If you think you don’t need life insurance, or you think it’s not affordable, here are 4 things you need to know.
1. Single, young and healthy people need life insurance, too! Purchasing life insurance when you are young and healthy increases your chances that rates can be locked in at a lower cost than if you are older or have any health-related issues. Plus, having life insurance in place means that loved ones won’t have to worry about covering costs like final expenses.
2. There are two types of life insurance – (temporary term) and (permanent universal life). Usually a combination of these products from ivari provides the most
3. Term insurance is usually purchased for 10, 20 or 30 years terms. Matching the term purchased to the length of your mortgage can often eliminate the need for separate mortgage insurance.
4. Life insurance can be designed to actually cost you less over time by using a combination of term insurance and permanent insurance. Term insurance provides an extra layer of protection for the time you need it most, like when you have a mortgage or a young family. When that need for extra protection is gone, so is the term insurance and you still have your permanent coverage in place for your lifetime.
How much insurance do you really need?
Your insurance needs will change throughout your life. How much do you need now? How about tomorrow?
Find out how much insurance you need, and when you’ll need it, with My Insurance View from ivari.
Disclaimer
This article is intended for general information purposes only and should not be considered specific or personal investment, insurance, estate planning, legal or tax advice or a solicitation to purchase insurance. Nor should any medical information provided in this article be considered medical or health advice and should not be considered a substitute for advice from a qualified medical professional. While reasonable efforts have been made to ensure that the contents of this article have been derived from sources believed to be reliable and accurate at the time of publication, ivari does not warrant the accuracy or completeness of the information contained herein.
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