{"id":3116,"date":"2020-01-24T20:00:00","date_gmt":"2020-01-25T01:00:00","guid":{"rendered":"https:\/\/lifehappens.co\/?page_id=3116"},"modified":"2026-04-16T13:42:30","modified_gmt":"2026-04-16T17:42:30","slug":"life-insurance-101","status":"publish","type":"page","link":"https:\/\/lifehappens.org\/life-insurance-101\/","title":{"rendered":"Life Insurance 101"},"content":{"rendered":"

[et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” next_background_color=”#000000″ disabled_on=”on|on|on” _builder_version=”4.27.2″ background_color=”#f8f7f4″ custom_padding=”0px||100px||false|false” custom_padding_tablet=”||140px||false|false” custom_padding_phone=”||140px||false|false” bottom_divider_style=”wave” bottom_divider_height_tablet=”” bottom_divider_height_phone=”” bottom_divider_height_last_edited=”on|phone” disabled=”on” global_colors_info=”{}”][et_pb_row column_structure=”1_2,1_2″ make_equal=”on” _builder_version=”4.27.2″ custom_padding=”4%||4%||false|false” custom_css_main_element=”align-items:center;” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.19.5″ header_text_color=”#00c67f” background_layout=”dark” custom_margin=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

Life Insurance 101<\/h1>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.2″ text_font_size=”20px” text_line_height=”1.5em” custom_padding=”20px||||false|false” global_colors_info=”{}”]<\/p>\n

No one really\u00a0wants<\/em>\u00a0to think about life insurance. But if someone depends on you financially, it\u2019s a topic you can\u2019t avoid.\u00a0Getting life insurance doesn\u2019t have to be hard (or boring). We have some answers to common questions about life insurance so that you can make informed decisions about protecting your loved ones financially.<\/p>\n

[\/et_pb_text][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_video src=”https:\/\/www.youtube.com\/watch?v=GU4a8JsCNvc” _builder_version=”4.24.0″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.27.5″ background_color=”#f8f7f4″ background_enable_image=”off” custom_padding=”0px||0px||false|false” custom_padding_tablet=”||40px||false|false” custom_padding_phone=”||||false|false” bottom_divider_height_tablet=”” bottom_divider_height_phone=”” bottom_divider_height_last_edited=”on|phone” locked=”off” global_colors_info=”{}”][et_pb_row make_equal=”on” custom_padding_last_edited=”on|phone” _builder_version=”4.27.5″ custom_padding=”70px||70px||false|false” custom_padding_tablet=”50px||30px||false|false” custom_padding_phone=”||||false|false” custom_css_main_element=”align-items:center;” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”||||false|false” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.5″ header_text_color=”#00c67f” background_layout=”dark” custom_margin=”||0px||false|false” global_colors_info=”{}”]<\/p>\n

Life Insurance 101<\/h1>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.4″ text_font_size=”24px” text_line_height=”1.5em” custom_padding=”20px||||false|false” global_colors_info=”{}”]<\/p>\n

No one really\u00a0wants<\/em> to think about life insurance. But if someone depends on you financially, it\u2019s a topic you shouldn’t avoid. Getting life insurance doesn\u2019t have to be hard (or boring). We have answers to common questions about life insurance so that you can make informed decisions about protecting your loved ones financially.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” prev_background_color=”#f8f7f4″ _builder_version=”4.27.5″ _module_preset=”default” background_enable_color=”off” background_image=”https:\/\/lifehappens.org\/wp-content\/uploads\/2026\/02\/web_layout_101_bg_01_2560px-1.png” background_size=”custom” background_image_width=”100%” background_position=”bottom_right” custom_padding=”160px||200px||false|false” custom_padding_tablet=”120px||100px||false|false” custom_padding_phone=”100px||100px||false|false” top_divider_style=”wave” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.27.5″ _module_preset=”default” background_enable_color=”off” custom_padding=”50px||50px||true|true” border_radii=”on|40px|40px|40px|40px” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”display:flex;” custom_css_main_element_phone=”display:flex;||flex-direction:column;”][et_pb_column type=”3_5″ _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_phone=”order:2;”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” header_2_font_size_tablet=”46px” header_2_font_size_phone=”40px” header_2_font_size_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

What does life insurance cover?<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}”]Life insurance can help you pay:<\/p>\n

Immediate expenses<\/strong> like funeral and burial costs, medical expenses, mortgage or rent, car loans, credit card debt, taxes, or estate settlement costs<\/p>\n

Ongoing expenses<\/strong> like food, housing, utilities, transportation, health care and insurance, or continue a family business<\/p>\n

