Empower Blog

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September 28, 2021

Life Insurance Isn’t One Size Fits All

It’s time to debunk the myth that life insurance is one size fits all and you only need it when you’re older. In fact, life insurance is a very nuanced topic that’s influenced by a variety of individual personal factors, and your insurance needs will evolve throughout your life. A young, healthy, single individual will likely require less coverage than an older person with a family, a mortgage and nearing plans for retirement. Just as no two people are the same, no two life insurance policies should be the same, either. Working with an insurance agent can help you uncover the policy options that are best for you.

Finding The Right Fit

Your life insurance policy will be affected by a variety of personal characteristics, such as your age, gender, marital status, overall health and even your lifestyle, if you happen to enjoy any particularly risky hobbies. Taking a look at these combined factors can help determine what type of life insurance policy and coverage amount is best for you.

Making Adjustments

As you move through life's stages, your life insurance needs are likely to change. The amount of coverage you need is affected by life events such as getting married, having children, purchasing a home and even changing jobs. For example, the coverage you need when you’re 25 and single is likely to be quite different from how much you’ll need when you’re 45 and married with three kids.

Tailored to Your Unique Goals

You and your familys financial goals will also play a role in customizing your life insurance policy. Providing financial security for your family, paying off a mortgage or debt, planning for children's education or retirement or covering your small business are all examples of important purposes for ensuring you have the right coverage in place.

If it's been a while since you've thought about your life insurance coverage, or if you have questions about life insurance, schedule an appointment with Insurance Agent, Joe Yates. Joe offers free life insurance policy evaluations and would be happy to help you better understand your unique life insurance needs.


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About the Author
CommunityAmerica Author
CommunityAmerica Insurance Agency

We've Got You Covered

The CommunityAmerica Insurance Agency is dedicated to helping you protect what matters most, with insurance offerings including auto, home, life and much more.

Life Insurance products are offered by Copper Financial Network, LLC (“Copper Financial”), in its capacity as an insurance agency. Other insurance products may be sold through CommunityAmerica Insurance Agency, LLC, a wholly owned subsidiary of CommunityAmerica CUSO One, LLC and a licensed insurance agency in Missouri and Kansas. Copper Financial Insurance Advisors are only authorized to offer non-securities insurance products. Copper Financial is a wholly-owned subsidiary of CommunityAmerica Credit Union.

Investment and insurance products, including annuities:

Are Not Deposits

Are Not NCUA or otherwise Federally Insured

Are Not Credit Union Guaranteed

May Lose Value