Life insurance FAQs

Most people don’t know a lot about most kinds of insurance and life insurance is no exception. . If you have lots of questions, you have company. At Blevins Insurance Agency in Lafayette, IN, we have been helping residents in the area since 1998. As independent agents, we are able to work for our customers to find the right life insurance to meet their needs. We also get to know them well enough to know what those needs are. 

When is the optimal time to buy life insurance?

When you are healthy and young, life insurance will be at its most affordable.  But that is not the only time that it makes sense. When you are getting married, having a child, or have just bought a home, these are all times when buying life insurance may be a good decision. You want to buy it before you need it. 

Should I buy whole life or term insurance?

You should probably have both types of life insurance. Term life insurance only lasts for the term of the policy, which can be anywhere from 5 to 30 years. At the end of the term, there is no longer any coverage. Whole life insurance stays with you for your entire life and the premium won’t go up. 

Do I need my own life insurance if I get some from my employer?

If you could guarantee that you will never leave this employer, you might not need your own insurance, but no one has that assurance. Your employer could lay you off or close their doors and then what would happen to your life insurance coverage? Who knows? It is always best to be in control of the decisions that affect your life insurance. 

Contact Blevins Insurance Agency in Lafayette, IN if you have questions about life insurance.