Customized Life Insurance
Life insurance is arguably the most important financial investment you can make in the lives of the people you love. We help you assess the various protections your loved ones need so you can feel confident that their financial security is taken care of.
Why Life Insurance?
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Customized Insurance Brokers has decades of experience providing life insurance coverage to diverse individuals. Tell us about your what you want to protect and we will find the perfect life insurance plan for your needs.
Financial security for your loved ones
Mortgage payment security
Retirement savings protection
Term life options
Whole life options
Universal life options
Is Life Insurance worth it?
Are you not sure if Life Insurance is right for you? Not sure what life events would qualify you for seeking a policy? Customized Insurance Brokers has partnered with LendEdu to help provide better education regarding life insurance so that you can better understand the risks, cost, and what it can do for you. Click the button below to learn more.
Life Insurance FAQs
Who Needs Life Insurance?
Your need for life insurance varies with your age and responsibilities. It is a very important part of financial planning. There are several reasons to purchase life insurance. You may need to replace income that would be lost with the death of a wage earner. You may want to make sure your dependents do not incur significant debt when you die. Life insurance may allow them to keep assets versus selling them to pay outstanding bills or taxes.
Consumers should consider the following factors when purchasing life insurance:
Medical expenses previous to death, burial costs and estate taxes;
Support while remaining family members try to secure employment; and
Continued monthly bills and expenses, day-care costs, college tuition and retirement.
What types of insurance can I purchase?
There is term and permanent insurance.
Term insurance generally has lower premiums in the early years, but does not build up cash values that you can use in the future. You may combine cash value life insurance with term insurance for the period of your greatest need for life insurance to replace income.
Term insurance covers you for a term of one or more years. It pays a death benefit only if you die in that term. Term insurance generally offers the largest insurance protection for your premium dollar.
Permanent insurance (such as universal life, variable universal life and whole life) provides long-term financial protection. These policies include both a death benefit and, in some cases, cash savings. Because of the savings element, premiums tend to be higher.
How much life insurance do I need?
You should ask yourself the following questions:
How much of the family income do I provide?
If I were to die, how would my survivors, especially my children, get by?
Does anyone else depend on me financially, such as a parent, grandparent, brother or sister?
Do I have children for whom I would like to set aside money to finish their education in the event of my death?
How will my family pay final expenses and repay debts after my death?
Do I have family members or organizations to whom I would like to leave money?
Will there be estate taxes to pay after my death?
How will inflation affect future needs?
Some insurance experts suggest that you purchase five to eight times your current income. However, it is better to go through the above questions to figure a more accurate amount. Here at Customized Insurance Brokers, we perform a detailed analysis given information you provide us to arrive at the amount of insurance you need to take care of your family in the event of your passing.