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Life insurance isn’t the prettiest topic on earth, but you need it if you want to protect your future. Since life insurance can be complicated, it’s vital to understand the basics before taking the plunge. As your trusted insurance in Middletown, NY, EverGreen Insurance Agency has compiled a FAQs section to help you understand life insurance better.

What is life insurance?

It’s a contract between you and the insurance company to pay your beneficiaries when you die. On your part, you have to keep paying premiums as long as the policy is in place.

What are the different types of life insurance?

Term insurance is the most common because it’s affordable. This life insurance plan remains in effect for a certain period of, let say, 15, 20, or 30 years as long as you pay your premiums. Whole life insurance remains in effect for the rest of your life. Your beneficiaries receive death benefits when you die, although this insurance policy accumulates a cash value that you can use when alive.

Who needs life insurance?

Of course, not everyone needs life insurance, but most do. If you have dependents, you definitely need life insurance to care for their financial needs when you are long gone. Additionally, you need life insurance if you:

  • Have debts
  • Want to finance your final expenses
  • Own a business
  • Are a stay-at-home parent

If you are also young, this is the best time to buy life insurance because you are considered less risky. Ultimately, purchase life insurance when it’s affordable and scale up your life insurance policy as your life changes.

Where can I buy life insurance in Middletown, NY?

Looking for life insurance to protect what matters most? Your search has ended. Let EverGreen Insurance Agency be your life insurance partner. We will advise on the best policy for you based on your budget, lifestyle, and other unique needs.