Click to Call
925 Partners Insurance Agency

701 Riverside Park Place
Suite 202, Jacksonville, FL 32204

Get Directions

Featured Insurance Blog

Life insurance FAQs

One of the most important things you can do for your family is to purchase life insurance.  While you are with them, you are there to support them emotionally and financially. Life insurance extends that care after you are no longer there in person. If you have questions about life insurance, you are not the only one. Having an independent insurance agent who can answer your questions makes purchasing life insurance easier. At 925 Partners in Jacksonville, FL, we have a team of professionals who work to provide our clients with personalized service. 

What type of life insurance should I buy?

Basically, there are two types of life insurance; term life, and whole life. Term life insurance is called term because it lasts for a specific number of years. At the end of the term, you may be able to extend your policy, but the rate will go up. Whole life insurance lasts for your entire life and it earns cash value. Term life is less expensive, but once it ends, if your health has deteriorated, you may no longer be able to buy life insurance. Both types have benefitts and negatives. 

How much life insurance do I need?

This is a complex subject that doesn’t have just one answer. How much life insurance you need is particular to your situation and who depends on your wages. It also depends on what your income is. 

Can anyone take out an insurance policy on me?

No, a stranger can not purchase life insurance for you. To purchase life insurance for someone, you must have an insurable interest. 

Can I choose a child as a beneficiary?

You can choose anyone you want as the beneficiary, but be aware that a child will not be able to collect the money until they are of legal age in the state where they live. 

Contact 925 Partners in Jacksonville, FL when you need information about life insurance. 

Types of Life Insurance Options

Having a life insurance policy in place will give you peace of mind knowing that your loved ones are taken care of if something happens to you. There are three main types of life insurance coverage you can choose from, including whole life, universal life, and term life insurance. The life insurance agents at 925 Partners in Jacksonville, FL understand the importance of life insurance policies and can help you choose the correct option for you.

Whole Life Insurance

A whole life insurance policy has a savings component to guarantee a return rate on cash. Also, the cost is a set amount that does not change from the time of your purchase. With the death benefit, this type of life insurance policy is guaranteed to last throughout your whole life.

Universal Life Insurance

A universal life insurance policy is very similar to a term life insurance policy, but it has a savings component associated with it. You pay a premium to keep the death benefit in place until you die or cancel your policy. While the savings part of this policy draws interest, which is a good thing, the premium amount goes up as you age.

Term Life Insurance

With a term life insurance policy, you will pay a certain amount of a premium throughout the level that you choose. For example, you can sign up for a policy that lasts 10 years, 20, or 30. At the end of the term, most insurance companies will let you renew your policy but at a much higher rate than the premium cost.

No matter which type of life insurance policy you choose, the life insurance agents at 925 Partners in Jacksonville, FL can assist you with your policy and provide you and your loved ones with the security you deserve. Call for an appointment and quote today!

Life events that require you to rethink your life insurance

Life insurance is one of the most important things people do to protect their loved ones. Nobody likes to think about their death, but if you do pass away, life insurance will take care of those you love. Life insurance needs to change over your lifetime, and some events require you to reassess the amount and type you have. Your insurance agent can help you out, and in Jacksonville, FL, 925 Partners is the one to call to make sure your life insurance meets all your needs. 

Buying life insurance for yourself should begin when you get your first job. Your employer may provide some life insurance, but you should also get some yourself, so you never lose your coverage if you change jobs. The next life event requiring a rethink of your life insurance is the purchase of a home. If you have a mortgage, you don’t want to leave your family holding the bag. Having enough life insurance to cover your mortgage will take care of that. 

Getting married is a significant life event, and part of your role in a marriage is to be sure your partner is always provided for. This goes for either partner, and making sure the name of the beneficiary on your policy is changed is also important. 

When you welcome a child into your family, you start to think about the future. That future may include college for this child, and life insurance can help you to plan for that major financial event. 

As you get ready to retire and look to your golden years, it is time to reevaluate what part your life insurance plays in your retirement. 

Many life events happen and result in changes to your life insurance. 925 Partners in Jacksonville, FL will help you to determine the best way to make your life insurance work for you. Give us a call or stop by the office for a quote. 

Four Reasons Every Parent Needs to Invest in Life Insurance

Do you have kids? Our 925 Partners team in Jacksonville, FL has put together a list for moms and dads regarding life insurance. Here are four reasons every parent needs to invest in life insurance.

Reason #1: Funeral Expenses

Perhaps the most important reason for parents to get life insurance is for funeral expenses. The cost to bury or cremate a loved one can easily be in the thousands—a cost that a grieving spouse and children might not have without a life insurance policy.

Reason #2: Loss of Income

In most cases, the loss of income of the parent who has passed away is a big deal for a family. Thankfully, the lump sum from the life insurance policy could be used to help pay the mortgage, keep up with utilities, or otherwise allow the same standard of living until additional arrangements can be made.

Reason #3: Replace the Value of a Stay-at-Home Parent

What about stay-at-home parents? Do they need life insurance, too? The answer is, yes! A parent that manages the household and watches the children is harder to replace than one that works for an outside company. Having a policy on hand can help you afford additional help, such as babysitters or cleaning services, to help temporarily fill the void while your family gets used to a new sense of normal.

Reason #4: College Expenses and Savings for the Children

Another reason to have life insurance is for college expenses and savings for the kids after the death of a parent. The funds from a life policy can be set aside to fund these hefty future expenses, creating a better future for the child even though they no longer have a living parent.

Of course, these are just a few of the many reasons why parents should have some form of life insurance. There is a variety of options when it comes to a policy.

Ready to learn more? Contact our team at 925 Partners in Jacksonville, FL to schedule your no-obligation coverage review appointment.

Testimonials

  • American Integrity
  • American Traditions
  • AmTrust
  • ASI
  • Auto Owners
  • Bankers
  • Berkshire Hathaway
  • Cabrillo Coastal
  • Capitol Preferred
  • Centauri
  • Chubb
  • Cincinnati
  • Colonial Life
  • Citizens
  • Cypress
  • Edison
  • FCBI
  • Federated National
  • FFVA
  • FHM Insurance Company
  • Florida Blue
  • Florida Family
  • Florida Peninsula
  • Frank Winston-crum
  • Frontline Insurance
  • GeoVera
  • Guard
  • Guardian Life
  • Markel
  • nationwide
  • Ntional Interstate
  • Philadelphia
  • Pure Insurance
  • safeco
  • Stillwater
  • Travelers