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A man walking on a road and talking on his phone understands why he should buy life insurance

Why buy life insurance?

Life insurance provides peace of mind that your family is financially protected if the unexpected were to happen to you. Sifting through all the options, prices and fine print can be overwhelming, though, so consider letting us do the legwork for you.

We’ll shop the life insurance companies we represent on your behalf, compare prices and coverage for you and provide you with your best options. We can also answer any questions you have, match you with the best carrier for your lifestyle or health condition and find opportunities to try to save you money and more.

Is life insurance really worth it?

Investing in a life insurance policy can seem daunting, but not only is it worth the peace of mind, but it can actually be more affordable than you might think. When you see high-dollar amounts of coverage, it’s understandable why you may assume that life insurance is expensive. However, most life insurance is more affordable than you may think.

There are two main types of life insurance: term life insurance and permanent life insurance. Term life insurance is the most affordable option and is also highly customizable, with the ability to fit both your needs and budget. With term, you choose a specified period of coverage— usually 10, 15, 20, 25 or 30 years. If the unexpected were to happen, your family would receive a death benefit, and if you’re a primary income earner, having this financial security could make a huge impact on your family’s future.

What happens if you outlive your life insurance?

It’s important to first understand that the insurance policy doesn’t necessarily go away, but instead, the rate at which you were paying does. After the term period ends, you can usually continue your policy on a year-to-year basis but at a much higher premium. There are a couple different options for you to take when your insurance coverage is about to expire:

  • Keep Your Policy – Keeping your policy may be a good idea for someone who is in poor health. However, life insurance gets more expensive as you age, and it’s typically a good idea to consider all of your options instead of accepting a much higher premium. We can help you explore your different options, whether it’s no medical exam insurance, final expense insurance, or another option altogether.
  • Shop Around – It’s always beneficial to shop around even before your life insurance policy expires. Because the cost of your existing policy will likely increase, we can help you make sure you’re still receiving the coverage you need at a price that fits your budget.
  • Convert Your Term Policy to a Permanent Policy – While term life insurance provides affordable coverage, the policy does eventually end. Many term life insurance policies, however, are able to be converted into a permanent life insurance policy such as whole life insurance without having to complete another medical exam or health questions if done by a certain age. Learn more about converting a term policy into a permanent policy.

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