Have you been looking for a general insurance agency that specializes in health insurance, auto insurance, life insurance, and a range of other types of coverage? The Lighthouse Agency is the beacon you’ve been seeking! Based in Fairfield, the agency serves clients across Ohio. 

Though no one likes to think about why it’s necessary, life insurance is something that everybody needs. Protecting your family and loved ones is paramount, so what are some things to know, regarding choosing a policy?

Any legally competent person, or entity, can serve as your policy’s beneficiary, whether it’s a spouse, a friend, a non-nuclear relative, one of your children, or even a designated charity. Appointing a contingent (e.g. secondary) beneficiary is also wise, just in case something happens to your primary appointee. It is recommended that family income providers carry no less than 10 times of their annual income in life insurance—income replacement is most people’s #1 reason for buying life insurance policies.

Some policies provide coverage for your lifetime, and some only cover you for a certain amount of years, so assessing what kind of coverage is best for you, and your dependents and loved ones, is essential. Term insurance typically offers lower premiums early on, but doesn’t build up the kind of cash value that many people desire for the future—though it is possible to combine cash-value benefits with term insurance. Specifically, term insurance generally covers a period of one or more years, and it only pays out death benefits if you pass away within that time period.

Permanent insurance, on the other hand, has higher premiums, and provides long-term coverage that includes a range of benefits. By asking yourself how much family income you provide, what your children and family’s long-term financial prospects would be without your income, and what paying your estate taxes might entail, you can shop around for the policy that’s right for you—and the Lighthouse team can help you find it. As a family-oriented agency, their staff fully understands the importance of family, and they’re committed to doing all they can to help yours.

Although you surely have many long and happy years ahead of you, don’t wait to acquire a comprehensive life insurance policy! Call the Lighthouse Agency at (513) 860-9100 today. Even if you live to be 102, you’ll be able to enjoy every moment securely in the knowledge that your loved ones are taken care of and all set, no matter what.