Where you are in your particular "life stage"
will usually determine the type of life insurance you will need.
For example, a 40 year old married individual with children will
usually buy a large face amount ($250,000 or greater) of
TERM coverage. Covering the family's living expenses after
the policy owner dies, the children's college educations and a
mortgage balance are the principle motivations in this
example.
The reverse is true for most senior Americans. Studies show that
nearly all seniors purchase life insurance to pay for burial or
final expenses in addition to their desire to leave a "legacy" - a
portion of the benefit that may be directed to, say, a grandchild
or grandchildren. These insurance policies are usually smaller face
amounts ($10,000 to $50,000) and are usually referred to as
FINAL EXPENSE or BURIAL policies.
Others may purchase a UNIVERSAL or VARIABLE LIFE
policy that combines insurance protection with a savings plan.
These policies are usually purchased by young families who need the
flexibility and built-in savings discipline afforded by this type
of life insurance coverage.
Regardless of where you are in your particular "life stage", any
of the professional and highly trained life insurance agents at
The Assurance Group will be happy to
discuss your particular needs and develop for you a personalized
life insurance recommendation that will cover the people you care
most about. Call us today toll free at
866-224-8450.
