Life Insurance in Zanesville, OH

Life insurance is an essential way to provide financial security for your loved ones if you pass away. Knowing how life insurance works and where to purchase it can help you make the best choices to protect your family’s future.

At Boyer Insurance LLC, we’re here to help you find the right life insurance policy to ensure your loved ones are cared for, no matter what the future brings.

What Are the Types of Life Insurance?

There are two primary types of life insurance, including:

• Term life insurance—A term life policy provides a death benefit to your loved ones if you die during the policy’s term. This term might be a period of 10, 20, 30 or more years, depending on the expiration date of the policy. If you do not die during this time, the policy does not pay and will expire when the term ends. You will also have to reapply for a new policy if you want to continue to have coverage.
• Whole life insurance—A whole life policy will last for the remainder of your life once you enroll. It will not expire unless you stop paying for it. Additionally, such a policy offers cash value investment opportunities. This cash value component can enable you to receive a source of income during your lifetime (in addition to the eventual death benefit).

Several other types of life insurance also exist. Speak to one of our agents to determine which type of coverage suits your particular needs.

What Do Life Policies Cover?

A life insurance death benefit can be used for any reason, including the following.

• Income replacement—This can replace the income your family would lose if you were no longer around, helping them maintain their standard of living.
• Debt repayment—The payout can be used to pay off any debts you leave behind, such as a mortgage, car loan or credit card debt.
• Education costs—This can help fund your children’s education, ensuring they have the financial support needed for their schooling.

Some policies also offer living benefits, which allow you to access a portion of the death benefit if you are diagnosed with a terminal illness.

How Does It Work?

Life insurance is an agreement between you and an insurance company. You pay regular premiums, and in return, the insurer may make a death benefit available to your beneficiaries when you pass away. This payout can help cover expenses such as funeral costs, mortgage payments and everyday living expenses.

Where Can I Find Life Insurance?

You can purchase life insurance through insurance companies, brokers or online platforms. In Ohio, Boyer Insurance LLC is a trusted provider of insurance solutions. We can offer personalized service to help you understand life insurance options and find a policy that meets your unique needs. Contact us today to learn more.