With Life Insurance
Protect What Matters Most!
No one really wants to think about life insurance. But if someone depends on you financially, it’s a topic you can’t avoid. Getting life insurance doesn’t have to be hard (or boring). We have some answers to common questions about life insurance so that you can make informed decisions about protecting your loved ones financially.
What kind of life insurance do we offer?
Term life insurance is a type of policy where you pay a regular premium to an insurance company, and in return, they agree to pay a lump sum to your chosen beneficiaries if you pass away during a set period, or term. The term could be 10, 20, or 30 years, and if you’re still alive when the term ends, the insurance doesn’t pay out anything.
The purpose of term life insurance is to provide financial security for people who depend on you, like a spouse or children. If something were to happen to you during the term, the payout could help cover living expenses, debts, or other financial needs. The cost of term life insurance is usually cheaper when you’re young and healthy, making it an effective way to ensure financial safety for your dependents.
Whole life insurance, as the name suggests, is designed to provide coverage for your entire lifetime. Unlike term life insurance, which covers you for a specific period, whole life insurance doesn’t expire as long as you’re paying your premiums. The insurance company will pay a pre-decided amount to your chosen beneficiaries upon your death, regardless of when it occurs.
In addition to the death benefit, whole life insurance also includes a cash value component, which is a tax-deferred savings account that gradually grows over time. This means a part of your premium contributes to a cash value that you can borrow against or even withdraw from while you’re still alive, under certain conditions. However, these policies typically come with higher premiums than term life insurance because they provide lifelong coverage and accumulate cash value.
Indexed Universal Life Insurance (IUL) is a type of permanent life insurance that combines a death benefit with a cash value component. However, unlike whole life insurance, the cash value growth in an IUL is tied to a stock market index, such as the S&P 500. This means the cash value has the potential to grow more when the market performs well, but it won’t lose value if the market performs poorly, thanks to a feature known as a floor, which sets a minimum interest rate.
This policy also offers flexibility. You can adjust your premium payments and death benefit as your financial needs change over time. However, the costs, potential for gains, and risks involved tend to be more complex than with a basic term or whole life policy. Although an IUL can offer significant potential growth and tax advantages, it’s important to fully understand the complexities and risks associated with market-linked gains before considering this type of policy.
What kind of life insurance do we offer?
Term life insurance is a type of policy where you pay a regular premium to an insurance company, and in return, they agree to pay a lump sum to your chosen beneficiaries if you pass away during a set period, or term. The term could be 10, 20, or 30 years, and if you’re still alive when the term ends, the insurance doesn’t pay out anything.
The purpose of term life insurance is to provide financial security for people who depend on you, like a spouse or children. If something were to happen to you during the term, the payout could help cover living expenses, debts, or other financial needs. The cost of term life insurance is usually cheaper when you’re young and healthy, making it an effective way to ensure financial safety for your dependents.
Whole life insurance, as the name suggests, is designed to provide coverage for your entire lifetime. Unlike term life insurance, which covers you for a specific period, whole life insurance doesn’t expire as long as you’re paying your premiums. The insurance company will pay a pre-decided amount to your chosen beneficiaries upon your death, regardless of when it occurs.
In addition to the death benefit, whole life insurance also includes a cash value component, which is a tax-deferred savings account that gradually grows over time. This means a part of your premium contributes to a cash value that you can borrow against or even withdraw from while you’re still alive, under certain conditions. However, these policies typically come with higher premiums than term life insurance because they provide lifelong coverage and accumulate cash value.
Indexed Universal Life Insurance (IUL) is a type of permanent life insurance that combines a death benefit with a cash value component. However, unlike whole life insurance, the cash value growth in an IUL is tied to a stock market index, such as the S&P 500. This means the cash value has the potential to grow more when the market performs well, but it won’t lose value if the market performs poorly, thanks to a feature known as a floor, which sets a minimum interest rate.
