life insurance

Why Life Insurance Matters

Life insurance isn't about you—it's about protecting the people who depend on you financially. It's one of the most important financial decisions you'll make.

💰 Income Replacement

If you pass away, your family still needs to pay the mortgage, put food on the table, and maintain their lifestyle. Life insurance replaces your income.

🏠 Debt Protection

Your mortgage, car loans, student loans, and credit card debt don't disappear when you die. Life insurance ensures your family isn't burdened with your debts.

🎓 Education Funding

Ensure your children can still attend college even if you're not there to provide for them. Life insurance can fund their education.

Types of Life Insurance

Term Life Insurance

BEST FOR: Most People

Coverage for a specific period (10, 20, 30 years)
Most affordable option
Simple and straightforward
Pays only if you die during the term
Perfect for mortgage protection and raising kids
No cash value, pure protection

Whole Life Insurance

BEST FOR: Permanent Needs

Coverage for your entire life
Builds cash value over time
Fixed premiums that never increase
Can borrow against cash value
More expensive than term
Good for estate planning

Universal Life Insurance

BEST FOR: Flexible Coverage

Permanent coverage with flexibility
Adjustable premiums and death benefit
Cash value growth tied to interest rates
Can increase or decrease coverage
Good for changing financial situations
More complex than term or whole life

How Much Life Insurance Do You Need?

A common rule of thumb is 10-12 times your annual income, but everyone's situation is different.

Quick Needs Calculation

Income Replacement: Annual income × years until retirement

+ Mortgage Balance: What you owe on your home

+ Other Debts: Car loans, student loans, credit cards

+ Education Costs: College expenses for children

+ Final Expenses: Funeral costs ($7,000-$12,000)

- Existing Assets: Savings, investments, existing policies

= Your Estimated Need

We'll help you calculate exactly how much coverage you need based on your unique situation.

Common Life Insurance Questions

How much does life insurance cost?

A healthy 30-year-old can get $500,000 of 20-year term life insurance for around $25-35/month. Costs increase with age and health conditions, but life insurance is more affordable than most people think.

Do I need a medical exam?

It depends. Many term life policies require a medical exam for larger coverage amounts. However, "no-exam" policies are available (typically smaller amounts, higher premiums). We'll help you find the right option.

What if I have health issues?

You can still get life insurance with health conditions, though premiums may be higher. We work with multiple carriers who specialize in different health situations to find you the best rate.

Can I get life insurance through my employer?

Many employers offer group life insurance (often 1x your salary). While this is a good benefit, it's usually not enough. Plus, if you leave your job, you lose the coverage. Personal policies stay with you.

When should I buy life insurance?

The younger and healthier you are, the cheaper your premiums. The best time to buy is now. Life insurance is one of the few things that gets more expensive the longer you wait.

What happens if I stop paying premiums?

For term life, the policy lapses and coverage ends. For permanent policies with cash value, you may have options like using cash value to pay premiums or reducing coverage to keep the policy in force.

Are life insurance payouts taxable?

Generally, no. Death benefit proceeds paid to beneficiaries are typically income tax-free. However, interest earned on proceeds and certain estate situations can have tax implications. Consult a tax advisor for your specific situation.