Saving You Money For Life

When you purchase life insurance you must demonstrate to the insurance company that your health is good. Even if you have life insurance today, it doesn’t mean you’ll be able to purchase more of it tomorrow unless your health is good. Since future insurabilitiy is always a risk, there are steps you can take to minimize that risk, including:

• Buy as much coverage as you can – if you think $500,000 is enough but the life insurance company is willing to give you up to $1,000,000 based on your age, health and annual income, consider buying the $1,000,000. With term life insurance as cheap as it is, $1,000,000 in coverage shouldn’t be unaffordable.
• Make sure the term policy has a provision that allows you to convert it to a permanent policy without having to show evidence of future insurability.

If you have any questions, be sure to ask your agent. He or she will be able to provide you in the right direction.

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