This policy also offers flexibility. You can adjust your premium payments and death benefit as your financial needs change over time. However, the costs, potential for gains, and risks involved tend to be more complex than with a basic term or whole life policy. Although an IUL can offer significant potential growth and tax advantages, it’s important to fully understand the complexities and risks associated with market-linked gains before considering this type of policy.
Common Questions About Life Insurance
Life insurance is absolutely essential if there’s someone you care about who would suffer if you and your financial contributions were no longer in the picture. This could include a spouse, children, disabled family members, aging parents or anyone else who depends on your earnings to make ends meet.
There are several different types of life insurance. But what they all have in common is that they pay cash to your loved ones in the event you pass away. This lets your nearest and dearest remain on firm financial ground even though your earnings have stopped.
From the mortgage to child care costs to the weekly grocery haul, you already know that life comes with many expenses. We all do so much to take care of our loved ones in the here and now, but many people don’t consider how those left behind would manage if the unthinkable were to happen.
Over the years, we’ve heard from countless people who were extremely grateful to have a financial lifeline in the form of life insurance. And we’ve sadly also heard from those who didn’t have life insurance to rely on when a breadwinner passed away. Here are just two of their stories.
Even though Katie Miller was young, she knew to plan for her family’s future with life insurance. Shortly after welcoming their second son, she passed from an aggressive cancer at age 30.
Miranda Rivera lost her father when she was 12 with no life insurance, and she knew nothing would be the same again.
These kinds of stories underscore just how important life insurance is if anyone depends on you financially. The good news is that there are life insurance policies to fit every situation and budget. And many people are pleasantly surprised to discover that life insurance is far more affordable than they imagined—and to learn that life insurance proceeds are almost never subject to federal income taxes. What’s more, some policies also have a savings component to help you grow your nest egg in addition to protecting the ones you love most.
Getting started is easy. One of the best ways is to work with a financial professional who can walk you through the entire process. The key is to start today.
The question of who needs life insurance is very personal. An easy way to know if you do is to consider if someone would suffer financially if you were to pass away. If the answer is yes, then there’s a good chance that you should consider life insurance.
There are several different types of life insurance. What they all have in common is that they pay cash to your loved ones in the event that you pass away. This lets your nearest and dearest remain on firm financial ground even though your earnings have stopped.
Life insurance can help your loved ones cover virtually any expense they currently (or will someday) face if your financial contributions were no longer in the picture. Just a few include funeral costs, rent or mortgage payments, and childcare expenses.
Some of the people who most commonly consider life insurance include:
Married or partnered people
Those left behind often find it difficult to cover daily and future living expenses without a partner’s financial contributions. This is often as true for young couples as it is for empty nesters eying retirement. Life insurance can help ensure your surviving spouse or partner can maintain the standard of living you worked so hard to achieve.
Parents
It’s estimated that it costs $233,610 to raise a child to age 18. And that number only increases if you plan on contributing to your child’s college education.
Statistics like this underscore how incredibly important it is for parents to consider life insurance. This is as true for working parents as it is for stay-at-home parents whose unpaid contributions to the family would be expensive to replace. And we can’t forget single parents supporting families on their own—they have an especially important need for financial protection in the form of life insurance.
Retirees
Surviving partners often must make do with less Social Security and pension support. They may also have unforeseen funeral costs to cover. This can seriously hamper their finances.
What’s more, if you’re planning on leaving money to heirs, they could be required to pay estate taxes of up to 45%. Life insurance, which is almost always exempt from federal taxes, can be immensely helpful in any of these situations.
Business owners
Surviving family members are often not prepared to take over a business when an owner passes away. This pain is only compounded when a business has debts that are backed by assets like the family home. What’s more, a family that wishes to continue running a business may need to buy out a partner’s shares. Life insurance can be a financial lifeline in all of these situations, with many business owners pairing life insurance with a buy-sell agreement that lets the surviving partners buy out the deceased partner’s shares via the life insurance payout.
