Life Insurance

Peace of Mind for You and Your Loved Ones

Life Insurance is often considered to be the cornerstone of a sound financial plan. A life insurance policy can provide sound of mind and security for your loved ones. No one wants to think about dying, but it is a fact of life. You’re beneficiaries will be able to use your life insurance policy to help pay for anything from expensive funeral costs and estate taxes to making up for lost income or funding children’s education. It can even be used to continue payments or pay off a mortgage to ensure the family home isn’t lost.

There are many different options when choosing a life insurance policy including Term Life, Whole Life, Universal Life and Variable Life. So how do you know what is the right plan for you and your family? At Omega Insurance Group, we understand that choosing a life insurance plan is a big decision with many important factors to consider. Our knowledgeable team of personal life insurance professionals are committed to walking you through the process and providing you with a life insurance solution to give you and your family the peace of mind you deserve.

Questions and Answers

Why do I need life insurance?

Life insurance gives you the peace of mind you need to make sure that your family and loved ones are financially protected at a time when it’s needed the most. In the case of your death, your named beneficiaries receive money to put towards:

Your final expenses, including burial costs and estate taxes
Your income – to uphold a certain standard of living
Your family’s home – to pay off the mortgage and other related debts
A child’s college expenses
Supplemental retirement income
Settling an estate

How do I know how much life insurance I need?

Life insurance is not a one-size-fits-all, there are many factors to consider including age, income, other savings and retirement accounts, debts etc. A general rule of thumb is to have enough life insurance to cover at least 10 times your annual income, in addition to any outstanding loan balances including mortgages, credit cards, auto loans etc. Life insurance can include a combination of term and permanent insurance to provide a higher death benefit during your younger years and less as you grow older, while at the same time a permanent policy can provide a lower death benefit during your younger years and build a higher cash value as you grow older and are ready for retirement. Because there are many options and no two situations are the same, it’s important to consult with a knowledgeable insurance agent that will take the time to understand your situation and customize a plan to fit you and your family’s goals.

How often should I review my insurance needs?

Life insurance is not a one and done, your life is constantly changing from a new home purchase to a growing family, a career change or even planning for retirement. This means that your financial needs are changing as well. It’s suggested that you review your life insurance coverage at least once every 5 years, particularly when you experience a major life change or transition. This will ensure that your life insurance policy is up to date and can cover any additional expenses you may have incurred.

Testimonials

Mike has been my insurance agent ever since I moved to Lincoln. He is always a phone call away and will do everything he can to make sure that my needs are handled. Whether that be making house calls to discuss life insurance with me and my husband or climbing up on the roof to making sure our new home will have coverage or calling me back on a Sunday afternoon because we bought a new car over the weekend. I trust Mike to find the best insurance for me and my family. Highly recommend!!Jessica A.Lincoln NE

I have known Mike for nearly 50 years and have known him as a business professional and insurance agent for nearly 20 years. Mike has written the insurance on all my family’s autos and homes since he entered the business as an insurance professional. I have known Mike to be forthright, honest and very ethical and he always looks out for my family’s best interests when taking care of our insurance needs. I never have to worry about Mike selling us insurance coverage that we don’t need. He is very thorough in reviewing our insurance needs with me and makes thoughtful recommendations . Mike is very knowledgeable in all areas of insurance and his primary concern is to make sure his clients have the necessary protection in place at the most affordable cost. Mike has also been very responsive when I have questions regarding our insurance. If he doesn’t know the answer to a question, he takes it upon himself to do the necessary research and gets back to me in a timely manner. Mike has also been an advocate for us on those rare occasions when we have had to file an insurance claim. I never have to worry about a claim not being handled in a fair and timely manner as Mike takes it upon himself to follow-up with the claims personnel to ensure the matter is being handled. Mike will always be my insurance agent. With him as my agent, it simply takes away one less thing that I have to worry about. In today’s busy world, that peace of mind is priceless. Patrick D.Lincoln NE