Questions to Ask When Applying for Charlotte Life Insurance: Part 1

There are multiple reasons to apply for life insurance, including protection of your mortgage, aiding in income replacement, assisting in college tuition, and final expenses. This is where Latorre Insurance Group in Charlotte can help. For a decade, they have been assisting people like you in finding the perfect, individualized insurance plans for their personal, auto, property, and professional needs.

Before you decide on a life insurance plan, however, there are several questions that you need to be prepared to ask.

 

  • What do you want your life insurance to do for you?

When asking this question, it is important to consider your purpose for applying for life insurance. Whether it’s for your family, your mortgage, to ensure inheritance after your death, or even to make a donation to your favorite charity, Latorre’s agents can help you select a plan that is personalized for you.

 

  • What are the different types of life insurance?

The two types of life insurance with which you should be familiar are group and individual.

Group insurance tends to be company-offered and typically offers protection against financial strife and damages. The application process for group insurance is simple, usually consisting of a short questionnaire, and, in some cases, you are able to consider additional benefits, like medical or dental.

Individual insurance has its own advantages. It gives you the opportunity to individualize your plan, and, in the event that you change jobs, you can take it with you. To apply for individual insurance, you are expected to undergo a medical exam, as well as submit your family’s medical records.

 

  • For a term life insurance, what happens when the term is complete?

Several things can happen when the term on your Charlotte life insurance policy is complete. The amount of your premiums may increase, you might have the option of applying for a new policy, or you can upgrade to a permanent policy. Additionally, you can amend your current policy, choosing to limit or extend your coverage.

 

These are questions that Latorre can help you answer to determine the ideal life insurance plan for you.  Stay tuned for Part 2!