Life Insurance
Klamath Falls, Oregon

Do you need life insurance? The answer isn't always simple. Our agents are here to help you answer that question. We've been helping individuals protect their families for over 30 years.

Whole vs. Term Life Insurance

The biggest thing that people struggle with when buying life insurance is trying to understand whether they want to buy whole insurance or term insurance. Of course, the answer depends on a lot of circumstances, including your age and where you are at in your life, as well as your financial situation. Term life insurance is a policy that is written for a specific number of years. It is more affordable than whole insurance, but it will have to be renewed when the policy is up. It also has no cash value until the person passes away. Whole life insurance is written indefinitely. This policy has higher premiums, and they may increase or decrease over time. The policy can accrue cash value that can be used while the policy is being held, but there may also be penalties assessed.

Compare Premiums and Coverage Limits

You can’t just look at the monthly premium and decide which policy you want to buy. You have to check the coverage that you are getting, as well as any limits, and other elements that could affect what actually gets paid if a claim is filed. It doesn’t matter how much you are paying if your policy is useless, after all. You don’t have to become an expert in life insurance coverage to get the best policy. As long as you know the basics, you’ll be on the right path.

Talk to An Agent

There are so many different variables to consider when purchasing life insurance, but you don’t have to go through it alone. Call the team at Monte Johnson Insurance to discuss these policies and find out what kind of coverage you can get. You might be surprised at just how affordable it can be to protect yourself and your family with this insurance coverage. Call us now to get started.