Concord, North Carolina

3 FAQs to Offer the Low-Down on Life Insurance October 12, 2017

Concord, Cabarrus
3 FAQs to Offer the Low-Down on Life Insurance, Concord, North Carolina

Are you in the market for a life insurance policy, but not sure where to start? In this case, it helps to understand the most important aspect of this unique coverage. A Better Choice Insurance Company has been providing life insurance to residents of Concord, North Carolina, for years, including the Kannapolis, Mount Pleasant, and China Grove areas. Below, they answer three frequently asked questions about these policies. 

3 FAQs About Life Insurance

Is Life Insurance an Investment?

life insuranceWhile some life insurance policies provide investment options, most are used as risk removal tools. As with auto insurance, your life insurance company assumes a certain amount of risk based on the chance you might pass away unexpectedly. If that were to happen without the right policy in place, your family might suffer loss of income and a significant lifestyle change. If you are looking for an investment opportunity, look to financial tools such as 401(k), IRA, and other investment accounts.

How Do I Know if I Need a Life Insurance Policy?

Consider what might happen to your spouse or children in the event of your sudden passing. Many families without appropriate coverage experience a steep loss of income, which accounts for mortgage payments, education costs, and medical necessities. The right life insurance policy will cover those expenses in the unfortunate event of your passing.

What Types of Life Insurance Are There?

Term life insurance provides coverage for a period of 10, 20, or 30 years, or until the insured individual retires and their dependents are out of the house. This coverage is considered less expensive and lapses if payments are not made on time. Permanent life insurance covers the insured for their whole life. This policy includes universal and whole-life policies, which come with payment flexibility and investment and savings options. 

If you are searching for a trustworthy insurance agency with exceptional customer service, look no further than A Better Choice Insurance Agency. Their expert insurance agents are on hand to answer all of your coverage-related questions. Call them today at (704) 782-2073 or visit their website for more information. 

Other Announcements, Events and Deals from A Better Choice Insurance Agency Inc
3 Signs It's Time to Buy Life Insurance, Concord, North Carolina
In a perfect world, you could delay buying life insurance until you have lived to a ripe, old age. Unfortunately, life is unpredictable, and you shouldn’t wait to get a policy to pro...read more
4 Ways to Make Auto Insurance More Affordable, Concord, North Carolina
Nearly every state has laws in place making it mandatory to carry a minimum amount of auto insurance, and North Carolina is no different. Even though coverage is required, there...read more
3 Steps to Finding the Perfect Auto Insurance Coverage, Concord, North Carolina
Most people who own a vehicle know the importance of auto insurance. But, how do you choose a coverage option right for you? When technical jargon is thrown your way, look to se...read more
How to Find the Best Auto Insurance Rates for Teens, Concord, North Carolina
Sometimes, It can cost a significant amount to add a teen driver to your auto insurance policy, so it pays to search around to find the best deal. A Better Choice Insurance Agency, t...read more