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Raley, Watts & O’Neill Insurance

Since 1950, Raley, Watts & O’Neill has been serving the insurance needs of our clients. We started as a one person operation in Lexington Park, MD and are proud of our small town heritage. We have worked hard to maintain the fundamental principles of our roots while we have grown into a company that serves clients throughout the Mid-Atlantic, the United States and Internationally. We pride ourselves on getting it right and taking care of the needs of our clients. We simplify the insurance process and take the time to make sure each of our clients understand their options, what they are buying and where their money goes. Our committed staff has the expertise and extensive experience in a broad range of insurance products and services like Commercial, Personal, Bonding, Safety/Risk Management, Group Health, Life and Financial Services. We would welcome the opportunity to demonstrate to you how working with Raley, Watts & O’Neill is about more than just insurance; it is about a long term relationship. We always strive to never veer from our values – C.A.R.E

Life Insurance: The Earlier, the Better

Gordon O’Neill Gordon O’Neill , 5/19/2016
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When it comes buying life insurance, many people hold off on getting a policy when they are young.  Truth is, though, the earlier you buy a policy, the better.  In fact, as soon as your children are born, you should by a policy for them that can be increased over time.  You'll find that a policy on a child is only a few dollars a month, while the same policy on someone who waits until they are in the 50s will cost several hundred a month.  

To put it simply, the earlier you buy a policy, the better.  Even if you're already in your 30s, buying a policy now will be far more cost-efficient than investing in one when you get older.  When you buy a policy, keep in mind that there are several types to choose from.  A term policy will more than likely be the cheapest, but a whole life policy is guaranteed to pay out.  

One of the best ways to ensure you buy the best policy is by speaking with a local insurance agent.  The agent will be able to assess your life insurance needs and help you find a policy that adequately meets these needs.  There are many variables that will affect the type of insurance that you need, including your number of dependents, the general amount of income that you bring in and much more.  Your future financial goals also influence the type of policy you should invest in, such as whether or not you want to pay for your children's college tuition. 

The most important thing to keep in mind is that the earlier you buy insurance, the cheaper it will be.