The Smith Insurance Group Inc.

Why Choose an Independent Insurance Agent To Help You Get Health Insurance?

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If you’re looking for good health insurance, The Smith Insurance Group, Inc. can help you. As independent insurance agents, we have the expertise and the carrier partners to help you find insurance that fits your budget and lifestyle.

Health insurance matters, and finding the right policy can mean the difference between healthy and unhealthy living. If you’re searching for health insurance, here’s what to know about shopping with an independent insurance agent in Sandy, UT.

What Is an Independent Insurance Agent?

An independent insurance agent works with multiple insurance carriers. This means they can get you quotes from multiple health insurance companies so you can find the best fit for your needs. An independent agent will do the shopping around for you.

Why Choose an Independent Insurance Agent?

Independent insurance agents make the process of getting health insurance easier and more streamlined. Independent insurance agents don’t work for any insurance company; they work for you.

How To Find the Best Independent Insurance Agent for Health Insurance

Finding the best independent insurance agent starts by asking questions. Contact insurance agents to learn more about their process, which insurance carriers they work with, and how they can help you find the best insurance policy for your needs. A good insurance agent will be a good communicator and responsive to your questions. 

Find out why so many people choose to work with the Smith Insurance Group Inc., serving Sandy, UT. 

The Difference Between Term Life and Whole Life Coverage

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Choosing the right life insurance policy can feel overwhelming when you’re trying to understand the various options available. At The Smith Insurance Group Inc. in Sandy, UT, we help families navigate these important decisions by explaining the key differences between term life and whole life insurance coverage.

Term Life Insurance: Affordable and Straightforward

Term life insurance provides coverage for a fixed period, typically 10, 20, or 30 years. This type of policy offers the highest death benefit for the lowest premium, making it an attractive option for young families or individuals on a tight budget. The premiums remain level during the term period, but the coverage expires at the end of the term unless you renew it. Renewing often comes with much higher rates due to your increased age.

Whole Life Insurance: Permanent Protection with Cash Value

Whole life insurance provides lifelong coverage as long as you continue paying the premiums. In addition to the death benefit, these policies build cash value that you can borrow against or withdraw during your lifetime. While the premiums are significantly higher than term life insurance, they remain fixed throughout your life. Whole life insurance is often appealing for estate planning purposes or for those who want guaranteed coverage regardless of future health changes.

Which Option Is Right for You?

The choice between term life and whole life insurance depends on your current financial situation, long-term goals, and family needs. Term life insurance is ideal for temporary obligations like mortgages or supporting young children, while whole life insurance is better suited for those seeking permanent protection and wealth-building opportunities.

Understanding these differences can help you make an informed decision to protect your family’s future. Contact The Smith Insurance Group Inc. in Sandy, UT to discuss which life insurance option aligns best with your specific needs and budget.

Will Your Auto Insurance Cover Rentals While Abroad?

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Planning a trip abroad involves plenty of considerations, such as where you’ll stay, how you’ll get around, and what activities you’ll enjoy. For many Utah travelers, renting a car seems like the easiest way to explore. However, one question often arises: will your auto insurance at home, provided by The Smith Insurance Group Inc., serving Sandy, UT, cover you when driving abroad?

Where Coverage Typically Applies

Most auto insurance policies are designed with the United States in mind, and coverage usually ends beyond U.S. borders. If you’re driving in Europe, South America, or other international destinations, don’t assume your Utah policy automatically applies. The only way to be certain is to check with your insurance provider before you leave.

Local Laws and Rental Requirements

Even if your policy extends beyond U.S. borders, rental companies abroad often have specific requirements. They may require you to carry certain protections mandated by local laws before allowing you to drive their vehicles. What qualifies as sufficient coverage in Utah may not meet the standards in another country, which is why travelers are frequently asked to purchase additional protection at the rental counter.

Why Planning Ahead Matters

Imagine arriving at your destination, heading to the rental desk, and discovering that your current policy doesn’t apply. That’s not the kind of surprise you want at the start of a vacation or business trip. A quick conversation with your insurance agent at The Smith Insurance Group Inc., serving Sandy, UT, before your trip can clarify what’s covered and what isn’t.

For Utah drivers, the takeaway is simple: your auto insurance may not extend to international travel. Understanding your policy’s limits before you leave helps you focus on enjoying your trip rather than dealing with unexpected paperwork. Contact us before your journey to learn more about your coverage options.

Exploring Your Options: How to Secure Health Insurance Coverage

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Cost is often the main reason Sandy, UT, residents forgo health insurance. However, many may not realize the variety of options available to them. These options offer a range of coverage levels and price points, ensuring that there is a plan to meet your needs and budget.

Employer-Sponsored Health Insurance

Workplace health insurance is one of the most straightforward options, which is why over half of Americans rely on it. As an employee, you enroll in your employer’s health insurance plan and pay a portion of your wages toward the premium, while the company covers the rest. This type of insurance typically covers you and your family members until your employment ends.

