True to its name, life insurance is intended to ensure the lives of your loved ones in your absence. With the numerous types of life insurance to choose from, making a decision can be overwhelming—but you are in good hands with InsureMe! Finding you the right life insurance is our business. With a little information, you'll get up to five free quotes.
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Colorado Life Insurance FAQs
Do I Need Life Insurance?
You are a candidate for Colorado life insurance if you are the sole provider for your family or contribute a significant amount of your income to your family's total earnings. If you chip in by caring for your children and maintaining your home, you too should consider obtaining a Colorado life insurance policy that will allow your family to continue to live in the way they are accustomed.
Why Do I Need Life Insurance?
Colorado life insurance secures the livelihood of those who must go on without you. It can offer support for unexpected legal, medical or funeral costs, in addition to supplementing the loss of your income.
How Do I Determine How Much Colorado Life Insurance I Need?
Colorado Life Insurance is designed to compensate for your lost income until you retire. By taking your pre-tax income and estimating how many years remain until you retire, you can get a ballpark figure of how much Colorado life insurance you need to guarantee your family's well-being.
If you are a stay-at-home spouse, approximate what you'd have to pay an employee annually to maintain your home and/or care for your children.
There are two main types of Colorado life insurance. The type that best suits you depends on your age, family size and financial status.
Term Life Insurance: Term life insurance is more flexible and less expensive than permanent life insurance. It's best for young, growing families who have a large need for life insurance, but not always the financial means to pay the higher premiums of permanent whole or universal policies. As you age, this type of Colorado life insurance potentially can become very expensive.
Permanent (Cash Value) Life Insurance: The premiums for permanent life insurance are five to ten times as much as for term life insurance. Permanent Colorado life insurance usually covers you for your lifetime and often offers a cash value—you can actually accrue money throughout the life of your policy.
The decision to purchase Colorado life insurance is an important one that can affect your family for years to come. And InsureMe helps you keep your options open by giving you up to five free quotes.
Show your family you care; find the right Colorado life insurance today!