Category: Life Insurance

Purchasing a life insurance policy will protect your loved ones in the future. Use the following tips when choosing insurance coverage to benefit your family members.

Family Members

Consider each person who is in your family. Life insurance coverage should adequately provide each member with the funding needed to survive. If your family may expand in the future, be prepared to increase your life insurance coverage as needed. 

Unique Circumstances

Consider this if anyone in your family is facing a challenge that could necessitate more funds. A preexisting medical condition, educational needs, or another financial obstacle may persuade you to seek additional life insurance coverage.

The circumstances that your loved ones are faced with may change throughout the course of your life. For this reason, updating your life insurance coverage when you think it will be beneficial is a good idea.

Products

Term life insurance products and whole life insurance products vary. Compare various insurance types to help you determine which investment is best for you.

If you settle on a term life insurance policy, you will have coverage for a definitive amount of time. You may discover that this type of coverage is beneficial if you have young children or if some of your loved ones are actively attending college or dealing with another expensive situation.

Additional Resources

Contact an agent who represents Maschoff Insurance for more advice. One of our agents who serve Ankeny IA will describe various life insurance products that will protect your family members. You will also receive instructions on how to keep your insurance policy updated in the future.

Consumers should make sure they go through a few important steps when they’re on the market for a life insurance policy to protect their family in the Ankeny, IA metroplex. At Maschoff Insurance, we’re happy to help you through the process of purchasing life insurance. 

The following are four steps to go through before buying life insurance:

Learn about the different kinds of life insurance

You should be familiar with the various life insurance types when you choose a coverage option. Consumers need to determine whether they need temporary-term life insurance or long-term whole life insurance.

Term life insurance pays out a death benefit if the policyholder passes away within a specified period of time. Whole life insurance accumulates value as time goes on while also offering a death benefit until the policyholder passes away. 

Figure out what your family’s life insurance coverage needs are

Consumers should purchase a large enough death benefit so that their dependents can maintain their standard of living if they pass away. 

Choose life insurance providers and request quotes

It’s important for consumers to research the different insurance companies doing business in their area. They can then request a policyholder quote from a few insurance companies they’re interested in buying from. 

Decide on which policy is best for your situation

Consumers can compare quote amounts on policy offerings. They should choose a policy that offers reliable, high-quality coverage for a premium price that they can afford. 

Reach Out To Us

Consumers in Ankeny, IA can rely on Maschoff Insurance for life insurance coverage. If you’re ready to choose a policy, call us to get a quote and learn more about our life insurance product offerings. 

It’s easy to buy a life insurance policy and forget about it. But your life changes over time, and so do your insurance needs. That’s why it’s essential to review and update your policy regularly.

With these developments in their lives, residents in Ankeny, IA need to consider increasing coverage to meet their extra responsibilities.

Updating Your Life Insurance Coverage

Buy a House

If you’re like most people, your biggest asset is your home. You’ve probably worked hard to pay off your mortgage and want to ensure your family is taken care of if something happens to you. An increase in coverage can help ensure they’re not left with debt.

Get Married or Add a Partner

When you say "I do," your life insurance needs to change. You now have someone who is depending on you financially. If you’re in a long-term relationship but not married, your partner may still rely on you for financial stability. Make sure your coverage is enough to support them if something happens to you.

Maschoff Insurance Agency can help you find the life insurance policy that fits your needs and budget.

Have a Baby

A new baby means lots of additional expenses. From diapers and formula to childcare and college tuition, you want to ensure your child is taken care of if something happens to you. Review your policy and ensure you have enough coverage to support your family.

Change Jobs

Some employers offer life insurance as a benefit, but the coverage might not be enough. You may need to update your life insurance coverage if you change jobs. You may need to purchase a policy if you’ve switched to a position that doesn’t offer life insurance.

Give Us A Call

Contact Maschoff Insurance Agency in Ankeny, IA to review your life insurance coverage. We can help you find the right policy to protect your family.

Life insurance matters because it is a gift to your loved ones. Every person has a different need and a different financial situation. That is what makes life insurance so important. At Maschoff Insurance in Ankeny, IA we are an independent insurance agency whose focus is on our customers. By getting to know our customers, we are better able to help them choose the right life insurance products. 

When you are planning your future, your financial future plays an important part in those plans. Financial planning helps you to make sure that not only are you financially stable today but also in the future. It is never too early to think about retirement and having the kind of later years that are free from money worries.

Life insurance has a role in these plans for the future. There is more to life insurance than just the death benefit. The death benefit is there to make sure that if you are not there, your family will be able to continue to live the life they had when you were alive. This means you have to provide the funds they will need to take the place of your income. 

Depending on the type of life insurance you choose, you may also be earning dividends and, in addition to the death benefit, you will have cash value to draw on if you don’t die. This is a double benefit. Especially when you are young and not prone to saving, having a whole life insurance policy allows you to save for the future while having the safety of the death benefit. 

Life insurance matters to your dependents but it also matters for you. Having a plan for the future is the best way to guarantee that you will be financially secure, not only today but tomorrow. 

Contact Maschoff Insurance in Ankeny, IA to discuss your life insurance needs.