Choosing the Best Executor for Your Life Insurance Policy

At Allen Jones Insurance Agency, we can provide Seguin, TX residents with a high-quality life insurance policy that makes sense for their needs. However, we cannot pick the executor for you – you must take this step yourself. And when you do, you must do what you can to find someone who will do their best to get your policy the attention it deserves. 

How to Choose an Executor

When picking an executor, make sure to choose an individual who has many high-quality traits that you know you can trust to handle this situation for you. For example, you need to make sure to choose someone you know who you can trust to: 

  • Execute your life insurance policy to the fullest extent 
  • Possess a high level of financial standing that helps make execution easier 
  • Provide at least one other successor to help make the policy easier to execute
  • Minimize drama discussing and providing life insurance to your benefactors 
  • Keep away disqualified individuals or those who you don’t want 
  • Stay emotionally grounded and patient through the whole process 

By paying attention to these facets, talking to people you love (either family or friends), and narrowing down your options, you can choose an executor who will give your will the best chance of success, minimizing any frustrating complications.

Help is Here for You

If you need a high-quality life insurance policy and aren’t sure where to turn, please don’t hesitate to contact us today at Allen Jones Insurance Agency right away to get the help that you need. Our team is filled with professionals who understand Texas law and serve the Seguin, TX as fully as possible. So please don’t hesitate to contact us to learn more and get the help you need here.

Whole vs. Term Life Insurance

Are you looking to buy life insurance in Seguin, TX? It is common to have a few questions if you’ve never purchased this type of policy before. For example, most people wonder what the difference between whole life insurance and term life insurance is. Our team at the Allen Jones Insurance Agency has put together this brief guide to help you out.

What Is Whole Life Insurance?

Whole life insurance is a special kind of policy that covers you for your entire life, no matter when the policy was purchased or how long you live. As long as you keep making payments or reach paid-up status, you’ll have coverage. Premiums also lock-in, meaning if you get your policy at age ten, you’ll still pay the same rate when you’re ninety.

Whole life insurance also includes a cash value option that you can borrow against certain conditions while you’re living. That’s why many parents and grandparents purchase whole life policies for their children, as it offers a way to buy a first car or home early into adulthood.

However, it is important to know that whole life policies can cost much more than term insurance for the same death benefit amount. That’s why most people who have strict budgets opt for term coverage instead. 

What is Term Life Insurance?

A term life insurance policy is different. Instead of being available your whole life, coverage only extends for the period of time you purchase. Most options are anywhere from ten years to twenty years, depending on your budget and needs. Term policies are less expensive, too. But they cannot be borrowed against like whole life policies. 

Are you ready to discuss purchasing life insurance in Seguin, TX? Please contact our team at the Allen Jones Insurance Agency to schedule an appointment.