Looking for Life Insurance?

Life insurance is not only the cornerstone of a solid financial plan,
but it’s hands down one of the most cost effective ways to protect the
people who depend on you financially.

What about your family, if something were to happen to you? Would they be able to maintain their current lifestyle?

Would your kids be able to go to college? Would your spouse be able to support your family with one income?

If you have a child, are married, or carrying any kind of debt, purchasing life insurance is a no-brainer!

Still not sure?  Here are a few other reasons to have life insurance!

  • pay final expenses
  • protect your mortgage
  • estate planning
  • funding for your retirement
  • funding for education
  • financial investment

We make buying life insurance easy

At the Elder Agency, we make the process of buying life insurance extremely simple. Based on your individual rating criteria, we find the best possible life insurance policy at the right price.

When purchasing life insurance there are a few things to consider. Do you want Term Life Insurance or a permanent life policy like Whole Life or Universal Life?

If you don’t understand the difference that’s okay. That’s what we’re here for.

Life insurance is based on two main variables — your age, and your overall health.

Whole Life Insurance 

Whole life policies stay in force for your whole lifetime as long as the premium is paid. They have a fixed premium meaning that the payments remain the same throughout the life of the policy even as you age. These policies accumulate cash value over time and can be surrendered for their cash value.  

Term Life Policy

A term life policy expires after the selected amount of time. They are sold in increments ranging from 5 year to 30 year terms. They have a fixed premium for the policy period. You are not guaranteed a pay out as these policies may expire before the person covered under the policy passes. Often times they are purchased as mortgage protection. Term life policies are often the more cost effective option. Like any life policy, the younger you are when you purchase the policy, the lower the premium. A term policy does not accumulate cash value. 

How much life insurance do I need?

A mistake that we often see people make is basing their life insurance coverage on a guess, or just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.

One of the benefits of working with an independent agent like us is that we can sit down, and through a comprehensive needs analysis, determine the exact amount of coverage you will need to protect the people who depend on you.

The amount of coverage you need depends on a number of different variables. Here are a few examples:

  • how many children you have
  • your future earnings potential
  • whether or not you’re married
  • spouses future earnings potential
  • you and your spouses age
  • amount of debt you have

How to get started on your Life Insurance quote

To get started on your quote, contact our office.