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The Risk of Being Uninsured (and the Reason for Addressing It Now!)

With times being what they are and everybody trying to keep their heads above water, insurance may seem like just another bill to pay.

But what if the primary breadwinner suddenly dies or becomes ill?  What if there’s an accident?  No one cares to think about such tragedies, but they happen every day.

What’s important sometimes takes a back seat to immediate need.  But at a certain point in our lives, we need to slow down and consider what really matters.  For most people, the welfare of their families and their prospects for retirement are important.

There is great risk attached to “going naked”.  The risk of being uninsured (and the reason for addressing it now) holds no little urgency for those who are winging it.  There’s a good reason to get insured which may convince you it’s time to act which we’ll talk about here.

Life insurance – a bigger bargain than many believe.

A lot of people labor under the misapprehension that they can’t afford life insurance.  Like we said earlier, it seems like just another bill.

A life insurance policy can protect loved ones surviving the sudden death of the primary breadwinner.

A recent study demonstrates that life insurance can be one of the best investments you ever make.  A 30-year-old can obtain a $250K policy for about $12 per month.  If that sounds like a good investment in your family’s wellbeing, it’s because it is.

Living while you’re alive.

A permanent life insurance policy will cost you a little more than a term policy, but its benefits are astonishing.

At the beginning of a policy, premiums will be higher, but you’re getting the ability to accumulate tax-deferred value and obtain lifelong protection.

The value of your policy can be used against any expense you prefer, from a down payment on a house to your children’s higher education, or even your future as a retiree.  The best thing about this strategy is that interest rates are dramatically lower, making it a great way to borrow.

No credit check, either.  A permanent life insurance policy lets you live while you’re alive, borrowing from the value you’ve accumulated over time and not from a bank.

That’s priceless!

Considering disability insurance.

Almost 1/3rd of Americans will become disabled for an average of 90 days at some time during their working lives.  The odds are high that you may be one of them.  Disability insurance lets you face the eventuality head on and prepared.

With disability insurance in place, you don’t have to fear the loss of income resulting from illness or injury, because it has you covered.  That’s responsible fiscal planning that protects you and yours.

Combining a life insurance policy (preferably a permanent one), with disability insurance protects you and your family from life’s bumps and bruises, making them less painful and difficult.

Sure, it’s another bill to pay, but can you afford not to pay it?

Abco Insurance can help get you covered.  Life happens, but it doesn’t have to sink the ship.

Car Insurance

Be Prepared for Life with the Right Insurance

Life happens. It’s a simple truth, but also a cliché that everyone has heard time and time again. The reason this saying is so popular is because it is true. There’s little that anyone can do to control life and the way the future unfolds. The best we can do is prepare for the future and hope for the best. One way that we prepare for the future is with insurance. We prepare for the worst-case scenario, so that we can rest assured that our possessions are secure and that our loved ones are provided for. Here are a few normal life situations that ABCO can help you prepare for.

Renter’s Insurance

Many people experience problems when they rent a property or apartment. Let’s imagine that you rent an apartment and a pipe breaks while your upstairs neighbors are away. The water runs through their apartment, through the floor and before you know it, your apartment is soaking wet. Your laptop, TV, and most of your furniture are ruined. With renter’s insurance, you don’t have to worry about the cost of replacing those items.

Car Insurance

Another common experience is a traffic accident. Sometimes car accidents happen and if you’re lucky enough to be unscathed, you’re still going to have to pay for repairs or a whole new car. Let’s say that you’re driving through an intersection as the light turns green. Someone in the opposite lane tries to quickly make a left and you wind up hitting them. Your car might be totaled and at the very least, you’ll have to repair your vehicle. Car insurance helps cover the cost of repairs or a replacement vehicle. That means you won’t have to pay totally out of pocket to get back on the road.

Life Insurance

Death is a normal and necessary part of life. As frightening as that can be, it’s always nice to know that in the event of your death, your loved ones won’t have to worry. Life insurance makes sure of this. With the right life insurance policy, you can be sure that when the time comes, those who depend on you won’t struggle.

If you need insurance, ABCO can help. Contact us today!

Retire in South Jersey

Ways Life Insurance Can Help Maximize Your Retirement

Once upon a time, retirement was a promise.  These days, it’s more like something which looms ominously.

