Life Insurance More Affordable Than Ever

The cost of life insurance, often called the premium, depends on several factors, including your age, health, lifestyle, coverage amount, policy type, and how long the coverage lasts.

In general, younger and healthier people can qualify for lower rates, especially with term life insurance. Permanent life insurance typically has higher premiums because it can provide lifelong coverage and may include features like cash value.

A Champs Insurance professional can compare options from multiple carriers and help you find a policy that balances the protection you want with a monthly cost that fits your budget.

If anyone depends on you financially, life insurance is worth considering. It can create a financial safety net for the people you care about if the unexpected happens.

Life insurance can help your family with:

• Replacing lost income so they can stay in the same home and community
• Paying off outstanding debts and loans
• Funding education or other long term goals for children and loved ones
• Covering funeral, medical, and other final expenses

You cannot put a price on your loved ones, but you can take steps to protect their future if something happens to you.

Living benefits are features or riders that may allow you to access a portion of your life insurance benefits while you are still alive, if certain conditions are met.

Depending on the policy and carrier, living benefits might be available if you experience:

• A qualifying terminal or critical illness
• A chronic condition that limits your ability to perform daily activities

Not every policy includes living benefits by default, and the details vary by insurance company. A Champs Insurance professional can help you review which options may be available and how they work.

Cash value is a feature found in many permanent life insurance policies. In addition to the death benefit, part of your premium can go into a cash value component that may grow over time, often on a tax deferred basis.

Policy owners may be able to access cash value through withdrawals or policy loans, although doing so can reduce the death benefit and may have tax implications.

Cash value is not the right fit for everyone, but it can be a flexible tool in some financial strategies. A Champs Insurance professional can help you compare policies with and without cash value and explain how they differ.

Getting a quote with Champs Insurance is straightforward. You can start with a quick online form or a short phone conversation with a licensed professional.

During the quote process you can expect questions about:

• Your age, basic health history, and lifestyle
• Your income, family situation, and financial goals
• How much coverage you want and how long you would like it to last

From there, we can show you options from multiple carriers and answer questions so you can choose a policy with confidence.