Life Insurance

Life Insurance In Pennsylvania

Buying Life Insurance in Pennsylvania

There are several reasons why you want to get life insurance. It helps provide for your family after you are gone, so they don’t have to struggle financially. When you are getting life insurance with Milestone Insurance Agency, Inc., there are a few things to keep in mind. In order to know how much life insurance you should get, you should see what financial resources your dependents would need to keep their current standard of living. Calculations should also include your current coverage, as well as other assets you have, such as real estate, investments, and savings. To best understand the income your dependents will need, consider expenses and future obligations, such as educational costs.

Types of Life Insurance in Pennsylvania

Every life insurance policy will determine an amount that is paid to your beneficiaries when you die, but not all policies are created equal. Some only provide temporary coverage, while others build cash value that you may be able to use while you are still alive.

Term life insurance only covers you for a specified period. If you die during that term, then your beneficiaries get the payout. You may be able to renew the policy, but premiums are usually higher at renewal since you are older, and your health status could have changed.

Whole life insurance will protect you for your entire life. You pay the same premium, but your premium may be higher than term insurance. These policies also develop cash value. If you stop paying your premiums, you can take the cash or use the value to buy other insurance protection. You can also borrow against your cash value when you take a policy loan.

You are also able to buy a combination of different kinds of insurance. You can get whole life insurance to ensure that you have coverage for your entire life and then term insurance for a period when you need insurance the most, such as when your kids are growing up, or you still have your mortgage to pay off.

Contact Milestone Insurance Agency, Inc. to get a quote on life insurance.

Our Insurance Services

When it comes to auto coverage more is better than less. We can help you get the following coverages:

  • Liability Insurance
  • Uninsured Motorist Protection
  • Collision Insurance
  • Medical/Personal-Injury Protection
  • Comprehensive Insurance
  • No-Fault Insurance

Partner Carriers

  • AIC
  • Bristol West
  • Encompass
  • Erie Insurance
  • Foremost
  • Grange
  • Hagerty
  • Kemper
  • National General
  • Nationwide
  • Progressive
  • Safeco
  • State Auto
  • Stillwater
  • Tapco
  • The Hartford
  • Travelers Insurance
  • Utica First