Life insurance can help give you peace of mind when it comes to things like debt, education and any other financial burdens that could happen if you were to pass. As you make this decision, it's crucial to prepare and consider all your options. When you make the decision to purchase life insurance, you're making a commitment to protect you, your family and your loved ones in the future.
Typically a term life insurance policy covers 10-30 years. Your plan needs to include all major life events such as marriage, children, a mortgage and more. You want to think ahead to your next 30 years and what all you will need financial coverage for. This list will be different for everyone since it depends on each person's age and life at the time they decide to purchase.
Riders are add-ons to your life insurance policy that you can purchase for certain benefits. Every family is unique so the value of riders will vary. In general, riders are important for families with major health conditions. For example, a guaranteed insurability rider lets you purchase life insurance at a future date without undergoing a new medical exam. You will want to do your research on what riders are important to you before you purchase your policy.
Your health plays a large part in your life insurance policy. If you are older and not healthy, it may cost more for you to be insured. Knowing this when you are young and healthy can help you take precautions early on to get a lower costing plan later down the road. You can minimize health risks with preventative measures like eating well, not smoking, exercising and regularly going to a doctor. Keep these things in mind and factor them in to how much coverage you think you'll need!
Our knowledgeable licensed agents can get you a free quote and help you get life insurance that meets your family's needs.
Click below to request your free term life insurance quote or call us at 1-877-794-TERM.
Subscribe to our information course and get tips on choosing the best life insurance policy for you:
Term Life Insurance products are offered through TMFS Insurance Agency LLC, a separate company, affiliated with Financial Engines Advisors, L.L.C. (FEA), in states where licensed. TMFS Insurance Agency, LLC is under common ownership with FEA. Each entity is its own separate entity that provides services for its client independent from the other.