1-833-PROTECT ☰ ˟
Logo
Get A Quote
  • Products
    • Automobile
    • Homeowners
    • Business Owners’ Policy (BOP)
    • Commercial Auto Insurance
    • Pet Insurance
    • Business & Commercial
    • Commercial Umbrella Insurance
    • Small Business
    • Life
    • Recreational Vehicle
    • General Liability
    • Builders Risk
    • Umbrella Coverage
    • Workers Compensation
    • Vacant Land
  • Resources
    • Refer a Friend
    • Blog
    • Insurance Glossary
    • Privacy Policy
    • Job Postings
  • About
    • About Us
    • Contact Us
    • Our Locations
    • Areas We ServeImage of right arrow
      • Bexley, OH
      • Columbus, OH
  • Get a Quote
    • Auto Insurance
    • Homeowners Insurance
    • Pet Insurance
    • Commercial Auto Insurance
    • Business Owners (BOP)
    • Life Insurance 
  • 1-833-PROTECT
Home > Blog > Consider Your Long Term Goals before Buying Life Insurance
WEDNESDAY, OCTOBER 19, 2022

Consider Your Long Term Goals before Buying Life Insurance

It’s time to think about the future. You know the importance of having life insurance, but you may be unsure what type of insurance is right for your needs and your overall goals. For many of today’s average Americans, life insurance seems complex. It does not have to be. In fact, the first decisions you need to make revolve around what you want these policies to do for you specifically. Life insurance, like most types of insurance, is there when you and your family needs it. It pays to look closely at these policies now, though, to determine if it is an effective option for your needs. 


What Do You Want Life Insurance to Do? 


Life insurance policies provide a set amount of money paid out when the person covered by the policy passes away. Having this in place helps to support your loved ones if you are not there to do so. However, depending on where you are in your life, what you need and ultimately what the policy offers may differ. 


If you want life insurance to help fund your family’s needs if you die early, then a term life insurance policy can help. This type of policy is in place for 10, 20 or even 30 years. If you should die during that time, the policy pays a death benefit to your named beneficiaries. They can use those funds to cover expenses, such as paying for the mortgage, meeting day-to-day expenses or covering college education. 


If you want your policy to be there no matter when you die, then you may want to consider a whole life insurance policy. These remain in place throughout your lifetime. When you die, as long as the policy is in good standing (you’ve maintained payments on it), the policy pays a benefit to your named beneficiary. This policy is excellent if you want to leave behind funds for college or to support your estate. 


Work with your insurance agent to better understand the options available to you. Most importantly, consider what your individual goals are for such policies. How can you choose one that really fits your concerns and reduces the risks to your family and loved ones? We’ll help you find the right policy. 
Posted 10:57 AM

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

  • insurance(33)
  • coverage(26)
  • policy(21)
  • business(17)
  • commercial(14)
  • owners(7)
  • homeowners(6)
  • bop(6)
  • auto(4)
  • liability(3)
  • workers compensation(3)
  • general(3)
  • life(3)
  • vehicle(3)
  • accident(3)
  • life insurance(3)
  • recreational(3)
  • whole(3)
  • terms(3)
  • pet(3)
  • commercial auto(3)
  • umbrella(3)
  • group health insurance(3)
  • employee(3)
  • car(3)
  • rv(3)
  • benefits(3)
  • workers(3)
  • retirement(3)
  • deductible(3)
  • compensation(3)
  • auto insurance(2)
  • group(2)
  • personal(2)
  • business owners policy(2)
  • health(2)
  • business insurance(2)
  • home(2)
  • vacant(1)
  • health insurance(1)
  • land(1)
  • general liability insurance(1)
  • vehicles(1)
  • property(1)
  • claims(1)
  • umbrella insurance(1)
  • general liability(1)
  • home insurnace(1)
  • small(1)
  • preparedness(1)

View Mobile Version
Carrier Carrier Carrier Carrier Carrier Carrier
Contact us Today!
Resources Request A Quote Payment/Claim About Us Carriers  Our Locations
Follow Us facebook twitter Instagram></a>
<a href=google
Dublin Office 545 Metro Place South, Suite 250 
Dublin, OH 43017

Ph: 1-833-PROTECT
info@ProtectALLinsurance.com
 
Cleveland Office 6105 Parkland Blvd, Suite 160
Mayfield Heights, OH 44124

Ph: 1-833-PROTECT
info@ProtectALLinsurance.com

  
Logo

Affiliated with: Logo
© Copyright. All rights reserved. Powered by Insurance Website Builder | Affiliated with AIS, LLC.

Licensed in OH, CA, IN, MI, NY, WV

Chat Bubble