Life insurance is something that makes most people have questions. It isn’t something that is talked about a lot and it certainly isn’t something learned in school. Listening to commercials only makes it more confusing. Having an insurance agent you trust can help you to get the answers you need. In Orlando, FL, Insurance Warehouses of America is your independent insurance agent. That means they work for you and making sure you get the right products is their priority.
What is the difference between whole life and term life?
With whole life insurance, you buy the policy for your whole life. The premium doesn’t change and you earn dividends. You can borrow from the policy if the need arises. Term life lasts for a specific number of years. In the end, the policy is gone or it may be continued at a new rate.
Do I need to buy my own life insurance if I get it from my employer?
Yes, you do. What if your employment ends or you get sick? What then. If you own your own policy, you control the insurance. A work policy is a great benefit, but it is just additional insurance. You should have your own policy for what you will really need to have to protect your dependents.
How much life insurance is needed?
Life insurance should allow those you leave behind to maintain the lifestyle they have grown accustomed to. The amount necessary for that is what you should discuss with your independent insurance agent. Your income, age, and number of your dependents all figure into the amount of life insurance you need to have. You also need to be able to afford the policy. Your agent can offer you options to get where you need to be.
Contact Insurance Warehouses of America in Orlando, FL when you need information or have questions about life insurance.