In addition to the instances above, there are certain life events that should make you ask “Do I need life insurance?” They include:
- Having someone cosign on a loan you take out
- Changing jobs
- Starting or buying a business
- Buying a house
- Getting married
- Having or adopting a child
- Deciding to go back to school
- Deciding to stay home with children
- Becoming a single parent
- Getting divorced
- Starting to support someone financially like an aging parent
- Starting to save for a child’s college education
- Getting close to retirement
As you can see, there are many reasons to consider life insurance. The good news is that getting life insurance is simpler and more affordable than most people think. One of the best ways is to work with a financial professional who can walk you through the entire process. The key is to start today.
The average life insurance cost is a tricky thing to pin down because it depends on several different factors. The most important ones that go into the price of life insurance include:
- Your age: The price of life insurance increases the older you are.
- Your health: People in good physical health generally pay less than those who have high blood pressure, diabetes or other health conditions.
- If you smoke: Smokers usually pay more than nonsmokers.
- Your hobbies: You’ll likely pay more for a policy if you engage in dangerous hobbies like skydiving.
- Your gender: Because women on average tend to live longer than men, they generally pay less for life insurance.
- The type of policy you buy: Term life insurance costs less than permanent life insurance because it has no savings component and covers you for a set period rather than your whole life.
- Your coverage level and term: The price goes up as you increase the coverage amount and the length of the term.
A Policy for Every Person
Don’t let your age, less than perfect health or the fact that you smoke keep you from applying for life insurance. There are many different policies for anyone wanting coverage—especially if you’re working with a doctor to manage a health condition. Just know you may pay more than someone younger, healthier and who doesn’t smoke.
It Costs Less Than You Think
You’ll also be glad to hear that life insurance probably costs a lot less than you think. Our most recent Insurance Barometer Study revealed that people think life insurance costs three times more than it really does. Many people were surprised to learn that a healthy 30-year-old can get a $250,000 20-year level-term policy for under $200 per year. With this policy, your loved ones would receive $250,000 if you were to pass away between the ages of 30 and 50. (And they’d receive the full $250,000, since life insurance proceeds almost always pass on tax free.)
A quick and easy way to get an idea of how much life insurance you’d need is to use our Life Insurance Needs Calculator. Simply answer a few questions to get an estimate of the amount you’d need to protect your nearest and dearest.
No Time Like the Present
If you’re on a tight budget, remember that any amount of life insurance coverage is better than none at all—and there’s no time like the present to get it.
We never truly know what tomorrow will bring. Life insurance tends to be less expensive the earlier you buy it, and by locking in coverage at a good rate now, you help ensure it continues even if you develop a health condition later on.
Every life insurance policy requires you to name a life insurance beneficiary. A beneficiary definition is simply who gets the payout on the life insurance policy in the event you pass away.
Your beneficiary can be:
- A person
- Several people
- An estate
- A trust
- A charity
Life Insurance Beneficiary Tips
Here are some basic things to know about naming a life insurance beneficiary along with a few helpful tips:
- Know that you can name more than one beneficiary. You can name one beneficiary or two or more beneficiaries. You’ll typically be asked which percentage of the payout goes to each person— for instance, you could designate 70% to a spouse and 30% to an adult child.
- Make sure to name a secondary beneficiary. Think of a secondary, or contingent, beneficiary as a backup. He or she receives the life insurance payout if the primary beneficiary is no longer alive when the payout is being made.
- Be specific with names. It’s best to list the name and Social Security number of each beneficiary rather than something generic like “my children.” This prevents confusion and speeds up the payout process.
- Keep your beneficiaries in the loop. Tell your life insurance beneficiaries about your plans and give them copies of the policy.
- Review beneficiaries once a year. In addition to an annual policy review, revisit after major life events like a marriage, birth, divorce, or death.
