Affordable Life Insurance Protection for Your Family

Why Buy Life Insurance?

Reasons for Purchasing a Life Insurance Policy


If you’re considering the purchase of life insurance you may be wondering why people choose to get life insurance plans?

Well, it’s important to answer that question before you buy.


Why Do You Need Life Insurance?

There are several common reasons people like you may choose to buy a life insurance policy. Usually people want to help provide for their family after they are gone, or to pay for their final expenses.


Common Reasons to Buy Life Insurance on Yourself


  • To Pay for Final Expense Costs – Funeral, Burial, Hospital Bills, and Related End of Life Expenses.
  • To Pay Off Mortgage Loan
  • To Replace Your Income
  • To Provide for Child’s College Education
  • To Provide Money to Pay for Estate Taxes
  • To Provide for Your Family’s Living Expenses
  • To Provide for Your Spouse’s Retirement
  • To Leave a Legacy to Your Children and Grandchildren
  • To Leave Money to a Charitable Organization

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Common Reasons to Buy Life Insurance on Your Children


  • To Pay for Your Child’s Funeral and Burial Costs
  • To Guarantee Your Child Has Life Insurance as an Adult
  • To Build Cash Value Inside the Policy for Your Child’s Future


Common Reasons to Buy Life Insurance on Your Parents


Today, many adult children purchase life insurance plans on their elderly parents.

These insurance policies can help to make sure the money is there to guarantee your parents will have a respectful funeral and burial without any undue financial stress placed upon the family to come up with the funds needed at the last minute.


  • To Pay for Your Parents Funeral and Burial Costs
  • To Pay for End of Life Expenses – Hospital Bills and Credit Cards Debt

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Buy Life Insurance for Financial Obligations

  • College Loan
  • Auto Loan                                                                                 
  • Credit Card Debt
  • Personal Loans


Buy Life Insurance for Major Life Events


  • Death of a Loved One
  • Purchase of a Condominium or House
  • Promotion at Work
  • Engagement
  • Marriage
  • Birth of a Child
  • Adopting a Child
  • Becoming Legal Guardian of a Child 
  • Becoming Legal Guardian of a Handicapped Adult


Future Life Changes

As you grow older you may take on more financial responsibilities that require a greater need for life insurance coverage.

If you purchase a policy now you will be protected at a lower cost than waiting when you are older and the rate will be higher for you to get insured.

If you already own a policy, you may have the option of increasing your coverage amount without being required to take a physical examination.


Guaranteed Insurability

If you get a life insurance policy while you are young, you won’t have to worry about a change in your health when you need coverage later on.

If your health changes over time, you may find it more difficult, more-costly, or even impossible, to get insured due to health problems.

By purchasing life insurance while you are young and healthy, you guarantee you are covered later on when you have a greater need for life insurance. 


How to Save Money When Buying Life Insurance Coverage


There are several tips you can use to help you lower the cost of your life insurance policy, including the following:

  • Buy Now – Rates on life insurance increase as you get older.
  • Annual Payments – Paying premiums once per year instead of monthly will save you on the fee that is charged for the additional handling of your payment processing for monthly payments.
  • Get Healthy – Eat right and get regular exercise to improve your overall health.
  • Quit Smoking – Smokers pay up to 5-10 times more than Non-smokers.
  • Lose Weight – People who are Overweight or Obese are charged a higher rate.
  • Lower Cholesterol – People with High Cholesterol levels pay more for life insurance.
  • Use a Calculator – Use a life insurance need calculator to help you decide how much insurance you really need, so you don't pay for more protection than is necessary.
  • Choose Term Life – Permanent life insurance costs 2-5 times more than term life insurance. If you only need protection for a period of 30 years or less, term life may be a good option.
  • Compare Rates – Pricing on life insurance varies by insurer. Make sure you compare rates from multiple carriers before choosing your life insurance policy and carrier.


 Life Insurance Quotes

Top Pick – JRC Insurance Group

JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.


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Why Buy Life Insurance?

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