Life Insurance

A life insurance policy can give you peace of mind, knowing you have taken care of your family’s needs. Many people have life insurance to ensure their loved ones have financial protection after they die.  

The Jones - Byrd Insurance Agency of North Carolina can help you get life insurance coverage that helps you and your family. 

What Is Life Insurance? 

A life insurance policy is a contractual agreement with an insurance company. As a policyholder, you agree to make premium payments for your life insurance coverage. When you die, your insurer agrees to pay your beneficiaries money (death benefit).  

How Far Back Do Life Insurance Companies Look?  

Insurance companies use different approaches to their policy underwriting. Insurers typically use various information to determine your policy coverage and the price of your policy premium, such as age, your medical history and current health, and other data. This means that underwriters may look back a few years to review these aspects of your health, and certain events could affect your overall policy options or premiums. We can explain our processes, and we will work with you to get you an affordable insurance policy. 

How Many Life Insurance Policies Can I Have? 

You can choose to have multiple life insurance policies. For example, some people may have a policy through their employer and also decide to purchase another policy directly from an insurance company. However, insurers want to ensure people don’t exceed their insurability limit. As a result, insurers may review a policyholder’s existing coverage to ensure they haven’t maxed their limits. 

If you’re unsure about what policies you want, it’s a good idea to begin with a single one. We can explore additional coverage—or another type—if you feel you would benefit from more policy coverage.  

How Much Life Insurance Do I Need at 60? 

The amount of life insurance you need, especially near retirement, depends on the individual. If you have family members who financially rely on you, your life insurance policy should reflect this. We can help you determine the coverage you need, especially if you have certain expenses, such as a child’s college tuition, a mortgage or end-of-life expenses, that are your financial responsibility. 

Protect Your Family and Financial Future 

Life insurance is a meaningful discussion to have. At Jones - Byrd Insurance Agency, we can discuss your financial future and help you with a policy that protects your financial livelihood. Our team at our four North Carolina locations can get you started on a life insurance policy. Call our Dunn office at 910-892-3440, our Coats office at 910-897-3100, our Angier Office at 919-639-8949 or our Erwin Office at 910-897-4531.