Life insurance is something that almost everyone needs to have. If you have loads of money or no dependents, you may be the exception, but for most people, taking care of their loved ones if they die means having life insurance. At OnQuote Insurance in Illinois, we can offer our customers the benefit of our experience and more choices when it comes to insurance products.
When should I start buying life insurance?
That is a personal decision, but it will never be less expensive than it is when you are young and healthy. It is a good time to start thinking about your financial plan for life. A whole life policy is a way to save while you protect yourself. It earns dividends and has a cash value.
Can my life insurance be canceled?
There are two reasons why your life insurance can be canceled. First, you lie on your application, and it is discovered. You need to answer questions honestly and just take the chance that your premium may be a little higher. The second is non-payment, which is the most common. If you are having financial difficulties, contact your carrier and try to work out a deal. It is worth trying.
What is term life insurance?
Term life insurance is coverage that has a term, a number of years that it will be in effect. It does not earn dividends and at the end of the term, you may be able to continue it for a time, but not at the same rate. You need to consider that when you are choosing the term of your policy.
Can I have more than one beneficiary?
Yes, you can, the number you want is up to you. Just make sure that you make it clear whether they are all getting equal amounts or a percentage.
Get Life Insurance Today
Contact OnQuote Insurance in Illinois when you need to discuss life insurance.