Life Insurance Information
Having the right life insurance in place is very important in planning for the future of your loved ones. If you should die suddenly, wouldn't you want to make sure that your family can be taken cared for financially?
Life insurance is not about you, it is about your loved ones, including your spouse children, parents, or siblings. Don't leave the future of your loved ones to chance. Buying life insurance for your family is one of the most selfless acts you can undertake in your lifetime.
Since 1993, Pepe Insurance Agency has been providing life insurance to the residents of Poughquag and the surrounding areas within Dutchess County, NY. We pride ourselves on offering our customers responsive, competent and excellent customer service. Our customers are the most important part of our business. We work tirelessly to find you the best life insurance rates..
Life insurance provides a tax-free lump sum of money to your loved ones in the event of your death, allowing them to continue toward their financial goals. It’s a value asset that gives you peace of mind that they’ll be taken care of even when you aren’t around.
Types of life insurance
There are many kinds of life insurance, but they generally fall into two categories: term insurance and permanent insurance.
Term insurance is designed to meet temporary needs. It provides protection for a specific period of time (the "term") and generally pays a benefit only if you die during the term. This type of insurance often makes sense when you have a need for coverage that will disappear at a specific point in time. For instance, you may decide that you only need coverage until your children graduate from college or a particular debt is paid off, such as your mortgage.
In contrast, permanent insurance provides lifelong protection. As long as you pay the premiums, and no loans, withdrawals or surrenders are taken, the full face amount will be paid. Because it is designed to last a lifetime, permanent life insurance accumulates cash value and is priced for you to keep over a long period of time.
The right life insurance will be unique for you and dependent on your personal and financial needs. As your life changes, your life insurance coverage many need to change in order to adapt to your current needs.
Why do you need life insurance?
It's really all about protecting your family financially.
- If you die prematurely, your family can be taken care of financially for a certain number of years.
- If you are elderly and you pass away, your family can use the death benefit to pay for final expenses.
- A grandparent might use life insurance to create estates and trusts for grandchildren.
- It can be used to cover real estate investments if an investor dies.
Questions to ask your agent
Your Independent Agent is an advocate for finding life insurance that meets your specific needs. Here are a few things to consider as you prepare for the discussion:
- How much life insurance do I need and can afford?
- Will I need to undergo a medical exam?
- I take medications and have several ailments, will I qualify for life insurance?
- Which is a better option for me: term or permanent insurance?
For More Information
Life Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.