We’ve answered some common questions about our insurance agency.
At Kimeo Smith Agency, we’re passionate about helping people find comprehensive insurance coverage at an affordable rate. We’ve answered some common questions about the insurance options we offer and our insurance agency in general.
How do I get a quote for insurance?
You can fill out the contact form on our website, or you can call us. We’ll gather a few details about your goals and provide a custom quote quickly.
Does it cost anything to speak with someone at your agency?
No. We provide free, no-obligation consultations. Whether you want a simple life insurance policy or a retirement strategy, we will educate you on your options at no cost.
What makes you different from other agencies?
We prioritize education over sales. As a local agency, we don’t just sell policies – we design strategies that align with our clients’ needs and budget while providing high-touch, personal service.
Do you work with multiple insurance carriers?
Yes! We are an independent agency, which means we represent several top-rated insurance carriers. This allows us to “shop” the market on your behalf to find the best coverage at the most competitive rate.
Can you help if I have a preexisting medical condition?
Absolutely. We work with a diverse portfolio of carriers, and we have access to products specifically designed for individuals with various health backgrounds.
How often should I review my insurance coverage?
We recommend looking at your policies at least once a year or whenever you experience a major life event. For example, getting married, having a baby, or buying a home warrants looking over your insurance.
What is the difference between term and whole life insurance?
Term life provides coverage for a specific period of time and is typically more affordable. Whole life is permanent coverage that stays in place for your life, building cash value over time.
What is mortgage protection insurance?
Mortgage protection is a specialized life insurance policy designed to pay off your mortgage balance in the event of your passing. This ensures your family can stay in your home without the burden of monthly payments.
Why do I need final expense insurance?
Often called burial insurance, these policies are designed to cover the costs associated with a funeral and medical bills. These smaller policies ensure your loved ones aren’t hit with unexpected debt.
What is a Fixed Index Annuity?
This is a contract with an insurance company that allows you to earn interest based on the performance of a market index without being directly invested in the market, protecting your principal from market losses.
How can an annuity help with retirement planning?
Annuities are designed to provide a steady stream of income you cannot outlive. They are an excellent tool for those looking for a guaranteed paycheck into retirement.
Can I move my 401(k) into an annuity?
Yes! We can help you move funds from a previous employer’s retirement plan into an annuity to help protect your savings from market volatility.
Do you offer insurance solutions for small business owners?
Yes! We help business owners with “key person” insurance, buy-sell agreement funding, and executive bonus plans to ensure the business stays stable if a key member passes away.
How does life insurance play a role in estate planning?
Life insurance provides immediate liquidity to your heirs. This cash can be used to pay estate taxes, settle debts, or ensure an inheritance is equalized among children.
What is the cash value in a life insurance policy?
Cash value is a living benefit found in permanent policies. A portion of your premium grows tax-deferred, and you can potentially borrow against it for emergencies, education, or supplemental income.