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Cusack Insurance Agency

5700 W 95th St
Oak Lawn, IL 60453

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The 3 Main Benefits of Illinois Life Insurance

When you are thinking of getting Illinois life insurance, there are a lot of pros and cons going through your mind with this. You may think you don’t need it, or are too young to get it, or have a number of other policies that can cover you or dependents as you age.

At Cusack Insurance Agency, we want Oak Lawn, IL residents to have the coverage they need to feel protected during their life. We can help you to understand how the benefits of life insurance can help you make things better.

Learn more about them here.

End of Life Benefits

The main purpose of any kind of life insurance is to cover the end of life costs. This includes funeral coverage mainly, however it could mean any expense related to that. 

Death benefits can also cover hospital bills or long-term care bills that your dependents will have to pay.

This is the main reason people get life insurance so that their dependents aren’t left with those costs.

Income Replacement

When you have dependents or a beneficiary, they are dependent on you for their quality of life. Death benefits from life insurance can serve as a temporary income replacement for your dependents after you pass.
They can be used for anything from household bills to paying off credit cards, or even outstanding loans. 

Paying for Estate Taxes

There is a cost of living, and a tax for passing away. The federal estate tax is something that you worry about. Life insurance will cover those expenses.

Even if you think that passing away is a long time away for you, having life insurance will give you some peace of mind here. You’ll worry less about the responsibilities you will leave behind when you go.

Get a Quote

When you are thinking of life insurance, there is a peace of mind that comes with this decision. These are just a few of the many benefits of securing life insurance for your dependents. At Cusack Insurance Agency, we help Oak Lawn, IL residents get the life insurance they need so their dependents are covered when they need to be. Call us for a quote today.

Home insurance FAQs

If you’re new to home insurance you may have a lot of questions. Even if you aren’t new to home insurance, you may not really understand what types of coverage home insurance provides and whether or not you are required to have it. Having an independent insurance agent who you trust can make the whole home insurance process a lot easier. In Oak Lawn, IL, Cusack Insurance Agency is here to help you to get to understand what coverage you have and need on your home. 

Am I required to have home insurance?

The state of Illinois does not require that you have home insurance. However, your lender will. If you have a mortgage, you will need to carry home insurance. The lender will tell you the amount of coverage you need to have. 

Why should I have home insurance if I don’t have a mortgage?

Home insurance offers several different types of protection. It covers the physical building itself and any outbuildings on your property. It covers your content, your personal property, whether it is at home or when it is away from home with you. Home insurance provides liability protection in the event you are sued or if someone is injured while visiting your home. If your home is damaged, your loss of use insurance will help you to pay for a place to stay until you can return home. 

Does home insurance cover flooding?

If the flooding is the result of a burst pipe in your home, yes it will. If the flood is caused by surface water, no it won’t.  You need to have a dedicated flood insurance policy. 

f you live in Oak Lawn, ILCusack Insurance Agency is here to provide the information and the home insurance that you need. Stop in or give us a call. 

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