Naperville

Get a Great Rate on Naperville, IL Life Insurance

Find the right life insurance policy for you.

Money Magazine lists Naperville, Illinois among the best U.S. cities in which to live. With Chicago within commuting distance, residents of this vibrant Midwestern city can experience the joys of small-town living while still having all the social and cultural benefits of a large city. It is a great place to raise a family; the most recent census revealed more than 45 percent of households in this city include children. You can ensure your dependents have a secure future with a Naperville, IL life insurance policy.

Choosing the right policy for your needs at an affordable price is a lot simpler when you have help from an independent agent in the Trusted Choice® network. Member agents can provide you with the information you need to make an informed choice and help you compare a variety of competitively-priced Naperville life insurance quotes. Contact a local member agent today for personal assistance.

  • DuPage County life expectancy: 79.6 years
  • DuPage County females life expectancy: 83.1 years
  • Illinois males life expectancy: 76.3 years
  • Illinois females life expectancy: 81.3 years
  • U.S. males life expectancy: 76.2 years
  • U.S. females life expectancy: 81.3 years

Not only is the life expectancy in this county better than the rest of the state and the U.S. as a whole, it is also the highest of all the counties in Illinois. It is still a good idea to be prepared for unforeseen circumstances, even if the statistics look positive.

Who Needs Life Insurance?

Statistically speaking, you are very likely to live a long and productive life. However, an unexpected diagnosis or accident can occasionally cut a life short. You may be wondering how your loved-ones and dependents would fare financially if that happened.

Life insurance is a very flexible tool for planning. For those without dependents, a small life insurance policy can provide the funds necessary for burial costs and settlement of your estate. For those who are married, a larger policy can provide enough coverage to pay off your mortgage and ensure that your spouse does not suffer undue financial hardships. Most importantly, for those with children, a life insurance policy can provide for their future, proper care and education.

Leading Causes of Death in DuPage County in one year

  • Total number of deaths: 5,632
  • Cancer: 1482 deaths; 26.3% of total
  • Heart disease: 1,275 deaths; 22.6% of total
  • Stroke: 306; 5.4% of total
  • Chronic lower respiratory disease: 290; 5.1% of total
  • Alzheimer’s disease: 218; 3.9% of total
  • Accidents: 174; 3.1% of total

When Should You Buy Life Insurance?

It is never a good idea to procrastinate when it comes to life insurance. Life insurance policies are always more affordable if you buy coverage when you are young and in good health. It is best to lock in great rates at a young age.

If you wait too long to purchase a policy, you may find it difficult to find an insurance company that is willing to cover you. Those with chronic diseases often discover that it is difficult to get the life insurance coverage they need at an affordable rate. Getting coverage while you are in good health can help you lock in better rates and ensure that you won’t be denied coverage. An independent agent in your area can be a great resource. These agents can help you compare Naperville life insurance policies and make the right choice for your needs.

What Is the Most Affordable Type of Life Insurance?

The least expensive type of Naperville life insurance is term insurance. Term life insurance covers you for a specific period of time, such 10 or 25 years, and pays out death benefits to your beneficiaries if you pass away during the term. Once the term is up, your policy expires. At that point, purchasing an additional policy could be far more expensive, so it is important that you purchase your coverage for a term that will adequately cover you when you most need it..

Term insurance may be suitable for individuals who want to purchase a lot of coverage at a low rate and only need the policy in place for a specific number of years. Death benefits can cover such things as income replacement, debts, and burial expenses.  They can also provide for your spouse and children. There are three kinds of term life insurance policies:

  • Level term
  • Decreasing Term
  • Increasing Term

Most people elect to purchase level term coverage, but for those who expect their life situations to change drastically over the term of their policy, other option may be more suitable. To best understand how these policies can work for you, you should discuss your needs with a Trusted Choice independent insurance agent.

What Are the Benefits of Permanent Life Insurance?

Permanent life insurance policies differ from term policies in that they can provide more than just death benefits for your beneficiaries. Permanent life options have a cash savings and investment component that builds up over the life of the policy. Additionally, permanent life insurance does not expire. You can maintain coverage at your quoted rate for as long as you continue to pay your premium.

While more expensive that term insurance, this type of policy can be advantageous if you expect to need coverage for your entire life and are looking for a means to save money for the future. Because these policies carry a cash value, many insurers will allow you to borrow against the investment portion of the policy in the form of a low-interest loan, or you can close out the policy entirely and take the cash value.

There are three main types of permanent insurance:

  • Whole life
  • Universal life
  • Variable life

There are many variations inherent with permanent life. Because this is a long term investment, you are best advised to discuss your insurance needs with a financial advisor or an independent insurance agent in order to make an informed choice.

Find an Ideal Naperville Life Insurance Policy

When you are ready to purchase a policy, you can save yourself time and confusion by working with a Trusted Choice independent agent. Agents in the network have relationships with several insurance companies so they can easily provide you with quotes a variety of policies in all coverage types.

In addition to providing Naperville life insurance quotes, your local agent can review your other insurance policies, such as car and home insurance, to ensure that you have proper coverage at a competitive rate. Contact a member agent in your ZIP code today to learn more.

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