Term Life Insurance Q&A
- Why should I choose BeyondQuotes?
- Which companies do we represent?
- Is BeyondQuotes licensed where I live?
- Is my information confidential?
- Do you only offer rate quotes?
- How do we choose which companies to represent?
- How much Term Life Insurance do I need?
- What are "level" policies?
- What should be the term length?
- Is it worth insuring my spouse on my policy?
- Can you explain the difference between Term and Whole Life plans?
- I suffer form a pre-existing condition. Can I still be insured?
Applying for a Policy
- How do I apply for Term Life Insurance?
- How do I find the best value plan for my needs?
- What is the waiting period between applying and coverage?
Life insurance is a must for everyone
Life insurance is an asset to own
Your life coverage is probably one of the most important documents and financial planning devices you could own. Deciding on the right plan for your needs will provide you with the peace of mind you need to live a long life knowing that your family will be taken care of when you died.
You are going to spend thousands of dollars over the course of your lifetime on insurance so you want to make sure that you get the right type of coverage.
Analyze your options to take the right decisions
Yes, this is a difficult topic for people to discuss, but it is a necessary one if you plan on providing for your family when you’re gone.
Because choosing the right plan can be a daunting task, you will need to rely on one of the many sources available to help with your decision. You also need to understand what type of life insurance plan is available and how it can work to protect you.
Hire a qualified and experienced agent
You can go and speak with a qualified agent about your current and future needs and they would assist you to find the best plan. You may need a whole life policy or a universal policy that will accrue interest.
An agent will explain to you that as your needs change you may need to change your life insurance policy as well.
A good professional agent would take all the related aspects into consideration. It becomes their responsibility to provide expert opinion and think about the customers first.
Think about it this way. When you are twenty years old, the coverage you have will fit your lifestyle. But the same plan would fail to provide maximum coverage when you are in forties.
As you age you need to adjust your coverage to make sure there is enough security provided for your family. If you develop a good and healthy relationship with the insurance agent, they will go out of their way to make sure that your plan fits your life.
Don't wait too long to get Life insurance
You do not want to wait too long to buy life insurance. The longer you wait, the more money you will put out to get the life coverage you need. As you get older, you may find it harder to get life coverage, especially if you get sick.
Many companies have stipulations on how old you can be in order to secure life coverage. It is best to get the coverage that will fit your needs at twenty-five as well as when you are fifty. That way your premiums will never change even as you get older.
Many employers offer life coverage plans as part of the benefit packages, but you would also want to have a comprehensive policy on the side that is not connected to your employment package. You should also keep in mind that if you have life insurance through your employer, you may have to pick up the premium payments the closer you get to retirement age.
Life insurance will help supplement social security, any investments you have, and other senior retirement options that you have set up.
Explore the options
Never be intimidated by the prospect of obtaining life insurance for you and your family. No one is going to want to worry about how they are going to survive while mourning your death.
Make sure you research every option by speaking to an agent and researching the information on the internet in order to make a decision. Remember that there are scams floating around so you need to take the information from the internet with a grain of salt.
Educate yourself on all of the policies that are available to you so you can choose the best when you go to speak to an insurance agent and you will be able to find the right life policy that ideally suits your requirements.