Future expenses<\/strong> like college costs or retirement[\/et_pb_text][et_pb_button button_text=”Learn more about how life insurance can help your loved ones” module_class=”button_icon_right” _builder_version=”4.27.6″ _module_preset=”default” custom_button=”on” button_text_size=”18px” button_border_width=”0px” button_letter_spacing=”0px” button_use_icon=”on” button_icon=”$||divi||400″ custom_margin=”30px||||false|false” custom_padding=”0em|0em|0em|0em|true|false” hover_enabled=”0″ custom_css_free_form=”#main-content a {text-transform:lowercase !important;}||#main-content a::first-letter {text-transform: capitalize !important;}” global_colors_info=”{}” button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6Ijg2MjYifX0=@” _dynamic_attributes=”button_url” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.27.5″ _module_preset=”default” custom_padding=”||||false|false” custom_padding_tablet=”|||20px|false|false” custom_padding_phone=”|||0px|false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”width:70%;” custom_css_main_element_phone=”width:70%;||order:1;”][et_pb_video src=”https:\/\/vimeo.com\/1119459482\/ad0e804220″ disabled_on=”off|off|off” _builder_version=”4.27.5″ _module_preset=”default” max_width=”400px” module_alignment=”right” custom_margin=”||||false|false” custom_margin_tablet=”||||false|false” custom_margin_phone=”||30px|0px|false|false” custom_margin_last_edited=”on|phone” border_radii=”on|20px|20px|20px|20px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” _builder_version=”4.27.5″ _module_preset=”default” background_enable_color=”off” background_image=”https:\/\/lifehappens.org\/wp-content\/uploads\/2026\/02\/web_layout_101_bg_02_2560px.png” background_size=”custom” background_image_width=”100%” background_position=”bottom_left” custom_padding=”100px||200px||false|false” custom_padding_tablet=”50px||100px||false|false” custom_padding_phone=”50px||100px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.27.5″ _module_preset=”default” background_enable_color=”off” custom_padding=”50px||50px||true|true” border_radii=”on|40px|40px|40px|40px” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”display:flex;” custom_css_main_element_phone=”display:flex;||flex-direction:column;”][et_pb_column type=”2_5″ _builder_version=”4.27.5″ _module_preset=”default” custom_padding_tablet=”|||20px|false|false” custom_padding_phone=”|||0px|false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}” custom_css_main_element_last_edited=”on|desktop” custom_css_main_element_tablet=”width:70%;||order:2;” custom_css_main_element_phone=”width:70%;”][et_pb_video src=”https:\/\/vimeo.com\/1145270183\/4eb6b3f319″ disabled_on=”off|off|off” _builder_version=”4.27.5″ _module_preset=”default” max_width=”400px” custom_padding=”||||false|false” border_radii=”on|20px|20px|20px|20px” box_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.27.5″ _module_preset=”default” custom_padding=”||||false|false” custom_padding_tablet=”||||false|false” custom_padding_phone=”||30px||false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”order:1;” custom_css_main_element_phone=”order:2;”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” header_2_font_size_tablet=”46px” header_2_font_size_phone=”40px” global_colors_info=”{}”]<\/p>\n

Do I need life insurance?<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

If someone depends on you financially, you likely need life insurance.<\/p>\n

Life insurance provides cash to your family or loved ones after your death. This cash, known as the death benefit, replaces your income and the many non-paid ways you support your household. The money can help pay for expenses like funeral costs, a mortgage, college tuition and more.<\/p>\n

Just a few examples of people who often find they need life insurance include: married or partnered couples, those with kids, single parents, stay-at-home parents, empty nesters, retirees, and business owners.<\/p>\n

[\/et_pb_text][et_pb_button button_text=”Learn more about whether you may need life insurance” module_class=”button_icon_right” _builder_version=”4.27.6″ _module_preset=”default” custom_button=”on” button_text_size=”18px” button_border_width=”0px” button_letter_spacing=”0px” button_use_icon=”on” button_icon=”$||divi||400″ custom_margin=”30px||||false|false” custom_padding=”0em|0em|0em|0em|true|false” hover_enabled=”0″ custom_css_free_form=”#main-content a {text-transform:lowercase !important;}||#main-content a::first-letter {text-transform: capitalize !important;}” locked=”off” global_colors_info=”{}” button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI3NzUifX0=@” _dynamic_attributes=”button_url” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|tablet” disabled_on=”off|off|off” _builder_version=”4.27.5″ _module_preset=”default” background_enable_color=”off” background_image=”https:\/\/lifehappens.org\/wp-content\/uploads\/2026\/02\/web_layout_101_bg_03_2560px.png” background_size=”custom” background_image_width=”100%” background_position=”bottom_left” custom_padding=”100px||200px||false|false” custom_padding_tablet=”50px||100px||false|false” custom_padding_phone=”50px||100px||false|false” locked=”off” global_colors_info=”{}”][et_pb_row column_structure=”3_5,2_5″ _builder_version=”4.27.5″ _module_preset=”default” background_enable_color=”off” custom_padding=”50px||50px||true|false” border_radii=”on|40px|40px|40px|40px” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_tablet=”display:flex;” custom_css_main_element_phone=”display:flex;||flex-direction:column;”][et_pb_column type=”3_5″ _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_phone=”order:2;”][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” header_2_font_size_tablet=”46px” header_2_font_size_phone=”40px” global_colors_info=”{}”]<\/p>\n

