Life Insurance in Jacksonville, FL
Life insurance is one of those things that most people know they need, but they often put off getting. However, the fact is, the younger and healthier you are when you apply for life insurance, the lower the premium. There may also come a day when you have health issues and can no longer qualify for life insurance, or if you can, it will be much more expensive than it would have been if you’d taken it out earlier.
When determining how much life insurance you need, consider what would happen if you died tomorrow:
- How much debt would your loved ones be responsible for? Typically, your spouse will be left responsible for paying off any joint liabilities you owe, like a mortgage, car payment, or credit card bills.
- Do you have children? If so, will there be enough money once you’re gone to support your family?
- Do you own a business? What will happen to your company? Do you have a succession plan in place?
Determining how much insurance and what type of life insurance you need is something our team at Della Porta Group can help you decide. We offer a variety of policy types from most of the major leading insurance providers and can help you figure out the best plan of action at the best price for your needs.
Term Life Insurance
Term life insurance provides coverage for a specified amount of time, then can be renewed at a higher rate depending on your age and your overall health. Most policies last for 20 to 30 years but can be for shorter amounts of time.
Unlike permanent life insurance, term life does not accumulate any cash value. It only pays out once the insured dies. Therefore, term life insurance premiums are less expensive than whole life. Term life, like most types of life insurance, is usually less expensive the younger and healthier you are, so it’s best not to put it off.
Your insurance needs may also vary depending on your age. For example, if you take a policy out in your 30’s, when your children are young, you may not need as much life insurance 30 years later once the kids are grown and out on their own.
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7807 Baymeadows Road E, Suite 301,
Jacksonville, FL - 32256