Life insurance can be confusing. It’s not like you can just take a course about how much you should have and the different types that are available. You have to count on your insurance agent to give you the information you need to make an educated decision.  You may have questions and hopefully, we will give you the answers you need in this post. At The Sirover Agency LLC in Wayne, PA we are proactive in servicing the needs of our customers. We believe in the need to keep your insurance updated to meet your current needs. 

Is there a best time to purchase life insurance? 

The ideal time in terms of price is when you are young and healthy. However, it is the time when you will probably feel you need life insurance the least. Don’t let that deter you, think long term. The whole life is what you might want to focus on at this point in a lifetime financial plan. 

Whole life versus term life, what do I need?

The reality is you need both. Term life has a term. You don’t want to purchase it too soon when it really isn’t needed. It is less expensive and is best suited to protecting your children during their childhood. Whole life will be with you throughout your entire life, and it earns dividends that allow you to borrow from it if the need arises. 

Do I need to buy my own life insurance if I get some from work?

Does your employer know exactly how much life insurance you need to protect your family?  Do you plan to stay with this employer for your entire work life?  Life insurance is something best left to you to control. Accept your employer’s policy as a nice addition but not your primary coverage.  

Contact The Sirover Agency LLC in Wayne, PA for all your life insurance needs.