Bring up the issue of life insurance at a party, and you won’t be a life of the party anymore. Most Americans shun the topic of life insurance because they think it’s not a priority. But are they right?
Statistics show that about 46% of Americans don’t have life insurance. Most cite they don’t see the need for life insurance, while others think it’s expensive. Unfortunately, misconceptions surrounding life insurance contribute to the increasing number of Americans without life insurance. But with insurance agencies like Mehar Insurance Agency Inc., we continue spreading the gospel truth of life insurance to reduce the number of Americans living without any form of life insurance coverage.
Are you looking for life insurance in Indiana? You need to know about the two common types of life insurance plans. These are:
It cushions you for a particular period. For instance, it can be 10, 15, 20, or 30 years. If you die within the policy period, your beneficiaries receive a death benefit; otherwise, your policy is canceled with no payout.
This life insurance plan covers you for a lifetime as long as you service your premiums. The good thing about this policy is that it can benefit you even when alive. It accumulates a cash value that you can borrow against.
This coverage has other subcategories, including universal, variable, simplified, and guaranteed life insurance.
Most people ask why they need life insurance, yet they don’t have dependents. To note, life insurance isn’t about dependents only. You need life insurance if you:
Now that you see that life insurance is a lifesaver, it’s time to go ahead and get coverage from Mehar Insurance Agency Inc., serving numerous locations in Indiana. Contact us today for affordable coverage.