Special Beneficiary Considerations
Think carefully about the following special considerations when naming a beneficiary.
- Provide for a minor. If a surviving parent/partner isn’t available, name a highly trustworthy adult custodian or work with an attorney to set up a trust. Don’t name a minor directly; they cannot legally receive the payout.
- Disabled or special needs child. Consult an attorney to structure benefits (often via a trust) so eligibility for programs like Medicaid isn’t affected.
- Avoid naming your estate. Doing so typically sends funds through probate, adding time and potential costs. Prefer a person, people, or organization.
- Benefiting a charity. Options include naming the charity as beneficiary, making it owner and beneficiary, adding a charitable-giving rider, or working with a community foundation.
- Other special situations. There can be tax and legal issues if policyholder and insured differ, or in community property states when a spouse isn’t named. Get advice from a financial professional or attorney.
Get Help Naming Beneficiaries
Get help with naming beneficiaries and with all things life insurance by contacting a financial professional who can walk you through the entire process. The key is to start today.
If you’re denied life insurance, take comfort in the fact that you’re not alone—and that there are options.
People are typically denied life insurance because they fall into a high-risk category. This is often due to health challenges like diabetes, obesity or a previous diagnosis of serious disease.
There are also nonhealth reasons for being denied life insurance. They can include engaging in risky hobbies and behaviors like skydiving; having a history of DUIs or speeding tickets; having a dangerous job like roofing; having a criminal record or a less than ideal financial history; being a smoker; and failing a drug test.
Steps to Take If You’re Denied
- Contact your financial professional and/or the insurer. Confirm no mistakes were made and ask why the application was denied.
- Confirm the results. If health is cited, speak with your doctor. If not health-related, verify the cited reason is valid.
- Consider appealing the decision. If the denial was based on incorrect or incomplete info, submit an appeal promptly with updated medical records and relevant documents (credit report, driving record, job details, etc.).
Getting Coverage After Being Denied Life Insurance
If you’ve been denied coverage before and would still like to get life insurance, here’s what you can do.
- Work with a financial professional. They know which insurers are likeliest to approve your case, can help with applications and appeals, and many specialize in higher-risk cases.
- Apply with a different insurer. Approval criteria vary—try more than one.
- Look into a workplace plan. Employer group life insurance often requires no medical exam and can provide some coverage.
- Try again later. Use time to improve health, quit smoking, clean up your driving record, and stabilize finances.
- Consider a different policy type.
- Simplified issue life insurance: Quick application, no medical exam, high approval rate and often instant coverage; usually lower limits and higher cost per dollar.
- Guaranteed issue life insurance: No exam or health questions; acceptance guaranteed. Often has a waiting period for full benefits, lower coverage limits, and higher cost per dollar.
No matter where you are in the process, connect with a financial professional who can walk you through your options if you’re denied life insurance. The key is to start today.
While life insurance generally benefits your loved ones after you pass away, it can also benefit them (and you) before that time comes through something known as living benefits.
Term Life Living Benefits
Term life insurance covers you for a set amount of time (the term) and pays your beneficiary if you pass away during that time. Living benefit options for term life include:
- Accelerated death benefits. Pays out a portion of your term policy if you face a terminal illness so you can cover medical expenses, debt or make memories with loved ones.
- Insurers differ on the life-expectancy timeline required to access cash.
- Policies may need to be in force for a period before access is allowed.
- You may be charged interest on the accelerated amount used.
- The advanced amount is subtracted from the beneficiaries’ payout.
A variation is a critical illness rider that lets you access the benefit if you’re afflicted by a specified ailment.
- Return of premium. If you outlive the term, all premiums paid are returned. These policies typically cost more than traditional term life.
- Disability waiver of premium. Lets you skip premiums if you suffer a long-term disability (often six months or more). Not cash, but valuable protection since many workers face extended disability at least once.
