Category: Life Insurance

Most people can benefit from having life insurance. It will allow your dependents to continue with the life they have while you are with them. At Partners Insurance & Financial Services Inc. in Huntington, WV, we provide personalized customer service to all of our clients. We are able to offer more choices and better prices because we are an independent insurance agency. 

Life Insurance FAQs

When is the best time to buy life insurance?

Before you need it is an obvious answer. Life insurance is less expensive when you are young, but if you want term insurance, you may need to buy additional policies every few years to make sure you are covering the period of your greatest need. With whole life, buying it when you are young makes sense. 

Should you have life insurance for your children?

The only type of insurance you can buy for a child is whole life. This guarantees that your child will be able to buy life insurance later on and has cash value. If you can afford it, it is a way to get them started, but it is not necessary. 

Do you need life insurance after you retire?

Your children should be grown by this point, but if you want to leave something to grandchildren or if you still have a dependent, then yes you do. Many people find that they don’t need as much and that is something to discuss with your insurance agent. 

Can you get life insurance without a physical exam?

You should be able to get life insurance without a physical exam. You will, however, have limited choices, and it will be more expensive than if you get a physical exam. Even without a physical exam, you will likely have to answer questions about your health. 

We Can Help!

Contact Partners Insurance & Financial Services Inc. in Huntington, WV for your life insurance needs. Give our office a call today. 

Whole life and term life insurance are two of the most common types of life insurance policies available at Partners Insurance & Financial Services Inc. for Huntington, WV families. Whole life insurance offers a permanent life-long financial safety net for you and your family. It provides a guaranteed death benefit as well as a cash value component that can grow over time. This makes whole life insurance an attractive option if you are looking for long-term financial stability. 

Term life, on the other hand, is designed to provide coverage for a predetermined “term” – usually 10, 20, or even 30 years. The premiums are typically much lower than those of whole life policies, making them more affordable for many people. Unfortunately, once the policy expires, it is no longer valid, and there is no cash value component to the policy. 

Overall, both whole life and term life insurance have their own unique features that may appeal to different individuals and families depending on their needs and budget constraints. If you’re looking for an affordable way to provide financial security for your loved ones in the event of your death, term life could be the right choice for you. On the other hand, if you want to build up some cash value over time while also providing your heirs with a guaranteed death benefit, then whole life might be better suited to your needs.

Reach Out To Us

If you have any additional questions or want to find a policy that is right for you and your family, give us at Partners Insurance & Financial Services Inc. a call today. We probably serve the Huntington, WV area.

Some jobs are just by nature dangerous. Firefighters and police officers are continuously in dangerous situations to protect others. Logging, construction, and fishing are among the most dangerous jobs there are. People with these jobs need life insurance most of all. Consult with Partners Insurance & Financial Services Inc. serving Huntington, WV for all your insurance needs, including life insurance policies for jobs that put you at risk. 

Life Insurance For Dangerous Jobs 

Be Prepared For A Lot Of Questions

When you apply for life insurance, the insurer will want to know how much of a risk you are. This affects which policies you qualify for and what your rates will be. They will want to know just how dangerous your job is. For example, a parking enforcement officer may not be in as much danger as a member of a SWAT team. You may have to describe your day, including what safety equipment and procedures you use. They will want to know if you work with chemicals or machinery. If you drive or fly on the job, they will want to know about your certifications as well as the frequency and miles traveled. 

The Problems With Group Coverage From Your Employer 

It’s common for companies that hire people for risky jobs to offer a group plan for their employees, but it may not be all you need. Depending on how many people you want to be covered in the event of your demise, the coverage may not go far enough. Plus, because it’s tied to your job, it won’t cover you if you switch jobs. Either individual term life insurance or a permanent life insurance policy would be the better choice. 

Contact Us Today

Your job may be dangerous, but it is very necessary. You deserve life insurance to take care of your family in the event of the worst. Partners Insurance & Financial Services Inc. in Huntington, WV will help you find what you need. 

Understanding all the different kinds of life insurance can seem daunting at first, especially if you’re new to life insurance. That’s why many people opt for term life insurance, which suits many types of people, including those who are on a budget and are fine with temporary coverage. 

Partners Insurance & Financial Services Inc. in Huntington, WV is here to guide you through this important insurance coverage.

Here are three benefits of term life insurance:

1. More affordable – On average, term life insurance policies are less expensive than whole life policies, since they provide coverage for a certain amount of time. If the policy expires during your lifetime, your beneficiaries won’t receive the death benefit. Because of the lower amount of risk your insurance company takes you, you can benefit from lower premiums. Whole life insurance policy premiums are higher since they pay out no matter when you die. 
2. More flexible – You have a wealth of options determining how long your term life insurance policy should last. Typically, you can buy coverage that lasts between 1 and 30 years. If you have coverage that lasts for 1 or 5 years, you can use it to help cover current expenses, like your child’s tuition, or short-term debts. A longer-term policy, like a 30-year term, can help cover bigger payments, like your mortgage. 
3. Simpler – Because term life insurance is generally easy to understand, shopping for a term life policy and comparing quotes is quite simple. As long as your premiums are paid for, you’re covered throughout your policy’s duration. You only have to make three key decisions: how long you want your coverage to last, how much term life insurance coverage you need, and which insurance company you want to do business with. 

