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Life Insurance News

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Central Oregon Car Insurance is important but what’s even more important than car insurance in Oregon? Life Insurance; that’s right, but sadly, the average Oregon resident regardless of their age doesn’t like to talk about life insurance even when they are uninsured.

Think About Life Insurance

Although young, non-married people may not be too concerned with not having life insurance, married people of all ages shouldn’t hesitate to have life insurance because, it doesn’t matter how old or young you are, anyone can die at any time.

Recent Statistics

According to recently released death statistics the most commonly reported deaths around the world were: Congestive Heart Failure, Liver Disease, Stroke, Auto vs. Bike Accident and occupational or on-the-job accidents.

Most people commonly hope to live until they are old and die in their beds but the reality is that a startling 5.1% of the population, under the age of 40, passed away last year. What does this mean for the uninsured? The answer is to buy a life insurance policy ASAP because, if you are uninsured, die early and leave behind a spouse and children, your family will face the chance of paying tens of thousands of dollars in burial and funeral costs.

Which Life Insurance Should You Buy?

Term Life Insurance vs. Whole Life Insurance; these are the two life insurance policies that you will have to choose from but the question that you will have is “which one is right for me?” the answer to this question depends on your life at this moment in time.

Term life insurance only covers you for a certain period of time like 10 years or 20 years while a whole life insurance policy will cover you for your whole life, and the benefit of a whole life insurance policy is that with it will accrue value over time, and with some whole life insurance policies you may ultimately be able to cash out at  and use the cash that it’s accrued towards your retirement or other uses.

To learn more about which life insurance is right for you, or to get an affordable insurance quote, contact the Farnsworth Agency today by calling us at (541) 318-8835. 

My name is Tye Farnsworth, thank you for reading this bio! I was born and raised in Central Oregon. For an affordable insurance quote please contact me at (541) 318-8835 or connect with me online.