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Take Care of Those You Love This February

28 February 2024

February is a month of love and appreciation. From romantic gestures on Valentine’s Day to spending time with those you love, this month is a great time for reflecting, celebrating, and sharing. During this meaningful time, there’s another aspect of love that often takes a backseat in relationships until it’s a challenge: finances.

Creating a foundation of stability and security for you and the ones you love is important. In love, finances may not spark the same excitement as planning a surprise date or buying the perfect gift, but they are an expression of commitment and responsibility.

Use this February as an opportunity to reflect on the stability and security you’ve created for you and your family. It is an excellent time to revisit your insurance protection, especially life insurance.

Assess Your Needs

Before diving into the world of life insurance, take a moment to assess your needs. Do you currently have a policy? Has your standard of living increased since you first took it out? Has your marital status, family size, or other life circumstances changed? Have you prepared your family’s financial future for when you pass?

Life insurance is a safety net to help the named beneficiaries maintain their lifestyle following your passing. Assessing your current needs can help you determine what would be the appropriate coverage amount and type of policy.

Types of Life Insurance

Life insurance comes in various forms. What is best for you will depend on your unique situation. Our licensed agents can help discuss your needs to determine what type of policy might be good for you. Call us at (844) 358-5605 or email agent@insureonline.com to start the conversation today.

Life insurance comes in two primary types: term life insurance and whole life insurance.

  • Term life insurance provides coverage for a specified period such as 10, 20, or 30 years.
  • Whole life insurance offers lifelong coverage and a cash value component1.

Knowing the differences between the two can help you make a better buying decision when shopping around for life insurance policies.

Affordability and Budgeting

While getting enough coverage is important, it’s equally important to find a policy that works within your budget. Choosing a plan that is a good balance for you – fits within your budget and provides adequate coverage—can be a challenge. Life insurance is a long-term commitment, so a sustainable premium payment is key.

Sometimes it’s helpful to talk to an expert in the area of life insurance to really go in-depth on all your coverage options and discuss what makes sense for you. Call us anytime at (844) 358-5605. Our licensed agents are happy to help you figure out what’s good for your budget.

Additional Coverages and Benefits

Some life insurance plans come with optional coverages and additional benefits that can enhance coverage. Examples include critical illness, which provides a lump sum payment upon diagnosis of a covered illness, or disability, which offers financial support if you become disabled. These are just some of the options an insurance company may offer to help you tailor your coverage.

Reviewing and Updating Your Policy

Life circumstances change over time. Regularly reviewing and updating your life insurance policy is essential. Marriage, the birth of a child, or purchasing a home may all be good times to review your coverage. Keeping your policy current ensures it will continue to meet the ever-evolving needs of you and your loved ones.

Get Life Insurance Coverage Within 20-Minutes

InsureOnline.com's partner, Encova Insurance, provides real-time, 20-minute life insurance without blood work or medical exams.

Encova, who merged with Pan-American Life Insurance Company2, is a one-stop shop for your life insurance needs. Encova’s Real-Time Term life insurance may be the perfect product for busy individuals who want coverage without the wait.

Why Real-Time Term** with Encova Insurance?

  • Coverage of $25,000 to $500,000
  • No blood draw or medical tests required
  • Immediate notification if approved
  • The ability to have a face-to-face conversation with a real, live life specialist if desired
  • Online application with 12 questions

February is a time to celebrate love in all its forms, including the love we express through responsible financial planning. Secure your loved ones’ future through thoughtful life insurance choices. With an honest assessment of your needs and thorough exploration of life insurance options, you can provide financial protection as your final act of love.

About InsureOnline.com

InsureOnline.com is a digital insurance agency that provides affordable insurance to consumers who want to shop and purchase insurance online while still having the option to work with an agent if they wish. The agency offers auto, home, life, health, and commercial as well as other specialty lines of insurance. Our goal is to provide an easy, fast, convenient, and safe online shopping experience for consumers looking for the best price by utilizing all the latest and greatest technology. Based in Bedford Park, Illinois, we are licensed to write business in many states and have a multilingual staff licensed and certified in a variety of insurance lines. We partner with many highly rated insurance companies to provide the best insurance solutions to meet your individual needs and your budget. Buy insurance online or talk to a licensed insurance agent! It’s your choice.

For information and quotes on insurance coverage, please visit InsureOnline.com or call (844) 358-5605.

The general and educational information here supports the sales, marketing, or service of insurance policies. Individuals should seek advice from their own qualified and duly licensed independent tax or legal advisors based upon their own particular circumstances.

1 Any outstanding loans or indebtedness at time of death will be deducted from the death benefit. Withdrawals and loans will lower a policy’s account value and death benefits, may have tax implications, and may cause the policy to terminate. Surrender charges will apply to withdrawals in early years, subject to a free partial withdrawal feature. Each individual should seek specific advice from their own tax or legal advisors.

2 Encova, “Encova Life Insurance Company To Be Acquired By Pan-American Life Insurance Company,” May 2023.

** Real-Time Term life insurance is underwritten and issued by Encova Life Insurance Company, Columbus, OH. The policy, endorsements, and their features are subject to availability and may vary by state. Please refer to the policy and the endorsements for full details of coverage, limits, and exclusions.

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