What type of life insurance should you take and how much coverage do you need?
All of us are going to die, someday — it isn’t a question of if — it’s a matter of when. And when our time comes, we want to ensure the well-being and the comfort of our family members who we leave behind. Securing life insurance provides you with peace of mind now that you have provided for your beloved ones in the time of your absence.
For many, life insurance can feel like just another expense – until you really need it. But then, it’s too late! It’s like trying to obtain inexpensive auto insurance after you’ve had a wreck – or buying homeowner’s insurance after your house catches fire! But even if you have a budget that is stretched, term life insurance can be a cost-effective solution to get the insurance coverage you need now at an affordable price.
Term Life Insurance Quotes – A Good Place to Start
Ask yourself whether your family would have enough to live on, pay off debts (including a mortgage and funeral expenses), and pay for costs to raise and educate your children when you are gone. Remember that when you die, your paycheck stops, leaving a substantial gap in your family’s income and expenses. Fortunately, this is where term life insurance can help fill the gap.
Try using our built-in online life insurance calculator to get an estimate of the amount of term insurance you might need, or consult with us for help. Buy the longest term you can afford to ensure that you have coverage for as long as you might need it.
What is the difference between term and permanent life insurance
Both term and permanent policies allow you to select an amount of coverage and lock in a monthly payment over the life of the policy, providing a lump sum payment to your beneficiaries when you die. Permanent policies earn cash value and remain in force as long as premiums are paid. Coverage with a term policy lasts only for a specific time period (often offered at 10-, 20-, or 30-year terms), with no cash value accruing. Once the term is over, the policy coverage (and premiums) will end.
Term Life is a very affordable interim solution
People often delay purchasing life insurance because they think it is more than their budget can handle, and they often overestimate how much it will cost. However, term life can be an affordable way to get the coverage you need – today.
Six Important Facts about Buying Term Life Insurance
In the beginning, permanent life premiums are typically higher than term life premiums, making term an affordable option to get a policy in place. (But remember, term life comes with an expiration date – Make sure you choose a term that’s long enough to cover your family’s needs)
People who find a permanent policy more appealing often buy less coverage than they need, leaving them underinsured. Why, then, do insurance companies work so hard to sell you cash value life policies? The answer is simple — they earn more in commissions! It’s good for them — and while there may be a place for cash value life insurance in your asset mix — it shouldn’t come at the expense of ensuring you have enough protection that you might not otherwise acquire.
Term life insurance premiums are at an all-time low, making it an affordable option for almost any family.
Only buy term life through an independent agent. Unlike a “captive” agent who is allowed to sell only one life insurance company’s products in , an independent life agent can instantly compare term life insurance quotes from America’s leading carriers.
Be your own life insurance agent! Why listen to the sales pitch of an agent trying to oversell you what you need or can afford?
Why not get immediate comparison quotes from different life insurance companies right here – right now – and then invest in the protection you need, and can afford.
Get the coverage you need … today
As you age, it gets more expensive to buy life insurance. Moreover, certain health conditions can make premiums increase – or worse, make it difficult to qualify for life insurance coverage at all. Why not compare life insurance quotes right now? You’d be surprised at how much term coverage you can easily afford.
We regularly monitor the market to make sure that we are offering the best policies at the most affordable rates. It’s easy for us to do this since we are independent and represent the leading insurance companies.
We strive to give you the very best service.
For more inquiries on the types of Life Insurance, you may call Ira Blatt at 1.800.374.3210.