Life Insurance? Why is it important to have! 

Let’s take a look at where we typically spend our insurance premium dollars:

  • Car insurance
  • Homeowner’s insurance
  • Renter’s insurance
  • Recreational vehicle insurance
  • Dental insurance
  • Health insurance
  • Long-Term Care insurance
  • Disability insurance
  • Pet insurance
  • Life insurance

Life Insurance

Every type of insurance listed above is purchased with the hopes that you’ll never have to put in a claim.  No one wants their house to burn down.  Who wants to be involved in a car accident?  I don’t want my boat to sink.  I’d rather not be disabled.  Wouldn’t want Fluffy the cat to get sick.  So, we purchase various types of insurance hoping we’ll never have to use them, and happy to have them should we need them.  But, so many people don’t buy the one insurance coverage that will make a world of difference in their family’s lives for many years to come – LIFE INSURANCE.

I’m sorry to be the one to break the news, but 100% of us are going to pass away at some point.  It’s simply a matter of when.  For some of us it will be an accident, and for some of us, it will be a short or long illness, and others old age.  The thing is – we don’t know.  And you typically can’t buy life insurance once you DO KNOW.  So, buy it when you’re young, and it’s very affordable.  Buy it right now while you are reading this and still healthy.  Most life insurance is underwritten.  That means the company is going to ask you a whole lot of questions:  Do you smoke?  Are you too short for your weight?  Do you take medications?  Do you have any illnesses?  Do you bungee jump?  See where I’m going with this?  If you are ill or have issues, they may not offer coverage.  So, it’s best to get coverage BEFORE these things happen.  And it’s more affordable.  Some companies will still offer coverage even if you are a walking zombie – but it’ll be very expensive!

Why Buy Life Insurance Coverage?

It’s not for you because you won’t be around anymore.  It’s for your family, your siblings, your parents, your pets or your pet charity.  If you are the bread-winner, think of what your family would do without your income.  Could they pay the mortgage, childcare, car payment, schooling, etc.?  If you are the homemaker taking care of the children, how will your working spouse continue to work and take care of the children?  Life insurance takes care of those things.  It can pay off the mortgage, pay off the end-of-life medical bills, be used to hire a nanny, put the kids through college, pay for their weddings, used as a retirement funder for the surviving spouse and so much more.  Leave a legacy behind instead of leaving despair for your loved ones.

Life Insurance

Life Insurance Coverage Types

So now that we know we want life insurance coverage – what kind and how much?  There are 3 types of coverage:  Term, Whole & Final Expense.  (There are other types of coverage, but we are only outlining the top 3 here)

  • Term Life Insurance: As the name implies, you purchase it for a “term” of time.  Let’s say you are starting a family and you want to cover the family until the kids graduate from college.  You may want to purchase term life insurance for 30 years.  Or you want to be able to replace your income until your spouse retires in 20 years.  Simply decide how much coverage would be appropriate (we can help you figure that out) and how long you want it to cover you.  Term is the lowest cost life insurance.  Coverage of $500,000 and higher are very affordable.  For example, a 30-year old non-smoking male can purchase $1,000,000 in coverage for 30 years for as low as $58/month.
  • Whole Life Insurance: This type of insurance is permanent, meaning it doesn’t expire.  It earns interest and can be borrowed against.  However, this type of insurance is often at least 10 times more expensive than term insurance.  So, we are believers in term insurance.  Take the savings in premium and invest in your job’s 401K or your IRA.
  • Final Expense Insurance (or Burial): This is typically purchased later in life and can usually be sold to folks as old as 80.  It is used to pay off any end-of-life medical bills, for cremation or burial and to leave a little behind for your spouse or kids.  Personally, I was so thankful my Dad had a $25,000 policy because it really came in handy for my Mom when he passed.  She was able to pay the hospital bills that had accumulated in the last few months of his illness, pay for cremation and give her a cushion against future bills she might have.  Underwriting can be very lenient, and premiums might be less than you would think.  It is usually sold with coverage of $25,000 or less.

