Life insurance is one of the many ways you protect your family and loved ones. How much protection they need depends on many different factors. Talking to an insurance agent you trust can help you to come up with the amount of life insurance that is enough. For more than 40 years Don Allred Insurance has been serving the residents of Burlington, NC as well as the towns of Graham and Mebane. As independent agents, we work for our clients, not for one insurance company and this allows us to provide great service and affordable prices.
One factor to think about when coming up with the right amount of life insurance is your age. A good reason to purchase life insurance when you are young is the rates. Age and health are both things insurance companies consider when they price life insurance. Another consideration is term life will end after the term is over and you need to anticipate the amount you will need in 20 or 30 years.
Life insurance is designed to provide for the people who depend on your income. How much you will need depends on how many people there are and how many years you will need to provide for them. If you have young children, you may have to provide for 15-20 years. Your partner likely works so this life insurance won’t need to be the only support but protection means not having to worry. You don’t want your family to have to change their way of living if you’re not there with them.
No one can tell you exactly how much life insurance is enough but the recommended amount is 7-10 years of your income. If however, you don’t have dependents, you will need a much smaller amount.
Contact Don Allred Insurance in Burlington, NC to discuss your life insurance needs.
Getting the right health insurance policy is one of the most important decisions you make every year. It isn’t all about the price of the policy. It is a fine balance between affordability and protection. At Don Allred Insurance in Burlington, NC, we have more than 40 years of experience providing our customers with personalized service.
Before you decide on a health insurance policy, there are some important questions you need to ask. The answer to those questions will help you pick your coverage.
Is my doctor in the provider network?
Every health insurance company has a provider network. These are health care providers who have made an arrangement to provide services for prearranged prices. If you have a primary care doctor or a specialist whom you prefer, it is important to make sure they are in the network of the carrier you are considering.
Are my prescription medications in the formulary?
A formulary is a list of the medications that are allowed by a particular insurance carrier. They are listed by tiers. The tiers have different copays and deductibles. You need to make sure your medication is included and what tier it is in.
What is the deductible on the policy?
Many policies have a deductible that must be met. If it is thousands of dollars it could mean that almost nothing would be covered unless you have a very major illness or accident. These are usually referred to as high deductible policies.
In Burlington, NC, Don Allred Insurance is the place to go when you want an independent insurance agency whose objective is to identify and minimize our customer’s risk. We know health insurance and we can help make sure that you get the policy that is right for you. Give us a call or stop in to get a no-obligation quote.