May 2020 - Knight Magee Insurance

Monthly Archives: May 2020

How Much Life Insurance is Enough?

Category : General

How Much Life Insurance is Enough?

Life insurance is a crucial step in planning for your future. Not only can life insurance provide assurance for your family if you are no longer around, there are life insurance policies that offer benefits while you are living.

How much life insurance is right for you?

Based in Richmond, VA, at the Knight Magee Insurance Agency, we understand the life insurance needs of our customers.

The necessity of life insurance depends on your own personal and financial needs. At Knight Magee Insurance we assist and help you determine the type and amount of life insurance that is appropriate for you and your family. Generally, you should consider life insurance if:

  • You have a spouse
  • You have dependent children
  • You have an aging parent or a physically challenged relative who depends on you for support
  • Your retirement savings are not enough to insure your spouse’s future against a rising cost of living
  • You have a sizable estate
  • You own a business

Additional benefits of life insurance other than providing for your loved ones, in case something happens to you include:

  • The cash value earned and borrowed from a permanent life insurance policy can be used to help with large expenses, such as a college education or down payment on a home.
  • The growth of a cash-value policy is tax-deferred — you do not pay taxes on the cash value accumulation until you withdraw funds from the policy.
  • Life insurance can be used to cover funeral expenses and pay estate taxes — consult your tax advisor agent for more information.

The right coverage for you is unique – talk to us today at the Knight Magee Insurance Agency 804-320-0129 and find out how to protect your family and your future with the right life insurance.

 

 


7 Facts About Teachers

Category : General

7 Facts About Teachers that Might Surprise You

“What really makes a teacher is love … for it is love that transforms the social duty of the educator into the higher consciousness of a mission.”

Almost everyone has a story about a teacher who inspired them—the one who made learning fun, ignited a passion for a specific topic, or even pushed students hard to soar beyond expectations.

Those are the teachers we remember; their legacies live on in the professional and personal achievements of those who passed through their classrooms. And they can still inspire, long after the last class.

In honor of Teacher Appreciation Week, which is May 6-10, we thought it would be fun to share a few interesting things we’ve learned about teachers and their dedication—because as any good teacher will tell you, learning is a lifelong journey.

 

  1. There are more than 3 million teachers in the U.S. Public schools have a total of about 3.2 million full-time equivalent teachers, according to federal statistics. Sounds like a lot, until you consider that there are approximately 51 million K-12 students to teach!
  1. The vast majority of teachers are women. The fact that many teachers are women probably isn’t a surprise, but the percentage might be larger than you think: It’s nearly 77%. And more than 54% of principals are women, too.
  1. They probably work more than you realize—and not only in the classroom. We’re all envious of the summer vacations most teachers get, but according to surveys, teachers work an average of 50 hours a week. And they might not have a summer vacation at all: About 30% of them have second jobs.
  1. When they’re not teaching, many teachers are taking classes of their own. Nearly 60% of teachers have a postgraduate degree—in order to advance their careers, additional education usually is required. And unlike training in the corporate world, this is done on the teachers’ own time (and often on their own dime).
  2. They spend their own money in the classroom. When teachers don’t have enough supplies, or they want to provide their students with more, almost all of them (94%) dig into their own pockets. The average cost for teacher-funded supplies? About $500 annually. That’s not pocket change, especially when you consider that teacher salaries average about $55,000 nationally.
  1. Frequently, that support goes way beyond school supplies. More than 65% of teachers in one survey said they had paid for food or covered the cost of field trips for students in need. And 33% have purchased coats, gloves, or other winter clothing for kids in their classes. Clearly, they’re dedicated to more than just education—they want to ensure the well-being of their students.
  1. The best gift isn’t a red apple. Despite the classic image of an apple on the desk at the front of the room, teachers say there are better ways to show your appreciation. Try a gift card for a coffee shop, or to an office-supply store to help with their classroom expenses. If you’re one of the 88% of people who say a teacher has had a significant positive impact on your life, though, the most meaningful thing of all might simply be a heartfelt note saying, “Thank you for doing what you do.”

 

 

 

 

 


Jet Ski and Wave Runner Safety

Category : General

Jet Ski and WaveRunner Safety

 Stay Safe on Your Jet Skis™ and WaveRunners™

 For a lot of people in Virginia, summer means getting out on the water. And you don’t even need a boat to do it. Personal watercraft, such as Jet Skis and WaveRunners, provide a fun and accessible way to enjoy the water.

However, these small, fast and maneuverable watercraft can present their own set of safety issues. So if you’re planning to make waves, let us at Knight Magee Insurance help you out with some safety tips. We want you to be able to hit the water next summer, too!

Make sure you’re following the law

  • In addition to U.S. Coast Guard boating regulations, which operators and passengers must follow (personal watercraft are classified as Class A inboard craft), many states have specific laws regarding personal watercraft such as Jet Skis and WaveRunners. Make sure you are aware of these laws before you hit the water in Virginia.
  • While state regulations vary, they may require the operator to be of a minimum age, complete a safe boating course and/or obtain an operator’s certificate. States and cities may also regulate speed limits, hours and areas of operation.
  • Because they are classified as Class A inboard craft by the Coast Guard, the following items are required on board personal watercraft: An approved personal floatation device for all passengers, a fully charged B-1 type fire extinguisher and a whistle or horn for signaling or warning.

 

Be prepared with safety gear

Other things to have handy on board include:

  • Your owner’s manual
  • A small waterproof first-aid kit
  • Flares, brightly colored cloth or a mirror to use as a distress signal
  • A tow rope
  • Sunscreen
  • A helmet - many personal watercraft injuries are to the head
  • Sunglasses or goggles

 

When you’re on board

First, make sure your kill-switch safety lanyard is attached to your life jacket or wrist, so if you fall off, the engine will stop. And remember, you are required to know and obey the rules of the water. It’s a good idea to take a boating-safety course to learn these rules, as well as other essential knowledge.

Other helpful tips:

  • Know your load limits, and don’t carry more weight than your watercraft can handle.
  • Know where you’re going, and the hazards in that area, such as rocks, pilings, etc.
  • Remain constantly alert for other watercraft, as well as swimmers, divers, water-skiers and people fishing. Don’t operate your watercraft in swimming or fishing areas.
  • Weekends and holidays with high boat traffic can be especially dangerous.
  • Never operate your personal watercraft after dark.
  • Be considerate of others. Noise is a common complaint about personal watercraft, so don’t stay in one location for too long. Also, avoid early-morning rides.
  • Remember, you are responsible for any damage caused by your wake. Avoid creating wakes near other individuals or boats.
  • Finally, don’t use alcohol before or during your time on the water. Your passengers and fellow boaters will be grateful, and you’ll be less likely to have an accident.

We hope to see you out on the water this summer and remember, we can help you get the insurance coverage you need for your personal watercraft. Give us a call today!

 

 


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