Frequently asked questions - Life insurance
Why buy Life Insurance?
Life insurance is meant to replace your monetary “value” to your loved ones or your business once you’re gone. If you have a mortgage, income that would need to be replaced, or taxes that would need to be paid, it can offer a solution.
How much is enough?
The industry rule of thumb is to have enough life insurance to cover all your debts plus fifteen years of income. We work with you to recommend a customized amount and price point that works for your situation.
What’s the “best” kind of life insurance to buy?
The answer is… it all depends! There are different types of life insurance, and each has pros and cons. If you’d like, we can put together a personized plan to fit your needs. Sometimes consisting of several different types and kinds of policies to cover your specific needs and situation.
How is Life Insurance Priced?
Insurance in general works off of two things - AGE and HEALTH. The older you are, the more expensive the insurance is and the worse in health you are the more exoensive the Insurance is. All Life Insurance is "Issue Age" priced, meaning the age you are when the policy issues is the price you "LOCK IN." So buy your policy early, at a younger age, so your premium is less expensive.
How does Hometown Options Insurance get paid?
We work with several life insurance companies — Physicians Mutual, Mutual of Omaha, Forresters Financial, TransAmerica, AIG, Columbian Financial Group, Gerber Life and others. These companies pay us a commission when you buy their product.
How do I get started?
Great question. To learn more, click the link at the top of the page or, if you’re ready to request a quote CLick the "GET A QUOTE" link below.
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