Our freelance insurance agents are here to assist you to discover the most effective life insurance that may watch out for those you leave behind.
What Is Life Insurance?
At its core, it’s a contract between you and an insurance company where you give them money, and if you were to die (knock on wood), they would give the set amount of money to whomever you choose.
Reference: from our friends at LIMRA; Life Happens (2017)
The Benefit of Life Insurance
The foremost vital profit is that you just won’t exploit your idolized ones with a large pile of debt and expenses. Think about it. Not only would they have to grieve your death, but they’d also have to figure out how they’re going to pay for everything (past, present, and future).
What Are My Life Insurance Options?
There are three types of life insurance, with many differences between them, but boiled down the term, whole and universal plans do the same thing — they payout a set amount of money to someone when you die.
Term Life Insurance: This feature is engaged toward younger folks as a result of it’s additional of a brief set up that solely covers you for an amount of your time, usually 10, 20 or 30 years. If you were to stop living within that timeframe, a set amount of money would go to the people/person you choose.
Whole Life Insurance: It has the same concept as a term, but this policy is forever (or until you die). It also has a bell and a whistle.
- The bell: It has a savings account that accrues money. Eventually (if you continue to not die), it will hit the policy’s coverage amount. At that point, the insurer will say something like:
“Hey, so you have the same amount of cash in your savings as what we would payout, so, you don’t need us anymore. Here’s your money. Good luck not dying and stuff.”
- The whistle: Whatever cash you accrue, you can borrow, but to no surprise, you’ll eventually have to pay it back to continue coverage.
Don’t freak out if you’re not entirely clear on the variations between term and whole.
Universal Life Insurance: It’s heaps just like the whole set up however with a shinier bell and 2 whistles.
- Shinier bell: Instead of a standard savings account, this also accrues interest.
- Whistle 1: You can kick in more money than your payment to take advantage of the interest.
- Whistle 2: Not only can you borrow from this account, but you can also skip payments without a penalty (as long as the account has money in it).
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How Much Does Life Insurance Cost?
It depends on the coverage and variety of alternative factors like age, occupation and even hobbies. So, a 5K-running fitness blogger might only pay $15 a month, whereas a chain-smoking couch potato could pay well over $1,000 a month. The younger and healthier you are the cheaper it is.
What’s So Great About an Independent Life Insurance Agent?
It’s simple. Literally. Independent insurance agents modify the method by searching and scrutiny insurance quotes for you. Not only that, they’ll cut the jargon and clarify the fine print so you know exactly what your getting.
Perceived Level of Life Insurance Coverage
Plus, independent agents work for YOU and not one insurance provider. They’re the only agents who can check policies from multiple carriers to find the best policy for your unique needs.
Life Insurance Distribution Channels
Most significantly, they’ll be there to help your family when claim time comes. The outcome of insurance claims will be powerfully wedged by however the method is approached and handled.
The 411 On Life Insurance Quotes Online
We know what you’re looking for — fast and easy insurance quotes in 30 seconds or less. We get it, you wish the products ASAP, but choosing speed over accuracy can cause endless rain on your life’s parade.
Robots and algorithms could also be fast, but online companies might leave out cost-cutting options or leave in factors that assume higher risk, resulting in a pricier policy.
Not solely that, our competitors may sell your info to multiple companies, which can result in calls, on calls, on calls. We flipped the script on this process and give YOU the info and options to connect with an independent insurance agent.
Thirsty for More Life Insurance Info?
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