Find the right life insurance policy for you.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

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.


Massachusetts is a lovely state in which to live and raise a family. The city of Springfield has many great schools, museums, cultural events, and festivals. Unfortunately, while life expectancy in this state is higher than the national average, Springfield residents suffer premature deaths at a higher rate than anywhere else in the state. Chances are extremely good that you will live a long and prosperous life, but in the event that an unexpected illness or injury leads to your early demise, your family will be protected financially if you have a Springfield, MA, life insurance policy in place.

There are different types of life insurance policies, so deciding which is right for you can often be confusing. An independent insurance agent in our network can help you find an ideal policy that can best meet your personal needs. Independent agents work with several different insurance providers, so they can easily provide you with competitively-priced policies from which to choose. Contact an agent today to find Springfield life insurance quotes that meet your needs and budget.


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Why Purchase Springfield Life Insurance?

It is not pleasant to think about your own death or the possibility that your life might suddenly be cut short. However, if you have people who are dependent on you financially, it is essential to consider how they would manage in your absence. Springfield life insurance can provide financial stability for those you leave behind.

You must also consider how much coverage you will need to protect your family and help cover your end-of-life costs. A low-coverage policy may provide enough to cover final expenses, while a high-coverage policy has the potential to allow your spouse to pay off the mortgage and send your children to college. Before you purchase a policy, think about your current and upcoming expenses, and make sure that your policy is can adequately cover them.

Springfield, MA Premature Death Rates

  • Springfield has the highest premature mortality rate (PMR) in the state
  • In recent years, 626 Springfield residents under the age of 75 passed away
  • This equates to 472.9 deaths per 100,000 persons under 75
  • By comparison, the state of Massachusetts has a PMR of just 295.4

When it comes to life insurance, procrastination is never a good idea. The longer you hold off on purchasing a life insurance policy, the more expensive your premiums may be. Locking in rates while you are still young and in good health can be quite advantageous in the long run. Though life insurance may seem unnecessary now, tragedy can strike at any time. Being prepared for the unexpected is an important step toward securing the future of your loved ones.


Save on Life Insurance

Our independent agents shop around to find you the best coverage.

Five Leading Causes of Death in Springfield

  • Heart disease: 301 deaths
  • Cancer, all types: 283 deaths
  • Lung cancer: 85 deaths
  • Breast cancer: 20 deaths
  • Stroke: 56 deaths
  • Chronic lower respiratory disease: 50 deaths
  • Complications related to diabetes: 42 deaths

Often, the diagnosis of a life-threatening disease is sudden and unexpected. If you wait until you are sick to start looking into life insurance, you may have a very difficult time finding the right coverage. In many cases, people with life-threatening illnesses find that they are unable to find an insurance company that will sell them a policy at a rate they can afford. This is one of the many reasons why it is a bad idea to delay obtaining a Springfield life insurance policy.

Springfield Life Insurance Policy Options

There are three main types of life insurance policies from which you can choose. The policy type that is best for you depends on your unique life situation, financial situation and personal preferences.

  • Term life insurance: Term life covers a given number of years. Terms usually range from 10 to 30 years. Once the term is up, the policy is no longer in effect. These policies are a good way to protect your family while your kids are young. Most people buy these policies expecting that their mortgage will be paid off and their children will be on their own when the term is up, so there is less financial strain on the household.
  • Whole life insurance: The payments you make toward your whole life insurance premiums are invested, and a portion of those payments build up a cash value that you can cash in at any time. If you keep the funds in the account, it will build up to serve as a payout to your beneficiaries after your death. These policies tend to be significantly more expensive than term life insurance, but so long as you keep up your payments, they do not expire. You also have the option to purchase additional coverage if your beneficiaries’ needs change.
  • Universal life insurance: Universal life is a flexible permanent insurance policy that combines the benefits of term and whole life insurance. Your premiums will accrue cash value and you can take out low-interest loans against them. You also have the option to pay more than your scheduled premiums or even use your accumulated earnings to cover your premium costs if you are short on funds at any given time. These policies typically cost more than term insurance but less than whole life insurance, and they do not expire.

Find a Springfield Life Insurance Policy for Your Needs

For many, making the decision about whether to go with a permanent or term life policy can be difficult. An independent insurance agent in our network can provide you with enough information to ensure that you make an informed selection. Member agents can provide you with a variety of quotes for each type of insurance, which can help you make direct comparisons between your many options. All of the agents in our network have taken a pledge to provide outstanding service and honest, ethical advice. With offices in more than 27,000 locations nationwide, it is easy to find a member agent in your neighborhood. 

Contact a local insurance agent and start comparing Springfield life insurance quotes today.

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