Life Insurance

Life Insurance is an excellent resource for the replacement of a loss of income resulting from a death of a particular person (the insured) which upon the death the insurance company agrees to pay a stated sum or income to a named beneficiary. InsureTomorrowToday.com offers several types of Life Insurance Policies to fit all different circumstances.

Term Life Insurance

Term life insurance is pure insurance protection that pays a predetermined sum if the insured dies during a specified period of time (10, 20, or 30 years). Upon the death of the insured, term insurance pays the face value of the policy to the named beneficiary. All premiums paid are used to cover the cost of insurance protection. Best when need for life insurance is temporary (Such as young children at home).

Instant-Issue Term Life

Purchase up to $250,000 of Term Life Insurance in just 10 minutes. No long forms or frustrating paperwork. No medical exam required. And all underwriting is done in real time. Return of Premium available.

Whole Life Insurance

Whole life insurance provides lifetime insurance protection, assuming that you make premium payments. Generally, the premiums and death benefit remain the same. These policies are specifically designed to last over a long period of time. Ideal for those seeking to cover permanent needs such as final expenses.

Universal Life Insurance

Universal life insurance is more flexible than traditional whole life because the premiums can vary from year to year and sometimes the premiums can even be skipped. Universal life policies have maximum-guaranteed premiums and a minimum guaranteed cash values and death benefits. Also, earn interest at the credited interest rate determined each year.

Do I Need Life Insurance?

Life insurance needs vary depending on your personal situation. If you have no dependents or do not generate a significant percentage of the family’s income, you probably do not need much life insurance. However, if your salary is important to supporting the family, paying the mortgage and other recurring bills, or sending your kids to college. Life insurance is important to ensure that these financial obligations are going to be covered in the event of your death.

How much Life Insurance is Needed?

How much life insurance that you will need will depend upon such things as your other source of income for the family, how many dependents you have, your debts and your lifestyle? The general rule of thumb is five to ten times your annual income. Nevertheless, bear in mind, something is better than nothing is.

How Much Will it Cost?

How much you pay for life insurance will depend on a number of factors, including your age, your health, whether you use tobacco, your family health history, and the type and amount of life insurance that you are buying.

When considering which Life Insurance Policy is Right for you, Be sure to ask yourself these questions?

• Is my need temporary or permanent?
• Can I afford the higher premium associated with permanent coverage?
• Will a convertible term policy be appropriate for starting out?
• Is it important that I build cash value?