Life Insurance Myths Uncovered In Newark, NJ

Life insurance is very important. It provides protection for you as well as your family in the event of your passing. There are different myths that you need to know about in order to effectively purchase a policy in Newark.

You are Too Young

Many people believe that they are too young for life insurance and this is something that should be purchased upon retirement. The reality is that there are plenty of reasons why 30 and 40-year-olds should be purchasing life insurance, and at the top of the list is that it is more affordable.

Employer-Provided Policies are Sufficient

Every policy is a little different and therefore you need to look at what your employer is providing. It is likely a term policy and disappears once you leave the company. It may also only be one or two times your annual salary, which would not be sufficient enough to protect your family.

Online is Where to Buy a Policy

While you can get some deals online when purchasing life insurance, many people purchase without knowing exactly what they are getting. Speak to an independent insurance agent so that you can discover more about available policy options.

Buy Term and Invest the Rest

There are some big differences between term, whole, and universal life insurance. A big myth is that people believe you should buy term life insurance and then invest the difference since it is the cheaper option. However, whole and universal can provide a cash value – and it is definitely something worth exploring, especially if you have it available within your budget.

There are plenty of other myths out there, and speaking to an independent insurance agent can enlighten you about the possibilities.

At E.S.T.I.R. Inc. we look forward to helping you find a policy that you can count on for life insurance. Call now and one of our agents can answer questions, get quotes, and more.


Ask Your Insurance Agent About Multi-Policy Discounts After Your Wedding in Newark, NJ

After a wedding, the last thing most couples have on their mind is to call their insurance agent. At E.S.T.I.R. Inc., however, we strongly urge newlyweds to contact their insurance agent shortly after becoming wed. Many insurers will give couples discounts on their insurance rates after they’re married, but insurance agents can only help couples get this discount if couples first call to share the good news.

Many Married Couples Qualify for Multi-Policy Discounts

There are many insurance discounts that people may qualify for. One that married couples, in particular, often qualify for is a multi-policy discount. Most insurers will lower a couple’s insurance premiums if they have more than one policy with the insurer.

While individuals who maintain both an auto insurance policy and at least one other insurance policy may qualify for a multi-policy discount, not all single people have more than one policy. Married couples, however, often have more than one car and also need homeowners, condo or renters insurance. Therefore, most married couples qualify for multi-policy discounts if they purchase all of their insurance policies through one company.

Contact Your Insurance Agent to Learn More About Multi-Policy Discounts

Multi-policy discounts vary from insurer to insurer, even though almost all insurance companies offer them. If you’d like to learn more about any multi-policy discounts that your insurer offers, contact your insurance agent. They’ll be able to help you figure out whether you qualify for a discount and what you need to do to get it if you do.

If you don’t have an insurance agent, or if your insurer doesn’t offer a large discount, contact us at E.S.T.I.R. Inc. We have independent insurance agents who can compare discounts from every insurer in Newark, NJ and find you the best one. To reach us, send us a message through our website or give us a call today!