Quick Facts About Life Insurance
Fact # 1
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Among those earning $50,000 to $149,999 annually, 39 percent report a need for more life insurance,
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highlighting a significant interest from middle-income consumers.
Fact #2
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About 100 million Americans are either without life insurance or inadequately insured,
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acknowledging their need for additional coverage.
Fact #3
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Over the past 12 years, there has been a decrease in overall life insurance ownership,
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dropping from 63% in 2011.
Fact #4
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Over half of Americans overestimate the cost of life insurance,
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believing it to be three times more expensive than it is.
Insurance Types We Offer
There are various types of life insurance, each offering distinct features and benefits. Understanding your options can help you find the best fit for your needs. Here’s a look at the main types available.
Term Life
Insurance
This type of policy will cover you for a specific period, such as 10, 20 or 30 years. It has low premiums and is ideal for those seeking coverage for a limited time or to meet a specific financial goal.
Whole Life
Insurance
A whole life policy includes lifelong coverage, a death benefit and a cash value component. It costs more but will suit those who want permanent coverage and to accumulate cash value.
Final Expense
Insurance
Final expense insurance, also known as burial insurance, helps cover end-of-life costs, such as funeral arrangements and any outstanding medical or legal bills. This policy ensures your loved ones aren't left with a financial burden, as funeral expenses can easily exceed $10,000.
Simplified Issue
Insurance
Simplified issue life insurance provides coverage without requiring a medical exam. It's an ideal choice if you need life insurance quickly and prefer not to wait weeks or months for approval.
If you have any questions, concerns, or would like a quote from the House of Wil, feel free to email us at @thewilsuranceagency@gmail.com
By breaking down the details, we help remove the mystery and confusion, ensuring you feel confident and informed when choosing the right coverage for you and your loved ones.
Our Mission
Our mantra is simple: life insurance doesn't have to be complicated. We're here to make it easy for you to understand, guiding you through every step to simplify the process.