My Life Family Agency, an independent insurance agency located in San Angelo TX is committed to the principals of service, integrity, and professionalism while providing our valued clients the highest quality of service with the goal of exceeding their expectations
Why Choose Us
Being independent, we represent over 40 reputable insurance companies. We can select the right carrier for each client to obtain the right coverage that fits their needs and buget.
What is Life Insurance?
Life insurance is a way for you to leave money to people you care about in the event of your death. At its basic level, it’s an agreement between you and a life insurance company. You agree to pay them and, in turn, they provide you with insurance coverage. Covered for what? Well, that really depends on you. Maybe you want to make sure your spouse will be able to pay the mortgage, no matter what happens to you. Maybe you want your family to be able to pay your final expenses or burial cost. Or you might simply want to make sure your people will be ok paying day to day bills if you’re not around to provide for them.
Do I Need Life Insurance?
Now that you have the basics, you might wonder if you need life insurance. To find out, ask yourself the following questions:
- Do I contribute a meaningful portion of your family's income?
If you support (or will support) a spouse, kids, parents, grandparents, siblings, or others and the loss of your income would affect whether they can pay for costs like food, housing, or childcare, you need life insurance.
- Do you have a mortgage?
If you have a loan that someone else has co-signed, they may be required to make the full payments when you die. How about a family member (spouse, partner, sibling, or children) that will have to take over the payments. Then you should consider life insurance. Protect them before it’s too late.
- Is your life insurance through work not enough?
Most likely, it's not. If you have access to a group life insurance policy at your workplace, there's usually no harm in participating, especially if it's included as part of your benefits package. But if you fall into any of the categories above, the death benefit included in your policy at work probably won't be enough to adequately cover your beneficiaries’ needs. If the answer is yes, you need life insurance.