What are the different types of life insurance?<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.5″ _module_preset=”default” global_colors_info=”{}”]Term life insurance<\/strong> provides protection for a specific period of time (the term), often 10, 20 or 30 years. It makes sense when you need protection for a specific amount of time–for instance, until your kids graduate or your mortgage is paid off.<\/p>\n

It typically offers the most amount of coverage for the lowest initial premium and is often a good choice for those on a tighter budget.[\/et_pb_text][et_pb_button button_text=”Learn more about term life insurance” module_class=”button_icon_right” _builder_version=”4.27.6″ _module_preset=”default” custom_button=”on” button_text_size=”18px” button_border_width=”0px” button_letter_spacing=”0px” button_use_icon=”on” button_icon=”$||divi||400″ custom_margin=”30px||30px||false|false” custom_padding=”0em|0em|0em|0em|true|false” hover_enabled=”0″ custom_css_free_form=”#main-content a {text-transform:lowercase !important;}||#main-content a::first-letter {text-transform: capitalize !important;}” locked=”off” global_colors_info=”{}” button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI3NzcifX0=@” _dynamic_attributes=”button_url” sticky_enabled=”0″][\/et_pb_button][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Permanent life insurance<\/strong> provides lifelong protection for as long as you pay the premiums. It also accumulates cash value on a tax-deferred basis, which you can tap into to buy a home, supplement your retirement income, cover an emergency expense and more.<\/p>\n

Because of these additional benefits, initial premiums are higher than what you\u2019d pay for a term policy with the same amount of coverage.<\/p>\n

[\/et_pb_text][et_pb_button button_text=”Learn more about permanent life insurance” module_class=”button_icon_right” _builder_version=”4.27.6″ _module_preset=”default” custom_button=”on” button_text_size=”18px” button_border_width=”0px” button_letter_spacing=”0px” button_use_icon=”on” button_icon=”$||divi||400″ custom_margin=”30px||||false|false” custom_padding=”0em|0em|0em|0em|true|false” hover_enabled=”0″ custom_css_free_form=”#main-content a {text-transform:lowercase !important;}||#main-content a::first-letter {text-transform: capitalize !important;}” locked=”off” global_colors_info=”{}” button_url=”@ET-DC@eyJkeW5hbWljIjp0cnVlLCJjb250ZW50IjoicG9zdF9saW5rX3VybF9wYWdlIiwic2V0dGluZ3MiOnsicG9zdF9pZCI6IjI3NzcifX0=@” _dynamic_attributes=”button_url” sticky_enabled=”0″][\/et_pb_button][\/et_pb_column][et_pb_column type=”2_5″ _builder_version=”4.27.5″ _module_preset=”default” custom_padding=”||||false|false” custom_padding_tablet=”|||20px|false|false” custom_padding_phone=”|||0px|false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}” custom_css_main_element_last_edited=”on|desktop” custom_css_main_element_tablet=”width:70%;” custom_css_main_element_phone=”width:70%;||order:1;”][et_pb_video src=”https:\/\/vimeo.com\/1145270346\/e3daf493ba” disabled_on=”off|off|off” _builder_version=”4.27.5″ _module_preset=”default” max_width=”400px” module_alignment=”right” custom_margin_tablet=”” custom_margin_phone=”||30px||false|false” custom_margin_last_edited=”on|phone” border_radii=”on|20px|20px|20px|20px” box_shadow_style=”preset3″ locked=”off” global_colors_info=”{}”][\/et_pb_video][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”off|off|off” _builder_version=”4.16″ custom_padding=”60px||40px|||” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.27.4″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.4″ _module_preset=”default” header_4_font=”Tiempos Headline Black Italic||||||||” global_colors_info=”{}”]<\/p>\n

