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61541 SE Lorenzo Drive Bend, OR
541-668-4906
458-218-8155
Frequently Asked Questions
Do I need health insurance?
To answer this question you must ask yourself, if you were to pass away right now, would your loved ones still alive have issues covering the cost of your burial? Covering rent or mortgage payments and other bills? What about any remaining medical costs? Would they have enough money to cover those and still maintain their normal life? If the answer to any of these is “No, they wouldn’t,” then you should consider what life insurance options work best for you and your needs.
How are death benefits paid?
The death benefit is typically provided as a lump sum that is free from income tax unless the recipient opts for an annuity or installment payment. Some policies, such as certain employee benefit plans, allow premiums to be paid with pre-tax funds, which could affect the tax-free status of the death benefit. Additionally, a policyholder has the option to divide the death benefit among multiple beneficiaries, like distributing it equally or unequally among their children.
What happens if I become disabled?
Many insurance policies include a "waiver of premium" rider, which is an optional feature. This rider can assist in covering your premium if you become disabled and are unable to work, ensuring that your insurance policy remains active. While this additional feature is reasonably priced, it is worth considering. It is essential to note that life insurance does not offer benefits for disability. For income replacement benefits in case of illness or injury hindering work, short- or long-term disability insurance (also known as disability income insurance) is necessary.
Will my premiums change over time?
There are two types of policies with fixed premiums over time. The first one is "level term life insurance", which maintains a consistent premium throughout the coverage term. The second type is whole life insurance, where the premium remains constant for life. It is worth mentioning that as the cash value increases over time, it can be utilized to cover a portion or all of the monthly premium, relieving the policyholder from paying the full amount personally.
Offering Smart Insurance for Smart People
We understand that every family has unique insurance needs. That's why we offer customized insurance solutions tailored to your specific situation. We work with you to understand your needs and provide the best coverage options.
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