September is Life Insurance Awareness Month and was created by Life Happens and sponsored by LIMRA (Life Insurance Marketing and Research Association) and LOMA (Life Office Management Association) to help consumers learn how life insurance can protect family income and assets. You can use the Life Happens Needs Calculator to find out how much coverage you need.
Types of Coverage
- Term Life Insurance: Gives high coverage for a low starting cost. It fits well for tight budgets.
- Permanent Life Insurance: Lasts for your whole life. It does not need to be rewritten as you age.
- Combined Policies: Uses both term and permanent types to meet your goals.
Policy Options and Benefits
- No Medical Exam: Guaranteed issue and graded policies let you skip medical underwriting.
- Tax-Free Funds: Death benefits are usually tax-free.
- Payout Choices: Money can pay out as one big sum or in smaller payments over time.
If you want more information, contact our office as policies should be designed to fit your family size, budget and need.