But that doesn’t need to be the case.  With the right life insurance policy, you can not only protect your loved ones, you can protect your retirement and make the most of it.

Let’s review some of the ways life insurance can help maximize your retirement, granting you the financial freedom to enjoy the fruits of your labor.

I didn’t expect to live this long!

People are living longer than they ever have.  With medical advances, we can enjoy longer, healthier lives.  But preventative health care is also playing a part in the longevity phenomenon.  More people are exercising, fewer people are smoking and eating well has become a priority for millions.

But a long life requires money.  That’s where your life insurance policy can help.

With the right policy, you can use withdrawals and loans to tide you over when investment income isn’t performing up to par.  This gives the markets an opportunity to recover, without you having to sweat it out while it does.

Your life insurance policy can also provide lifelong income when annuitized.  That’s an attractive option for people with big plans for enjoying their retirements.

Stretch your pension.

Having a pension in retirement used to be the norm.  That’s no longer the case, lamentably.  Nowadays, pensioners need to get creative, if they’re among those still enjoying the promise of a monthly income from their pensions.

Life insurance can provide supplementary income when pensioners are faced with a choice between a higher payout, or a lower one which also covers their spouse.  This allows peace of mind and greater freedom for you both.

Maximizing legacy.

Your permanent life insurance policy can be one of the best tools a retiree ever had, creating the ability to establish a legacy for family and/or your charitable organization of choice.

The great thing about this is that your beneficiaries have direct access, as the income is not taxable (in most cases) or subject to probate.

If you believe your estate income will be taxed, you can create a trust with your life insurance policy.  This option allows you to bypass the estate, avoiding both income and estate taxes.

How to do it.

If you’ve got a life insurance policy in place, it may be time to schedule a review with your investment manager or policy agent.  With a skilled advisor, you can either re-structure your policy to serve your retirement plan or create a whole new policy that covers all the bases.

If you’re not covered, the time is now to get permanent life insurance in place and start building toward your retirement goals.

Time changes everything, but so does life insurance!  Talk to your financial advisor or insurance agent or contact Abco Insurance about building up your life insurance profile now.

The ways life insurance can help maximize your retirement are within reach with Abco.  There’s no time like the present to secure your retirement and your family’s future.

Home-owners Insurance

Protect Your Dreams with the Right Insurance

People work incredibly hard to fulfill their dreams. You might have dreamt of a beautiful house in the country or that classic car you had a poster of when you were seventeen. Whatever you dreamt of, achieving those dreams can be a true milestone in your life. When you’ve put in the work and time to achieve your dreams, you’ll want to make sure that they’re not a liability. With insurance from ABCO, you can be sure your dream items are safe and secured, so that you don’t have to worry about them.

Your Dream House

Your home is an important part of your life. Particularly if you’ve bought the home of your dreams, you probably invested a lot of time and money in your home. If you’ve always had a mental image of what your home would look like, you probably worked hard to be able to afford that house, find that house, and then make that house a home. So, why would you let that dream disappear in the event of a disaster? It’s important that you insure your home and protect the investment you’ve made in it. Not only might your home be a dream, but it’s also an important financial asset. Make sure that you’re protecting that asset with the right home-owner’s insurance.

Your Dream Car

Some people truly love cars. Many even dream of having a very specific type of car. We all likely know someone who always wanted a vintage muscle car, a particular lifted SUV, or a beautiful sports car. If you’re one of these individuals and you’ve managed to finally get your hands on the wheel of your dream car, you probably wash it regularly and protect it from the elements and clumsy guests. If you protect your car from these more mundane possibilities, you should also be protecting it from unforeseen events. Not only is insurance necessary to drive the vehicle, but it will make sure you don’t lose the investment you’ve made in finding, purchasing, and protecting your dream car.

Protect Them

You can protect your dreams with insurance from ABCO. Don’t take a chance with your dreams and contact us today!

A Roof Rake Can Help Prevent a Costly Homeowner's Insurance Claim

Be Prepared for Severe Winter Weather

Winter weather can be lovely. Snow covered hills and icy ponds make for picturesque views. But sometimes, the cold can bring major problems for homeowners. Snow and ice can quickly go from beautiful to dangerous very quickly and you should be prepared for these types of incidents. Especially if you live in an area with severe winter weather, make sure you’re ready for any and all eventualities with these tips from ABCO Insurance Agency, Inc.

