Common QuestionsWhat is life insurance?Who should consider a life insurance policy?When is the best time to buy a life insurance policy?Will my premiums increase in the future?How does the application process work for life insurance?
What is life insurance?
Life insurance helps guarantee that your dependents (often relatives or family members) will receive a certain amount of money, or death benefit, upon your death. Beneficiaries can use the money they receive to cover funeral costs, mortgage payments, college tuition, loss of income, and other expenses.
Who should consider a life insurance policy?
If you have family members who rely on you for financial support, or if you have debt that another person will have to assume once you’re gone, you might consider a life insurance policy. A general rule of thumb is to set up a policy that would provide your beneficiaries with 10 to 15 years of financial coverage, but the best way to find the policy that fits your unique needs is to talk to a life insurance agent.
When is the best time to buy a life insurance policy?
Purchasing a life insurance policy is a very personal decision. Life insurance premiums tend to be less expensive at younger ages, but you should only make a purchase once you’ve determined you have a need for it. Life events such as weddings or the birth of a child are good times to review your individual needs and consider the peace of mind life insurance can provide.
No. Your annual life insurance premiums will not increase with policies from LifeCoverage. Your annual premium amount is based on factors such as family health history, age, gender, and more, which are considered at the time you apply.
How does the application process work for life insurance?
With LifeCoverage, the life insurance application process is fast and simple. Simply call 1-855-370-7446 to speak to a licensed agent, or fill in the form to the right.
After you have submitted your form, one of our licensed agents will reach out to you via phone to ask you a few additional questions regarding your personal situation. Your agent will guide you through the entire process, which typically takes under 20 minutes. LifeCoverage agents shop across multiple carriers to find the policy that matches your specific needs.
Once your application has been approved, the finalized policy will be sent to you.
Call 1-855-370-7446 or fill out the form to the right to get started.