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A little thing called life (insurance): December 2021

A digestible series on commonly asked questions about Life Insurance.

This issue we cover Key Person Life Insurance, Mortgage Life Insurance, and Life Insurance Exams.

What is Key Person Life Insurance?

A key person policy is a policy that a company buys on the life of an executive, owner, or significant employee who brings such value that it would greatly impact the firm should that person die.

What is Mortgage Life Insurance? Mortgage life insurance is a policy designed based on the amount owed for a mortgage. The amount of insurance decreases as the amount of your mortgage is being paid down. However, typically your premium does not decrease. Please do your research. There are better options.

Do I have to have an exam in order to qualify for life insurance?

Not always. It depends on the face amount of the policy, your age, health, and driving record. Not every insurance firm offers a non-exam life insurance product so again do your research if that is important to you.

Hi! I am Pamela Warrior, your Life Insurance and Financial Services Director at the Purcell Insurance Agency. I have spent over 15 years honing my skills to assist families with life insurance, retirement strategies, and general investments. I love working with all stages of life, from young families eager to start planning for their future to CEOs strategizing their career exit and retirement distribution. This work is incredibly important to me and I take your family's future to heart. To learn more, I invite you to click contact us or call my office number at 303.973.8341. I look forward to it.

Pamela D. Warrior

Regional Director, Life & Financial Services

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