Lowell Life Insurance
Find the right life insurance policy for you.
Written by
Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.
Lowell is a great place to raise a family. According to a recent census, 35.9 percent of this city’s households are comprised of married couples and 34.9 percent include children under the age of 18. If you have a spouse, children or other dependents who rely on you financially, it is particularly important that you consider obtaining a Lowell, MA life insurance policy.
There are different types of life insurance and you may find it a bit difficult to decide which type to choose. Turn to an independent insurance agent in our network for assistance. Your agent can explain your options and provide you with enough information to allow you to make an informed decision. It is easy to find an agent in your ZIP code and start comparing Lowell life insurance quotes today.
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Premature Death Rate in Lowell, MA
- Lowell has the second-highest premature mortality rate (PMR) in the state
- In recent years, 308 Lowell residents under the age of 75 passed away
- This constitutes 443.8 deaths per 100,000 persons under 75
- By contrast, statewide, Massachusetts has a PMR of just 295.4
The younger and healthier you are when you purchase a life insurance policy, the less your premiums will cost you. People tend to have a greater need for coverage when their children are still young and their mortgages are far from being paid off. When it comes to life insurance, procrastination is never a good idea.
Why Consider a Lowell Life Insurance Policy?
Life insurance is designed for the financial security of those you leave behind. If you are married or have young children, you need to consider how your family would manage financially if you were no longer there to provide for them. A life insurance policy can allow your family to continue living in their home. It can also provide funding for your children’s education and ensure that your spouse has the financial security necessary to avoid bankruptcy and fiscal devastation.
Five Leading Causes of Death in Lowell
- Heart disease: 212 deaths
- Cancer, all types: 173 deaths
- Lung cancer: 52 deaths
- Breast cancer: 9 deaths
- Stroke: 40 deaths
- Chronic lower respiratory disease: 37 deaths
- Complications related to diabetes: 18 deaths
A diagnosis of a life-threatening disease can happen at any time. Do not wait until you are sick to start shopping around for life insurance. Those with life-threatening illnesses often have a difficult time finding affordable, adequate coverage. This is one of the many reasons it is best to purchase a policy sooner rather than later.
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Our independent agents shop around to find you the best coverage.
Term vs. Permanent Life Insurance
When selecting a Lowell life insurance policy, you will have to choose between term and permanent insurance coverage. Each has its pros and cons.
- Term life insurance: Term life insurance policies are purchased for a set amount of time, typically 10 to 30 years. This coverage lasts only for the length of the term. Once the term is expired, the policy is no longer in effect.
Many people prefer term life insurance because it is relatively inexpensive and because it allows them to have life insurance coverage at a time when they need it most. A young couple can achieve peace-of-mind knowing that if something happened to one of them while their children are still young, life insurance could provide funding for future needs. - Permanent life insurance: Permanent life insurance policies, including whole life and universal life insurance, remain in effect at the same rate for as long as you continue paying your premiums. The younger you are when you begin these policies, the lower your premiums will be. These policies are significantly more expensive than term policies.
Many people prefer term life insurance policies because they allow you to raise your coverage amounts several times as your needs change. These policies build up cash values and can be canceled and cashed in at any time.
Find the Right Lowell Life Insurance Policy for You
Choosing the Lowell life insurance policy that best suits your coverage and budgetary needs can be complicated. Fortunately, you can depend on the honest and ethical help of an agent. A local independent agent can assist you as you determine how much coverage your beneficiaries need. With this knowledge, you can review the pros and cons of each of your insurance options so that you can make an informed decision.
Agents in our network have taken a pledge to provide exceptional customer service and honest, ethical advice. Because they have relationships with many different insurance companies, independent agents can provide a variety of competitively priced policies from which you can choose.
Contact an agent in your neighborhood today to receive more information and a selection of Lowell life insurance quotes.