Life Insurance

Life insurance is essential, yet not the easiest topic to discuss, nor the simplest product to understand.  Buying life insurance is a very personal decision.  It is important to have life insurance to protect your family in the event that you pass away.  There are many different types of life insurance to choose from, so how does one decide what is best?

Some common questions when choosing life insurance include:

• What type of life insurance do I need?
• How much life insurance should I need?get_free_insurance_quote
• How much will life insurance premiums cost?


When trying to answer these questions, here are a few points to consider:

• Having enough money to pay for final expenses (i.e. funeral costs)
• Having enough money to cover outstanding debts
• Having enough money to cover children’s education
• Having enough money to compensate for lost income

There are many factors that go into calculating the premiums on life insurance policies.  Some of which include:

• Medical history
• Age
• Motor Vehicle History
• Risk Assessment
• Life History


For obvious reasons, a young person with a low risk assessment (i.e. non-smoker) and a clean bill of health will pay much less in insurance premiums that than of a mature adult, who has a history of heart disease and abuses alcohol.