Life Insurance Information
Protect What Matters Most.
Death is a tough discussion for everyone to have, especially when it comes to financial concerns. Life insurance is an excellent way to alleviate some stress that may come with the concern of financial stability upon your passing. Adequate life insurance coverage will assure you that your loved ones will be supported financially when you are no longer there to do so.
At Stewart Kriese Insurance Agency Inc., we guarantee that, with the help of our experienced agents, we will be able to guide you in choosing the proper life insurance coverage for your exact, personalized situation. The importance of caring for your family cannot be put into words, and we prioritize that.
Call us at 209-847-8025 or visit our website to get a quote on potential life insurance coverage.
Common Life Insurance Questions
How Does Life Insurance Work?
Upon your death, a certain amount of money, commonly known as a death benefit, is given to a beneficiary of your choosing. This money is there to assist your beneficiary in financially recovering from your loss, as well assure that they are taken care of.
What is Whole Life Insurance vs. Term Life Insurance?
There are two primary types of life insurance:
Term Life Insurance: A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, then the policy does not pay. You will also have to reapply for a new policy if you want to continue to have coverage.
Whole Life Insurance: Whole life policies last for the remainder of your life once you enroll. They will not expire unless you stop paying for them. Additionally, these plans offer cash value investment opportunities, and the cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).
Several more specific policies also exist, including:
Universal Life Insurance
Final Expense Insurance
Group Life Insurance
Individual Life Insurance
Key Person (Key Men) Insurance
Long-Term Care Insurance
Mortgage Protection Insurance
Speak to one of our agents to learn more about which type of policy is best for your needs.
How Much Life Insurance Do I Need?
The amount of life insurance you need is entirely up to you. For example:
If you want a policy to help pay for a child’s college education, then a 20-year term policy might be best for you. You can let the policy terminate at the end of the term, but you can rest assured that if you do die before your child graduates college, this policy will pay for their tuition and other expenses.
Many people tie the value of their life insurance policies to the value of their debts—mortgages, car payments, etc. If you die while these debts are outstanding, then your beneficiary can use the money to settle expenses.
Some people tie the benefit to their income and leave a certain number of years’ worth of their paycheck to their survivors. So, if you were to take your current paycheck and multiply it by ten, then your death benefit will provide ten years’ worth of income to your family.
Essentially, you get to choose your own death benefit. Our experienced agents will make sure that the benefit is sufficient for your loved ones and affordable for you.
How Much Does Life Insurance Cost?
A life insurance premium differs from person to person. Factors such as age, income and coverage are some of the aspects included in premiums.
The affordability of a life insurance policy is, oftentimes, a chief concern among people. The important thing to note is that our agents will assist you in selecting adequate coverage no matter where you are in life or what your unique situation is.
Contact us to learn more about life insurance or request a free quote now.