Having the right type of life insurance and the correct amount is important to the financial security of your family in the event something happens to you. In San Diego, CA, you can count on our team of independent insurance agents at Rancho Del Sur Insurance Services Inc.
Do I need life insurance if I don’t have dependents?
There is not a definitive answer to this question. The simple answer would be no, but if you own a home or have debt that would need to be paid in the event of your death, maybe. What you typically want to do is to make sure that your passing is not a burden to anyone. You need to have the savings to pay for your final expenses and any debt that you have.
Can my life insurance be canceled?
Yes, your life insurance can be canceled. The most common cause of cancelation is nonpayment of the premium. If you are having financial difficulties, call your carrier or agent to see if there is anything short of cancelation that can be arranged. However, if you lie on your application and the lie is discovered, your policy will be canceled.
Do I need more than employee-provided life insurance?
Yes, you do. Your work policy should be a nice addition to the coverage you already have. The possibility that you may change employment or your company could go bust exists, and where would that leave you? Your family’s security is too important to take a chance with.
How much life insurance is enough?
Every person has a different need. You should discuss your long-term goals with your insurance agent.
Contact Rancho Del Sur Insurance Services Inc. in San Diego, CA, for all your life insurance needs.
