Life Insurance Quote Forms
Looking for coverage? Click any of the following links to submit a quote for quick, accurate and affordable rates.
Life Insurance Information
Life insurance is one of the most crucial policies to help keep your family financially protected. Thinking about your death can be stressful, but what can be more stressful is not knowing whether or not your family will be able to afford to live without your income. Our Saratoga Insurance Brokers agents are here to help you navigate policy coverage today.
What Is Life Insurance and How Does It Work?
Life insurance is a way to keep your loved ones financially protected when you pass away. You’ll pay the insurer a regular premium, usually monthly, in exchange for coverage in the event you pass away. This coverage is commonly referred to as a death benefit, and it will be paid out to your listed beneficiaries after your passing.
Although there are many types of life insurance, most policies fall into two categories:
Term policies provide coverage for a certain length of time, such as 10 or 20 years. If the insured person dies during the term, the policy can pay the death benefit to the beneficiaries.
Permanent policies, often called whole life policies, typically cover the policyholder for the rest of their life. In addition to providing a death benefit, permanent policies may accumulate a cash value. The policyholder may be able to borrow against or withdraw money from the cash value. They may also be able to use it to pay future premiums.
Work with a Saratoga Insurance Brokers agent to determine which type of policy may be right for you.
What does a life insurance policy pay for?
Before applying for life insurance, you should assess your financial situation to determine how much money your beneficiaries would need in the event of your passing to continue living comfortably. You’ll want to consider whether there are specific goals (e.g., a child’s college fund) or obligations (e.g., mortgage or outstanding debts) that your loved ones will need to pay for after your death.
What is the average life insurance cost per month?
The average life insurance cost per month will vary based on various personal factors. After determining how much coverage you need, you will want to prepare your application which will consist of some of the following:
Age: This is the most important factor as life expectancy is the most significant risk for your insurance company.
Gender: Women statistically live longer and generally pay lower rates than a male of the same age.
Smoking: A person who smokes is at risk for many health issues that could shorten life and increase risk-based premiums.
Health: Medical exams for most policies include screening for health conditions like heart disease, diabetes and cancer.
Lifestyle: Dangerous lifestyles can make premiums much more expensive.
Family medical history: If you have evidence of major disease in your immediate family, your risk of developing certain conditions is much higher.
Driving record: A history of violations can dramatically increase the cost of insurance premiums.
After doing your research and submitting your application, you can determine which policy is right for you. The application you fill out includes the factors that will affect your premium. To receive an accurate quote or discuss your application further, you should reach out to an agent.
Apply for Life Insurance Today
At Saratoga Insurance Brokers, we understand how crucial life insurance coverage is and how stressful thinking about coverage can be. Our agents are here to help answer further questions or to get you started with a policy. Reach out to an agent today to discuss a life insurance policy in your future.