Life insurance is not only the cornerstone of a solid financial plan, but it’s hands down one of the most cost effective ways to protect the people who depend on you financially.
What would happen to your family if you were to die prematurely? Would they be able to maintain their current lifestyle?
Would your kids be able to go to college? Would your spouse be able to shoulder the load with one income?
If you have a child, are married, or you are carrying any kind of debt, purchasing life insurance is a no-brainer.
We make buying life insurance easy
At Halis Insurance Group, we make the process of buying life insurance extremely simple.
We have access to a wide range of life insurance companies so we can survey the marketplace and based on your individual rating criteria, find the best possible life insurance policy at the best price.
When purchasing life insurance there are a few things to consider:
What Type of Policy?
Two primary kinds of life insurance policies are available—term life insurance and permanent life insurance. As the name suggests, term life insurance is only available for a set period of time. Permanent life insurance is for life and will pay out at the time of death or, in some cases, when necessary due to accident or illness, as long as the premiums are current.
Term life insurance tends to be less expensive than the various types of permanent life insurance. It’s great for young families on a tight budget, and some term life policies can be converted into permanent policies later.
Permanent life insurance includes both whole life and universal life policies. These insurance options can operate as investments against which you can borrow if necessary, and they also provide death benefits. Your insurance agent will be happy to discuss the details and options of permanent life insurance with you in more detail.
How much life insurance do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess, or just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.
One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.
The amount of coverage you need depends on a number of different variables. Here are a few examples:
- How many children you have
- Your future earnings potential
- Whether or not your married
- Spouse’s future earnings potential
- You and your spouses age
- Amount of debt you have
Call us at (480) 600-6000 or head over to our quotes page to get the process started.