Do I need Life Insurance?

While purchasing life insurance is a personal decision, many insurance agents will recommend term life insurance as an affordable way to ensure your family will be taken care of in the event of your death. Term life will provide peace of mind that should you pass away, your family has financial resources to deal with expenses associated with your death, any outstanding debts or even childcare, if needed.

How much life insurance do I need?

The amount of life insurance needed varies from person to person, depending on what financial assets already exist, what income might need to be replaced and how much remaining debt might need to be paid. We encourage you to speak with a licensed agent about acquiring term life insurance to make sure you have the coverage you need.

Is Term Life Insurance expensive?

Term life insurance is typically more affordable than whole life insurance, because it is set for a specific period of up to 30 years. Because whole life insurance covers the entire lifetime of the policy holder, premiums are often more expensive. Term life insurance is a great place to start if you need a straightforward and easy to understand life insurance policy.

I’m young and healthy. Do I need life insurance?

If you have dependents who rely on your income or have significant debts, like a mortgage, you might consider term life insurance as an option to help take care of your family’s needs should the unthinkable occur. Term life insurance rates are often cheaper for younger customers. A licensed insurance agent will walk you through the options and help you make the best decision for your situation.

Term Life Insurance | First Acceptance Insurance

Term Life Insurance

If tragedy strikes, you’ll want to be prepared. Life insurance provides your family and loved ones with financial resources to assist them with the next stage of life. Life insurance could help ensure your family’s well-being, pay outstanding debts, or provide additional funds for expenses that occur during child-rearing years. Short term life insurance offers a flexible and affordable solution for a range of situations.

What is Term Life Insurance?

Term life insurance is a flexible and affordable option if you are considering life insurance. Term life insurance provides protection for a set period of time (the term) and could pay a lump-sum cash payment to your beneficiaries should you pass away during the set term. Term length is typically set from 10 – 30 years and has a set premium for the entire term. If you survive past the set term period, your policy will end and no benefits will be paid.

Information and coverage descriptions are general in nature. Actual coverage depends on the policy. Policies are underwritten by third-party insurers that are solely responsible for claims. Supplementary coverage options or products may be added to an insurance policy for an additional cost where applicable. See your agent for more information. Product and features are subject to underwriting criteria. Price may vary based on how you buy. Not all products, discounts or payment plans are available in all states or distribution channels. All products described herein are subject to terms and conditions.

Term Life Insurance

What is Term Life Insurance?

Frequently Asked Questions