Many people do not know this about life insurance.

While most adults know that they should have life insurance, this is where their understanding ends.  This means that many people are surprised when they actually start learning about what life insurance can do for them.  Here are some of the life insurance facts that you may not be aware of.

  • You Have Life Insurance Options

Many adults are surprised to learn that they actually have quite a few options when it comes time to select a life insurance policy.  In addition to the life insurance that you have through your employer, there are term, permanent, universal, variable, simplified issue, and a variety of other types of life insurance policies.  With all these options out there, you are guaranteed to find the right coverage solution to meet all your needs. Check in with a licensed life insurance agent to determine which type of life insurance is best for you and your family.

  • Life Insurance May Be Cheaper Than You Think

Many people put off getting life insurance because they believe it is too expensive.  However, it’s important to understand that most standard policies are actually quite affordable.  According to the Insurance Barometer Study conducted by LifeHappens and LIMRA, most people believe that life insurance costs three times more than it does in actuality.  So, if you have been putting off life insurance because you are scared of the cost, take a chance.  It may turn out that life insurance fits into your budget more easily than you thought.

  • There’s No Open Enrollment

Many people assume that they need to wait for an open enrollment period to secure life insurance.  However, this isn’t the case.  Much like home and auto insurance, you can secure a life insurance policy whenever it is convenient for you.  To save on your policy, secure life insurance when you are young and healthy so you can lock in low rates.

These are some of the things that you may not know about life insurance.  Do you need help securing life insurance coverage?  If so, then contact the experts at Randy Jones Insurance Services in Pleasanton, California.  We are ready to get you the coverage that you need today.