Step 2 - Length & Budget
The easiest way to do this is think about how long your family needs to be protected from financial hardship if you die. As time goes on, most people reduce their debt, send their kids into adulthood and will not need life insurance forever.
Although, things don't always go as planned and everyone has a different situation. If you foresee your family carrying a mortgage later in life or have a special needs child, you should look into a longer policy option.
You can choose policy lengths in 1, 5, 10, 15, 20, 25 and 30 years as well as lifetime coverage.
Decide how much money you can spend every month. This is an important step. There is no sense in shopping for a policy you cannot afford!
Buying a life insurance plan should fit nicely into your budget. After all, you want to keep it in place for your loved ones. Plus, knowing this ahead of time makes narrowing down your option much easier.
You may find that you want to buy more(or less) coverage, add optional riders or purchase a policy for additional family members.
Policy prices vary based on each person's age, health and lifestyle profile as well as their coverage and plan needs. They can range from as low as $12.00 a month to $250.00 or more.
Be prepared and go in knowing your the budget before you buy!
Step 3 - Shop Rates
Now that you know how much coverage you need, how long you need it and how much you can spend, it's time to start comparing rates! Don't worry about having the exact coverage amount or plan length.
There is really no perfect way to figure these out as you don't know when or if you will die prematurely. The goal is to get close and make sure you are not buying too much or too little. You can always adjust your plan as your needs change.
If you are having trouble picking the amount of coverage and plan, Melissa can help!
Insure The Heroes Life Insurance Agency offers competitive plans with top-rated companies.
Melissa Schreur is an independent broker offering policies through top-rated life insurance companies. As an experienced agent and dedicated military spouse she is your go to lady for life insurance coverage.
She founded Insure The Heroes Life Insurance Agency because she believes you are an everyday hero! Often times that means your loved ones will suffer financially if you die. Many consumers don't realize just how affordable carrying life insurance can be.
When you use a broker you get the advantage of shopping all your options without the headache of making a ton of phone calls!
If you choose Insure The Heroes you will never have to wait on a hold with a call center and never speak to the same person. Melissa can be your agent for life. She'll stick with you as things change and make sure you always get the best service.
See what life insurance options you have today.
"After I got married, I realized the importance of life insurance, but I felt overwhelmed when I started researching policies. Melissa found a great rate for my life insurance policy and tailored her suggestions to my unique situation. She patiently explained the policy and was helpful throughout the process. I highly recommend Melissa."
"When our financial adviser suggested we buy extra term life insurance and exchange one kind of policy for another. I called Melissa along with three other large insurers to see which would come through with the best offer. Melissa won hands down for both policies. No one could meet the price even after I showed competitors their quotes."
"As my husband and I worked with Melissa to obtain a life insurance policy, she made the entire process easy and took time to explain everything to us. Legal paperwork is never easy for me to comprehend and Melissa simplified the process; she has been a pleasure to work with as she guided us through preparations for taking care of our family's future! We can't thank her enough for her help."
"Melissa was a great asset to my family when searching for Life Insurance that fit into our military family structure as well as my growing business. She was very open to providing any and all information I needed to make a decision quickly and effectively. I would recommend Melissa to any person considering life insurance to bring peace of mind to their family whether military or civilian."
"Melissa is outstanding! She delivers excellent customer service meet the needs I had for my plan. During my first encounter with Melissa, she provided me with understandable answers, exceptional quotes and didn't hesitate to return any of my phone calls, emails or texts. I would recommend Melissa to anyone!"
Whether you are a military family(past or present), parent, business owner, single person, etc...
Melissa can help you understand your life insurance options and provide estimates from top-rated companies. She believes you are an everyday hero to the ones that you love. Don't let them down by forgetting how important life insurance is if you die!