More questions …<\/h4>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ custom_padding_last_edited=”on|phone” disabled_on=”on|on|off” _builder_version=”4.27.5″ width_tablet=”100%” width_phone=”100%” width_last_edited=”on|phone” custom_padding=”||||false|true” custom_padding_tablet=”|35px||35px|false|true” custom_padding_phone=”|35px||35px|false|true” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_accordion open_toggle_background_color=”#ffffff” closed_toggle_background_color=”#ffffff” icon_color=”#00c67f” use_icon_font_size=”on” icon_font_size=”22px” _builder_version=”4.27.5″ toggle_font=”|600|||||||” toggle_font_size=”24px” closed_toggle_font=”|600|||||||” closed_toggle_font_size=”24px” custom_padding=”||||false|false” custom_css_toggle_content=”padding-left:50px;” border_width_top=”0px” border_width_right=”0px” border_color_bottom=”#f2f1ee” border_width_left=”0px” global_colors_info=”{}”][et_pb_accordion_item open=”on” _builder_version=”4.16″ custom_css_main_element=”display:none;” global_colors_info=”{}”][\/et_pb_accordion_item][et_pb_accordion_item title=”Why is life insurance worth it?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family\u2019s financial security and peace of mind.<\/p>\n

If anyone depends on your income, they would most likely struggle if you were to pass away. That\u2019s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses. Life insurance is the best way to ensure that your loved ones would be in a good financial place if you and your income were no longer in the picture.<\/p>\n

Learn more about why life insurance is important<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the average life insurance cost?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}||||h3 {|| font-weight:600;|| font-size:32px;||}” global_colors_info=”{}” open=”off”]<\/p>\n

The price of life insurance depends on four main factors: your age, your health, the type of policy and how much coverage you buy. In general, you\u2019ll pay less the younger and healthier you are. You also typically pay less for a term life policy than a permanent life policy.<\/p>\n

That said, don\u2019t let your age or health status discourage you from considering life insurance. There are policies available for people of any age as well as those with high blood pressure, diabetes and a smoking habit. (Just know that you\u2019ll generally pay more for your policy if you\u2019re in poor health and\/or smoke.)<\/p>\n

Still wondering the answer to the question of how much does life insurance cost? If so, here\u2019s a working idea:<\/p>\n

\n

A healthy 30-year-old can get a $250,000 20-year level term policy for just $13 a month.<\/h3>\n<\/blockquote>\n

That means that if you purchase that policy and pay the $13 a month without fail, your loved ones would get $250,000 if you were to die at any point during those 20 years.<\/p>\n

Learn more about how much life insurance costs<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How much life insurance do I need?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

The amount of life insurance to buy depends on who you want to protect financially and for how long. For a general idea, consider the following:<\/p>\n\n\n\n
\n

1<\/span><\/strong><\/p>\n

Add up the immediate, ongoing and future expenses your family or loved ones would incur if you were to pass away.<\/strong><\/p>\n

That could mean everything from funeral costs to rent or mortgage to college tuition.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

2<\/span><\/strong><\/p>\n

Add up the financial resources your loved ones already have.<\/strong><\/p>\n

That could mean a spouse\u2019s income and life insurance that\u2019s already in place.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

3<\/span><\/strong><\/p>\n

Subtract your financial resources from the anticipated expenses.<\/strong><\/p>\n

The difference between the two numbers is the approximate life insurance to buy.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

As an easy rule of thumb, experts recommend having life insurance that equals between 10 to 15 times your gross income. But many people need even more than that. To get a more accurate idea of how much life insurance to buy, check out our calculator.<\/p>\n

Get started with our Life Insurance Needs Calculator<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Who can be a life insurance beneficiary?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]A life insurance beneficiary is the person, people, trust, charity or estate who gets the payout on your life insurance policy after you die.<\/p>\n

You\u2019ll typically be asked to pick two kinds of beneficiaries: a primary and a secondary. The secondary beneficiary, also called a contingent beneficiary, receives the payout if the primary beneficiary is deceased. You can name more than one beneficiary, as well as the percentage of the payout you want to go to each one\u2014for instance, you could designate 50% to a spouse and 50% to an adult child.<\/p>\n

There are special considerations when it comes to providing for minors as well as naming a charity or your estate as a life insurance beneficiary.<\/p>\n

Learn more about providing for minors and get tips on naming a beneficiary<\/a>[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the process for getting life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” border_width_all_tablet=”0px” border_width_all_phone=”0px” border_width_all_last_edited=”on|tablet” border_width_bottom_tablet=”” border_width_bottom_phone=”” border_width_bottom_last_edited=”on|tablet” global_colors_info=”{}” open=”off”]<\/p>\n

When you apply for life insurance, your life insurance application goes through a process called underwriting. Underwriting is when your insurance risk is evaluated. Approval and costs are based on your risk class.<\/p>\n

There are two types of underwriting: traditional underwriting and simplified underwriting. In traditional underwriting, you fill out a formal application and typically undergo a short medical exam. It can take several weeks to be approved when the life insurance application undergoes traditional underwriting.<\/p>\n

