Most of the time when we think of investments, we think of savings accounts and retirement plans. But life insurance is also an important type of investment as well. At Cusack Insurance Agency, serving Oak Lawn, IL, we are here to answer your insurance questions so that you can make the best insurance choices. Keep reading to learn more about life insurance.
Life Insurance FAQs
How Does Life Insurance Work?
Life insurance is a type of insurance product that you pay for during the course of your life. In the event that you pass away, a life insurance benefit will be paid to your family. This benefit can be used to pay for your final expenses and/or to help your family financially.
How Much Will Life Insurance Pay?
The amount of the benefit will vary depending on the policy you purchase. Life insurance policies come in different amounts. The amount you need will be unique to your particular family and situation.
How Much Life Insurance Should I Purchase?
To determine how much life insurance you should purchase, you will need to sit down with an insurance representative. This professional will be able to look at the details of your family and finances to help you figure out an appropriate amount of life insurance. Remember, the amount of life insurance you purchase will depend on your family’s goals, the standard of living, and expectations for the life insurance policy.
When Should I Buy Life Insurance?
Life is uncertain, so there is never a bad time to buy a life insurance policy and start planning for your family’s future.
If you would like to learn more about life insurance, or any of our other insurance products, please contact us at Cusack Insurance Agency, serving Oak Lawn, IL, and the surrounding areas. We will be happy to answer your questions.