Who should get life insurance in Brownwood?

When you are in the Brownwood, TX area, it would be a good idea to consider your life insurance needs. With a life insurance plan, you can offer some future financial protection to those that are named beneficiaries in your plan. There are several scenarios in which someone here should get one of these insurance plans. 

Those that Want to Protect Their Dependents

A situation when someone should get life insurance will come when they want to protect their dependents. If there are people in your life that need you as a source of income for living expenses, you should make sure that they are cared for if you were to pass away. With a full life insurance plan, you can build a policy that offers protection that could be used for living expenses, higher education costs or any other expenses that you see fit.

Those that are Looking for a Conservative Investment Option

A life insurance plan can also be a good option for people that would like to get a conservative investment tool. A whole life plan includes a provision where some of your monthly premium will go into an interest-bearing account. At some point, later on, you can close this account and use the cash for any purpose. This is a low-risk investment that will grow with interest accumulation as well.

You always need to make sure that you are evaluating your insurance needs in the Brownwood, TX area. If life insurance is right for you and your situation, calling Robnett Integra Insurance Services is a good idea. Those that want to call Robnett Integra Insurance Services can receive great support and guidance. This can help ensure you are able to choose a plan that is right for your situation. 

Why should someone get life insurance?

Those that are in the Brownwood, TX area are going to have plenty of specific insurance needs. One type of insurance that all people here should consider getting is life insurance. While this type of insurance does not directly protect your assets or give liability coverage, it still offers very valuable insurance protection. There are many reasons that the average consumer here should consider getting a life insurance policy when they are in this area of Texas.

Insurance Offers Protection to Dependents

The key advantage that comes with having this type of coverage is that can receive protection for your loved ones. If you have people in your life that rely on your income, you will want to ensure they are cared for if you were to pass away unexpectedly. A great way that you can do this is by building a life insurance policy that is curtailed to meet your needs. 

Insurance Can Have Investment Benefits

Another reason to consider getting life insurance is that it can have investment benefits. When you get a whole life insurance policy, a portion of your payment will go into an account that can grow with interest. In the future, you will be able to convert this account into cash. This can make it a good addition to your overall personal investment plan. 

Anyone that is looking for a new life insurance policy in the Brownwood, TX area should call Robnett Integra Insurance Services. When you reach out to the team at Robnett Integra Insurance Services you can learn a lot more about how life insurance can protect you. Based on this evaluation, you will be able to understand the benefits and also choose a policy that gives the right protection and continues to offer you peace of mind. 

What should I think about when getting life insurance?

Those that are in the Brownwood, TX area will need to have many different forms of insurance. One important form of insurance to consider is life insurance. There are a variety of factors to think about when you are shopping for this type of insurance. 

Amount of Coverage Needed

Determining the amount of coverage that you need in life insurance is very important. There are a lot of things to consider, most of which will be the future expenses that you would expect your dependants to incur. Some of these expenses to factor into your assessment include basic living and housing costs, retirement expenses, and costs for higher education. 

Type of Insurance Plan

You should also carefully consider the type of insurance that you should obtain. The most common options type of insurance to consider is term life. With this option, you are able to build a flexible plan that meets your needs in terms of coverage and policy duration and premiums tend to be more affordable. Another option is whole life insurance, which will give you coverage for the rest of your life if you want it. While premiums are higher, you can also use it as a way to invest as the money you pay will accumulate in an account that can be liquidated. 

When you are ready to start looking for life insurance in Brownwood, TX, you will want to make sure that you work with a professional that can provide you with proper guidance. As you are shopping for your next policy, you should call the team at Robnett Integra Insurance Services. When you call Robnett Integra Insurance Services you can learn far more about the different options that you have. They can also assess your personal situation to make sure you get coverage that is appropriate. 

Three Reasons to get Life Insurance

No one wants to think about life insurance because that means we are accepting the fact that someday we are going to die. As morbid and disturbing as it may be to some, there is no way around it. So, whether you are a 20-year-old college student, a 35-year-old soccer mom, or a 63-year-old man waiting to retire, you need life insurance. As difficult as it can be, Robnett Integra Insurance Services in Brownwood, TX can help you through the process.

  1. Wakes & Funerals are Expensive – When a loved one dies, closure is essential, especially if they died young or suddenly. Your family and friends need to be able to say goodbye. The average cost of a wake and funeral is $10,000, a celebration of life or a gathering after the funeral can cost a few additional hundred dollars. If you don’t already have a plot in the cemetery or a headstone, you’re looking on at an additional, few thousand dollars. If you do not have life insurance, who is going to pay for your wake and funeral?
  2. Take Care of Those You’re Leaving Behind – This is especially true if you are the main breadwinner. Your spouse and children will have to continue living after you’re gone, but it may take your spouse a few weeks or months to get back on their feet. The bills still have to be paid, so income is a necessity. Therefore, it’s important to figure out how much your family will need to get by until they can get back on their feet.
  3. Peace of Mind – Who wants to worry about how their wake and funeral will be paid for or how their family will get by when they are gone, not to mention any debt you may leave behind that needs to be paid. Ironically, once you get the life insurance policy, you will feel at peace with it and eventually forget about what your life insurance policy even represents.

