FAQ

frequently asked questions

You can learn more from our asked questions

What types of life insurance policies do you offer?

Bonds Insurance Group offers a range of life insurance policies, including term life insurance, whole life insurance, and universal life insurance. Each type of policy has its own benefits and features to suit different needs.

How much life insurance coverage do I need?

The amount of life insurance coverage you need depends on various factors, including your age, income, financial obligations, and future expenses.

What is the difference between term life and whole life insurance?

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years, while whole life insurance provides coverage for your entire life as long as premiums are paid. Whole life insurance also includes a cash value component that can grow over time.

How do I apply for life insurance?

Applying for life insurance with Bonds Insurance Group is easy. Simply contact us to schedule a consultation with one of our agents. We'll guide you through the application process and help you find the right policy for your needs.

What happens if I miss a premium payment?

If you miss a premium payment, your life insurance policy may lapse, depending on the terms of your policy. However, many policies offer a grace period during which you can make a late payment without penalty.

Can I change my life insurance coverage in the future?

Yes, you can typically make changes to your life insurance coverage in the future, such as increasing or decreasing your coverage amount or changing the beneficiaries on your policy.

Can I borrow money from my life insurance policy?

Some types of life insurance policies, such as whole life insurance, accumulate cash value over time that you can borrow against. However, borrowing from your policy can reduce the death benefit and may have tax implications.

What happens to my life insurance policy if I die?

If you pass away while your life insurance policy is in effect, your beneficiaries will receive the death benefit specified in the policy. They can use this money to cover funeral expenses, pay off debts, replace lost income, or meet other financial needs.

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Contact Bonds Insurance Group today to learn more about our life insurance solutions and how we can help you protect what matters most.
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