We know you can’t put a dollar amount on your family, but you can ensure their future is protected. And though costs are a real concern for most people considering life insurance, it never costs as much as you think.
At Blue Ridge Risk Partners we know taking care of your loved ones is important to you. That is why we have partnered with Ladder to bring you term life insurance to help meet your financial needs. Ladder offers $100K-$8M in term life insurance coverage for people ages 20-60. The application takes five minutes from start to finish, and is 100% digital — no doctors, no needles, no paperwork — when you apply for $3 million in coverage or less. Just answer a few health questions on the application to see if you are instantly approved and there's no hidden fees.
Things to consider when you are determining the amount of life insurance you may need:
• Assessing health to determine life expectancy when choosing life insurance.
• Examining financial situation and lifestyle expenses to determine amount of coverage needed.
• Taking into account family structure to choose the ideal type and amount of life insurance.
What is life insurance? Life insurance provides financial protection for your family in the event of your passing.
Whole life insurance, also known as permanent life insurance, lasts a policyholder’s whole lifetime, provided required premiums are paid. This is in contrast to term life insurance, which is in force for a specified period of time.
Term life insurance is surprisingly affordable – especially for young people who are healthy. Rates are tied to risk factors, such as age, sex, weight, smoking and known diseases.