Life insurance is one of those things that, unless you are in the insurance business, you probably have little or no knowledge about. That is true for most people. In spite of that, it is something that you need to think about sooner rather than later. In the greater Richmond, VA community, Bacon Insurance Group is your local independent insurance agent. Our team will work with you to make sure you have the right kind and amount of life insurance.
Life insurance FAQs
When should I buy my first life insurance policy?
The simple truth is, before you need it. The reality is that when you are healthy and young, you will get the most choices and the best rates. It is a good idea to start with a whole life policy that will last for your entire life. At this point a term policy might run out while you still need it,
Do I need my own life insurance if I get some from work?
Yes, you do. What if you change jobs, and chances are pretty good that you will. Can you take your life insurance with you? Is it at the best rate you could get for a similar policy and is it the amount you need? You need to be in control of your life insurance.
Can I pick anyone to be my beneficiary?
Yes, you can. Be aware, however, that if you choose a child, they will need to reach their legal age before they are able to access the money.
Is there such a thing as too much life insurance?
If you are struggling to pay your premiums, then yes, maybe you have too much life insurance or, at the very least, the wrong kind. Sit down with your independent insurance agent to discuss your concerns.
In Richmond, VA contact Bacon Insurance Group to discuss what your life insurance needs are.