Get Insurance Quotes Today!

Anthony Lancaster Insurance, Inc Blog

Life events that effect your need for life insurance

If you don’t know a lot about life insurance, don’t feel bad, most people don’t. But it isn’t as much of an issue as you may think. All you need is an independent insurance agent who you know and trust to guide you. At Anthony Lancaster Insurance Inc in Memphis, TN, your financial future is something we can help you with. Planning for the future is a good thing and getting the right advice is a big help.

Leaving your parents home

You’re an adult now. It’s time to do the adult thing and make sure that your future is taken care of. Getting a life insurance policy at this point is the first step into your financial independence. Your rates at this point are the lowest they will probably ever be. It isn’t easy to be forward-thinking when you are this young, but your older self will thank you. 

Getting a job

When you get your first full-time job, it may come with a benefits package. Part of that package maybe life insurance. It is up to you to know whether it is the right type and amount to protect you and provide for your family. 

Buying your first home

Buying your first home is big. It usually comes with a mortgage, and you should have enough life insurance to take care of your mortgage if anything happens to you. 

Getting married/having children

When you get married, you need to review any life insurance policies you have and make your new spouse your beneficiary. While you are at it, look at the amount of coverage you have. Adding children to your family raises your need for life insurance greatly. It would be best if you protected their future as well as your own. 

Contact Anthony Lancaster Insurance Inc in Memphis, TN when you need to discuss your life insurance needs. 

What life insurance options do I have?

Anyone who lives in the Memphis, TN area will need to get many different types of insurance to ensure they continue to be properly covered and protected. One important type of insurance coverage to get is life insurance. When you have this type of coverage, it can help to protect your dependant’s financial futures. If you are looking for this type of coverage, there are several different types of life insurance to choose from.

Term Life Insurance

One common form of life insurance that people choose is a term life policy. With this coverage, you will have the flexibility to decide how much coverage you need and how long you need it. This makes it easy for someone to build a policy that is curtailed to meet their needs. Another advantage of term life insurance is that it tends to be more affordable than other coverage types. 

Whole Life Coverage

Another option that you have is whole life insurance. Generally, a whole life insurance policy will cost more than other forms of life insurance. However, there are investment benefits that come with it, as well. When you continue to make payments on this policy, some of your payments will slowly build up in an investment account over time. Further, a whole life insurance policy offers coverage for the rest of your life as long as you continue to make premium payments. 

Picking the right life insurance policy in the Memphis, TN area is critical. When you are looking for your next policy, you should call Anthony Lancaster Insurance Inc. The team at Anthony Lancaster Insurance Inc. can help you understand your insurance options and how they can benefit you. This will help you choose the right policy that meets your needs.

  • Grange Insurance
  • Liberty Mutual
  • Nationwide
  • Progressive
  • Safeco
  • State Auto
  • Stillwater
  • The Hartford
  • Travelers