3 Questions to Ask When It Comes to Life Insurance

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What to ask yourself before getting life insurance.

 

Generally, your life insurance needs will fluctuate throughout your lifetime. Buying a term policy early in your career or taking a basic employer-issued insurance policy is a common course of action. However, deciding how much and what type of life insurance you need at each stage in your life will help you and your loved ones more than you may know. When looking to find the right life insurance, here are a few questions to first ask.

 

Who depends on me?

If you have children, aging parents, siblings, or people in your family with special needs, you may benefit from taking out a life insurance policy. While you may not always need a permanent policy with the most coverage, you can benefit from a term policy, which provides coverage for a set period of years.

 

How much insurance can I afford?

Generally, life insurance is much more affordable than people believe it is. A term life insurance policy that covers your loved ones is an inexpensive option. The younger and healthier you are when you take out coverage, the better the rate you can lock in.

 

How healthy am I?

People in great health who have a little wiggle room in their budget may want to consider a combination of term and permanent life insurance coverage. Your clean bill of health will keep premiums for both types of coverage lower than if you have major health issues. You never know what is around the corner, so consider securing life insurance when you have great health.

 

For more information about selecting the right life insurance policy to suit your growing family in Phoenix, Arizona, contact the team at American Premier Insurance. As life insurance experts, we’re able to walk you through the process of selecting the right policy to meet your needs.