Did you know that September is Life Insurance Awareness Month?
1 in 3 households have immediate trouble paying living expenses if something happened to the primary wage earner. Life insurance ensures that those who depend on you are taken care of financially.
Ask yourself these questions if you’re unsure whether you need life insurance or not:
1. Does somebody depend on you?
2. Do you have young kids or a spouse/significant other that depends on you financially?
If you answered yes, then you should consider making an investment with individual life insurance. And don’t forget about stay-at-home spouses. Should something happen to a stay-at-home spouse, the remaining spouse would suddenly have to take care of everything else their partner does on a day-to-day basis. That’s why it’s essential the parent at home have a policy too.
Many ask: Should I get my life insurance through work?
Many employers will offer basic life insurance to their employees as part of the employee benefits package. This life insurance is usually for a small amount or equal to one year’s salary. This may be enough coverage if you are single with no dependents.
While this is a popular option for a lot of people, the reality is most of us don’t stay at the same job forever, and your life insurance won’t move with you.
There are two main types of life insurance: term and payment.
Many people put off buying life insurance because they don’t know much about it and don’t want to make an uninformed decision. Let us help with that!
Term:
Term life insurance is the simplest form of life insurance. You can choose a suitable cash amount to support your family and a term, anywhere from one to thirty years, and then you just pay a set uniform amount every month for the entire term. This insurance pays only if death occurs during the term of the policy.
Permanent:
Permanent life insurance offers both death benefit protection and a cash value component. It does not have a time limit like life insurance, but lasts for the duration of the insured’s lifetime.
Get coverage today!
The premiums you pay depend heavily on your age and medical history, along with the amount you want the policy to pay out. So, it’s important to seek expert advice before committing to life insurance.
The Satanoff Agency, located in Wayne, PA, is an independent insurance agency based in 41 states across the United States, working to supply our customers with quality assistance and insurance. Our independent agents offer their services to help you as the customer get the unique coverage you need.
To request a quote for individual life insurance, click here and we will have one of our agents contact you.
