Category: Life Insurance

Getting life insurance is important for your family’s financial future. At Melvin Gessner Insurance Agency, we sell consumers in Willis, TX life insurance policies that allow them to be prepared for the uncertainties of the future.

When consumers buy life insurance, It’s important for them to avoid mistakes that could lead to negative consequences for their families down the road.

The following are four rules to follow when you buy life insurance:

Learn about the different kinds of life insurance before choosing one

Understanding different types of life insurance is crucial before buying a policy. When you understand the features of different policy types like term and whole life insurance, you can decide what type of policy is best for your family’s unique financial situation.

Take the time to assess your life insurance needs

You need to calculate the right amount of coverage for your family. Making the right decision about how much coverage you need requires you to calculate the future expenses of your beneficiaries.

You want to purchase a policy with enough coverage to allow your surviving beneficiaries to maintain their lifestyle and stay comfortable financially for as long as they are dependent on your income.

Provide accurate information when applying for life insurance

Make sure that all the information you put on life insurance applications is accurate and truthful. Leaving out important information or including misleading information could make it so that a claim on your policy is rejected down the road.

Discuss life insurance with beneficiaries

If there are adult beneficiaries on your policy, you should inform them when you take out a life insurance policy. This way, they’ll know that a claim needs to be filed if you pass away unexpectedly.

Consult With Us

We’re here to assist you with all your life insurance questions. Call us at Melvin Gessner Insurance Agency to learn more about life insurance and to get a quote on a policy that will protect your family in Willis, TX.

If you are in the Willis, TX area, there are various types of insurance that you will need to have. One of the most important forms of coverage that someone here will need to get is life insurance. This type of insurance is important as it can be used to provide long-term financial protection and support for your dependents.

When you are building a life insurance plan, there are various factors to consider.

Amount of Coverage

An important factor to consider is the amount of coverage you need. Ultimately, you should have life insurance that will help to provide financial support for your dependents. You should consider their long-term housing, education, retirement, and other costs and then compare them to your current savings. This can be a good guide to determine how much insurance you should have in place.

Length of Coverage

You also should consider how long you will need to have life insurance. Life insurance plans are long-term and can be in place for 25 years or longer. There are also whole life insurance plans that can be in place for the rest of your life. It is important to assess how long of a plan you need. Longer-term plans offer coverage for longer but may have higher premiums.

Give Us A Call

Choosing a life insurance plan in the Willis, TX area is always a good idea and a big decision. If you are going to evaluate your options, calling the team with the Melvin Gessner Insurance Agency is a good way to start. The professionals with the Melvin Gessner Insurance Agency can give the guidance you need to build a plan. We can help you determine how much coverage you need and the type of policy that is right for your situation.

If you need life insurance, there are two main types to choose from. These are term life and whole life. Each of them works very differently, so it’s important to know the differences between them. When you need to get a life insurance policy of your own, call us at Melvin Gessner Insurance Agency in Willis, TX. 

Two Types of Life Insurance

Whole Life Insurance

Whole life is a type of policy that stays in effect for the rest of your life as long as you keep paying the insurance premiums. When you keep the policy, it doesn’t expire. It keeps protecting you no matter what your age. This type of life insurance is more expensive, but it comes with a helpful benefit. When you keep the policy for a few years, a small amount of the part that you pay in premiums will accrue a cash value. When this happens, the cash value continues to grow over the years. When there is a cash value there, you can borrow against that amount if there is a need for it. This can help you in financial emergencies. 

Term Life Insurance

When you have a term life insurance policy, the insurance is only good for that term. This may be 20, 25, 30 years, etc. Once this term is completed, the insurance expires. When this happens, you have to reapply for insurance in order to be covered again. One of the benefits of this type of life insurance is that is less expensive than whole life policies. Many people choose it because it can be very reasonably priced for those who are in good health. And, the policy price stays the same throughout the term. 

Get Your Policy

When you have a family, it’s important to have life insurance. Call us at Melvin Gessner Insurance Agency in Willis, TX.