Frequently Asked Questions
Common Questions Answered For Your Convenience.
What types of events do you specialize in?
.
Do you offer customizable event packages?
Life insurance is typically purchased by anyone who has dependents or financial responsibilities. It can help provide for the financial needs of your family in the event of your untimely death, pay off debts and mortgages, finance future needs like education, and even serve as a financial resource for your family.
3. What are the different types of life insurance?
The two main types of life insurance are term life insurance and whole life insurance. Term life insurance provides coverage for a specific period of time and pays out only if the insured dies during that term. Whole life insurance, also known as permanent life insurance, remains in effect for the insured's entire life and includes a savings component that builds cash value.
4. How much life insurance do I need?
The amount of life insurance you need depends on your personal and financial circumstances. A general guideline is to have a policy that covers 5 to 10 times your annual salary. However, you should consider your current debts, future obligations (like college tuition), and daily living expenses when calculating the coverage you need.
5. What factors affect life insurance premiums?
Factors that can affect the cost of life insurance premiums include the age, health, life expectancy, occupation, and hobbies of the insured. Younger, healthier individuals generally receive lower premium rates. Risky occupations or hobbies can increase premiums.
7. What happens if I miss a premium payment?
Most life insurance policies have a grace period, typically 30 days, during which you can pay the premium without losing coverage. If the premium is not paid by the end of the grace period, the policy may lapse, and you could lose your coverage.