Life Insurance in Louisiana

Welcome to Soto Insurance Agency, your trusted insurance partner in Covington, LA. We understand the importance of securing your family's future and financial well-being. That's why we offer a comprehensive range of life insurance solutions tailored to meet your unique needs. Learn more about what you can expect with our various policy options, and then reach out to speak to one of our experts!

The Basics of Life Insurance

Before you invest in a life insurance policy, the first step is understanding the basics so you can know what to expect. The main purpose is to give your family protection financially in the event something happens, and you pass away.

Some of the essential terms and explanations you should know include:

Policyholder - this is you, the owner of the policy, or whoever the policy is for.
Insured - usually the policyholder, but it might be different if it's something like a business life insurance policy.
Beneficiary - whoever will receive the benefits after the policyholder's death.
Premium - what you have to pay. It is usually scheduled monthly, quarterly, or annually.
Death benefit - what the lump sum payment to the beneficiary is expected to be.
Cash value - how much you can get from your policy in terms of loan or payout while you're still alive.
Term life insurance - coverage for a certain period of time, usually 10, 20, or 30 years. If you outlive the policy, it expires.
Permanent life insurance - coverage for your whole life, as long as you stay current with payments.

Now that you know some of the basics, you can more easily converse with one of our specialists about what your needs are for the right life insurance policy.

Call Our Office Today!

Soto Insurance Agency in Covington, LA is eager to meet you to review all of your life insurance policy needs. We will set up a consultation at your convenience to go over the details. Rest assured, we never force or pressure you into anything. The quote and consult come with no obligation, so there's nothing to lose. Contact our team now!