Life insurance helps ease the financial burden on your loved ones by providing support and stability after you pass away.
What Is Life Insurance?
Life insurance provides financial support to your family or chosen beneficiaries after you pass away. Simply put, you pay premiums, and in return, your insurance company pays a death benefit to your qualified beneficiaries.
Types of Life Insurance
A.Neto Agency offers several life insurance options to fit your needs:
✔ Term Life Insurance – Typically the most affordable option, providing coverage for a set period with fixed premiums and a death benefit, as long as premiums are paid.
✔ Whole Life Insurance – A permanent policy with guaranteed fixed premiums, a level death benefit, and cash value accumulation over time.
✔ Universal Life Insurance – A flexible permanent policy that allows adjustments to coverage and premiums as your priorities change.
Consider Term Life Insurance if:
✔ Affordable coverage is your primary goal.
✔ You need coverage for a specific period, such as while your children are in college or while paying off a mortgage.
✔ You want to provide financial support for final expenses, like funeral costs or an inheritance.
Consider Permanent (Whole or Universal) Life Insurance if:
✔ You want lifelong coverage with guaranteed benefits.
✔ You’re looking to build cash value over time.
✔ You want the flexibility to adjust your policy as your financial needs change.
What type of life insurance do I need?
There’s no one-size-fits-all life insurance policy. The best choice depends on your financial and personal needs. Select a policy that aligns with your goals and provides the right protection for your loved ones.
How Much Life Insurance Do You Need?
To determine the right amount of coverage, consider these key questions:
✔ Debt Obligations – How much debt (mortgage, car loan, credit cards) would your loved ones need to cover?
✔Income Replacement – How much of your income supports your family, and for how long would they need financial assistance?
✔ Financial Priorities – What specific expenses do you want life insurance proceeds to cover?
✔ Dependents’ Needs – Do you support a child with a disability, a spouse, or other dependents? How much ongoing financial support would they require?
✔ Final Expenses – How much might be needed for medical bills, funeral costs, or other end-of-life expenses?
A common rule of thumb is to have coverage equal to 7 to 10 times your annual income, but your specific needs may vary.
For a personalized assessment, contact A.Neto Agency today!
What to Consider Before Buying Life Insurance
Before choosing a life insurance policy, think about where you are in life and what financial goals or needs you want to address. Whether you’re a young professional, business owner, nearing retirement, or already retired, consider your current and future financial status, debts, and obligations.
Ask yourself:
✔ Do my financial concerns have an end date? (e.g., saving for college or paying off a mortgage)
✔ Do I want to provide for lifelong financial needs? (e.g., retirement planning)
✔ Would I benefit from a policy that builds cash value? (e.g., using funds to supplement retirement income or cover emergency expenses)
Guaranteed Experience and Quality
Make an appointment now, our agents will call you and give you the best price on the market.
Trust those who have been in the insurance business for more than 20 years, with more than 5,000 satisfied customers.
We guarantee our services and are available at all times. If you prefer to call, click on the button below to call us directly!
Life insurance is often considered during major life changes that bring new financial responsibilities. Key moments to evaluate coverage include:
✔ Change in Relationship Status – Marriage, divorce, or becoming a caregiver.
✔ Career or Income Changes – Starting a new job, getting a promotion, or losing income.
✔ Becoming a Parent – Providing financial security for children.
✔ Homeownership – Protecting your family from mortgage debt.
✔ Retirement Planning – Ensuring long-term financial stability.
✔ Business Succession Planning – Securing the future of your company.
How Often Should You Review Your Life Insurance Policy?
Life changes can impact your insurance needs, so it's important to review your policy regularly—especially after major life events, such as:
✔ Marriage or Divorce – Updating beneficiaries or adjusting coverage.
✔ Having a Child – Ensuring financial security for your growing family.
✔ Buying a Home – Covering mortgage obligations.
✔ Career Changes – Adjusting coverage based on income shifts.
✔ Graduations & Retirement – Planning for future financial stability.
Each significant milestone is a good time to reassess your coverage. Contact A.Neto Agency to review your policy and ensure it still meets your needs!
