Questions to ask when looking at life insurance

Choosing the right type and amount of life insurance can be time-consuming and stressful. You may have many questions, and an independent insurance agent who can guide you is essential. At Griffith Insurance LLP in West Chester, PA, we will do all the legwork for you and present you with the best coverage at the best price. 

Should I get whole life or term insurance?

What type of life insurance you should buy depends on what you want from your life insurance. If you strictly want protection, term life insurance is the most affordable. If you want to earn dividends and have a policy that lasts forever and is part of a long-term financial plan, then whole life insurance is what you want. 

Can you get life insurance without a physical exam?

Yes, you can, but it will not be the best way to get the most for your money. Whole life insurance doesn’t require a physical exam/ Some companies offer limited-term life coverage without a physical exam. 

Can your life insurance be canceled?

For the most part, there are only two reasons that could result in canceling your life insurance policy, lying on the application and nonpayment. It would be best if you answered all the questions truthfully. If it is discovered that you lied, your policy will be canceled, and it could also mean the death benefit will not be paid out. If you are having financial problems, and can’t pay your premium, call your carrier and see if you can make arrangements that would allow you to keep your policy, it is worth a try. 

Contact our West Chester, PA office, and let the Griffith Insurance LLP team help you get the right life insurance coverage for you and your dependents.