LIFE INSURANCE

Why Invest in a Life Insurance Policy?

There are a variety of excellent reasons to purchase a life insurance policy: A young father may purchase a $1,000,000 term life policy to protect a growing family in the event of his premature death. A $20,000 whole life policy is frequently purchased to cover final burial expenses. Young couples often choose to invest in an Index Universal Life policy to ensure that money will be available to pay for future expenses such as college educations, weddings, retirement funds, vacations, and to provide an inheritance for their children. Whatever the reason, life insurance is an essential tool used to protect individuals and their loved ones. AssureCare is committed to providing the highest level of qualify and excellence for our clients, and therefore contract with only the most reputable insurance companies available on the market.

Term vs. Whole Life Insurance- Which is Best?

When making an important life decision, considering the long and short-term pros and cons associated with each option is a good idea. The same is true when choosing which type of life insurance to purchase. Reasons for buying a term life instead of a whole life policy are very different, and a lack of understanding about these differences can potentially result in financial hardship or loss of insurance coverage when your loved ones need it the most. AssureCare’s team of financial advisors is available to help you make the best life insurance choice possible. Contact an AssureCare agent today for a free consultation.

Life Insurance Facts That May Surprise You…

1
In 2021, the average cost for a funeral is about $11,000. By the year 2030, the cost is expected to rise to $17,000 and to $25,000 by the year 2040.
2
Only 57% of American adults have some form of life insurance coverage. Among those with life insurance, one in five say that they do not have enough. 65% of Americans without life insurance report that the reason they do not have coverage is that they believe policies are too expensive.
3
Did you know, depending on which company you buy from, the cost of a $25,000 whole life insurance policy can vary by as much as 100%? For example, a 50-year-old healthy nonsmoking male can purchase a $25,000 permanent whole life policy for $54 per month, or for as high as $100 per month. If all insurance companies being considered are of equal qualify, why pay more money for the same amount of coverage than you need to?
4
Life insurance can be more than just for insurance. Many polices offer the option to add-on a “living benefits” rider- which allows an individual the ability to use their life insurance benefits early in the case of serious injury, terminal illness or other debilitating medical condition. In some cases, these riders can also be used to improve the qualify of life- such as taking a trip with your spouse.

Achieve Financial Security with an Index Universal Life (IUL) Policy

A typical American family will face a host of unavoidable future expenses – including paying for weddings, college educations, medical expenses, automobiles, vacations and funding a retirement. According to recent statistics, 60% of Americans state that they fear “running out of money during their golden years” more than they fear death. The logical question is: “How can I avoid running out of money”? One excellent way to accomplish this goal is to invest in an IUL policy at a relatively young age. When structured properly, an IUL can provide funds enough to cover expected, as well as unexpected, future expenses. Let us help you create a plan to that will help secure your family’s financial future.

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