Protecting Yourself - With JMD

Why Do I Need It?

Life insurance is one of the most important investments a person can make. You want your family to be protected no matter what and ensuring that your assets and their livelihoods are protected and taken care of can give everyone peace of mind.

Permanent life insurance policies provide lifelong coverage, offering a sense of security and stability. Unlike term life insurance, which covers a specific period, permanent life insurance accumulates cash value over time, serving as a dual-purpose financial tool. This cash value can be accessed during the policyholder’s lifetime through policy loans or withdrawals, providing a source of funds for various needs such as education expenses, supplemental retirement income, or emergencies.

Moreover, permanent life insurance policies offer flexibility in terms of customization and benefits. Policyholders can choose from various types such as whole life, universal life, or variable life insurance, each with its own unique features and investment options. Overall, permanent life insurance policies provide a comprehensive approach to financial protection, savings, and investment for individuals and their families.

At JMD, our team of agents will consider all options to acquire the best rate for you and your family.

Weighing Premiums and Deductibles:

Once we’ve identified the best possible coverage rate for you and your business, JMD will help you determine the most cost-effective approach to premiums and deductibles.

As a general rule of thumb, higher deducible plans are seen as lower risk by providers which means they come with the benefit of lower monthly premiums. Alternatively, lower deductible plans are seen as higher risk by providers resulting in higher monthly payments.

Typically, insurance providers perceive higher deductible plans as lower risk, translating to lower monthly premiums for policyholders. Conversely, lower deductible plans are regarded as higher risk by providers, leading to increased monthly payments for coverage.

For more on premiums and deductibles visit our FAQ page.


Ask us about additional ways to save including:

  • Accident and ticket-free discounts
  • Bundling your Auto and Homeowners policies
  • Completing an online Defensive Driving Course for an additional 10% off your premium

We offer state certified Defensive Driving Courses for New York drivers.

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