New Horizon Life Insurance FAQ's

Choosing the right policy involves assessing your financial needs and goals. Consider factors like coverage amount, term length, and premium affordability. Our knowledgeable agents can guide you through the process, ensuring you select a policy that fits your unique needs.

The main types of life insurance are term life, whole life, and universal life insurance. Term life provides coverage for a specific period, while whole life and universal life offer lifelong protection with a cash value component. We offer comprehensive coverage options tailored to your preferences.

Premiums are based on factors such as age, health, lifestyle, and the type of policy chosen. Understanding these elements can help you make informed decisions. Our agents provide clear explanations of how premiums work and what to expect.

Yes, many policies allow for adjustments as your life circumstances change. Whether it's increasing coverage or converting a term policy to permanent, we offer flexible options to accommodate your evolving needs.

Missing a payment can lead to policy lapse, but options like grace periods and automatic payment plans can help prevent this. We work with you to ensure your policy remains active and in good standing.

Filing a claim involves notifying the insurance company and providing necessary documentation, such as a death certificate. Our team offers support and guidance throughout the claims process, ensuring a smooth and efficient experience.

Cash value is a feature of permanent life insurance policies, allowing you to accumulate savings over time. It can be accessed through loans or withdrawals, offering financial flexibility. We explain how cash value works and its benefits for your financial plan.

Generally, life insurance benefits are not subject to income tax. However, there may be exceptions, such as estate taxes. We provide detailed information to help you understand the tax implications of your policy.

Regular reviews are crucial, especially after major life events like marriage, having children, or retirement. We recommend annual reviews to ensure your policy continues to meet your needs and goals.