Get Life Insurance for those that matter most to you. Life Insurance financially protects your spouse and children if something were to happen to you.
Text/Call Jacob today: (801)-660-0227
-All services are Free-
What is Life Insurance?
Life Insurance is a contract between you and an insurance company where you pay a monthly premium in exchange for a cash benefit (called a death benefit) payed to a beneficiary (usually a spouse) upon your death.
Why Get Life Insurance?
Life Insurance financially protects your spouse/children if something were to happen to you. If you died today, who would pay the bills? How would the funeral or childcare be paid for? How would your family financially move forward? Life Insurance can pay for monthly expenses, a house mortgage or rent, accrued debt, child care, college tuition, and any other needs your family has. The payout is (typically) tax-free, and paid in one lump sum for your family to use however best meets their needs.
What to Consider?
Your Life Circumstance (married, children, single parent, empty nester, etc)
Your Families Financial Needs (monthly living expenses, debt, final expenses, future expenses you may be aware of, etc)
Duration of Policy (how long do you estimate needing your income replaced, etc)
Jacob is prepared and experienced to walk through these questions and help you pick a policy that fits your families individual needs!
Typically a $500,000 Term Policy for someone healthy and in their 20's, will likely yield a monthly premium that is also in the $20's.
Your monthly premium stays the same for the duration of the policy, so the younger and healthier you start a policy, the lower your rate will be.
Contact Jacob for a quote today:
What factors affect rate?
Two Biggest Factors:
Other Factors include gender, marital status, lifestyle (smoker/non-smoker, risky hobbies), & location.
*Rates increase with age and unhealthiness.
Term vs. Whole Life?
Term Life: Pays a death benefit only if you die during the term of an active policy (terms range from 10-30 years). Monthly premiums are more affordable. ($20+)
Whole Life: Is an investment that grows. Whole Life pays a death benefit to your beneficiary regardless of when you die as long as the policy is in force. The investment portion of your policy can be used while you are still living and it continuously grows similar to investing in the market. However, unlike the market, your investment is guaranteed to always grow. Many people use the accrued money to help them retire, but you can use the money whenever you need extra cash. Monthly premiums are more expensive. ($150+)