While it’s not commonly accepted for individuals to bundle life insurance with other policies, such as homeowners’ and auto insurance, it may be possible for residents of Pennsylvania. If you’re interested in multi-policy discounts from major insurers, you may have the option to bundle your life insurance with other policies you hold. At Valor Insurance, we’ll work with you to review and assess options that provide the protection and coverage you need.
Types of Bundling Solutions Including Life Insurance in Pennsylvania
In Pennsylvania, you may be able to bundle your life insurance policy with:
- Auto/Home Insurance: Many major insurers offer multi-line discounts when combining life and property or casualty insurance. While you won’t have one combined policy, you can often take advantage of a 5%-15% discount with this approach.
- Disability: It may be possible to bundle or add riders to plans that include disability income, long-term care, or accelerated death benefits. These riders enhance life insurance protection and can often be more affordable than investing in separate policies.
- Life Insurance through Employers or Group Plans: Residents of Pennsylvania may have access to group life insurance, which is often bundled with additional policies. These policies may include disability, vision, and dental coverage, which are often provided directly by associations or employers.
Whenever you’re considering investing in a life insurance policy and want to bundle potential policies you already own, working with a trusted agent is key. If you’re located in Pennsylvania, it’s crucial to find an agency that understands the bundling process to determine if your plan will work. To learn more about combining life insurance with existing policies you hold, contact Valor Insurance for your initial consultation today.