Three priorities to focus on when you purchase life insurance

If you want to choose the right life insurance for your situation, there are a few priorities you should focus on. We can help you make important life insurance decisions at Dobbs & Braddock serving the greater Atlus, OK community. 

Below are three priorities you’ll want to focus on when you purchase a life insurance policy: 

Finding a policy with an affordable premium

Budget carefully when you decide on a life insurance policy. You’ll have to keep up with your premium payments so that you can continue to enjoy the coverage. 

Compare quotes from various life insurance companies so that you can get a premium that is both affordable and competitively priced. 

Making sure that your beneficiaries have enough money if you pass away

The amount of your death benefit is one of the most important decisions you make when you choose a policy. The death benefit on your policy needs to replace your income for your beneficiaries if you should pass away.

Crunch the numbers so that you figure out a death benefit amount that will allow your beneficiaries to maintain their lifestyle without your income. 

Choose the best type of life insurance for your situation

There are various types of life insurance available. It’s important that you understand what these different types of life insurance are and how they work. 

Some of the types of life insurance policies from among which you can choose are term life insurance, universal life insurance, whole life insurance, and variable life insurance. Don’t purchase a policy until you understand the differences between these life insurance types. 

Contact Us Today

Dobbs & Braddock Inc. is a great choice for quality life insurance for consumers in Atlus, OK. Call us or email us and we’ll provide you with a policy quote!

What You Should Know About Life Insurance

When you think of investments, you may just be thinking of savings accounts, stocks, or retirement programs. The truth is, an investment is anything you put money towards now to benefit you later on. This most definitely includes life insurance. At Dobbs & Braddock Inc serving Atlus, OK, we can help you make the best life insurance investments. Keep reading to learn more. 

How Life Insurance Works

Life insurance is an insurance product that you pay for each month. These payments are called premiums. When you purchase the life insurance policy, you will purchase a coverage amount that will be paid to a beneficiary that you will name. This payment will be made to the beneficiary in the event of your death. 

The Need For Life Insurance

Life insurance is something that you invest in now, for the benefit of your loved ones later on. When you pass, your final expenses can be paid for outside of the life insurance benefit. This relieves your family from the financial burden of these expenses. In addition to this, many families also choose to use the benefit amount as a way to ensure that the family can maintain its standard of living and meet financial goals after you are gone. This is a special type of concern if you are an income earner in the family. 

Coverage Amounts

The amount of coverage you need will depend on a few different factors. First, you will want to consider the goal of the policy. If the goal is only to cover final expenses, then you will set a benefit amount for that goal. If the goal is to provide financial security for your family after you are gone, you will need to sit down with an insurance rep to discuss your finances and expectations. 

If you would like to learn more, please contact us at Dobbs & Braddock Inc serving Atlus, OK and the surrounding areas. 

How Does Life Insurance Work?

Life insurance provides peace of mind, offering your family financial security in the event of your death. Some people choose to purchase term life insurance, while others select permanent life insurance, which can be the most expensive plan available. The best way to choose a life insurance policy in Atlus, OK is to understand how life insurance works. Dobbs & Braddock Inc is ready to help you get the answers you need about selecting a life insurance policy. 

How Does Life Insurance Work?

When you purchase life insurance, as the policyholder, you pay regular premiums to the insurance company. This premium secures your rate and plan. 

Life insurance policies pay out the beneficiary in the event of the policyholder’s death, providing financial support to the family. The money can be used to pay bills, medical expenses, funeral costs, college tuition, and more. 

Getting Help to Purchase Life Insurance

The process of buying a life insurance policy can be confusing. Especially when you encounter terms and information you are unfamiliar with. Because of this, it is best to work with a life insurance agent to discuss your options and help you better understand how life insurance works. 

Should I Purchase Life Insurance?

Even if you are someone of optimal health, purchasing a life insurance policy is a good idea. You never know what might happen, and by buying your policy now, you are preparing for the future. The longer you wait, the higher your premiums will be with each passing year. 

Dobbs & Braddock Inc understands the many questions Atlus, OK residents may have regarding life insurance and how these plans work. So call them today to discuss life insurance options and learn more about the protection and coverage these plans offer.