New Hampshire Life Insurance
Life is unpredictable and precious, which is why many adults seek out and purchase life insurance to ensure the well-being of their loved ones, should the unexpected happen. But applying for life insurance can be a tedious and taxing process.
First, you have to fill out a claim to evaluate your risk factor. Your risk factor can be greatly influenced by your age, sex, pre-existing medical conditions, credit history, lifestyle and even your hobbies. It’s this “risk factor” that determines the cost of your life insurance premium, or if you even receive a policy at all.
Then, when choosing a policy, you’re asked whether you want a term life or permanent life insurance policy. Term life insurance policies are those that do not collect interest, whereas a permanent life insurance policy allows you to invest all premium payments to build up cash reserves. Permanent life insurance policies are available as Whole Life, Universal Life, Variable Life, or Universal Variable Life. Each permanent life insurance policy offers a different value to your beneficiaries.
- Whole Life – This policy includes a fixed premium and allows your savings to earn cash value over time.
- Universal Life – This policy features flexible premium rates and allows your funds to fluctuate between the insurance and savings aspects.
- Variable Life – This policy has a fixed premium and allows you to control where your savings are invested. This, in turn, alters the amount your beneficiaries will receive.
- Universal Variable Life – This policy has flexible premiums and investment control and allows you to alter the final death benefit based on where you invest your savings.
Appletree Insurance recognizes that life insurance is a big decision, and we will work with you to find the most affordable and beneficial life insurance policy for you and your loved ones. After all, it’s our belief that you deserve the most secure life insurance policy to provide that extra security for you and your family’s future.
If you’re looking for a place to start, we’re ready to help. Call us today at (603) 881-9900 to schedule an appointment to start investing in your future.