Life insurance is a lasting gift that can help your family and loved ones survive financially after you have passed away. If you have someone who depends on you and your income, it can make sure that they’re able to maintain their current lifestyle. Even if you are not there to provide for them. If you live in New York or Pennsylvania, you can count on AW Burchell Agency Inc. to be there for you to answer questions and to help you if you need to file a claim.

When should I start buying life insurance?

Some parents buy whole life insurance policies for their children to get them started at an early age, so it is never too early. When you are young and healthy, your life insurance will be the best price ever, so as soon as you can afford to, is the best answer. You don’t need to start big, but you should start.

Can I have more than one beneficiary?

Yes, you can have pretty much as many beneficiaries as you want. Keep in mind if you are choosing grandchildren, for example, they will not be able to collect until they are of age.

Why should I buy whole life insurance?

Whole life insurance will stay with you for your entire life. It doesn’t have a term, the payment won’t go up, and it will last all of your life. It earns cash value, and if you have it long enough, it will be worth more than face value. You can also borrow against this policy if the need should ever arise. It makes a nice addition to a lifetime financial plan.