Category Archive life insurance

A Closer Look at Single Premium Whole Life Insurance

There are a number of angles to take into consideration when it comes to your life insurance. Right away, you want to be sure that the coverage you select accurately reflects the risks that you are likely to face in the future. Beyond this, it can be a good idea to consider the costs attached to your coverage. Paying in a way that reflects your budget can make a world of difference. Review these points to learn more. 

The Advantages of a Single Payment

Managing payments can often prove to be one of the more frustrating aspects of taking out insurance. However, traditional arrangements are far from the only choice you have. An alternative like Single Premium Whole Life coverage might be a much better fit for anyone who wants more control over their payments. A single-payment structure gives you the choice to take care of all your expenses in one swing. Advantages of this type of plan can include: 

  • More control over your insurance expenses
  • Easier to manage costs of coverage
  • More security with finances

The Best Fit for Your Budget

While there are many different points to consider when it comes to your life insurance needs, you can easily find the best fit with a little research. Check out your options with a single premium structure to see if it is the right coverage for your budget.

New Parents Should Have Life Insurance

Few things in life have the combination of excitement and stress that becoming a first-time parent does. It’s exciting to have a new member of the family who is so cute and cuddly. But you now also have a couple of decades of raising and caring for your child. There are so many things to be concerned with and you haven’t been down that road yet. One thing that you may not think of is life insurance.

What You Should Have Life Insurance

Though they may be young and healthy, there are advantages to life insurance for new parents. Buying a policy while in your 20s and in good health will mean lower premiums. You can lock in a policy with excellent coverage at an affordable rate.

Even the healthiest of people can have an accident or unexpectedly pass on. You want to make sure your child will be provided for financially. A life insurance policy will give you that peace of mind.

Even if you have a life insurance policy through your job, its benefits may be limited. Children need many things to grow up healthy and have a supplement to your existing insurance and help provide all that they will need should something happen to you or your spouse.

It’s exciting to become a parent but it’s a huge responsibility. You can help protect your child’s future with a life insurance policy.

How To Qualify for Life Insurance

Life insurance can feel intimidating for many people, to the point that they put off obtaining it for their families. Don’t let your questions or fear of not qualifying for coverage keep you from finding a plan that meets your needs. You will be surprised to discover that life insurance requirements are often simple to understand and easy to complete.


Each company and policy for life insurance can vary, but fulfilling the requests of the insurance entity will be fairly simple. Expect agencies to need your age, weight, a brief medical history, occupation, medications, drug and alcohol use, and financial information to process a life insurance policy. Sometimes you may have to go a step further and complete a physical exam as laid out by the company. 

Additional Requests

After providing information to the initial requests, you may be asked to provide further detail or more in-depth physical exams to complete your policy. Don’t be intimidated by any extra information that might be needed. The company uses this information to help get the best premium rates for your plan. If you want to make sure you have a premium rate you can afford, consider asking your life insurance agent if there are changes you can make to your lifestyle to get the policy your family needs.

Answering health-related questions can feel vulnerable and tedious, but it’s worth your time and effort. Having quality life insurance coverage will protect the ones you love the most if something were to happen to you.