Don’t put it off any longer. Call Robnett Integra Insurance Services in Brownwood, TX today!

  

Choosing a Life Insurance Beneficiary

Once you’ve decided to purchase life insurance, the next step is choosing a beneficiary. Your beneficiary is the individual(s) who will receive the benefits of your policy upon your demise. At Robnett Integra Insurance Services in Brownwood, TX, we’re more than happy to help you select one or more beneficiaries for your life policy. Here are a few factors to consider when making this decision.

Spouse and Children

If you’re married with children, you’ll undoubtedly want to name your spouse as your beneficiary to ensure your family has the financial support they need after your demise. Life benefits can help replace the loss of your income so your family can continue the lifestyle they’re used to after you’re gone. Life benefits can be used to pay your mortgage, buy food and clothing, pay for school or medical needs, or be put in a trust for your children’s college.

Aging Parents

Singles may want to name their parents as beneficiaries to provide financial support in their golden years. If you’re helping your parents now, life benefits will continue providing financial support after you’re gone. In like manner, you can name younger siblings as beneficiaries to provide them with financial support or help put them through college.

Business Partner

If you’re the co-owner of a business, you could name your business partner as a beneficiary so that they can continue the venture after your demise. Life benefits can replace your financial input to keep the business running until your partner can make the proper adjustments after you’re gone.

Charity

You can also name your favorite charity as the beneficiary of your life insurance policy to help those in need in your local community.  

For more information about life insurance options, benefits, and costs, call or visit Robnett Integra Insurance Services in Brownwood, TX.

Life Insurance to Protect Your Family

Life insurance plays a vital role in protecting your family.  It can help protect family members should one or both spouses die unexpectedly.  Consider this, if you were to pass, will your family be able to pay for your final expenses and any debts you leave?  Other considerations include covering your children’s future educational expenses.  If there are charities that you support closely, a designation from your life insurance policy can continue that support.  When you begin thinking about life insurance policies, you’ll quickly realize that it can do more than simply provide money for your family after you are gone.  This will naturally bring many questions to mind.  That’s where the knowledgeable agents at Robnett Integra Insurance Service can help.  They’ve worked with families in the Brownwood, TX area since 1947.

Deciding the type and amount of coverage you need will take some thought and work with your agent.  Remember to factor in inflation and estate taxes that will ultimately impact your family.  There are two main types of life insurance policies:  term life and whole life.  Each has it benefits based on your life situation.  Term life is in effect for a specific amount of time.  This makes them cost-effective.  They are also renewable.  However, term life policies do not grow in cash value.  Also, each renewal is more expensive. 

Whole life policies are in effect throughout the policy holder’s life.  They have higher premiums than term life but they will build cash value over time.  Should you ever need it, you can borrow against the policy.

In the Brownwood, TX area, the team at Robnett Integra Insurance Services can help you understand your options.  Call or come in to talk with them.  Your family is important.  Take the step to protect their future today.

Life Insurance Benefits Singles, Too

If you’re single and have no children, you may feel life insurance isn’t for you as no one is depending on you for financial support. A life policy from Robnett Integra Insurance Services in Brownwood, TX can come in handy for other reasons. Here are a few ways life insurance can benefit you as a single.

Pay for Funeral Costs

If you died unexpectedly, would your loved ones have to bear the burden of funeral costs? Most young singles don’t plan for their funeral in advance. If you take out a life policy, however, death benefits can cover these costs, freeing your loved ones from this responsibility.

Pay for Outstanding Debts

Federal student loans may be forgiven upon your demise, but private loans are not. If a family member co-signed on these loans, they would be responsible for paying them back after you’re gone. Any debts that you accrued with someone else – car loan, mortgage, etc. – would fall on your partner’s shoulders if you were to suddenly pass on. Benefits from a life insurance policy can be used to pay your outstanding debts so your family or friends don’t have to.

Security for Future Family

You may be single now, but what about the future? If you plan to marry and start a family one day, it’s to your advantage to get a life insurance policy when you’re younger as the cost is lower. The cost of life insurance increases as you grow older.

Support for Significant Other

If you’re single but living with a significant other, life insurance can help provide financial support for him or her if you were to suddenly pass on. Your significant other will appreciate your thoughtfulness in providing this financial support.

To learn more about life insurance options and costs, contact Robnett Integra Insurance Services, Brownwood, TX.