The Top Five Life Insurance Frequently Asked Questions

 
Life insurance is a form of insurance that pays benefits to the policy holder’s dependents. These benefits are usually paid after the policy holder dies. If you are contemplating getting Orange County life insurance, then there are a couple of very important things that you need to understand about it. Below are some of the answers to frequently asked questions about Orange County life insurance:

 

1. Do I Really Need This Type Of Insurance?

Many people wonder whether they really need this type of insurance. The answer to that question is yes, if you have dependents, then you definitely need this type of insurance. You want to make sure that your dependents will be financially secure if you were to pass away unexpectedly.
 

2. What Are The Different Types Of Insurance?

There are several types of insurance available. You have the option of choosing from term life, permanent life, whole life, universal life, joint life, group life, senior life, military life and convertible life. Each form of insurance offers different types of coverage. You should speak with an insurance agent before you choose a plan because that will help you choose the right type of insurance for your needs.
 

. What Is A Beneficiary?

The beneficiaries are the people who will be paid benefits after you die. You name your beneficiaries when you take out the policy. Keep in mind that you can change your beneficiaries any time that you like.
 

4. How Can I Pay My Premiums?

There are several ways that you can pay your premium. You can set up an automatic payment service. If you choose this option, then the money will automatically be deducted from your account on its due date. You can also pay your premium over the phone. Additionally, you can mail your payment to the insurance company. You can pay your monthly premiums every month, or you can pay them every year.
 

5. How Much Will My Premium Cost?

There are several factors that affect the cost of Orange County life insurance. One of those factors is the type of plan that you get. Your health, gender and profession can also affect the amount of money that you spend on life insurance. Furthermore, life insurance rates can vary from company to company. That is why it is a good idea to shop around before you choose a company.

Disclaimer: This is for information purposes only and NOT a recommendation from Mills Insurance. Please contact a licensed insurance agent specialist to discuss insurance coverage’s and laws.

Mills Insurance Services, Inc. A nationwide insurance company is at your service for the following insurance needs:
• Home insurance
• Life insurance
• Auto insurance
• Health insurance
• Business insurance

With headquarter locations in:
• Orange County, California: Los Alamitos and Lake Forest
• Riverside County, California: Palm Desert