About Us

Fox Insurance is your "One Stop Source" for all your insurance protection.

Our full service "Personal Lines" Division will assist you with all your personal insurance needs.

From auto, home, boat, motorcycle, and other basic coverage to your hard to place risks such as fine arts, jewelry, antique cars, and summer homes we are ready to help.

Our "Commercial Lines" specialists will help you protect the valuable assets of your business. We have access to some of the best loss prevention programs in the country to help you stop a loss BEFORE it starts.

Our "Financial Services" Division offers a wide array of products to meet your financial needs. Whether you are planning for retirement, financing a child's education or saving for your dream home, the financial team at Fox Insurance Agency is ready to help you!

We welcome your inquiries, and are always ready to provide you with a no-cost, no-obligation review of your insurance and financial needs.

The following is a brief review of various insurance products...

Auto Insurance:

For some people, a car expresses the essence of their being. To others, it's an object to get from point A to point B. We offer a variety of coverages and companies to choose from, based on your specific needs.

Depending on the company you choose, you can get discounts for:

    •    Being a Good Driver
    •    Being a Good Student
    •    Driving a Safe Car
    •    Having Homeowner's Insurance with the same carrier
    •    Other advantages you could enjoy:
    •    Free Windshield Repair
    •    24-Hour Claims Hotline
    •    Guarantee on Repairs
    •    Flexible Payment Options
    •    Advantages vary from company to company, and some require the purchase of certain coverages.

We'll be glad to review your options with you to find the company and coverage that is right for you.

Home Insurance:

Your home is probably your most valuable asset, both as an investment and as your sanctuary in a hectic world. When your home is damaged or destroyed, you need your claim settled by an insurance company that understands this simple fact. Coverage availability and prices may vary by company. We can help you determine which of several companies we represent will best meet your needs and provide the most valuable combination of tailored coverage, quality service and fair pricing.

Depending on the company you choose, you can get discounts for:

    •    Having a burglar alarm
    •    Having a newer home
    •    Being claim free in the past
    •    Insuring your vehicles with the same company

Other advantages you could enjoy include:

    •    Repair Guarantees
    •    24-Hour Claims Hotline
    •    Flexible billing -including coordinating with your mortgage company
    •    Living expense if your home becomes uninhabitable due to a claim

Life Insurance:

The Value of Life Insurance:

Life insurance is a crucial step in planning for your future and the future of your loved ones. It can fulfill promises made to your family if you are no longer around by providing a death benefit to your beneficiaries in return for premiums paid to the insurance company. Life insurance can also provide benefits while you are living.

Advantages of the Death Benefit:

Provides income tax-free money to your named beneficiary(s) that can be used to pay funeral expenses, debt, tuition, estate taxes or virtually any financial need you leave behind.

Can provide business security by enabling partners to buy out the interests of a deceased partner and prevent a forced liquidation.

Advantages of Living Benefits:

The cash value growth of a permanent life insurance policy is tax-deferred1, which means you do not pay taxes on the growth of the cash value unless the money is withdrawn.

Loans2 or withdrawals can be taken against the cash value of a permanent life insurance policy to help with expenses, such as college tuition or the down payment on a home.

Accumulated growth may be taxable upon withdrawal. If the policy is a Modified Endowment Contract (MEC), tax penalties may apply prior to age 59 ½. Consult a tax advisor on your specific situation.

Policy loans and withdrawals reduce cash value and the death benefit and may be subject to other charges outlined in the contract.

Assessing Your Need:

The amount of life insurance you select should be dependent on your personal and financial needs. We can assist you in determining an appropriate coverage amount and help you decide on which type of life insurance is right for you. Generally, you should consider life insurance if you have:

A spouse, dependent children, aging parents or a physically-challenged relative who depends on you for support or Retirement savings that is not sufficient to ensure your spouse's future financial well-being. A sizable estate with liquidity or tax burdened needs.

A business with key employees, liabilities, liquidity needs, or value dependent on the owner.

Life Changes - So Should Your Policy:

As events happen in your life, your life insurance coverage may need to change to adapt to your current needs. Some life changes that may require you to reevaluate your coverage include: marriage, divorce, a new baby, purchase of a new home and retirement.

Types of Life Insurance:

There are several different types of life insurance products available. The most common include:
Term Life Insurance

Term provides life insurance protection for a specified period of time. If you do not currently have life insurance, term can be a good place to start. It's generally less expensive than permanent life insurance, and is available in varying term periods with fixed premiums from a one- (annual renewable term) to 20-year period (level term). Furthermore, term insurance is sometimes convertible to permanent coverage, providing you with flexibility as your needs change.

