Aurora is a lovely city that includes residents of four Illinois counties, including Kane, DuPage, Kendall and Will. Located just one hour from Chicago, this city is considered a Chicago suburb. Because residents can enjoy all the amenities of a large city while living with a small-town feel, many people find Aurora to be a great place to raise a family. If you are one of those people, you will want to protect your family with an Aurora, IL life insurance policy.
An agent in the Trusted Choice® network can assist you while you are shopping for a suitable policy. These agents can answer your insurance-related questions, offer you information and advice and can even provide you with a variety of competitively-priced Aurora life insurance quotes. Contact a member agent in your ZIP code today to learn more.
- United States life expectancy: males, 76.2 years; females: 81.3 years
- Illinois life expectancy: males, 76.3 years; females, 81.4 years
- DuPage County life expectancy: males, 79.6 years, females, 83.1 years
- Kane County life expectancy: males, 78.1 years; females, 81.4 years
- Kendall County life expectancy: males, 79.6 years; females, 83.1 years
- Will County life expectancy: males, 77.2 years; females, 81.2 years
Why Purchase Aurora Life Insurance?
Nobody likes to think about the possibility of an untimely death, but if you have loved-ones who are dependent on you, this is a possibility that must be considered. it’s a good idea to make certain that your family will be able to cope financially if you were no longer there to provide a source of income.
Life insurance can help support your family in ways you may not have considered. For example, the cost of infant childcare in the Chicago area can range from $500 to $1500 a month, sometimes more, which may be too much for a surviving spouse to handle alone. An Aurora life insurance policy can ease that burden.
Leading Causes of Death in Kane, DuPage, Kendall and Will Counties
- Total deaths: 12,541
- Heart disease: 2,850 deaths; 22.7% of total
- Cancer: 2,429 deaths; 19.4% of total
- Chronic lower respiratory disease: 627 deaths; 5.0% of total
- Stroke: 518 deaths; 4.1% of total
- Accidental Causes: 350 deaths; 2.8% of total
What Are the Aurora Life Insurance Policy Types?
When you decide to purchase a life insurance policy, you will have to select a policy type. There are two main types of life insurance policies to choose from:
- Term Insurance
- Permanent Insurance
Which policy is right for you depends on several factors including your financial situation, life circumstances and personal preferences. A Trusted Choice member agent can help you weigh the pros and cons of each so you can best decide on the right policy for you.
Understanding Term Life Insurance
Term insurance allows for high death benefits at a low rate. These polices are purchased for a given length of time, or term, that typically ranges from 5 to 30 years in duration. If you should pass away during the course of your term, your beneficiaries will receive funds in the amount of coverage that you purchased.
Term insurance policies have no cash value and leave policy holders without life insurance once they expire. However, for many this type of policy is ideal. For example, a young couple purchasing 30-year term policies could resonably expect that by the time the term expires, their children will be grown and their mortgage will be paid off, so a policy with a high payout will no longer be necessary.
Understanding Permanent Life Insurance
Permanent insurance, including whole life and universal life, will stay in effect for as long as you continue to pay your premiums. In addition to providing death benefits to your beneficiaries, these policies serve as an investment vehicle and hold a cash value. This means that you can close out your policy and collect cash at any time. Some policies will even allow you to take out a low-interest loan against your accrued value.
With most permanent life insurance policies, your premiums remain at the same rate for life. There are some policies, known as variable rate insurance, that are more customized to changing circumstances. You can discuss the various types of permanent life insurance with a Trusted Choice member agent.
How Do I Know How Much Insurance I Need?
The amount of insurance you need depends largely on your reasons for buying a policy. Those who have older children and have paid off the mortgage may need only enough insurance to cover burial costs, whereas those with young children and large debts will likely want to purchase a policy that will allow for financially comfortable lives for their families, including enough funds to cover college expenses or trust funds for the kids.
Funerals and burial expenses can run as high as $10,000. It is important to consider both the immediate and the ongoing needs of your loved ones when deciding on how much insurance to purchase. An independent agent in the Trusted Choice network can help you evaluate these needs when you are purchasing an Aurora life insurance policy.
Is Aurora Life Insurance Expensive?
The cost of a life insurance policy is dependent on many factors including:
- Your age when you purchase the policy
- Your health and your family’s health history
- Whether or not you are a smoker
- The type of policy you purchase
- The amount of coverage you purchase
In most cases, you will be required to complete a health questionnaire and a medical exam, including blood-work, before you can be approved for a policy or quoted an accurate cost.
The one thing you should keep in mind is that it is best to buy life insurance when you are young and in good health. When you buy a policy at a young age, you can secure a policy at a great rate for the rest of your life. Those who have been diagnosed with a fatal or chronic disease often find it difficult or impossible to purchase a life insurance policy that’s affordable.
Find Your Ideal Aurora Life Insurance Policy at a Great
RateWhen you are ready to purchase a life insurance policy, you can turn to an agent in the Trusted Choice network for guidance. Your local agent can help you assess your coverage needs and understand your many policy options. Because member agents work with a variety of insurance companies, they can present several competitively priced policies for your consideration.
All Trusted Choice member agents have signed a pledge to provide honest and ethical advice to their customers, and they consistently provide exemplary support and service. You can rest assured that your agent has your best interests at heart. Find an agent in your ZIP code today to start comparing rates on Aurora life insurance policies.