Contact: (740) 993-8058
Contact: (740) 993-8058
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Understanding insurance and knowing your level of financial literacy can sometimes be complex, but we’re here to make it easier. Below, you’ll find answers to frequently asked insurance FAQ's about our policies, claims process, and coverage options. If you need further assistance, our team is always available to provide personalized support.
Please reach us at jennifersigman@sigmanfamilyagency.com if you cannot find an answer to your question.
The main difference between term life insurance and whole life insurance is how long the coverage lasts and whether it builds cash value.
Term Life Insurance
Whole Life Insurance
Choosing the right life insurance policy depends on your financial goals, budget, and the needs of your loved ones.
Key Steps to help you decide:
Your agent can help you choose what may be best for your situation.
The cost of life insurance is influenced by several key factors, including your personal details, policy type, and coverage amount. Here are the main factors that affect your premiums:
Yes, you are able to make necessary changes to your life insurance policy, such as increasing or decreasing coverage, adding riders, or changing beneficiaries.
Your agent can help you with any changes you may need to make.
You can make a claim on your life insurance policy by contacting your agent or insurance provider and submit the necessary documentation.
Accidental Hospital Coverage is a type of insurance that provides financial benefits if you are hospitalized due to an accident. It helps cover medical expenses that may not be fully paid by your primary health insurance.
Key Features:
Financial literacy is understanding how money works—from budgeting and saving to insurance, investing, and retirement planning. It matters because it helps you make informed decisions, avoid debt traps, build savings, and prepare for life’s big milestones with confidence.
Absolutely! You don’t need to be a math whiz to manage your money wisely. We break down complex topics into simple, real-life steps that make sense—so you can feel comfortable and confident with your finances.
Estate planning is the process of legally arranging how your assets and responsibilities will be handled if you become unable to manage them, or after your passing. It ensures your wishes are honored, your loved ones are protected, and your estate is distributed the way you choose—not the courts.
A basic estate plan often includes:
Life insurance provides immediate funds for your family, helping cover final expenses, debts, or taxes. It can also be used to:
It’s one of the most flexible and powerful tools in estate planning.
If you pass away without a will or estate plan, your state’s laws decide how your assets are distributed—often through a long, public, and expensive process called probate. Estate planning helps avoid that and puts control in your hands.
Long-term care refers to services that help with daily living activities like bathing, dressing, eating, or mobility—especially due to aging, chronic illness, or injury. You might need it at home, in an assisted living facility, or a nursing home. Most people begin needing care in their later years, but it can happen at any age.
Not fully. Health insurance and Medicare typically cover only short-term medical needs—like hospital stays or rehab—not ongoing personal care. That’s why long-term care insurance is so important: it helps cover what traditional plans won’t.
Anyone who wants to:
It’s often most affordable when purchased in your 40s–60s, before health issues arise.