An Affordable Way to
Protect Your Family
What Is Life Insurance?
Life insurance’s sole purpose is to provide guaranteed financial security for your family in the event of an unfortunate situation, such as death. Your designated Life Insurance provider will give a tax-free lump sum payment to the beneficiaries of your choice in exchange for regular premium payments upon your death. Life insurance is an affordable way to make sure that your loved ones are protected. Your insurance will take care of your family’s financial needs when you will not be able to do so.
Why Do You Need Life Insurance?
If someone depends on you financially, you need life insurance. Life insurance is important as it protects your family financially when you are not able to do so. When you die your income stops but your family’s monthly bills and expenses will not stop. A life insurance payment will not only cover these monthly expenses but will also help to pay out your mortgage balance, funeral expenses and other debts and loans you will leave behind. Life insurance is a must if:
When Do You Need Life Insurance?
You need life insurance if in case of your untimely death your family can’t:
Life Insurance can also help:
When You Should Buy Life Insurance?
The right time to buy life insurance depends on your family and financial circumstances which varies from person to person. When it comes to buying life insurance the best time is when you need it the least i.e. when you are young and healthy. Sooner you buy, the better, as it will become expensive with each passing year. You pay lower premiums when you buy young because you are healthy; as you get older, life insurance becomes more expensive due to old age and any health issues developed. You should keep reviewing your life insurance needs at each stage of life as life changes quickly and so should your life insurance.
Life Stages That Trigger the Need for Life Insurance:
What Factors Will Affect Your Life Insurance Premiums?
Insurance company will take into consideration the following factors to determine your eligibility and premiums:
Types of Life Insurance:
There are basically two types of life insurance – Term life insurance and Permanent life insurance. Each has its own unique features designed to meet different needs. Term life insurance provides temporary protection for your temporary short term needs whereas permanent life insurance is meant to provide permanent protection for your permanent long term needs. Life insurance not only protects your family’s financial future but it can also be an integral part of your financial plan to maximize your wealth and to protect your estate. Many people start out with term life insurance for their temporary needs and may move to permanent life insurance as their needs change.
Types of Life Insurance
Selection of a life insurance plan will depend on your specific needs and requirements. You are unique, and your coverage should be unique as well. At Family Care Insurance, we provide personalized solutions tailored to your individual needs because we know that no family is the same so why should their coverage be? Give us a call and let’s design a customized insurance plan to secure your family’s future.
How Much Life Insurance Do You Need?
Not sure how much coverage you need? Let’s calculate the amount of coverage you need by clicking the Life Insurance Calculator button below.
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