Your Heating System

The first thing you need to do to prepare for the cold of winter is to make sure your heating system is working properly. Have a trained technician take a look at your heating system to make sure it’s working properly and not leaking carbon monoxide or other dangerous gases. If your house isn’t properly heated, you may wind up with frozen and broken pipes.

Clear the Way

You’ll also want to make sure that you have the right equipment to shovel yourself out of your house and clear the sidewalk. When the snow starts to fall, you need to be sure that you can get yourself out of the house. You also need to make sure that your sidewalk or walkway is cleared. A decent snow shovel and some rock salt will do the trick.

Watch the Trees

Get rid of any dead trees or branches that hang over your home. This is really important to protecting your home during the winter. Ice and snow can be heavy and can bring down trees and branches that may fall on your house. By removing these trees and branches you don’t have to worry.

Have a Great Insurance Policy

Most importantly, make sure that you are prepared for winter disasters with homeowner’s insurance. A good policy will protect you from a number of possible winter problems. If your pipes freeze and break and you’re not at fault, your policy can cover this. And if a tree, heavy with snow, falls on your home, your policy can cover this. Even in the of heavy snow causing structural damage or a roof collapse, your policy may cover this. You may even be covered for liability in the event of a slip and fall or another incident.

If you’re unsure about what your policy covers, or you want to make sure you’re covered for winter weather, contact our team today!

Pen, Calculator, Signed Document

What Types of Insurance You Should Invest In

There are some things you need to insure. The law literally requires some types of insurance. Other things are just obviously smart to insure. For example, having health insurance or dental insurance makes more sense than living without it. But when it comes to what kind of insurance you should invest in, things may get more confusing. Here is a quick guide to what types of insurance policies you should be investing in:

Homeowner’s Insurance

If you own a house, homeowner’s insurance is a must. Homeowner’s insurance makes sure that in the event of a disaster, accident, or theft, you’re not going to wind up totally bankrupt. Homeowner’s insurance covers replacement costs, the structure of the house, liability in the event of an accident, living expenses in case of a disaster, and your personal possessions, but only up to a set limit.

If your home is in a flood zone, you should also invest in flood insurance. Flood insurance is separate from your homeowner’s insurance. Flood insurance, like homeowner’s insurance covers the costs for rebuilding your home and replacing some of your possessions.

You may also want to consider buying separate insurance coverage for your more valuable items. If you own jewelry or other expensive items, it makes sense to insure these items with valuable item or floater policies.

Auto Insurance

You need to have auto insurance if you drive a vehicle. This coverage needs to include, at least, some kind of liability insurance, which protects other drivers in the event of an accident.

Renter’s Insurance

Renter’s insurance is similar to homeowner’s insurance. This type of insurance covers costs for replacing your personal possessions in the event of a fire, burglary, or other incident in the property you rent. This can also cover the costs of living expenses if you need to find somewhere else to live if the property you rent is damaged in an emergency.

Life Insurance

Life insurance is a good idea and it’s not just for older people. Life insurance protects your family in the event of your death. It makes sure there is money to cover funeral expenses and to keep anyone you supported on their feet.

Contact Us

If you have questions about these or other types of insurance, contact our team today!

A Car Emergency Kit Is a Must

Be Prepared for Winter Driving

You need to be sure your vehicle is prepared for winter. The hazards on the road often become even more dangerous in the winter with ice and snow and mud. Here are a few of the things you need to do to get your vehicle ready for the winter and make sure you stay safe this season.


First, you need to check that your tires can handle the weather. Check the tread and the air pressure in your tires. You’ll want maximum traction in winter driving conditions. If you live in an area with particularly severe winters, you may want to invest in tires made specifically for winter driving. These tires usually have a chunkier tread, made to grip better to the road.


Next, make sure that you understand how to drive in bad winter conditions. You’ll want to increase following distance, slow down, and accelerate and decelerate more slowly. If you find yourself needing to brake hard, make sure you understand the way your brakes work. Antilock brakes should be applied with steady, even pressure. Non-antilock brakes need to be pumped for the same effect as antilock brakes.

