Monday, August 24, 2015

Should I Get Life Insurance and Why?

Life Insurance Park Forest                                                                              Life Insurance Richton Park
Life Insurance Matteson                                                                                 Life Insurance Chicago Heights
Life Insurance Frankfort                                                                                 Life Insurance Beecher
Life Insurance Monee                                                                                     Life Insurance Crete
Life Insurance Homewood                                                                             Life Insurance Glenwood

Do I need life insurance? Understand the reasons for protective coverage.  It is easy to see why you need homeowners insurance or auto insurance. But when it comes to life insurance most people do not see the need for it.  Here is what you need to know.  Keep in mind it only takes a few minutes to apply.

Simple Term Life Insurance will cover you for a span of 10, 15 or 30 years, depending on what you choose.  When the policy term ends you are no longer insured.  If you wish to renew you can, however, prices are only fixed for the term of the contract. A term insurance policy is usually between $75,000 to $150,000 worth of coverage.  No one likes to think about not being here; being prepared for it can help cover final expenses and help loved ones through a tough time. It also prevents a huge burden from being put on them at the worst time of their life.

In addition to a Term Life Insurance Policy additional supplements can be purchased.  These supplements are only a few dollars more and well worth the added protection.

·         Waiver of Premiums – premiums are waived during a qualifying disability. This protects you from losing your insurance coverage in the event you become disabled.
·        Accidental Death Benefit – if death results from a qualified accident, this benefit provides additional coverage.  The additional coverage cannot exceed the base principled sum or total more than $150,000 on all policies.
·        Accelerated Benefit Rider for Terminal Illness – is available at no extra cost. If you are diagnosed with a specified terminal illness while your policy is in force, the rider gives you an option to request payment of a portion of the policy’s death benefit.  The amount available will vary and will be calculated by your agent at the time of the request.

While we hope for the best, we are wise to prepare just in case.  It is a simple process with few questions and no medical tests or lab tests required.  Call us and see how easy it is to get your Term Life Insurance today.  It is affordable and the peace of mind is priceless.



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