Getting Life Insurance To Protect Your Family

October 25, 2022

Getting life insurance for your family is a good step toward protecting them and their interests when the worst happens. Protecting your family is the most important responsibility a person can have. Ultimately, life is unpredictable, and you can't guarantee that you'll always be there to provide for them. Investing in life insurance is the best way to mitigate this uncertainty and ensure that the people you love the most will be safe and secure no matter what happens. Once you start shopping for a policy, you may find that it's challenging to determine which one is the best fit for your family.

Getting Life Insurance to Protect Your Family: What You Need to Know

If you're wondering what the best life insurance policy is, consider this guide to finding the right life insurance coverage options.

Get in Touch With an Agent

A licensed insurance agent is your best resource for navigating the various coverage options and policy types. You'll see that there are three primary kinds of insurance to choose from — term, whole, and universal — and each is best suited to a different situation. When it comes to caring for your family's needs, talking to an insurance agent will help you identify your goals, set a budget, and select a coverage option that fits into your life.

Apply for Coverage

Your research, quotes, and conversations with agents should give you a good idea of what coverage your family needs. At this point, you can proceed to apply for coverage with the insurer that seems like the best fit. Different companies may have different requirements for their applications. Still, in most cases, you might have to answer questions about your demographic data, health history, occupation, and earnings. All of this information is in consideration when finalizing your premium's price and determining whether you have approval for coverage.

Complete All Requirements

Finally, once you receive a notice revealing that you have provisionally received approval for coverage, you may need to follow a few additional steps to secure your policy. Sometimes there may be a requirement for  completion of a medical exam. In most cases, this exam confirms the information you provided on the initial application. It will typically entail documentation of your height and weight and a record of vital signs such as blood pressure and heart rate.

About 1891 Financial Life

At 1891 Financial Life we don’t just sell policies, we offer possibilities. We pride ourselves on giving back to the communities that we serve by providing quality and comprehensive insurance solutions. We are a not-for-profit life insurance Society, which means the sales from these financial service products help fund member benefits along with social, educational, and volunteer programs designed to respond to community needs.

Our portfolio is extensive, ranging from various life insurance policies to our MYGA to support your financial needs no matter what stage of life you’re in. For more information, contact us at (855) 804-7424.

Find out how one policy can make a powerful impact.