Life Insurance That Protects Your Family

A common rule of thumb is ten times your annual income, but everyone's situation is different. Consider what debts need to be paid off, how long your family would need income replacement, future expenses like college, and whether your spouse works. We'll walk through your specific situation to calculate a number that makes sense for you, not just some generic formula.

Term life is cheaper and simpler-great if you need a lot of coverage for a specific period, like until your kids are grown or your mortgage is paid off. Permanent life (whole or universal) costs more but lasts your entire life and builds cash value. Most people start with term life for the high coverage amount at an affordable price. We can help you weigh the pros and cons for your situation.

Health issues can make life insurance more expensive or limit your options, but you can usually still get coverage. Some insurers are more lenient with certain conditions than others. There are also guaranteed issue policies that don't require medical exams, though they typically cost more and have lower coverage amounts. Don't assume you can't get coverage-let us shop around for you.

Maybe not as much as someone with dependents, but there are still reasons to consider it. Do you have debts your parents or siblings would have to deal with? Do you want to leave money for anyone? Getting coverage while you're young and healthy locks in lower rates. If you wait until you get married or have kids, premiums will be higher and you might have developed health issues that increase costs.

Yes, you can cancel anytime. With term life, you typically won't get anything back since there's no cash value. With whole or universal life, you might receive the cash value if you cancel. You can also often convert term policies to permanent ones, increase coverage with another policy, or decrease coverage if needed. Just be careful about canceling existing coverage before new coverage is in force.