Life Insurance

Why buy life insurance? Life insurance offers financial protection for your family or business in case of your untimely death. How will the family make those payments for living expenses that they expected you to make? How could your business survive when the most key individual is not there to make all those important business decisions? The proceeds from life insurance can be used to replace your lost income, pay off debt and funeral expenses, pay for possible estate taxes, and can even be used to leave money for charity.

Which type of life insurance would be best for you? There are two basic types of life insurance: term life insurance, which provides life insurance coverage for a specific period of time (10, 20, or 30 years), and permanent or cash value life insurance, which combines a death benefit with accumulating cash values. Permanent life insurance offers lifetime protection. Term insurance is the most affordable and if your needs are temporary (until your children are on their own, for instance), it might make the most sense. Also some term policies are convertible. This convertibility allows you to exchange your term policy for a permanent one in the future.

How much life insurance do I need? Your needs for life insurance will depend upon how much income your survivors will need, how much you own and owe, and the amount of other life insurance available to you. Also if you are married than both you and your spouse should consider buying life insurance. Let us at the Beard Agency guide you through a life insurance needs calculator to estimate how much life insurance protection you should buy.

Life Insurance Quote Request

Let us at the Beard Agency guide you through a life insurance needs calculator to estimate how much life insurance protection you should buy. Simply fill out the following form and submit it to us or contact our office at 937-773-9522 or toll free at 1-800-696-0158. We will be happy to design a life insurance policy to meet your needs.