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We understand the importance of planning for a future when you are no longer there to help support your family. Selecting the right life insurance for your needs can be a daunting task, and we have a host of life insurance products to help you and your family meet your life insurance needs. Whether you have just started your family or your children have left the nest, we can help provide the right life insurance for your circumstances and budget.
Who needs life insurance?
The Family Breadwinner If anyone relies on your financial support, you need life insurance beyond what may be offered through your employment. Life insurance policies through your work typically cannot be taken with you if you change jobs. Those policies are usually only about 1-2 times your yearly salary, which isn’t enough to cover burial expenses and help your loved ones seek new ways to replace your financial support while they are grieving. The industry standard of recommended coverage is at least 10-15 times your yearly income. It is essential to carefully consider the quality of life your desire for your family.
A Non-working Spouse Married couples often decide to purchase life insurance only for the breadwinner in the family, but what if something were to happen to the care-giving spouse? The surviving spouse would have to struggle through with loss of their loved one and have to hire someone to come in and care for the children and the home.
Children and Grandchildren No one ever wants to think about the death of a child. When it does happen, we don’t want to have to worry about how to pay for burial expenses while dealing with our grief. This is why we ask everyone to consider their family’s life insurance situation, even for children. Knowing that you our your loved ones have a life insurance policy that makes it easier to pay the bills and give you some time to heal when you need it most.
Business Owners Business partners and owners need life insurance to protect their businesses and their personal lives. Business owners need to prepare for the possibility of unexpected events, so their heirs or surviving partners will be able to meet the financial obligations of the business or have the funds necessary for a buyout of stockholders or other partners.
Imperfect Health? If you’ve been turned down (or haven’t even applied) for life insurance because of imperfect health, we can make it easier to get the coverage you need. With no medical exam and just 3 health questions, you may be eligible for up to $20,000 of whole life insurance.
- Most people from 45-80 living independently qualify.
- A whole life policy builds cash value, allowing you to borrow against it to cover unexpected expenses.
- Your premium never increases, and you stop paying at age 100!
Taking the time now to plan for the future can give you the peace of mind of knowing you are doing all you can to protect those most important to you.
Life Insurance is by far the most important product we offer at Mike Schmisek Insurance Agency, Inc. We are here to make sure a tragic accident doesn’t turn into a financial burden. The largest hit a ffamily can take, both emotionally and financially is losing the life of a family member. We have many products available to help a grieving family replace income, pay for final expenses, leave a legacy or solve estate tax problems. We offer term insurance policies as low as $75,000 in coverage and up to multi millions in coverage. We also offer various forms of whole life insurance, with death benefits as low as $5,000 and up to any amount you potentially require. Purchasing a life insurance policy should be an easy process. We pride ourselves in being convenient. If you require an exam, we will gladly send out examiner to your home or business and most policies can be fully applied for over the phone.