In contrast, simplified underwriting is usually a quick online life insurance application that does not require a medical exam. You can often receive instantaneous life insurance coverage. Just be aware that the coverage amount may be limited as well as more expensive with simplified underwriting.<\/p>\n

Learn more about how to apply for life insurance<\/a><\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_accordion open_toggle_background_color=”#ffffff” closed_toggle_background_color=”#ffffff” icon_color=”#00c67f” use_icon_font_size=”on” icon_font_size=”22px” _builder_version=”4.27.5″ toggle_font=”|600|||||||” toggle_font_size=”24px” closed_toggle_font=”|600|||||||” closed_toggle_font_size=”24px” custom_padding=”||||false|false” custom_css_toggle_content=”padding-left:50px;” border_width_top=”0px” border_width_right=”0px” border_color_bottom=”#f2f1ee” border_width_left=”0px” global_colors_info=”{}”][et_pb_accordion_item open=”on” _builder_version=”4.16″ custom_css_main_element=”display:none;” global_colors_info=”{}”][\/et_pb_accordion_item][et_pb_accordion_item title=”What happens if I\u2019m denied life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

Good news: There are options if you\u2019re initially denied life insurance. The first is to contact the company that denied you to see if there was a mistake on the life insurance application. If there was no mistake, find out the reason for the denial. Once you know, you can try working with a financial professional that specializes in higher-risk applicants.<\/p>\n

Learn more about what to do if you\u2019re denied life insurance<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How often should I review my life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

As a general rule of the thumb, it\u2019s a good idea to touch base with a financial professional at least once a year or whenever a life change happens. A life insurance review will help ensure your coverage is at the right level to protect your loved ones.<\/p>\n

Life insurance often needs to be adjusted after a big change like getting married, having a baby, starting a business, retiring and more. In these kinds of instances, you\u2019ll want to schedule a life insurance review with a financial professional as soon as possible.<\/p>\n

Learn more about managing your life insurance policy<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What are living benefits of life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

Living benefits of a life insurance policy let you access your life insurance proceeds before you die. This is typically reserved for situations in which someone faces a terminal illness or injury. Many people use cash from living benefits to get their family\u2019s finances in order or to take a special trip.<\/p>\n

Living benefits, which are also known as accelerated death benefits, are typically available as a rider (or endorsement) to your life insurance policy.<\/p>\n

Learn more about living benefits<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How does life insurance pay out?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” global_colors_info=”{}” open=”off”]<\/p>\n

In most cases, the life insurance pay out is a lump sum paid to beneficiaries when the policyholder dies. To receive the life insurance pay out, you will have to file a claim with the insurer. They will need a certified copy of the death certificate in order to process the claim.<\/p>\n

It can vary on how long it takes to get a life insurance check. Most insurers take between 30 and 60 days after receiving the claim. However, there can be delays. This is especially true if the policyholder dies within two years of taking out the policy or if there are unusual circumstances. Other insurers deny coverage if the policyholder died doing something illegal or lied on the life insurance application.<\/p>\n

A life insurance pay out works differently if there\u2019s an installment-payout option or an annuity option.<\/p>\n

Learn more about life insurance payouts<\/a><\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=”off|off|on” _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_accordion open_toggle_background_color=”#ffffff” closed_toggle_background_color=”#ffffff” icon_color=”#00c67f” use_icon_font_size=”on” icon_font_size=”22px” _builder_version=”4.27.5″ toggle_font=”|600|||||||” toggle_font_size=”24px” closed_toggle_font=”|600|||||||” closed_toggle_font_size=”24px” custom_padding=”||||false|false” custom_css_toggle_content=”padding-left:50px;” border_width_top=”0px” border_width_right=”0px” border_color_bottom=”#f2f1ee” border_width_left=”0px” global_colors_info=”{}”][et_pb_accordion_item open=”on” _builder_version=”4.16″ custom_css_main_element=”display:none;” global_colors_info=”{}”][\/et_pb_accordion_item][et_pb_accordion_item title=”Why is life insurance worth it?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

There are many answers to the question of why is life insurance important. But by and large, the most important one is ensuring your family\u2019s financial security and peace of mind.<\/p>\n

If anyone depends on your income, they would most likely struggle if you were to pass away. That\u2019s why life insurance is so important to have. There are different types of life insurance policies, but essentially they all pay cash to your loved ones when you die. Money from life insurance can be used to cover daily living expenses, a mortgage or rent payments, outstanding loans, college tuition and other essential expenses. Life insurance is the best way to ensure that your loved ones would be in a good financial place if you and your income were no longer in the picture.<\/p>\n

