Life Insurance Quotes Over 40 – Remember playing The Game of Life board game in your living room as a kid? The goal of the board game was to score points (and avoid losses) by achieving certain life milestones (such as going to college, buying a house, and having children) while avoiding others (think car accidents and burglaries). .
Although dealing with the ups and downs of real life isn’t as easy as turning a wheel and following a set path, there are certain stages in our lives that require us to think about protecting ourselves, our family members, and our possessions.
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From buying your first apartment (don’t forget renter’s insurance) to handing over the keys to your first car (car insurance) to starting retirement (Medicare and long-term care insurance), the stops on the journey can be different or happen at different times for different people. people, but one thing that is consistent is the need for protection.
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Insurance is not only a way to protect ourselves, our family members and our assets from loss, but finding the right independent insurance agency – insurance – can be a protection for everything in our life.
Insurance is protection against the unknown of life. With so many types of insurance coverage, when in life should you think about which one? To make it easier for you, we’ve organized them for you, from getting started on your own to getting your kids a driver’s license.
You’re finally moving out of your parents’ house and you’ve signed a lease – what’s your first step? If you’re renting an apartment (or house), renter’s insurance should be your next priority.
Water damage, fire or theft can all happen to a tenant. Although your landlord has their own insurance that covers the structure of the building, it does not cover any of your belongings inside that are damaged or stolen.
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On the bright side, renters insurance is usually very cheap and easy to get. Contact your insurance agent to get a quote for renters insurance.
Now that all your belongings are safe, it’s time to think about your car. If you have your parents’ car insurance, it’s usually time to change it.
After your 20s, you may feel more stable in your 30s. If you’ve found “the one” and are about to get engaged or married, planning goods insurance or jewelry sales are essential. Learn more about estate planning.
You may also be considering purchasing your first home, where homeowners insurance is a necessity. If you are looking to add more members to your family, a good life insurance policy can provide protective coverage for your new members.
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When you turn 40, you may want to consider buying an investment property or buying a second home. We recommend protecting your new assets in the event of loss by adding umbrella insurance. As you continue to grow in your career, you may want to consider starting your own business. You will need business insurance coverage for this. Business insurance is necessary to protect yourself and your employees.
After a successful business or career, you may find yourself enjoying your free time by purchasing a new travel van or the boat of your dreams. But before you take your new RV across the country, you’ll want to consider purchasing recreational vehicle insurance.
It’s time to celebrate as you enter your fifties – you’ve made it this far and retirement is on the horizon! Soon it will be time to sit back, relax and not worry about going to work. But before you retire, you’ll want to consider long-term care insurance.
Now that your children are growing up, you will also begin to see new goals for them. When they become teenagers and start driving, you’ll want to confirm they have umbrella insurance to ensure they’re protected as well. Be sure to include them in planning insurance decisions and share the knowledge you’ve gained over the years as they begin to prepare for their game of “life.”
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Congratulations! You just retired! And now: travel the world? Taking the camper on a summer road trip with the grandkids? Before you start checking off the items on your wish list, make sure you’re enrolled in Medicare, the important health insurance program for those over 65. We also encourage you to familiarize yourself with the different parts of the Medicare insurance program, especially Part D. Part D covers all of your prescriptions.
Understanding the different coverage options and what each one means is an important step. Talk to your insurance agent – we’re here to guide you through the process!
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Any cookies that may not be particularly necessary for the website to function and are used specifically to collect user personal data through analytics, advertising and other embedded content are called non-necessary cookies. You must obtain user consent before running these cookies on your site. What would your loved ones do if you were no longer around to provide for them financially? If your family depends on your income to make ends meet, or if your income helps support your family’s standard of living, you can invest in life insurance.
However, there are some things you need to know before choosing a life insurance policy. You will need to determine the type of life insurance policy you need, such as term life insurance or whole life insurance. It is also important to know the various factors that can determine your life insurance premium. In the infographic below, we take a closer look at some important facts about life insurance. And remember, if you’re looking for a life insurance provider in South Africa, it’s a good idea to do your research before making a decision. Fortunately, you can easily compare prices on different life insurance brands.
Term life insurance offers coverage at a fixed rate for a temporary period of time. If you die during your chosen policy period, your beneficiaries will be paid a lump sum.
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Whole life insurance offers permanent coverage and includes an investment component. This means that you will receive a payout if the policy is cancelled. When you die, your beneficiaries will receive the amount.
If you are overweight or have a pre-existing medical condition, you may pay a higher premium than the average person because of your risk profile.
Smokers are likely to incur higher insurance premiums than non-smokers. Most life insurance providers, however, will reduce your monthly premium if you quit smoking.
If you are a firefighter or work in the mining industry, you may pay a higher premium as some life insurance providers charge more if you do high-risk work.
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Life insurance offers financial protection to your dependents and can help your family pay security or rent, cover education costs, pay for funeral expenses and pay off outstanding debts. Bob is 25 years old. He likes to drink lager and likes to moisturize his beard with special oils that he buys online.
Bob also really likes Nickelback and Coldplay, but he can’t say it out loud because it’s not cool. Bob did some reading and decided to get his personal finances in order, and at the top of his list was life insurance.
He looked at his options and decided that term life insurance made sense. You might think Bob is a little crazy for life insurance at his age, but he plans to propose to his longtime girlfriend, settle down, and have kids.
Now, he says, it’s time to fix it. And he’s not wrong: getting life insurance when you’re young could save you a lot of money in the long run.
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Life insurance (and insurance in general) involves risk. Basically, you submit a claim form and the insurer considers the likelihood of your death during the policy. They then set your premium (how much you pay) based on that.
You will pay more if you smoke, are older or if you are not in the best of health
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