Life insurance is one of the most essential types of insurance but one that is not particularly well understood. It is always good to have an expert to advise you when it comes to who should have it and how much you need to have. At Amy Tounget Insurance Agency LLC in Midlothian, TX, we are an independent agency dedicated to providing our customers with the highest level of service. We will provide the customized service that you require.
If you have questions about life insurance, you are not the only one. Most people don’t know much about life insurance, and before you purchase any, you need some answers.
When is the best time to buy life insurance?
The obvious answer is before you need it. Life insurance goes up in price the older you get and if you have any health issues. The young and healthy get the best rates. But certainly, when you have dependents who count on you, it is a necessity.
Is your work provided life insurance enough?
No, it should not be the only coverage you have. You need to have full control of the amount and type of life insurance in your portfolio. What if you change employers or get a serious illness and are no longer able to work? What will happen to your life insurance? You could potentially lose it and be without coverage.
Can you have anyone you want as a beneficiary?
Yes, the choice of beneficiary is yours to make. Keep in mind that if you choose someone under the age of 18 or 21, depending on the state, they will not be able to collect the death benefit until they reach the age of adulthood. That age is not the same in every state.
Contact Amy Tounget Insurance Agency LLC in Midlothian, TX when you are in the life insurance market or need your current policies reviewed.
