Life Insurance

Major life events like purchasing a home, having a baby, or getting married, are excellent reasons people should look into getting life insurance. Your life is constantly changing, and regular reviews of your policy will ensure that you and your family aren’t surprised by insurance that doesn’t fit your needs.

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Life Insurance

FAQS

Term Life Insurance

Term life insurance gives you protection for a predetermined period. For example, a 20-year term life policy locks in your premiums and coverage amounts for the entire 20-year term of the policy. After that, unless you cancel, the policy renews annually with new rates.

Permanent Life Insurance

Permanent life insurance gives you coverage for your whole life, not just a time. It differs from the term because it typically accumulates cash value, and premiums usually don’t increase as your health and age change.

Buy it Early

The basis of life insurance rates is in part on age and health, so the younger and healthier you are, the less you’ll typically pay for coverage.

Determining Amount of Coverage

While it sounds nice to have a $1 million life insurance policy, you may not need that much coverage. One way to determine how much is enough is to consider future costs for things that are a priority, such as child care, paying off your mortgage, and settling any outstanding debts/loans.

Connect with an advisor and start a free no-obligation quote today!

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