What to Look for in a Life Insurance Policy

What to look for in a life insurance policy

Life insurance is designed to be a security blanket for your family. It helps provide peace of mind from knowing that your loved ones can be more financially secure in the event of your death.

Life insurance policies come in all shapes in sizes – just like families. Some families may decide they need $10,000 while others may need $100,000 or more. It is important to know what your financial needs are and which factors are most important to you when evaluating life insurance options.

Know the types of life insurance policies
Deciding how much financial protection you need is the first step. Then, you can choose the type of policy for your family. A term life insurance policy gives you coverage for a period of time while whole life insurance is also known as permanent life insurance because it can last your entire lifetime.

There is no right or wrong life insurance policy, so make sure to find one that best fits your needs.

Choose a reliable company
There are dozens of companies that sell life insurance, but they are not all the same. When comparing your life insurance policy, research various companies and make sure to find one that is trustworthy. Your life insurance policy should make things easier for your loved ones during a tough time in their lives, so be sure to choose a company with a good reputation that will treat them with care.

An easy way to find out how much you may need in a policy is to use a calculator. From there, you can confidently shop for life insurance policies and feel more comfortable that your family can have more financial security.

Life insurance is underwritten by United of Omaha Life Insurance Company. United of Omaha Life Insurance Company is licensed nationwide, except New York. Home Office: 3300 Mutual of Omaha Plaza, Omaha, NE 68175. Companion Life Insurance Company, Hauppauge, NY 11788-2934, is licensed in New York. Products not available in all states. Each underwriting company is solely responsible for its own contractual and financial obligations.

Item #310853

Related Articles

04.09.2018

What to Look for in Life Insurance Over 50

If you are or are close to age 50, you may think you don’t need to worry with life insurance. Or maybe you are interested in more coverage but aren’t sure what the best option would be? The need for updating your life insurance as you age is more important than you might think. Particularly […]

Read Article

04.06.2018

What to Look for in Life Insurance Over 65

As you near retirement age, it’s important to evaluate your life insurance benefits. The need for updating your life insurance at age 65 or over can be important. After all, needs change as you grow older – from your health to your home to your retirement funds. What you looked for in a policy when […]

Read Article

04.04.2018

Whole Life Insurance: What You Need to Know

The average funeral costs anywhere from $7,000 to $10,0001*, so planning how you’ll handle your final expenses is one of the keys to making sure that that your loved ones are taken care of after your death. Help avoid a huge burden on them by devising a plan for your final expenses and more. What […]

Read Article