Category: Life Insurance

Life insurance is a critical protection that helps families around the world recover after the death of a loved one. At Kriener Insurance, we know that many Woodbury, MN residents are looking to start families soon, and they deserve great insurance that makes sense for their needs.

Your Family Deserves Protection 

Here’s the thing about starting a family: you’re basically expanding your responsibilities exponentially. Even marrying someone or committing to a partner deepens your range of personal demands. Furthermore, having children complicates this process even further. 

Even if you’re young, you might pass away unexpectedly. If you’re the leading financial partner in the family, they might struggle after. As a result, it’s essential to protect them in any way you can by providing high-quality life insurance that meets their needs for years to come.

Choosing a Life Insurance Policy 

When picking a life insurance policy, knowing what types are available is important. Term life insurance covers you for a specific number of years or a “term.” This often includes 20-30 years. If you’re young, this might not be your best option, as whole-life policies cover the rest of your life. 

Note that you also have to consider things like who gets your payout and the amount of money they receive. Talk with your family about this situation to gauge how much you can afford to pay and find a policy that will cover your burial and provide a little cushion after you pass.

Get Help Today

With the support of our crew at Kriener Insurance, you can find a life insurance policy in Woodbury, MN, that works for your needs. Just as importantly, you can protect your family and avoid serious long-term problems. Call us today to set up your appointment and to buy a policy that works for you.

Are you considering getting life insurance to help shield your loved ones from financial devastation upon your passing? Life insurance provides financial protection and support for the family of policyholders in the event of their death.

Kriener Insurance in Woodbury, MN, can help you and your loved ones choose the best life insurance policy for your needs. 

A Minnesota Life Insurance Policy is an Investment in Your Family’s Future

Not having the right life insurance policy in place can wreak havoc on your family’s finances when they can’t afford to pay essential bills like mortgages, rent, or other immediate expenses upon your passing. 

Choosing the best life insurance policy to protect your family’s financial interest is an investment in your family’s financial future that can be felt for generations. 

Financial Protection for Your Loved Ones 

One of the primary benefits of having life insurance is that it shields your loved ones from financial ruin. 

Your life insurance policy can help your closest family members cover some or all of the following expenses. 

• Funeral-related Expenses
• Burial Costs
• Mortgage payments
• Rent Payments
• Educational Costs
• Daily Living Expenses
• Outstanding Debts

Experienced agents can help you choose the best policy. 

Get Sound Insurance Advice from Compassionate Minnesota Life Insurance Experts

Life insurance policies come in a variety of shapes and sizes. Learning about the various insurance options like term life, whole life, and premium policy add-ons like estate planning can help secure your family’s financial future. 

Trying to sort out the details and choose the best policy doesn’t have to be complicated when you talk to an experienced insurance agent at Kriener Insurance in Woodbury, MN, to learn about more benefits that life insurance can offer you and your family. 

There are two basic types of life insurance: permanent and term. Permanent life insurance is a type of policy that does not have a specific period of coverage. It is meant to offer a payout for the entirety of your life as long as your account is in good standing. As a result, it typically has higher premiums than term. Universal life insurance is a category of permanent life insurance.  

Universal Life Insurance: What You Need to Know

Death benefit amounts can be flexible within this policy, unlike other life insurance products. Your monthly amount due will increase or decrease, depending on the adjustment you make to the death benefit. 

There is also a component known as cash value that allows you to withdraw money paid into your account. This is a loan that must be paid back, and if unpaid at the time of your death, it will be subtracted from the death benefit. 

Another feature of universal life is that premiums can sometimes be adjusted, too, if there is sufficient cash value in your policy. You may be able to defer payments or lower them if needed. Life insurance is not a legal requirement for Woodbury, MN residents, but many choose to invest in this instrument as part of their financial portfolio. You can ask your Kriener Insurance representative for specifics on the coverage included. 

Death benefits are not the same as cash value, and you may be able to recover your cash value in the event that you cancel your policy. In addition, the cash value will tend to accumulate on a tax-deferred basis. 

Kriener Insurance is Here to Help

Residents of Woodbury, MN can depend on us to put together insurance packages to suit their needs. Call us, reach out online, or stop by our office to find out more information today. 

Choosing the right life insurance coverage is integral to protecting your family and their future. If you should pass away, you want to be sure you have a policy that will give them what they need. That could mean updating your policy or changing it from time to time, but the main area of focus is understanding how to choose the right policy. If you’re in the Woodbury, MN area, Kriener Insurance can help.

When you start looking for a policy, there are two things to consider. The first is what you want to leave to your family and how much help and support they may need if you’re not around. The second is whether you want a term life or whole life policy because they can vary in what they provide and the level of coverage that may be easily obtained. The more you know about the differences, the easier your choice will be. Working with a trusted insurance agent is the best way to make that choice.

Asking questions about the right insurance for your needs is important. Agents who typically work with life insurance can answer those questions for you. That allows you to make an informed choice, which means more security for your family, and fewer worries about how they would keep important assets if you were to pass away. While not everyone has a life policy, it’s a convenient way to leave something behind for the people you care about.

Contact us today at Kriener Insurance if you’re in the Woodbury, MN area and need a good life insurance policy. Our knowledgeable agents can help you find the right coverage for your needs. That can help you protect your family and increase your peace of mind.

