Life Insurance

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 Life insurance effectively gives your family some financial security after your death. But thinking about your death can be difficult. J A Campisano Insurance can help you find a suitable life insurance policy to provide you and your loved ones with the financial security you need. Call us today to learn more about your options or to get a quote. 


What Is Life Insurance?  


Life insurance is a contract between you and an insurer. In exchange for your premium payments, your insurer agrees to pay the designated amount in your policy to your beneficiaries at the end of your policy’s term or following your death.  


Most life insurance policies fall into two categories of insurance: term life and whole life. A whole life policy provides coverage for the entirety of your life, provided you make regular premium payments. It may also offer a cash value investment opportunity, providing a revenue source while you’re alive and the eventual death benefit. By contrast, a term life policy provides coverage only for the length of your chosen term and doesn’t offer a cash value investment opportunity. Although whole and term are the most common types of life insurance, other types may also be suitable for your needs. We can explore the various types of life insurance to help you find appropriate coverage.  


How Far Back Do Underwriters Go?  


Each insurance company has its approach to policy underwriting, including how far back in a person’s history they look to evaluate their health and risk. Typically, information such as your age, medical history and current health may help an insurer determine your policy coverage and the price of your policy premium. By reviewing your health history, underwriters may be able to assess your level of risk (e.g., if you have a history of a serious illness or condition) to insure you.  


How Long Does Life Insurance Last? 


The length of your life insurance policy depends on your specific type of insurance. Some term life policies will only last for your chosen term (e.g., 10, 20 or 30 years). Afterward, you may need to renew your policy to obtain additional years of coverage. Other types of life insurance, including whole life, remain in effect until you die, as long as you continue to pay your premiums.  


How Much Life Insurance Coverage Should I Have? 


Choosing the amount of coverage you should have is a decision that only you can make and should be done with the assistance of a life insurance professional like us. Your coverage may depend on your financial needs, such as if you want to leave money to loved ones or if there are debts, like a mortgage, that may outlast you. We can discuss the type and amount of life insurance best for your financial needs. 


How Many Life Insurance Policies Can I Have? 


There may not be strict limitations surrounding how many life insurance policies you can have, and some people choose to have multiple life insurance policies. Most insurers want to ensure that people don’t exceed their insurability limit, so they may review your existing policies to ensure you haven’t done so. We can review your current policies to ensure you’re not exceeding your insurability limit. 


How Much Life Insurance Do I Need at 60? 


The amount of insurance you may need as you age may differ from someone else’s. For instance, if your family is financially dependent on you, you may need to adjust your coverage. Regardless of your situation, we can help you with the appropriate coverage. 


Coverage That Provides a Financial Protection 


J A Campisano Insurance fulfills the life insurance needs of residents throughout New Jersey. We can explore how life insurance coverage may protect your financial livelihood and that of your loved ones. Call 732-892-8826 for a no-obligation quote on a policy that may protect you and your family.