Why do we all need life insurance?
Suppose you were to pass away unexpectedly or had a medical emergency, like a heart attack, stroke, or diagnosed with cancer. Would you or your loved ones have trouble paying the mortgage or for other necessary living expenses? What would happen if you could no longer work because of an injury or sickness?
Planning for life's unpredictability is a challenge. But, the good news is that there's life insurance for protecting yourself and those you love, should the unexpected happen, and it could cost you less than a daily cup of coffee….
But where to start? Here at Simple Health & Life Insurance Agency, Inc., we will help you understand how life insurance works, identify your needs. Since we are an independent agent, we will shop to find you the best rate and coverage available.
There’s 3 types of Life Insurance that you can qualify for:
Term Insurance: can be used to help meet you and your family’s needs, whether it’s paying the mortgage, college tuition, final expenses, or to assist with basic everyday needs. It can give you early access to your policy’s death benefit should you experience a qualifying terminal illness. Term life insurance can help your loved ones continue maintaining their current lifestyle, should you pass too soon.
Life Insurance with Living Benefits: is life insurance you don’t have to die to use. If you face a critical illness such as a heart attack, stroke, or cancer...and continue living, it could cause severe financial hardship for you and your family. This new type of life insurance can give you early access to your policy’s death benefit should you experience a critical, chronic, or terminal illness.
Whole life: permanent option, and as long as you pay your premiums, your coverage is guaranteed for LIFE. Your rates do not increase, and your coverage will stay the same. Depending on the benefit you're looking for, a physical exam is not required, and you can get protection the very first day. After the policy has been in force for a specified period, it builds cash value every year. This is your money that you can leave to grow, use for retirement income, or as you see fit. If designed properly offers a TAX-FREE supplement to your retirement income. Depending on your age and coverage, you might be eligible to use the death benefit to pay for expenses brought on because of a chronic illness.
