3 Ways to Set Your Child Up for Financial Success September 7, 2023 As a parent, you want nothing but the best for your child. One of the most important gifts you can give your children is a secure and promising future. It’s never too early to start investing in their future, so here are three ways to set your child up for financial success: Life Insurance Life insurance might not be the first thing that comes to mind when thinking about setting your child up for success, but it can provide an essential safety net. Securing life insurance for your child while they are young and healthy can lock in lower premium rates. This coverage can continue into adulthood, ensuring they have access to affordable protection as they embark on their journey toward success. Life is unpredictable, and during unfortunate events, life insurance can help cover funeral expenses, medical bills, and more. Additionally, some life insurance policies have an investment component that can grow over time, providing a financial cushion for your child’s future. College Funds Investing in your child’s education is one of the most impactful ways to ensure their future success. The cost of education is a growing expense. Setting up a college fund can help you create a savings strategy to help your child during their college years. We offer a few options for college funds. For example, the 529 Plan is a tax-advantaged education savings plan in which you select options to invest in. These assets can then be used to pay for qualified education expenses at any eligible educational institution. Talk to your local OKFB agent about our financial services to get started. Estate Planning Estate planning is a comprehensive approach to ensure that your child’s future is secure, no matter what life throws their way. This option involves preparing for various scenarios, including unforeseen incapacitation or unfortunate events, like a parent’s passing. During the process, your advisor may suggest you work with an attorney to draft important documents that will make decision-making easier for your loved ones. For example, determining financial and medical powers of attorney, guardianship documents to designate caretakers for your minor children and a will to outline what you’d like to have happen to your assets after your death. Life is complicated and unpredictable, but taking steps now to set up your child for financial success can bring some peace of mind. Plan now for your child’s next phase in life by setting them up for success. We’re Here to Help Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs. Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.
8 Home Tips You Need to Know this Fall September 1, 2023 As the temperatures drop, it’s time to start thinking about preparing your home for the cooler weather seasons. With a little bit of preparation, you can ensure your living space remains warm, comfortable and energy-efficient during the colder months. From sealing windows and doors to inspecting your roof, here are some essential home tips to get ready for fall: 1. Seal Windows and Doors One of the easiest and most effective ways to keep the cold air out and the warm air in is by ensuring that your windows and doors are properly sealed. Check for any gaps or cracks around the frames and apply weatherstripping or caulk as needed. This simple step can significantly reduce drafts and prevent heat loss, saving you money on your energy bills! 2. Inspect Fireplace and Chimney If you’re planning to use your fireplace later this year, it’s crucial to inspect both the fireplace and chimney before lighting that first fire. Look for any signs of damage or blockages that could pose a safety hazard. Hiring a professional to clean and inspect your chimney may also be a wise investment to ensure you’re heating up safely. 3. Ensure Proper Insulation Proper insulation is key to maintaining a comfortable indoor temperature and reducing energy consumption. Check your attic, walls, and floors for sufficient insulation. Adding insulation in areas that are lacking can make a significant difference in keeping your home warm and cozy ahead of cooler weather. 4. Reverse Ceiling Fans Did you know that your ceiling fans aren’t just for cooling? When the weather gets cooler, flip the switch on your ceiling fans to reverse their spin and run them at the lowest speed. This will help push warm air down from the ceiling and circulate it throughout the room, improving overall comfort. 5. Clear the Gutters Clogged gutters can lead to water accumulation and ice dams, potentially causing damage to your home. Take the time to clear out leaves, debris, and any blockages from your gutters to ensure proper drainage during the rainy months. 6. Inspect Your Roof A well-maintained roof is essential for keeping the cooler elements out of your home. Inspect your roof for any missing or damaged shingles, leaks, or signs of wear and tear. Addressing any issues before the snow starts falling can prevent more significant problems down the line. 7. Replace Air Filters Clean air filters not only improve indoor air quality but also help your heating system operate efficiently. Dirty filters can restrict airflow and force your system to work harder, consuming more energy. Remember to replace or clean your air filters regularly to ensure optimal performance! 8. Adjust Your Water Heater Temperature Lowering the temperature of your water heater can help you save on energy costs without sacrificing comfort. Aim for a temperature of around 120 degrees Fahrenheit to prevent excessive heat loss and reduce the risk of scalding. As you gear up for fall, these home tips can make a world of difference in creating a warm, comfortable home. By preparing with these home tips, you’ll be ready to embrace the cold weather before it arrives. We’re Here to Help Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs. Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.
