Illinois Life Insurance
You have worked hard to get where you are today. You have a great career. You own a beautiful home. Your family means the world to you. You are living the dream. But have you taken the steps to make sure your dream does not become a nightmare for your loved ones if something unfortunate happens to you or your spouse?
Yes, we are talking about life insurance – something that most people do not enjoy thinking about or even talking about. In the event of something tragically happening, a life insurance policy will help with covering funeral costs, help pay off debt like your mortgage, and help pay your children’s college tuition.
Types of Life Insurance
There are several types of life insurance available to Illinois residents, but they typically fall into one of two categories: term life policies and whole life policies. We will discuss the difference between them below.
- Term Life: This kind of policy is set to cover you for a specific period of time (i.e. 10yr, 15yr, 20yr). Depending on the age of an insured, premiums will be cheap and increase in costs with your age. Some term life policies give you the option to convert it to a whole life policy when the policy is set to expire.
- Whole Life: This insurance policy covers you for the course of your life, even if you live to be 100 years old. One advantage of this kind of policy is that it builds cash value and you can borrow against it in times of need.
No matter the situation, it is probably safe to say that everyone has someone else who depends on them for financial support. Life insurance is not only for married couples and parents, but single people who might care and support for an aging parent should carry some kind of life insurance.
When Should You Purchase Life Insurance?
It is never too early or too late to purchase life insurance. No matter your age, life insurance is a must. R.C. Keller & Company recommends that it makes sense to think about purchasing life insurance when something changes in your life like – getting married, have a baby, take out a mortgage, or get a raise at work. We will be happy to meet with you to determine your needs and explore the best options for you and your family.
R.C. Keller & Company
As a local independent insurance agency, R.C. Keller & Company has access to many insurance companies, so we can tailor your Illinois life insurance policy to you. As life insurance professionals, we are well versed in all aspects of life insurance and we are ready to help you research your options and weigh the pros and cons of each.
Give us a call, use the quote form above, or stop by our office in Schaumburg so we can help you plan for your future and the future of those you love.