Your need for life insurance will not always be the same. It will ebb and flow as your life changes. At Jason Ridley Agency in Colleyville, TX, we understand that your needs change over time, and we are here to help you review the coverage you currently have and help determine if it is adequate to meet your needs today and into the future. 

You are changing employment.

A job change is one of the main reasons you need to review your life insurance coverage. You can carry your life insurance after you leave your employment, but you need to consider whether it is a good value or if you could find a similar policy on your own with a smaller premium. 

You are getting married.

You need to review your life insurance when you get married. You may want to change your beneficiary to provide for your spouse. You may also want to consider the amount of life insurance you have to determine if it is adequate to protect your new husband or wife. 

You are having children.

Nothing changes your life more than children; you want them to have a safe and secure life even if something should happen to you. A good review of your life insurance coverage and any necessary adjustments must be done to ensure your children’s future is secure. 

You are retiring

As you prepare for retirement, a review of your life insurance can help you determine if you need to maintain the same amount of coverage that you had. 

Give the agents at Jason Ridley Agency in Colleyville, TX a call to discuss your life insurance needs. We can answer your questions and make suggestions about how to achieve your life insurance goals.

When you need life insurance, there are two main types to choose from. One of these is term life insurance, and the other is called whole life insurance. Whole life comes with its own pros and cons. It’s a popular type of life insurance because it has so many great benefits. When you want to leave something behind for your beneficiaries, you can call us at Jason Ridley Agency in Colleyville, TX to find out more about these policies. 

Whole Life

The name of this policy type indicates that it’s good for your whole life. It never expires no matter what age you reach. If you were to get a term policy instead, this type would expire on a certain date. But with a whole life policy, you never have to worry about that as long as you continue paying your premiums. The policy can’t be canceled as long as you keep paying for it. This is a major benefit of this type of life insurance. However, there is also another big benefit that brings people to this life insurance type. 

Cash Value

As you continue to pay the premiums, the insurance company invests those premiums in order to make a profit. With a whole life policy, a small percentage of those profits are put into a cash value for the policy. This amount is there for you to borrow if you ever have a financial need. Many policyholders get peace of mind from this cash value because they know they’ll have access to it in case of a financial emergency. 

Get Whole Life Insurance

It’s always a good idea to have life insurance, and whole life is a good choice for many people. FI you’re interested in whole life, just call us at Jason Ridley Agency in Colleyville, TX. 

At Jason Ridley Agency, serving the greater Colleyville, TX region, we often hear myths about life insurance. We assist in clearing up any misconceptions. 

Here are some common myths and the facts to counter:

Myth 1: I Don’t Have Kids, So I Don’t Need Life Insurance

Life insurance is a good idea for many people, not only those with children. Essentially, if you have anyone who depends on your income, you need life insurance. You should also consider a policy if you have debts that you don’t want to leave for loved ones. 

Myth 2: I’m Young and Healthy, I Don’t Need Life Insurance

Unfortunately, the unexpected happens. Your risk does go up as you age and as you develop health conditions. However, this means that the best time to buy a life insurance policy is when you are young and healthy because your premiums will be lower. 

Myth 3: Most Americans Have Enough Life Insurance

The number of Americans who say they don’t have enough life insurance has doubled since 2010. Many Americans don’t have enough life insurance, and they may not even be aware of the gap. 

Experts recommend that you have ten times your annual income in insurance at the minimum. It’s also a great idea to consider your dependents and any debt you have, which will add to the amount you need. 

Myth 4: I Have Enough Life Insurance Through My Employer

Many people have a life insurance policy through their employer. While this is a good idea, it’s often not enough coverage. The standard for employer policies is $100,000, far below what the average person needs. 

Another problem with relying solely on an employer policy is that you may lose your coverage if you stop working there. This can leave you scrambling for a policy later on when the premiums will be more expensive. 

Reach Out To Us

If you need life insurance in Colleyville, TX, contact us at Jason Ridley Agency. We have life insurance options to ensure that you and your family are prepared for the unexpected. 

Nobody likes to dwell on life insurance, but it is the way to protect the ones you love. Most people rarely discuss it and know even less about it. At Jason Ridley Agency in Colleyville, TX, we are an independent insurance agency that allows us to offer more choices to our customers and provide the personalized customer service they deserve. 

What type of life insurance do I need?

Your insurance agent will be able to tell you the benefits of the different types of life insurance, but basically, term life insurance is less expensive but only provides a death benefit. When you need to have a lot of life insurance, it is the preferred option, but it will go away at the end of the term. Whole life accumulates cash value, so it also has a place in your financial plan for life. 

Can I just count on my employee life insurance policy?

