Most people don’t think about life insurance until a major event or a significant birthday occurs, which makes them consider what might happen if they are not around. Life insurance was designed to provide funds for family members and other needs in the event of your passing. At Foresee General Insurance Agency Inc. in Harrison, AR, we help individuals acquire insurance for unexpected future events.
When Should You Acquire Life Insurance?
Individuals in their 20s and 30s often feel they don’t need life insurance, but these are the years they start families and acquire debts that would require repayment if something happened to them. If you have a mortgage or other types of loans, you may be required to have life insurance. If you own a business, you should have life insurance to provide funds for the continuity of the business. By the age of 50 or 60, the need for life insurance becomes more evident, and many people decide it’s time to talk to an agent to discuss the matter.
Choosing the Right Type of Life Insurance For Your Needs
A term policy is in effect for a fixed amount of time and at a fixed level of benefit. It is usually the most cost-effective way to acquire life insurance. A whole insurance policy is permanently in effect with a fixed level of benefit. A universal policy is permanently in effect but with a flexible benefit. Premiums for these policies vary significantly.
Choose Foresee General Insurance Agency Inc. For Your Life Insurance Policy
You may have questions about the different types of insurance and what level of benefit you need. Our agency provides many types of insurance and can answer your questions in detail. Contact Foresee General Insurance Agency Inc. in Harrison, AR, today for a no-obligation quote on life insurance to protect your loved ones in the future.