Have you ever worried about how your loved ones would get by if you were to pass away before them? Life insurance was created to protect your family after your death. It gives you the peace of mind that:

• Your family can stay in your home even when you’re not there to pay the rent or mortgage.
• Loved ones won’t be stressed by financial worry on top of grieving the loss of a family member.
• Expenses like tuition will be covered for your children.
• Family members who depend on you, such as elderly parents or a disabled sibling, will still receive care in your absence.

Who Should Purchase Life Insurance?

Anyone can buy life insurance to take care of their family. However, we definitely recommend it for our Zanesville clients when they reach these life milestones:

• Getting married
• Buying a home
• Having a child or adopting
• Welcoming grandchildren to the family
• Starting a business
• Coming into wealth
• Becoming seriously ill

The younger you are when you take out a life insurance policy, the more you can set aside for the care of your family after you’re gone.

What Are the Different Types of Life Insurance?

There are three basic categories of life insurance:

1. Term life insurance - protection for a specified period of time
2. Whole life insurance - coverage from the start of the policy until you pass away
3. Universal life insurance - a combination of term and whole life insurance

Term life insurance is often where younger people start when they purchase life insurance, as it’s generally less expensive. A term life policy can eventually be converted into a whole life insurance policy.

Whole life insurance is suggested if you’re approaching middle age or older. It can be more costly, but the value of the policy accrues over time, like an investment. In some cases, you can even borrow against it.

Not Sure Which Life Insurance You Need? Let Our Agents Assist You

It can be confusing to figure out what type of life insurance is right for you and how much coverage to purchase. Unlike those big insurance companies, our independent agents at Jared Reynolds Insurance take the time to discuss your needs in detail in order to tailor a policy to your specific situation.

Independent agents also have many more life insurance products at our fingertips because we work with numerous carriers and aren’t tied to any single company. To learn more about life insurance, call us at 740-588-9090. You can also start a policy online, and we’ll reach out to you to confirm the details. Rest easy knowing your loved ones will be cared for when you aren’t around to do it. Get in touch today.

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