Ohio Life Insurance
September is Life Insurance Awareness Month
Securing Ohio life insurance that is right for you is something that everyone should do regardless of their stage in life.
Ohio has one of the highest population densities (9th) of any of the states, and there are over 7 million individual life insurance policies in the state. If you live in Columbus, Cleveland, or Cincinnati – life insurance is available at great rates from The Buren Insurance Group, Inc.
In Ohio, there are over 500 life insurance companies that are licensed to sell life insurance. The Buren Insurance Group, Inc. stands alone as your trusted coverage ally and friend when it comes to life insurance in Cincinnati, Columbus and other cities throughout the state. By helping you navigate your way through one of the most crucial policy decisions you will ever have to make in your lifetime; we vow to secure you a tailored life insurance plan you and your family can rely on.
At The Buren Insurance Group, Inc., we want to help you determine which Ohio life insurance policy type is right for you! Our dedicated team of life insurance experts understands Ohio’s market and regulations and can find the right plan – or mixture of options – that fit your individual needs.
Term Life Insurance Basics:
- Coverage for a “term” or period of your life.
- Lower premiums for higher coverage.
- Rates can change after specific terms expire.
- No equity – cannot be used as cash value.
Whole Life Insurance Basics:
- Exactly like it says – permanent, not for a specific period.
- Protection carries with you your whole life.
- Can build equity and have cash value.
- Higher premiums than term life, but can be more valuable in the long run.
Term and Whole Life Combined:
- Build lifelong base of whole live coverage.
- Supplement specific times of your life with term insurance.
When to choose term life?
Most people choosing term life have a strategy for long term net worth. They need specific coverage for a period of their lives to protect debt, loved ones, and children. For a homeowner with children it may make more sense to have a term life policy that covers the mortgage and living requirements until their children are old enough to provide for themselves – in this case the term would expire around the time your children move out.
When to choose whole life?
Whole life can be used in the retirement years as cash assets. It can provide equity for loans and have fixed payments that do not increase with time. Often times whole life policies will pay dividends – although not always.
If you need life insurance in Cincinnati, Columbus, Ashland – or anywhere else in the Buckeye State, our agents are always here to help you. Contact us today for more information and a free Ohio life insurance quote.