While
many people do not like the topic of general insurance, life insurance tends to
put them off on a whole new different scale. As much as death is inevitable,
many of us have refused to accept the fact that it will surely come. So help
better explain this avoidable subject, we decided to do an interview with some
of Greater National Group’s insurance experts. Here are some of the questions
they provided answers for.
Who Needs and Does Not Need Life Insurance?
Anyone
with a dependent is an ideal candidate for life insurance. By dependents we
mean spouses, children, and sometimes elderly parents. Young and single
individuals do not necessarily need life insurance because they have no
dependents – someone to care for.
How Can Someone Know the Exact Type of Life
Insurance to Purchase?
The
truth is that temporary insurance is able to meet most people’s needs. The premium
is less expensive than permanent life insurance. Just like a commodity, it can
be bought form a very wide range of top rated insurers. Unlike permanent life
insurance, it is relatively easy to understand.
How Can Someone Know the Amount of Coverage they need?
With
life insurance, the primary focus is your dependents. So the amount of income
they will need when you are no longer able to support them should be the
determining factor.
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