Life Insurance
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Get a life insurance
What is life insurance?
Life insurance is a contract in which a policyholder pays premiums in exchange for a lump-sum death benefit that may be paid to the policyholder's beneficiaries. The lump-sum benefit is paid when the policyholder either passes away or a specific amount of time has passed. Life insurance policies can help provide financial security by replacing lost income and covering expenses.
Do I need life insurance?
Life insurance helps you plan ahead and provides long-term financial security for your family when they need it most. Life insurance can help your family with:
- Replacing lost income
- Covering outstanding debts
- Funding future education
- Providing a financial safety net
- Managing funeral costs
You can't put a dollar amount on your loved ones, but a term life insurance policy can help ensure their future is protected. Determine how much coverage you need and how long it's needed, and the OMI Ent Insurance and its partners can provide an affordable life insurance policy that is the perfect fit for you and your family. Get a life insurance quote online and get the satisfaction of knowing your loved ones are protected.
When should you get life insurance?
Ideally, a person should secure a life insurance policy as soon as they have financial dependents, such as a spouse, children, or even aging parents, or if they take on significant debt like a mortgage. Locking in a plan while you're young and healthy not only saves money over time, but also ensures financial protection is in place long before any unexpected life events occur.
How much does life insurance cost?
The cost of life insurance depends on several factors, such as age, medical history, and lifestyle. The coverage amount and policy type also play a significant role in determining life insurance costs.