Who needs Life Insurance?
Anyone with dependents, human or otherwise, might need life insurance. The only group that may not need Life insurance are those who have raised and educated children that are now living independently, or people who have accumulated sufficient assets to support a surviving spouse.
What type of Life Insurance is available?
“Term” insurance forms the base of every life insurance policy. It’s like renting a safety net: The owner pays a fixed premium toward a concrete payoff over a specified length time. If you die during this time period, the insurance company pays the amount promised in your policy. When the policy reaches its deadline, the coverage ends. Most companies will offer their customer an option to continue coverage but the rate may change.
Whole life offers term insurance’s set payoff for a set premium, except this policy doesn’t come with an ending date. You’ll pay the premium for the rest of your life, unless you decide to cash in and receive the cash value as a lump sum.
When should I get Life Insurance?
If you have dependents and do not have sufficient assets to support them for the remainder of their lives, you need Life Insurance today. Call us at 760-564-3888 or email Jonathan@3rdgenerationinsurance and we will help get you properly insured.
Where can I get Life Insurance?
Life Insurance is not something that you want to be misinformed about. Calling the company directly does not guarantee a lower rate and it can also add to your responsibilities because you are typically responsible for orchestrating your own medical exam and essentially handle your own account.
Your Insurance Agents should provide customer service that walks you through annual statements, untangles payment problems and interprets fine print. If you tend to like the Internet’s no-nonsense quoting capability, be careful. If you buy the wrong plan or choose the wrong company, you probably won’t realize the mistake for 20 years.
Why should I have Life Insurance?
Life insurance provides instant liquidity to meet the financial obligations that are due upon your death. It’s money to complete what you can’t finish. It’s also not taxable income. It also provides comfort in knowledge that even if you can’t be there, your loved one’s will be taken care of.
Let us help you find the covereage that you need in order to keep your family secure. www.3rdgeneratoininsurance.com