Life Insurance in Phoenix, AZ
Life insurance is crucial to ensure your family is taken care of financially when you’re no longer around to do so. Life insurance can be an excellent source of financial stability for your loved ones after your passing. Choosing the right policy can be difficult, and Above All Insurance is here to help you navigate the selection process.
How Many Life Insurance Policies Can You Have?
There are technically no legal limits on how many life insurance policies you can have. However, some insurance providers may deny you if they believe you are overinsured. The total coverage you can obtain may be limited by factors such as your income and assets. Holding an additional policy may help you get sufficient coverage based on life factors not present when you first purchased a policy.
How Much Life Insurance Should You Have?
Life insurance needs vary among policyholders for several reasons. It is generally recommended to carry a policy that is several times that of your annual income. However, factors such as number of dependents, mortgage amount and future education needs may impact how much coverage to have. For example, a policyholder with five children and a mortgage may want more coverage than someone renting an apartment with no children.
How Far Back Do Life Insurance Companies Look?
Life insurance providers may examine your medical records and job history when determining coverage rates. People with health risks, such as diseases or chronic illnesses, may have more difficulty finding affordable coverage than people without health risks. The agents at Above All Insurance can help you learn more about life insurance.
How Do I Get Covered?
If you live near Phoenix, Arizona, the experienced Above All Insurance agents can assist you in learning about life insurance policies to help you select a good coverage option for you and your loved ones.
For more information, contact our agency today at 623-245-1100.