh: Lately we hear speaking more and more about life insurances. Today, when living is becoming more alert, and people work more and more, we want to know that both we and our families are safe, especially from the material point of view.

Life insurance is a contract between the beneficiary and the insurance company, whereby the last takes over a series of risks to which the beneficiary may be exposed, in return for a tax, and agrees to pay him an amount specified in the contract in case of an unpleasant event. The insurance premiums which the policyholder must pay depend on many factors. For example, it is less expensive for a young and healthy person, and more expensive for an older one who suffers or has suffered from certain diseases. In principle, the policy is more expensive as the insured event is more likely to occur. You should know that if you live in Plymouth, Fond Du Lac, Oshkosh, Waupun, Ripon can conclude a life insurance with one of the insurance companies that exist there.

If you are not sure whether you need or don’t need a life insurance, think about what would happen to your family in case something bad might happen to you. The insurance can financially help your family in the unfortunate case you are no longer beside it. To have a better view of what an influence would have a life insurance over your family’s finance we can analyse both of the following cases:

– You are married, with children. In case of your death, your family will have a hard time getting on just with your husband’s/wife’s income.

– You raise your children alone. In this case, the whole financial responsibility of the family will devolve on your shoulders. A life insurance could give your children a financial reserve in case of your death or serious health problems.

No matter in what situation you are, life insurance can offer you both financial security, and an effective way of saving or capitalization.

Personal Insurance | Oshkosh | Ripon | Waupun

Wednesday, July 17th, 2013

Personal Insurance WaupunPersonal Insurance Oshkosh: Do You Have a Trusted Broker?

Personal Insurance Oshkosh is a fact of life, you need it. Personal insurance Ripon is no exception. The well-being of you and your family is a matter of the utmost importance and should not be left to chance. Proper personal coverage will give you the peace of mind that you and your loved ones are financially protected against many threats and risks. Personal insurance Waupun is a broad and complicated field and few have more experience than Behnke Insurance. We provide top rated personal coverage to the folks of Plymouth, Fond du Lac, Oshkosh, Waupun and Ripon.  Whether you need health, life, disability, liability or comprehensive insurance, we are here to help.

We source best value plans and reliable coverage from leading carriers and as such we can find the type of coverage that best matches your needs and circumstances.  Our personal protection plans will cover you for those unexpected events, be it illness, accident or even death. What will happen if you are no longer able to provide for yourself and your family? Do not risk your financial security with inadequate coverage.  Life is too precious and short. You do not want to spend time worrying about losing your financial security and independence.  Our experienced consultants will arrange the best personal coverage for you and your family.

Contact one of our consultants and we will quickly arrange personal coverage that will protect you financially and take care of matters when things go wrong. Our experienced agents and leading technologies enable us to put together a personal protection plan that is best suited for you and your family’s needs. This way you can focus on living and enjoying your life knowing your personal insurance Oshkosh is in professional and capable hands.