Posts Tagged ‘ term life insurance ’

Life Insurance Questions: How Are Term and Whole Life Policies Different?

Wednesday, October 17th, 2018
Life Insurance Questions: How Are Term and Whole Life Policies Different?

When it’s time to choose a new life insurance policy, you’re bound to have many questions.

When it’s time to choose a new life insurance policy, you’re bound to have many questions. One of the most common questions to ask is “what’s the difference between a term life insurance and a whole life insurance policy?” Let’s find out. (more…)

Why Life Insurance is Important for Recent College Grads

Wednesday, August 13th, 2014

life insuranceIf you’re like most recent college graduates, you’re probably sitting on a lot of loan debt right now. In fact, the average loan debt for college graduates is estimated to be around $29,400, but it can top out to over six figures. The problem is that not going to college isn’t really an option in today’s society. Getting a decent paying job almost requires you to have a degree from a higher education institution. This student loan debt can cause more problems than just a high repayment back by students, though. In the case of an untimely death by someone who owes loans and has a cosigner, the cosigner could then become liable for thousands of dollars’ worth of student loans.

How Can Life Insurance Help?

Considering life insurance is always tough, whether you’re 20 or 50. You never want to think about leaving your loved ones behind to carry on without you, but the unfortunate fact is that it does happen. The only thing worse than considering leaving your loved ones is leaving them with your debt. It’s a good idea for students and recent graduates to look into life insurance for that reason. There are a few options to consider if you’re thinking about taking out a life insurance policy post-graduation.

  • Term life – This type of life insurance is something that you carry for a specific number of years rather than indefinitely and the prices can be fairly low. As a student or recent grad, you know how many bills you’re already dealing with. Term life insurance is usually inexpensive and will give you peace of mind. Plus, it’s possible to convert your term life insurance policy to a permanent one later on in life.
  • Permanent – At a young age, permanent life insurance can seem daunting, but it’s not a bad idea to talk to your insurance agency about a permanent life insurance policy. You’ll be more comfortable knowing that you’re putting money towards it for life. Putting money into the policy for the duration of your life will ensure comfort for your loved ones after you have passed.

Life Insurance from Wachter Insurance

When you’re ready to start discussing life insurance with your Frederick insurance provider, we’re here to help. you can call us at 301.371.6335, visit our website, or drop by our Middletown, Maryland office to scheudle a personal and informative appointment.

Source: ErieSense