"Why do I need life insurance?"
Purchasing Illinois life insurance is a good way to ensure your loved ones are adequately provided for in case of your death. Life insurance can guarantee your family's survival, assuring that your spouse is able to pay off your home mortgage, provide an education for your children, and supply monthly income until other arrangements are made.
Let's face it—no one ever plans to leave their family without protection—but that is exactly what happens every day all over the U.S. Don't wait 'til it's too late. Let InsureMe help you get the Illinois life insurance you need. Just fill out our "Get a free quote" box at the top of this page and we'll put you in touch with local Illinois life insurance agents who can help you find the life insurance protection best fitting your family's needs.
Buy Illinois life insurance and safeguard your loved ones today.
You should consider buying Illinois life insurance if:
"What types are available, and what are the benefits of each?"
Illinois life insurance can be purchased on an individual or a group basis. Most group plans are provided by employers, and are usually term life insurance that is renewed yearly. Illinois residents who are unemployed, self-employed or not able to purchase life insurance through their employer should consider an individual life insurance plan.
Life insurance in Illinois is obtainable in two types: term life and whole life (sometimes called permanent life). We've assembled a few key points about each type below to help you determine which insurance category you should consider.
Illinois life insurance agents can explain these characteristics further and help you determine which type of life insurance is appropriate for you.
"How much life insurance should I buy?"
Determining your current need for life insurance and how much you can afford to spend is the first step in deciding how much Illinois life insurance to buy. Some of the factors you should consider in making this determination are marital status, family size, number of dependents and income. Examine the financial resources your dependents would have if you died now, and what they would need to maintain their current standard of living. Take all assets and income into consideration, including savings, investments, personal property and any real estate owned. Conversely, consider your family's cost of living, educational costs, and any other potential financial needs. Then closely examine your budget and living expenses to determine a comfortable, affordable monthly premium.
Life Insurance Shopping Tips
Shopping for Illinois life insurance doesn't have to be complicated. Refer to the following suggestions when searching for an appropriate Illinois life insurance policy. We believe these tips are essential to choosing the right policy at the right price.
For more information regarding Illinois life insurance, contact the Illinois Division of Insurance's Consumer Assistance Hotline at 866-445-5364, or access their Web site at www.ins.state.il.us.
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