A digestible series on commonly asked questions about life insurance.
How does life insurance work?
Typical term life insurance pays a death benefit to your loved ones, favorite charity, or church, which can help replace your lost income to pay for remaining debt or continued contributions. Accelerated underwriting (pared down physical) is an option depending on the face amount.
Permanent policies have innovative features such as; chronic illness riders (think of something similar to long term care), potential cash accumulation (to be used while you are alive) & range of premium (fit your budget).
How are life insurance rates determined?
The top three (3) factors are age, gender, and health. Other factors: family health history (are there certain potential hereditary health concerns), driving record (DUI's, careless driving), tobacco use (cigarettes, electric devices, chew, nicotine patch), high-risk hobbies (hang gliding, jumping out of airplanes, bungee jumping), and high-risk occupations (police officers, firefighters).
Pamela D. Warrior
Regional Director, Life & Financial Services
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.