3 Reasons You Should Work at OKFB Insurance August 2, 2023 When it comes to choosing a workplace, finding a company that aligns with your values is essential. In this blog, we will explore three reasons why you should consider working at OKFB Insurance. We’re rooted in community We take immense pride in serving the communities where our employees live and work. As a local company, we understand the importance of giving back. That’s why we actively participate in various organizations such as OYE, FFA, and 4-H. One notable initiative is the Farming and Ranching Foundation, which serves as OKFB’s philanthropic arm. Through partnerships like Beef For Backpacks and Pork for Packs, OKFB donates cattle and hogs, producing beef and pork sticks for the Regional Food Bank of Oklahoma. These donations directly benefit more than 550 Oklahoma schools, providing nourishment to over 29,000 hungry children each week. By working with us, you’ll have the opportunity to make a positive impact in the lives of those in need, contributing to the well-being of your community. Made of and made for Oklahomans Our commitment to providing insurance tailored specifically to Oklahomans sets us apart from other providers. Having an OKFB Insurance career means becoming part of a team dedicated to protecting the interests of our fellow friends, family, neighbors and Oklahomans. We also offer competitive pay, flexible working hours, on-the-job training and accelerated job growth opportunities! Exciting agent incentives OKFB Insurance recognizes the hard work and dedication of its insurance agents. To reward their efforts, Farm Bureau Financial Services provides opportunities to qualify for cash bonuses and incentive travel destinations. From Mexico to Scotland, this incentive offers a range of travel options as a token of appreciation for our top-performing agents. These travel incentives not only provide a well-deserved break but also create memorable experiences that foster camaraderie and professional growth. Choosing the right workplace is crucial for a fulfilling career. An OKFB Insurance career has a compelling package that aligns with your values, aspirations and growth ambitions. With a strong commitment to community engagement, and a focus on providing insurance made for Oklahomans and exciting incentive travel opportunities, we offer an enticing opportunities to be part of a company that makes a difference. If you are seeking a rewarding career that combines purpose, growth and a supportive work environment, OKFB Insurance may be the perfect fit for you! Ready to make a difference in the lives of Oklahomas? Check out our current openings!
6 Commercial Insurance Terms You Need to Know August 2, 2023 When it comes to running a business, it’s crucial to protect yourself from potential risks and unexpected events. Commercial insurance provides coverage for various aspects of your business, ensuring you have financial protection in case of accidents, damage or loss. Keep reading to learn six commercial insurance terms that every business owner should know! Builders Risk If you’re involved in a construction project for your business, builders risk insurance is essential. This coverage protects your property while it is under construction from unforeseen events such as fires, tornados, or vandalism. With builders risk insurance, you can have peace of mind knowing that your investment is protected until the project is complete. Business Personal Property Your business’s physical assets are vital to your operations. Business personal property insurance provides coverage for assets like furniture, equipment, supplies and inventory, in case of damage or loss due to covered incidents like fires, theft or natural disasters. With this coverage option, you can mitigate the financial impact of property damage and swiftly recover your business operations. General Liability General liability provides protection in case a third party, like a customer or vendor, experiences bodily injury or property damage due to your business. This covers legal expenses, medical costs and potential settlements, safeguarding your business from significant financial losses. Contractors Equipment or Cargo Insurance If your business relies on equipment and materials, such as contractors, having contractors equipment or cargo insurance is crucial. This ensures that your valuable equipment and materials are protected against theft, damage or loss. It also provides financial assistance for repairing or replacing essential items, so you can get back to business. Loss of Income Unexpected events like natural disasters, fires or other covered incidents can disrupt your business operations, resulting in a loss of income. Loss of income insurance provides coverage for the net income your business would have earned during the period of suspension. It can also help cover continuing payroll expenses, ensuring that your employees are taken care of even during challenging times. Signs Are you reading the signs? Signs coverage protects signs used for advertising, whether it is attached or unattached to your business’s building. Whether due damage due to severe weather, accidents or vandalism, this policy ensures that you can quickly repair signage without bearing the full financial burden. Understanding commercial insurance terms is crucial for every business owner. By familiarizing yourself with these key terms, you can make informed decisions about protecting your business from unexpected events. Plus, with OKFB Insurance, our businessowners policy has so many more coverage options that can be tailored to your type of business. Talk to your local OKFB agent to get started! We’re Here to Help Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your home, auto, commercial and life insurance needs. Don’t forget to follow us on social! This kind of information and more is just a click away. You can find us on Facebook, Instagram and LinkedIn.
