Who Needs Life Insurance?

Consumers should consider the following factors when purchasing life insurance: Medical expenses previous to death, burial costs and estate taxes; Support while remaining family members try to secure employment; and Continued monthly bills and expenses, day-care costs, college tuition and retirement.

How much coverage do I need?

This depends on how much security you need and what premiums you can afford. Speak to an expert to get an idea of what works best for you

Who is eligible to be the beneficiary of my policy?

As the policy holder, you can name any beneficiary you want.

What is the Right Kind of Life Insurance?

There really is no right kind of life insurance. Some life insurance policies cover you for lifetime and other cover you for a specific number of years. Some build up cash values and others do not. Some policies combine different kinds of insurance, and others let you change from one kind of insurance to another. Some policies may offer other benefits while you are still living. There are two basic types of life insurance: term insurance and permanent insurance.

Are physical exams required to purchase life insurance?

It is not mandated, but most reputable insurance companies will require an exam. If there is no exam, premiums will likely be very expensive.