Life Insurance

Life Insurance Information

Life insurance is an essential coverage that can help assist your family financially after your passing. Coverage is critical if you have family members that depend on your income for daily living expenses.

Losing a loved one is a stressful ordeal, and the last thing your family should have to worry about is how to pay the costs once you’re gone. At Schuder Insurance Agency, we’re here to help you sort through life insurance policies to receive the coverage best suited for your needs.

What Is Life Insurance?

Life insurance is a policy for which you pay a premium in exchange for a payout of a death benefit to beneficiaries once you pass away. A death benefit can cover various expenses such as mortgage costs, funeral expenses, tuition, credit cards and day-to-day expenses. The type of policy you choose will determine your exact coverage. To get started with a policy, reach out to an agent today.

How Much Life Insurance Do I Need?

There are two main types of life insurance to choose from: term life insurance and permanent life insurance. The following are the differences between coverage:

• Term life insurance covers you for a set amount of time. If you die during this term, your designated beneficiaries are paid the death benefit. People frequently purchase policies for 10, 15 or 20 years, but other term lengths exist.
• Permanent life insurance covers you for as long as the premium is paid. There is no expiration on this policy. Typically, coverage includes both a death benefit and a savings portion.

Your health risks and needs determine which policy is best for you. To get started with a policy, be sure to reach out to an agent to begin discussing what you’re looking for.

What Does Life Insurance Cost?

The cost of your life insurance policy will vary. Factors such as the type of insurance, your overall health, family health history and wellness can all factor in your rate. Term life insurance is typically less expensive than a permanent life insurance policy, but you should decide based on what best fits your needs. For more information on your quote, contact an agent today.

Get Started Today

At Schuder Insurance Agency, we’re here to help you sort through complex coverages, such as life insurance. For more information or to get started with coverage, reach out to an agent today.