While there are many reasons, the most important one is protecting your family’s financial security and providing peace of mind. If your income supports others, they could face serious struggles if you were no longer there. That’s why having life insurance is essential. Though there are different types of policies, they all provide a cash benefit to your loved ones when you pass away. This money can help cover everyday expenses, mortgage or rent payments, outstanding debts, college tuition, and other essential costs—ensuring your family can maintain stability during a difficult time.

There are two main types of life insurance:

1. Term Life Insurance Provides coverage for a specific period—like 10, 20, or 30 years. It’s typically more affordable and pays a death benefit if you pass away during the term. It’s a great option for temporary needs, such as covering a mortgage or raising children.

2. Permanent Life Insurance Provides lifelong coverage as long as premiums are paid. It includes options like Whole Life and Indexed Universal Life (IUL), which also build cash value over time. This type can be more expensive but offers long-term financial benefits and flexibility.

Almost anyone can be named as a life insurance beneficiary. Common choices include:

• Family members like a spouse, children, or parents
• Business partners or key employees
• Trusts or estates set up to manage the funds
• Charities or organizations you wish to support

You can also name multiple beneficiaries and decide how the payout is divided among them. It’s important to keep your beneficiary designations up to date to ensure your benefits go exactly where you want.

Getting life insurance is straightforward and typically involves these steps:

1. Assess your needs: Determine how much coverage you need based on your financial goals, family situation, and debts.
2. Choose a policy: Decide between term or permanent life insurance and the coverage amount that fits your needs and budget.
3. Complete an application: You’ll provide personal information, health history, and lifestyle details.
4. Underwriting: The insurance company reviews your application which includes a request for medical records to assess your risk.
5. Receive an offer: Once approved, you’ll get a policy offer detailing your coverage and premiums.
6. Coverage starts upon the first premium draft.

It's that simple! I'll help guide you through every step to make the process smooth and clear.

Absolutely. Life insurance can be surprisingly affordable, even if you’re on a tight budget. Term life insurance, in particular, offers strong coverage at low monthly rates, making it a practical choice for many families. Many policies also offer flexible payment options and coverage amounts, so you can find a plan that fits your financial situation without sacrificing protection for your loved ones. Investing in life insurance is an important step toward peace of mind—helping ensure your family is protected no matter what, without breaking the bank.

Yes, it’s often still possible to get life insurance even if you have health challenges.

While your health can affect the types of policies available and your premium rates, many insurers offer options tailored for those with pre-existing conditions.

Some policies, like guaranteed issue or simplified issue life insurance, require little or no medical exam and provide coverage regardless of your health history.

Working with an experienced agent can help you find the best policy to fit your needs and budget, so you can still protect your loved ones.

In most cases, the death benefit from a life insurance policy is not subject to federal income tax for your beneficiaries. This means the money they receive is typically tax-free and can be used without deductions to cover expenses.

However, there are some situations where taxes may apply, such as if the policy has a cash value and you withdraw funds, or if the payout is part of a taxable estate. It’s always a good idea to consult a tax professional to understand how life insurance fits into your overall financial plan.