FAQs

Have a question? Find answers to commonly asked questions below.

• Q: So, what exactly is life insurance? • A: Life insurance is a way to help protect your loved ones financially. It provides money to them if something were to happen to you, covering things like living expenses, debts, or future needs. Q: How do I know if I need life insurance?
  • A: If you have anyone who depends on you financially—like kids, a partner, or even parents—life insurance can be a great way to make sure they’re taken care of if you’re not around.
  Q: How much coverage do I really need?
  • A: That depends on your family’s needs, your income, and what you want the insurance to cover. We can go over everything together to find a plan that feels right for you.
  Q: What’s the difference between whole life and term life insurance?
  • A: Whole life insurance provides coverage for your entire life and builds cash value over time, which you can use if you ever need it. Term life insurance offers coverage for a specific period, like 10 or 20 years, and is generally more affordable. Each has unique benefits, and I can help you find the best fit for your needs.
  Q: How do I choose between term life and permanent life insurance?
  • A: It depends on your goals. Term life is great for covering immediate needs, like a mortgage or college expenses, while permanent life (like whole life or universal life) offers lifetime protection and builds cash value. We can talk through what’s most important to you to make the right choice.
  Q: Can life insurance benefit my children or be passed on to them?
  • A: Yes, life insurance is a way to create a legacy for your family. Some policies can grow in value, allowing you to leave a financial benefit for your children or even start a policy in their name for added security.
  Q: I already have life insurance. Do I need to review it?
  • A: Yes, it’s a good idea to review your policy regularly, especially if you’ve experienced life changes. We can look at your current coverage to make sure it’s the best fit, with the right amount and type of protection for your needs.
  Living Benefits and Health-Related Concerns
  8. Q: What are Living Benefits, and why do they matter? • A: Living Benefits let you access a portion of your life insurance money while you’re still alive if you face a serious health issue. This can be a huge help for medical bills or to support your family while you focus on getting better. 9. Q: How would Living Benefits actually help me and my family? • A: They’re there for you if life takes an unexpected turn, like a major illness or injury. Living Benefits help you cover costs and keep your finances stable during tough times. 10. Q: Does every life insurance plan offer Living Benefits? • A: Not all plans do, but I work specifically with ones that include Living Benefits, so you and your family have that extra layer of protection. 11. Q: What kinds of situations qualify for Living Benefits? • A: Living Benefits generally apply to major health events like critical, chronic, or terminal illnesses. Each policy can be different, so I’ll help you understand what qualifies and how it can support you during challenging times. 12. Q: I’m worried about my health—can I still qualify for life insurance with Living Benefits? • A: Yes, there are policies designed for people with health concerns. We can look at options that fit your situation, ensuring you get the protection you need while keeping your goals in mind.
  Cash Value and Financial Flexibility
  13. Q: Can life insurance help me save for future needs? • A: Yes, certain life insurance policies, like whole life or indexed universal life, can build cash value over time. This cash value can be accessed for various future needs, giving you flexibility and added financial security. 14. Q: How does cash value in life insurance work? • A: Cash value is like a savings component within your life insurance policy. As you keep your policy active, the cash value grows, and you can access it later if needed—whether it’s for a big expense or a financial cushion. 15. Q: Can I use my life insurance’s cash value anytime? • A: Yes, once it’s built up, you can access the cash value for whatever you need, whether it’s family expenses, emergencies, or a project you care about. 16. Q: What happens to my cash value if I pass away? • A: When you pass, the primary death benefit goes to your beneficiaries. However, it’s always best to understand your policy details, and I can go over the specifics with you to clarify how it would work for your loved ones. 17. Q: Why should I consider life insurance for long-term financial planning? • A: Life insurance provides more than protection—it helps you build a safety net. By accumulating cash value, you’re preparing for future needs without having to dip into your main savings. 18. Q: How can life insurance help me stay financially prepared? • A: With life insurance that includes Living Benefits and cash value, you have a plan in place for unexpected events and any future goals you may have. It’s about building security for your family and flexibility for yourself. 19. Q: I already have savings—do I still need life insurance? • A: Life insurance can be an additional layer of protection that doesn’t replace your savings. Its benefits, like cash value and Living Benefits, give you flexibility without relying solely on savings. 20. Q: What happens if I want to stop my policy in the future? • A: Many policies allow you to access your cash value or make adjustments if your needs change. I’ll help you understand all options so you’re prepared.
  Annuities and Future Income
  21. Q: What’s an annuity, in simple terms? • A: An annuity is a financial tool that gives you regular income, typically later in life. Think of it as a steady paycheck funded by an initial investment. 22. Q: Are annuities a good choice if I’m planning for future needs? • A: Yes, especially if you want predictable income. I work with options like single premium deferred annuities and fixed premium deferred annuities, so we can find one that fits your goals. 23. Q: What’s the difference between types of annuities? • A: There are a few types, like fixed and deferred annuities. They all provide income, but the growth and timing vary, so we’ll pick one that aligns with your plans. 24. Q: Can I use an annuity for family or legacy planning? • A: Yes, annuities are flexible and can help provide for your family in the future. I can help you explore options that match your goals for leaving a financial legacy or ensuring income for loved ones.
  Reviewing and Adjusting Existing Coverage
  25. Q: Why should I review my life insurance policy if I already have one? • A: Life changes, like getting married, having children, buying a home, or starting a business, can all impact your insurance needs. Reviewing your policy ensures that your coverage is up-to-date and that you have the best protection for your current situation. I can help make sure you’re fully covered. 26. Q: Can I increase my coverage if my needs have changed? • A: Yes, many policies allow you to increase coverage or add benefits over time. I’ll help you explore options to ensure you’re protected at the level that feels right for you. 27. Q: How often should I review my policy? • A: It’s good to review it at least once a year, or any time you have a significant life event. Regular reviews keep your policy aligned with your life changes and financial goals.
  Budgeting and Setting Financial Goals
  28. Q: Can you help me with budgeting? • A: Absolutely! I can guide you on how to organize your budget, identify unnecessary expenses, and create a plan that works for you. Budgeting is a powerful first step toward reaching your financial goals. 29. Q: How can budgeting help me afford life insurance and future protection? • A: Budgeting is all about making sure your money is working for you. By organizing your expenses and cutting out things you don’t need, you can free up funds to invest in long-term security like life insurance. I can guide you on how to set aside money for protection without feeling stretched. 30. Q: How often should I review my budget? • A: Monthly reviews are great to catch any changes in spending, but if you’re just getting started, weekly check-ins can help keep you on track. 31. Q: Are there tools or tips for making budgeting easier? • A: Yes! Many budgeting apps can help you track expenses and save more effectively. I can also show you some easy tips for setting priorities, staying organized, and making budgeting a regular part of your routine.
  Financial Security and Peace of Mind
  32. Q: How does life insurance help with peace of mind? • A: Knowing your family is protected can bring you a lot of peace. Life insurance is there to cover the unexpected, ensuring that your loved ones are financially secure and able to maintain their quality of life if something happens to you. 33. Q: How does having a financial plan affect my family’s future? • A: A financial plan gives your family stability and options, no matter what life brings. It’s a proactive way to care for your loved ones, protect your assets, and create a legacy of security and peace of mind. 34. Q: What if I’m not sure what I need right now? • A: That’s perfectly okay! I’m here to answer any questions, understand your goals, and help you figure out what makes the most sense for you and your family. We’ll take it one step at a time.