Life Insurance in Ontario, OR
Life insurance can assure your family they have financial protection if something unfortunate happens to you.
Your financial security is essential, and we can help you with a life insurance policy that gives your family protection.
What Is Life Insurance?
Life insurance is a type of insurance policy whereby you can leave a designated sum of money to your loved ones upon your death. Your beneficiaries receive this money (death benefit) after your death, which they can use as they wish. There are different types of life insurance policies, and knowing which is right for you can be confusing. Contact Blackabay Insurance to discuss your needs today.
How Does Life Insurance Work?
Each insurance company, including ours, has its process for obtaining life insurance. Generally, you meet with an agent and discuss your coverage needs. Then, after determining your needs, if a policy is right for you, you’ll need to undergo the underwriting process. A third-party administrator may conduct a physical exam to assess your risk and health to help calculate your policy premium. Finally, we can discuss your rates and a policy that’s right for you.
How Many Life Insurance Policies Can You Have?
You can have numerous life insurance policies. However, insurers may review your existing coverage to ensure you aren’t exceeding your insurability limit. Begin with a single policy if you’re unsure how much coverage you may need. We can review with you if additional coverage might be beneficial in the future.
How Much Life Insurance Should I Have?
The amount of life insurance you may need depends on your financial needs. Your death benefit can be used for anything—from funeral and mortgage payments to everyday bills and expenses. We can work with you to ensure you have adequate coverage.
A Financial Safeguard for Your Family
You can protect your family’s future with life insurance. Call Blackabay Insurance at 208-577-5577 to start a policy and give your loved ones a financial safeguard.