Life Insurance

Few things are more important than your family’s and loved ones’ financial well-being, which is why life insurance is essential. Life insurance can provide financial support to your family when you’re no longer around to do so. Selecting a policy can be difficult, so the agents at Eckenrode Financial Services are here to help you decide on the proper coverage.

What Does Life Insurance Cover?

Life insurance usually comes in two forms:

·        Term life insurance plans often last for 10, 20 or 30 years. You pay a premium for a period of time, and if you die during that time, the policy pays a cash benefit to your family (or anyone else you name as your beneficiary).

·        Whole-life insurance policies remain active indefinitely as long as you pay your premiums. Many policies offer cash accumulation and interest benefits. When you die, your beneficiaries will receive a set death benefit.

Contact our agency to learn about the right coverage for your situation.

How Much Life Insurance Do I Need?

Life insurance needs vary significantly among policyholders. Policies differ for reasons such as age and the number of family members a policyholder has. Regardless, it is never too early or late to acquire life insurance. Contact Eckenrode Financial Services to learn about the appropriate policy for your unique situation.

How Many Life Insurance Policies Can I Have?

There is generally no limit to the number of life insurance policies someone can have. However, insurance providers might limit the amount of coverage you can buy. If you purchase multiple life insurance plans, you should ensure that the benefits align with your income and assets.

Learn More

If you live near Martinsburg, West Virginia, the dedicated agents at Eckenrode Financial Services are here to help you decide on the right life insurance policy for your situation.

To learn more about potential life insurance policies, contact us today at 304-267-2100.