Life insurance FAQs

Life insurance is something you are never too young or too old to benefit from. It adds a layer of financial protection to your estate that might be missing otherwise. In addition to the death benefit, life insurance offers other benefits depending on the type and amount of insurance you carry. At Taake Insurance Agency in Columbia, IL we are a family-owned and operated independent insurance agency that has been in business since 1977. Our service is what sets us apart, and we strive to make sure our customers get the best possible coverage at affordable prices.   

Is there a specific time that is best to buy life insurance? 

The obvious answer is before you need it. Life insurance is least expensive when you are young and in good health. If you are thinking of purchasing life insurance, and you are young and have no dependents, getting whole life is an investment to consider. The premium you get will last for your entire life so, at this point, it will be quite affordable. Term life insurance has a term, so you want to make sure the term lasts through the period that you need it.

Do I need to buy my own life insurance if I get it from work?

Do you know exactly how much your employer is providing for you? Has he taken your needs into consideration or is your life insurance determined by what your job is and your pay level? Most importantly, do you plan to stay at this employment forever? Is your life insurance something you can keep if you leave this employer? Life insurance is something you should control so purchasing at least some on your own is a good idea. 

To discuss life insurance give Taake Insurance Agency in Columbia, IL a call.