Family Life Insurance
While life insurance is mostly purchased on the life of the main breadwinner of a family, it is in fact the family of the breadwinner the one we must keep in mind when looking for family life insurance.
Family-Related Factors To Consider:
- How would your loved ones face the future without you?
- Would their lifestyles and circumstances be the same?
- Or would they deteriorate?
- Would your family be able to pay the mortgage?
- Would there be money for the children’s education?
- And, what about the basics – would your family’s needs be met?
Sample TERM LIFE INSURANCE Rates
The life insurance policy that best meets your personal and financial needs can help provide the financial protection you need at a price you can afford. Below is an example of what the monthly costs might be for 10 years of level TERM LIFE INSURANCE.
Planning for your untimely death may feel strange, but knowing that you are providing for the security of loved ones when you are gone does not. In fact, you are going to feel good knowing that you are taking care of the most important people in your life – your family!
Making Sure You Select The Right Life Insurance Policy
Selecting the right policy for you and your family, is a process that should not be taken lightly. In fact, you should consult with a licensed life insurance agent to make sure you are making the right choice of life insurance. Just as an example, factors that need to be taken into account include:
- Face amount of policy (HOW MUCH INSURANCE PROTECTION YOU WILL NEED)
- Which insurance company to choose (an independent agent has access to most life insurance companies in the country)
- Type of policy (TERM – PERMANENT (GUL) – RETURN OF PREMIUM – WHOLE LIFE)
- How much you can afford
- What riders to get. Riders are amendments to the life insurance policy that provide additional benefits -sometimes at an added cost. The type, cost if any, and benefit offered by a rider do vary somewhat from insurance carrier to insurance carrier; however, they are similar and typically include the benefits outlined below:
- Spouse Insurance Rider (the insurance company will pay additional benefits – as defined in the policy – in the event of the death of a spouse)
- Accidental Death Benefit Rider (If you die from an accident the insurance company pays an additional benefit in addition to the policy’s stated death benefit)
- Waiver of Premium Rider (you do not have to pay the premium if you are totally disabled and can’t work)
- Disability Income Rider (you collect a regular income from the insurance company if you become totally disabled and can’t work)
- Accelerated Death Benefit Rider (also referred to as LIVING BENEFITS, the insurance company will let the insured collect a portion of the death benefit if he/she becomes terminally ill with a short life expectancy)
- Child Term Rider (the insurance company will pay additional benefits – as defined in the policy – in the event of the death of a child)
- RETURN-OF-PREMIUM Rider (if the insured is alive at the end of the term and has paid all the premiums as due, the insurance company will return all premiums paid)
Make sure that the lifestyles of your loved ones are protected. What you do today could be the most significant step you will take to secure your family’s future.
The Next Step To Take
Now that you have done a serious evaluation of your life insurance needs, the next step is to start searching for the life insurance policy that best meets your personal and financial needs. You can start the search yourself by using the QUOTE ENGINE that appears on this website. Just click on QUOTE ENGINE and follow the steps when you are on that page.
Or, Contact Us By:
- Calling Our Toll Free Number (888) 950-8376
- Or Write to firstname.lastname@example.org