Life Insurance to protect your family for generations.
Losing a loved one is one of the most traumatic, stressful situations someone can endure...especially without life insurance. Research has shown that stress is directly related to physical health problems and may lead to heart disease, high blood pressure, diabetes, depression, panic attacks and illnesses. Your family will already be experiencing high levels of stress as they are grieving from their loss, so wouldn’t you want to help reduce the added stress by making sure your family’s future is protected?
The two major components that make up a life insurance policy are:
- the amount of coverage needed
- the policy term:
To determine the amount of coverage needed, it is important to take into account that the younger you and your family are, the more coverage will be needed. The reason behind this is a matter of risk; you may have a higher amount of mortgage to pay off as well as planning for your children’s future. In time as you and your family get older, your children may be less dependent on you financially and in turn your coverage amount will be less.
Factors that will help determine your coverage amount are:
- Debt Pay off
- Future Income
- Educational Expenses
To determine the best policy type for you and your family, there are several policy terms that will fit your needs and budget, such as:
- Term Policy- low premium, no cash value (10 years, 15 years, 20 years, 30 years)
- Permanent Life Insurance Policy- more expensive option, offers cash value over time
You can still ensure your family is financially secure in case something happens to you. Our experienced agents can help you find a Life Insurance policy that will help relieve your family from financial burdens while they are grieving from their loss.