News from AnCap Insurance, Inc.

August 2011

(602) 943-2586

Insurance News

The Winner is.....

Congratulations to this month's Referral Program Winner,

John Abah!

For Referring a friend to us, John won a check for $50.00!!

From the AnCap team....

Thank you to everyone who referred a friend last month!

AnCap's Referral Rewards Program

Do you know someone who is tired of talking to 1-800 numbers, or is paying too much for insurance?

We take pride in providing great customer service to YOU. So why not tell a friend or neighbor about AnCap? We would LOVE to provide them with the same great customer service and save them some money!! When they call, YOU are entered into our monthly drawing to win $50!

When you send a referral to AnCap You WIN!!

First- You automatically are sent 2 lottery scratcher tickets.

Second- You get one entry for the monthly drawing for a $50 check for each referral. The drawing is held on the first Friday of each month.

Third- You also get one entry in the final drawing New Frank Sr

for a $500 check (This drawing is held in the beginning of December, just in time for any holiday shopping).

It's so easy to win. Maybe next month you will recieve a call from Frank Sr letting you know that you won.

In This Issue

Life Insurance

Vacant Dwellings

Common Auto Ins Myths

Find us online!

Check out our website!

Frank Jr

View my profile on LinkedIn

Frank Sr

In the Know about Life Insurance

Did you know that one third of adults in the United States do not have life insurance at all? Today, insured adults are more likely to have only group life insurance obtained through the workplace. Adults with only group insurance carry the lowest amount of insurance available.

What is life insurance? It sounds like a no-brainer. Life insurance protects the people who are financially dependent on you. There are three major choices when purchasing life insurance.

Term insurance provides insurance for a specified term of years, for a specified premium. This policy does not accumulate cash value. One reason to buy term insurance would be to cover the amount of your mortgage. If you have a 30 yr mortgage, a 30 year term policy will have enough coverage to pay for your home in the event that you may die.

Whole life insurance provides protection at a level premium, and a cash value table included in the policy, guaranteed by the company. The primary advantages of a whole life policies are the guaranteed life benefits and guaranteed cash values. They also have a fixed premium. The disadvantages are that the premium is inflexible and may not be competitive with other savings alternatives. When you do die the insurance company keeps the cash value and pays the face value of the policy. 0.72

Universal life insurance is a newer product intended to provide a permanent insurance coverage with greater flexibility in premium payment and the potential for a higher internal rate of return. A universal policy could include a cash account. Interest is paid within the policy (as a credit) on the account at a specific rate decided by the company. As the cash value grows it begins to push up the face amount of the policy. Cash value can be increased or decreased depending on your current needs. Making this policy a combination of the term or a whole life.

How much do I need? When setting an amount, the goal is for your beneficiaries to replace your cash flow in the event of your untimely death. A common rule of thumb in purchasing life insurance is to take your current income and multiply it five to seven times. This amount should give you a sufficient amount of insurance.

Please call us if you have any questions about life insurance.

Vacant Dwellings

According to CNN Money, 11.4% of all homes in the United States are vacant. Arizona is not at the top of the list in the most vacant dwellings, but we are in the top five at 16.3%.

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If you are one of these many owners who have a vacant home, make sure that your home is insured correctly. A basic homeowners policy will not cover a vacant home, and will not cover a claim that may occur. The reason being is that a vacant home is at a higher risk for vandalism, fires and water damage. That, and how long will it be before someone notices a claim has occurred?

In one instance of a claim reported on a empty house; a vandal took a hose, put it in the window, turned on the water and walked away. It was lucky that the owner went by the next day. The claim ended up being $85,000. But what if the insured hadn't showed up for a week or two. How much would the claim have been then? The claim would have been enormous. Yes, a vacant home policy can cost you more in premium. If you try to insure it incorrectly, the company does not have to pay the claim at all. Imagine if that happened to you. Can you cover the cost of a claim that large?

More Responses from our Survey...

Please share a comment about our company or customer service

"Everyone there has been helpful!"- Ethel

"My wife called regarding our policies on out cars and Frank was totally candid about the appropriate coverage even though it probably meant less commission. Don't worry Frank you will make it up. We will recommend you and your company." - Marty

"Thanks for the years of great service, both personally and with my business."- Mark

" Your office was vey prompt in giving me new quotes for my son, Thanks"- Sylvia

Common Auto
Insurance Myths

There are many theories about car insurance. We get inquires from customers wondering if these are true all the time. Here are some common myths and corrections for such myths.

#1- The color of my car is the reason my insurance is so high. red car

Truth- We have no idea what the color of your car. The Vehicle Identification Number (VIN) , will tell us a lot of things but it does not specify color and we certainly do not ask. The questions we ask are Year, Make and Model.

#2- Why does my neighbor pay less for his auto insurance?

Truth- Insurance rates are based on a number of factors, Basic rating factors are zip code, vehicle info, age, members of the household, driving records claims history, credit and marital status. Everybody's situation is different making everybody's price different.

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#3- My car insurance will drop dramatically

when I turn 25.

Truth- If your rate goes down on your 25th birthday this is a coincidence. Younger drivers have the most crashed, which makes them have the highest rates.

#4- Since I have Rental Reimbursement

I can use this for a rental car while I am on vacation.

Truth- No, Rental Reimbursement coverage is for you to rent a car when your car is in a repair shop as a result of a covered accident or loss.

**Excerpts derived from Progressive.com

Did you know that we offer all these services!

Home Condo Flood Auto Classic Car Motorcycle Boat ATV RV Motor Homes Personal Umbrella Commercial Workers Comp General Liability Inland Marine Life Health Disability Long Term Care Medical Supplements Dental/Vision

AnCap Insurance, Inc.

8802 N 4th Street, Phoenix, AZ 85020

(602) 943-2586 office (602) 943-7221 fax

Visit our website www.ancapinsurance.com