Learn more about why life insurance is important<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the average life insurance cost?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}||||h3 {|| font-weight:600;|| font-size:32px;||}” global_colors_info=”{}” open=”off”]<\/p>\n

The price of life insurance depends on four main factors: your age, your health, the type of policy and how much coverage you buy. In general, you\u2019ll pay less the younger and healthier you are. You also typically pay less for a term life policy than a permanent life policy.<\/p>\n

That said, don\u2019t let your age or health status discourage you from considering life insurance. There are policies available for people of any age as well as those with high blood pressure, diabetes and a smoking habit. (Just know that you\u2019ll generally pay more for your policy if you\u2019re in poor health and\/or smoke.)<\/p>\n

Still wondering the answer to the question of how much does life insurance cost? If so, here\u2019s a working idea:<\/p>\n

\n

A healthy 30-year-old can get a $250,000 20-year level term policy for just $13 a month.<\/h3>\n<\/blockquote>\n

That means that if you purchase that policy and pay the $13 a month without fail, your loved ones would get $250,000 if you were to die at any point during those 20 years.<\/p>\n

Learn more about how much life insurance costs<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How much life insurance do I need?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]<\/p>\n

The amount of life insurance to buy depends on who you want to protect financially and for how long. For a general idea, consider the following:<\/p>\n\n\n\n
\n

1<\/span><\/strong><\/p>\n

Add up the immediate, ongoing and future expenses your family or loved ones would incur if you were to pass away.<\/strong><\/p>\n

That could mean everything from funeral costs to rent or mortgage to college tuition.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

2<\/span><\/strong><\/p>\n

Add up the financial resources your loved ones already have.<\/strong><\/p>\n

That could mean a spouse\u2019s income and life insurance that\u2019s already in place.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
\n

3<\/span><\/strong><\/p>\n

Subtract your financial resources from the anticipated expenses.<\/strong><\/p>\n

The difference between the two numbers is the approximate life insurance to buy.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

As an easy rule of thumb, experts recommend having life insurance that equals between 10 to 15 times your gross income. But many people need even more than that. To get a more accurate idea of how much life insurance to buy, check out our calculator.<\/p>\n

Get started with our Life Insurance Needs Calculator<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Who can be a life insurance beneficiary?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” global_colors_info=”{}” open=”off”]A life insurance beneficiary is the person, people, trust, charity or estate who gets the payout on your life insurance policy after you die.<\/p>\n

You\u2019ll typically be asked to pick two kinds of beneficiaries: a primary and a secondary. The secondary beneficiary, also called a contingent beneficiary, receives the payout if the primary beneficiary is deceased. You can name more than one beneficiary, as well as the percentage of the payout you want to go to each one\u2014for instance, you could designate 50% to a spouse and 50% to an adult child.<\/p>\n

There are special considerations when it comes to providing for minors as well as naming a charity or your estate as a life insurance beneficiary.<\/p>\n

Learn more about providing for minors and get tips on naming a beneficiary<\/a>[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the process for getting life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” border_width_all_tablet=”0px” border_width_all_phone=”0px” border_width_all_last_edited=”on|tablet” border_width_bottom_tablet=”1px” border_width_bottom_phone=”1px” border_width_bottom_last_edited=”on|tablet” global_colors_info=”{}” open=”off”]<\/p>\n

When you apply for life insurance, your life insurance application goes through a process called underwriting. Underwriting is when your insurance risk is evaluated. Approval and costs are based on your risk class.<\/p>\n

There are two types of underwriting: traditional underwriting and simplified underwriting. In traditional underwriting, you fill out a formal application and typically undergo a short medical exam. It can take several weeks to be approved when the life insurance application undergoes traditional underwriting.<\/p>\n

In contrast, simplified underwriting is usually a quick online life insurance application that does not require a medical exam. You can often receive instantaneous life insurance coverage. Just be aware that the coverage amount may be limited as well as more expensive with simplified underwriting.<\/p>\n

Learn more about how to apply for life insurance<\/a><\/p>\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What happens if I\u2019m denied life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” border_width_all_tablet=”0px” border_width_all_phone=”0px” border_width_all_last_edited=”on|tablet” border_width_bottom_tablet=”1px” border_width_bottom_phone=”1px” border_width_bottom_last_edited=”on|tablet” global_colors_info=”{}” open=”off”]Good news: There are options if you\u2019re initially denied life insurance. The first is to contact the company that denied you to see if there was a mistake on the life insurance application. If there was no mistake, find out the reason for the denial. Once you know, you can try working with a financial professional that specializes in higher-risk applicants.<\/p>\n

