Category: Life Insurance

With life insurance, there are a lot of benefits to be had in Mountain Home, AR. Whether you’re looking for coverage for yourself or your family, some policies can fit your needs.

Here are some benefits of life insurance:

1) Protection From Financial Hardship

If something happens to you and you have no life insurance, your loved ones may experience financial hardship. With the money from a life insurance policy, they can cover your funeral costs and any other expenses. This can help them avoid going into debt or struggling to make ends meet.

2) Peace of Mind

You can rest easy knowing that you and your loved ones are taken care of financially if something happens to you when you have life insurance. This peace of mind can be priceless. Consider that you can’t put a price tag on knowing it takes care of your family if something happens to you.

3) Retirement Planning

Many people use life insurance as part of their retirement planning. If you have a life insurance policy with a significant death benefit, you can use it to help fund your retirement. This can be a big help, especially if you don’t have saved up a lot.

4) Estate Planning

Another use for life insurance is in estate planning. If you have a life insurance policy with a significant death benefit, you can use it to help pay for your funeral costs and other estate expenses. This can be a big help for your loved ones. An Affordable Insurance Inc agent can work with you to find the right life insurance policy for your needs.

There are many benefits to having life insurance in Mountain Home, AR. If you’re looking for coverage, be sure to talk to an Affordable Insurance Inc agent. They can help you find the right policy for your needs. Call today!

Did the latest case of an injury or illness that affected you or your loved one compel you to make some out-of-pocket payments after your employer’s insurance coverage hit the limit? If so, then it’s time to supplement your employer’s insurance policy with an individual insurance policy. 

Virtually all employers provide their employees with a group term life insurance that covers all their staff. The insurance coverage is a good perk for employees, and it can be a life-saving benefit package for employees with no life insurance. But such insurance coverage often has a limit, and you never know whether you’’ have any cash to make out-of-pocket payments when your medical bills go beyond the set cap. It’s prudent to determine whether the coverage is sufficient because an insufficient policy may put your family at risk if the worst happens.

Here are the top three reasons why Mountain Home, AR residents should get an individual insurance policy from Affordable Insurance Inc. even when they’re under an employer’s group term life insurance.

Job Loss

It’s possible to lose your job because of severe long-term illness, impairment, or going against the company’s set rules, regulations, and laws of the state. If you lose your job, you also lose your insurance coverage, which means your family will be at risk, and you’ll need to find alternative coverage. 

Death

If you die, your employer’s insurance coverage may cease to protect your spouse and kids. But if you had individual coverage, your spouse may continue paying the premiums and still benefit from your supplementing personal insurance. 

Your Employer’s Insurance Cover May be Inadequate

Some insurance professionals recommend that your insurance should be worth at least 10 to 12 times your monthly earnings to be sufficient. This estimation may or may not be accurate. But you can talk to any insurance company to get advice on whether you’ll need to get a personal policy if the employer’s cover isn’t sufficient.  

If you’re a Mountain Home, AR resident who’s seeking a supplemental personal insurance policy, then it’s time to contact Affordable Insurance Inc. to get reliable quotes today!