Click to Call
Amy Tounget Insurance Agency, LLC

101 S 3rd St
Midlothian, TX 76065

Get Directions

Amy Tounget Insurance Agency, LLC Blog

4 Moments to update your life insurance

Few debate "why" you should have life insurance. Deciding "when" can be a little more tricky. Many inaccurately assume that life insurance is only important as you get older. However, this couldn’t be further from the truth. In fact, owning a life insurance policy earlier is actually less expensive, allowing you to lock in premiums while you’re young. Life insurance is crucial throughout every stage of life.

Amy Tounget Insurance Agency LLC knows it should grow with you too. serving the greater Midlothian, TX community, our agents believe clients should routinely update and modify their policies to best reflect their current needs.

Here are the four life moments that call for an immediate review of your life insurance coverage:

Getting married

Walking down the aisle is a financial union. If a spouse suddenly passed away, debt could stack up. Life insurance protects the surviving partner.

Buying a home

Most families need two sources of income when paying off a mortgage. Life insurance can supplement lost wages, enabling your spouse and kids to stay in their home even after you’re gone.

Having a baby

Sleep a little easier. While having a baby is stressful enough, life insurance is a security blanket. It ensures your newborn’s future is safe.

Retiring from work

Life insurance’s primary purpose is to replace lost wages. As you near retirement, this becomes less important. Social Security and pensions may be enough. Because of these benefits, retirement may be the perfect time to actually decrease your life insurance protection.

Give Us A Call

Let Amy Tounget Insurance Agency LLC in Midlothian, TX craft a policy that meets your needs at every stage of life. Schedule an appointment today.

Choose an Eco-Friendly Burial and Give Back to the Environment

Choosing an eco-friendly burial is a great way to give back to the environment. There are many options available, from traditional cemeteries to natural burial grounds. You can even choose to have your ashes scattered in a particular place. Whatever you decide, ensure you have the right life insurance coverage from Amy Tounget Insurance Agency LLC in Midlothian, TX to help with your final expenses.

The Environmental Benefits of Green Burial

Green burial is when the body is buried in an environmentally friendly way, and it has many benefits.

  • One benefit of green burial is that it does not require the use of harmful chemicals. Traditional burial methods often involve the use of formaldehyde, which is a known carcinogen. Green burial does not use chemicals.
  • Green burial is energy efficient. Cremation requires a lot of energy to heat the body to the high temperatures needed to turn it into ashes. Green burial requires little to no power.
  • Some green burials do not require land use. A body buried in a traditional cemetery takes up a lot of space. This space could be used for other things, such as planting trees or gardens.

How To Arrange For A Green Burial

There are a few things to consider when planning a green burial.

Find a funeral or cemetery certified by the Green Burial Council first. In addition to choosing an eco-friendly casket or shroud, you’ll need to plan for the burial. Many companies make eco-friendly burial products out of sustainable materials such as bamboo, wool, and recycled paper. A special place in nature should be chosen and the burial site should be prepared appropriately.

Of course, the best way to ensure your burial and final services will be paid to invest in a life insurance policy. At Amy Tounget Insurance Agency LLC, we’re here to help our Midlothian, TX neighbors find the policy that fits your individual needs.

Types of Life Insurance

When you have people who depend on you, it’s important to have life insurance. This can leave a legacy behind for your loved ones after you’re gone. There are two main types of life insurance that are available, and each has its own benefits and drawbacks. The kind you choose should go the best with your budget and preferences. When you want to know more, call us at Amy Tounget Insurance Agency LLC in Midlothian, TX. 

Types of Life Insurance

Term Life Insurance

One popular type of life insurance is term life. It is called this because it runs for a specific term of time. The policy is set for a specific amount of death benefit, and this benefit is good for the number of years of the contract. It’s common for these policies to run for 20 or 25 years. After the term is over, the policy is canceled. To get new insurance, you have to reapply for a new policy. These policies benefit from having a relatively low cost, and that cost stays the same throughout the term. 

Whole Life Insurance

This kind of policy is named whole life because it is good for your entire life. Once you get the policy, it can’t be canceled as long as you continue to pay the premiums. These policies are more expensive than a term-life policy, but many people appreciate that they can’t be canceled and will stay in effect no matter what their age. These policies also build a cash value that policyholders can borrow against if they should ever need to. 

Get Your Life Insurance Policy

No matter which type of life insurance you choose, it’s important to have it in place. When you are interested in getting a life insurance policy, call us at Amy Tounget Insurance Agency LLC in Midlothian, TX.

Life insurance FAQs

Life insurance is one of the most essential types of insurance but one that is not particularly well understood. It is always good to have an expert to advise you when it comes to who should have it and how much you need to have. At Amy Tounget Insurance Agency LLC in Midlothian, TX,  we are an independent agency dedicated to providing our customers with the highest level of service. We will provide the customized service that you require. 

If you have questions about life insurance, you are not the only one. Most people don’t know much about life insurance, and before you purchase any, you need some answers. 

When is the best time to buy life insurance?

The obvious answer is before you need it. Life insurance goes up in price the older you get and if you have any health issues. The young and healthy get the best rates. But certainly, when you have dependents who count on you, it is a necessity. 

Is your work provided life insurance enough?

