Life Insurance FAQs

Below find answers to common questions about life insurance.

If you would like to consult with one of our licensed agents to review your subsidy eligibility or discuss your insurance options, please contact us.

Why Should I Have Life Insurance?

Life insurance provides for the financial future of your spouse and/or children in the event of your death.

In addition, there are benefits while you are living, including:

Peace of mind
Cash value that grows tax free (if you have permanent life insurance)
Freedom to invest and spend your money on other things, knowing your family will always have life insurance to fall back on

What Types of Life Insurance are Available?

The two main types of life insurance are term and permanent:

Permanent life insurance is designed to last for your whole life. This includes whole life insurance and universal life insurance.
Term life insurance spans anywhere from one to 30 years. There is also a new type of policy called return of premium that refunds your premiums if you keep the policy for the term period.

How Much Coverage Should I Have?

You should have enough coverage to replace the income that you would have earned. You calculate that amount using this calculator or simply multiply your gross annual income by your life expectancy.

How Do I Choose the Right Company?

It’s very important for you to examine the company that’s backing your policy when considering the cost of the policy. One of the important items to consider is the financial strength rating of the company.

How Do I Know If I’m Getting the Best Rates?

A great place to start would be to get a quote from our free online tool. There you can compare policy pricing and coverage.

Should I Get Insurance to Pay Off My Mortgage If I Die?

Getting life insurance to pay off major obligations in case of death is one of the most responsible and generous acts of love you can provide.

While you can easily quote inexpensive term life or return of premium life insurance for only the amount of your mortgage, we strongly consider getting coverage for more to ensure that your loved ones are taken care of beyond the cost of your financial obligations.

Does Smoking Cigarettes or Using Tobacco Affect My Insurance Rates?

Yes, but some companies charge less for tobacco use than others and if you smoke cigars or chew tobacco occasionally, a few companies will still offer preferred rates.

It’s also possible to lower rates in the future if you quit tobacco for a number of years and remain healthy.

Does My Weight Affect My Life Insurance Rate?

Yes, your weight is taken into consideration when determining your life insurance rate.