Permanent Life Living Benefits
Permanent life insurance includes a death benefit and the ability to accumulate cash value on a tax-deferred basis. Some policies also include accelerated death benefits. Additional ways to access funds include:
- Cash value withdrawal. Access part of the cash value. Withdrawals up to your paid premiums are generally tax-free; amounts from interest/dividends/gains may be taxable and reduce the death benefit if not repaid.
- Policy loan. Borrow against the policy—typically lower interest than other lenders, no credit check, and fewer restrictions (interest applies).
- Policy surrender. Cancel the policy to receive the cash value as a lump sum, less any loans or unpaid premiums.
- Long-term care benefits. An added rider can let you use part of the death benefit to cover long-term care expenses not covered by health insurance; the death benefit is reduced by amounts used.
Learn More About Living Benefits of Life Insurance
A financial professional can help you explore living benefits and answer any other questions you have. The key is to start today.
Life insurance can help your loved ones cover expenses they currently (or will someday) face if your earnings were no longer in the picture.
Some of the most common immediate and everyday expenses people use life insurance for include:
- Funeral and burial costs
- Estate settlement costs
- Outstanding bills for healthcare
- Health insurance
- Mortgage or rent
- Household upkeep expenses
- Credit card debt
- Car loans
- Property taxes
- Outstanding tax bills
- Groceries
- Utilities
- Childcare expenses
- Private school tuition
- Costs to continue a family business
- Charitable giving to houses of worship or other nonprofits
In addition to letting your loved ones maintain their standard of living now, life insurance also helps ensure their future. Some of the most common non-immediate expenses life insurance covers include:
- Future college costs
- A spouse or partner’s retirement
- Planned inheritances
- Special charitable giving projects like a memorial fund
As you can see, there are so many ways that life insurance lets your loved ones remain on firm financial ground if you pass away unexpectedly. Thousands of people have benefitted from the financial lifeline that life insurance offers. Here is just one person’s story of how life insurance helped her weather a difficult time.
It only takes 30 to 60 days to receive a life insurance payout—and unlike most other savings vehicles, life insurance proceeds are almost always tax free. What’s more, getting life insurance is easier and more affordable than most people think. One of the best ways is to work with a financial professional who can walk you through the entire process. The key is to start today.
There are two main types of life insurance: term life insurance and permanent life insurance.
Term Life Insurance
Term life insurance is the type of life insurance most people are familiar with. It pays a cash benefit to your loved ones (also known as your beneficiaries) if you were to pass away during the term. The term is how long the policy lasts. Typical terms are 10, 20 or even 30 years.
The benefits of term life insurance are:
- Affordability. Term life insurance only offers a death benefit, which is the cash paid to your beneficiaries if you pass away during the term. It does not include a savings benefit like permanent life insurance. This makes it the most economical type of life insurance policy, at least initially. Many people are pleasantly surprised to learn just how affordable term life insurance can be. As an example, a healthy 30-year-old can get a $250,000 20-year level term policy for about $13 a month.
- Flexibility. You get to choose how long you want coverage to last based on your needs. Many people pick a milestone like when their kids graduate from college or when they retire for when to stop coverage. Your term can last as little as a year to as long as 30 years or more.
- Simplicity. Getting term life insurance typically involves just two decisions: how much coverage you want and how long you want it to last. A financial professional can help you choose a coverage amount and term. To get a general idea of how much term life insurance you need, check out our Life Insurance Needs Calculator.
- May not require a medical exam. Many, but not all, types of term life insurance policies require a medical exam. Today, there are options that don’t require you to undergo a medical exam. They typically give you immediate coverage after you fill out an online application and you qualify. However, the coverage amount may be limited as well as more expensive on a dollar-for-dollar basis than traditional life insurance that requires a medical exam.
Permanent Life Insurance
In addition to a death benefit, permanent life insurance has several features that term life insurance does not.
