If you already have your life insurance policy, you may have already talked with your insurance agent regarding the various benefits you will get.
However, just like reading the fine print, you would still have to get all the cards on the table before using your existing policy. Have all the necessary information before trying to utilize the features of the insurance plan in the future.
Here are some examples of some seemingly minor points that your insurance agent may fail to tell you.
You Can Take the Pay Out and Spend It While You Are Still Alive
You can take your life insurance money and spend it while you’re still alive. You do not have to wait for your demise for the money to be released. You can opt to have it released if you need it for hospitalization or medication bills.
Of course, that is if you don’t have a health or medical insurance plan.
It Is Not Limited to Final Expenses
Secondly, life insurance payouts are not limited to final expenses such as burial or interment. Your relatives have the prerogative to pay for your burial expenses or other fees if necessary. However, they are not limited to that.
It Is another Form of Whole Term Insurance Policies
Also, some insurance agents fail to tell you that life insurance is another form of whole term insurance policy. The terms may be interchangeable; however, they still have the same meaning.
It Does Not Only Benefit The Policyholder
Some insurance agents also may forget to explain that life insurance cannot only benefit you upon death. It can also affect your family positively. It can be a great source of income for your family after death.
You won’t have to think about your family’s future after your demise if you have life insurance.
The Closing Statement
With these points, you will better understand the advantages that you can get from your life insurance policy. It’s all about reading the fine print. You will be better off if you know what you are getting yourself into.
At Lapeira & Associates LLC, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (855) 963-6900 or Click Here to request a free quote. Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!
