Understanding Life Insurance Coverage in Washougal, Washington
If you have a family at home, one of the best things you can do to help secure their future is to get life insurance coverage in Washougal, WA. The world is completely unpredictable. A strong life insurance policy ensures that your family will be financially secure in the event of your death.
Getting a life insurance policy can be an extremely personal decision. When shopping for policies, you need to find an independent insurance agency that will treat your family like their family. Here at Mt. Hood Insurance, we understand the importance of family, and we work tirelessly to ensure our client’s families will be protected. We take the time to sit one-on-one with you to hear your story and build a life insurance policy that fits your needs.
If you are ready to learn how life insurance coverage in Washougal, WA can greatly benefit your family, we are ready to help you find the right policy for you.
Call us today at 503-808-1111
What You Need to Know about Life Insurance Coverage
Life insurance is a policy between you and an insurance company that provides a financial benefit to your family or other beneficiaries in the event of your death. Just like with any other insurance policy, you will pay monthly premiums on your policy. In the event of your death, your family, most commonly your spouse, will present your death certificate to your policyholder, at which time they will receive the death benefit payout.
Different Life Insurance Policy Options
The world of life insurance is broken down into two primary categories term insurance and permanent insurance. Both term and permanent life insurance have advantages and disadvantages. Before you begin shopping for a life insurance policy, it is always a smart idea to do research, so you can ask the right questions when it comes time to talk with an independent insurance agent.
Term Life Insurance
Term life insurance is great for anyone seeking flexibility with their life insurance policy. You can get terms from one year to thirty years. Term life insurance also offers the same death benefit you would receive in a permanent policy. Another benefit of going with term life insurance is that your monthly premiums are often cheaper compared to a permanent life insurance policy. However, it is important to note that while premiums may start cheaper on a term life insurance policy, you run the risk of a premium increase every time you renew your policy.
Permanent Life Insurance
Permanent Life Insurance is great for anyone looking for lifelong protection. Permanent life insurance does not have terms; the same policy can last for the extension of your life. Due to its permanent nature, your monthly premiums will often be higher than a term policy, but you get a longer guarantee that your premium will not increase over time. Additionally, permanent life insurance can operate similarly to a home loan because you can borrow from the money you have already paid into the policy.
If you are interested in hearing more about term and permanent insurance coverage, we encourage you to get in contact with us today!
Understanding What Determines Your Whole Life Insurance Premium
For many families getting a whole life insurance policy can be an expensive prospect. With this in mind, you need to understand what life insurance companies look for when determining your monthly premium.
- • Any answers you provide on the policy questionnaire.
- • Any family medical history that may affect your lifespan.
- • Gender (Women often get lower premiums due to longer life expectancy.)
- • Results from a doctor’s visit, including any blood work and lab work done.
- • Location • Lifestyle which includes smoking and drinking habits as well as risky hobbies like sky diving.
many factors go into getting a good premium on your insurance policy. It can be easy to become overwhelmed. Here at Mt. Hood Insurance, we want to provide you with the best life insurance policy while respecting your budget. That is why we do extensive research to find the best policy that fits your lifestyle. Let us take the hard work out of getting life insurance coverage, and contact us today!
Life insurance coverage FAQ
How Much is Life Insurance
Just like with any other insurance policy, a life insurance policy’s cost will vary based on many factors. These can include things like age, gender, and overall health.
Do I Need Life Insurance?
That all depends on your lifestyle. If you are the breadwinner for a family, it is highly recommended you get a life insurance policy if your family loses income due to your passing.
When is the Best Time to Buy Life Insurance?
It is recommended that you get life insurance while you are younger due to the lower premium costs. However, you should only get life insurance coverage when you need it, i.e., starting a family.
Can I Get a Quote for Life Insurance?
Absolutely! We would be more than happy to sit down with you and provide you with all the information you need!
Call us today at 503-808-1111