Do you know when it’s the right time to get life insurance? The decision to purchase a life insurance policy can make all the difference when the unthinkable happens. 

The professionals at Five Star Insurance Agency, servicing Fords, NJ and surrounding areas, are here to answer your questions about life insurance. Getting the right type of life insurance for your needs can give you peace of mind. 

What Is Life Insurance?

Life insurance is a type of insurance that can help take care of your loved ones in the event of your death. Adults who have families and people or pets who depend on them often seek life insurance to provide protection when disaster occurs. 

When Is Life Insurance the Right Choice for Your Family?

Many adults start thinking about purchasing life insurance when they begin a family, because they want to know that their loved ones (children, spouse, etc.) will be financially protected in the event of their death. Typical life insurance policies (like term life insurance and whole life insurance) pay a death benefit that can be used for expenses like a mortgage payment, school tuition, living expenses, and more. 

If you have children and don’t yet have life insurance, talk to your insurance agent to learn more about life insurance. 

What Type of Life Insurance Is Right For You?

There are several types of life insurance. Here are some of the most common types of life insurance:

• Term life insurance: Term life insurance only lasts for a specific period, although some policies can be extended. The premium for term life insurance stays the same throughout the life of the policy. 
• Whole life insurance: Whole life insurance lasts for the lifetime of the insured, as long as the premium is paid.

If you want to ensure that your loved ones are cared for if something happens to you, contact Five Star Insurance Agency, servicing Fords, NJ and surrounding areas, to learn more about life insurance.