Company-provided life insurance is a great benefit to have, but counting on it for your entire safety net is risky. What if you leave your employment? What if your company goes belly up? You could be left with no life insurance at the time you need it most. It is always a good idea to have some of your own life insurance which you control. 

How much life insurance do I actually need?

Life insurance depends on your personal situation. How many people depend on your income? What are the ages of your dependents? If you have children, you need more than if you are single with no dependents. The age of your children will determine how much and for how many years you need to provide income. Your independent agent can help you come up with a figure. 

Contact Us Today

Give us a call or stop by our office to discuss your life insurance needs at Jason Ridley Agency in Colleyville, TX.

You’ve finally done it. You’ve completed the life insurance application process. Now you’re just waiting for approval, so you can have peace of mind knowing your family is covered financially if anything happens. But then the unthinkable happens: you’re denied coverage. Now what?

While no one wants to consider the possibility of being denied life insurance, it can happen. If you are in this situation, don’t panic. Consult with Jason Ridley Agency in Colleyville, TX for expert insurance advice.

Here are four steps to take to remedy the situation:

1. Find Out Why Your Application Was Denied

The first step is to find out why you were denied coverage. There are numerous reasons why an insurance company may deny coverage, many of which can be remedied. For example, if you have a pre-existing medical condition, the insurance company may require you to wait a certain period of time before they provide coverage.

Alternatively, they may offer coverage at a higher premium. Once you know why you were denied, you can start to look at your options.

2. Check for Errors in Your Application

If you’re healthy and have no pre-existing conditions, the denial may be due to errors in your application. For example, you may have accidentally omitted information or made a mistake on your medical history. In this case, you can talk to your insurance agent and resubmit your application with the correct information.

3. Carefully Review Your Case

If you’re denied life insurance for health reasons, you have the right to request a written explanation of the decision. This is called an "adverse action notice." Once you receive this notice, review your case and look for any errors.

If you believe there was a mistake, you can file a complaint with your state insurance department. If you’re denied life insurance for other reasons, such as not meeting the minimum requirements, you can’t appeal the decision.

In some cases, you may be able to find another company that’s willing to insure you. For example, Jason Ridley Agency in Colleyville TX can help you with this process. Regardless of the reason for your denial, it’s essential to understand your options and take action accordingly.

4. Reach Out to a Life Insurance Agent

If you are denied life insurance, the best thing to do is to work with a reputable life insurance agent. The agent will help you understand why your application was rejected and what you can do to improve your chances of getting coverage in the future.

They will also help you find other life insurance options that may be available to you. Don’t give up on getting life insurance coverage just because you were denied once. There are many different life insurance policies out there you can purchase.

Contact Us Today For Life Insurance Coverage

Have you been denied life insurance before? We can help call us today at Jason Ridley Agency in Colleyville, TX, and we can help you find the right life insurance policy for your needs. We understand that not everyone is perfect, and we will work with you to find a policy that meets your needs.

Most people think of older people when they think about buying life insurance. They may think that it is something that you should get when you are ready to retire. 

That being said, it is often a good idea to get it when you are in your twenties and thirties. Jason Ridley Agency in Colleyville, TX provides this guide on some reasons why. 

Why to Buy Life Insurance In Your Twenties and Thirties

The cost of life insurance will go up the longer that you wait

In fact, it may be cheaper than you ever imagined, if you buy it now. If you wait, you could spend quite a bit more money each month. 

Most people are living with outstanding debt

This may include student loan debt, debt to start a business, or just any loan that you may take out in your twenties or thirties. If you don’t have life insurance, your family is going to have to pay back every cent that you owe, even if they can’t afford it. 

At this point, your family probably relies on the income that you bring in 

Without it, your family may struggle financially or lose it all if the unthinkable happens to you. 

Contact Us Today

Basically, if the loss of your income would be devastating to your family, you need to make sure that you have enough life insurance to protect your family. It will help keep your business going, and erase your debts, so that your family doesn’t have to lose anything if something happens to you. It is also much cheaper if you get life insurance when you are young! 

If you are thinking about your family, don’t hesitate to contact us today at Jason Ridley Agency in Colleyville, TX. 

Life insurance is perhaps one of the most misunderstood types of insurance. This is understandable because this insurance doesn’t come into play until after a person has passed away. As a result, many people question whether or not this type of insurance is truly a necessity. Our Colleyville, TX team at Jason Ridley Agency is happy to answer any questions associated with life insurance.

What is Life Insurance?

In short, life insurance pays a certain amount of money upon the death of an insured person or at the end of a set/pre-determined period of time. Typically, beneficiaries or a beneficiary is listed as the recipient of this money upon the death of the insured or after a set period of time. The person or persons benefit by receiving a lump sum of money. 

