Here at Don Allred Insurance, serving the Burlington, NC area, we advise our life insurance customers to consider increasing their life insurance policy when they have had significant life events or changes. However, this leaves many customers wondering what a major life event is and what warrants an increase in a life insurance policy. Read on to see a few specific circumstances that qualify as life-changing events and warrant an increase in a life insurance policy. 

Getting Married

One of the life events that may warrant an increase in your life insurance policy is getting married. When you get married, your spouse may not rely on your income to get by. As such, you may need to increase your life insurance policy. 

Having a Child

Another life event that warrants a life insurance policy increase is having a child. When you welcome a new child into your home, you now have someone else to provide for. Many people drastically increase their life insurance policies when they have a new child. 

Making Major Purchases

Lastly, if you have made significant purchases, such as purchasing a new home, purchasing expensive toys, such as cars, boats, or RVs, or have a lot of debt, such as student loan debt, you may want to increase your life insurance policy. You want to ensure your debts can be paid off and your loved ones have all the things you have purchased for them should you pass away unexpectedly. 

Suppose you are looking to purchase your first life insurance policy or are looking to make changes to an existing life insurance policy because you have had a major change in your life. In that case, the team at Don Allred Insurance, serving the greater Burlington, NC area, can help you. Reach out to us today, and let’s schedule an appointment to discuss your life insurance needs. 

Burlington, NC area families can rely on Don Allred Insurance for all of their insurance needs, including healthcare. Give us a call today to learn more about the available options in our area.

Let us help you find the right health insurance coverage for your family

Several options are available if you are self-employed or don’t receive health insurance benefits from your employer. Going without health insurance should always be avoided, and our team is here to help you find your family’s coverage. 

When premiums are an area of concern, a high-deductible policy can be an effective option. These policies are sometimes appropriate for healthy policyholders who do not require regular healthcare. If you have an ongoing condition, having such a policy is not likely to be a proper fit.

Several different policies are available for single people, couples, and families. We understand that finding a reasonable health insurance policy can feel like a challenge, and that’s why we are here to help. Our team has the information you need to make your selection. If you want to learn more about the available options in our area, meet with us and sit down to find out more. Having the information you need to choose an appropriate policy is an excellent place to start obtaining health insurance. 

We are here to help with all of your insurance needs!

The team at Don Allred Insurance is proud to be a part of the greater Burlington, NC community. If you have any questions about health insurance or want to learn about the available options, give us a call or stop by today. We look forward to seeing you soon!

Being correctly covered with insurance is essential for anyone in the Burlington, NC area. While there are a lot of important forms of coverage to obtain, having a life insurance plan should be a top priority. As you are looking for coverage, you will find there are a lot of choices to make. There are several tips to follow to ensure you select the right plan. 

Consider Options

One of the choices you will have to make when building a life insurance plan is the type of insurance. There are various types of life insurance to consider, which often include a term or whole life coverage. A term life insurance plan is ideal for many as it offers more affordable premiums. However, whole life can be a great option as it will give coverage for the rest of your life and provides additional investment benefits. 

Determine Coverage Needs

You will also want to spend time considering the amount of coverage you need to have. Building a plan that will provide you with enough coverage to meet your needs in the future is very important. It would help if you considered all the financial costs that your dependents could incur, including higher education, housing, and even retirement. This assessment should help you come up with the amount of coverage that you will need to have. 

If you are going to build a life insurance plan in the Burlington, NC area, it would be helpful for you to call the team with Don Allred Insurance. If you call the team with Don Allred Insurance, you can get the support necessary to evaluate your options and build the right policy. This can give you the comfort you need to know that you have a proper life insurance plan. 

Many young people believe that health insurance is for older or unhealthy people. However, nothing could be further from the truth. Investing in health insurance at a young age has many benefits. Early investment in health insurance usually means you can lock in better rates. Our team at Don Allred Insurance is dedicated to helping young Burlington, NC residents understand the benefits of health insurance. 

What is Health Insurance?

Health insurance pays for the partial cost of your healthcare. This includes preventative medical care as well as care for your illnesses. Some preventive services are usually included as free services in many health plans. Health insurance pays some of the cost of routine and emergency care and treatment for chronic illnesses. What is covered under a health insurance policy will vary depending on the insurance company, policy, and plan. 

Health Insurance can Benefit Young People. 

Even young, healthy people can’t predict the future. You could have a car wreck and sustain injuries that require care beyond what you can cover out of pocket. Health insurance makes unexpected medical expenses much more affordable. Plus, health insurance also includes free or low-cost preventative care. This can include vaccinations, annual exams, and more. It’s also a well-known fact that you’ll lock in better rates for health insurance as a young person. This fact alone makes health insurance an excellent option for young people who plan on investing in health insurance later. Investing at a younger age makes it more affordable. Another benefit of health insurance is investing at a level that fits your current lifestyle. There are different levels of coverage. As a young person, you can invest in minimal health insurance that fits your lifestyle and age and increase it as you age. If you have questions about health insurance as a young person, we can help. We’d be happy to discuss the benefits of health insurance.