Why shouldn't he smile, he spent all our money before he died!
Buying life insurance is an easy way to protect your family after you're gone. If you know what to look for, you can get great coverage at
a price you can afford.
Why buy life insurance?
Topping the list of reasons to buy life insurance is the financial protection it offers. If you're single and just starting out, you may not need life
insurance. But as you take on more responsibilities and your family grows, your need for life insurance increases. The proceeds from a life
insurance policy can replace the income lost to your family upon your death. You might also want to buy life insurance to pay off debts and
expenses, leave money to charity, and cover final and estate expenses.
Choose term or cash value
There are basic types of life insurance:
Term Insurance, which provides coverage for a specified period of time (the term, varying from 1 year to 30 years), while term insurance
may be the most affordable option if you're buying life insurance mainly for the financial protection it offers, and your need for life insurance is
temporary (until your children leave the nest, for instance). Some term policies (called "convertible") will permit you to exchange the term
policy for a permanent one at some point. Additionally, one of the new and popular features of some term policies is the "return of premium"
option that will pay you all your prremiums back at the end of a specified number of years. Great Option! You're renting your life insurance
and getting all of your money back.
Whole Life Cash value (permanent) insurance, which combines a death benefit with a cash value component. Cash value insurance offers
lifetime protection,
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Final Expense Insurance...is just as it sounds...insurance to coverage burial and funeral costs. Naturally, the money is paid
to your beneficiary and can be used for any purpose. Final expense insurance is available in amounts as low as a $1000
death benefit. Policies offer permanent protection and your premium rate can never be insreased because of age and are
usually guaranteed for life.
Decide how much coverage you'll need
The amount of life insurance protection you should buy depends on how much income your survivors will need, how much you own and owe,
and the amount of other life insurance available to you. If you're married, both you and your spouse should consider buying life insurance. One
of the easiest ways to estimate how much life insurance protection you should buy is to use a life insurance needs calculator.
Pick a number between 1 and 30
Term insurance is usually offered for periods ranging from 1 to 30 years. Consider choosing a term that matches your need for life insurance
protection. For instance, if your main reason for buying life insurance is to protect your 2-year-old child until he is out of college, you'll want to
buy a policy with a term of at least 20 years. Again the return-of-premium option makes this an excellent choice!
How much will it cost?
How much you pay for life insurance will depend on a number of risk factors, including your age, your health, whether you use tobacco, your
family health history, and the type and amount of insurance you're buying. Keep in mind that the premium you're quoted initially will increase
later. For instance, when you buy term insurance, rates are guaranteed only until the end of the term (annually for annual renewable term or at
the end of a specified number of years, 1-30, for level term). While most policies can be renewed at the end of the term, you'll pay a higher
premium for coverage.
The answers you give on your application, and your past health history, will help the insurance company determine whether to offer you a
policy, and if so, at what price.
Give us a call for a personalized, no-obligation spreadsheet listing plan benefits and premiums from many top insurance companies
doing business in Louisiana. Let us help you find insurance coverage that best fits all your requirements within a reasonable premium range.
(225) 612-4589
Fill In Our Online Form For More Information
or you can most certainly give us a call:
Monday-Friday 9am-9pm
Saturday 9am-6pm
18543 Belle Grove Road Prairieville, La. 70769
6369 Catina Street New Orleans, LA 70124
225-612-4589
“Serving Louisiana Residents Exclusively Since 1986”
"Representing over 20+ insurance companies to better serve you"
Life Insurance