Also, make sure you don’t panic if you find yourself in a skid. Any rash or quick actions can lead to a total loss of control, so gently ease of the accelerator and do not hit the accelerator or brakes until you have traction again. Guide the car with gentle movements until you regain control.

Insurance Coverage

The most important thing you need to be prepared for winter driving is the right auto insurance. If you don’t have auto insurance, it’s important you look for a plan immediately. First off, it’s illegal in all fifty states to drive without insurance. It also makes you liable to pay heavily in the event of an accident, which is a much greater risk on slick, winter roads. If you live in an area where winters are particularly harsh you may want to opt for more coverage. The right insurance plan can make a problematic winter accident a little less troublesome.

If you need auto insurance or want to discuss your current insurance plan and rates, contact our team now and make sure you don’t have to worry this winter season!

Umbrella Insurance

Insurance Considerations for Retirement

Almost everyone plans to retire. Save some money, invest wisely, get the kids out of the house, and enjoy your golden year in peace and prosperity. But we all know that things might not be as peaceful or prosperous as we hope. So, if you’re planning to retire soon or in the future, here are some questions you should consider as you begin to plan your retirement.

Business, Home and Real Estate

One of the first things to ask yourself as you prepare for retirement is whether your investments are secure. This includes your financial investments like stocks and bonds, but you should also consider the other things you’ve invested in, such as your house, business, real estate holdings. Your nest egg may be tied directly to income you get from a business you invested in or real estate you’re leasing. Maybe you’re planning on selling your home and moving to a smaller, cozy spot with your partner. Either way, you’ll want to make sure that these ventures are secure. That means you won’t have to worry if something goes wrong. Make sure you can plan for the future by investing in insurance.


If you are planning on selling your home when you retire, you might want to consider renting an apartment, condo or home, leaving any repairs or upkeep to a landlord. Renter’s insurance can protect you and your possessions if you’re planning on renting.

Life Insurance

Another thing to consider as you get to retirement age is life insurance. If you don’t already have a policy, it’s not impossible to find one. Depending on what you’ve already set aside, a life insurance policy can help keep a spouse on their feet after your passing. It can also help absorb the cost of funeral expenses and taxes that may be incurred. Maybe you’re realizing that your retirement savings just aren’t enough to provide for your loved ones after your death. A life insurance policy will ensure that the savings you have will not be drained by your death.


If you have questions, ABCO has answers. If you’re planning to retire and are curious about what insurance coverage may help protect your golden years, contact our team today!

1950's Woman Driving A Car

Effective Ways to Save Big on Car Insurance

Saving on car insurance sounds like a scam considering the increasing premiums on good coverage, but simple tips can lead to saving big on your insurance policy and it doesn’t require switching to a red flag raising small insurance company. While it may seem like a piece of paper that is required to spend more money on your commute, car insurance serves an important role in car ownership and maintenance. However, with some easy tips, you can get similar coverage with less money out of your wallet.

Deductibles Adjustment

Many who buy an insurance policy don’t look far enough into their deductibles. When you don’t have a car accident, you don’t often worry about your deductible. However, when the time comes, the amount you have to pay out of pocket comes down to the deductible you chose. Some insurance companies offer a diminishing deductible. This means the longer you go without having a claim, the lower your deductible becomes. If you are a safe driver, it’s worth talking to your adjuster about the option.

Choose the Right Car

Grandmom’s old sedan may not have been the most attractive car on the road but it had a much lower insurance premium compared to the CEO’s sports car you found yourself ogling. Insurance rates are based on a lot of factors such as driving record, the location you will be driving and your age. However, the type of car you insure also has bearing on your premium. Some cars are cheaper to insure because they are either deemed safer or the repairs would not be as costly. Driving a Mercedes Benz compared to a Honda is much more expensive for this reason.

Check Your Rate

Just as your physical body and your vehicle need checkups, as do your insurance policies. There may be ways you could be saving now that you are a more experienced driver or now that your marital status has changed. Further, if you now attend a university and have gotten on the dean’s list, there could be a major potential for discounts. Be sure to regularly check your rate to ensure you aren’t missing a big opportunity.

Contact an ABCO agent today if you are considering a new policy. Whether you are a brand new driver or have just purchased a home and are considering bundling your insurance, we can help find a policy to fit your needs.

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