The question on whether to purchase Life Insurance is a
personal one that you need to answer for yourself. With that being said, there
are certain instances in which it is a no brainer and should be considered more
than just and idea. For Example, if you have children or other dependents who
rely on your income, if you just purchased a home, if you recently got married,
if you own a business with employees that rely on your continued leadership,
then buying life insurance might be the best decision for you to make. 

Life Insurance can provide peace of mind and financial stability
at what would otherwise be an exorbitant cost.

Understanding the difference between
Term Life Insurance and Whole-Life Insurance can help you decide which will
best suit your needs.

Term Life Insurance: Term Life Insurance provides
coverage for a specified period of time, typically 10, 20 or 30 years, after which
you’ll need to renew the policy or purchase a new one. This type of
plan is good for people who need coverage for that length of time to make sure
their financial obligations are met. Things like Mortgages, paying for a child’s education and paying off debt. Term policies make sense for someone who has dependents that they want to protect until age 18 or 25 because once this
age is reached, they would no longer be financially dependent on their parents income.

Whole Life Insurance: If you are like most Americans, the thought of buying life
insurance probably makes you feel a little uneasy. You might think that it is
too expensive or just not worth the investment. However, if you take your time
to learn about what Whole Life or Universal Insurance is and why it can be beneficial for
many people, you might change your mind. Whole life insurance is often
considered a good option because it combines two different types of coverage;
term and permanent protection. It also offers tax advantages and an opportunity
for cash value growth over time so that premiums are more affordable in the
future.

After reading about what whole life insurance is, you might decide to
buy a policy. If so, it is important to take the time to find an agent in your
area that understands your needs and goals. Here at Aware Insurance Services,
we will work with you on both term and permanent coverage as well as help
figure out how much protection you need based on your individual situation. So,
before you dismiss this idea altogether because of any misconceptions that you
might have, make sure you fully understand all of the benefits that can come
from buying Whole Life Insurance – like having peace of mind and knowing that
no matter what happens for yourself or your loved ones in the future, they’ll
always be taken care of financially!

What determines the cost? Life insurance is a financial product that
provides coverage in the event of your death.  There are many factors, including age, health
history, occupation, and lifestyle choices. In this blog post we will help you
figure out how to get cheaper life insurance rates by applying certain
strategies.

Now premiums are based on two main factors, your age, and your health
condition. I know you might be thinking, what does my age and health have to do
with anything? It is a good question. Let me explain, not only are premiums
based on your age, but they also take into account how healthy you are. The
insurance companies are trying to give you a rate that is comparable to the
risk that is involved in insuring you. 

“We are so proud of you, honey. You got the promotion!” Jessi said to
her husband as they walked down the street towards their favorite coffee shop
to celebrate his new position in a local law firm. “You deserved this, you worked really hard. I can continue working part-time as an office assistant at my company and your job is so near home, this should be great.” They were both wearing smiles from ear to ear when they
found out about his accomplishment earlier that day and shared it with their
family and friends after work. He nodded and squeezed her hand gently
acknowledging her words before entering the restaurant.

The room was dark as I sat with my husband, Tim. We had been married for
three years and the idea of a life insurance policy was something we had just
never taken care of. I looked at him and knew he felt the same way. “I
don’t want to die without your hand in mine,” he said quietly. It sounded
so romantic when he said it that way that all I could do is smile back at him
before kissing his cheek softly. He smiled back at me and wrapped his arm
tighter around my waist pulling me closer to him, “We have to get this
taken care of.”

Conclusion: There are many benefits to having life insurance One of  the
most important one is that it offers some peace of mind for your family. You
can protect them from financial hardships and future uncertainties by making
sure you have a policy in place before anything happens to you. We can provide
tips on how to find affordable rates and how much coverage you need at
different stages in your life or career. If all this sounds overwhelming, we
would love to help! Contact us today with any questions about our policies or
read more about what else we offer here. 

Contact Us:

Info@awareinsurance.com or call 818-915-0534