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Life Insurance

Do you have a family or people who rely on you financially? If a death occurs how will that impact their lives? At Knight Archer Insurance we can help you take care of the people who matter the most by offering full life, long term care, critical illness and disability insurance. We’ll help you determine how much coverage is enough and let you select the best premiums from our partners.

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Life insurance

Life insurance provides peace of mind and financial security for you and your loved ones by providing long-term financial stability against death from accidents or disease. It can also help with estate planning or retirement income.

Life insurance is a contract between an insured person and the life insurance company. When the insured person dies, the life insurance company pays a sum of money, typically a fixed amount of dollars, to the beneficiary.

You can take out life insurance on yourself or someone else. When you buy life insurance on your own life, you’re called the policyholder.

People often use life insurance as a form of financial security for their family in case something happens to them, and it can also help pay off debts such as mortgages and loans you may leave behind. Life insurance really is a must if you have people in your life who you want to protect in the event of your death.

You can purchase life insurance through a broker, and there are several kinds of life insurance to consider. One is term life insurance that covers a person until the term they get in the event of death. The second is called permanent whole/universal life insurance, and it pays benefits throughout a person's lifetime.

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Who should get life insurance?

The short answer? Everyone should buy life insurance. Starting on the investment portion of your policy as soon as possible is most beneficial, and primarily, you won’t be leaving your loved ones paying for all your funeral or debt expenses.

The best time to purchase life insurance is when you’re young and healthy because you aren’t as likely to have any health problems that would increase the cost of your policy. 
Life insurance premium costs rise as you age. Having problems like heart disease or diabetes might also cause your cost of insurance to go up. Don’t wait on getting a life insurance policy so that you can lock in lower premiums.

What life insurance can do for you

Life insurance is a must if you have a family relying on your income to survive. If you’re the primary income earner  in your family, then life insurance is one of the most important forms of protection for your family’s financial future.

When a person passes away, it can be difficult for those left behind  to pay the deceased bills or mortgage, buy groceries, and maintain their lifestyle if they don't have any other sources of income. Life Insurance can serve as that form of additional income. 

Life insurance can also protect you in the case of an accident or illness that requires extensive medical treatment. It will help to reduce the financial burden of on you both for treatment and any lost wages.

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Do you have enough coverage? Let’s find out.