Why get Life Insurance?
Life insurance is one of the most important financial decisions you can make to protect your loved ones. It provides peace of mind, knowing that your family will have financial security in the event of the unexpected. Here’s why having life insurance is essential:
✔️ Financial Protection for Your Loved Ones – Life insurance ensures that your family has the financial support they need to cover daily living expenses, mortgage payments, and other financial obligations.
✔️ Pays for Final Expenses – Funeral and burial costs can be expensive. A life insurance policy can help ease the financial burden on your loved ones during a difficult time.
✔️ Replaces Lost Income – If you are the primary provider, life insurance can help replace your income so your family can maintain their lifestyle and meet future financial goals.
✔️ Covers Outstanding Debts – Life insurance can help pay off debts like mortgages, car loans, and credit card balances, so they don’t become a burden on your family.
✔️ Builds Cash Value (For Whole Life Insurance) – Certain policies, like whole life insurance, accumulate cash value over time, which you can borrow against if needed.
✔️ Gives You Peace of Mind – Knowing that your family is protected provides invaluable peace of mind, no matter what the future holds.
Investing in life insurance is an act of love and responsibility. The right policy ensures that your family’s future is secure, no matter what happens. We can work with to find a plan within your family’s budget .Let’s find the best plan for you today!
Frequently Asked Questions
1. What is life insurance?
Life insurance is a contract between you and an insurance company. In exchange for regular premium payments, the insurance company provides a lump-sum payment (the death benefit) to your beneficiaries upon your passing.
2. How do I know which type of life insurance is right for me?
It depends on your needs and goals. Whole life insurance is best for lifelong coverage and cash value growth, term life insurance is ideal for temporary coverage at a lower cost, and final expense insurance helps cover end-of-life expenses. I will work with you to help find a plan that best fits your needs.
3. How much life insurance do I need?
The right amount of coverage depends on factors such as your income, debts, future expenses (like college tuition), and your family’s financial needs. A common rule of thumb is 10–15 times your annual income but ultimately the amount is up to you.
4. Will my premiums ever increase?
.Whole life and final expense policies have fixed premiums that never increase. Term life insurance usually has a fixed premium for the term length, but if you renew after the term expires, the new rate will likely be higher. Ultimately it depends on the policy you choose.
5. Do I need a medical exam to qualify?
Some policies require a medical exam, while others (such as final expense insurance) offer simplified or guaranteed issue options with no exam required.
6. What factors affect my life insurance rates?
Rates are determined by age, health, lifestyle, coverage amount, and the type of policy you choose. Generally, younger and healthier applicants get lower rates. Quotes are free and I’ll ask some general health questions to see your rates.
7. Can I get coverage if I have health issues?
Yes! While some policies require health underwriting, there are options like final expense insurance and guaranteed issue policies that accept applicants regardless of health conditions.
8. Who receives the payout from my life insurance policy?
You designate beneficiaries—typically family members—who will receive the payout upon your passing. You can name multiple beneficiaries and specify what percentage each receives. You can update your beneficiaries at any time by contacting your insurance provider.
9. How long does it take for a life insurance claim to be paid?
Most claims are processed within a few weeks, but it can take longer if additional documentation is required. Having an up-to-date policy and informing your beneficiaries can help speed up the process. As your agent I will assist the beneficiary through this process.
More Questions?
Contact Me!
Quotes are Free!
AMInsuredLLC@gmail.com
352-321-7507