 Your
Personal Agent: Michelle Gravat
As your personal Farmers agent in south Alabama, I will
be happy to schedule an appointment with you to discuss
your Life Insurance. I will review your current Life Insurance
coverages, available options and any questions you might
have.
How much life insurance* should I purchase?
If you have a family, many experts suggest that you need
an amount equal to 5 to 10 times your annual salary. However,
many people own higher coverages to provide more income
for their family.
How can life insurance
funds be used?
Your life insurance funds can be used for a number of needs,
including:
• Any needs after the time of death, such as final
illness expenses, burial costs and estate taxes.
• Funds for a readjustment period, to finance a move,
or to provide time for family members to find a job.
• Ongoing financial needs, such as monthly bills and
expenses, day-care costs, college tuition or retirement.
Compare Life Insurance:
Term vs. Permanent
Term life insurance provides you with coverage for a specific
period of time. It pays a benefit only if you die during
that term. Some term insurance policies can be renewed at
the end of the period. Premium rates may increase at each
renewal date. Because term insurance premiums are generally
lower than permanent insurance premiums, you can usually
afford a higher level of coverage. Term insurance is good
for responsibilities that will diminish or end over time,
for instance, mortgages or car loans.
Permanent insurance is designed to be a lifelong policy
and is known by a variety of names. As long as you pay the
necessary premiums, the death benefit will always be there.
These policies are designed and priced for you to keep over
a long period of time.
In addition, permanent life insurance policies can build
cash value over time. This is money that can be borrowed
against and, in some cases, withdrawn to help meet future
goals. Please note that accessing your cash value may reduce
the death benefit and increase the risk of lapse.
What's the difference
between standard and preferred rates, and how do I qualify
for preferred rates?
Most often preferred rates require you to be in excellent
overall health. Specifically, that means you must:
• Be within strict limits on height, weight, cholesterol,
and blood pressure
• Have no family history of any significant health
impairments
• Not use tobacco in any form.
• Have no history of drug or alcohol abuse
• Not be engaged in any hazardous activities.
Call Michelle Gravat to learn more about
life insurance and how it can give you peace of mind. |
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