Life Insurance Tigard, OR
If you live in Tigard, OR, consider protecting the important things in life and the people you leave behind with life insurance from Schmidt Insurance Group.
About Us
Schmidt Insurance Group opened its doors in Lake Oswego in 2019 with a goal of making insurance easy while providing exceptional customer service. We proudly serve the local Portland area, and the entire states of Oregon and Washington. Our team is specially trained in high-net-worth households and can help you find the exact amount of coverage you need.
Whenever you need to make a policy change, have a question about insurance or billing, or need to report a claim, you can count on us to handle your request professionally and quickly.
We will also carefully review your policies as your needs change, helping to safeguard against costly coverage duplication, and potentially disastrous gaps in your insurance coverage.
Life Insurance Tips & FAQS
Life insurance is an agreement between you and a life insurance company that, in exchange for paying them monthly or quarterly premiums, agrees to pay your beneficiary a set amount of money in the event of your death.
Life insurance can pay for funeral expenses and medical bills, cover monthly expenses like rent and mortgage payments, pay off debts like credit card bills, fund a child’s future education, and cover other expenses that might come up after you pass away.
Q. What’s the difference between “term” and “whole” life insurance?
Term life insurance provides protection for a set period of time, or a “term.” Many term life policies provide coverage for a 10, 20, or 30-year period. Term life insurance has no cash value. Benefits are paid to your beneficiaries only if you die within the term. Once the term ends, so does your coverage.
Whole life insurance, or also called “permanent” life insurance, lasts for a lifetime. Upon your death, a guaranteed benefit is paid to your designated beneficiary. Whole life insurance is typically more expensive than term life insurance because it has a cash value that enables you to take money out or cash in the policy.
Q. How much life insurance do I need?
Every person and every situation are different, and buying the right amount and type of life insurance is an important financial decision. Instead of guessing, one of our experienced agents can help you determine how much coverage you really need after reviewing your life circumstances, financial situation, and future goals.
Q. Can I buy life insurance for my child or grandchild as a gift?
Yes! When you want to give a child a financial head-start and show much you care about their future, whole life insurance can be the perfect gift. Whole life insurance policies have a cash value that grows over time. As adults, your recipients could use the money to help pay some of their college tuition, fund a wedding, or even as part of a down payment on a home. The Schmidt Insurance Group team can help you navigate all available options.
At Schmidt Insurance Group, our agents know their Schmidt when it comes to life insurance and can help you get the coverage you need in Tigard, OR. Come have a cup of coffee with us today, or give us a call at (503) 206-0881 to learn more.
