Life insurance FAQs

Are you a life insurance expert? Probably not. More than likely, you have questions about types of coverage, how much to have, and other important aspects of life insurance. At Preferred Insurance Center in Coldwater, OH,  we want our customers to feel comfortable asking us questions and discussing their life insurance. We are independent agents and our team will work with our customers to personalize their coverage. 

Life insurance FAQs

When should you start buying life insurance?

It is never too early, especially since the rates for young people are the best they will ever be. You don’t need to go crazy, just have enough to make sure your final expenses are covered and any debt that you may have. Whole life insurance may be the best option at this point since it will last your entire life. 

Do you need your own insurance if you get life insurance from your employer?

Simply stated, yes. Can you guarantee that you will be with this employer forever? If you like to change jobs frequently to advance your career, you could possibly be without coverage between jobs. This isn’t necessarily a good thing. Always have at least one life insurance policy that you know will always be with you. 

Can my life insurance be canceled?

Yes, it can. Usually, the only reasons will be that you have not paid your premium, in which case the policy will lapse, or if it is discovered that you lied on your application. 

Do I need to get a physical to get life insurance?

No, there are life insurance policies that don’t require a physical exam but they will likely be more costly than one where you can prove that you are healthy.

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Contact Preferred Insurance Center in Coldwater, OH to make sure you have the life insurance that is right for you.