Learn more about what to do if you\u2019re denied life insurance<\/a>[\/et_pb_accordion_item][et_pb_accordion_item title=”How often should I review my life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” border_width_all_tablet=”0px” border_width_all_phone=”0px” border_width_all_last_edited=”on|tablet” border_width_bottom_tablet=”1px” border_width_bottom_phone=”1px” border_width_bottom_last_edited=”on|tablet” global_colors_info=”{}” open=”off”]As a general rule of the thumb, it\u2019s a good idea to touch base with a financial professional at least once a year or whenever a life change happens. A life insurance review will help ensure your coverage is at the right level to protect your loved ones.<\/p>\n

Life insurance often needs to be adjusted after a big change like getting married, having a baby, starting a business, retiring and more. In these kinds of instances, you\u2019ll want to schedule a life insurance review with a financial professional as soon as possible.<\/p>\n

Learn more about managing your life insurance policy<\/a>[\/et_pb_accordion_item][et_pb_accordion_item title=”What are living benefits of life insurance?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” border_width_all_tablet=”0px” border_width_all_phone=”0px” border_width_all_last_edited=”on|tablet” border_width_bottom_tablet=”1px” border_width_bottom_phone=”1px” border_width_bottom_last_edited=”on|tablet” global_colors_info=”{}” open=”off”]Living benefits of a life insurance policy let you access your life insurance proceeds before you die. This is typically reserved for situations in which someone faces a terminal illness or injury. Many people use cash from living benefits to get their family\u2019s finances in order or to take a special trip.<\/p>\n

Living benefits, which are also known as accelerated death benefits, are typically available as a rider (or endorsement) to your life insurance policy.<\/p>\n

Learn more about living benefits<\/a>[\/et_pb_accordion_item][et_pb_accordion_item title=”How does life insurance pay out?” _builder_version=”4.27.5″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” custom_css_free_form=”.et_pb_toggle_title {|| height:65px;|| display: flex;|| align-items: center;||}” border_width_all=”0px” border_width_all_tablet=”0px” border_width_all_phone=”0px” border_width_all_last_edited=”on|tablet” border_width_bottom_tablet=”1px” border_width_bottom_phone=”1px” border_width_bottom_last_edited=”on|tablet” global_colors_info=”{}” open=”off”]<\/p>\n

In most cases, the life insurance pay out is a lump sum paid to beneficiaries when the policyholder dies. To receive the life insurance pay out, you will have to file a claim with the insurer. They will need a certified copy of the death certificate in order to process the claim.<\/p>\n

It can vary on how long it takes to get a life insurance check. Most insurers take between 30 and 60 days after receiving the claim. However, there can be delays. This is especially true if the policyholder dies within two years of taking out the policy or if there are unusual circumstances. Other insurers deny coverage if the policyholder died doing something illegal or lied on the life insurance application.<\/p>\n

A life insurance pay out works differently if there\u2019s an installment-payout option or an annuity option.<\/p>\n

Learn more about life insurance payouts<\/a><\/p>\n

[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ disabled_on=”on|on|on” _builder_version=”4.16″ custom_padding=”60px||40px|||” disabled=”on” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”4.27.2″ width=”75%” width_tablet=”75%” width_phone=”100%” width_last_edited=”on|phone” custom_padding=”||||false|true” custom_padding_tablet=”|0px||0px|false|true” custom_padding_phone=”|35px||35px|false|true” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_accordion open_toggle_background_color=”#ffffff” closed_toggle_background_color=”#ffffff” icon_color=”#00c67f” use_icon_font_size=”on” icon_font_size=”22px” _builder_version=”4.27.2″ toggle_font=”|600|||||||” toggle_font_size=”32px” closed_toggle_font=”|600|||||||” closed_toggle_font_size=”32px” custom_padding=”||||false|false” custom_css_toggle_content=”padding-left:50px;” border_width_top=”0px” border_width_right=”0px” border_color_bottom=”#f2f1ee” border_width_left=”0px” global_colors_info=”{}”][et_pb_accordion_item open=”on” _builder_version=”4.16″ custom_css_main_element=”display:none;” global_colors_info=”{}”][\/et_pb_accordion_item][et_pb_accordion_item title=”Why is life insurance worth it?” _builder_version=”4.27.2″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"6165\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What does life insurance cover?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"3961\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Do I need life insurance?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"3421\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What are the different types of life insurance?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"3471\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the average life insurance cost?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"3486\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How much life insurance do I need?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”|0px||0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"3497\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”Who can be a life insurance beneficiary?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"3506\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What is the process for getting life insurance?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"4164\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What happens if I\u2019m denied life insurance?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"6111\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How often should I review my life insurance?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"6262\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”What are living benefits of life insurance?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"6269\"][\/et_pb_section]\n