Whole Life Insurance:

Whole life is a form of permanent life insurance that remains in force during the insured person's lifetime, provided premiums are paid as specified in the policy. Whole life insurance can build cash value.

Universal Life Insurance:

Universal life is a form of permanent life insurance characterized by its flexible premiums, flexible face amounts and unbundled pricing structure. Universal life can build cash value, which earns an interest rate that may adjust periodically, but is usually guaranteed not to fall below a certain percentage.

Business Insurance:

Whether your business is large or small, we have the products to meet your needs. Every business and industry is unique; we identify ways to properly insure the unique hazards of your business. As business owners ourselves, we understand the special protection businesses need to prosper.

Loss Control Programs:

With our insurance company partners, we can evaluate your business's current conditions and recommend ways to lower property, auto, workers' compensation or liability losses. Lower losses will not only lower your insurance costs, but also increase your productivity by avoiding downtime.

Quick Claim Response:

When you do have a claim, you need fast, fair service. As independent agents we work to make that happen. That's why we only represent companies with excellent records for settling claims fairly and promptly.

Competitive Rates:

Many of the insurance companies we represent specialize in insuring specific types of businesses or industries, offering special coverage and pricing. To see if your business qualifies for one of these special programs, contact us for more information.

Retirement:

Imagine the Possibilities!

When you envision your retirement years, what do you dream of? Spending time with your family and friends, pursuing your hobbies, learning new things, volunteering for your favorite charity – imagine the possibilities.

Today more and more people are maintaining their current lifestyle well into retirement. Modern retirement is active, engaging, and independent. As a society, we are generally taking better care of ourselves, and as a result, we’re living longer. These factors affect the way we must plan for our retirement. Social Security may not provide what you’ll need to live comfortably in retirement, and odds are against winning the lottery. How can you make sure you will have enough money to retire? When should you begin saving?

Evaluating Your Retirement Needs:

How Long Will You Be Retired?

Most of us have an idea of when we’d like to retire, but it is also important to estimate how many years you will spend in retirement. This is especially important today since many people are living longer. One of the greatest fears of retirees is outliving their retirement savings and running out of money. As a result, one of the goals of your retirement plan should be to ensure your money lasts as long as you do.

How Much Do You Need?

Experts estimate that you will need at least 80% of your pre-retirement income to live comfortably in retirement. When you retire, you probably won’t have the expenses you do now, such as a mortgage or a child’s college tuition, but costs such as medical care may claim a sizeable share of your retirement income. With this in mind, some financial planning experts estimate you may need as much as 100% of your pre-retirement income just to make ends meet.

How Will You Fund Your Retirement?

Planning and investing during your working years will help ensure that you will be able to live comfortably in retirement. Once you retire, the paycheck you rely on today will be replaced by Social Security, personal savings and your retirement plan assets. The first step in meeting your retirement needs is estimating how much you need to invest to reach your long-term goals.

The Sooner the Better:

While it is never too late to start saving for retirement, the sooner you begin, the longer you have to achieve your goals with less effort and resources. Over time, even the smallest steps can become a giant leap toward reaching your goals, thanks to the power of compounding.

Consider this — four people begin saving for their retirement at different stages of their lives. Here’s how the retirement nest egg of each would compare at age 65 based on an 8% hypothetical annual effective rate of return.

Investing $100 per month at different stages of life:

Age	Amount Invested	Total Value at age 65*
Start at age 55	$12,000	$18,128
Start at age 45	$24,000	$57,266
Start at age 35	$36,000	$141,761
Start at age 25	$48,000	$324,180

* There is no guarantee that these figures will be attainable in the future. This hypothetical illustration is not meant to represent the return of any specific investment.

Your Employer's Retirement Plan -- a Great Place to Start!

If your primary financial goal is to build retirement savings, we suggest you first take a look at the retirement benefits that might already be available to you through your workplace.

If your company offers a retirement plan, you might be eligible to contribute a percentage of your paycheck, up to a specified maximum. Often you are given the choice of contributing before-tax dollars, which means the amount of your salary subject to income taxes is lowered and you may pay less in taxes. Furthermore, as an incentive to save for retirement, your employer may match a percentage of the dollars you contribute, sometimes equaling one dollar for every dollar you put in. Lastly, most plans offer more than one investment choice with the goal of appealing to both conservative and aggressive investors as well as providing the opportunity for diversification.

The benefits of contributing to your employer-sponsored retirement plan are undeniable, but if you do not have this option available, or you are looking to build additional retirement income, we can help you find a strategy to help accomplish your goals.

