Abilene Life Insurance

Abilene, TX Life Insurance Buying Guide

This city was established by cattlemen as a stock transportation stop on the railroad, and today Abeliene is a bustling town that has evolved quite a bit. It has become the economic center of the part of Texas known as “Big Country.” If you are a resident or business owner here, you can protect yourself and your family with the right Abilene, TX life insurance.

Simply contact a local member agent in the Trusted Choice® network for assistance finding a plan that's right for your needs and budget. You can get personalized service and free competitive Abilene life insurance quotes from a variety of local companies, and the assistance you need to make the right choice for you and your family.

Sample Life Insurance Costs

  • Sample monthly premium for $500,000 of 20-year term life coverage for a 20-year-old female preferred risk non-smoker: $25.79
  • Sample monthly premium for $500,000 of 20-year term life coverage for a 35-year-old female preferred risk non-smoker: $35.69
  • Sample monthly premium for $500,000 of 20-year term life coverage for a 50-year-old female preferred risk non-smoker: $86.98

Why Life Insurance Premiums Vary Widely

Life insurance premiums vary based on your age, gender, your health and lifestyle and the amount of coverage you choose. As an example, if your initial premium quotes do not seem affordable, you can lower the coverage amount to make the premiums cheaper. You can also get quotes from other insurers for better Abilene life insurance rates.

The type of life policy you choose is also a big factor in the cost of life insurance premiums. A local independent agent can help you select the right coverage at a budget-friendly price.

What Are the Basic Kinds of Life Insurance?

  • Whole life insurance: Whole life policies are considered permanent since they do not have an expiration date. You can choose to keep the policy the rest of your life. Whole life policies can be used as a savings and investment tool since they accumulate tax-deferred cash value for the life of the policy. They also offer a guaranteed rate of return, guaranteed death benefit and a fixed insurance premium for the life of the policy.
  • Universal life insurance: Universal life policies are similar to whole life because they do not expire. They are more flexible but also more complicated than whole life policies. With universal life insurance, you have the option to increase or decrease your death benefit amount, and you have different premium payment options including one-time lump sum, periodic and variable payments.
  • Term life insurance: Term life policies are temporary, although some policies may last for years or decades. In their most basic form, these policies have no cash value after their terms expire. Term insurance can be a good option for younger people who need insurance but whose budgets may be limited.  They may also be ideal for older people who need a minimal amount of coverage. The cost of term insurance is considerably lower than that of permanent insurance, and the premiums are fixed for the term of the contract.

In addition to the basic kinds of insurance mentioned above, you can get accidental death insurance, which pays you or your beneficiary a benefit if you are killed or dismembered in an accident. Some companies offer insurance without requiring a medical examination, although this type of insurance will typically be more expensive. You can also find some variations and hybrid polices that may be suitable for your specific needs with the help of an independent insurance agent. The best type of Abilene life insurance for you depends on your goals and unique financial situation.

Who Purchases Abilene Life Insurance?

  • Americans who do not believe they have enough life insurance: 39%
  • Americans who purchased new individual policies in the U.S. in 2009: 10,139
  • Americans aged 25 to 34 with life insurance: over 50%
  • Americans under age 25 with life insurance: 18%

People from all walks of life and income levels buy life insurance, and they do so for different reasons. If you are your household's primary income earner, for instance, you may want to provide ongoing income and education costs for your family in case of your unexpected death. Or, you may want to buy life insurance to build cash reserves for future events or for retirement. Business owners can structure life insurance for business continuation.

You may be able to sign up for a group life policy through your employer, and this could be a simple and affordable way to get coverage. However, these policies may not be transportable if you ever change jobs or retire. That is why some employees decide to buy additional individual insurance.

If you run a local company, you may be interested in offering group coverage to your employees. You can also contact a Trusted Choice member agent regarding group insurance benefits for your business.

How to Compare Abilene Life Insurance Quotes

Buying life insurance does not have to be difficult if you consult a local member agent in the Trusted Choice network. These local independent agents can assess your family’s income needs and can help you compare multiple price quotes.

Get life insurance protection at an affordable price. Find the right Abilene life insurance by contacting a Trusted Choice member agent today.

Now, who's ready to get their insurance problems solved?