To put it bluntly, you need to prepare for what will happen after you die. Life insurance protects your family and loved ones from financial harm if something happens to you. In most cases, you will hear people begin to talk about and consider life insurance when they begin to have families – but you can still purchase life insurance as a single individual. Life insurance policies can help you, your family and loved ones (designated beneficiaries) pay off a mortgage, afford college expenses, fund retirement, and help with estate planning and associated costs, among other things. It’s hard enough to plan a funeral for a loved one, planning ahead with Life Insurance can help ease those financial pains for your loved ones in case something happens to you.
No matter your age, it is never too late for Life Insurance. Majority of people begin considering or actually investing in Life Insurance as they enter their 30s. Typically, however, purchasing Life Insurance at a younger age will result in lower premiums than if you are older, but there is no consequence for starting a policy later in life. It is also important to note that age is not the only factor in determining your premium, it is also impacted by gender, health history, family health history, smoking, your occupation and more. See below for average premiums with regard to age and smoking status, and instructions on how to receive a FREE personalized quote.
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Automobile insurance protects you and your insured drivers financially if an accident or theft occur. Auto policies provide coverage to all named insured, or every driver listed for each vehicle, such as a spouse or children, or anyone who has permission from the insurance holder to operate the vehicle. Below are 6 common vehicle coverage options and what they cover:
Auto Liability Coverage – Most states require auto liability coverage and set minimum coverage amounts. This protects you from damages incurred in an accident such as injuring someone or damaging another vehicle or personal property.
Medical Coverage – Helps cover medical expenses for anyone injured while in the insured car, and protects you and named insured if injured in a car accident.
Uninsured Motorist Coverage – this helps cover costs of injuries incurred by another driver who does not have bodily injury liability coverage.
Underinsured Motorist Coverage – This helps cover costs of injuries incurred by another driver who does not have enough bodily injury coverage.
Collision Coverage – Helps cover the cost of damage incurred by accident from a collision, no matter who is at fault.
Comprehensive Coverage – This covers any accidental damages or loss with your vehicle due to several things including but not limited to, natural disasters, civil commotion, vandalism, falling objects, glass breakage, fire, and theft.
Federal law requires ALL drivers to maintain up-to-date car insurance, making it a good reason to have car insurance. You also need car insurance to protect you, your car, and your insured drivers from unforeseen events on the road – remember that you can only control YOUR vehicle on the road, so it’s a good idea to have something to help with the things you cannot control on the road.
Bodily Liability Coverage is required in the state of Missouri. It protects you if you are at fault for a car accident that injures another person by covering some of the injured person’s medical expenses, helps cover legal fees and protects you in the event the injured person sues you.
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