Why do you need life insurance in Kansas?

There are many forms of insurance that the average person in the Overland Park, KS area should consider getting. An important form of insurance to consider getting is life insurance, which pays out a death benefit to the plan beneficiaries if the policyholder passes away. There are various reasons that people here need to get this coverage. 

Protect Those you Care About 

A critical reason anyone will want to have a life insurance plan when in Kansas is so they can protect those that they care about. When you have people in your life that depend on your income and assets for financial resources, it is important to protect this as well as you can. With a quality life insurance plan, you are able to build a policy that will meet their future expense needs. 

Investment Alternative

It is also good to have life insurance as it can be an investment alternative. As you are looking to prepare for your financial future, including whole life insurance into your plan can be helpful. When you get this coverage, some of your payment builds into an account with interest. Eventually, you will be able to liquidate this account and use it for any purpose. This makes it a conservative addition to any financial plan. 

Those who live in the Overland Park, KS area will want to know that they are doing their best to protect those they care about. One great way to do this is by investing in life insurance. As you are looking for a new plan, calling Fortress Insurance Agency is a good starting point. The professionals with Fortress Insurance Agency understand the value of this coverage and will offer a lot of support to help you build an ideal plan. 

Life insurance FAQs

Life insurance is something everyone needs but few people to understand. You can read about it on the Internet but that may not leave you feeling as if you are protected. With an independent insurance agent who has taken the time to get to know you, you can count on getting the information you need to make an educated decision. At Fortress Insurance Agency in Overland Park, KS, we believe in building relationships with our clients that allow us to offer them more choices and sound advice. 

Is there a best time to buy life insurance?

The obvious answer is before you need it. But since there is no definitive time when it will be needed, it is best to be proactive and have it well before you think you might need it. When you are young and healthy, you will get the most bang for your buck so it is a good time to start. 

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

Yes, you do. Can you guarantee you will always work for this company? What if you get sick? Will you be able to keep your policy? Do you want your employer to be in charge of your family’s future?  Think of employer life insurance as the bonus that it is, the frosting on your financial cake. 

How much life insurance do I need?

Only you can answer that question. How much per year will your family need and for how many years? Multiply that by your yearly income and you have a place to start. 

Can my life insurance be canceled?

The most common reason for cancellation is the nonpayment of the premium. Another reason is lying on your application. Tell the truth and pay your premium and you are pretty safe. 

Contact Fortress Insurance Agency in Overland Park, KS when you are ready to discuss your life insurance needs. 

Important considerations to make when buying life insurance

The uncertainty and development of terminal illnesses today have led to an increase in insurance purchasing. Many people in Overland Park, KS consider life insurance policies to protect their families once they’re no more. However, life insurance is a complex topic as there are many considerations to make before making any purchasing decisions. At Fortress Insurance Agency, we recommend speaking to a financial advisor and an insurance expert to help you choose a coverage that meets all your needs.

Your age and gender

When it comes to life insurance, your age and gender determine your premium rates. Insurance companies assume the younger you are, the healthier you are and the lower the chances of death.  Additionally, the younger you are, the cheaper the policy. There is also a belief that females live longer than males.

Health status

A life insurance policy will require you to take a physical exam to determine your health status. Of course, the healthier you’re, the lower your premiums will get. Smoking, drinking alcohol, and other unhealthy habits that affect your body also negatively impact your life insurance plan.

Budget

It’s always essential to know how much you are setting aside for insurance. Think about your present and future needs before making any decisions. The last thing you want is to terminate or abandon your policy due to financial challenges.

Policy duration

How long you intend to pay for your policy is critical in setting your budget. Determine your goals, calculate the time you need to achieve them, and buy a policy that matches that duration.

Feeling confused about which type of life insurance to buy in Overland Park, KS? Worry no more because you are at the right place. Our dedicated team of professionals at Fortress insurance Agency can help you find a policy that matches your needs with all the above considerations in mind. Talk to us.

 

A Guide To Help Kansas Residents Find Life Insurance

Fortress Insurance Agency serves the Overland Park, KS community, and the surrounding areas by offering residents a variety of insurance options. We strive to help our clients find the insurance coverage they need while offering excellent customer service in the process.

Life Insurance

Planning for the future is difficult for several reasons. One of the most painful things to plan for is passing away. While it may be uncomfortable, it’s important that you have a plan in place for how you would like your affairs to be handled after you pass away. With that being said, think about the benefits of life insurance. Life insurance helps you outline a plan for your assets’ future while also providing comfort to your friends and family. The policy will help alleviate some of the burdens that your friends and family may have after you pass away.

While you are researching different policies, it’s important that you analyze the differences between each one. Universal Life has flexible policy options. Whole Life provides coverage through your entire lifespan. Term life provides coverage over a specific time period. You also have the option to customize your policy into something that directly addresses your individual needs.

Obviously, your life may evolve, which should factor into the decision on which policy to choose. For example, while you are single now, that might not be the case in the future. Life insurance can help you ease your future spouse and children’s transition after you have passed away. Even if you have a policy through your employer, it is important to research your own personal coverage.

Fortress Insurance Agency Will Help You Prepare For The Future

We proudly serve the Overland Park, KS community. Contact our office to learn more information about life insurance policies.