Your Questions Answered
Understanding Life Insurance
Get clear, simple answers to your life insurance questions and learn how it can protect your loved ones.
What is Life Insurance and Why Do You Need It?
What Exactly is Life Insurance?
In simple terms, life insurance is a contract between you and an insurance company. You pay regular payments, called premiums, and in exchange, the insurance company promises to pay a sum of money, known as the death benefit, to your chosen beneficiaries when you pass away. Think of it as a way to provide a financial safety net for the people you care about most.
Your Choice!
Why is Life Insurance So Important?
Replacing Lost Income
If you're a primary earner, life insurance can help maintain your family's standard of living..
Covering Expenses
It can help pay for immediate costs like funeral expenses, as well as ongoing bills and future needs.
Providing Financial Security
Knowing your family will be taken care of can bring immense peace of mind.
Leaving a Legacy
It can be a way to provide for future generations or support causes you care about.
Who are the Key Players in a Life Insurance Policy?
The Insured
The person whose life is covered by the policy (that's you!).
The Beneficiary
The person or people you choose to receive the death benefit.
The Policy Owner
The person who owns and controls the policy (often the insured).
The Insurer
The insurance company that provides the coverage.
How Much Life Insurance Might You Need?
The amount of life insurance you need depends on your individual circumstances. Factors to consider include your income, debts, the number of people who depend on you, and your future financial goals for them.
Simple, Affordable Life Insurance to Protect Your Tomorrow
Take the First Step to Understanding Life Insurance.
It might seem like a lot to learn, but understanding the basics of life insurance is a crucial step in protecting your loved ones. Ashley Insurance Agency is here to help you navigate the process.
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