Informative Videos

Discover why people buy life insurance through our informative videos that provide valuable insights and guidance on this important decision.

Why People Buy Life Insurance

Life insurance provides financial protection for your loved ones in the event of your death. It helps cover major expenses like funeral costs, mortgage payments, debts, and everyday living expenses, ensuring your family can maintain stability during a difficult time. Life insurance can also support future goals like college funding or retirement for your spouse. It offers peace of mind, knowing your loved ones won’t face financial hardship if you’re no longer there to provide for them. Whether temporary or permanent, life insurance is a smart way to secure your family’s financial future.

Whole Life / Final Expense / Burial Coverage

Whole life insurance provides lifelong coverage with guaranteed premiums, a fixed death benefit, and a cash value component that grows over time. Unlike term insurance, it doesn’t expire as long as premiums are paid. The cash value grows tax-deferred and can be accessed through loans or withdrawals for emergencies, retirement, or other needs. Premiums are higher than term policies but remain level for life. Whole life is ideal for those seeking permanent coverage, estate planning benefits, or a way to build long-term financial security while protecting loved ones.

Term Life / Income Protection / Mortgage Protection

Term life insurance provides coverage for a specific period, typically 10, 20, or 30 years, offering a fixed premium and death benefit. It’s designed to provide financial protection during key life stages, like raising children or paying off a mortgage. Benefits include affordability, straightforward coverage, and flexibility to match policy duration with needs. Premiums are generally lower compared to permanent life insurance. However, once the term ends, coverage ceases unless renewed or converted to a permanent policy. Ideal for those seeking affordable, temporary coverage without cash value accumulation.

Accidental Death and Dismemberment

Accidental Death and Dismemberment (AD&D) insurance provides financial protection in the event of a serious accident. It pays a benefit if the insured dies or suffers specific injuries—such as loss of limbs, sight, speech, or hearing—due to a covered accident. AD&D is often offered as a rider on life insurance or as a standalone policy. It’s an affordable way to supplement standard life insurance, but it only pays out for qualifying accidents—not illness or natural causes. AD&D is ideal for individuals with active lifestyles or higher-risk jobs, adding an extra layer of security.

50% of Americans Lack Life Insurance Coverage – Why it’s Important

As of recent surveys, about 50% of adults in the U.S. do not have any form of life insurance. Many cite cost as the main reason, even though coverage is often more affordable than expected. Others delay buying due to uncertainty about what type they need or a belief that they’re too young or healthy to worry about it. This gap leaves millions of families financially vulnerable if a primary income earner passes away. Increasing awareness and education can help more people understand the value and accessibility of life insurance.

Benefits of Whole Life Insurance

Whole life insurance offers several key benefits. It provides guaranteed lifetime coverage, meaning your beneficiaries receive a death benefit no matter when you pass, as long as premiums are paid. It also builds cash value over time, which grows tax-deferred and can be borrowed against or withdrawn for emergencies, retirement, or other needs. Premiums stay level for life, offering predictability. Whole life can also be used for estate planning, leaving a legacy, or covering final expenses. It’s a stable, long-term solution for those seeking both protection and financial growth.

Steps to getting Life Insurance

Getting life insurance is a simple process that typically involves these steps:

1. Determine Your Needs – Decide how much coverage you need based on debts, income replacement, and future expenses like college or a mortgage.
2. Choose a Policy Type – Select between term (temporary) or permanent (lifelong) coverage based on your goals and budget.
3. Get a Quote – Compare quotes from trusted insurers to find the best rate and coverage.
4. Complete an Application – Provide basic information about your health, lifestyle, and finances.
5. Undergo a Medical Exam (if required) – Some policies require a brief health exam; others may offer no-exam options.
6. Wait for Approval – The insurance company reviews your application and medical info to determine your eligibility and final rate.
7. Review and Accept the Policy – Once approved, review the terms, pay the first premium, and activate your coverage.

That’s it—you’re protected!

Steps After Buying Life Insurance

After buying life insurance, here are the key steps to take:

1. Review Your Policy – Carefully read your policy documents to understand the coverage, terms, and exclusions.
2. Store Safely – Keep your policy in a secure, accessible place and share its location with trusted family members or beneficiaries.
3. Name or Update Beneficiaries – Ensure beneficiary information is accurate and up to date to avoid delays in payout.
4. Set Up Premium Payments – Choose automatic payments if possible to avoid missed payments or a lapse in coverage.
5. Schedule Regular Reviews – Life changes—like marriage, children, or a new home—may mean updating your coverage.
6. Understand the Cash Value (if applicable) – If you have whole or universal life, learn how the cash value works and when you can access it.
7. Notify Loved Ones – Let your beneficiaries know you have life insurance and how to file a claim if needed.

Taking these steps ensures your coverage stays active and your loved ones are protected when they need it most.

LEARN ABOUT GROUP LIFE INSURANCE

Group life insurance is a type of policy provided by an employer to its employees. It offers coverage for a group of people under a single contract, typically at a lower cost than individual policies. Benefits usually include a death benefit paid to the beneficiary in the event of the insured’s death. Employers may cover the entire premium or require employees to contribute. Group life insurance often doesn’t require a medical exam for coverage, making it accessible to many employees. It’s a valuable employee benefit, providing financial security to families and loved ones in times of need. Learn about the Pros and Cons

Is it time to buy life insurance?

Yes — now is the right time to buy life insurance. The earlier you get coverage, the more affordable it is. Life insurance provides financial protection for your loved ones if something happens to you. It can cover funeral expenses, pay off debts, and replace lost income. Even if you’re young or healthy, unexpected events can happen. Waiting could mean higher premiums or being denied coverage due to future health changes. Whether you’re single, married, a parent, or a business owner, life insurance brings peace of mind. Don’t wait — protect your future and your family today.