Who Should Have Life Insurance?
Everyone. Unfortunately, we will all pass away at some time and there are expenses associated with death regardless of your post death arrangements (i.e. funeral, cremation).
When Should I Buy Life Insurance?
There is no “magic age” to make this purchase. At present day, you are the youngest that you will ever be, and your price for life insurance is most likely the least expensive it will ever be. Following are examples of times in your life that you should review your current life insurance and/or consider adding more.
- - Marriage
- - Purchasing a Home
- - Having Children
- - Promotion/Raise
- - Retirement
How Much Life Insurance Should I Have?
This is probably the most common question that we get. It is important that you sit down with a life insurance/financial planning professional to discuss this topic. There are many factors that need to be taken into consideration and ultimately the appropriate amount lies in what is most important to you.
What is the Difference Between Whole Life Insurance and Term Life Insurance?
Term life insurance is best used to cover a lot of exposure for a smaller premium. If you need a sizeable amount of coverage, this is an inxpensive way to cover yourself. This insurance typically expires after a time period of 15, 20 or 30 years. Whole life insurance is easily defined exactly as it sounds. It is permanent life insurance that lasts your whole life. (Assuming you pay your premiums) It usually comes at a higher cost. Some of these policies can have cash value or loan value options as the years go by.
You should contact Integrity First Corporation for your free Life Insurance quote today!