Jaquenette Ferguson Life Insurance, Annuities and Health Insurance

With us, there isn’t. Book a no-obligation consultation with our team, and you’ll receive free insurance quotes from different carriers so that you can easily compare and contrast. We work with you to find the right insurance quote, no strings attached.

When submitting an insurance claim, a deductible is an amount you’re responsible for before the insurance company covers the rest. As your dedicated insurance agents, we do our best to introduce you to carriers with the lowest deductibles so that you barely ever have to pay out of pocket. This way, not only will you shop the most competitive rates, but you’ll also discover trustworthy lenders that prioritize their clients.

A laspe occurs when you stop paying on the premium of your policy. You will have a short grace period to make full payment. We recommend avoiding an insurance lapse as this can result in costly consequences and/or loss of coverage.

Your premium is how much you pay your insurance company regularly to keep your coverage in place. Depending on the insurance type and specific policies, you can pay your premium monthly, quarterly, biannually, or annually. Whether life insurance or health insurance, limits and deductibles are common factors that affect your premium rates. An insurance limit is the maximum amount covered when making a claim—usually, the higher your coverage limit, the higher your premium. Our insurance agents can guide you in the right direction when it comes to pinpointing the perfect coverage limit for your needs. And they’ll stay on budget, too! An insurance deductible is the amount of money you have to pay out of pocket for a covered claim. Generally, you may be able to save money on premiums by selecting policies with higher deductibles. However, we highly advise consultation with our insurance professionals to see what’s in your best interest to properly meet your needs.

At Jaquenette Ferguson, we believe it’s a good idea to review your insurance protection at least once a year. Still, if you have gone through a significant life change, it’s best to check in with us as soon as possible. Get in touch with us now at (240) 476-9562 to schedule an appointment.