LIFE INSURANCE
Life Insurance
Life insurance is essential for safeguarding your loved ones’ financial future, providing stability during life’s most challenging moments. It can help cover important expenses like mortgage payments, education costs, and everyday living needs in the event of your passing. Assured Indemnity, a trusted full-service, multi-line insurance firm, proudly serves clients in New Orleans, Jefferson, St. Bernard, Plaquemines, and surrounding parishes. We’re committed to helping you find the right life insurance policy tailored to your needs—and your peace of mind.
What Do Life Insurance Policies Cover?
Your life insurance coverage can vary based on your individual needs and how the policy is structured. Generally, life insurance includes the following types of coverage:
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Death Benefit
The lump-sum payment made to your beneficiaries upon your passing. This is the core of any life insurance policy. -
Funeral and Burial Costs
Life insurance can help cover funeral, burial, and other final expenses, which can be costly. -
Daily Living Expenses
Helps your family maintain their standard of living by covering rent/mortgage, utilities, groceries, and other day-to-day costs. -
Outstanding Debts
Pays off debts like credit cards, personal loans, student loans, or a mortgage, so your loved ones aren’t burdened. -
Income Replacement
If you’re the primary breadwinner, life insurance can help replace your lost income, providing financial stability for your family. -
Children’s Education
Helps fund future educational expenses for your children, such as college tuition or private schooling. -
Estate Planning
Can be used to leave an inheritance or cover estate taxes, ensuring your assets are passed on smoothly. -
Business Protection
In business, it can fund buy-sell agreements or cover the loss of a key person.
How Much Does This Cost?
The cost of life insurance is influenced by several factors, including your age, health, lifestyle, the type of policy you select, and the level of coverage. In general, younger and healthier individuals enjoy lower premiums. Factors like tobacco use, high-risk jobs, or adventurous hobbies—such as skydiving—can raise your rates. Term life insurance is usually more affordable than permanent options like whole or universal life. While higher coverage amounts result in higher premiums, choosing a shorter term or fewer policy features can help keep costs down. Your family’s medical history and long-term financial goals may also play a role in determining your premium.
How to Get Life Insurance
To purchase life insurance, start by comparing quotes from different insurers, including local agents and online platforms. Evaluate your coverage needs based on your financial goals, family situation, and long-term plans. You may also save money by bundling life insurance with other policies, such as home or auto, or by maintaining a healthy lifestyle.
Whether you're protecting your family’s future or planning for long-term financial security, having the right coverage is essential. For personalized solutions, trust Assured Indemnity. We’re here to guide you through the process and help you find the best life insurance policy to suit your needs. Contact us today to learn more.