Frequently Asked Questions

Yes it does

48 hours max.

 Yes it does, the state wants to see continuous responsibility.

The amount of life insurance you need depends on several factors, including your income, debts, and the financial future you want to provide for your loved ones. A general rule of thumb is to have life insurance coverage that's 10-15 times your annual income. However, it's important to consider other elements such as:

• Your family’s living expenses: How much would your family need to maintain their current lifestyle without your income?
• Debt obligations: Include mortgages, loans, credit card balances, etc.
• Future financial goals: Education costs for children, retirement savings, or other major expenses.
• Existing assets: Savings, investments, and other life insurance policies can impact how much coverage you need.
• For a more accurate estimate, it's a good idea to work with an agent who can evaluate your individual circumstances and help you determine the right coverage. Life insurance should help provide financial security, so it's important to have enough to cover your obligations and ensure peace of mind for your family.

• Term Life Insurance: This is a type of policy that provides coverage for a specific period, such as 10, 20, or 30 years. It’s generally more affordable but doesn’t accumulate any cash value. It’s ideal if you need coverage for a set amount of time, such as while raising children or paying off a mortgage.
• Whole Life Insurance: This policy provides lifelong coverage as long as premiums are paid. It also builds cash value over time that can be borrowed against or withdrawn. Whole life tends to be more expensive but offers both a death benefit and a savings component.

Choosing the right type of life insurance depends on your needs, financial goals, and budget. If you're looking for affordable coverage for a specific period (e.g., until your children are independent), term life insurance may be a great option. However, if you want permanent coverage with the added benefit of building cash value for future needs or legacy planning, whole life insurance might be a better fit. Consulting with one of our agents can help you assess your situation and determine the best policy.

Yes, most life insurance policies allow you to make adjustments after purchase. You can typically increase or decrease the coverage amount, change the beneficiaries, or convert a term policy into a permanent policy (in some cases). Keep in mind that certain changes may affect your premiums or require a health review. Our agents can guide you through any adjustments to ensure your policy continues to meet your needs.

For term life insurance, premiums generally stay the same for the duration of the term, but if you renew after the term ends, the rate may increase based on your age and health status.

For whole life insurance, premiums typically remain fixed for the life of the policy, but it’s important to check with your insurer for specific terms, as some policies might have additional clauses that could affect your premiums.

Yes, you can still qualify for life insurance even if you have a pre-existing medical condition. However, the condition may impact the premiums you pay or the coverage options available to you. It’s essential to be open and honest about your health history when applying. We work with multiple providers who specialize in offering coverage for individuals with health conditions, so we can help find a plan that fits your needs.

If you miss a premium payment, most insurers offer a grace period (usually 30-60 days) during which your policy remains active. However, if the premium isn’t paid during this period, your policy may lapse, meaning your coverage will be canceled. Some policies may have a reinstatement option if this happens, but it’s always best to keep up with payments. Contact us right away if you're having trouble making a payment—we can help you explore options to avoid losing your coverage.

Yes, life insurance can be used to cover funeral expenses. In fact, many people take out life insurance policies to help cover the costs of their funeral and final expenses. Depending on the size of your life insurance policy, the death benefit can help your beneficiaries manage funeral costs, outstanding medical bills, and any remaining debt, providing them with financial relief during a difficult time.

In most cases, life insurance death benefits are not taxable. Your beneficiaries typically receive the death benefit as a tax-free lump sum. However, if the benefit is paid out over time with interest or if your policy is part of a larger estate, it may be subject to estate taxes. Consult with a financial advisor or tax professional for specific advice regarding your situation.

Even if you're young and healthy, life insurance can still be a good idea. It can help secure your financial future and lock in lower premiums while you're in good health. If you have dependents, debts, or long-term financial goals, life insurance can provide important protection. It’s also a cost-effective way to ensure that you won’t face higher premiums later in life if your health changes.

Applying for life insurance is simple! Start by reaching out to one of our agents, who will guide you through the process. Typically, you’ll be asked to provide personal details, including your age, health information, lifestyle, and financial goals. Depending on the policy, you may need to take a medical exam. After reviewing your information, we’ll present you with the best options based on your needs and budget.