Why Do You Need Life Insurance?
When you have life insurance coverage, you can feel safe in knowing that your beneficiaries will have help with any final expenses and other financial needs they will face without you.
Finding the Right Policy
The right life insurance will depend on your personal and financial situation. As your life changes, your life insurance needs may change as well in order to adapt to your current lifestyle. Events that may require a change in your life insurance policy include being recently divorced or married, the birth of a child, starting a new business, or having a sizable estate.
There are different types of policies you should be aware of in Pennsylvania. An agent at Bush Insurance can help you find the right one for your unique situation. Term life insurance gives you some protection for a specific period. If you don’t have life insurance right now, then this is an excellent place to start. It can be less expensive, and you can choose the time you get coverage. Whole life insurance is permanent and will remain in place for your entire life, as long as you are paying the premiums. Some people can use whole life insurance as an investment opportunity since the policy has a cash value. Universal life insurance is also permanent life insurance, but it is more flexible when it comes to premiums and face amounts. It can also build cash value.
Getting Life Insurance in Pennsylvania
According to the state code, you are required to have a free look period to look over your policy and determine if you want to keep it. This period is ten days following the issuance of the policy. If you don’t want to keep your policy, you can cancel it and get a full refund. There is also a grace period, and you have at least 31 days to fix the account balance before an insurer can cancel the policy for non-payment.
Contact Bush Insurance to get a quote on life insurance.