Life Insurance: A Simple Question for the People You Care About Most

Life insurance can help protect the people, plans, and promises that matter most.

Many of our Medicare and individual health insurance clients have done a great job protecting their health coverage. But one important question is easy to put off: If something happened to me, would the people I love have the financial support they need?

Life insurance is not only for young families. It can help with final expenses, debts, income replacement, legacy planning, and making sure loved ones have time and options during a difficult season.

• Final expenses: funeral costs, medical bills, and other immediate needs.
• Debt protection: credit cards, personal loans, vehicle loans, or a mortgage.
• Income support: helping a spouse or family member maintain everyday living
  expenses.
• Legacy planning: leaving money to children, grandchildren, a spouse, or a
  cause you care about.
• Peace of mind: creating a plan before health changes make coverage harder or
  more expensive to qualify for.

Below are two tables illustrating what it might look like for a healthy male and female to obtain $1 million of term life insurance. The top row indicates age, and the first column indicates term length.

Males — $1 Million Term Life Insurance Per Month

Rates shown are estimated monthly premiums for Utah residents in good health (non-tobacco users) and are for illustrative purposes only. Actual premiums may vary based on age, health, underwriting class, carrier guidelines, and other factors. Rates are subject to change without notice. Coverage and pricing are not guaranteed until approved by the insurance carrier. Not all applicants will qualify for the rates shown, and some may be declined or offered coverage at a different premium.

Females — $1 Million Term Life Insurance Per Month

Rates shown are estimated monthly premiums for Utah residents in good health (non-tobacco users) and are for illustrative purposes only. Actual premiums may vary based on age, health, underwriting class, carrier guidelines, and other factors. Rates are subject to change without notice. Coverage and pricing are not guaranteed until approved by the insurance carrier. Not all applicants will qualify for the rates shown, and some may be declined or offered coverage at a different premium.

You do not need to know exactly what type of policy you want before we talk. That is what we are here for. A short conversation can help answer questions like:

• Do I have enough coverage for my current stage of life?
• Would my loved ones have money available quickly if something happened?
• Is my old policy still the right fit?
• Can I qualify for coverage, and what options might be available?

Life insurance availability and pricing depend on age, health, underwriting, carrier guidelines, and the type and amount of coverage requested. This newsletter is for general educational purposes and is not a guarantee of coverage.