Part of financial planning for the future means securing life insurance in Antioch.
When you’re planning ahead for your family, you’ll think about what they need this week, next month, in a couple of years… But do you ever consider what they’ll need once you’re gone? It’s a morbid topic for anyone, we understand that, but planning ahead is best for your family. Life insurance in Antioch can help to pay for expenses for your family when you’re no longer there to do so.
If you’re stumped on how to pick the right policy for your needs, read on.
Determine if you need it. Most people need life insurance. However, those without any dependents and enough cash to cover their remaining expenses may not need any coverage.
Review policy options. There are a couple of different policy options that you can select.
- Term life insurance is for a limited time such as 10, 15 or 20 years. The premiums are guaranteed for that time.
- Universal life insurance is a form of permanent life insurance. It is flexible and allows you to lower or increase your coverage and premium over time.
- Whole life insurance is another subset of permanent life insurance. It provides lifetime coverage and builds cash value. The value functions as a savings account that may be tax-deferred.
Calculate costs. Take a look at your expenses, including your remaining debts and potential funeral costs. You’ll want to ensure that your life insurance policy covers your family’s expenses. Talk to your agent about finding the optimum amount for your needs.
Understand the policy. Before you sign on the dotted line, ensure that you understand the coverage, terms, and length that you’ll be securing your policy!
Assess often. Once you’ve obtained your life insurance policy, be sure to review it often! As your life changes, your policy will need to be updated to fit your current needs.
Talk to the expert insurance agents at Jack Stone Insurance Agency for a reliable life insurance policy that meets your needs and budget. Serving Brentwood, Antioch, and surrounding cities in California, contact us today!