Get The Scoop On Life Insurance

Saturday is National Life Insurance Day, and we want to recognize it by going over the basics of life insurance and how it can make a huge difference to you and your loved ones. It’s actually a pretty big deal, according to Hibbs Insurance President Mike Hibbs.  


“Without life insurance, your family not only has to create a new normal without you, but they have to make financial decisions that could be very devastating to them and change their lifestyle,” Mike says.


So, here’s the deal on life insurance


Who needs life insurance?


 Chances are, you do. Life insurance is beneficial whether you’re married or single, a parent or about to become one, retired or planning for retirement, a homeowner, or even a worker about to change jobs. If anyone depends upon you, then you should consider life insurance.


How much do you need?


Probably more than you think. Figure it out with our handy life insurance calculator.


What is term life insurance?


Term life insurance covers you for a set amount of time, and people purchase it when they know their need for insurance will typically go away—like when their children graduate from college. This kind of policy also usually offers the greatest coverage for the lowest initial investment.


What is permanent life insurance?


Permanent life insurance covers your entire lifespan and can even be cashed out for needs like debts, financial emergencies, or supplemental income during retirement. However, it also typically comes with higher premiums than term life insurance.


How do I purchase life insurance?


You’ve got three options for purchasing life insurance: directly through insurance companies, through your employer as a part of your benefits package, or with the guiding wisdom of an insurance professional.


Call a Hibbs agent today and learn more about your life insurance options so you can find the policy that best suits your needs.