Life Insurance for the Things that Matter the Most

You want to take care of your loved ones, which is one big reason to purchase life insurance. Life insurance brings plenty of benefits to the table, including helping make sure those we care about don’t suffer financially if something unexpected happens to us. InsureOne Insurance can help you understand the different levels of life insurance and how to make decisions for your exact situation.

With all of the benefits life insurance offers, there are plenty of misconceptions, too. With 30 years of experience behind us, we can help you wade through the information overload to arrive at a solution that provides your peace of mind at a cost you can afford. We don’t believe that one-size-fits-all when it comes to your financial decisions. We listen – really listen – to you and offer flexible, customized answers after we do the research for you.

Shopping for life insurance can won’t be confusing anymore with InsureOne. Doing research and coming up with the best plans for you to choose from is what we do best. You and your loved ones deserve the best, most affordable protection… for life!

What is Life Insurance?

First things first: What exactly is life insurance? At it’s most basic, it’s an insurance policy similar to other coverages where you pay a certain amount in a premium to an insurer who, in turn, guarantees a payout either at a certain time or in the case of a specified event. Most people are familiar with life insurance that pays a certain amount to a named beneficiary in the event of the policyholder’s death. But there are different types of policies and, in some cases, different ways it can be used to further your financial strength.

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How Much Does Life Insurance Cost?

The younger you are when you buy it, the less it will cost. If you are a healthy 40-year-old, the cost of a 10-year, $250,000 policy averages $15 monthly. The amount of coverage you choose to carry will have a large influence on your premium.

What Does Life Insurance Cover?

Life insurance covers anything your beneficiaries need unless you stipulate something different. In most cases, life insurance is used to cover the decedent’s final costs, such as medical expenses and funeral. Additionally, like insurance may be used to cover a house payment or pay off a mortgage so your spouse and children may remain in their home. Other things people use life insurance to cover include:

  • Ongoing bills and expenses after the loss of your income
  • Higher education costs for your children or grandchildren
  • State and federal estate taxes
  • Charitable contributions if you have stipulated it

Types of Life Insurance Coverage

The two most common forms of life insurance are whole life and term life. Some people need whole, which lasts your whole life, and some people prefer term, which has a set amount of years. Additionally, universal life and long-term care also fall under the overall category of life insurance.

Whole Life Insurance

This is the type of policy most people are familiar with when they think about life insurance. In return for an agreed premium, the beneficiary will receive a certain amount of money upon the death of the policyholder – as long as the premium is paid and no matter how long that takes. In some cases, a whole life policy may also be used as a savings instrument where a cash value is accumulated and may be withdrawn when (and if) necessary. Learn more about whole life insurance.

Term Life Insurance

Term life is similar to whole life in that a certain amount of money is paid out upon the death of the policyholder. However, it is different in that term life has a designated amount of time the policy is in force. Term life is cheaper than whole life for this reason. You may use a term life policy to make sure your children do not face undue financial hardship while they are growing up in the event something happens to you. Learn more about term life insurance.

Universal Life Insurance

Universal life allows you to protect your loved ones with a life insurance policy and also gives you a vehicle for a savings plan that increases the cash value of your policy. However, you can “borrow” money from your plan when necessary. Learn more about universal life insurance.

Long-Term Care Insurance

Long-term care insurance allows you to have more control if you need an advanced level of personal assistance. According to a study conducted by the Department of Health and Human Services, 70% of Americans over the age of 65 will need to utilize long-term care. Most Medicare plans do not cover long-term care or only offer limited benefits. Learn more about long-term care insurance.

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Factors that Affect Prices for Life Coverage

There are several factors that affect the price of an insurance policy including age, gender, health, tobacco use, and other factors.

Age and Gender

It is self-explanatory, but younger people will pay less for life insurance because they are assumed to be healthier. Likewise, it may be more expensive for males since they are perceived as living a riskier lifestyle, as well as more likely to be working in dangerous jobs than females.


Some policies require a medical exam, some don’t. Your height and weight, plus any serious or ongoing health issues will likely play a part in the cost of your premium.

Tobacco, Alcohol and Other Drugs

Those who use any of these substances on a regular basis may find themselves slapped with higher rates than those who abstain.

Other Factors

Some insurers look at previous criminal history, including DUIs and other criminal convictions. If you have a “dangerous” hobby, such as scuba diving, you may find yourself with a slightly higher premium. Likewise, a “risky” career, such as firefighter, may mean higher premiums.

How Much Life Insurance Do I Need?

In most cases, you’ll want to purchase enough life insurance to make sure your loved ones are not left in a poor financial situation should you die unexpectedly. The amount should be enough to pay off your mortgage and other debts, as well as provide enough money to replace your expected income for enough years to get your children through school and possibly college. Most people also want to leave enough to cover funeral expenses.

Rear view of a senior man and woman couple walking arms around each other on a deserted tropical beach

Are There Steps I Can Take to Lower My Rates?

Yes. One way to save money is to take advantage of bundling your various insurance policies through the same insurer. At InsureOne, we offer discounts based on bundling policies, as well as other items. Other ways to save money include:

  • Manage your health: Follow established guidelines for maintaining your weight, by eating right and exercising.
  • Manage health conditions: If you have chronic health conditions, stick to your treatment plan.
  • Manage your daily risks: Don’t engage in risky behavior, such as dangerous hobbies and using drugs, tobacco and alcohol.

Your InsureOne professional agent can help you navigate through the ins and outs of purchasing life insurance and find the right package for you. We do the work for you by listening to your needs and researching your options.

Find Out How to Get the Best Life Insurance Today

Finding someone to help you explore whether life insurance is right for you and your family is easy with InsureOne. We have many years of experience walking people through their options when it comes to protecting their families. Give us a call at (800) 836-2240, check us out for a fast and free quote online or stop by one of our convenient locations for a face-to-face meeting.