The amount of life insurance you require depends on your individual circumstances, such as your income, debts, and the financial needs of your family. A general guideline is to aim for coverage that’s 7-10 times your annual income.

Yes, many policies offer flexibility. You can typically make adjustments to your policy as your life circumstances evolve, ensuring it remains aligned with your needs.

A beneficiary is the person who will receive the proceeds from your life insurance policy upon your passing. Carefully select someone you trust, such as a spouse or child(ren), and you may change your beneficiaries as many times as you like, as your circumstances change.

Premiums are the regular payments you make to keep your life insurance policy active. They can usually be paid monthly, annually, or at other intervals, depending on the terms of your policy.

Yes, there are options available, such as guaranteed issue and simplified issue policies, which may not require a medical exam. However, be aware that these policies often have higher premiums.

Typically, life insurance payouts are not subject to income tax. However, it’s advisable to consult a tax professional for guidance in specific situations.

There is a grace period during which you can make a late payment, however, if you miss this grace period, your policy may lapse, or you might need to go through a more involved process to reinstate it.

No! You are not required to take a medical exam, but please note, many policies issued without a medical exam, have higher monthly premiums. However, policies such as Accidental Death and Final Expense don’t require any medical exam to begin with!

Accidental Death Insurance:  Accidental death insurance provides coverage specifically in the event of an accidental death. Accidents do happen, so it is best to be prepared. This option does not require a medical exam and is very easy to get.

Term Insurance:  Term insurance offers coverage for a specified period, often 10, 20, or 30 years. It’s ideal for those looking for affordable protection to cover expenses like living expenses for your spouse/family, a mortgage, or children’s education, during a specific period of financial vulnerability.

Whole Life Insurance:  Whole life insurance provides lifelong coverage with a cash value component, making it suitable for individuals seeking both protection and long-term savings. It’s an option for those who want to build cash value over time and have permanent coverage. Also great for children/grandchildren, as this will provide a financial foundation for their education and other needs. It’s a thoughtful investment in their future security.

Health Insurance. Securing health insurance for yourself and your family is highly important. It ensures you can get quality medical care without worrying too much about the cost.  In simpler terms, it’s like having a safety net for your medical well-being. Available for all income brackets.

Final Expense Insurance:  Final expense insurance, also known as burial or funeral insurance, is tailored to cover end-of-life expenses such as funeral costs, outstanding medical bills, and other final debts. It ensures that your loved ones aren’t burdened with these expenses. This option does not require a medical exam.