FAQ's

What is life insurance?

Life insurance is a contract between you and an insurance company, where you pay premiums in exchange for a payout to your beneficiaries when you pass away. The payout, called a death benefit, can help cover funeral costs, outstanding debts, and provide financial support to your family.

How much life insurance do I need?

The amount of life insurance you need depends on your personal situation. A good rule of thumb is to have coverage that’s 10-15 times your annual income. You should also consider any debts (like a mortgage), future expenses (such as college tuition for your children), and your family’s lifestyle needs. We can help you calculate the right amount based on your specific needs.

How long do I need to have life insurance?

The duration of your coverage depends on your goals. If you have dependents who will rely on your income, you may want coverage until they are financially independent. For example, term life insurance is often used to cover the years when your children are still young or when you’re paying off a mortgage. Whole life insurance provides coverage for life, and it can be part of your long-term financial strategy.

Can I change my life insurance policy later?

Yes! Your life insurance needs may change over time. If you get married, have children, or experience significant life changes (like buying a home or starting a business), you may want to increase your coverage. Similarly, if your situation changes and you no longer need as much coverage, you can cancel your policy, and implement a new one with the desired changes. Many insurers allow you to convert certain provisions or change beneficiaries of your policy as needed.

What is the cash value of a whole life insurance policy?

The cash value is the savings component of a whole life insurance policy. A portion of your premiums goes toward building this cash value, which grows over time at a guaranteed rate. You can borrow against it, withdraw funds, or use it to pay premiums in the future. It’s important to note that accessing the cash value may reduce the death benefit or lead to other charges.

Do I need a medical exam to get life insurance?

Almost all of our policies are issued without a medical exam. That’s right! Many of the life insurance options we offer are simplified issue policies, meaning you can often get approved quickly without needing to take a medical exam. However, for larger policies or certain situations, a medical exam may be required as part of the underwriting process. The exam is typically straightforward and includes a health questionnaire, blood work, and a physical check-up.

Can I get life insurance if I have health issues?

Yes! While some health conditions may affect your premiums, there are still options available for people with pre-existing health conditions. If you're worried about being denied coverage, consider working with an agent who can help you find the best policy based on your individual health situation.

How do I choose the best life insurance company?

When selecting a life insurance company, look for a provider that is financially stable, has a strong reputation for customer service, and offers flexible policies to meet your needs. At [Your Company Name], we only work with the top-rated, most trusted insurance companies to ensure you get the best coverage and peace of mind.

Can life insurance be used to cover funeral expenses?

Yes, life insurance can help cover funeral and burial costs, especially with a final expense policy, which is designed specifically for this purpose. Final expense insurance is typically easier to qualify for and provides a smaller death benefit that can be used to pay for funeral-related expenses.

Am I too young to need life insurance?

The younger you are, the more affordable it is to lock in coverage! Life insurance isn’t just for people in their 50s and 60s— it’s for anyone who wants to protect their loved ones and secure their financial future. Leife insurance can fit into your life, no matter your age!