Life Insurance

O btaining a Florida life insurance policy will help secure your family’s future if you are no longer there to provide for them. While it is not a requirement, a Florida life insurance policy will give your family financial stability if you pass away unexpectedly. The most common causes of death in Florida are due to heart disease, malignant neoplasms, chronic lower respiratory disease, strokes and/or accidents/unintentional injuries. While the average life expectancy in Florida is 79.6 years, it is well advised to consider that sometimes lives are cut short due to fatal injuries or illnesses. With a life insurance policy, these worries will be diminished as you will be certain that your dependents will be compensated with financial stability.

How much you will have to pay for life insurance in Florida has many determining and varying factors which can include, but are not limited to:

The younger you begin a life insurance policy the more money you will have earned to benefit off of the best rates. The older you get, the harder it may be to afford a life insurance that will benefit your family.

Clearly, the less a policy costs, the less money you will have to pay. For example, a $20,000 life insurance policy will be far less costly than a million-dollar policy.

Depending on whether you choose a term life, whole life or universal life insurance policy, their costs and benefits will be different.

• Term life insurance policies are between 5-20 years and they only cover for a certain amount of time. While this option is the least expensive, the downside is that at the end of your policy’s term, you will no longer have coverage.

• Unlike term life insurance, whole life insurance does not have an expiration date. You can benefit the most from a whole life insurance policy if you begin at a young age because you will maximize your benefits. While this policy will provide you with longer coverage, it is more expensive.

• The other Florida life insurance policy option for you may be a universal life insurance. Similar to whole life insurance, a universal life insurance policy does not have an expiration date however, these policies do cost much more than term life insurance policies because they offer flexible premium payments and coverage amounts.

Tobacco users have a higher risk of health issues and untimely death. Consequently, if you use tobacco products, you can be expected to pay significantly higher rates than non-smokers.

The type of life insurance you qualify for is dependent on you and your family’s health history. Remember that the healthier you are the less coverage will cost.