Washington D.C. Life Insurance

Everyone’s future is uncertain and although all sane individuals know this, more than half of the country’s population takes this little but rather important piece of information for granted. Many people live like they are invincible to threatening viruses or horrible accidents – that life itself will never let them down. Living precariously will only lead to more uncertainty and this can cause trouble not only to yourself, but to your family as well. No one can escape that we are after all, mortal, even if you live in the US capital.

It is time that you make a smart move by acquiring life insurance in Washington D.C., that is if you really want to protect your loved ones in the event of untimely death and at the same time, protect yourself as well with all the inconsistencies of what is yet to come.

Life Insurance 101: Needs vs. Wants

There are several things that you must first know before you start your journey in choosing life insurance in D.C. The top two factors that you must never forget is to know your budget and to know what your needs are. Now your needs are very different from your wants. Shopping expenses fall under wants while health costs, children’s education, retirement plans, etc. are some examples of needs. These things can greatly secure your future and can help you achieve your dreams.

Choosing the Right Insurance Policy

Selecting the best insurance plan heavily relies on the agent that you are to deal with. The first, most important thing that you must check is that the insurance agent is licensed under the Washington D.C. state law. Make time to talk it over with your agent. Tell him about your plans and needs, he, in turn, will explain everything that you need to know about the life insurance package that is ideal for you. It is imperative that you are also open about your budget for this to avoid spending more than you can afford. The key here is for you to make a long-term commitment so you can live a worry-free life. It is all about finding the balance between a policy that you can afford and that can cover you and your family in the long run.


How much insurance do you actually need? To get to the right answer, you must center everything on your current financial status (i.e., your mortgage situation, the college tuition fees for your kids, etc.) and your future plans on how to make your money grow (i.e. investments).

Different Kinds of Life Insurance in Washington

All in all, there are three types of policies in Washington D.C. These are:

  • Whole Life Insurance. This is a type of policy wherein your benefits never change for as long as you continuously pay for your monthly fixed policy fees. Think of this as a long-term investment with sure returns since your life premium increases value overtime.
  • Universal Life Insurance. This policy is a flexible one and is perfect for those who have a really tight budget. You can freely choose the coverage that you only need and work from there. You have the option to raise your premium in the future or lower it in case you’re short on your monthly cash.
  • Variable Universal Life Insurance. If you want to make the most out of your monthly premiums, then variable universal life policy may be the right one for you. It lets you adjust your monthly fees so you can divide it accordingly, putting a certain percentage of your money to your insurance while the rest goes to investment accounts.

At the end of the day, it is all about knowing what you need and knowing what you can truly afford. Make sure you talk these things out with your licensed insurance agent so you can fully understand everything.

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