Protect What Matters Most!
Revealing the Numbers: Vital Life
60%
of Americans have life insurance
70%
of women with life insurance feel financially secure
44%
of Americans view life insurance as income replacement for their families should anything happen to them
50%
of people said they'd be more likely to buy life insurance if it didn't require a medical exam
Life insurance is (probably) cheaper than you think.
If you think you can’t afford life insurance, that’s likely not the case. One of the many myths that persist about life insurance is the belief that it’s cost-prohibitive. In reality, the average cost of life insurance in 2023, according to Policy genius, is $26 per month.
Life insurance is most likely tax-free.
You don’t have to worry about your partner, children or other beneficiaries being taxed on a life insurance payout. The proceeds a beneficiary receives from the death benefit of a life insurance policy are generally not includable in gross income and don't have to be reported to the IRS
Covering funeral expenses is the most popular reason people buy life insurance.
Life insurance is an incredibly personal topic and people buy it for all kinds of reasons, but the top reasons are:
*Covering burial and final expenses
*Helping replace lost wages/income
*Transferring wealth or leaving an inheritance
Life insurance may get more expensive as you get older.
Some people think they don’t need life insurance because they’re young and healthy, but that’s exactly why they should get covered now. The younger you are, the lower your premiums will likely be. For instance, if you’re a healthy female seeking $1,000,000 of coverage for 20 years, a term life insurance policy cost could increase as much as 278% between age 30 and age 50.
Plan for Tomorrow, Act Today.
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