[\/et_pb_accordion_item][et_pb_accordion_item title=”How does life insurance pay out?” _builder_version=”4.24.3″ custom_padding=”25px||37px||false|false” custom_padding_tablet=”25px||37px||false|false” custom_padding_phone=”25px|0px|37px|0px|false|false” custom_padding_last_edited=”on|phone” border_width_all=”0px” global_colors_info=”{}” open=”off”]<\/p>\n[et_pb_section global_module=\"6276\"][\/et_pb_section]\n

[\/et_pb_accordion_item][\/et_pb_accordion][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ custom_padding_last_edited=”on|phone” _builder_version=”4.27.2″ _module_preset=”default” background_color=”gcid-359d8186-f304-4d2e-9b3b-97ee4f94e314″ custom_padding=”200px||120px||false|false” custom_padding_tablet=”140px||100px||false|false” custom_padding_phone=”80px||||false|false” top_divider_style=”wave” top_divider_color=”#FFFFFF” top_divider_height=”200px” top_divider_height_tablet=”160px” top_divider_height_phone=”100px” top_divider_height_last_edited=”on|desktop” bottom_divider_color=”#F8F7F4″ bottom_divider_height=”200px” bottom_divider_flip=”horizontal” bottom_divider_height_tablet=”160px” bottom_divider_height_phone=”100px” bottom_divider_height_last_edited=”on|phone” locked=”off” global_colors_info=”{%22gcid-db1582a4-c44f-4e36-9ba6-aabfeb59aaf9%22:%91%22background_color_gradient_stops%22%93,%22gcid-359d8186-f304-4d2e-9b3b-97ee4f94e314%22:%91%22background_color_gradient_stops%22,%22background_color%22%93}”][et_pb_row column_structure=”2_3,1_3″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_phone=”display:flex;||flex-wrap:wrap;” custom_css_main_element_tablet=”display:flex;”][et_pb_column type=”2_3″ _builder_version=”4.27.2″ _module_preset=”default” custom_padding=”|80px|||false|false” custom_padding_tablet=”|0px|||false|false” custom_padding_phone=”|0px|||false|false” custom_padding_last_edited=”on|tablet” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet” custom_css_main_element_tablet=”margin-bottom:0;||flex-basis:200%;” custom_css_main_element_phone=”margin-bottom:0;||order:2;”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” header_2_font_size_tablet=”42px” header_2_font_size_phone=”36px” header_2_font_size_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n

Find a Financial Professional<\/h2>\n

[\/et_pb_text][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” text_font_size=”20px” custom_padding=”||20px||false|false” global_colors_info=”{}”]<\/p>\n

Determining how much and what kind of insurance to buy is one of the most important financial decisions you\u2019ll make. Many people choose to work with a financial professional who will conduct a comprehensive financial needs analysis, and walk you through the multitude of questions you need to consider to determine how much and what kind of insurance is right for you.<\/p>\n

Get started with our locator to find a financial professional in your area.<\/p>\n

[\/et_pb_text][et_pb_button button_url=”https:\/\/findapro.lifehappens.org\/” url_new_window=”on” button_text=”Find a Pro” module_class=”button_icon_right” _builder_version=”4.27.2″ _module_preset=”default” custom_button=”on” button_text_color=”#FFFFFF” button_bg_color=”#00C67F” button_use_icon=”on” button_icon=”$||divi||400″ button_icon_color=”#FFFFFF” custom_padding=”1em|3em|1em|2em|false|false” global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}” custom_css_main_element_last_edited=”on|phone” custom_css_main_element_phone=”order:1;”][et_pb_image src=”https:\/\/lifehappens.org\/wp-content\/uploads\/2024\/11\/image_homepage_locator_new.png” title_text=”image_homepage_locator_new” _builder_version=”4.27.2″ _module_preset=”default” width_tablet=”90%” width_phone=”70%” width_last_edited=”on|tablet” module_alignment=”right” custom_padding_tablet=”” custom_padding_phone=”||60px||false|false” custom_padding_last_edited=”on|phone” module_alignment_tablet=”right” module_alignment_phone=”center” module_alignment_last_edited=”on|phone” global_colors_info=”{}” custom_css_main_element_last_edited=”on|tablet”][\/et_pb_image][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Life Insurance 101No one really\u00a0wants\u00a0to think about life insurance. But if someone depends on you financially, it\u2019s a topic you can\u2019t avoid.\u00a0Getting life insurance doesn\u2019t have to be hard (or boring). We have some answers to common questions about life insurance so that you can make informed decisions about protecting your loved ones financially.Life Insurance […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"class_list":["post-3116","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nLife Insurance 101 – Life Happens<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lifehappens.org\/life-insurance-101\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Life Insurance 101\" \/>\n<meta property=\"og:description\" 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