Life insurance is for the living, the loved ones we leave behind. In order to determine how much life insurance you need, you must first figure out how much money your family will need after you are gone. You are not only trying to replace your income, but are trying to determine and prepare for future expenses as well. I can help you arrive at the amount of coverage that is right for you and your family.
Life Insurance can also be used as a planning tool for businesses and estates. Many trust and pension plans own life insurance policies. Business partners buy insurance on each other so they can satisfy buy/sell agreements should a partner die. Business owners also buy life insurance on Key Employees whose death would have a financially adverse effect on their business.
Types of Life Insurance
There are many types of life insurance: Term Life, Return of Premium Term Life, Whole Life, Universal Life, No Exam Life, Indexed Life & Survivorship Life. Which type of insurance you should have depends on your specific needs.
Cost of Life Insurance
Genetics and family history play a very important role in qualifying for life insurance. If one of your parents died from heart disease prior to age 65, most insurance carriers will not offer you preferred rates. Smoking, an adverse health history or a history of cancer within your family all affect what you pay for life insurance.
There is also a cost associated with waiting to buy life insurance. This costs can be significant if your health changes and as you get older.
My 23 years of experience in the life insurance industry has taught me how to properly qualify clients for life insurance. I can help you obtain the most competitive rates from among the dozens of quality insurance carriers we work with.
Call me today for a quote or to schedule an appointment.