Contact Us Today

If you’re in the Huntington, WV area and are exploring your life insurance options, Partners Insurance & Financial Services Inc. would be the perfect insurance company for you. With over 30 years of experience, our skilled and knowledgeable agents are committed to providing you with customized insurance protection at competitive rates. 

For more information about how we can help you and your family, give us a call and we’ll let you know about your coverage options. 

Investments are such an important part of your financial life. When most people think of investments, though, they are thinking of savings accounts and retirement funds. Your life insurance is also an important part of your investment strategy. At Partners Insurance & Financial Services Inc. serving Huntington, WV and the surrounding areas, we want to help you better understand this important investment. Keep reading to learn more. 

How Is Life Insurance An Investment?

Life insurance can be considered an investment you are making for your family, not necessarily for yourself. When you pass away, your life insurance policy will be there to ensure that your family is financially stable and can accomplish the financial goals you established for them. 

Certain life insurance policies can also be used as a type of savings or investment account which could be tapped into for financial needs before you pass away. 

How Much Life Insurance Do I Need? 

The amount of life insurance you choose to purchase will be highly dependent on your particular circumstances and your family’s goals. Some families only wish to have enough life insurance in place to cover funeral expenses, while other families expect life insurance to replace or exceed the deceased person’s income. You will need to discuss with your family what intentions you all have for the future. 

An insurance agent can also sit down with you and your family to discuss this important aspect of your policy. 

Are There Different Types of Life Insurance?

Yes, there are different types of policies that accomplish different goals. You will be able to discuss the different types of coverage with an agent. 

If you would like to learn more about life insurance, please contact us at Partners Insurance & Financial Services Inc, serving Huntington, WV and the surrounding areas. 

If you’re looking for life insurance, your search may have led you to the term "Final Expense Life Insurance." But what does this type of coverage actually involve?

It might seem like an unusual term at first glance, but it’s fairly simple and straightforward. It refers to life insurance that pays out when you die. These policies are typically lower in cost than other life insurance options because the payout is limited to covering your funeral costs and other associated costs like having the body transferred or embalming expenses, but it can also be used for any outstanding debts you might have had at the time of death.

What are the Benefits of Having Final Expense Insurance?

There are many benefits to having this type of coverage. For one, it provides peace of mind that your loved ones will be able to cover funeral costs without having to worry about draining their savings or taking out a loan.

In addition, if you have an outstanding debt such as a mortgage or credit card at the time of death, final expense life insurance will help ensure that it is paid off and not passed on to the next of kin or collection agencies.

When should you consider Final Expense Life Insurance?

While it might not be the first thing to come to mind when looking for financial protection, final expense life insurance is something we recommend every senior have. The benefits are extensive, and the costs are minimal when considering that they’re designed to cover an expense no one wants to think about in advance.

Final Expense life insurance is an affordable option for covering funeral costs and outstanding debt. It’s something every senior should consider, whether it be for their own peace of mind or to ensure that their loved ones are cared for in the event of death. If you’d like more information on this type of coverage in Huntington, WV, don’t hesitate to contact Partners Insurance & Financial Services Inc. We’re also happy to answer any other life insurance questions you might have, so feel free to reach out to us today.

If you have a family or a business, you need life insurance so that they are taken care of after you pass away. Many people choose to get a whole life insurance policy because of the benefits that it comes with. If you are interested in a whole life policy, contact us now at Partners Insurance & Financial Services Inc. in Huntington, WV to find out more. 

Life Insurance for Life

Just as the name indicates, a whole life policy is in effect for your whole life. Once you get your policy and start paying your premiums, you can keep your insurance policy for the rest of your life. All you have to do is to keep making your premium payments to keep it. If you are paying, even the insurance company can’t cancel your life insurance policy. Unlike term life policies, it doesn’t run out at a certain point. You can count on it being there for the rest of your life. 

Build Up Cash Value

A major benefit of a whole life policy is that it will eventually build up a cash value. After you have been paying into it for a few years, your policy will start having a value, and you can borrow against that amount. This is incredibly useful for those who run into a financial emergency and need fast access to cash. With your cash value, you can borrow what you need and pay it back over time just as with any loan. If you run into financial trouble, this can be just the thing to help you out of it. 

Whole Life

If you need a life insurance policy, find out more by contacting us at Partners Insurance & Financial Services Inc. in Huntington, WV and talking to an agent about your needs.