Government-Funded Programs

Government programs provide coverage for specific groups based on income and other criteria:

  • Medicaid: Covers low-income families, pregnant women, children, the elderly, and disabled individuals.
  • Medicare: Provides coverage for older people and people with disabilities.
  • Children’s Health Insurance Program (CHIP): Offers coverage for families who don’t qualify for Medicaid but cannot afford private insurance.

Affordable Care Act (ACA)

The Affordable Care Act offers a government-regulated marketplace where you can select plans from private carriers that meet government standards. Sandy, UT, residents can apply for health insurance through the Health Insurance Marketplace at healthcare.gov. Enrollment is available online, by phone, or via paper application, with the most options available during the open enrollment period, which runs from November to mid-January.

Explore Options with The Smith Insurance Group Inc.

At The Smith Insurance Group Inc., we partner with multiple insurance carriers to offer a variety of coverage options without limitations or stipulations. Our agents take the time to understand your health background and coverage needs to craft a personalized health insurance plan. This is an excellent choice for individuals who qualify for government programs as well as those who don’t.

Additional Health Insurance Options

Other health insurance options include:

  • Short-term health insurance (also known as "skinny plans")
  • Health sharing ministries
  • TRICARE military insurance

No reason justifies going without health insurance coverage. Our agents are here to help you find a plan that suits your needs and budget. For more information on health insurance options, contact The Smith Insurance Group Inc. or visit our office in Sandy, UT.

What You Should Know About Beneficiaries

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Deciding how to secure your loved ones’ future after your demise is a crucial life decision. Acquiring life insurance is a straightforward method to ensure your family has the necessary funds for your funeral or other expenses. If you reside in Sandy, UT, our dedicated team at Smith Insurance Group Inc. can assist you in finding the life insurance information you require. Our team has been serving clients in your area for over two decades.

Understanding Beneficiaries

Upon purchasing life insurance, you’ll need to designate one or more beneficiaries. These individuals will receive the payout from your life insurance after your demise. It’s crucial to inform your beneficiaries about your policy, including its location and the name of your insurance company.

If you experience a significant life event, such as marriage or divorce, you might consider changing your beneficiary. Ensure that each beneficiary’s most recent contact information is listed in the policy. Upon your death, your beneficiary can choose between receiving a lump sum payment or setting up a Retained Asset Account, which functions similarly to a checking account.

If you’re collaborating with an estate attorney, ensure they have a copy of your life insurance policy.

Schedule Your Appointment Today

We recognize the importance of making the right decisions for your family. Each member of our Smith Insurance Group Inc. insurance team is equipped to provide you with insurance education and client support. Clients in Sandy, UT have come to trust us for their insurance solutions. Contact us today, and let’s collaborate to find your insurance solutions.

Car Insurance: Legal Requirements To Know

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Every state has its own legal requirements regarding car insurance. The law in Texas may be significantly different from the Sandy, UT law. Understanding state regulations is important to ensure you abide by the law. The Smith Insurance Group Inc. can help you learn the necessary information.

Minimum Liability

Utah mandates that every vehicle owner carry state liability insurance. Liability insurance must include at least $25,000 per person for bodily injury. It should have a minimum of $65,000 per accident for bodily injury. The law also mandates a minimum of $15,000 coverage for personal property.

No-Fault State

Utah is considered a no-fault state. That means that if you get in an accident in Sandy, UT the focus won’t be on whose fault it is. Instead, both drivers are required to file a claim with their insurance company. That’s why Utah mandates a minimum of $3000 in personal injury protection, or PIP. Your PIP will cover your medical expenses in case there’s an accident.

Additional Coverage

Those are the minimum state requirements for every vehicle on the road, but many owners choose to have more coverage. Personal injury protection may not be enough to cover extensive medical treatment, so many owners choose to upgrade their policy to provide more coverage.

PIP

Many insurance agencies offer additional coverage for personal injury protection to ensure your medical bills are covered. Imaging and tests can easily exceed the state-mandated $3000.

Underinsured Motorist Coverage

Underinsured motorist coverage is another common add-on. This coverage provides additional coverage if you get into an accident with someone who doesn’t have auto insurance.

Comprehensive Coverage

Comprehensive coverage covers damages that aren’t due to an accident. These policies can provide reimbursement for things like tornado damage. Consider your risks to decide if you need additional coverage.

Navigating coverage options on your own can be challenging. Experienced agents at The Smith Insurance Group Inc. can help you find the right level of coverage. Contact us to learn more today.

4 Reasons Why You Need to Add a Jet Ski to Your Watercraft Collection

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If you have a boat or two in your garage, you might want to expand your watercraft collection this summer before you head out on the river or lake. A jet ski is a great addition, and it’s easy to add to your watercraft insurance policy.

1. Easy to Use

Jet skis are easy to transport, sometimes even easier than a boat, and they are simple to use once you get out on the water. They are basic watercraft machines that are simple to operate and allow you to enjoy them in both shallow and semi-deep water.

