At InsureMe, we know that saving time and money on your Texas life insurance is important—and we also know the importance of providing financially for your family. That's why we are here to help you! We'll match you up with agents who understand your needs and will work to find you the best Texas life insurance policy possible. Just fill out our simple form today, compare the quotes our agents send you, and spend your time with the ones who matter most—your family.
Following are answers to some frequently asked questions, and some tips for wise life insurance shopping. We hope this information makes your purchasing decision quick and easy.
"How much life insurance do I need?"
Your individual circumstances and your family's standard of living should determine how much life insurance coverage you purchase in Texas. There is no standard formula for determining the amount of coverage needed; however, some consumer groups recommend, as a guideline, at least five times your annual salary. The goal is to have enough coverage to take care of your family if you die, but not so much that you have more than you need, or your premiums become unaffordable.
"What are my options in purchasing Texas life insurance?"
There are several types of Texas life insurance policies available, including term life, permanent, or cash value life, and other policies which combine the two. Term life policies cover you for only a specific period of time or until a specified age, and include only a one-time death benefit payment. Permanent, or cash value life policies, on the other hand, provide permanent life insurance protection, and may include both a death benefit and cash savings. Texas term life insurance is generally cheaper, but its cost increases as you get older. Texas permanent life insurance involves higher premiums, but its price usually remains steady. Some Texas life insurance companies tailor-make policies which are a combination of the two. Talk to a Texas life insurance agent to determine the policy type which is best for you and your family.
"How can I get the most coverage for the least amount of money?"
We are all interested in saving money-but never at the expense of our loved ones. Texas term life insurance usually offers the best value for your money by providing the biggest death benefit for your dollar.
"What factors determine my life insurance premium?"
Your premium amount depends on the type and amount of insurance you buy, as well as your chance of death while the policy is in effect. Risk of death is determined by factors such as your age, gender and medical condition. Other elements Texas life insurance companies take into consideration when determining your premium might include the company's overhead expenses and necessary agent commissions.
Shopping wisely for Texas life insurance is essential to protecting your family when they need it most. Here are some tips to help you in your search:
For more information on Texas life insurance, call the Texas Department of Insurance's Consumer Help Line at 800-252-3439, or log on to their Web site at www.tdi.state.tx.us.