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.