Causes of Disabilities and Why You Need Disability Insurance
Disability Insurance
When you think of your assets, you probably think of tangible things like your home, car and retirement account. But, what about your ability to earn a living? At Symmetry Financial Group, we believe one of your biggest assets isn’t anything you can touch or feel; it’s your ability to work. If you’re like a majority of Americans, it would be difficult, if not impossible, to continue meeting your monthly obligations if you were to become injured or ill and could no longer work.
Disability income insurance is a type of insurance product designed to help replace a major portion of your income if you were unable to work because of an illness or injury. For this reason, many people think of it as “paycheck protection.” Along with life insurance, disability insurance can offer the protection you need to ensure your family doesn’t lose their home or other valuable assets if the unthinkable happens.
As you go through life, your insurance needs change.
Symmetry Financial Group provides plans to keep you protected.
Why Do I Need
Term Life Insurance?
The number one reason for purchasing term life insurance is to provide peace of mind to your loved ones. If you were to die prematurely, would your loved ones be able to maintain their standard of living? Term life insurance can provide a cash death benefit that could be used to pay your final expenses, including the expense of a funeral service, a remaining mortgage balance, children’s education expenses, or paying ongoing expenses after your death.
How Does
Term Life Insurance Work?
Like other types of life insurance, term life insurance starts with an application for coverage with an insurance company. Once a policy is in force with the company, you pay monthly, quarterly or annual policy premiums to maintain coverage. If you die during the specified policy term, the insurance company pays the specified death benefit amount to your named beneficiaries.
Choose Symmetry For Term Life Insurance
There are a lot of insurance agents and brokers offering to sell you their own company’s life insurance policies. Symmetry Financial Group is different. As a truly independent insurance provider, we have access to policies from over 30 different life insurance carriers. These options allow you to shop around and find the policy that works best for you.
At Symmetry Financial Group, our clients always come first. We take the time to get to know each of our clients and understand their needs and goals before recommending any insurance solutions. We believe that helps us better serve you, because we’re able to offer a variety of coverage options and solutions to meet your specific needs.
To learn more, and to get quotes for term life insurance coverage to protect your loved ones, contact us today at (804) 315-2703
Would You Like to
Request a Quote?
Please fill out the short form so we can provide you with the policy options to best match your coverage and financial needs.
Frequently Asked Questions
Q: What are the advantages of Term Life Insurance?
One of the biggest advantages of term life insurance is its affordability. Insurance companies can offer lower premium rates for term insurance coverage than for permanent policies because the odds of death during the policy term favor the insurance company. Term life insurance policies are also a great way to maintain flexibility: you can adjust the policy according to your changing needs. If you realize more permanent coverage is a better option for you, most in-force term life insurance policies can be converted to permanent life insurance.
Other advantages of term life insurance:
• It can be used to supplement life insurance coverage provided by
• your employer
• Policies provide a fixed death benefit for a time period that you
• choose up-front
• In addition to the specified “face amount” death benefit, your
• policy may include a return of premium option
• Some policies also offer other coverage options including critical
• illness and disability insurance protection
Of course, there are a lot of policies and policy options to choose from. When you’re considering purchasing a term life insurance policy, you’ll want to keep your financial situation in mind and select coverage that best meets your needs.
Q: Do I qualify for Term Life Insurance?
When you apply for any type of life insurance, you need to answer some basic questions about your health and lifestyle. Most people who are generally healthy will qualify for coverage. You may still qualify for term life insurance if you have some existing health problems, although your premium will likely be higher.
For some policies, you do not need to submit evidence of insurability beyond the application questionnaire, meaning you shouldn’t need a physical examination to qualify for coverage.
Q: When should I buy Term Life Insurance?
The best time to buy term life insurance is now. Life insurance is intended to provide a cash death benefit to your named beneficiary (or beneficiaries) after you die. Of course, none of us can know when we’ll die, or when our health situation might change for the worse. Because qualifying for term life insurance is based on your health at the time of application, it just makes sense to buy coverage now. Hopefully, your term life insurance policy will never be needed. If it is, your loved ones will appreciate the fact that you took the time for insurance planning when you did.
Q: Can I afford Term Life Insurance?
Because it is intended to provide coverage only for a specific amount of time, term life insurance is generally the least expensive type of life insurance you can buy. Your specific premium will be based on your age at the time you purchase the policy, as well as on your overall health. Non-smokers in good health will typically pay low premiums.
Would You Like to Request a Quote?
Please fill out the short form so we can provide you with the policy options
to best match your coverage and financial needs.