Life Insurance

<strong>Why Life Insurance?</strong>

Why Life Insurance?

Life insurance is more than just a policy; it's a promise to protect your loved ones when they need it the most. It can help your family:

  • Pay off debts and loans
  • Cover your funeral and burial expenses
  • Provide an income for your family
  • Ensure your children have funds for education
  • Leave a legacy behind

Whole Life

Whole life insurance is a type of permanent life insurance, which means the insured person is covered for the duration of their life as long as premiums are paid on time.

Term Insurance

Permanent life insurance is different from term life insurance, which covers the insured person for a set amount of time (usually between 10 and 30 years).

Create a lifeline that will last a lifetime

We know you can’t put a dollar amount on your family, but you can ensure their future is protected. And though costs are a real concern for most people considering life insurance, it never costs as much as you think.

It happens more often than you think...

After running multiple tests, doctors conclude you have an incurable medical condition that may affect the length of life you have remaining.

A million thoughts race through your head. You’re unsure of what to do or whom to call. Your first priority is your family and who will look after their well-being when you’re gone. Will you might be asking yourself:

  • How will your spouse stay afloat with all the debt accrued?
  • Who will save for your children’s college fund?
  • Where will your family be without you?

Or will you be thinking instead of how you will choose to spend whatever time you have left secure in the fact you have a precisely calculated policy to cover your debt and funeral costs?

Recognizing everyone’s situation is unique, which means there are two types of life insurance policies to choose from:

  1. Term life policies are set up to cover you for a specific period of time
  2. Whole life or Universal life insurance covers the insured for the course of their life

No matter the situation, it is important to know what type of policy best suits your needs, the amount of coverage desired, and most importantly, who the beneficiary will be.

One of the helpful agents at our firm can help you learn more about purchasing a life insurance policy. Having peace of mind knowing that when you leave this world, your family won’t be burdened with your financial hardships.

Why We're Different

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.

After all, there’s no such thing as a one-size-fits-all insurance policy when it comes to your business.

Contact us today, and we'll help you protect what matters most.

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Frequently Asked Questions - Life Insurance

How much life insurance do I need?

The amount of life insurance you need depends on your personal and financial circumstances. A general rule of thumb is to have coverage that is 7-10 times your annual income. However, you should consider your family's needs, your mortgage, debts, and future expenses like education costs.

Who needs life insurance?

Life insurance is beneficial for anyone who has financial dependents. This includes parents, homeowners, business owners, and even young adults who want to lock in a lower rate.

Can I get life insurance if I have a pre-existing condition?

Yes, having a pre-existing condition doesn't automatically disqualify you from getting life insurance. However, it might affect the cost of your premiums.

What happens if I outlive my term life insurance policy?

If you outlive your term life insurance policy, the coverage ends, and you won't receive any payout. However, some policies offer a return of premium option, which returns all or part of the premiums you paid.

Can I borrow against my life insurance policy?

Only permanent life insurance policies like whole, universal, and variable life insurance build cash value that you can borrow against.

Remember, life insurance is a significant part of your financial planning. If you have any more questions or need personalized advice, feel free to contact us at Noble Insurance. We're here to help you secure your future.