At Gill Insurance Agency, our many Plainfield, IN customers regularly asks many questions about life insurance. That’s why we’ve compiled a list of the most common of these questions and provided meaningful answers.
Is Life Insurance Necessary?
Many people feel this kind of insurance is excessive or unnecessary. But ask yourself this question. Will your loved ones be okay financially if you pass away without a policy? If not, you need to buy life insurance right away to ensure that they can handle life financially after you.
How Do I Choose a Beneficiary?
Pick someone who you can trust to use your life insurance money wisely. A spouse, a family member, children, or even friends can help to make this process easier. In essence, you need to pick someone you know will have your back and minimize any complications.
Do I Have to Share My Health With Them?
Some companies may not ask you to share your health status with them before providing a policy. However, you may find that your payments are much higher than you wanted. Make sure that you fully understand this potential risk before you work with one of these teams.
Should I Get Whole Life Insurance?
Term life insurance is suitable for people who are likely to pass away before the term ends but must be renewed if you want continual coverage. Whole life is more expensive but will cover you until you pass without the need for renewal. The choice ultimately depends on your needs.
We Can Answer Your Questions
If you have more questions about high-quality life insurance, please make sure to contact us at Gill Insurance Agency right away. Our team works with Plainfield, IN residents to help understand their coverage needs and ensure that they are covered.