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  • About Maynard Insurance Agency, Inc. in Huntington, WV

    Let Our Family Protect Your Family: Get Informed, Get Insured

    Maynard Insurance Agency, Inc. has served the local community for over three decades. Family owned and operated since 1983, our staff consists of Dan, Kevin, and Mike, who are experienced and knowledgeable about insurance and can take the time to work with you. This kind of personalized service is what sets our local agency apart.

    We live and work right here in the community where our customers also live and work. We are familiar with the area, know the local economy, and the importance of having quality coverage that will keep the important aspects of your life protected.

    Maynard Insurance Agency offers a comprehensive line of insurance products: Home, Life, Commercial, Auto, and RV. Insurances for what you need: the right amounts of coverage, at competitive rates you can afford. Our own recent office move, from Barboursville to Huntington, gives us additional insight. From our new location, we recognize what it means to provide our customers with excellent service, no matter what the circumstances may be.

    Let our family protect your family. Get informed here on our website about the types of insurance we offer. Get insured through Maynard Insurance Agency for the best in customer service and affordability, because we care about our community for over 30 years.


    Ways to Reduce Your Life Insurance Premium

    There are three factors that contribute to valuing an insurance premium. Two of the three are solid—your age and family medical history. However, you can choose to find ways to adjust your lifestyle factors, and this can have a significant effect on your insurance premium. Some ideas are:

    Quit Smoking

    Quitting smoking is one of several ways to reduce your life insurance premium.
    Non-smokers tend to live longer, so a life insurance company has more years to collect your premium payments before having to possibly pay out on the policy when you die.

    Lose Weight

    Losing weight is one of several ways to reduce your life insurance premium.
    Weight loss often lowers cholesterol levels, blood pressure, and the risk of developing chronic diseases, like diabetes. All of these improvements to your health can make you a better insurance risk.

    Reduce or Eliminate Your Alcohol Intake

    Reducing alcohol intake is one of several ways to reduce your life insurance premium.
    Drinking alcohol can pose a potential health risk. Life insurance companies check your application, driving record, and your medical exam to get a grasp of your drinking habits. Drinking less alcohol, or stopping completely, makes you less of a risk for the company. As a result, you’ll likely be rewarded with a lower premium.

    Improve Your Driving

    Improving your driving is one of several ways to reduce your life insurance premium.
    Insurance companies can hike your premium if you have multiple moving violations. Getting a driver safety course certificate may bring a savings.


    Non-lifestyle Ways To Reduce Your Premium

     

    Switch from permanent to term life insurance

    Depending on your age and how long you expect to need life insurance coverage, you may want to consider switching to a term policy. Check the cancellation policy on your current coverage before making a change.

    Switch Insurers

    You may be able to get similar or better coverage for less money.

    Look for “No-load” or “Low-load” Policies

    These are often less expensive because insurance agents charge a flat fee rather than a hefty commission.

    Ask About Payment Discounts

    Paying your bill in full every year may give you a discount, as may paying with an automatic withdrawal from your checking account.

    Reviewing Your Credit Report

    Insurance companies may review your credit report when determining your premium. Paying your bills on time assures the company that you are likely to pay your premium on time and in full.

    Choosing a company with experience covering people with your condition

    If you have a medical condition, a broker can help find a company that is likely to work with you and may provide a better rate class.

    Eliminating Riders

    “Riders” are optional policy provisions that pay additional money to your beneficiaries. There are five types:

    • Accidental benefit rider – pays your beneficiaries if your death was the result of an accident
    • Children’s term life insurance rider – pays if a child covered under your life insurance policy dies
    • Waiver of premium rider – pays your policy premium if you become permanently and totally disabled
    • Living benefits rider – pays a portion of your death benefit payment in advance if you are diagnosed with a terminal illness or if you require long-term care or nursing-home services
    • Payor rider – waives premiums if you die or become disabled before a covered dependent child reaches a certain age.

    Reviewing your Medical Information Bureau file

    Insurers share information on applicants’ medical conditions through the Medical Information Bureau (MIB). Request a free copy of your file from their website to review and correct any information that could negatively affect your premium.

    Take time to get some education about life insurance options by working with a good insurance broker. A knowledgeable broker can take you through the process an find the most effective and affordable policy.