Life insurance is something that everyone can benefit from and having the right life insurance policy makes a huge difference. There are a few different basics you need to know about life insurance and the helpful agents with Michael Taylor Agency in the Columbia, SC area can help.

A common question when it comes to life insurance is can you have more than one person on your life insurance policy? Put simply, you can pay the premiums for more than one person at a time and can insure them all through the same agency, but each person is going to need to have their own policy that is specifically named for them and adjusted for them as well.

One person can insure multiple people, but each person is going to need to have their own insurance that is named for that specific person. A good example is a parent that has life insurance through work. They are the head insured, and they can then insure their spouse and children. Though the primary insurer is paying for all the policies at the same time and they are all through the same company, they are all technically individual policies that would have to be paid out separately even if something happened to the entire family at the same time.

So why is life insurance done this way? This is to make sure that if something happens to one member of the family, that individual policy can be paid out without disrupting the coverage of the other family members. For those in the Columbia, SC area, the agents with Michael Taylor Agency can help to find the perfect insurance policy and coverage for your family or yourself.