Life Insurance In Pennsylvania
Life insurance is more than just another policy. It helps your beloved ones financially after you die. It does not only protect your family, but also covers your personal loans and mortgage, and pays off your debts. If you are a resident of the state of Pennsylvania and you are thinking of getting life insurance, here is a list of things provided by Daniel Carinci Agency LLC that you should know.
- A ten-day free look period: This period allows prospective policyholders time to review their policy, evaluate it, and decide whether they want to keep it or not. The purpose of this period is to prevent insurance agents from ripping policyholders off.
- 30-day grace period: This period is legally required in case a policyholder misses a payment. During these 30 days, you can still make a late payment on your insurance without the policy lapsing.
- There are two types of life insurance to choose from: The first one is term life insurance that covers you only for a certain period of time. Its biggest advantage is that it is more affordable and simpler. The second type is whole life insurance that covers a policyholder for the rest of their life as long as insurance payments are made on time. However, it is more expensive than term life insurance.
- Pennsylvania Guarantee Association: It is committed to protecting policyholders in the event their insurance company becomes insolvent. If an insurance company files for bankruptcy, for example, the Association will step in by continuing coverage and by paying claims to policyholders.
Life insurance is not mandatory in the Keystone State. However, it is good to have it, especially if there are people who are financially dependent on you. If you are searching for a reliable insurance company to purchase a policy, Daniel Carinci Agency LLC in Pittsburgh, PA is the right choice. Our experienced and highly qualified insurance agents will answer all your questions and provide you with the detailed information that you may need. Contact our team in Pittsburgh, PA to get a quote.