Life Insurance FAQs | Common Insurance Questions Answered

Life insurance is one of the simplest ways to protect your family’s financial future. It’s a contract with an insurance company: you make regular premium payments, and in return, your beneficiaries receive a tax-free lump sum—known as a death benefit—when you pass away. This money can be used to cover everyday living expenses, final arrangements, outstanding debts, or future goals like college tuition.

There are several types of life insurance to consider. Term life insurance offers affordable coverage for a set number of years, while whole life insurance provides lifelong protection and can build cash value over time.

Getting started is straightforward—choose a policy that fits your needs, make your payments, and name your beneficiaries. If the unexpected happens, your loved ones have a financial cushion when they need it most.

Final expense insurance is a type of life insurance designed to cover end-of-life expenses, such as funeral costs, burial fees, cremation costs, medical bills, or other related expenses. Often referred to as burial insurance or funeral insurance, this policy typically offers a smaller coverage amount compared to traditional life insurance, usually ranging from $5,000 to $25,000. It’s an affordable and accessible option, especially for seniors. The goal of final expense insurance is to provide financial peace of mind for your loved ones by ensuring they won’t face a financial burden when handling your final arrangements.

Your premium is influenced by multiple factors, including your age, overall health, daily habits, and the coverage amount you select.

Definitely. Locking in a policy early secures lower premiums, guarantees insurability, and offers protection for future family planning.

Yes. Stay-at-home parents provide essential services like childcare and household management. Insurance ensures these costs are covered and a stable replacement is in place if the unthinkable happens.

Term life offers affordable coverage for a set period of time. Whole life provides permanent lifelong coverage with a cash value component. Deciding between them depends on your long-term goals, budget, and coverage needs. Your agent can help guide you through which option is a better fit for your situation.

A will is a legally binding document that specifies how you want your assets distributed, who will care for your dependents, and how other important affairs should be handled after you pass away. It serves as an essential plan to make sure your belongings, finances, and responsibilities are managed exactly as you wish.

If you don’t have a will, state laws will determine these decisions, which might not reflect your desires. Having a will lets you maintain control, reduces the risk of family disagreements, and provides reassurance that your wishes will be honored and your loved ones protected. Regardless of the size of your estate or your age, drafting a will is a vital part of preparing for the future.

Book your consultation now to receive a customized Needs Analysis from a licensed expert, plus a free will preparation kit to clearly capture your intentions. Don’t delay—protect your peace of mind today because tomorrow is not promised.

You can. Policies for kids offer lifelong coverage and can protect against future health issues. There are also options to add-on child riders onto a parents policy.

Absolutely. Unlike savings that can be tied up in probate or impacted by long-term care costs, life insurance provides your loved ones with fast, tax-free financial support exactly when they need it most.

Everyone’s situation is different, which is why we offer a range of insurance options tailored to fit your individual needs and goals. Here are some of the plans you might consider:

• Whole Life – Dependable lifelong coverage that builds financial stability.

• Term Life – Cost-effective protection designed to suit your budget.

• Children’s Life – Establishing a strong financial start for your child.

• Cancer Coverage – Help managing the costs of unexpected medical treatments.

• Accidental Hospital Plans – Peace of mind for unforeseen emergencies.

• Mortgage Protection – Protect your home and your family’s future security.

• Paycheck Protection – Maintain your income stream when life throws a curveball.

We’re here to guide you through these choices, making sure you find coverage that fits your needs with confidence. Get your personalized quote today.

Some Popular Riders We Provide Are:

• Waiver of Premium: Allows your policy to stay in force without payments if you become disabled.

• Guaranteed Insurability Option (GIO): Enables you to increase your coverage later without needing a medical exam.

• Accidental Death Benefit: Offers additional financial support to your family if death results from an accident.

• Child Rider: Provides affordable coverage for your children as part of your policy.

These riders add flexibility and extra protection, helping ensure your family’s coverage can adjust and grow with life’s surprises.

Living benefits, sometimes called accelerated benefits, are optional features in some life insurance policies that let you access part of your death benefit while you’re still alive. These benefits usually apply if you receive a terminal diagnosis and can help cover medical bills, long-term care, or other financial challenges.

Additional coverages like Accidental Benefits, Cancer, and Critical Illness plans also act as living benefits because they provide payouts while you are alive.

Living benefits offer valuable financial assistance when you need it most, making your policy not only a safeguard for your loved ones after you’re gone but also a source of support throughout your life.

Generally, life insurance death benefits are not subject to taxes. However, it’s a good idea to speak with a tax advisor if you have unique circumstances that might impact your tax obligations.