Malhotra & Assoc. Insurance Has You Covered
Indiana’s Life Insurance Experts
Buying life insurance is a serious decision. At Malhotra & Assoc. Insurance, our team of independent insurance agents can help guide through your options and find you and your family the right coverage at the best price.
Regardless of the amount of coverage you need, we ask the right questions to help tailor a package that caters to your individual needs. We can offer different pricing and payout scenarios and use our extensive reach into the insurance sector to get the best quotes for your life insurance.
We offer honest advice, affordable prices, and truly personalized service for all your Indiana life insurance needs.
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Indiana Life insurance
Frequently Asked Questions
When it comes to life insurance in Indiana, we tend to get the same questions often.
What Type of Life Insurance Policy is Best?
The crucial decision is whether or not you want the policy to last for a period of time or your whole life. Once this has been established, you then need to work out how much coverage you would like and review the costs.
Can You Buy Life Insurance for Two People on One Policy?
Yes, this is possible. You can get a joint life insurance policy in Indiana for you and your spouse. However, it will only payout for a single named person. The notion behind buying joint policies is that the remaining partner will have some additional financial security should their partner pass away.
Get Insured Today with Malhotra & Assoc. Insurance
Life insurance doesn’t have to be complicated. Malhotra & Assoc. Insurance will make sure you don’t have to break the bank to prepare for the unexpected. Working with top carriers, we will find and develop a policy that fits you, your family and your wallet. Give us a call today visit us at one of our locations!
The Best Prices for Life Insurance in Indiana
With so many life insurance options online, it’s easier than ever to find and buy life insurance in Indiana. However, without an understanding of how the market works and a clear idea of the different policies and their structures, knowing which life insurance policy is right for you isn’t always clear-cut.
Let our expert team of knowledgeable insurance professionals help by offering independent guidance that accounts for your time of life, family, financial obligations, and more.
Buying life insurance isn’t designed to address your immediate needs. It’s about taking care of the needs of your family in the event of your death. Having an impartial expert to give you practical guidance can help you see things clearly, and allow you make sense of the choices you have.
Do I Need to Buy Life Insurance?
If you have a family or people who depend on you financially, then buying life insurance can afford you a little extra peace of mind. In the event of your death, they will receive money to help pay towards the cost of a funeral, mortgage, burial costs, and any other left-behind expenses. It is by no means state-mandated insurance, but it can provide you with some reassurance that if you die, the impact of your death won’t place any additional financial burden on your loved ones.
When is the Best Time of Life to Buy Life Insurance?
There is no definitive answer to this, but the general consensus is, the younger you are when you buy life insurance, the lower the premiums are going to be. If you wait until you are in a declining state of health, it could cost a significantly higher amount, or you might be refused altogether.
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 will be happy to talk you through your options to help you understand the different types of coverage, levels, and costs.
Life Insurance Options in Indiana
Term Life Insurance
This covers a period of time, such as 10 or 20 years. If you are thinking about paying for college or clearing a mortgage, then being able to pre-set the term of a policy is an ideal option. The only drawback to this is if you are still alive when the policy term comes to an end, then you will have to purchase a new policy to continue coverage.
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.
Whole of Life Insurance
Whole life coverage will provide insurance until the insured person passes away. Once this happens, the policy beneficiaries make a claim to receive the benefit.
Buying life insurance in Indiana with Malhotra is easy. You get professional guidance and help in weighing up all your options. With such an important decision, it’s essential you get complete clarity on your options and the choices that are available to you.
Our team will present you with the best options for your individual needs and ensure you get a tailored life insurance policy that works for you.
If you prefer, you can submit a few details quickly using this quote form, and a member of the team will get started on your life insurance quote immediately.
More Frequently Asked Life Insurance Questions in Indiana
How is the Cost of Life Insurance Worked Out?
Essentially, the biggest differential in costs come with the type of policy you choose. If you buy term life coverage, this will cost less than a whole of life policy. However, if you’re trying to balance affordable life insurance options, then a term life policy is usually the most flexible as you can change the benefit amount. Other factors, such as your age, gender, and medical history, will also form part of the overall cost of your life insurance policy.
How Much Life Insurance Should I Get?
Can You Hold More Than One Life Insurance Policy at the Same Time?
Yes, this is possible. However, although you may purchase multiple life insurance policies, it is not usually possible to buy the same type of coverage through the same insurer. If you want Indiana life insurance policies that cover different time periods, this can be done.
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