Life Insurance
Life insurance pays a benefit to the people who depend on your income. Term policies cover a set number of years and are the simplest and usually least expensive form. Permanent policies last for life and build cash value, at a higher cost.
Coverage amounts are usually built around what the policy needs to replace: income for a number of years, a mortgage balance, education costs and final expenses.
Availability
Hire Best Pros is not connecting people with life insurance professionals yet. This page is here as background reading while we work on it. Everything we do cover today is listed in our service directory.
What people usually need
- Income replacement for a family
- Covering a mortgage balance
- Coverage for a stay-at-home parent
- Business and key person coverage
- Supplementing a group policy from work
What to weigh before hiring
Term length should match the need
A term that ends before the mortgage is paid or the children finish school leaves the gap the policy was meant to cover.
Health and age drive pricing
Underwriting looks at age, health history and tobacco use. Rates generally rise the longer a purchase is delayed.
Group coverage may not follow you
Employer-provided life insurance often ends when the job does, and the amount is frequently smaller than a family needs.
Common questions
- How much coverage do people usually buy?
- It depends on income, debts and dependents. A common approach is to total what the household would need to replace, then subtract existing savings and coverage.
- Is a medical exam always required?
- Not always. Some policies use simplified underwriting, though those often cost more for the same coverage.