One huge myth about life insurance in Charlottesville VA and everywhere else in America, is that you only need it if you are married and have kids. Although you may need less coverage than a man with a wife and three children, it is still a good idea to have a policy on yourself for various reasons; read on for a few of them. It is known to be cheaper to buy a life insurance policy when you are young and healthy. It isn't mandatory to have life insurance, but if all of your bills are paid, you have paid into your retirement, and your savings account is padded, a life insurance policy might be the next logical step for you. Waiting to purchase a life insurance policy from a company like Short Insurance Associates Ltd until after you are married, and have kids, will drive up your rates quite a bit; why not get the policy while you are young, healthy, and unencumbered? If you have cosigned loans, for things like a student loan or a place to live, or if you are worried about burial expenses, then you will want to check into getting a policy right away. You don't want your loved ones to be stuck with your bills when you are gone, and you certainly don't want to burden them with your burial costs.
After we purchased our first home, we realized that it might be a good idea to evaluate our insurance coverage. Although we had purchased homeowners insurance before, we had never owned a policy as large as the one we would need for our new place. Also, our new home had a trampoline and a swimming pool, which made us worried about liability. To iron out the details, I decided to meet with our insurance agent. We talked about things like monthly premiums, coverage limits, and deductibles, and it was incredible to learn more about the terminology. This blog is designed to help you with the same types of questions.