When it comes to selecting the best life insurance options for you and your family, at Staples & Associates Insurance, we understand that it’s a deeply personal experience. No one wants to think about using a policy, but having one in place in the event of the unthinkable is crucial to you and your loved ones.
Be sure that you’re prepared when choosing the best life insurance for you, by asking yourself the following questions before making one of the most important decisions of your life.
Top 5 Questions to Ask About Life Insurance
1. What’s In My Medical History?
For the initial assessment of your life insurance, you’ll need your health records. Get all of the facts about the history of your health in order, and expect to be asked about it.
2. What Term Should I Have?
Term life insurance can sometimes make the process of purchasing life insurance a little less intimidating, due to how flexible, and affordable, it is. Term life insurance provides a straightforward death benefit protection, without cash value or investment component add-ons.
3. How Much Coverage Do I Need?
How much coverage that you need is a crucial question to answer. Typically, the industry benchmark lands at approximately 10 times your annual income, however, this number can vary depending on your circumstances. Imagine how much your family will need to make ends meet over the next 20-30 years, if your income would become unavailable.
4. Do I Have Debt and Dependents?
Your family’s financial security is one of the most important things to consider when choosing a life insurance policy. When making this decision, consider all outstanding debts such as your mortgage, and add that amount to your coverage as well. You’ll want enough life insurance to cover any large debts, and a little extra to give your family a bit to fall back on.
5. Where Can I Find the Best Price?
The best step to finding the best price, is to get a quote today! Prices on life insurance can vary significantly, but most companies will offer flexible payment options, which allow you to pay on a monthly, quarterly, semi-annual, or annual basis.
Are you ready to get started, or have questions about why you need a life insurance policy? The trusted experts at Staples & Associates Insurance can help you update your policy, or get started on a new one that fits you and your family’s needs.
Don’t put it off another day and contact an agent today to get started!