No, it should not be the only coverage you have. You need to have full control of the amount and type of life insurance in your portfolio. What if you change employers or get a serious illness and are no longer able to work? What will happen to your life insurance? You could potentially lose it and be without coverage. 

Can you have anyone you want as a beneficiary?

Yes, the choice of beneficiary is yours to make. Keep in mind that if you choose someone under the age of 18 or 21, depending on the state, they will not be able to collect the death benefit until they reach the age of adulthood. That age is not the same in every state. 

Contact Amy Tounget Insurance Agency LLC in Midlothian, TX when you are in the life insurance market or need your current policies reviewed. 

 

 

How much life insurance is enough?

One of the most frequent questions people ask about life insurance is how much is enough?  No one answer is right for every person, everyone has different needs and different components that go into that decision. Having an insurance agent who really gets to know you can help you come up with the right figure. At Amy Tounget Insurance Agency LLC Midlothian, TX, we’re locally owned and dedicated to making sure our customers get exactly what they need at a price they can live with. 

When you are young, you have very few liabilities to worry about. In many cases, no one depends on you, you don’t own a home, you have a car loan, and maybe a little credit card debt. You may have enough assets to cover these in the event you pass away, but do you have enough for your final expenses? That is all you need to worry about at this point in your life. 

Once you start a family, everything changes. You have people who depend on your income. This requires that you take a really good look at what you have for life insurance. You can’t count on what is provided in your benefits package. There is no guarantee you will continue working there. You need to be in control of the amount your family will receive if something happens to you. You need up to 10 years of your income to make sure your family can continue to maintain the lifestyle they currently have. 

When you retire, chances are that all you need, as far as life insurance, is enough to make sure that your final expenses are covered. Talk to your insurance agent to determine what your current needs are. 

Contact Amy Tounget Insurance Agency LLC in Midlothian, TX when you are ready to discuss life insurance. 

Life Insurance Basics

A life insurance policy provides your family with a death benefit payout in the event of your death. Purchasing a life insurance policy helps ensure your loved ones are financially taken care of after your passing. Essentially, life insurance policies are an agreement between you and your insurance company where you agree to pay premiums for life insurance coverage in Midlothian, TX. 

If you have questions about life insurance, give the agents at Amy Tounget Insurance Agency LLC a call today. 

Who Needs Life Insurance? 

Anyone who is financially responsible for helping others should consider buying a life insurance policy. Life insurance policies help lessen financial burdens some family members are left accountable for after the policyholder’s death. For example, life insurance benefits can be used to pay for funeral expenses, future mortgage payment, estate taxes, and help maintain a family’s standard of living. 

Types of Life Insurance Policies

There are two main options available when shopping for life insurance — Term life insurance and whole life insurance. For a specific timeframe, term life insurance provides coverage for you, generally up to 30 years, but can be as short as five years. Term life insurance is designed to provide coverage during specific live events, such as raising a family. Beneficiary benefits end when the term expires. Whole life insurance covers you for your entire lifespan as long as you continue paying the premium. 

Life Insurance Premiums

Life insurance premiums are calculated using many factors, including your age, health, family’s medical history, and if you engage in risky hobbies. Term life insurance tends to be the less expensive option and does not carry any cash value. On the other hand, whole life insurance costs more and does carry a cash value, which you can borrow against in the event of a financial need. 

Those in Midlothian, TX, with questions about life insurance, should reach out to the agents at Amy Tounget Insurance Agency LLC. The agents there can help answer all the questions you may have. 

Do I need to buy life insurance if my employer provides a policy

Life insurance is an important part of anyone’s financial planning. It is a long-term investment in the protection of your loved ones. You may or may not have spoken to your insurance agent or financial advisor about buying life insurance. It is one area where many people feel out of their depth. At Amy Tounget Insurance Agency LLC we are a locally owned and operated independent insurance agency dedicated to exceeding the expectations of our clients. We provide the personalized service you deserve and will tailor a policy to your needs. 

If you are one of the lucky people who get life insurance provided as part of a benefits package you are lucky. It is definitely something you should take advantage of. Take a good look at the policy you are being offered. If you have an insurance agent you know and trust, having them look it over for you is a good option. You need to know exactly the amount of coverage you are getting and the type of policy it is. But is this policy no matter how much it is, enough? Do I need to get life insurance of my own?

The simple answer is yes, you do need to buy life insurance even if your employer provides a policy. Life insurance needs to be customized to your needs and income. Your employer may provide an amount based on your income but not on your needs. You need to make sure that no matter what happens to you, your family will be protected, and only you can decide how much that amount is. The employer-provided life insurance is just the frosting on the cake, it is not the cake. 

Talking to the team at Amy Tounget Insurance Agency LLC will help you to come up with the right amount of life insurance protection for your family. 

Why Work With Us?

  • Locally owned and operated
  • Works with multiple carriers
  • Combines policies for best rates
  • Customer friendly services
  • Have access to your auto ID cards anytime!

Archives

Categories

Our Community



Midlothian Community Guide

Testimonials


Google Reviews
  • Aegis
  • All Risks
  • Aviva USA
  • Banner Life
  • Berkshire Hathahway GUARD
  • Foremost
  • Kemper
  • Maison
  • Nationwide
  • Progressive
  • Risk Placement Services
  • Safeco
  • State Auto
  • Texas Mutual
  • The Hartford
  • Travelers
  • Wellington
  • Wright Flood
  • Zurich