Looking for Life Insurance in St. Louis?
Life insurance is not only the cornerstone of a solid financial plan, but it's hands down one of the most cost-effective ways to protect the people who depend on you financially.
What would happen to your family if you were to die prematurely? Would they be able to maintain their current lifestyle?
Would your kids be able to go to college? Would your spouse be able to shoulder the load with one income?
If you have a child, are married, or you are carrying any kind of debt, purchasing life insurance is a no-brainer.
Here are a few other reasons to have life insurance though:
- Charitable donations.
- To pay federal death and estate taxes.
- Create an inheritance for your heirs.
- To pay final expenses.
We make buying quotes easy
At Graves Insurance Group, we make the process of buying life Insurance extremely simple.
We have access to a wide range of companies so we can survey the marketplace, and base it on your individual rating criteria. Finding the best possible insurance policy at the best price is what we are here to help you with.
When purchasing, there are a few things to consider:
Do you want Term Life or Whole Life?
If you don’t understand the difference that’s okay. That’s what we’re here for.
Life insurance is based on two main variables — your age, and your health.
Term Life Insurance – Term Life Insurance is the simplest and usually the cheapest type of life insurance. It stays in affect for a specific period of time until a certain age of the insured. The premium.
Whole Life Insurance – Whole life insurance normally covers your enitre lifespan. While you may pay more premiums early, you will likely underpay for the future causing it to balance out.
*For both Term Life Insurance and Whole life Insurance, rates may be higher if you are 65 years old and up. The reason for this is because statistics show that you have a shorter amount of time to live rather than if you were 25 years old. An easy way to remember the difference between Term Life Insurance and Whole Life Insurance is to think of term as temporary, and whole life as permanent insurance which remains in force until you die.
How much do I need?
A mistake that we often see people make is basing their life insurance coverage on a guess, or just grabbing a number out of thin air without realizing what the impact of inflation could have on their life insurance proceeds.
The amount of coverage you need depends on a number of different variables. Here are a few examples:
- How many children you have.
- Your potential future earnings.
- Whether or not you're married.
- Spouses future earnings potential.
- You and your spouse's age.
- Amount of debt you have.
How to get started on your Life Insurance quote
Either way we'll make the process simple!