Life Insurance

Do I need Life Insurance?

If you have a partner, a child, or someone that depends on you for financial support, then it's a good decision to sign up for Life Insurance.

Life Insurance benefits are paid in full in one lump sum to your beneficiaries when you die. Your beneficiaries can use the money to pay for funeral costs, pay for their education, pay off their mortgage, or cover their daily expenses.

Contact us today to learn more about the Life Coverage Plans available for your company >

Types of Life Insurance

+ Term Life Insurance

• Protection is based on a set number of years

• Premium remains consistent throughout the policy

• Death benefit guaranteed for the term of your policy

• Term Life is good for low premiums and how it can be used in a set number of years (i.e. paying off a mortgage or as income replacement for a child until they reach an age where they can make their own income)

+ Whole Life Insurance

• Protection is based on your entire lifespan

• Premium remains consistent throughout your policy

• Death benefits are guaranteed as long as you meet the required premium payments

• Whole Life is good for those who want consistent coverage over their lifespan.

+ Universal Life Insurance

• Protection is based on full lifetime coverage

• Premium is flexible throughout your policy

• Universal Life is good because you can tailor your benefit to meet your financial goals

Frequently Asked Questions

+ How can I check to see if my current insurance is active?

You can see if your current insurance is active by visiting our Carriers Page. You can select your insurance company and the corresponding page provides you with the appropriate information to best assist you.

+ How do I make a change to my policy?

For any policy changes, contact us by calling us at (956) 724 9083. We have a 24 hour answering service. You may also Email us at Info@LaurelAssoc.com.

+ How can I learn more about my current insurance?

Visiting your insurance portal provides many perks; you can view breakdowns as well as additional coverage information about your insurance plan. We recommend visiting our Carriers Page and downloading the corresponding app for your insurance company. With the simple use of the app you can view the summary and details of your current insurance plan.

+ What is a deductible?

In an insurance policy, the deductible is the amount paid out of pocket by the policyholder before an insurance provider will pay any expenses. Some insurance claims may not be subject to a deductible, but this all depends on your insurance plan.

+ When does my Health Insurance Plan start?

Most Health Insurance Plans operate on a yearly schedule which means that they begin on January 1st and run to December 31st. This is when open enrollment comes into play which sets a period of enrollment for Health Insurance, based on what the Affordable Care Act initiated to “prevent people from waiting until they get sick or injured to go shopping for coverage.” Learn more about open enrollment >

+ What is a co-pay?

A co-pay is a fixed amount for a covered service (by your insurance), that is paid by the patient to the provider of the service. The co-pay may be defined in your insurance policy so looking at your coverage is always useful. For help with this visit our Carriers Page >