Buying Life Insurance In Connecticut

Life Insurance In Connecticut

Are you looking for life insurance in Connecticut?

If you are, you’ve come to the right place! As an independent agency, TermLife2Go’s #1 priority is getting our clients approved at the best available rates.  Speed and efficiency are also very important to us.  We have helped countless people in the Constitution State get life insurance fast.

We understand the importance of life insurance and realize that “the process” is what typically prohibits people from purchasing the life insurance they want. For this reason, TermLife2Go specializes in policies that do not require medical exams and generally provide approvals within 24 hours, which is why getting life insurance in Connecticut has never been easier.

Connecticut residents should not be worried about leaving a loved one behind with no means of support.   With beautiful scenery surrounding you within the state parks and amazing shorelines such as Milford, Guilford, Essex, and Mystic, you should be free to enjoy all that makes Connecticut beautiful.  Whatever lifestyle or career you have, you need to make sure you are getting the best policy that fits you and your needs. We can assist you so you can rest assured you are getting the lowest cost life insurance policy available. There is nothing like the peace of mind that comes from knowing your family is taken care of in the event of your untimely death.

Often clients tell us they realize they need life insurance but they don’t foresee themselves dying anytime soon. But in reality people die unexpectedly every day. Connecticut freeways, such as the I-91, are some of the most dangerous in the country. Also, Connecticut is home to various natural disasters such as severe thunderstorms, flash floods, snowstorms, hurricanes and tornadoes.  And a stoke or heart attack is a silent killer, sneaking up on the victim unexpectedly. Instead of gambling with your family’s financial future it is better to lock into life insurance today and makes sure your family can move on in case you can’t.

Now, if you already have an idea of what you are looking for or you just want to compare quotes, simply click here and we’ll have your quote ready for you in a matter of seconds.  However, if you have a few more questions about getting life insurance in Connecticut, please keep reading or give TermLife2Go a call.

Reasons to get life insurance in Connecticut

The reasons for life insurance are many. The #1 reason that people buy life insurance is to replace income. If someone you love will suffer financially when you die, then you need life insurance.

Some additional reasons people purchase life insurance:

  • Covering the mortgage on your home
  • Future college tuition for your kids
  • Paying off existing debt
  • Funeral costs
  • Charitable donations
  • Key man business insurance

3 questions

So you know you need life insurance but you are not sure where to begin. Ask yourself three questions:

  1. What type of policy do I need?
  2. How much coverage do I need?
  3. How long of a term do I need?

Types of Life insurance

There are two main types of life insurance: term and whole life insurance. Term life insurance is designed to so that the premium is fixed for a period of time. The most affordable life insurance policy is term life insurance. For example, a $500,000 20 year term policy for a 41 year old male runs $390 annually. That is a serious bang for your buck.

Whole life insurance lasts your whole life and builds cash value. These policies provide lifetime coverage. They are more expensive so you might not be able to purchase as much life insurance as you need with whole life. For example, the same 41 year old male would pay almost $2,700 annually for a $500,000 guaranteed universal life policy.

Which is best? That is a tough question. It comes down to need and ability to pay. Sometimes term life insurance just makes good financial sense.

Fully underwritten and no medical exam

There are also two main ways to get life insurance. You can take an exam to qualify for a fully underwritten life insurance policy or go the non-medical exam route. Which one you decide to go with depends on several factors such as:

  • Time — a no medical exam policy will save a lot of time
  • Money — a fully underwritten exam might save you money

If you have never been diagnosed with high blood pressure or high cholesterol but it is a concern, consider a non medical exam policy. Many times the cost between the two policies will be small and a non medical exam policy does not require a blood draw. High cholesterol and blood pressure are the most common reasons a policy comes back with a higher premium. If you are concerned about your blood work then paying a few additional dollars might very well save you money once your lab results come back. And a non medical exam policy approval is fast with some approvals in 15 minutes.

Not sure what policy is best for you? Call TermLife2Go today and speak to an independent agent who has your best interests in mind.

Connecticut Life Insurance Coverage amount

How much life insurance you need depends on a few key factors. Most financial planners say that as a general rule of thumb, seven to ten times your annual income is a good starting point.

However, everyone’s situation is different. You might be just starting a family or be looking towards retirement. Due to the unique nature of your specific situation it is always good to seek out advice from a trusted source.

Speaking to a licensed professional today can save you time and help ensure that you are getting the right amount of coverage. Our team of professional agents at TermLife2Go are focused on providing you with the best advice available. Give us a call today.

For more reading please see “how much life insurance do I need?”

Term Length

If you decide to go the term life insurance route, how long of a term do you need? Determining the term length that is right for you depends on several factors. One thing to consider is the age of your youngest child. How long until your child is financially independent? Tailoring a term life insurance policy to your youngest child is a great place to start.

Other factors to consider are:

  • Your age
  • Your spouse’s age
  • How long of a mortgage do you have
  • Terms on a business loan

Please see “how long of a term do I need?”

How much does life insurance cost in Connecticut?

TermLife2Go works with all the top companies so we can shop around for you and make sure we are offering the best company at the best price.

Your life insurance premium depends on certain variables. The main variables are:

  • Your age
  • Your gender
  • Your health
  • Your lab results
  • Your lifestyle
  • Tobacco use

There are other factors to consider as well. Many life insurance companies have a unique niche that might be specifically tailored to your health or lifestyle.

See our article titled, “Does your agent think like a pharmacist”?

Also, you can see our analysis on various pre-existing conditions here.

Take the next step to buying life insurance in Connecticut

If you have more questions please see our FAQ section or visit our blog. If you are ready to compare life insurance quotes in Connecticut just give us a call or simply click on the link below for a free life insurance quote to see just what we can do for you.