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Pikes Peak Insurance Agency

7495 McLaughlin Rd, Ste. 221,
Falcon, CO 80831

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Do Young People Still Need Life Insurance?

If you’re in the Falcon, CO area and have questions about life insurance, Pikes Peak Insurance Agency can help. We know the value of this kind of insurance and how important it is for you to get your questions about it answered. Then, you can choose a policy with confidence and know you’re protecting your family in the event of your death. Even if you’re young, the unexpected can still happen. That’s why a life policy is important for people of nearly any age.

When you choose a policy that covers your life, you’re really ensuring that your family or other loved ones will be fully protected from asset loss after you pass away. If you’re the primary support for your family, for example, they may be unable to maintain their current standard of living without your help. Our agents can help you determine the level of policy you should have.

There’s a lot to consider with a life policy since there are a couple of different types and many different coverage levels. Some companies require more information than others to insure you, and working with an agent can allow you to choose the best policy for your current and future needs.

Contact us at Pikes Peak Insurance Agency today if you’re in the Falcon, CO area and looking for a life insurance policy. We’re here to help you choose the type and level of coverage you need, so you’re protecting your family for the long term. Once you have a policy in place, we’ll also help you update it anytime you need to, such as after a big life event. That enables you to keep your peace of mind, knowing you have the coverage you need for any stage in life.

Types of Life Insurance Policies

Life insurance policies are created specifically to provide financial support to the beneficiaries of a policyholder in the event of their death. There is an array of different types of life insurance policies you can choose from to suit the specific needs and goals that you have.

The agents at Pikes Peak Insurance Agency serving the Falcon, CO area want you to know about the most common types of life insurance policies you can pick from, and a detailed list has been provided for you below.

Common Types of Life Insurance Policies

Term Life Insurance:

This type of policy provides coverage for a specific term, usually ranging from 1 to 30 years. If the policyholder outlives the term, the coverage ends, or another policy must be created with a new term.

Whole Life Insurance:

This type of policy offers coverage for the entire lifespan of the policyholder. This is the most popular type of life insurance policy since you can borrow money against the cash value of your policy, which can assist you in paying off certain bills, such as your mortgage or vehicle before you pass away. This leaves your family with less stress and more time to grieve and heal after your death without having to worry about paying major bills.

Universal Life Insurance:

This type of policy offers the flexibility to adjust the premium payments and death benefits over time. This means you can increase or decrease the coverage amount and premium payments to coincide with your and your family’s changing needs.

Contact Us Today

To create the best life insurance policy for you and your family, contact the life insurance agents at Pikes Peak Insurance Agency serving the Falcon, CO area today!

Life Insurance FAQs

Having questions about life insurance is not unusual, most people have limited knowledge about it. That’s why they count on their independent insurance agent to help them to get the answers they need. At Pikes Peak Insurance Agency, serving the greater Falcon, CO community, we are dedicated to the highest level of customer service. We are locally owned and we offer our customers more choices when it comes to carriers and the best possible prices. 

Life Insurance FAQs

Who can I choose as the beneficiary?

You can choose anyone you would like, you can choose multiple people. But, if you choose a minor, they will not be able to collect until they are of age in whatever state they live. 

What happens at the end of the term with term insurance?

When your policy reaches the end of its term, it may continue on at a new higher price. Check your original paperwork to make sure what happens. You can choose to let it continue, but it will get increasingly more expensive. It is probably a better idea to price a new policy with your current information. 

I get some life insurance from work. Do I need my own?

If you can guarantee that you will never change jobs or that the company will not go under or be acquired, then maybe no, but the answer really is yes, you do need your own insurance. 

Do I need to get a physical to get a life insurance policy?

No, some life insurance policies are sold without having to have a physical exam. But, that is a bigger risk for the insurance company and you will pay more than you would if you just got the physical. You will have lots fewer choices as well. 

Contact Pikes Peak Insurance Agency in Falcon, CO when you are ready to discuss your life insurance needs.

Your Life Insurance Policy: Protecting Your Family

Life insurance is a unique way of protecting the needs of your family and leaving behind a legacy that they know they can trust to get through the toughest times. At Pikes Peak Insurance Agency serving Falcon, CO, we can provide you with a policy that will protect your family and keep them safe.

How Your Policy Protects Your Family 

When you buy a high-quality life insurance policy, you are investing not only in yourself but in the well-being of your family. These policies are designed to pay out if you pass away in any way (including murder, as long as the beneficiaries were not the ones who killed you), and can provide payment for many things. 

For example, your loved ones may need help burying you after you pass away. With your insurance policy, they’ll get the money that they need after you pass. And they can also get payouts to help with just about any aspect of life, such as adjusting to a new financial situation after you pass, including if your spouse needs to get a job to support the family. 

This protection option is something you should get sooner, rather than later. Even if you’re relatively young, death can come at many times in your life. We’re not trying to scare you by saying that, mind you. There’s a good chance that you have plenty of years of life left. However, it is vital to plan ahead, just in case. 

Ways We Can Help 

If you want a high-quality life insurance policy that makes sense for your needs, please don’t hesitate to contact us today at Pikes Peak Insurance Agency. We serve the Falcon, CO area and can provide the kind of long-term help that will ensure your policy is appropriate and suitable for your needs as a person.

What type of life insurance should I get?

There are many insurance needs and options that the typical person in the CO area will have. If you are in this area of Colorado, one significant form of insurance to acquire is life insurance. This type of insurance can provide financial protection to those that you care about. When shopping for this insurance, there are a few different options available that should be carefully assessed.

Whole Life

One type of coverage to consider is a whole life policy. When you get this type of coverage, the policy will go for as long as you want, as long as you stay current on monthly payments. Another advantage of it is that it can be a good investment option as some of your payments will build into an account that you can liquidate in the future.

Term Life

Another type of policy to consider getting is term life. When you get this insurance, it will provide you with coverage for a specific period of time. You will have the flexibility to choose a policy based on term length that gives you the coverage you need. Another advantage of term coverage is that the payments tend to be more affordable. This allows you to get the most amount of coverage possible. However, this coverage does not provide any investment benefits.

As you start shopping for insurance in the CO area, you may find that picking a policy is confusing. When you are evaluating your needs and options, you should call the Pikes Peak Insurance Agency. If you call the Pikes Peak Insurance Agency team, you will learn more about the different options you have. This can help you determine what type of coverage is right for you.