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Insurance Warehouses of America

6200 Metrowest Boulevard , Suite 204
Orlando, FL 32835

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What Are The Benefits Of Life Insurance?

When most people think about life insurance, the first thing that comes to mind is death. But life insurance is much more than just a policy that pays out in the event of a person’s death. In fact, there are many different benefits that come with owning a life insurance policy.

Here are just a few:

Can Provide Peace of Mind for You and Your Loved Ones

Knowing that you have a life insurance policy in place can give you and your family a sense of security, knowing that they’ll be taken care of financially if something happens to you.

In addition to peace, life insurance can also provide financial security for them in the event of your death. If you are the primary breadwinner in your family, your death could leave them struggling to make ends meet. A life insurance policy can help to ensure that they’ll be able to maintain their current lifestyle, even if you’re no longer there to provide for them.

Can Be Used to Pay Off Debts if You Die Prematurely

Another benefit of life insurance is that it can be used to pay off any debts you may have, such as a mortgage or credit card. This can help to ease the financial burden on your loved ones in the event of your death and ensure that they don’t have to worry about these debts.

Can Provide Tax-Free Income if You Become Disabled

If you become disabled and are unable to work, your life insurance policy can provide you with a tax-free source of income to help you cover your living expenses. This benefit can be especially helpful if you don’t have any other sources of income or savings to fall back on.

Can Help Cover the Costs of Final Expenses Like Funeral Expenses

Finally, life insurance can help to cover the costs of final expenses, such as funeral expenses. This can be a huge financial burden for your loved ones if you don’t have a policy in place. A policy from Insurance Warehouses of America in Orlando, FL can help to ensure that they don’t have to worry about how they’ll afford to pay for your funeral.

Contact Us Today

There are many benefits to life insurance, and Insurance Warehouses of America in Orlando, FL can help you find the right policy for your needs. Give us a call today to learn more.

When Employer Life Insurance Isn’t Enough

If your employer offers life insurance, in most cases, you should probably take it, but keep in mind that those employer’s policies might not be your best bet to safeguard your peace of mind and your family’s well-being. Read on to learn how Insurance Warehouses of America helps Orlando, FL residents find the life insurance they need to protect what matters most.

While great, if your employer does indeed offer life insurance, you are probably limited to choosing from a smaller pool of policy options. You should absolutely take advantage of any employer-provided life insurance. Still, you should also think about supplementing that with a personal policy that could follow you around no matter what job you have.

Unlike guaranteed-level-premium life insurance that you may purchase on your own, which costs you the same amount each year as long as you hold the policy, policies provided by employers typically become more expensive as you get older. If you are healthy and at the younger end of the age curve, individual-market insurance is cheaper than premiums to purchase additional coverage under your employer’s group plan. Even if your employer offers you the option of buying additional coverage through a group plan (and only a few employees opt to do so), it usually has a cap that is several times your salary. 

Insurance Warehouses of America can carefully assess how much insurance coverage you and your family will need. Most workers who receive their insurance coverage through work are unsure of where their life insurance will come from if they switch jobs, are laid off, have their employer go out of business, or change their job status from full-time to part-time. We urge Orlando, FL residents to reach out to us today to discover what life insurance is right for you.

Life insurance FAQs

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. 

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