Life Insurance

Term Life Insurance: These policies are typically less expensive than whole life insurance policies because they offer temporary coverage for a select period of time. A term life insurance policy is perfect for someone who has short term financial goals to tend to, such as seeing their children graduate from a university. These policies do not accrue cash value or act as an investment tool.

Whole Life Insurance: These policies are a little more expensive than term life insurance policies because they offer lifelong coverage. A whole life insurance policy accrues cash value over the years, providing you with both a death benefit and cash savings advantages.

• Did you know that even though approximately 93 percent of Americans know they should have life insurance coverage, only about 50 percent actually have adequate coverage?
• Many people searching for ways to avoid probate utilize life insurance to distribute an inheritance to their heirs because death benefits are probate-free.
• Some life insurance policies allow you to take out a loan from your policy to finance essential expenses, such as home improvements or medical bills.

Q1) What type of policy should I buy?

The type of policy you buy will be dependent on your unique needs. We recommend using the “Term Life Insurance Vs. Whole Life Insurance” portion as a guideline, but a conversation discussing your specific insurable needs with an experienced and knowledgeable life insurance agent is a must.

Q2) Can my health affect my ability to obtain life insurance? Will it be more expensive?

Certain hobbies, habits, and medical conditions can make a life insurance policy more expensive since your likelihood of being involved in a fatal accident or incident is heightened. For example, if you are a scuba instructor, your life insurance policy will likely be more expensive due to the increased danger.

Q3) How can I make life insurance more affordable?

There are a variety of ways to make this essential coverage more affordable, including purchasing a policy early on in life, using term insurance and considering employer-sponsored group life insurance coverage.

Rather than going even another day without the coverage and peace of mind you deserve, allow the insurance experts at Crowe & Associates to help you protect your livelihood to the fullest. Simply fill out the “Custom Quote” form to the right to get started.