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124 Triad Center W,
O'Fallon, MO 63366

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Senn Insurance Agency Blog

What Is Universal Life Coverage?

Universal life coverage is a specific type of insurance that will give out a certain amount upon death. This may sound like general permanent life insurance, but there are a few differences. Senn Insurance Agency wants the people of O’Fallon, MO to understand the benefits of this coverage before deciding whether it’s for them. 

The Savings Component 

Like permanent insurance, there is some degree of savings with universal life coverage. The funds that fall under savings are invested under a fixed interest, which can help the insured predict precisely what will happen month after month. People who opt for this plan typically do so because it’s one of the more flexible types of life insurance. If any drastic changes occur, it’s often easier to alter the terms of a universal plan than a permanent plan. For example, if a person wants to switch funds between the life insurance and the savings portion, it’s a relatively simple process. 

Understanding Universal 

The insured is allowed to make changes to their policy, but they do need to be aware that this can ultimately change the death benefits. These changes may even affect the cost of the premium as well. Otherwise, this plan comes with more than a few perks for its holders. For one, people have some certainty in knowing that everyone will be financially protected (regardless of external events). Even if the benefits change, there’s no mystery behind the final number. Also, all money earned within the policy is tax-deferred. The same interest rate can be applied to the ever-accumulating cash value without being interrupted by taxes. 

If you want to learn more about the benefits of universal life coverage, call Senn Insurance Agency in O’Fallon, MO today. We’re here to explain the critical types of coverages so you can understand your options. 

Ways to Protect Your Home in the Summer

There are a number of ways to protect your home in O’Fallon, MO during the summer months.

Insulate: Many people think of insulation for the winter but it’s equally as important in the summer. Just as cold air creeps in, so too does hot, sticky air. To beat the heat, start in the attic. Inspect every part of your home to make sure insulation is installed correctly to not let the cool air out.

Combat Direct Sun: Wooden decks can be dried out by the intense summer sun, which can lead to cracks and shrinkage. Ultraviolet rays will break down wood fibers so be sure to add a UV protected sealer to an outdoor deck. If you want to use a stain, know that the darker the stain, the better protection it can offer your wood.

Choose the Right Paint: Bad weather can be dangerous to the exterior of your home. Harsh UV rays can cause the paint to peel, fade, or chip. Rainy and humid conditions can help mildew and mold take root. Extreme temperatures will force the exterior to expand and contract and shorten the life of the paint.

Seal Leaks: The rainy season can wreak havoc on a home and you want to make sure it’s waterproof. Check your gutters to make sure there aren’t any crack left over from winter. Make sure downspouts are pointed away from the home so water doesn’t flow into the foundation and endanger the basement. Look in the interior to see if there are any signs of water damage on ceilings and walls.

Check Your Home Insurance: You should be checking your home insurance yearly and summer is a great time to do it. Let your agent at Senn Insurance Agency know if you have had any major home improvements to figure out if you need any additional coverage.

Contact Senn Insurance Agency, serving O’Fallon, MO, to get a quote on home insurance.