2. Easy to Maintain

When it comes to maintenance, jet skis are some of the easiest to maintain. They only need basic service such as oil changes. Many jet ski owners are able to handle these maintenance services and manage the jet skis on their own.

3. Great Exercise

To properly maneuver these jet skis, you do have to engage in some form of physical activity. This can help you get some exercise and build up your strength. Compared to boating, this is more physically enduring, and with the driver having to maneuver and lift the jet ski, there is a lot of physical benefit to this watercraft.

4. Cost Efficient

Compared to getting another boat or some other complicated watercraft, a jet ski is simple and affordable. It makes a great addition to your collection and won’t break the bank when you purchase it. Jet skis also last a long time, so you’ll get plenty of use out of them before they need to be replaced.

If you’re a watercraft owner in the Sandy, UT area, contact us at The Smith Insurance Group Inc. today for more information on boat and watercraft insurance. We can help you get a personal policy that fits all your watercraft needs today.

The Benefits of Buying Private Health Insurance Outside of the Health Insurance Marketplace

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When it comes to health insurance, many people’s first thought is the Health Insurance Marketplace, particularly during open enrollment periods. However, the Marketplace isn’t the only option. Private health insurance plans offer unique benefits that might better fit your needs. At The Smith Insurance Group Inc. in Sandy, UT, we understand that finding the right health coverage can be daunting, and we’re here to help you explore all your options.

More Flexibility with Plan Choices

One significant advantage of purchasing private health insurance outside of the Marketplace is the variety of plans available. Marketplace plans are standardized, which can be limiting if you’re looking for something tailored to your specific needs. Private insurers often offer more flexibility in terms of coverage options, networks, and premiums, allowing you to find a plan that truly suits your lifestyle and budget.

No Restrictions on Enrollment Deadlines

While the Marketplace has strict open enrollment deadlines, private health insurance can be purchased at any time of the year. This is particularly beneficial if you miss the enrollment period or experience a life event that doesn’t qualify for a special enrollment period. With private insurance, you don’t have to wait for months to get the coverage you need.

Customized Coverage and Specialized Plans

Private health insurance allows for more customization. Whether you’re self-employed, need coverage for specific medical services, or are looking for broader provider networks, private plans often offer more specialized options.

If you’re exploring health insurance options, The Smith Insurance Group Inc. in Sandy, UT, is here to guide you. Contact us today to learn more about private health insurance and how it can provide the coverage you need without the constraints of the Marketplace.

How to Add Your New Child To Your Life Insurance Policy

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Congratulations on your new baby! Perhaps you’ve decided to adopt or foster an older child, or you’ve married someone with kids, and now you have a stepchild. Whatever the case, it’s a joyous occasion! Now, it’s time to add this new member to your life insurance policy to ensure their well-being if anything happens to you.

Here’s How To Do It Easy

First, review your current policy to understand what is covered and assess your new child’s needs. Determine the best time to add your child to the policy, typically within thirty days. Contact your insurance provider to initiate the process. Make sure all necessary information, such as the birth certificate, social security number, and proof of guardianship, is ready for the agent. Remember, adding a new dependent to your insurance may alter your premiums, so budgeting accordingly is essential. You may also need to update your other insurance policies. Review the coverage as it pertains to your entire family. You might want to consider the option of additional insurance.

Contact The Smith Insurance Group Inc. Serving Sandy, UT

A new child brings significant changes to your life, including your insurance. If you are in the Sandy, UT area and looking for life insurance, please contact The Smith Insurance Group Inc. We will connect you with a proficient and courteous agent dedicated to helping you find the policy that is best for you and your family.

The vehicle you choose and its impact on car insurance

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There’s no denying it. The automotive industry is rapidly evolving. Cars are becoming electrified, and some are even self-driving. Technology is making cars safer and more convenient, and more expensive to repair. Traditional sedans are being produced less frequently, with some manufacturers ceasing production altogether. All of these changes impact what you may pay for vehicle insurance. For those in the Sandy, UT area, The Smith Insurance Group Inc. wants you to understand how and why the vehicle you choose will affect your car insurance.

The Rising Prices of Vehicles

The average price of a new vehicle now exceeds $45,000, largely due to the increasing costs of larger, more luxurious SUVs. While SUVs may be safer, they are more expensive to repair and replace, potentially leading to higher premiums.

Technology and Repair Costs

There was a time when replacing a damaged fender was straightforward. Today, replacement parts may include complex technologies like radar, sensors, cameras, and alarms. This complexity can significantly increase repair costs.

Check and Compare Rates Before Purchasing a Vehicle

It’s important to understand how your choice of vehicle will impact your car insurance before you decide to buy. This can help prevent costly surprises and potential regrets.

We Can Help with Auto Insurance!

Some may feel they have little influence over their car insurance rates. However, it starts with your choice of vehicle. More expensive and luxurious vehicles will be more costly to repair and replace and, therefore, more expensive to insure. Be prepared by checking insurance prices before you buy.

We invite you to visit The Smith Insurance Group Inc. in Sandy, UT. We can help you avoid unpleasant surprises.