Low Cost Life Insurance near You
Low Cost Life Insurance to fit your budget & needs
Have you recently gotten married?
After getting married, it is important to review your life insurance needs. If one spouse is not working, he or she might be dependent on the working spouse’s income; if so, reviewing life and disability insurance coverage is prudent.
The spouse who is not working outside the home should also consider having a separate life insurance policy because, in the event of premature death, the services he or she provides for the household would need to be replaced, and that could prove costly to the surviving spouse.
Moreover, even if both spouses are working, couples often make financial commitments based on both incomes so the loss of one spouse’s income due to death or disability could be financially devastating without adequate insurance.
Insurance needs change as circumstances in your lives change, which is why an annual insurance review is recommended by our agency.
Please contact our office at your earliest convenience for a no-obligation review.
After getting married, it is important to review your life insurance needs. If one spouse is not working, he or she might be dependent on the working spouse’s income; if so, reviewing life and disability insurance coverage is prudent.
The spouse who is not working outside the home should also consider having a separate life insurance policy because, in the event of premature death, the services he or she provides for the household would need to be replaced, and that could prove costly to the surviving spouse.
Moreover, even if both spouses are working, couples often make financial commitments based on both incomes so the loss of one spouse’s income due to death or disability could be financially devastating without adequate insurance.
Insurance needs change as circumstances in your lives change, which is why an annual insurance review is recommended by our agency.
Please contact our office at your earliest convenience for a no-obligation review.
Have you recently added a child to the family?
If you have recently added a child to your family, whether by birth or adoption, it is important to review your life insurance and disability income protection.
If you are planning for your life insurance to match your survivors’ expenses after your death, the new child will no doubt add to those expenses, requiring more life insurance to keep your family secure.
If you plan to save for your child’s college education, life insurance can assure completion of that plan.
And if you keep your current life insurance policy, do not forget to update the beneficiary designations to include the new child.
Insurance needs change as circumstances in your lives change, which is why an annual insurance review is recommended by our agency.
Please contact our office at your earliest convenience for a no-obligation review.
If you have recently added a child to your family, whether by birth or adoption, it is important to review your life insurance and disability income protection.
If you are planning for your life insurance to match your survivors’ expenses after your death, the new child will no doubt add to those expenses, requiring more life insurance to keep your family secure.
If you plan to save for your child’s college education, life insurance can assure completion of that plan.
And if you keep your current life insurance policy, do not forget to update the beneficiary designations to include the new child.
Insurance needs change as circumstances in your lives change, which is why an annual insurance review is recommended by our agency.
Please contact our office at your earliest convenience for a no-obligation review.
Have you switched jobs or experienced a significant change in your income?
If you had life and disability insurance through your former employer, and your new employer does not provide equivalent protection, you can replace the “lost” coverage with individual policies.
In the case of an income increase, you may have taken on additional financial commitments that your survivors will depend on. Make sure to review your life and disability insurance to ensure it is adequate to maintain those commitments.
If your income decreased, you may want to cut your life insurance premiums. Term life insurance is a good option, as the premium rates are very reasonable. And if you already have two or more policies you might be able to replace both with a single policy at a lower rate because you may reach a “milestone” amount of insurance.
For example, at many life insurance companies, $500,000 of insurance costs less than $450,000 because of the milestone discount.
But do not drop existing life insurance until after you have a new policy in place.
Insurance needs change as circumstances in your lives change, which is why an annual insurance review is recommended by our agency.
Please contact our office at your earliest convenience for a no-obligation review.
If you had life and disability insurance through your former employer, and your new employer does not provide equivalent protection, you can replace the “lost” coverage with individual policies.
In the case of an income increase, you may have taken on additional financial commitments that your survivors will depend on. Make sure to review your life and disability insurance to ensure it is adequate to maintain those commitments.
If your income decreased, you may want to cut your life insurance premiums. Term life insurance is a good option, as the premium rates are very reasonable. And if you already have two or more policies you might be able to replace both with a single policy at a lower rate because you may reach a “milestone” amount of insurance.
For example, at many life insurance companies, $500,000 of insurance costs less than $450,000 because of the milestone discount.
But do not drop existing life insurance until after you have a new policy in place.
Insurance needs change as circumstances in your lives change, which is why an annual insurance review is recommended by our agency.
Please contact our office at your earliest convenience for a no-obligation review.
|
What does life insurance cover?
Life insurance is a way of helping your family cope financially when you die. It is intended to provide help to your loved ones when they can’t rely on your salary or income any longer. The payout can be used to clear debts, pay off the mortgage or just cover everyday expenses. It could even pay for your funeral if you haven’t set anything aside for that. How much life insurance do I need? It all depends on your personal circumstances as the amount of cover, also known as the ‘sum insured’ can be different for each family. Let’s say you are married, have a large mortgage and four children, you are going to need more cover than a single parent with a two bedroom flat with one child. Most of the time, the recommended amount to be insured is 10 times your annual salary or income. But obviously, you should make more detailed calculations to make sure you are fully covered. |