Call Us (800) 797-2016 ☰ ˟
Logo
Call Us (800) 797-2016
  • Home
  • Products
    • Automobile
    • Homeowners
    • Business & CommercialImage of right arrow
      • Business Owners Policy (BOP)
      • Workers Compensation
    • Cyber Liability Insurance
    • FarmImage of right arrow
      • Crop
      • Farm Equipment Insurance
      • Livestock Insurance
    • Renters
    • Life
    • Supplemental Health Insurance
    • Long-Term Care Insurance
    • Agritainment
    • Artisan Contractors
    • Commercial Agriculture
    • Directional Boring
    • ID Theft
  • Get A Quote
    • Auto
    • Homeowners
    • Renters
    • Business & Commercial
    • Farm
    • Life
    • Long-Term Care
  • Resources
    • Blog
    • Refer a Friend
    • Important Links
    • Insurance Glossary
  • About Us
    • About Us
    • Employee Directory
    • Why Choose an Independent Agent?
    • Insurance in Cincinnati, OH
    • Insurance in Chillicothe, OH
    • Privacy Policy
  • Contact
    • Contact Us
    • Join Our Newsletter
Auto and Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life and Health Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
RV and Boat Icon

Farm

We browse through a wide variety of coverages and find the right one for you.

Learn More
Annuities Icon

Life

We browse through a wide variety of coverages and find the right one for you.

Learn More
Annuities Icon

Long Term Care

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > 4 Questions to Ask Your Life Insurance Agent
WEDNESDAY, OCTOBER 26, 2022

4 Questions to Ask Your Life Insurance Agent

Life insurance is an important policy that works to protect your family from financial hardship when you’re no longer able to do so. Picking the right policy is crucial, as not all life insurance policies are created the same. Before you settle on life insurance, it is important to ask your insurance agent the right questions. 


1. What Type of Life Insurance Policy Do I Need? 


There are three different types of life insurance all geared for separate purposes. These are whole life insurance, term life insurance and universal life insurance. A whole life insurance policy will cover the policyholder as long as they live and payout to the beneficiaries once the policyholder passes away. A term life insurance policy, on the other hand, lasts for a set number of years, or terms. If the policyholder passes away within this term limit, benefits will be paid to their beneficiaries. Universal life insurance policies are a type of whole life insurance policy that allows the policyholder to withdraw cash value while the policy is active. a person sitting at a table using a laptop computer


Everyone’s life insurance needs are different. You may want a policy your entire life or only until you’ve paid off a certain debt. 


2. Who Can I Add as a Beneficiary? 


Beneficiaries are the individuals you can add to your life insurance policy to receive compensation when you die. There may be certain limits to who you may add to your policy, however. In general, it is limited to loved ones and family members such as spouses, children, grandchildren, siblings, etc. Make sure you can add whoever you need to your life insurance policy. 


3. How Much Will It Cost? 


Of course, the cost of your life insurance matters, as well. You don’t want to end up paying too much for not enough coverage. Be sure to compare quotes or use an independent agency that can compare them for you.  


4. How Much Life Insurance Do I Need? 


Just like the type of life insurance varies per person and per family, so do the limits. In general, you will want enough life insurance to cover any debts or expenses you may leave behind that your loved ones could be responsible for. An insurance agent can help you calculate how much life insurance you need to protect your family. 


If you have any other questions, don’t be afraid to ask an insurance agent. 
Posted 1:54 PM

Tags: life, insurance, policy, terms, retirement, whole
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2018

  • insurance(45)
  • coverage(27)
  • policy(18)
  • business(9)
  • commercial(9)
  • homeowners(7)
  • whole(6)
  • retirement(6)
  • life(6)
  • health(6)
  • terms(6)
  • auto(5)
  • care(5)
  • long(5)
  • liability(5)
  • term(5)
  • life insurance(4)
  • bop(4)
  • car(4)
  • owners(4)
  • home(3)
  • ranch(3)
  • livestock(3)
  • equipment(3)
  • accident(3)
  • farm(3)
  • damage(3)
  • requirements(2)
  • builders(2)
  • cyber(2)
  • general(2)
  • flood(2)
  • flood insurance(2)
  • auto insurance(2)
  • risk(2)
  • classic(1)
  • secuity(1)
  • claims(1)
  • general liability(1)
  • liability coverage(1)
  • long term care insurance(1)
  • laibility(1)
  • car insurance(1)
  • bop insurance(1)
  • high(1)
  • vintage(1)
  • costs(1)
  • workers(1)
  • cyber liability insurance(1)
  • online(1)

View Mobile Version

Contact Us Today!
(800) 797-2016

Social Social Social Social Social

Resources

  • Products
  • Pay My Bill
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

Loveland Location

420 W Loveland Ave.
Loveland, OH 45140

Chillicothe Location

106 S Walnut Street
Chillicothe, OH 45601

© Copyright. All rights reserved. | Powered by Insurance Website Builder