Contact Us For Your Life Insurance and Final Expense Insurance Needs

So now that you have the facts, what’s holding you back?  The time to buy life insurance is NOW! For more about Life Insurance coverage, plans complete our online request form


 

 

Life Insurance

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Life Insurance

Life Insurance

Life Insurance

Our Reviews

I recommend anyone that has any questions about Medicare insurance to let Kathy and her team guide you through this process. There is nothing like sitting and talking to someone in person, who can answer all your questions. I also know that if I need help or have any questions in the future, I can always call her! Thank you so much for your help!
Janet Williams
Janet Williams
22:41 09 Apr 21
Neil Wiley
Neil Wiley
01:19 29 Mar 21
Kathy and her team did a awesome job helping my husband and I out picking our Medicare supplements. Kathy is very knowledgeable about what insurance is a good "fit" for your circumstances. I highly recommend this office for any of your insurance needs.
Jaye Press
Jaye Press
19:18 09 Mar 21
My husband and I were referred to Kathy Thousand by a neighbor while being inundated with emails and mail from everywhere. We promptly made an appointment and were extremely pleased with her thorough knowledge as we were having a hard time on our own.I highly recommend Insurance Options and especially Kathy who made for an easy transition in the retirement phase of our lives.Roland & Elaine Figueredo
Elaine Figueredo
Elaine Figueredo
21:56 02 Nov 20
Kathy was fantastic! She answered all our questions and helped us navigate a real mess with great ease. She overcame obstacles that we couldn't deal with and we now have a great Medicare plan!
Lynne Woodman
Lynne Woodman
15:47 23 Oct 20
Kathy is professional, thorough and personable, too. A delight to work with to take care of my needs. Highly recommended!
Joe Kearns
Joe Kearns
20:21 20 Oct 20
I spent almost 2 hours with Kathy Thousand reviewing all of the supplemental insurance plans that fit me. Well worth the time!! I just recently retired and started my Social Security. She was very thorough and answered all of my questions. She is very good at what she does. I would recommend her to my family and friends.
Shirley Wheeler
Shirley Wheeler
19:45 05 Aug 20
All of my questions were answered with patience and professionalism, my needs and requests were addressed too. The office was clean and welcoming with protection for the Covid 19. I look forward to continue doing business there.
France Paulsen
France Paulsen
15:33 10 Jul 20
Melanie Mellars
Melanie Mellars
12:47 01 May 20
20 years ago the Thousand's wrote our health insurance plan which I have kept all these years. I can't believe the time has come for a new chapter, Medicare! Once again I feel confident that Kathy has done a wonderful job of finding the coverage's right for this phase of our insurance needs as well. Thank you for easing my apprehension regarding these insurance changes as well!
Paulette Halbrehder
Paulette Halbrehder
18:35 30 May 19
Margaret Schruers
Margaret Schruers
15:37 28 Nov 18
Complex...made very simple. Kathy Thousand was/is the best in her advice regarding Medicare Supplemental plans. Normally, choosing a plan is very complex and confusing...in her case Kathy explained in simple terms what care is best for me.I would give her 10 stars if that was possible!
Chuck Lind
Chuck Lind
15:00 25 Sep 18
Highly recommend.
Patricia Read
Patricia Read
11:09 23 May 18
Thanks Kathy for all of your help and guidance. I was defiantly going in the wrong direction. I guess everyones situation is different. It pays to see a pro.😲
Bill Mcginnis
Bill Mcginnis
20:38 21 May 18
Kathy was great, very helpful and took the time to educate me on Medicare supplements. I highly recommended mm no here.
Steven Huff
Steven Huff
16:42 09 May 18
Linda Hand
Linda Hand
20:06 04 May 18
I can’t say enough about the assistance with Kathy Thousands from Insurance Options, Inc. My husband and I are newcomers to Florida and MEDICARE. Kathy took as much time as we needed to make a choice for which Medicare supplement to take. She is a wealth of knowledge and information about all insurance options. Several weeks later, after we make our choice, we had more questions and again, she took her time and reviewed our program to ensure we were comfortable with our supplement choice. If you need any guidance with Medicare supplements or other insurance, please give her a call.....you won’t regret it.Five Star company, and Customer Service.....
Gail Mueller
Gail Mueller
16:00 24 Apr 18