Life Insurance

Life Insurance – The Importance of Buying Today

Life Insurance Bellevue WA is a leading provider of life insurance, health insurance, annuities and related products in Washington State. They have been a company since 1872 and are one of the original six insurers in the state of Washington. The company boasts nearly one million policies in force in Washington State, with many of them purchased by individual consumers like you and me. Life Insurance Bellevue provides a wide range of insurance products including Term Life, Whole Life, Variable Life, Universal Life and Custom Life Insurance, and they offer competitive rates on these products to meet the needs of their customers.

A number of things can happen to cause a death, such as a car accident, a heart attack, cancer or a stroke. While most people take the life insurance coverage available to them as an assurance that their families will be provided for, accidents are a fact of life that we cannot avoid. Unfortunately, we lose our lives to accidents every day. If you or someone you love has recently suffered from an accident, there are many things you can do to receive the life insurance benefits from your insurance company. Most major insurance companies in the United States offer at least the basic level of coverage in case of an accident.

If you are working, you should stop work and call your employer and immediately report to the job site. Inform the employer that you have not had a work related accident and you need time off for further questions. Be sure to tell them that you were not hurt and that your policy will not cover your loss. You may also want to contact your insurance company directly and discuss your case with a customer representative. They can usually make any necessary changes to your coverage policy to make it more beneficial to you.

If you have a terminal illness, such as cancer, this can also affect your life insurance coverage. In the case of cancer, your health insurance company may exclude coverage for your condition. If they do this, you may wish to talk to a licensed life insurance agent about purchasing a policy with the cancer issue excluded. Some policies will cover specific treatments and therapies, such as radiation therapy and chemotherapy. Again, contact your insurance company and discuss your particular needs.

Once you have completed your recovery, if there has been a death, your family may qualify for the funeral expenses coverage on your life insurance policy. This would be the policy in which your survivors would receive the proceeds of your burial. This is often the most expensive policy that one can purchase. If you have dependents, be sure to mention the details of your family’s history to the insurance company. The proceeds of your funeral could go toward the funeral costs.

Many people choose life insurance after a marriage or child birth. These types of policies are often called “marital” insurance. If one spouse is unable to earn a living and is dependent upon the other for medical attention, the dependents may not be able to afford the premiums on their own. Often, if the insured party is still young and healthy as they can sometimes be eligible for these policies. Again, contact your insurance company to discuss your options.

Life insurance can also provide financial protection for families during times when there is no income from work. It is important to remember, however, that insurance premiums do increase as one gets older. One way to offset this is to take out a loan for retirement. Another strategy is to borrow money from a family member or friend. A last resort is to apply for a loan from the bank; however, if this avenue of financing is unsuccessful, the insurance company may provide a credit card to make purchases.

As you can see, there are many situations in which life insurance may be a wise investment. Be sure to speak with a qualified life insurance agent to determine what your particular needs are. The goal is to protect your family and your loved ones in case of your untimely passing. Your decision to purchase life insurance should be a commitment you make today. Do not wait until it is too late. If you are healthy and able to make sound financial decisions, take the time now to purchase adequate coverage so that you will have peace of mind tomorrow.