Category: Life Insurance

Life insurance is an important way to invest in the future, but many families find it difficult to talk about. One reason is that life insurance is associated with death, which makes people sad and uncomfortable. Despite the discomfort of this topic, though, it’s necessary for adult children to discuss life insurance details with aging parents. Here at Swartz Premier Group Insurance, serving Moberly, MO, and the surrounding areas, we’d like to offer you a few tips on how to handle these conversations. 

Be Compassionate

First, remember to be compassionate during these conversations, even if you’re feeling frustrated with the lack of information. Explain to your aging parents that you only want to have the necessary information available to you so that you can carry out their final wishes precisely. The less stressed you seem during these conversations, the more relaxed others may become. 

Be Realistic About Expenses

You also want to have realistic discussions about expenses. It’s not a secret that everything costs more these days. It’s a good idea for adult children to know how much insurance policies cost so that they can evaluate final expenses realistically. 

Talk About Adjustments

If policies need to be adjusted, it’s important to discuss that as well. Adjusting a policy now could save a lot of stress and heartache later on. The last thing anyone wants is to add more stress to their loved ones after their passing. 

If you’d like to learn more about life insurance, please contact us today at Swartz Premier Group Insurance, serving Moberly, MO, and the surrounding areas.

Life insurance is one of the most important policy types on the market but is, unfortunately, something that Swartz Premier Group Insurance sees too many people passing up on in their lives. If you live in Moberly, MO and feel like you’re not the right age for life insurance, read on to learn more.

You’re Not Too Young For Life Insurance 

When you’re young and finding your place in the world, you might think life insurance is unnecessary. But what happens to your loved ones if you, heaven forbid, pass away? They’re going to be stuck with very costly end-of-life expenses that could be nearly impossible for them to cover.

After all, you might be at the point where you’re looking to start a family. Your partner and little ones deserve that extra protection. Even if you’re not planning a family, your loved ones should have a policy that keeps them safe if you suddenly pass away and are the main earner in the family.

Nor Are You Too Old

On the flip side, you might think that it’s too late for you to get a beneficial life insurance policy. Maybe you’re in your 50s or 60s and think no insurance is available. That’s thankfully not the case. These days, life insurance options for people in their senior years are very beneficial.

For instance, it can provide you with comprehensive coverage based on your age and your health concerns. You’re not blocked out of a policy if you have a chronic or persistent health issue. That’s something to consider if you’re worried about getting older and need help staying strong.

We’re Here to Help!

The thing about life insurance is that it’s never too late or too early to get a policy! The right age for protection is always "now," so please call us at Swartz Premier Group Insurance to find a policy. We have helped many Moberly, MO residents find the coverage that makes the most sense for them.

Whole life insurance policies and term life insurance policies are two different types of life insurance policies that offer different coverage and benefits here at Swartz Premier Group Insurance.

Whole Live vs. Term Life

Whole life insurance is a type of permanent policy, meaning it covers you for your entire life and provides lifelong protection whether you are in the Moberly, MO area or anywhere else. It also accumulates cash value, so you can tap into the funds if needed.

On the other hand, a term life insurance policy is a temporary policy that provides coverage for a specific period of time. Term life insurance does not accumulate any cash value, and after the specified term ends, the coverage ends as well. 

Both types of policies have their own advantages and disadvantages depending on your needs. Whole life insurance offers lifelong protection plus an accumulation of cash value over time but tends to be more expensive than term life insurance in the long run due to added features like cash value accumulation. Term life insurance is ideal for short-term protection since it’s less expensive than a whole-life policy and doesn’t require any additional investment from you, however, there’s no guarantee that you’ll receive anything after the specified term has ended. 

Choosing between these two types of policies boils down to what type of coverage works best for your individual needs and budget. If you need lifelong protection with some added financial security, then whole life may be right for you, but if you only need short-term coverage at an affordable rate, then term life may be best suited for your needs.

Reach Out To Us

For more information, give us at Swartz Premier Group Insurance a call today. We are proud to serve the Moberly, MO area.

Life insurance is important for protecting yourself and your loved ones from unforeseen financial hardship. Swartz Premier Group Insurance serving Moberly, MO offers flexible and comprehensive life insurance policies that allow you to provide for your family in the event of your death. However, it’s important to review your life insurance policy regularly to ensure it still meets your needs and those of your family.

Here are some reasons you should review your life insurance policy every few years:

Your Personal Circumstances May Change

Over the years, personal circumstances often change significantly. This can include anything from marriage to having children and buying a house to changes in income or health status. It’s important to review your life insurance policy to ensure it reflects any changes in personal circumstances.

Your Financial Obligations May Change

You will likely have different financial obligations and goals as time goes on, such as saving for retirement, paying off a mortgage, or sending children to college. Reviewing your life insurance policy regularly can help you ensure that it can accommodate your changing financial needs.

Insurance Needs May Change

As you get older and your life circumstances change, the life insurance coverage you need may also change. It’s important to review your policy regularly to make sure it is sufficient for your current needs, as well as any potential future obligations.

Insurance Rates May Change

Insurance rates can fluctuate over time, so it may be in your best interest to review your life insurance policy every few years to ensure you get the most competitive rate possible.

Secure Your Family’s Financial Future With Life Insurance Today

Residents of Moberly, MO, can trust Swartz Premier Group Insurance to provide their life insurance coverage. Our experienced team will work with you to create an individualized plan and review it regularly so that your financial commitments are always taken care of. Contact us today for more information about our life insurance policies.