Steiner Insurance Group

1161 Sonoma Park Dr
Suite 200
Norman, OK 73071

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Life Insurance Facts You Have to Know

Life insurance is a complex and vital type of coverage, one that will help your family after you pass and keep them financially secure for years to come. At Steiner Insurance Group, we can serve the Nashville, NC area with high-quality policies that make sense for you and which will be easy to integrate into your budget. 

Term Life Insurance May Be a Good Choice 

While you can get either term or whole life insurance, you might find a specific period a good option. A term life insurance policy is set up for a particular number of years. For instance, you could set it for 30 years, after which your policy would lapse. If you’re already in your 50s or 60s, that kind of life insurance policy is likely what you need. 

Calculating Your Needs Can Be Easy

How do you know what type of coverage level you need? First, just remember the anagram DIME or debt, income, mortgage, and education. Then, consider all of these factors and balance them against your family’s needs and what coverage level is likely available for you as a homeowner. 

Consider Adding a Few Beneficiaries 

When you add multiple beneficiaries to your life insurance policy, you help make sure that your policy pays out. For example, if both are still alive when you pass, the money is split depending on how you set up your policy. If one dies before the other, the surviving member gets the cash. 

Taking Care of Your Insurance Needs 

If you believe that you need life insurance and the facts above are easy enough for you to understand with little difficulty, you should probably reach out to us at Steiner Insurance Group to learn more. We serve the Nashville, NC area and can provide high-quality policies that make sense for you. 

What Is a Whole Life Insurance Policy?

One of the main types of life insurance is the whole life insurance policy. This type works much differently than a term life policy. If you are interested in life insurance to protect the financial future of you and your family, call us at Steiner Insurance Group in Nashville, NC to make an appointment with an agent. 

Your Whole Life

The name of this policy type describes why it is such a popular option for life insurance. Once you start this type of policy and keep making your payments as agreed upon, the policy is in effect for the rest of your life. No matter your age, the insurance company can’t cancel this policy as long as you are paying your premiums. With some other types of life insurance, the insurance may expire at a certain age and then require you to get another policy that costs more because you’ve gotten older. With whole life, you never have to worry about this. 

Building a Cash Value

A whole life policy comes with a cash value that is built up over the years. It is a portion of the profit from the policy that the insurance company has earned. With this cash value in place, you can borrow against it when you need to. Many people use this option when they have an emergency financial situation and need fast cash. The amount that you borrow is deducted from the policy’s death benefit until the loan is paid back. 

If you want to know more about these policies and are in the Nashville, NC area, call Steiner Insurance Group. Schedule an appointment to talk about how much life insurance you and your family need. 

 

Three reasons why you need to purchase life insurance right now

When it comes to purchasing life insurance, you don’t want to procrastinate. Neglecting to buy life insurance when you need it can compromise the financial security of your family. 

If you’re interested in a life insurance policy from Steiner Insurance Group in Nashville, NC, you shouldn’t waste any time before purchasing a policy. The following are three critical reasons why you need to purchase life insurance right now. 

You never know when a serious accident can happen.

You may be a very healthy person. However, many possible incidents could result in an unexpected death that has nothing to do with an individual’s health. One prime example is automobile accidents. It is critical to prepare for the unexpected by purchasing life insurance right away. 

You’ll enjoy more peace of mind knowing that your family is financially protected. 

It is stressful worrying about your family’s financial future. If you find the right life insurance policy, you know that your dependents will be provided for regardless of what happens to you.

Don’t wait to purchase life insurance so that you can benefit from the peace of mind that this important financial product provides right away. 

You may get lower premiums if you purchase a policy when you’re younger.

If you wait a few years to purchase a life insurance policy, your premiums will probably be more expensive as a result. The younger you are when you purchase your policy, the less expensive you can inspect your life insurance policy to be. 

Would you like to learn more about life insurance options with Steiner Insurance Group? We offer life insurance policies to those residing in the Nashville, NC area. Get in touch with us if you have questions and inquiries. 

Partner Carriers


  • american-modern
  • cna
  • encompass
  • foremost
  • hagerty
  • kemper
  • mdow
  • mercury
  • northstar
  • progressive
  • safeco
  • statewide-general
  • travelers