Wisconsin provides residents with a full life. You can enjoy downtown Milwaukee, or head to rural areas and take in the beautiful countryside. If you live in Wisconsin with your family, it’s important to consider the effects your death has on the people you love. Make sure their financial future is protected by purchasing Wisconsin life insurance.
You can’t know when your last day will be but, when it happens, a Wisconsin life insurance policy can help your family navigate the grieving process without having to worry about financial matters.
If you’re young, purchasing life insurance may be a wise idea, especially if you opt for a permanent policy, and lock in a low rate for the rest of your lifetime. Rates are inexpensive for the young, and depending on the type of policy you acquire, you may have time to accrue a significant cash value on your policy.
Once you have a family, life insurance is a product that shouldn’t be bypassed. The right policy can pay for your children to attend college, pay off your mortgage, and support your spouse through the transition process, or retirement.
Nearly 50% of all Americans die without any life insurance coverage, and many cite price as a reason for not purchasing a policy. Don’t let an expensive policy stand in the way of your family’s financial protection. Term life insurance provides a significant death benefit, at an affordable price. You purchase the policy for a specific amount of time, locking in a rate for the duration, which can be from 5 to 30 years.
If you pass away during this time period, your family receives the specified death benefit, which can reach over $1 million, depending on the policy you choose. This can be especially good for covering your working years, while your children are young and dependent on your income. However, the policy becomes more expensive to renew each time a term ends, because term life insurance rates tend to grow as you age, and as your health declines. For this reason, you may wish to purchase a permanent life insurance policy instead of term life, and lock in the rate that is available to you at your current age.
This type of policy differs from term life in several ways.
There are two popular types of permanent life insurance policies:
To find out which Wisconsin life insurance policy is right for you, contact a Trusted Choice® member agent. An independent agent can compare policies and Wisconsin life insurance quotes to find what works for you. If you want to change or update your policy later in life, your local agent can help. Contact an agent near you to get a life insurance policy today.