Do I Really Need Life Insurance and How Much Does It Cost?

When You Should Absolutely Get Coverage.

· Life Insurance,Term Life Insurance,Whole Life Insurance

When Should I Get Covered? 


The question of whether to purchase Life Insurance is a personal one that you need to answer for yourself. With that being said, there are certain instances in which it is a no-brainer and should be considered more than just an idea. For Example, if you have children or other dependents who rely on your income, if you just purchased a home, if you recently got married or if you own a business with employees that rely on your continued leadership, then buying life insurance might be the best decision for you to make.  

Life Insurance can provide peace of mind and financial stability at what would otherwise be an exorbitant cost.  

Understanding the difference between Term Life Insurance and Whole-Life Insurance can help you decide which will best suit your needs.  


Term Life Insurance:  

Term Life Insurance provides coverage for a specified period of time, typically 20 or 30 years, after which you’ll need to renew the policy if desired or purchase a new one. This type of plan is good for people who need coverage for that length of time to make sure their financial obligations are met and their family and loved ones are cared for during what could be a very difficult time. Term policies make sense if someone has dependents that they want to protect until age 18 or 25 because once this age is reached, they would no longer be financially dependent on their parent's income.  

 Other things like mortgages and car loans that are coming due in a given time period. This can also cover other debts that  like taxes and loans that might be issued to both parties. This is one of the main reasons that Term Insurance one of the most popular forms of insurance because it covers those that we care for in this situation. 


Whole Life Insurance:  

If you are like most Americans, the thought of buying life insurance probably makes you feel a little uneasy. You might think that it is too expensive or just not worth the investment. However, if you take your time to learn about what Whole Life Insurance is and why it can be beneficial for many people, you might change your mind. Whole life insurance is often considered a good option because it combines two different types of coverage; term and permanent protection. It also offers tax advantages and an opportunity for cash value growth over time so that premiums are more affordable in the future. 

After reading about what whole life insurance is, you might decide to buy a policy. If so, it is important to take the time to find an agent in your area that understands your needs and goals. Here at Aware Insurance Services, we will work with you on both term and permanent coverage as well to help determine out how much protection you need based on your individual situation. So, before you dismiss this idea altogether because of any misconceptions that you might have, make sure you fully understand all of the benefits that can come from buying Life Insurance - like having peace of mind and knowing that no matter what happens for yourself or your loved ones in the future, they'll always be taken care of financially! 


Premiums, what determines the cost?  

Life insurance is a financial product that provides coverage in the event of your death.  The things that factor into the cost are age, health history, occupation, and lifestyle choices. In this blog post, we have tried to help you figure out how to save money on rates by applying certain strategies. 

I know you might be thinking, what do my age and health have to do with anything? That’s a good question. Let me explain, not only are premiums based on your age, but they also take into account how healthy you are. The insurance companies are trying to give you a rate that is comparable to the risk that is involved in insuring you.  

“We are so proud of you, honey. You got the promotion!” Jessi said to her husband as they walked down the street towards their favorite coffee shop to celebrate his new position in a local law firm. “I knew we could count on you.” They were both wearing smiles from ear to ear when they found out about his accomplishment earlier that day and shared it with their family and friends after work. He nodded and squeezed her hand gently acknowledging her words before entering the restaurant. 

The room was dark as I sat with my husband, Tim. We had been married for three years and the idea of a life insurance policy was something we had just never taken care of. So we started talking about our family and our future and life insurance came up. I looked at him and knew he felt the same way. "I don't want to die without your hand in mine," he said quietly. It sounded so romantic when he said it that way that all I could do is smile back at him before kissing his cheek softly. He smiled back at me and wrapped his arms tighter around my waist pulling me closer to him, "We have to get this taken care of."   



There are many benefits to having life insurance, but the most important one is that it offers  peace of mind for your family. You can protect them from financial hardships and future uncertainties by making sure you have a policy in place before anything happens to you. We can provide tips on how to find affordable rates and how much coverage you need at different stages in your life or career. If all this sounds overwhelming, we would love to help. Contact us today with any questions about our policies or read more about what else we offer here. It only takes a few minutes and could be the best decision you make for yourself and your loved ones."  

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