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Life Insurance

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In our office we believe Life insurance is the most important coverage to protect your future. Nobody wants to think about the end of one's life, but it is inevitable. It is best to arrange protection earlier to be  better prepared and to take advantage of considerable savings. Over the next few pages we will explain what information is needed to give you a quote, the different types of Life policies, and the relationship of age to premiums.

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Different Types of Life Policies

Basically, there are 2 major types of Life insurance, which are permanent
insurance and term insurance.

Permanent Life Insurance 
Permanent Life insurance will protect you and benefit your family as
long as you pay the proper premium. Permanent Life costs more than term for you own this policy for your entire life and it builds cash value. Purchasing a permanent Life policy can be compared to purchasing a home versus renting in the value you receive.

Term Life Insurance
Term Life insurance is  purchased for temporary protection such as providing a benefit for your children  as they grow up or securing your
mortgage. This policy can be compared to  renting for you do not build cash value with term insurance.

Relationship of Age to Premiums

You might be thinking that you cannot afford this protection right now, and there are many financial hurdles in our day-to-day life that make affording life  insurance seem too difficult at any one time. The chart below documents the  reasons most given for not being able to afford or need protection during these  age segments.

18-29    Feel you are too young to need to worry about life insurance
             Just starting out on your own, too many expenses to worry about
30-49    Raising a family and have even more financial responsibilities
             College expenses
50-        Assisting aging parents
             Increased cost of coverage

As you know, life  insurance rates increase with age, so it becomes a greater expense if you wait.  With all the different options available we can secure your future and lock in  better rates just by qualifying and starting with an option that best meets your  needs today, thereby, making it easier to make the necessary adjustments as your  family and responsibilities grow. So give us a call before your next birthday,  and we can design a policy that is best for you.