The benefits of permanent life insurance include:
- Lifelong coverage. As its name implies, permanent life insurance covers you for life, as long as you pay your premiums. Many people gain peace of mind knowing they will always having coverage in place.
- Living benefits. A benefit of permanent life insurance is that they can build cash value over time, which accumulates on a tax-deferred basis just like assets in most retirement and tuition savings plans. The money can be used in the future for any purpose, including important milestones such as a down payment on a home, college tuition or retirement. (Just know that withdrawing cash value from the policy will reduce the death benefit if you don’t pay it back.)
- Many options. There are different kinds of permanent life insurance. Some offer a guaranteed rate of return while others let you choose a mix of investments for a variable rate of return. Meanwhile, some require you to pay fixed premiums while others let you vary the amount based on your financial circumstances. Others even let you skip premium payments and increase or decrease your coverage level over time.
Consider a Mix of Term and Perm
Everyone’s financial situation is unique, and life insurance is designed to work with your exact circumstances. While many people choose either term or perm, others find that a mix of the two offers the best of both worlds. To see what may work for you, try using our product selector.
With so many types of life insurance policies out there, it can be a little confusing about which one (or ones!) to choose and how to go about getting it. One of the best ways is to work with a financial professional who can walk you through the entire process. The key is to start today.
Everybody needs a different amount of life insurance based on their individual situation. But it basically comes down to how much money your loved ones would need to remain on firm financial ground if your earnings were no longer in the picture.
To get started, it helps to consider a few questions like:
- Who do I want to protect? Common answers include a spouse or partner and children, but your list may also include siblings, aging parents and more.
- How long would they need financial support? Consider the ages of everyone who depends on your earnings.
- Is anyone disabled or have other special needs? It’s important to remember that some people may need lifelong support.
- How much debt do I have? You’ll want more coverage if you have a mortgage, auto payments, credit card debt and other outstanding loans.
- How much savings do I have? Factor in all of your savings and investments and how liquid they are—some investments like real estate cannot instantaneously be converted into needed cash.
- Were you planning on contributing to a child (or children’s) college education? If so, you’ll want to up your coverage level.
- Will my spouse or partner need help with funding his or her retirement? If so, more coverage is needed than if he or she is fully funding his or her own retirement.
Three Easy Ways to Estimate Your Need
There’s no way to know the exact dollar amount your loved ones would need if you were to pass away. But there are three easy ways to get an estimate of what that amount would be. (Keep in mind that experts recommend erring on the side of caution and buying a little more life insurance than you think you may need.)
Calculation 1
One of the simplest ways to get a rough idea of how much life insurance to buy is to multiply your gross (a.k.a. before tax) income by 10 to 15. Another popular formula recommends adding $100,000 to that amount for each child’s college education expenses.
Calculation 2
Another way to get a ballpark figure of how much life insurance to buy is to calculate the following:
- Add up the immediate, ongoing and future expenses your family or loved ones would incur if you were to pass away. That could mean everything from funeral costs to rent or mortgage to college tuition.
- Add up the financial resources your loved ones already have. That could mean a spouse’s income, savings, investments and life insurance that’s already in place.
- Subtract your financial resources from the anticipated expenses. The difference between the two numbers is the approximate life insurance to buy.
Calculation 3
Perhaps nothing is easier than a life insurance calculator, which is why we developed our Life Insurance Needs Calculator. Just answer a few questions to get an idea of how much life insurance to buy.
Get the Coverage You Need
One of the best ways is to work with a financial professional who can walk you through the entire process. The key is to start today.
The process for how to get life insurance starts by filling out a life insurance application. From there, your application will undergo a process called underwriting.
This is when a life insurance expert known as an underwriter decides whether to offer you life insurance and at what cost. Approval and costs are based on your risk class.
There are two types of underwriting:
- Traditional underwriting. With traditional underwriting, you fill out a life insurance application and undergo a medical exam.
