Looking for Life Insurance in Palmyra, Harrisburg, Lebanon, or Lancaster, Pennsylvania?
Making sure your family is protected in the face of any unfortunate events happening to you is a very important thing. No one knows what the future will hold, but having a proper policy in place offers peace of mind.
Life insurance can be tricky and complex, but it’s one of the biggest and most important investments you can make for your family and loved ones. We can help you through the process, and make sure you have the coverage you need.
We make buying life insurance easy
At Bowman’s Insurance Group, we make the process of buying life insurance extremely simple.
We have access to a wide range of life insurance companies so we can survey the marketplace and based on your individual rating criteria, find the best possible life insurance policy at the best price.
When purchasing life insurance there are a few things to consider. Do you want Term Life Insurance, Whole Life, or Universal Life?
Term life is where you pay a premium for a predetermined amount of time, and it pays out only if you die during that period.
Whole life insurance has no set time period. You pay premiums until the event of your death, and the policy pays out. You can sometimes have the choice to take a lump sum while alive, and this reduces the amount that is paid out when you die.
Universal life resembles whole life in many ways, but is more flexible. You can borrow money against the policy and repay it later. If there is money outstanding when you die, it can severely reduce the amount paid out.
The right policy and premiums you pay depend on a lot of factors. Age, medical history,and the amount you want for the policy payout all affect things.
How much life insurance do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess, or just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.
One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.
The amount of coverage you need depends on a number of different variables. Here are a few examples:
- how many children you have
- your future earnings potential
- whether or not you’re married
- spouses future earnings potential
- you and your spouses age
- amount of debt you have
How to get started on your Life Insurance quote
To get started on your quote, call our office or click over to our quotes page.
Either way we’ll make the process simple!