Why is Life Insurance important? Life Insurance is designed to help you and your loved ones cope with the financial burden of unexpected natural events.
For what reasons would I purchase a Life Insurance policy?
to pay for outstanding medical bills/mortgage payments, etc.
loss of income
funeral costs
birth of a child or grandchild
How much Life Insurance do I need? How much money will it take to pay off the mortgage or outstanding debts? If you would like assistance with your Life Insurance needs planning, please contact our Benefits Specialists at 1-877-547-6257.
Can I name more than one beneficiary for my Life Insurance policy? Yes. Most applications ask you to name a primary and a contingent beneficiary. It is important that you name at least one if not two beneficiaries as the proceeds of the policy will be paid to your estate if none are named. If there isn’t a beneficiary named, the insurer is forced to place the proceeds in your estate which are then tied up until the estate is settled.
When purchasing Life Insurance, am I required to have a physical? Most individual Life Insurance carriers do require that a physical be performed for certain amounts of insurance.