"Who" Should Consider Investing in Life Insurance?

You should consider life insurance if your death will place a financial burden on your family or someone else. If you are the head of a household or an earner whose income or loss of income would impact the lives of others, life insurance may be a good investment for you. However, on the flip side, even a housewife or someone who doesn’t support a home with income should consider life insurance as well. Housewives often eliminate the need for child care, making their financial contribution quite valuable as well.

Conversely, even if you don’t have a family, life insurance can still have many valuable benefits as well. In short, the question of who should invest in life insurance is an intensely personal one. It’s best to get help from a licensed and experienced insurance agent like the agents from Jason Ridley Agency. Our team can help you explore your unique situation to thoroughly address the question of whether or not an investment in life insurance would be beneficial. If you have questions about life insurance, give us a call. We’re standing by. 

Welcoming a new child into your home is a special occasion. In the midst of all of the change and excitement, there are important decisions that need to be made too, concerning the future. At Jason Ridley Agency, serving Colleyville, TX, we want to help our clients be prepared for the future. Keep reading to learn what new parents should know about life insurance. 

Is Life Insurance Important Right Now?

Many people make the mistake of thinking that life insurance is only something they need to worry about when they are much older. The truth is, though, life insurance is a good investment at any age. 

Life insurance will help provide for your family in the event that you pass away. No one can predict when that would be. Having sufficient life insurance in place now means that your family will not suffer financially in the event of a tragedy. 

How Much Life Insurance Do I Need?

Figuring out how much life insurance you will need will differ from family to family. Each family will have its own individual plans and goals for the future. In order to determine how much life insurance you will want for your growing family, you will need to sit down with one of our knowledgeable insurance representatives and discuss your expectations. 

Does My Child Need Life Insurance?

Investing in a life insurance policy for all members of your family will ensure that tragedies do not leave your family financially vulnerable. 

If you would like to learn more about our services, or if you are interested in life insurance policies, please contact our office at Jason Ridley Agency serving Colleyville, TX, and the surrounding areas. 

What are the benefits of life insurance? There are many, but most of all, it is there to benefit your loved ones and beneficiaries after you are gone. The Jason Ridley Agency serving the city of Colleyville, TX would like to help you plan for the long term.

Before we talk about some of the benefits, let’s first mention the two main types of life insurance policies. These are term life insurance policies that have a specified time limit set either in years or when the policyholder reaches a certain age at which point it expires or is renewed. The second is a permanent life insurance policy. This type of policy has several variations, but it has death benefits plus savings.

Each has its benefits. A term life insurance policy is usually cheaper in the beginning and may offer the option to convert to a permanent life insurance policy. This is beneficial if you are on a tighter budget when you start with your policy. It does get more expensive as you get older or renew, but you do not need to go for another medical exam.

Permanent life insurance has the benefit of accumulating savings throughout the lifespan of the policy and has a guaranteed payout. It also allows loans against the cash value of the policy and the cash value is tax-deferred. This type of life insurance is more expensive in the beginning but flattens out eventually.

The best benefit of life insurance is knowing that, if you have structured your policy carefully and correctly, your beneficiaries will be cared for after your death. Speak to the Jason Ridley Agency today and secure your family’s future. Serving the city of Colleyville, TX.

There are many benefits you accrue when you purchase life insurance from the Jason Ridley Agency of Colleyville, TX. The most obvious one is cushioning your dependents financially even when you pass on. While life insurance offers numerous benefits, do you know how much you need? How do you ensure that you have adequate life insurance to cover your financial interests? If you are about to invest in life insurance, the first step is to figure out how much you need.

Understand your financial landscape

How does your financial picture look like? The first thing to see how much life insurance you need is to understand the big picture of your financial landscape. This way, you can establish how life insurance fits in the plan. Unsure of where to start? A knowledgeable insurance agent can help you spot gaps and strengths of your financial plan and help you figure out how life insurance can plug in your plan. 

Calculating how much life insurance you need

Establishing the amount of life insurance you need doesn’t require you to be a mathematics guru. A few simple formulas can help you achieve your goal. These include:

10 times income rule

While it’s not the best rule, it can give you a rough idea of how much life insurance you need. On the flip side, this rule doesn’t consider your family needs, current savings, and the number of life insurance policies you have. 

The DIME formula

This method enables you to take a deeper dive into your finances. This rule postulates that you should consider your debts, income, mortgage, and education when determining your life insurance needs. 

In addition, if you would want to know how much life insurance you need, you can use life insurance calculators. Better yet, you can sit down with an agent like Jason Ridley Agency to help you determine the life insurance needs. If you need help, please contact us today or visit our Colleyville, TX offices to have a sit-down with one of our agents.