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Navigating the complex world of life insurance can be confusing. To ensure you pick a policy that offers the maximum benefit, the professionals at Western States Insurance Group say you should ask yourself a few important questions when weighing options.  We can provide you with solutions to protect your families, homes, businesses, and additional assets. 

 

3 Crucial Questions to Ask When Shopping For Life Insurance 

1. Why Do You Need Life Insurance?

The first question to ask yourself is why you need life insurance. If you’re planning to protect your family members in case of a sudden death, consider term life insurance. Although different options are available, the plans are typically valid for 10 to 30 years. If you need a policy as part of an inheritance, consider permanent insurance. The option doesn’t include term restraints, so you won’t have to worry about outliving the policy.  

2. What Are the Available Options?

life insuranceIf you choose term insurance, group and individual policies are available. Many companies offer group plans to employees as part of the hiring package. To sign up, most people just need to fill out a health history questionnaire. Coverage costs are deducted from the employee’s paycheck. Because you own the policy, enrolling in individual insurance requires a little more work. Medical exams, a detailed medical history, and background checks are often included in the application process.  

3. How Much Flexibility Do You Need?

There are some term life insurance policies that can be converted to permanent solutions, offering holders more flexibility with changing coverage needs. Some plans place age, time, and additional restrictions on the conversion, so keep in mind your current situation and any anticipated changes when choosing a plan. 

For professional assistance choosing a life insurance policy call (575) 396-1318 today or stop by 212 N. Love Street in Lovington. Visit Western States Insurance Group online to learn more about the available insurance packages.

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