Benefits of Life Insurance

No matter where you live, chances are you must purchase some form of mandatory insurance. But one type of insurance that’s often overlooked – but provides ample benefits – is life insurance. You’ve probably heard some of the myths about life insurance – it’s too expensive, healthy people don’t need it, it’s not necessary if you don’t have dependents. Well, you’ll be happy to know that’s not the case at all! In fact, people of all ages benefit from life insurance.

Understanding how life insurance works can be confusing. Don’t do it alone! Contact Focus Insurance in Eureka, MO to set up an appointment with a friendly and knowledgeable agent. With their guidance and expertise, you’ll find a life insurance plan that fits you and your family’s unique needs! In the meantime, keep reading to learn more about life insurance and some of its many benefits.

In general, life insurance consists of two main categories: term life insurance and whole life insurance. Under these two categories, there are various policies that offer different levels of coverage. Want the freedom to change your policy every few years? Consider term life insurance. Often deemed the most affordable option, term life insurance enables you to adjust your policy depending on your current needs. It’s simple and straightforward, making it an ideal option for first-time policy buyers. If you’d prefer a more comprehensive policy, whole life insurance may be a better fit for you. Whole life insurance offers additional incentives such as accumulating cash value, including others under your policy, and a death benefit.

No matter what policy you choose, life insurance provides protection and peace of mind. Call or stop by Focus Insurance in Eureka, MO to discover your perfect plan today!

Is your life insurance policy still valid?

Life insurance is something that many individuals do not realize they need. In actuality, a good life indemnity policy can help your loved ones take care of financial responsibilities that you leave behind in Eureka, MO. Is your life insurance plan still valid, though? Focus Insurance can help you understand your policy.

Does a life insurance plan last forever?

A life insurance policy does not necessarily last forever. A whole indemnity plan is valid throughout the entire life cycle as long as you pay the monthly premium in a timely manner. Term life insurance, on the other hand, only lasts for a period of time. 

Many term indemnity plans cover the policyholder for five to ten years. There are other options that provide insurance for up to 20 years, which may come with higher monthly premiums. 

Why do people choose term over whole life insurance?

Whole life insurance tends to be more involved and expensive than a term indemnity policy. Whole life insurance may require you to undergo a physical exam by a doctor in Eureka, MO. 

Term life insurance is oftentimes granted after answering a few questions. Thus, individuals with health conditions that would disqualify them from obtaining a whole life insurance plan tend to gravitate towards term indemnity coverage. Young adults may also see more benefits in term coverage over whole life insurance as they may get more coverage at a cheaper monthly premium rate. 

Is your life insurance plan still valid?

Your life insurance policy may not be valid if you have term coverage. An agent at Focus Insurance can help you understand your current plan and determine if it is time to purchase a new life insurance policy. Call Focus today to get started with a quote for coverage.

I’m retired. Is it too late for me to invest in life insurance?

Life insurance is not very well understood. Many people aren’t sure of how this insurance works and who needs it? As a retired person, you may feel that it’s too late to invest in life insurance but this isn’t necessarily true. Life insurance can be beneficial to almost anyone. The premise of this type of insurance is quite simple. The ABC’s of how life insurance works are simple as well. Focus Insurance of Eureka, MO wants state residents to understand how life insurance works and the benefits associated with it that are available to people of all ages. 

What is Life Insurance?
Life insurance is insurance coverage that pays your beneficiaries a lump sum of money when you die. This is called a death benefit. The money can be used in any way that your beneficiaries see fit. It is a contract between you and the life insurance company. 

What Are Common Types Of Life Insurance? 
There are four basic types of life insurance. You can invest in whole life, term life, universal life, and variable life insurance. The most commonly purchased life insurance policy is whole life. Whole life insurance is designed to cover the entire life span of the policyholder if the premiums have been paid. Beneficiaries receive cash benefits upon the policyholder’s death. Term life insurance covers a policyholder for s specific number of years or time. If the policyholder dies within that specified period of time, the beneficiaries receive a cash/death benefit. Variable life insurance is life insurance with an investment policy. This insurance policy has both cash value and investment options. It works like a mutual fund. Universal life insurance has a cash value that grows according to the interest rate set by the insurance company. Focus Insurance of Eureka, MO is committed to helping you understand life insurance and its benefits and we’re also committed to helping you choose the best policy for your situation. Regardless of whether you’re a retiree or just starting out, life insurance can create peace of mind. Give us a call. We’re here to help. 

How Much Life Insurance Do I Need

Like most types of insurance, life insurance is not one size fits all. It needs to be tailored to your particular situation and needs. Life insurance is affordable and it provides a very important type of protection to you and your family. For most people, this is a difficult discussion but a necessary one. Life insurance should be a part of overall financial planning and having an insurance agent who knows your situation and whom you trust is vital. At Focus Insurance in Eureka, MO, our clients are like family and we are experienced in helping them to plan for their future. 

