life insurance
in west virginia
life insurance
in west virginia
Malhotra & Assoc. Insurance Has You Covered
Your West Virginia Life Insurance Experts
If you need life insurance, Malhotra & Assoc. Insurance can help you navigate the variety of options presented to you. We are an Independent Insurance Agency, and we know how to assist our clients in finding the right value for them!
No matter how much coverage you may be looking for, or what plan your family needs, you can rely on our team of life insurance professional to get you the best coverage, at the best price.
We offer honest advice, affordable prices, and a truly personalized service for all your West Virginia life insurance needs.
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West Virginia Life insurance
Frequently Asked Questions About Life Insurance in West Virginia
When it comes to life insurance in West Virginia, common questions arise.
How is the Cost of Life Insurance in West Virginia Calculated?
The type of coverage you choose, the value of coverage you want, medical history, age, and gender play a role in determining the cost of your life insurance policy.
What is the Difference Between Term Life and Whole Life Insurance in West Virginia?
A term life policy will be in place for a specified number of years, whereas whole life insurance covers the lifetime of the insured.
Purchase Life Insurance from Malhotra & Assoc. Insurance
Let our team of life insurance experts in West Virginia make sure you are protected from the unexpected. At Malhotra & Assoc. Insurance, we work with top insurance carriers to find you the best policy for your needs and budget. Give us a call today or visit one of our locations!
The Best Quotes for Life Insurance in West Virginia
If you’re thinking about buying life insurance, there are many choices available to you. Your circumstances and situation need to be taken into account when making this decision.
Unlike health insurance, buying life insurance is not necessarily designed to protect you. It’s about making sure the needs of those who are left behind are taken care of. Often, having an impartial expert to give you practical guidance will help you see things clearly.
Why Should You Buy Life Insurance?
There is a certain peace of mind that comes with knowing you have measures in place to take care of your loved ones should you pass. Depending on the type of life insurance you choose, the beneficiaries of your policy will receive money to help with funeral expenses, shared mortgages, burial costs, or other debts that could be left behind.
When should you buy life insurance?
While some people believe you should wait until later in life to buy life insurance in West Virginia, this is not entirely accurate, nor is it the most cost-effective option. If you hold-off buying life insurance coverage until you become unwell or in declining health, then you might find it harder to get the coverage you need. It is usually best to buy life insurance while you are younger, as the monthly premiums will cost less.
If you’re concerned about whether or not it’s the right time to buy life insurance, talk to a member of the team at Malhotra & Assoc. Insurance. We can talk you through the options, and help you understand the different types of coverage, the different levels, and the associated costs.
West Virginia Life Insurance Options Explained
There are three main types of life insurance you can buy. Here, we explain each in a little more detail.
Whole of Life Coverage – This type of life insurance policy is designed to cover the insured individual until they pass away. Once this happens, the policy beneficiaries make a claim to receive the benefit.
Term Life Coverage – This will cover a specific period of time, such as 10, 20, 30, or even 40 years. If you only want coverage for a certain period in order to cover loans, mortgages, etc., then this will usually be the right policy to buy. However, if you are still alive once the term has passed, then you will lose all monies paid into the policy once the term is up.
Universal Life Coverage – This is essentially a different type of whole life insurance coverage that accrues cash value, where excess premium payments can be credited to the cash value of the policy.
Submit a few quick details by using this quote form, so a member of our team can get started on your life insurance quote immediately.
Frequently Asked Questions About Life Insurance in West Virginia
What type of life insurance is best?
You need to choose between whether you want to invest in life insurance coverage that will last for the whole of your life or for a specific time period. Once we’ve helped you’ve establish which option is best for your family, your life insurance agent in West Virginia will help talk you through the costs and coverage options.
How old should you be to buy life insurance?
The sooner you purchase life insurance, the better. The longer you wait, the higher your premiums will be. If you are considering which life insurance is best for your individual circumstances, then you can have an informal conversation with a member of our team about your options.
Who should buy life insurance?
If there are family members who are financially dependent on you, then you should consider carrying life insurance. Having this coverage can make death easier and provide financial support that gives your family financial security after you’re gone.
Can you buy a joint life insurance policy with a partner?
You can buy life insurance in West Virginia for two people as a joint policy. It will cover both of you, but it will only payout for a single death. The idea being, that the partner who is left behind will have their financial future secured by the policy benefit.
Can you hold multiple life insurance policies at the same time?
Yes, you can buy multiple life insurance policies, although you cannot buy the same type of coverage through the same insurer. However, if you want to buy life insurance in West Virginia to cover different periods, or you want term and whole life coverage, you might be able to get this from the same company.
How Much Life Insurance should you buy?
Every family has unique financial circumstances, so it’s important to talk through your options with an insurance agent. Aside from covering leftover bills or expenses, you might want to consider additional monies to be left to family members in the event of your death. Talk to an insurance professional at 419-756-8910 today to discuss your coverage needs.
