Question 1

Do I need life insurance?

Accepted Answer

If you have a partner, children, or elderly parents who depend on you for support (financial or otherwise), then it’s a wise decision to purchase life insurance to provide them with a financial safety net, should something unexpected happen to you.

Question 2

What does life insurance cover?

Accepted Answer

Life insurance benefits are paid in full in one lump sum to your beneficiaries when you die. Your beneficiaries can choose to use the money however they please. Some people use the funds to pay off a mortgage. Often, life insurance benefits are used to care for children, fund college expenses, and cover day-to-day living expenses. They can be used to settle unpaid medical bills, taxes, or co-signed debt. In special circumstances, life insurance proceeds can be used to cover estate taxes your family would pay to inherit your other assets.

Question 3

When is the best time to get life insurance?

Accepted Answer

The best time to get life insurance is when someone depends on you. Also, the younger you are, the more affordable your life insurance is likely to be. It’s a smart move to lock in a low monthly price now, which will stay flat for the entire term of your policy. As your needs change over time, you can change your insurance. If you have another child or buy a bigger house, your needs might increase, and you can apply for more coverage. As you save money or earn more over time, your needs might decrease, and with Pine Valley you can decrease your coverage (with no fees or penalties).

Question 4

Can I get coverage, even if I've had some health problems?"

Accepted Answer

At Pine Valley Planning, every customer is underwritten individually and receives a price based on many factors.  Health history, current health, age, sex, and use of tobacco all go into the underwriting decision. Unfortunately, in certain cases, health problems can result in being declined for coverage, however, health problems in no way preclude you from applying. We have several happy clients who have had a history of health challenges.

Knowledge Center

Life Insurance Basics.

Determining Your Needs.

What's different about Pine Valley.

Life Insurance Basics.

Determining Your Needs.

What's Different About Pine Valley.

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