Although you can apply for both life and disability insurance at different times, many people recommend you apply for them both concurrently. One reason is that they take the same time to apply and get approved, and you can use the same medical exam. This means you don’t have to have two separate medical exams for the application process. There are pros and cons to having life and disability insurance. We will help you determine whether they are right for you.
Life insurance for Me
Life insurance is not for everyone. For example, if you do not have financial significance to the household, you might not need life insurance. If you are the sole financial provider, it might be a good idea to get life insurance to protect the finances of your loved ones.
There are two different types of life insurance: long-term and short-term. Long-term life insurance takes effect from when you get the policy until you die. You don’t have to renew your policy with a long-term insurance policy. Short-term life insurance lasts for a certain number of years before expiring.
Disability insurance covers you if you develop a disability from an injury or illness affecting your workability. It protects your financials while you are alive. There are various types of disability coverage, some of which have different requirements for qualification. It is a good idea to talk to your insurance company to find out what the disability requirements are and whether it would be a good fit for you.
There are many reasons why life and disability insurance might be a good fit, but they are not a good fit for everyone. Talk to us at Stonewall Grace insurance in Buena Vista, VA to determine if either one or both would benefit you.