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Category: Insurance

Momento mori: The importance of having life insurance

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Momento Mori is a Latin phrase meaning "Remember your mortality". This phrase is a reminder to cherish life and what we have been given. Life insurance from OnQuote Insurance is an important part of planning for the future, as it allows us to protect our loved ones in case something happens to us here in Wisconsin or anywhere. 

The importance of having life insurance

Life insurance provides financial security and peace of mind in the event of an unforeseen death. It can help cover the costs associated with funerals, medical bills, last wishes, debt repayment, and more. Having life insurance can also provide a sense of security knowing that our family will be taken care of when we are gone. 

No one knows what will happen in the future; Momento Mori reminds us that life is fleeting and that we should cherish each day we have. With life insurance, we can ensure that our loved ones are taken care of if something were to happen to us unexpectedly. Life insurance gives us the freedom to live our lives without worrying about our families struggling financially if something were to happen to us prematurely. 

Momento Mori encourages us to live life fully and take advantage of every opportunity we have while we still have it. Having life insurance allows us to make plans for our futures without worrying about what might happen along the way. It’s an important step in securing a better future for ourselves and our loved ones.

Consult With Us

To find a life insurance policy that will protect your loved ones in case of your untimely demise, give us at OnQuote Insurance a call today. We are proud to serve Wisconsin and would be happy to help you find a policy to meet your needs and your budget.

Life Insurance: The Essential Items You Need to Know

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Life insurance is a critical component of financial planning, providing security and peace of mind for you and your loved ones. Whether you’re new to life insurance or looking to update your existing policy, OnQuote Insurance is here to help you understand the essential aspects of life insurance in Arizona, Wisconsin, and Illinois.

Life Insurance: The Essentials

Types of life insurance:

There are two primary types of life insurance – term and permanent. Term life insurance provides coverage for a specified period, usually 10, 20, or 30 years. If the policyholder passes away during the term, the death benefit is paid out to the beneficiaries. Permanent life insurance, which includes whole and universal life, provides coverage for the policyholder’s entire life, as long as premiums are paid. Additionally, permanent life insurance policies can accumulate cash value over time.

Choosing the right policy:

The right life insurance policy depends on your individual needs, financial situation, and goals. OnQuote Insurance Wisconsin can help you evaluate your circumstances and guide you in selecting the best policy for you and your family.

Beneficiaries:

It’s crucial to designate beneficiaries for your life insurance policy, as they will receive the death benefit in the event of your passing. Be sure to keep this information up to date, especially after significant life events, such as marriage or the birth of a child.

Coverage amount:

Determining the appropriate coverage amount can be complex, but it’s essential to ensure your loved ones are adequately protected. OnQuote Insurance can help you assess your financial obligations, including mortgage, debts, and future expenses, to determine the right coverage amount.

We Are Here To Help!

Understanding the essentials of life insurance is vital to safeguarding your family’s future. OnQuote Insurance is dedicated to helping you navigate the process in Arizona, Wisconsin, and Illinois and find the right coverage. Call us for more information and take the first step towards securing your family’s financial well-being today.

Life insurance FAQs

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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. 

How Illinois Residents Can Find Coverage For Their Modified Vehicles

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OnQuote Insurance provides coverage to Illinois residents. We are an independent agency. We have a working relationship with several carriers throughout the Midwest. We help our clients find policies designed to meet their unique needs. We can help you find coverage to minimize risks and enjoy a comfortable lifestyle.

How Illinois Residents Can Cover Their Modified Vehicles

Auto insurance helps Illinois drivers enjoy peace of mind while they are out on the road. Collision coverage protects you if your vehicle is damaged in an accident. You are also covered if you are held liable for any property damage or if someone gets hurt. You can inquire about a more comprehensive policy to cover your vehicle if it is stolen or damaged due to a natural disaster. Comprehensive coverage also covers your vehicle if you need emergency assistance.

If you are a car collector, you will likely customize your vehicle in some fashion. Your auto insurance may be impacted by your upgrades. Once you have changed the vehicle, you now have a modified car. Whether you choose to tint your windows or change the suspension, it is classified the same. Many standard auto insurance policies do not cover upgrades unless you amend your policy. If you upgraded your stereo system or installed a navigation system, you can add customized parts and equipment coverage to protect you if those items are damaged.

It may also be a good idea to have your vehicle appraised. That way, you will have a clear idea of your vehicle’s true value if something happens to it. If you plan to drive your custom vehicle less frequently, that could also lead to a change in your policy.

OnQuote Insurance Will Help You Protect Your Assets

Visit our website to learn more information about auto insurance.