Fixed Annuities:

An annuity is a contract between an individual and an insurance company. If you purchase an annuity, you’re buying an income stream in the form of annuity payments for a specified period of time. Annuities can be immediate or deferred, depending on when you want to begin receiving payments. Annuities are also either fixed or variable. Fixed annuities offer a guaranteed rate of return.

We sell fixed annuities with a variety of distribution options to meet your income and retirement needs. Fixed annuities offer a guaranteed rate of return, as determined by the insurance company, for a set period of time. The initial interest rate is usually guaranteed for a specific period and then may be readjusted after the guaranteed period is over.

Fixed Annuities offer:

Tax-deferral

Guaranteed rate of return

Guaranteed return of premiums

Pay-out options

When to Buy a Deferred Annuity:

Deferred annuities allow your money to accumulate over time and grow tax-deferred during the years before you start receiving payments. However, withdrawals prior to age 59 ½ may be subject to ordinary taxes and a 10% IRS penalty. Deferred annuities are designed for your long-term savings goals, such as retirement. Deferred annuities may have withdrawal charges that apply if you decide to take your money out in the first few years of the contract. Usually, however, there are provisions that allow you to access a small percentage of your funds without incurring contract penalties in case of an unexpected need. When you start receiving income from your deferred annuity, there are several payment options available to you, including income you cannot outlive.

You may want to consider a deferred annuity if you:

Wish to save for retirement and enjoy tax-deferred growth

Already contribute the maximum to your 401(k), 403(b), individual retirement account (IRA) or other retirement plans, and you want to save more for retirement.

Deferred annuities can be part of an employer-sponsored retirement plan or an IRA account, but can also be used as an additional means of saving for retirement or funding other long-term savings goals. Consult your financial professional for the annuity that best suits your savings and income needs.

When to Buy an Immediate Annuity:

Immediate annuities provide a guaranteed stream of income payments for the rest of your life or for a specific period you select at the time of purchase. You purchase an immediate annuity by making a one-time contribution, and then begin to receive payments from your annuity within the first year.
You may want to consider an immediate annuity if you:

Have a sizable sum of money you wish to turn into dependable income

Need an immediate return from your investment

Want to receive a steady monthly check for the rest of your life

Keep in mind that immediate annuity payments often maintain the same dollar amount throughout the entire pay-out period.

If you've recently had a personal injury claim, you may consider the option of receiving a structured settlement, which is another type of immediate annuity.

Watercraft Insurance:

Being on the water should be fun. Whether you own a personal watercraft or a 40-foot cruiser—knowing that you’re properly insured should give you the peace of mind to relax and enjoy every nautical mile.

You may qualify for some of these credits and discounts:

Credits you may be eligible include:

Account credits (if you have more than one policy insured with a company

Diesel fuel credits

Safety equipment credits

Safety course credits for state boating, as well as Coast Guard and Power Squadron courses.

Talk to us for more information about how you can lower your premium.

Most policies include:

Physical Damage Coverage for your Watercraft, Motor, Equipment and Trailer Coverage is provided for a wide range of hazards including theft, weather, fire and collision. We can provide coverage for you on an Agreed Value or Actual Cash Value basis. Coverage is provided for a wide range of hazards including theft, weather, fire and collision. We can provide coverage for you on an Agreed Value or Actual Cash Value basis.

Liability Coverage  Your financial and property assets are protected if the operation of your boat causes injury or property damage to others. We offer a wide variety of liability limits to meet your needs.
Medical Payments  All friends and family you welcome aboard are covered. We offer coverage for water skiers and wake boarders as well.

Emergency Assistance Coverage  Our policies provide coverage for towing and labor costs when your watercraft is disabled.

Protection that travels with you:

We offer generous navigational limits around the U.S. and Canada. We can also provide some limited extensions of coverage for areas such as the Bahamas and Mexico.

Other Insurance:

We provide many types of insurance:

As independent insurance professionals we can help you find the coverage that best suits your particular needs and provides you with the greatest value.

As independent insurance professionals we can help you find the coverage that best suits your particular needs and provides you with the greatest value. As independent insurance professionals we can help you find the coverage that best suits your particular needs and provides you with the greatest value.

In addition to the insurance products listed above, we are also pleased to provide you an estimate for many other types of insurance including:

Personal Umbrella

Condominium

Renter's

Recreational Vehicles

Motorcycle

Flood Insurance

Long Term Care

Health

Other

Please contact us for more information on any of the above topics.