Life Insurance
What is Life Insurance?
- A safeguard for your loved ones when you pass away
- A tax-free and probate-free lump sum to your designated beneficiary upon your passing A protection plan against financial deficit for your family
Types of Life Insurance:
- Whole life, term life, and universal life
- Each type has differences in cost, benefits, and coverage
Things to keep in mind with Life Insurance:
- Many people may not have the coverage they think A previous agent may have misled them while the facts of the contract say differently
- Many people do not review their coverage annually and have an outdated beneficiary listed
- Many people do not have a plan in place until it is too late
- Age, gender, and health conditions all factor into what products are available and the cost of the premium
If you said ‘Yes” to any of these questions, look into some form of Life Insurance coverage!
How do I know I need Life Insurance in Retirement?
People don’t think they need coverage if…
- house is paid
- low to no debt
- kids are grown
- how will the loss of their income affect their spouse?
- how will their family come up with the money to pay the costs of your funeral, burial, or cremation?
- how they can use Life Insurance tax benefits to help with estate planning
- how to leave a legacy to their grandchildren
What if I have Life Insurance through my employer?
People don’t realize…
- if they lose their job, retire, or quit, they’re more than likely to give up their coverage
- the premiums are much higher the older they are and the more health challenges they have
- the importance of reviewing their current coverage
At KRS, we help customize a tailor-made plan, specific to you and your family’s needs. We shop around to find you the right coverage at the best price. Schedule your free consultation today!
Types of Life Insurance
Term life insurance provides coverage for a set period of time, usually 10-30 years. If you die during that time period, your beneficiaries will receive a death benefit. If you live past the term, the policy expires and you are no longer covered
Whole life insurance covers you for your entire life as long as you continue to pay premiums. It also includes an investment component, known as the cash value, which builds up over time and can be accessed through loans or withdrawals.
Why You Need Life Insurance
You may not think you need life insurance, but there are many reasons to consider it.
If you have a spouse or partner, children, or other dependents, life insurance can provide for them if you die. Even if you are single and have no dependents, life insurance can be used to cover final expenses, such as funeral costs and outstanding debts.
Questions About Your Life Insurance
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Life Insurance
What our clients have to say about working with us
Jane, S.
“Hey, I just wanted to take a moment and say a huge thank you to the KRS Insurance team. You know, picking the right Medicare package was feeling like a mountain to me. But you all just…you made it so simple. I spoke to Anne, and she was like a friend, patiently walking me through everything, answering my endless questions without a hint of frustration. And now, I’ve got a package that I understand and, more importantly, that I’m confident in. It’s such a relief knowing I’m in safe hands. So, from the bottom of my heart, thank you, KRS. You folks are lifesavers!”
Gary, S.
“Hi KRS Team,
Just a quick note to say a massive thank you! After that storm damaged my car, I was so stressed. But Mike and the team made the claim process incredibly easy and stress-free. You covered the costs quickly, no hassle, no endless paperwork. I’m so grateful for your genuine care and support. You’ve definitely got a customer for life!
Warm regards, Gary”
John, I.
“Hello Jim,
A quick note to say thank you for the unexpected discount on my house insurance! It’s great to feel valued as a long-term customer. Your kind gesture has truly made my day and reaffirmed why I’ve chosen KRS all these years.
Warm regards, John”
Susan, K.
“Hi Mary,
Thank you so much for helping me pick my Medicare plan! You made everything easy to understand and I’m happy with my choice. Really appreciate your help!
Thanks again, Susan”
