NH Life Insurance Awareness Month Just Ended- but you can still buy Life Insurance!

by Stephen Donohue NH Term Life Insurance Expert

Today Life Insurance is more affordable than in the past and also  getting it is easier than ever.

Industry organization LifeHappens.org is a great resource for anyone looking to buy life insurance.  Please see:

Life Happens great brochure called What you Need to Know About Life Insurance

And their Calculator that shows HOW MUCH LIFE INSURANCE YOU NEED ​

There are several different kinds of life insurance that you can buy. At our agency here are the 3 most popular kinds of life insurance that our clients buy:

Term Life Insurance- this is often the most popular and also the most affordable life insurance solution. Term Life Insurance provides coverage for a SPECIFIC PERIOD OF TIME. Here are 5 Reasons to consider Term Life Insurance in NH:

1. Low Cost
2. Easy underwriting for people ages 18-60 (no medical exam)
3. Tax Free death benefit
4. Ability to convert to ENTIRE LIFE POLICY
5. Level Premiums Available up to 30 years (or more!)

Universal Life Insurance- is more flexible than Term Life Insurance and most universal policy often permits for flexible premium payments. Today many universal life policies are designed to last until age 100, 105 even as high as age 120. So Universal Life is a great product for someone who wants to buy life insurance today that will last their entire life.
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Whole Life Insurance- Called Whole Life because these policies are designed to last your "Whole (or entire) Life". These policies are often more expensive than term life  insurance but offer some attractive features like:

• ability to build cash value- with a guaranteed rate of return
• access to cash in a policy loan or withdrawal
• Premiums can be designed to never increase 

​Whole life policies are used for Estate Planning and are a helpful tool for transferring wealth from one generation to the next.

If you are looking for a NH Term Life Insurance quote or if you have questions for what kind of life insurance is best for you please call Atlantic Insurance today at 603-882-2909.
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