Considering life insurance coverage can be tough. It means trying to understand new terms (such as whole life, term life, and nonparticipating), as well as evaluating your finances and lifestyle. Even though purchasing a life insurance policy can be a huge benefit to you and your loved ones, the process can appear overwhelming.

In fact, the decision to delay buying a life insurance policy is a common one.¹ However, if you decide to purchase a policy earlier in life, your costs may be lower.² Let us help you get started with this life insurance guide.

Is It Worth Paying for Life Insurance?

Yes, it can be worth paying for life insurance. Should the unexpected happen, an additional financial resource that your family may need can be there for them.

To help you better understand the terms, cut through the jargon, and have confidence when choosing a policy, HealthMarkets has created an easy-to-read life insurance guide.

Topics in the guide include:

  • A comparison of term life vs whole life insurance
  • Life events that trigger the need for life insurance
  • How to calculate the amount of insurance coverage you need
  • Determining the best type of life insurance policy for you and your family
  • Retirement and long-term care planning

Which Life Insurance Policy Is Right for Me?

The life insurance policy that’s right for you is dependent on your unique needs. HealthMarkets can help you be more comfortable with life insurance terms, and we can help walk you through the process. Start by downloading the Your Guide to Life Insurance PDF. And when you’re ready, or if you have any questions, contact a licensed insurance agent at (800) 917-4169.

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References

1. Forbes. August 2020. Retrieved from https://www.forbes.com/advisor/life-insurance/buying-during-pandemic/ | 2. CNN. March 2021. Retrieved from https://www.cnn.com/2021/03/02/cnn-underscored/guaranteed-life-insurance/index.html

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