Tonya Mowan, Life Insurance Agent
Tonya Mowan
Life Insurance Agent Licensed in AR
Contact Details
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Location
Elkins, AR
Tonya Can Help With:
About Me
Hello there! I'm Tonya, a life insurance advisor serving our community. My mission is to take the confusion out of life insurance and replace it with clarity and confidence. Whether it's protecting your family, your income, or your future, I'm here to help every step of the way.
Q&A with Tonya Mowan
How much does life insurance cost per month?
Answer: Depending on your age, health, and needs, your cost will be determined. Many factors could determine the cost, and you would need to consult with an agent to ensure that you are making an informed decision. There is no cost to talk to an agent about your needs.
What questions should a first-time life insurance buyer ask their agent?
Answer: When speaking with an agent, an individual needs to determine how much insurance is needed. The type of insurance that best fits your needs, the cost of the policy, and what it covers. It is also necessary to determine if the insurance requires a medical exam or is guaranteed issue. A person may want to know if it is convertible, if it is term life, if it builds cash value, what riders are available, and whether a person can add more later if needed. It is always okay to ask someone to explain it another way if needed and to compare options. Always consider what if I do nothing today and something happens, how will my family be affected?
How do I find out if a deceased loved one had a life insurance policy?
Answer: One of the best places to start is the free NAIC Life Insurance Policy Locator, which can help determine whether a participating insurance company has a policy for your loved one. You can also check bank statements for premium payments, contact their employer if they had group coverage, and search your state's unclaimed property database. Please check with the bank to see if they have a Security Box in your loved one's name. Most older individuals have Security boxes that hold valuables and important documents for safekeeping. Hopefully, you're able to locate any benefits they intended for their family.
How much does life insurance cost for a 50 year old?
Answer: There isn't a one-size-fits-all answer because life insurance premiums depend on factors such as age, health, tobacco use, coverage amount, and policy type. As a general estimate, a healthy, non-smoking 50-year-old might pay anywhere from about $25 to $75 per month for a $250,000 20-year term policy. The best way to know the actual cost is to compare quotes based on your individual situation. To check your options, you should speak to an agent to help determine your options for your specific situation.