Life Insurance Frequently Asked Questions 

Life insurance can be important in helping protect your loved ones financially after you are gone. If you’re in Mason, OH, understanding the basics can make it easier to choose the right policy for your needs. Below are some frequently asked questions to get you started.

What is Life Insurance and How Does It Work?

Life insurance is a contract between you and an insurer. In exchange for regular premium payments, the company may pay your beneficiaries a set amount, known as a death benefit, after you pass away. This benefit can help cover expenses such as funeral costs, debts and ongoing living expenses.

What Types of Life Insurance are Available?

Two of the most common types are:

• Term life insurance may provide coverage for a set number of years, often at a lower cost, but does not build cash value.

• Whole life insurance may offer lifetime coverage, generally at higher premiums, and may include a cash value component you can borrow against.

How Much Life Insurance Do I Need?

The right amount can vary based on factors such as your income, debts, future expenses (like college tuition) and how long your dependents may need financial support. Many people consider coverage that’s several times their annual income, but your needs may differ.

Can I Have More Than One Life Insurance Policy?

Some people combine an employer-provided policy with an individual plan or carry multiple policies for different financial goals.

How Do I Get Started?

Speaking with a trusted insurance professional, such as Etler-Kettenacker Agency, can help you assess your needs, compare options, and find coverage that aligns with your budget. Contact us today to learn more.