Life Insurance for Individuals

by Jeff Rose on July 25, 2017 · 0 comments

individual life insurance ratesThere are times a person sit back and think,”Hey I better get my life in order.”

One of those times is when you get that phone call that an elderly family member has just passed and the family had no insurance.

Then you hear about the family struggling to get the funds together to pay for the family members final expenses.

Life insurance pops in your head and you decide to research and find individual life insurance rates that will fit your budget. One of the most common reasons that people don’t purchase life insurance protection is because they assume that it’s going to be too expensive. Most people see it as a waste of money, but that could be one of the worst mistakes that they ever make.

If something tragic were to happen to you, and you didn’t have life insurance coverage, your family would be responsible for a massive amount of debt and other final expenses. Losing a loved one is never going to be easy, but being responsible for thousands and thousands of dollars of debt is going to make the situation a whole lot worse. A life insurance plan will ensure that your family has the money that they need, regardless of what happens to you.

This article is going to look at life insurance for individuals and ways that you can ensure that you’re getting the lowest premiums available. This article should answer any questions that you have about life insurance, but if it doesn’t, please contact me and I would be happy to answer those questions for you.

Comparing Individual Term Rates

The internet has several ways for you to shop and compare in order to find individual life insurance quotes that will not break the bank. Some low cost life insurance companies offer a variety of policies for individual life insurance rates that are affordable; while others offer whole life inexpensive life insurance.

While shopping for individual life insurance rates you will find that a lot of companies will offer low cost life insurance but do not explain the benefits in depth so you will know what product would best suit your family’s needs. For example, Term life insurance is a product that will best suit a family’s needs if he or she still owes on their mortgage or on college tuition. Term life insurance can be one to 30 years. However, most people choose the 20 year term life product.

Whole Vs. Term Life

When you’re looking to get the best life insurance coverage, one of the biggest decisions that you’ll have to make is which type of insurance plan that you’re going to buy. The two main types of insurance coverage are a term insurance plan and a whole life insurance policy.

With a term insurance policy, you purchase the coverage for a certain amount of time. After that point, your life insurance is no longer active and you don’t have protection. At that point, if you want life insurance, you’ll have to buy a new plan. Because these policies are going to expire in the future, they are going to be much cheaper than other options that you can buy.

The other main type of life insurance is a whole life insurance plan. These plans are a permanent form of coverage, which means that they are never going to expire. As long as you continue to pay the monthly premiums you’ll continue to have life insurance coverage. These policies are a great option for anyone that doesn’t want to worry about having to reapply for life insurance in the future. Because they never expire, whole life policies are going to be more expensive than term insurance policy.

Each type of policy is going to have different advantages and disadvantages that you’ll need to consider. Each family is different, and there is no “one plan fits all” that will work well for everyone. If you have any questions about either type of plan, I would be happy to answer those questions. It’s vital that you get the perfect type of plan for you. Inside of each category there are several subtypes of insurance policies that have unique benefits.

Where to Get Individual Insurance Quotes

Individual life insurance quotes are available for everyone either online or via the telephone. However, some life insurance companies require a physical and some do not. If the insurance company requires a physical they will set up an appointment for one of their own nurses to come to your home for your convenience. The individual life insurance rates depend on your age and health at the time of the individual life insurance quotes given.

In order for a life insurance company to write your policy the insurance agent must ask you a few questions. The questions can help with your individual life insurance quotes. Low cost life insurance is available for anyone and the agent is there to assist you with any and all questions.

Let’s face it: life insurance is a very important part of our everyday lives.

You do not want to pass away and leave your spouse and children in debt because you never purchased a policy to pay for final expenses. An average funeral will cost at least $7500+ depending on what needs done. This includes embalming, casket, services (church and graveside), opening and closing of the grave and family car. These prices will vary depending on the year and on the funeral home. Each year the price of funerals will increase.

Life insurance is a peace of mind for your spouse and your children to ensure they are taken care of and your final expenses are paid for at the time of your demise.

There are way too many cases today of family members going into debt having to put a second mortgage on their home in order to have a proper burial for a loved one. Life insurance is just a click or phone call away. Let your family know that they are loved and taken care of in case something should happen to you.

Working with an Independent Insurance Agent

As I mentioned, it’s vital that you compare dozens of insurance quotes before you decide which one is going to work best for you. Every insurance company is different, and all of them are going to have different medical underwriting standards, and that means that you’ll get drastically varying rates depending on which company that you get the quote from. If you want to get the lowest life insurance rates, you’ll need to find a company that is a perfect match for you and your needs.

There are thousands and thousands of different insurance companies on the market, which means that you could spend weeks calling agents to get insurance quotes, or you can let one of our independent insurance brokers do all of the hard work for you. Unlike traditional insurance agents, we work with dozens of companies, instead of just one. That means that we can bring all of the lowest premium rates directly to you, without the hassle of answering the same questions repeatedly.

Our agents have years of experience working with highly rated companies across the nation and working with all types of applicants with various pre-existing conditions. We know that it can be overwhelming trying to find the best insurance policy, but that’s why we are here to help. It’s our mission to ensure that you’re getting the best insurance coverage at the lowest rates.

Individual Life Insurance – What You Need to Know

Life insurance is the best safety net that you can ever purchase for your loved ones. It’s one of the only ways that you can guarantee that your family members will have the money that they need, regardless of what happens to you. Nobody wants to think about his or her death, but not planning for the inevitable is one of the worst mistakes that you can ever make for your family. You never know what’s going to happen tomorrow, which means that you shouldn’t wait any longer to get the insurance protection that your family deserves.

If you have any additional questions about life insurance for individuals or the options available to you, please contact one of our agents today. We would be happy to answer those questions and ensure that you’re getting the best coverage for you and your family. Contact me and we can get the life insurance process started today.

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