You missed a payment on your life insurance policy, and you’re afraid that it’s going to lapse. We’ve seen this happen many times at Kriener Insurance and help Woodbury, MN, residents through this challenging period. 

Most Companies Provide A Grace Period 

If you miss a payment, your insurance company usually provides a grace period that allows you to catch up with your payment before they cancel your policy. These periods vary but typically last about a month. In this way, you can catch up with your payments and keep your policy strong. 

If you miss your grace period, your company will cancel your life insurance policy. Some companies may have another grace period during which you can reinstate the policy and avoid any loss. However, this situation can often be hard to handle and require working directly with your insurance provider. 

Reinstating Your Policy 

Once your life insurance policy is canceled, your loved ones won’t get any payment if you pass, and you might be much harder to insure in their eyes. In addition, they may require you to pay more money for your policy or decrease the value of the procedures available to you. 

These steps are not to “punish” you for missing a payment. Instead, they’re away for the insurance company to protect its investment. When you miss payments and allow your policy to get canceled, you show that you’re a risk and need to prove that you’re a good investment again.

Get the Policy You Need 

As you can see, you need to avoid letting your policy lapse to ensure that you don’t run into any issues. Contact us at Kriener Insurance if you live in or near Woodbury, MN, and we’ll do what we can to help you out here.

According to the Insurance Barometer 2020 Report, approximately 41 million Americans said they need life insurance, but they don’t have it. Part of the failure to invest in life insurance is that most people assume it’s expensive. For others, they wrongly assume that they don’t need life insurance at all.

While not everyone needs life insurance, if you are in the below categories described by Kriener Insurance of Woodbury, MN, you need life insurance ASAP.

You have dependents

Of course, most people take life insurance to supplement their income when they die. If you have a spouse, aging parents, kids, or siblings that depend on your income, think about how they would survive in your absence. It would be hard, right? For this reason, invest in life insurance today to safeguard the financial future of your loved ones. 

You are planning to get a baby

If you are expecting a baby or about to adopt one, now it’s time to buy life insurance. Since your health declines with age, waiting to buy life insurance until your kid attends school will be expensive. Instead, purchase life insurance today – it will be cheaper, and it will step in to cover child care expenses if you die unexpectedly.

You have debts

When looking for a life insurance plan, financial experts advise you consider your total debts so that your beneficiaries can pay off your debts in full. Without life insurance, you are likely to burden your loved ones and cosigners with debts like mortgages, student loans, and credit cards. 

You have a business

If you would like your business to succeed even when you pass on, invest in life insurance. This coverage ensures your employees and other stakeholders are paid in your absence. Besides, life insurance can help finance any outstanding business loans. 

Buy life insurance today!

Now that you have seen life insurance benefits, it’s time to invest in a plan. If you are in Woodbury, MN, and its environs, please contact Kriener Insurance for an affordable quote.

You may be wondering if you really need life insurance, particularly if you don’t have dependents that rely on your income. Most people should have a life insurance policy. At Kriener Insurance in Woodbury, MN, we offer different life insurance policies designed to meet different needs. Here are a few reasons you might need life insurance. 

You Have Debts

If you have debts, family members or cosigners may be responsible for them if you pass. Student loans, car liens, and other types of loans may leave your loved ones in a bind if you leave debts behind. If you don’t have the savings to cover any debts, you should have a life insurance policy that will cover them. 

Medical and Burial Expenses

Do you have money set aside to pay for your burial? The average cost for funeral and burial services is $7,000-$12,000. If family members are mourning your death, you don’t want to leave them worrying about how to pay your final expenses. Medical expenses may fall on family members as well, particularly a spouse. Unexpected medical expenses can add up quickly and cause financial hardship. 

You Want to Leave a Legacy

Your beneficiary can be an organization as well as loved ones. Do you have a cause that is important to you? Would you like to leave a meaningful legacy behind by making a financial contribution to an organization? Would you like to ensure that your children or grandchildren can go to college? A life insurance policy can allow you to make a meaningful contribution to the people or cause that matters most. 

Life Insurance at Kriener Insurance

If you don’t have a life insurance policy in Woodbury, MN, contact us at Kriener Insurance. Our agents are happy to discuss your options and help you select the policy that meets your needs. 

One of the most common questions when it comes to life insurance is how much life insurance you need. There are all kinds of numbers tossed around, and some of these numbers might sound big, but when it comes to paying for your family after you are gone, what is a number you should consider? Here at Kriener Insurance, we want to make sure you know all the ins and outs when taking out life insurance while living around greater Woodbury, MN. 

How Much Life Insurance

First, you need to add up all your current long-term expenses (such as a mortgage, college tuition, car payments, and other bills). You need life insurance to cover this. However, you’ll also want money to cover living expenses. Some choose to multiply their current income by six or even ten. Others will consider how many years they have left until retirement, which they will then multiply by their income. 

There are several mathematical formulas available for helping you determine how much life insurance is right. Ultimately it depends not only on your age but on how many children you have, plus the amount of debt and current financial obligations you have. Our expert team can help perform all of these calculations for you.

Find Life Insurance For Your Needs

Life insurance is one of the most important investments you can take out for your family. There will be a time where you are unable to provide for the members of your family, which is why life insurance is so valuable an investment. You likely have questions about which coverage is right for you, which is why our staff here at Kriener Insurance is ready to address all your needs while living in or around Woodbury, MN.