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Life Insurance

At BrokerLink, we have a team of dedicated life insurance professionals. Whether your needs are simple or complex, our team can help you find solutions that make sense.

Insurance can feel overwhelming. Here’s the good news: BrokerLink Insurance Advisors are here to help! We can walk you through the entire process. We’ll explain everything and make sure you have the coverage you need. Keep reading to learn more about life insurance.

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Life Insurance

You may be asking yourself, “Why do I need life insurance?”

Life insurance isn’t the most pleasant thing to talk about. For many, it seems like an unnecessary expense. Here are just a few examples of when life insurance is essential:

  • You have dependents (such as children) who rely on you or your spouse for financial support
  • You are a business owner
  • You have amassed a fair amount of wealth and want to be specific about how your estate is distributed

If any of these circumstances apply to you, it’s important to have life insurance. Even if you don’t have any dependents or a great deal of wealth, life insurance can help with expenses such as a funeral. A BrokerLink Insurance Advisor can help you determine the exact amount of coverage that makes sense for our situation.

Life can change in an instant. Taking time to plan is crucial if you want to have peace of mind that your loved ones will be taken care of. Taking the time to plan is one of the best steps you can take. Everyone has a story about a family member or friend who had a sudden and unexpected life change. It can really happen to anyone!

BrokerLink’s Insurance Advisors have helped numerous clients protect their families and their wealth through life insurance. Depending on your circumstances, the process may be quick and simple, or there might be a great deal to consider. Even if you have life insurance through your employer’s benefits plan, it may not be enough. It’s important to confirm there are no gaps in your current coverage.

That’s why the BrokerLink team is here to bring you peace of mind. We can offer expert, independent advice. You don’t have to go through this process alone. Our advisors are ready to help you get the coverage you need to keep your loved ones safe.

Types of life insurance

There are a few different types of life insurance you might want to consider:

Term Insurance

Term life insurance covers you for a fixed period of time, such as ten or thirty years. It’s often the best choice of insurance to insure your mortgage or a business loan where you have a set payback date.

Whole Life and Permanent Life Insurance

It’s right there in the name. This type of life insurance protects you for the rest of your life. It’s a more involved consideration, but it’s well worth your time to explore this option.

What are living benefits?

Living benefits provide coverage if something happens to you while you are still living. It serves a different but equally important need than life insurance.

Here are a few of the different types of living benefit coverage:

Critical Illness

A critical illness policy pays out a lump sum, tax-free benefit once you have survived a qualifying life-threatening medical condition. Some of the conditions covered under this policy include cancer, heart attack, stroke, or coronary bypass surgery. This lump sum benefit is designed to support you for lost wages or additional costs resulting from a change in your lifestyle brought on by the medical condition. However, the funds can be used at your discretion. To learn more about what conditions are covered, talk to your Insurance Advisor.

Disability

Are you covered for disability due to injury, illness or both? It’s important to understand the distinction. Too often, the cost of disability insurance is what deters people from paying for the right coverage. For instance, if you have an injury only disability policy and you find yourself off work for a long period of time due to an illness, your disability policy does not provide any benefit, despite the fact that you have been paying premium for years. Let us help you review your coverage and make sure you are protected.

Get in touch with BrokerLink about life insurance

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