Life Insurance

Michigan Life Insurance

Life insurance is the best way to protect your family when you pass away. Instead of leaving them with your debt and bills, they will receive money that provides them with stability. This money can cover your funeral costs and bills and help them make it through each day. By purchasing a life insurance policy, you are taking a step to prepare for the future.

Hartman Insurance Agency understands how important your loved ones are to you and how you want to ensure they are taken care of when you are no longer here. Therefore, we will help you find the life insurance protection that fits you and your family’s needs. Whether you need basic coverage or something with more coverage, we can find a policy for you.

The Types of Life Insurance Available Through Hartman Insurance Agency

There are two main types of life insurance, which are referred to as permanent and term life insurance. Permanent life insurance lasts your entire life, and term life insurance only lasts for a certain period, such as 10 to 30 years. However, the term can be converted to a permanent insurance policy. Both insurance types sometimes require in-person medical examinations, but it is worth ensuring that your family and loved ones are set when you pass away.

You may be wondering if you should choose a term or permanent insurance policy, but many factors go into making this decision. A professional and experienced insurance agent will look at your finances and goals to determine the level of protection you should select.

When to Start Considering Life Insurance

Any time is a good time to start considering life insurance. However, most people start thinking about purchasing life insurance when a significant event happens. For example, some people decide to purchase life insurance when the following occurs:

Michigan Life Insurance FAQs

What is Life Insurance, and How Does it Work?

Life insurance is a specific contract with an insurance company. When an individual with life insurance dies, the insurance company gives their beneficiaries money from the policy. Life insurance aims to protect the family members you have named after you pass away. For example, if you have children, you will want to name them as your beneficiaries to ensure they are financially protected when you are no longer alive.

At What Age Should a Person Start Thinking About Life Insurance?

The younger an individual starts thinking about life insurance, the better. This is because unexpected events happen all the time that result in death. Therefore, people between the ages of 20 and 35 are ideal for life insurance. If you continue to wait, the cost can increase the older you become.

Is Life Insurance Worth It Even If I am Single?

Life insurance is worth it if you have a family, spouse, or close loved ones that you want to ensure are protected when you die. This type of insurance will support your close loved ones after you pass away and can no longer support them. Life insurance is also worth it if you are single. You do not want to leave these costs to your parents, siblings, or other family members should you die at a young age.

Does Life Insurance Cover Funeral Costs?

Yes, life insurance typically does cover funeral costs. Therefore, you should consider purchasing life insurance if you do not want your family to be financially responsible for your funeral when you pass away.

Can You Cancel Life Insurance Once You Have Started It?

You can cancel your life insurance at any time. However, it is important to realize that once you cancel your life insurance, you will most likely lose the death benefit. The premium payments you have already made will sometimes be lost as well.

How Much Life Insurance Do You Need?

It can be difficult to decide how much life insurance you need. You can estimate by looking at important factors, such as how much your family will need to have a comfortable lifestyle after you pass away. You should also consider inflation and how the cost may rise over the years. If you have children, you may also want to consider their needing money for college.

A Michigan life insurance agent from the Hartman Insurance Agency will help you determine how much life insurance you may need. They will look at how much you contribute to your family now and determine how much they may need to survive without your help.

What is a Beneficiary, and Why is it Important?

A beneficiary is important because this is the person or persons who will receive the money from your life insurance policy when you pass away. If you have not selected a beneficiary, it will create chaos when determining where the proceeds of your life insurance will go.

You can also change or update your beneficiary each year if your beneficiary choice has changed. Marriage, divorces, deaths, and life changes are reasons you should look at your beneficiary choices every year to ensure that this person is still who you would like to receive the proceeds from your life insurance.

How Do You Buy Life Insurance?

You can buy life insurance from an experienced and educated life insurance company. You will want to make sure the agent you speak with is licensed and fluent in life insurance policies. Hartman Insurance Agency is perfect for those interested in purchasing life insurance in Michigan.

Get in Touch with Hartman Insurance Agency Today for More Information on Life Insurance Policies

If you want more information about life insurance and how it could benefit you and your family, call the Hartman Insurance Agency at 734-429-5491. We are well-versed in life insurance policies and will take the time to make sure you choose the right one to benefit your loved ones. Our Saline, Michigan, team believes in preparing for the future, and this is one of the best ways you can do so!

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