- Simplified underwriting. With simplified underwriting, you typically fill out a quick online life insurance application. A medical exam is not required.
Keep reading for more in-depth information about the traditional underwriting process and the pros and cons of both traditional and simplified underwriting.
The Traditional Underwriting Process
- The application. You’ll usually fill out the life insurance application with help from your financial professional. They submit it to underwriting. While you wait, your financial professional may request the first premium to “bind” interim coverage. (Insurance fraud is a felony—answer truthfully.)
- The medical exam. A paramedical exam typically includes vitals, blood/urine samples, and health history; sometimes a treadmill test or EKG. It’s under 30 minutes and the insurer pays.
- The review process. The underwriter reviews the application, exam, and other items (driving record, hobbies, credit, etc.). A decision usually takes a few weeks.
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The Simplified Underwriting Process
- The application. Usually offered online. You answer a few health questions and may be offered immediate coverage.
- No medical exam. No exam, no blood/urine samples, and no wait for lab results.
- Additional background. By agreeing to the terms, you allow the company to check databases (e.g., the Medical Information Bureau) to flag inconsistencies.
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How to Apply for Life Insurance
One of the best ways is to work with a financial professional who can walk you through the entire process. The key is to start today.
Like other aspects of your financial well-being, you don’t want to take a “set it and forget it” approach to your life insurance policy.
As a general rule of thumb, it’s a good idea to review your life insurance with your financial professional at least once a year. The life insurance review is a way to make sure that you have the right kind and level of coverage to protect your loved ones. And if you have permanent life insurance, it’s a good opportunity to make sure it’s helping you meet your overall financial goals.
A life insurance review is also the perfect time to learn about any new coverage options your insurer recently announced; to discuss any concerns you have about the rate you’re paying; and to take action before a policy expires.
Other Times to Review Life Insurance
Your life insurance often needs to change as your life changes. Schedule a review after a major life event such as:
- Getting married
- Getting divorced
- Buying a house
- Having or adopting a baby
- Accepting a new job
- Receiving a substantial raise or promotion
- Taking out a mortgage or other loan
- Refinancing your home
- Paying off your mortgage
- Buying a business
- Selling a business
- Receiving an inheritance
- Having a loved one require long-term care
- Becoming disabled
- Becoming an empty nester
- Experiencing a death in the family
- Retiring
An often overlooked reason for scheduling a life insurance review is experiencing a change in health. A turn for the worse is often a reason to increase your coverage or to examine additional coverage opportunities. (Just know that a new policy may cost more if you’re facing a health challenge.) That said, rest assured that you’ll be able to continue the coverage you already have in place regardless of your health.
On the flip side, an improved health outlook from losing weight, exercising more, quitting smoking and getting control over an issue like high blood pressure might help you get a better rate. The same applies if you recently quit a dangerous hobby like mountain climbing or left a risky job like being a roofer.
Work With a Financial Professional
One of the best ways to make sure your loved ones are fully protected is to work with a financial professional who can walk you through the entire process. The key is to start today.
Looking for something else?
Term Life, Whole Life, and Index Universal Life are some of the most common insurances offered, but we have access to more niche types of life insurances. Such as AD&D, Key Man Insurance, Second to Die Insurance, Final Expense Insurance, Child Life Insurance, Group Life Insurance, Guaranteed Life Insurance, and Premium Finance Insurance.
If you are interested in a more niche life insurance or have a strategy that you would like to try, you can get an appointment scheduled today to talk to one of our strategists!
Looking for something else?
Term Life and Whole Life are some of the more common insurances offered, but we have access to more niche types of life insurances. Such as Key Man Insurance, Second to Die Insurance, Final Expense Insurance, Child Life Insurance, Group Life Insurance, Guaranteed Life Insurance, and Premium Finance Insurance.
If you are interested in a more niche life insurance or have a strategy that you would like to try, you can get an appointment scheduled today to talk to one of our strategists!