Let’s talk about why life insurance matters—and how to make it work for you, not the other way around. For a healthy 30-year-old non-smoker, a 20-year term policy with $500,000 in coverage typically costs $25-$40 a month. That number changes fast: hit age 40, and you’re looking at nearly double. If you smoke, you’ll pay two to three times more.
Term policies are all about keeping costs low and coverage high when your family depends on you most. Permanent policies have their place too, but they come with higher costs—think cash value, commissions, and early surrender charges. Yes, they last for life, but the price reflects that.
The smartest path I’ve seen? Maximize your term coverage when your financial responsibilities—like debt and kids at home—are highest, then scale back as those needs shrink. I always recommend a review every five years to keep your protection aligned with your life.
At the end of the day, life insurance isn’t about chasing investment returns. It’s about transferring risk—giving your loved ones certainty and security when it matters most. My role is to make sure your policy does just that: covers you the right way, with clarity and confidence.
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