In order to determine how much life insurance you need, you must answer a few questions. Who depends on you to provide for them? How much debt do you have? Have you taken care of your final expenses? Do you plan to provide a legacy for anyone? Once you have answered these questions, you will have a better idea of how much money will be required. 

If the people who depend on you include young children, you need to provide for them for a longer time. At a minimum, it is suggested that you have life insurance to equal ten times your yearly income. If you have a mortgage, this is a debt and should be added to the amount you must have. Depending on your age when you start buying life insurance, you may have to revisit the amount that you have purchased several times to keep it up to date with where you are in life.  

If you haven’t already made plans for your family’s future, what are you waiting for? There is no time like today to give the office of Focus Insurance in Eureka, MO a call to sit down and discuss this important coverage. It is never too early or too late to think about life insurance.  

3 Tips for Buying Life Insurance in Missouri

Living in Missouri comes with so many advantages; the great outdoors, friendly people, and great sports. If you’re lucky enough to call Eureka, MO home, then you’ve found your paradise. Now, you’ll want to protect this amazing life you built by purchasing life insurance. Not sure how to get started? At Focus Insurance, we’ve put together three quick tips that will help you navigate the process a little better and show you how to save money on your life insurance policy in the process.

1. Compare Several Quotes

Your first step should be to compare several life insurance quotes. Not all policies have the same coverage and costs, so be sure to go over these factors with an insurance agent to fully understand what you’re getting and for what price. 

2. Bundle Your Policies

To save money on your new life insurance policy, bundle it with your other policies. Insurance companies love to reward their customers and will offer you a discount on your premiums when you bundle.

3. Work with a Reputable Agent

The purpose of life insurance is to financially protect your loved ones after you pass. Once you’re gone, your life insurance policy will kick in and help cover costs like burial expenses, paying off debt, day-to-day living expenses for your family and more. By working with a reputable agent from Focus Insurance, you will be able to find the right policy for your particular circumstances. A trusted agent will answer all your questions and concerns, help you compare quotes, and find ways to save you money on your premiums.

To learn more about purchasing life insurance, contact us today by calling or visiting our office in Eureka, MO. Our friendly agents are standing by to take your call. 

Life insurance as you enter your senior years

Obtaining life insurance when you are first starting out in life makes perfect sense. You will want to provide for your spouse and children should an accident or a fatal disease takes you away from your family. But what about life insurance in your senior years? Focus Insurance serving Eureka, MO would like to explain.

First and foremost a life insurance policy as you enter your senior years is a way to pay for your final expenses. These include funeral costs, paying off any outstanding debts, including hospital and other medical bills, and a home mortgage. In that way, your heirs will not be burdened with paying the cost of such expenses.

Second, a life insurance policy is a great way to leave an inheritance to your loved ones. The payout from a life insurance policy is not subject to probate and thus can be distributed to your beneficiaries relatively quickly after your death. Your beneficiaries can include your spouse, your adult children. Or anyone else you choose to designate, such as a business partner.

It should be noted that the younger you are, the less expensive that your premiums will be. That means that you could use the same life insurance policy that you took out when you were young, adjusting details such as the identity of the beneficiaries and other details depending on your changing life circumstances. The older you are, the more difficult it will be to obtain life insurance, though with professional help it is certainly possible.

For more information on the benefits of life insurance as you enter your senior years, feel free to contact Focus Insurance serving Eureka, MO.

Life Insurance is One of the Easiest Policies to Start

If you’ve ever dabbled in applying for an insurance policy for a car or a home in Eureka, MO, you know there’s a lot of paperwork involved. The property has to be identified, appraised, documented, and referenced with an independent source such as the state DMV or a county recorder’s office. However, when it comes to life insurance, the primary focus of attention is you. And that makes a big difference in setting up a policy.

Everyone should have a life insurance policy for a couple of reasons. First, it helps those left behind deal with your last arrangements, which can be costly with the price of funerals and memorials today. Second, if someone depends on you for financial support, such as family, a life insurance policy gives them a safety net for a while in your sudden passing and unexpected income loss. Finally, it’s your way of helping out specific people in your life you care about.

The actual process of setting up a life insurance policy is fairly easy. Focus Insurance, for example, can start a policy with a Eureka, MO consumer over the Internet or by phone. The necessary information required is easy to transfer by e-mail, and all that is usually required after the fact is a standard blood test. That’s usually handled by a trained and licensed sampler who comes out to your work or home, takes the sample, and closes the application with the medical information from the test. In comparison, it could take days and weeks for property insurance to get resolved, especially if the property is uncommon. To find out more or to get your policy started, give Focus Insurance a call or email today!